Home / FOX First At Ten Business News

FOX First At Ten Business News

My Fox Spokane Biz

IMF head Lagarde in court in fraud probe

IMF head Lagarde in court in fraud probe
Submitted by Fox First at Ten on May 23rd
PARIS (AP) - International Monetary Fund chief Christine Lagarde has appeared at a special Paris court to face questioning over a controversial arbitrage deal that she oversaw as French finance minister. The 2008 deal handed about 400 million euros to magnate Bernard Tapie to settle a dispute with

Oil falls below $94 as China manufacturing weakens

Oil falls below $94 as China manufacturing weakens
Submitted by Fox First at Ten on May 23rd
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. Benchmark oil for

House to vote on variable rate student loans

House to vote on variable rate student loans
Submitted by Fox First at Ten on May 23rd
By PHILIP ELLIOTTAssociated Press WASHINGTON (AP) - House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama. Supported by Republicans, the bill would avoid a rate increase for students with new

Between economy and trouble, Obama approval steady

Between economy and trouble, Obama approval steady
Submitted by Fox First at Ten on May 23rd
By JIM KUHNHENNAssociated Press WASHINGTON (AP) - The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. Several recent polls show the president sustaining an overall approval rating around 50 percent,

Lenovo says quarterly profit up 90 percent

Lenovo says quarterly profit up 90 percent
Submitted by Fox First at Ten on May 23rd
By JOE McDONALDAP Business Writer BEIJING (AP) - Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo said it earned $127 million, or 1.22 cents per share, in the three months ending March 31.

Japan bond yields jump following Fed comments

Japan bond yields jump following Fed comments
Submitted by Fox First at Ten on May 23rd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates.

Japan stocks dive as benchmark bond yield spikes

Japan stocks dive as benchmark bond yield spikes
Submitted by Fox First at Ten on May 23rd
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at

Urban renewal? Big US cities showing strong growth

Urban renewal? Big US cities showing strong growth
Submitted by Fox First at Ten on May 23rd
By HOPE YENAssociated Press WASHINGTON (AP) - Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year. Big cities surpassed the rate of growth of their surrounding

Building materials blamed in Bangladesh disaster

Building materials blamed in Bangladesh disaster
Submitted by Fox First at Ten on May 23rd
DHAKA, Bangladesh (AP) - A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said

Ford to end auto production in Australia in 2016

Ford to end auto production in Australia in 2016
Submitted by Fox First at Ten on May 23rd
By KRISTEN GELINEAUAssociated Press SYDNEY (AP) - Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. The closure of the U.S. automaker's plants in the state of Victoria will

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

Small Fla. city anxious to learn jackpot winner

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

SAY WHAT?!? Freak Snow In Washington State Town Cancels School

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