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Oil falls below $94 on weak outlook for demand

Oil falls below $94 on weak outlook for demand
Submitted by Fox First at Ten on May 24th
By The Associated Press NEW YORK (AP) - The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. Benchmark oil for July delivery was down 36 cents to $93.91 a barrel in midday trading on the New York Mercantile Exchange. On Thursday, oil fell as

Barrick fined $16m for Pascua-Lama violations

Barrick fined $16m for Pascua-Lama violations
Submitted by Fox First at Ten on May 24th
By EVA VERGARA and LUIS ANDRES HENAOAssociated Press SANTIAGO, 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

News Corp. board approves split, stock buyback

News Corp. board approves split, stock buyback
Submitted by Fox First at Ten on May 24th
NEW YORK (AP) - News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. News Corp. also said Friday that the target date for the split is June 28. The company holding its TV and movie properties will be 21st Century

Stocks head lower, market on track for weekly loss

Stocks head lower, market on track for weekly loss
Submitted by Fox First at Ten on May 24th
By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - The stock market headed lower in midday trading Friday, putting it on track for its first weekly loss in a month. Shortly after noon, the Dow Jones industrial average was down 28 points at 15,265, a drop of 0.2 percent. The Standard & Poor'

China gives US regulators access to audit records

China gives US regulators access to audit records
Submitted by Fox First at Ten on May 24th
WASHINGTON (AP) - China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the

China, Switzerland to seal free trade deal

China, Switzerland to seal free trade deal
Submitted by Fox First at Ten on May 24th
GENEVA (AP) - Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation - the first comprehensive agreement his country has reached with a major western economy. Li met with Swiss officials in Zurich on Friday to conclude three years of negotiations. In an op-ed

Stocks open lower, market headed for a weekly loss

Stocks open lower, market headed for a weekly loss
Submitted by Fox First at Ten on May 24th
NEW YORK (AP) - Stocks are opening lower on Wall Street, putting the market on track for its first weekly loss after four weeks of gains. The Dow Jones industrial average was down 42 points at 15,251 shortly after the opening bell Friday, a loss of 0.3 percent. The Standard & Poor's 500

Slovenia adopts debt cap to stave off crisis

Slovenia adopts debt cap to stave off crisis
Submitted by Fox First at Ten on May 24th
By ALI ZERDINAssociated Press LJUBLJANA, Slovenia (AP) - Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout. The 78-8 vote in the assembly means Slovenia's constitution

Some unions now angry about health care overhaul

Some unions now angry about health care overhaul
Submitted by Fox First at Ten on May 24th
By SAM HANANELAssociated Press WASHINGTON (AP) - When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters. But some unions leaders have grown frustrated and angry about what they say are unexpected consequences of the

US durable goods orders rise 3.3 percent in April

US durable goods orders rise 3.3 percent in April
Submitted by Fox First at Ten on May 24th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for durable goods, items

Most Popular Stories

Obama To Visit Tornado-Ravaged OK Town

Obama To Visit Tornado-Ravaged OK Town
Submitted by Fox First at Ten on May 22nd
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday.    That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity.    A

I-5 bridge collapses into Wash. river, injuring 3

I-5 bridge collapses into Wash. river, injuring 3
Submitted by Fox First at Ten on May 24th
By MANUEL VALDES and MIKE BAKERAssociated Press MOUNT VERNON, Wash. (AP) - An Interstate 5 bridge over a river collapsed north of Seattle Thursday evening, dumping two vehicles into the water and sparking a rescue effort by boats and divers as three injured people were pulled from the chilly

Flooding forces evacuation of 1,300 in ND town

Flooding forces evacuation of 1,300 in ND town
Submitted by Fox First at Ten on May 22nd
By BLAKE NICHOLSON and DAVE KOLPACKAssociated Press BISMARCK, N.D. (AP) - A dam that threatened to give way and flood a North Dakota town was holding back the water on Wednesday, though the 1,300 residents of Cavalier were still being told to stay away from their homes. Steady rainfall between