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FOX First At Ten Business News

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Bank of England remains divided on stimulus

Bank of England remains divided on stimulus
Submitted by Fox First at Ten on May 22nd
LONDON (AP) - The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting in May. The report showed the nine members of the Monetary Policy Committee unanimously approved keeping the base interest

Sony mulls hedge fund's entertainment sale idea

Sony mulls hedge fund's entertainment sale idea
Submitted by Fox First at Ten on May 22nd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate

Immigration bill heads to full Senate

Immigration bill heads to full Senate
Submitted by Fox First at Ten on May 22nd
By ERICA WERNER and DAVID ESPOAssociated Press WASHINGTON (AP) - A far-reaching bill to remake the nation's immigration system is headed to the full Senate, where tough battles are brewing on gay marriage, border security and other contentious issues, with the outcome impossible to predict. The

Kerry praises $2.1 billion Raytheon deal in Oman

Kerry praises $2.1 billion Raytheon deal in Oman
Submitted by Fox First at Ten on May 22nd
By BRADLEY KLAPPERAssociated Press MUSCAT, Oman (AP) - U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon. Kerry met with the Arab country's defense minister, a day after

Weak yen a help for Japan, but headache elsewhere

Weak yen a help for Japan, but headache elsewhere
Submitted by Fox First at Ten on May 22nd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by gains from a recovery in the world

Japan's central bank says economy picking up

Japan's central bank says economy picking up
Submitted by Fox First at Ten on May 22nd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month. The Bank of Japan

Oil below $96 before crude stocks report, Fed

Oil below $96 before crude stocks report, Fed
Submitted by Fox First at Ten on May 22nd
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. Benchmark crude for July delivery was down 62 cents to $95.56 a barrel at late afternoon Bangkok

World stocks mixed ahead of Fed chief testimony

World stocks mixed ahead of Fed chief testimony
Submitted by Fox First at Ten on May 22nd
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - World stock markets were mixed Wednesday, hours before Federal Reserve chairman Ben Bernanke is to deliver remarks before Congress on the state of the U.S. economy. The Fed is also scheduled to release the minutes of its most recent policy meeting

North Korea sends leader's special envoy to China

North Korea sends leader's special envoy to China
Submitted by Fox First at Ten on May 22nd
By MARGIE MASONAssociated Press PYONGYANG, North Korea (AP) - North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to China on Wednesday as Beijing faces pressure to rein in its belligerent neighbor. Choe Ryong Hae, a top Workers' Party official and a vice

US auto factories cutting back on summer downtime

US auto factories cutting back on summer downtime
Submitted by Fox First at Ten on May 22nd
By DEE-ANN DURBINAP Auto Writer DETROIT (AP) - Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only

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Protesters chant 'Stop the IRS' in Cincinnati

Protesters chant 'Stop the IRS' in Cincinnati
Submitted by Fox First at Ten on May 21st
By DAN SEWELLAssociated Press CINCINNATI (AP) - Tea party activists waving flags and signs, singing patriotic songs and chanting anti-IRS slogans protested outside federal buildings across the country Tuesday to protest the agency's extra scrutiny of conservative groups. A crowd packed the

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife
Submitted by Fox First at Ten on May 21st
SPOKANE, Wash. – The trial of Clay Starbuck, charged with killing his ex-wife Chanin and sexually violating her remains, entered its third week Monday at the Spokane County Courthouse. Chanin Starbuck was found strangled to death in her Deer Park home in December of 2011, and Clay

Small Fla. city anxious to learn jackpot winner

Small Fla. city anxious to learn jackpot winner
Submitted by Fox First at Ten on May 20th
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million. The lucky ticket was bought sometime Saturday