IMF says Spain's banks making good progress

Submitted by Fox First at Ten on October 26th

MADRID (AP) - The International Monetary Fund says Spain's banking sector has made good and timely progress in meeting the terms of its bailout.

The IMF is monitoring the Spanish government's progress in reforming the banking sector, which has been badly hurt by a property sector collapse in 2008. Spain agreed to the reforms in exchange for a €100 billion ($129 billion) loan from fellow eurozone nations to help prop up its banks.

The IMF report says that important progress was made in reforming the financial sector and "all deadlines established in the Memorandum of Understanding agreed between the Spanish and European authorities have been met."

The report said Friday that "capital shortfalls need to be quickly made up" and "non-viable banks promptly wound down."

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

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

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