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A divided Fed wrestles with when to slow bond buys

A divided Fed wrestles with when to slow bond buys
Submitted by Fox First at Ten on May 22nd
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy. Its uncertainty burst into view Wednesday, when Chairman Ben Bernanke testified to Congress in the morning and the Fed in the afternoon released

FDA panel backs experimental Merck insomnia drug

FDA panel backs experimental Merck insomnia drug
Submitted by Fox First at Ten on May 22nd
By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving. A majority of

Tesla uses stock, note sale to repay government

Tesla uses stock, note sale to repay government
Submitted by Fox First at Ten on May 22nd
By TOM KRISHERAP Auto Writer DETROIT (AP) - Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. The Palo Alto, Calif., company said it wired in a $451.8 million payment to the government on Wednesday. The money,

Senators warm to transportation nominee

Senators warm to transportation nominee
Submitted by Fox First at Ten on May 22nd
By JOAN LOWYAssociated Press WASHINGTON (AP) - President Barack Obama's nominee for transportation secretary - Charlotte Mayor Anthony Foxx - received a friendly reception from senators of both parties Wednesday laced with warnings that the nation needs to make a host of transportation

HP's slumps deepens in 2Q as earnings fall 32 pct

HP's slumps deepens in 2Q as earnings fall 32 pct
Submitted by Fox First at Ten on May 22nd
By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. The latest evidence of Hewlett-Packard Co.'s

Stocks fall on news Fed weighed cutting stimulus

Stocks fall on news Fed weighed cutting stimulus
Submitted by Fox First at Ten on May 22nd
NEW YORK (AP) - Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve. The release of minutes of the Fed's April 30-May 1 meeting reversed a surge earlier in the day. The Dow

Am. Samoa to keep flier miles of govt travelers

Am. Samoa to keep flier miles of govt travelers
Submitted by Fox First at Ten on May 22nd
By FILI SAGAPOLUTELEAssociated Press PAGO PAGO, American Samoa (AP) - American Samoa plans to take away frequent flier miles from government workers who travel on behalf of the U.S. territory and use the loyalty points to help medical patients and students travel off the islands when necessary.

Palestinians have little faith in Kerry effort

Palestinians have little faith in Kerry effort
Submitted by Fox First at Ten on May 22nd
By MOHAMMED DARAGHMEHAssociated Press RAMALLAH, West Bank (AP) - Palestinians believe the U.S. effort to restart peace talks is doomed, and they're preparing instead to resume their campaign of seeking membership in key international organizations as soon as next month, officials told The

Pizza on Mars: NASA funds development of 3D printer that can knock out pizza

Pizza on Mars: NASA funds development of 3D printer that can knock out pizza
Submitted by Fox First at Ten on May 22nd
By Trevor MoggProvided by If you'd told someone in 1922 that in 50 years time a guy in a space suit would be dancing across the surface of the moon singing, "I was strolling on the moon one day, in the merry merry month of December May," that person would more than likely have suggested you

Fiat Industrial aims to shift tax home to Britain

Fiat Industrial aims to shift tax home to Britain
Submitted by Fox First at Ten on May 22nd
By COLLEEN BARRYAP Business Writer MILAN (AP) - Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV. But

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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

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

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