FOX First At Ten Business News

Stocks fade, post first weekly loss in a month

Submitted by Fox First at Ten on May 24th

NEW YORK (AP) - Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a big gain in Procter & Gamble. The Standard &

Schumer urges look at security in Sprint deal

Submitted by Fox First at Ten on May 24th

By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open

FDA warns of infections tied to Tennessee pharmacy

Submitted by Fox First at Ten on May 24th

By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy. The Food and Drug Administration said Friday the

Delta ups the ante in battle for NY travel market

Submitted by Fox First at Ten on May 24th

By SCOTT MAYEROWITZAP Airlines Writer NEW YORK (AP) - Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following. The airline opened a sprawling $1.4 billion terminal at Kennedy Airport Friday, a

Netflix looks to hook subscribers with 'Arrested'

Submitted by Fox First at Ten on May 24th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service. The award-winning show about the dysfunctional Bluth family returns Sunday, seven

Venezuela to create new workers militia

Submitted by Fox First at Ten on May 24th

By KARL RITTER and JORGE RUEDAAssociated Press CARACAS, Venezuela (AP) - Venezuela's president has ordered the creation of a new workers' militia to defend the country's "Bolivarian revolution" at a time when the government faces economic problems and political turmoil. President

Oil ends week down 2 pct on tepid demand outlook

Submitted by Fox First at Ten on May 24th

By The Associated Press NEW YORK (AP) - The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel.

Barrick fined $16m for Pascua-Lama violations

Submitted by Fox First at Ten on May 24th

By LUIS ANDRES HENAOAssociated Press VALLENAR, Chile (AP) - Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental

News Corp. OKs poison pill, buyback before split

Submitted by Fox First at Ten on May 24th

By RYAN NAKASHIMAAP Business Writer LOS ANGELES (AP) - News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the

Stocks barely budge; market ends week with loss

Submitted by Fox First at Ten on May 24th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. The Standard & Poor's 500 index dropped 0.91 of a point to close at 1,649.60. The Dow Jones industrial average rose 8.60 points to 15,303, a gain of