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US home construction rises 6.8 percent in May

US home construction rises 6.8 percent in May
Submitted by Fox First at Ten on June 18th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy. The overall pace of homes

Duke Energy names insider to take over for Rogers

Duke Energy names insider to take over for Rogers
Submitted by Fox First at Ten on June 18th
By JONATHAN FAHEYAP Energy Writer NEW YORK (AP) - Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO. Rogers, 65, will retire on July 1. He agreed to step down by the end of the year as part of a settlement

US consumer prices rise just 0.1 pct. in May

US consumer prices rise just 0.1 pct. in May
Submitted by Fox First at Ten on June 18th
By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation. The consumer price index ticked up a seasonally

Royalty Pharma lets Elan takeover bid expire

Royalty Pharma lets Elan takeover bid expire
Submitted by Fox First at Ten on June 18th
By TOM MURPHYAP Business Writer Royalty Pharma has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer. Royalty offered earlier this month to pay $13 per share for each Elan share plus up

Futures rising as Fed gathers in Washington

Futures rising as Fed gathers in Washington
Submitted by Fox First at Ten on June 18th
NEW YORK (AP) - U.S. stock futures rose for the second time in as many days as the Federal Reserve opens its two-day policy meeting in Washington. The government also reported Tuesday that the pace of construction increased again in May as builders tried to keep up with growing demand for houses.

US safety agency investigating Suzuki small SUVs

US safety agency investigating Suzuki small SUVs
Submitted by Fox First at Ten on June 18th
DETROIT (AP) - U.S. safety regulators said Tuesday that they are investigating problems with air bag sensors in the seats of some small Suzuki SUVs. The probe covers 205,000 vehicles including Grand Vitaras from the 2006 through 2011 model years and SX4s from 2007 through 2011. The National Highway

Chevron secures Iraqi Kurdish oil deal

Chevron secures Iraqi Kurdish oil deal
Submitted by Fox First at Ten on June 18th
BAGHDAD (AP) - U.S. oil giant Chevron says it has signed a deal with Iraq's Kurdish regional government to expand its oil exploration territory in the northern self-rule region. The California-based company said in a statement emailed Tuesday that it acquired the rights to hunt in the Qara Dagh

NSA director says plot against Wall Street foiled

NSA director says plot against Wall Street foiled
Submitted by Fox First at Ten on June 18th
By KIMBERLY DOZIER and DONNA CASSATAAssociated Press WASHINGTON (AP) - The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on

Sprint sues to stop Dish Clearwire buyout

Sprint sues to stop Dish Clearwire buyout
Submitted by Fox First at Ten on June 18th
OVERLAND PARK, Kan. (AP) - Sprint is suing to stop Dish Network's buyout of wireless data network operator Clearwire. The nation's third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders. Dish has offered to pay $4.40 per share

Trader charged in manipulation of Libor rate

Trader charged in manipulation of Libor rate
Submitted by Fox First at Ten on June 18th
By DANICA KIRKAAssociated Press LONDON (AP) - Britain's Serious Fraud Office has charged a former trader with conspiracy to defraud in the rigging of a benchmark interest rate. The UK's official financial crimes investigator says Tom Hayes, a former trader at UBS and Citigroup, was charged

Most Popular Stories

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive
Submitted by Fox First at Ten on June 18th
PRESS RELEASE FROM THE SPOKANE VALLEY POLICE DEPT: On Tuesday, June 18, 2013, at 9:15 a.m., Spokane Valley Sheriff's Deputies responded to a person with a weapon call near the area of 13600 E. 20th Ave. Deputies arrived on scene and found the victim homeowner detaining the suspect, later

Education Dept. offers more time to reach goals

Education Dept. offers more time to reach goals
Submitted by Fox First at Ten on June 18th
By PHILIP ELLIOTTAssociated Press WASHINGTON (AP) - States can ask for another year before being required to use student test results to decide whether to keep or fire teachers, Education Secretary Arne Duncan told school chiefs on Tuesday. Thirty-seven states and the District of Columbia have

UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.

UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.
Submitted by Fox First at Ten on June 18th
UPDATE: The female driver has been identified as Jennifer A. Schmidt of Spokane Valley. The male driver has been identified as Sean D. Moss. Both Schmidt and Moss were life-flighted by Medstar to Sacred Heart. The State Patrol says both vehicles were totaled and both drivers were wearing seatbelts