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Oil falls below $94 on weak outlook for demand

Oil falls below $94 on weak outlook for demand
Submitted by Fox First at Ten on May 24th
By PABLO GORONDIAssociated Press The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile

World stocks stabilize after big sell-off

World stocks stabilize after big sell-off
Submitted by Fox First at Ten on May 24th
By NATALIYA VASILYEVAAP Business Writer MOSCOW (AP) - World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's

Japan's PM Abe defends policies as markets settle

Japan's PM Abe defends policies as markets settle
Submitted by Fox First at Ten on May 24th
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst

NJ: Caramel-colored rubbing alcohol sold as scotch

NJ: Caramel-colored rubbing alcohol sold as scotch
Submitted by Fox First at Ten on May 24th
By REMA RAHMANAssociated Press TRENTON, N.J. (AP) - At one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water - and apparently not even clean water at that. State officials provided those new details

6 tips on managing your 401(k) plan effectively

6 tips on managing your 401(k) plan effectively
Submitted by Fox First at Ten on May 23rd
By ALEX VEIGAAP Business Writer The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes. The Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indexes are each up more than 20 percent over the past 12

Study: No higher cancer rate at Conn. Pratt plants

Study: No higher cancer rate at Conn. Pratt plants
Submitted by Fox First at Ten on May 23rd
By STEPHEN SINGERAP Business Writer EAST HARTFORD, Conn. (AP) - An 11-year study of the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in the state ended Thursday with university researchers saying they found no statistically significant elevations in the rate of cancer

New rules for labeling meat go into effect in US

New rules for labeling meat go into effect in US
Submitted by Fox First at Ten on May 23rd
By M.L. JOHNSONAssociated Press MILWAUKEE (AP) - Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday. The rules require labels on steaks, ribs and other cuts of meat to say where the animal was born,

Procter & Gamble brings back A.G. Lafley as CEO

Procter & Gamble brings back A.G. Lafley as CEO
Submitted by Fox First at Ten on May 23rd
By MAE ANDERSONAP Business Writer NEW YORK (AP) - Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth. In a surprise move, P&G said Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning

Senate votes to cut crop insurance aid for wealthy

Senate votes to cut crop insurance aid for wealthy
Submitted by Fox First at Ten on May 23rd
By MARY CLARE JALONICKAssociated Press WASHINGTON (AP) - The Senate on Thursday voted to limit the amount of government subsidies the wealthiest farmers receive when purchasing crop insurance. The vote was one small victory this week for critics of a massive, five-year farm bill that would cost

Tea party vs. old guard in GOP Senate rift

Tea party vs. old guard in GOP Senate rift
Submitted by Fox First at Ten on May 23rd
By ANDREW TAYLOR and CHARLES BABINGTONAssociated Press WASHINGTON (AP) - A long-simmering feud between establishment Republicans and tea partyers broke into full view Thursday, with Sen. John McCain accusing younger colleagues of overplaying their hands and tempting Democrats to change Senate rules

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

I-5 bridge collapses into Wash. river, injuring 3

I-5 bridge collapses into Wash. river, injuring 3
Submitted by Fox First at Ten on May 24th
By MANUEL VALDES and MIKE BAKERAssociated Press MOUNT VERNON, Wash. (AP) - An Interstate 5 bridge over a river collapsed north of Seattle Thursday evening, dumping two vehicles into the water and sparking a rescue effort by boats and divers as three injured people were pulled from the chilly

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