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Fed foresees lower US unemployment rate

Fed foresees lower US unemployment rate
Submitted by Fox First at Ten on June 19th
By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March. The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It thinks

Fed says it will continue $85B in bond purchases

Fed says it will continue $85B in bond purchases
Submitted by Fox First at Ten on June 19th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The Federal Reserve says it will maintain the pace of its program to keep long-term interest rates at record lows, but offered a slightly more optimistic outlook for the U.S. economy and job market. The brighter outlook could be a hint that

FedEx 4Q profit drops as priority services lag

FedEx 4Q profit drops as priority services lag
Submitted by Fox First at Ten on June 19th
By DAVID KOENIGAP Business Writer DALLAS (AP) - FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring. FedEx said 3,600 employees will take voluntary buyouts and nearly half of

Pruitt: DOJ broke rules in phone records seizure

Pruitt: DOJ broke rules in phone records seizure
Submitted by Fox First at Ten on June 19th
By JENNIFER C. KERRAssociated Press WASHINGTON (AP) - The Justice Department violated its own rules when it secretly seized records for thousands of phone calls to and from journalists for The Associated Press as part of a leak investigation, the head of the company said Wednesday. AP President and

Ousted founder of Men's Wearhouse fights back

Ousted founder of Men's Wearhouse fights back
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - George Zimmer, the ousted founder and executive chairman of Men's Wearhouse, says Wednesday he was dismissed after he and the company's board disagreed about how it should look. In a statement released to CNBC following his termination, Zimmer says he expressed concerns to

Swiss lawmakers reject deal on banking secrecy

Swiss lawmakers reject deal on banking secrecy
Submitted by Fox First at Ten on June 19th
GENEVA (AP) - Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that would have helped the country's banks avoid facing U.S. criminal charges for shielding tax cheats. Switzerland's National

Oil little changed before Fed's Bernanke speaks

Oil little changed before Fed's Bernanke speaks
Submitted by Fox First at Ten on June 19th
By The Associated Press NEW YORK (AP) - The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke. Oil fell about 40 cents after the government said U.S. oil supplies rose by 300,000 barrels last week.

Unmanned aircraft struggle to shed 'drone' image

Unmanned aircraft struggle to shed 'drone' image
Submitted by Fox First at Ten on June 19th
By SARAH DiLORENZOAssociated Press LE BOURGET, France (AP) - Unmanned aircraft have helped rescue stranded hikers, worked to contain wildfires and gathered data at nuclear accidents. One helped a Russian tanker find its way through Arctic ice to bring oil to a stranded Alaskan community. These

Stocks drift lower as investors wait for the Fed

Stocks drift lower as investors wait for the Fed
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 10 points, or 0.1 percent, at 15,307 at midday Eastern Daylight Time Wednesday. The Standard & Poor's 500 index

Israel to export 40 percent of its natural gas

Israel to export 40 percent of its natural gas
Submitted by Fox First at Ten on June 19th
JERUSALEM (AP) - Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected. The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-

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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