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Ralph Lauren's 4Q profit rises 35 pct

Ralph Lauren's 4Q profit rises 35 pct
Submitted by Fox First at Ten on May 23rd
NEW YORK (AP) - Ralph Lauren Corp. is reporting a 35 percent increase in fourth-quarter profit, but economic challenges here and abroad and certain strategic initiatives cut into sales. The New York-based company is reporting net income of $127.2 million, or $1.37 per share, for the three months

US unemployment aid applications fall to 340K

US unemployment aid applications fall to 340K
Submitted by Fox First at Ten on May 23rd
By PAUL WISEMANAP Economics Writer WASHINGTON (AP) - The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. Applications for unemployment aid declined to a seasonally adjusted 340,000 in the week

US equities sell-off goes on; futures slump

US equities sell-off goes on; futures slump
Submitted by Fox First at Ten on May 23rd
NEW YORK (AP) - The momentum of a late sell-off on Wall Street is carrying through for a second day, with U.S. futures and global stock markets in retreat. Dow Jones industrial futures are down 102 points to 15,218. S&P futures have lost 13.2 points to 1,642.40. Nasdaq futures are down 23.25

Stricken Japan nuke plant struggles to keep staff

Stricken Japan nuke plant struggles to keep staff
Submitted by Fox First at Ten on May 23rd
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper

Bangladesh: Owners' many failings led to collapse

Bangladesh: Owners' many failings led to collapse
Submitted by Fox First at Ten on May 23rd
By FARID HOSSAINAssociated Press DHAKA, Bangladesh (AP) - The defects and errors that led to the world's deadliest garment-industry accident extend from the swampy ground the doomed Rana Plaza was built on, to "extremely poor quality" construction materials, to the massive, vibrating equipment

Birth control coverage up for federal appeal

Birth control coverage up for federal appeal
Submitted by Fox First at Ten on May 23rd
By KRISTEN WYATTAssociated Press DENVER (AP) - In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the

IMF head Lagarde in court in fraud probe

IMF head Lagarde in court in fraud probe
Submitted by Fox First at Ten on May 23rd
By ANGELA CHARLTON PARIS (AP) - International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister. The court hearing

Oil down to near $93 on Chinese recovery concerns

Oil down to near $93 on Chinese recovery concerns
Submitted by Fox First at Ten on May 23rd
By PABLO GORONDIAssociated Press The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil

House to vote on variable rate student loans

House to vote on variable rate student loans
Submitted by Fox First at Ten on May 23rd
By PHILIP ELLIOTTAssociated Press WASHINGTON (AP) - House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama. Supported by Republicans, the bill would avoid a rate increase for students with new

Between economy and trouble, Obama approval steady

Between economy and trouble, Obama approval steady
Submitted by Fox First at Ten on May 23rd
By JIM KUHNHENNAssociated Press WASHINGTON (AP) - The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. Several recent polls show the president sustaining an overall approval rating around 50 percent,

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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