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Investors look for answers on economy from Fed

Investors look for answers on economy from Fed
Submitted by Fox First at Ten on June 19th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows. On Wednesday, many hope the Fed will settle the

Stocks edge lower as investors wait on Fed

Stocks edge lower as investors wait on Fed
Submitted by Fox First at Ten on June 19th
By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - The stock market is waiting on the Fed. Major indexes drifted lower in midday trading Wednesday as traders wondered what the Federal Reserve will say about the U.S. economy and the central bank's huge stimulus program this afternoon. The U.S.

Cyprus okays gas plant deal with Noble, Delek

Cyprus okays gas plant deal with Noble, Delek
Submitted by Fox First at Ten on June 19th
NICOSIA, Cyprus (AP) - Cyprus' deputy government spokesman says the Cabinet has ratified a preliminary agreement with U.S. firm Noble Energy and its Israeli partners Delek Drilling and Avner Oil Exploration on their participation in the development of a planned natural gas processing facility.

Stocks edge lower as investors wait for the Fed

Stocks edge lower as investors wait for the Fed
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - Stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 17 points, or 0.1 percent, at 15,301 in the first few minutes of trading Wednesday. The Standard &

Obama warns EU over high youth unemployment

Obama warns EU over high youth unemployment
Submitted by Fox First at Ten on June 19th
By JUERGEN BAETZAssociated Press BERLIN (AP) - President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make sure that some countries don't "lose a generation." Obama warned during his visit to Berlin that

US futures waver in light trading

US futures waver in light trading
Submitted by Fox First at Ten on June 19th
NEW YORK (AP) - U.S. stock futures are mixed in light trading with investors holding back before the Federal Reserve reveals its stance on the economy. Markets have swung wildly for weeks leading up to the two-day meeting, which ends Wednesday. Dow Jones industrial futures are down 14 points to 15,

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. Excluding charges, the results still beat Wall Street expectations. But the company's forecast for the next 12

Japan formally OKs new nuclear safety requirements

Japan formally OKs new nuclear safety requirements
Submitted by Fox First at Ten on June 19th
By MARI YAMAGUCHIAssociated Press TOKYO (AP) - Japan's nuclear watchdog formally approved a set of new safety requirements for atomic power plants on Wednesday, paving the way for the reopening of facilities shut down since the Fukushima disaster in a move critics charged was too hasty. The new

Greek government back in talks to end TV crisis

Greek government back in talks to end TV crisis
Submitted by Fox First at Ten on June 19th
By DEREK GATOPOULOSAssociated Press ATHENS, Greece (AP) - Greece's governing coalition parties are to meet for a second time in three days to try and end a political crisis triggered by the closure of state broadcaster ERT. Conservative Prime Minister Antonis Samaras will hold talks later

Study: Wiser medication use could cut health costs

Study: Wiser medication use could cut health costs
Submitted by Fox First at Ten on June 19th
By LINDA A. JOHNSONAP Business Writer TRENTON, N.J. (AP) - If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing medication overuse, underuse and other flaws in care that cause complications and longer,

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UPDATE: Crash On Spokane's South Hill At Freya & 35th

UPDATE: Crash On Spokane's South Hill At Freya & 35th
Submitted by Fox First at Ten on June 19th
UPDATE: Authorities say that a tan SUV was heading west on 35th on Wednesday afternoon when the driver ran a stop sign at Freya. A blue SUV that was headed south on Freya hit the tan SUV causing the vehicle to flip over. There were two people in the overturned SUV, a woman and a little girl. They

Kerry calls Karzai to ease anger on Taliban office

Kerry calls Karzai to ease anger on Taliban office
Submitted by Fox First at Ten on June 19th
WASHINGTON (AP) - Secretary of State John Kerry called the Afghan president twice in the past 24 hours to ease Hamid Karzai's anger over the way the Taliban announced the opening of their political office in Qatar. The rift delayed the announced visit to the region this week by the U.S. special

As fires rage, feds cut funding on prevention

As fires rage, feds cut funding on prevention
Submitted by Fox First at Ten on June 19th
By NICHOLAS RICCARDI and MEAD GRUVERAssociated Press COLORADO SPRINGS, Colo. (AP) - As the West battles one catastrophic wildfire after another, the federal government is spending less and less on its main program for preventing blazes in the first place. A combination of government austerity and