FOX First At Ten Business News

Should we let wunderkinds drop out of high school?

By BETH J. HARPAZAssociated Press NEW YORK (AP) - Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom,

Asia stocks fall ahead of Fed statements

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is conducting its third round of massive bond purchases known as quantitative easing

Lew taps government retiree pension fund

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to

Panel: Apple uses firms outside US to avoid taxes

By MARCY GORDONAP Business Writer WASHINGTON (AP) - Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102