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Banks fall short in helping struggling homeowners

Banks fall short in helping struggling homeowners
Submitted by Fox First at Ten on June 19th
By ANDREW MIGAAssociated Press WASHINGTON (AP) - Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers, a report said Wednesday. Such delays can plunge borrowers deeper in debt. Joseph A.

Bluebird Bio shares rocket higher in trading debut

Bluebird Bio shares rocket higher in trading debut
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - Shares of gene therapy developer Bluebird Bio Inc. are surging in their trading debut. Its shares climbed $9.15, or 53.8 percent, to $26.15 in morning trading Wednesday after trading as high as $27 earlier in the session. The company's initial public offering of 5.94 million

Dolce and Gabbana convicted of tax evasion

Dolce and Gabbana convicted of tax evasion
Submitted by Fox First at Ten on June 19th
MILAN (AP) - A Milan court on Wednesday convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence

Men's Wearhouse ousts founder, pitchman Zimmer

Men's Wearhouse ousts founder, pitchman Zimmer
Submitted by Fox First at Ten on June 19th
By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore. In a terse release issued Wednesday, Men's Wearhouse said it has fired the face of the company and its executive chairman, George Zimmer, who

Investors look for answers on economy from Fed

Investors look for answers on economy from Fed
Submitted by Fox First at Ten on June 19th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows. On Wednesday, many hope the Fed will settle the

Stocks edge lower as investors wait on Fed

Stocks edge lower as investors wait on Fed
Submitted by Fox First at Ten on June 19th
By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - The stock market is waiting on the Fed. Major indexes drifted lower in midday trading Wednesday as traders wondered what the Federal Reserve will say about the U.S. economy and the central bank's huge stimulus program this afternoon. The U.S.

Cyprus okays gas plant deal with Noble, Delek

Cyprus okays gas plant deal with Noble, Delek
Submitted by Fox First at Ten on June 19th
NICOSIA, Cyprus (AP) - Cyprus' deputy government spokesman says the Cabinet has ratified a preliminary agreement with U.S. firm Noble Energy and its Israeli partners Delek Drilling and Avner Oil Exploration on their participation in the development of a planned natural gas processing facility.

Stocks edge lower as investors wait for the Fed

Stocks edge lower as investors wait for the Fed
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - Stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 17 points, or 0.1 percent, at 15,301 in the first few minutes of trading Wednesday. The Standard &

Obama warns EU over high youth unemployment

Obama warns EU over high youth unemployment
Submitted by Fox First at Ten on June 19th
By JUERGEN BAETZAssociated Press BERLIN (AP) - President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make sure that some countries don't "lose a generation." Obama warned during his visit to Berlin that

US futures waver in light trading

US futures waver in light trading
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - U.S. stock futures are mixed in light trading with investors holding back before the Federal Reserve reveals its stance on the economy. Markets have swung wildly for weeks leading up to the two-day meeting, which ends Wednesday. Dow Jones industrial futures are down 14 points to 15,

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UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.

UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.
Submitted by Fox First at Ten on June 18th
UPDATE: The female driver has been identified as Jennifer A. Schmidt of Spokane Valley. The male driver has been identified as Sean D. Moss. Both Schmidt and Moss were life-flighted by Medstar to Sacred Heart. The State Patrol says both vehicles were totaled and both drivers were wearing seatbelts

NASA picks 8 new astronauts, 4 of them women

NASA picks 8 new astronauts, 4 of them women
Submitted by Fox First at Ten on June 17th
By MARCIA DUNNAP Aerospace Writer CAPE CANAVERAL, Fla. (AP) - NASA has eight new astronauts - its first new batch in four years. Among the lucky candidates: the first female fighter pilot to become an astronaut in nearly two decades. A female helicopter pilot also is in the group. In fact, four of

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive
Submitted by Fox First at Ten on June 18th
PRESS RELEASE FROM THE SPOKANE VALLEY POLICE DEPT: On Tuesday, June 18, 2013, at 9:15 a.m., Spokane Valley Sheriff's Deputies responded to a person with a weapon call near the area of 13600 E. 20th Ave. Deputies arrived on scene and found the victim homeowner detaining the suspect, later