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Markets roiled by Nikkei's 7.3 percent slide

Markets roiled by Nikkei's 7.3 percent slide
Submitted by Fox First at Ten on May 23rd
By PAN PYLAS and PAMELA SAMPSONAP Business Writers LONDON (AP) - Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3

Urban renewal? Big US cities showing strong growth

Urban renewal? Big US cities showing strong growth
Submitted by Fox First at Ten on May 23rd
By HOPE YENAssociated Press WASHINGTON (AP) - Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year. Big cities surpassed the rate of growth of their surrounding

Building materials blamed in Bangladesh disaster

Building materials blamed in Bangladesh disaster
Submitted by Fox First at Ten on May 23rd
DHAKA, Bangladesh (AP) - A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said

Ford to end auto production in Australia in 2016

Ford to end auto production in Australia in 2016
Submitted by Fox First at Ten on May 23rd
By KRISTEN GELINEAUAssociated Press SYDNEY (AP) - Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. The closure of the U.S. automaker's plants in the state of Victoria will

Survey shows China manufacturing contracting

Survey shows China manufacturing contracting
Submitted by Fox First at Ten on May 23rd
By JOE McDONALDAP Business Writer BEIJING (AP) - A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing. HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-

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 2Q offers hope even as revenue slump deepens

HP's 2Q offers hope even as revenue slump deepens
Submitted by Fox First at Ten on May 22nd
By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable

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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

SAY WHAT?!? Freak Snow In Washington State Town Cancels School

SAY WHAT?!? Freak Snow In Washington State Town Cancels School
Submitted by Fox First at Ten on May 22nd
BICKLETON, Wash. (AP) - A freak snow has given students a snow day in May in the Klickitat County town of Bickleton.    School Superintendent Ric Palmer says 10-to-12 inches fell in places overnight and heavy snow brought some tree branches down on lines, knocking out power and

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