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Best Buy reports 1Q loss on restructuring costs

Best Buy reports 1Q loss on restructuring costs
Submitted by Fox First at Ten on May 21st
MINNEAPOLIS (AP) - Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, but revenue fell short as the

Burberry's profit hit by perfume deal's demise

Burberry's profit hit by perfume deal's demise
Submitted by Fox First at Ten on May 21st
LONDON (AP) - British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31. But shares in the Burberry Group PLC rose just over 1 percent to 14.83 pounds Tuesday after the company reported

German central bank: Economy to improve 'markedly'

German central bank: Economy to improve 'markedly'
Submitted by Fox First at Ten on May 21st
By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) - Germany's central bank expects the country's economy to improve "markedly" in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europe

Housing recovery boosts Home Depot 1Q results

Housing recovery boosts Home Depot 1Q results
Submitted by Fox First at Ten on May 21st
ATLANTA (AP) - Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery. Its quarterly results topped Wall Street's view and the world's biggest home improvement chain boosted its full-year

Former IRS chief: Can't say how targeting happened

Former IRS chief: Can't say how targeting happened
Submitted by Fox First at Ten on May 21st
By STEPHEN OHLEMACHER and ALAN FRAMAssociated Press WASHINGTON (AP) - The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he

Senate to debate crop insurance in farm bill

Senate to debate crop insurance in farm bill
Submitted by Fox First at Ten on May 21st
By MARY CLARE JALONICKAssociated Press WASHINGTON (AP) - The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week. The Obama administration said Monday it wants to see more cuts to crop insurance and farm subsidies in the

Committee nears final big immigration decisions

Committee nears final big immigration decisions
Submitted by Fox First at Ten on May 21st
By DAVID ESPO and ERICA WERNERAssociated Press WASHINGTON (AP) - The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final drafting decisions on immigration legislation that grants a

Should we let wunderkinds drop out of high school?

Should we let wunderkinds drop out of high school?
Submitted by Fox First at Ten on May 21st
By BETH J. HARPAZAssociated Press NEW YORK (AP) - Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom,

Oil price rises to near $97 per barrel

Oil price rises to near $97 per barrel
Submitted by Fox First at Ten on May 21st
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy. Benchmark crude for June delivery was up 16 cents to $96.87 per barrel at midday Bangkok

Asia stocks fall ahead of Fed statements

Asia stocks fall ahead of Fed statements
Submitted by Fox First at Ten on May 21st
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is conducting its third round of massive bond purchases known as quantitative easing

Most Popular Stories

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

Logan Mayes Arrested for Hit and Run

Logan Mayes Arrested for Hit and Run
Submitted by Fox First at Ten on May 20th
PULLMAN -- Pullman police arrested Washington State linebacker Logan Mayes for a hit and run last Thursday. The incident led to Mayes' arrest May 16th just after 6:30 p.m. on NE Westwood Drive. A WSU spokesperson told SWX that the coaches are aware of the situation and it will remain a

SLIDESHOW: 2013 Spokane Lilac Festival Armed Forces Torchlight Parade

SLIDESHOW: 2013 Spokane Lilac Festival Armed Forces Torchlight Parade
Submitted by Fox First at Ten on May 19th
KHQ.COM - The 2013 Spokane Lilac Festival Armed Forces Torchlight Parade is in the books. With tens of thousands of people in downtown Spokane watching the parade, the floats, the marching bands, we know you took plenty of pictures! Well, we want to see them!  To submit pictures for this