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Oil ends week down 2 pct on tepid demand outlook

Oil ends week down 2 pct on tepid demand outlook
Submitted by Fox First at Ten on May 24th
By The Associated Press NEW YORK (AP) - The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel.

Barrick fined $16m for Pascua-Lama violations

Barrick fined $16m for Pascua-Lama violations
Submitted by Fox First at Ten on May 24th
By LUIS ANDRES HENAOAssociated Press VALLENAR, Chile (AP) - Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental

News Corp. OKs poison pill, buyback before split

News Corp. OKs poison pill, buyback before split
Submitted by Fox First at Ten on May 24th
By RYAN NAKASHIMAAP Business Writer LOS ANGELES (AP) - News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the

Stocks barely budge; market ends week with loss

Stocks barely budge; market ends week with loss
Submitted by Fox First at Ten on May 24th
By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. The Standard & Poor's 500 index dropped 0.91 of a point to close at 1,649.60. The Dow Jones industrial average rose 8.60 points to 15,303, a gain of

China gives US regulators access to audit records

China gives US regulators access to audit records
Submitted by Fox First at Ten on May 24th
WASHINGTON (AP) - China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the

China, Switzerland to seal free trade deal

China, Switzerland to seal free trade deal
Submitted by Fox First at Ten on May 24th
GENEVA (AP) - Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation - the first comprehensive agreement his country has reached with a major western economy. Li met with Swiss officials in Zurich on Friday to conclude three years of negotiations. In an op-ed

Stocks open lower, market headed for a weekly loss

Stocks open lower, market headed for a weekly loss
Submitted by Fox First at Ten on May 24th
NEW YORK (AP) - Stocks are opening lower on Wall Street, putting the market on track for its first weekly loss after four weeks of gains. The Dow Jones industrial average was down 42 points at 15,251 shortly after the opening bell Friday, a loss of 0.3 percent. The Standard & Poor's 500

Slovenia adopts debt cap to stave off crisis

Slovenia adopts debt cap to stave off crisis
Submitted by Fox First at Ten on May 24th
By ALI ZERDINAssociated Press LJUBLJANA, Slovenia (AP) - Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout. The 78-8 vote in the assembly means Slovenia's constitution

Some unions now angry about health care overhaul

Some unions now angry about health care overhaul
Submitted by Fox First at Ten on May 24th
By SAM HANANELAssociated Press WASHINGTON (AP) - When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters. But some unions leaders have grown frustrated and angry about what they say are unexpected consequences of the

US durable goods orders rise 3.3 percent in April

US durable goods orders rise 3.3 percent in April
Submitted by Fox First at Ten on May 24th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for durable goods, items

Most Popular Stories

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

Flooding forces evacuation of 1,300 in ND town

Flooding forces evacuation of 1,300 in ND town
Submitted by Fox First at Ten on May 22nd
By BLAKE NICHOLSON and DAVE KOLPACKAssociated Press BISMARCK, N.D. (AP) - A dam that threatened to give way and flood a North Dakota town was holding back the water on Wednesday, though the 1,300 residents of Cavalier were still being told to stay away from their homes. Steady rainfall between

Armed Robbery At McDonalds In Cheney

Armed Robbery At McDonalds In Cheney
Submitted by Fox First at Ten on May 22nd
CHENEY, Wash. - Officers with the Cheney Police Department and Eastern Washington University were called to an armed robbery late Tuesday night.  Officers say a suspect walked into the McDonalds on 1st and College Hill and demanded money. The suspect fled the scene and officers did not have a