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IMF calls for urgent steps on Spain unemployment

IMF calls for urgent steps on Spain unemployment
Submitted by Fox First at Ten on June 19th
By ALAN CLENDENNINGAP Business Writer MADRID (AP) - Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27 unemployment rate and free frozen credit to businesses so they can expand

UK banking commission urges better standards

UK banking commission urges better standards
Submitted by Fox First at Ten on June 19th
By DANICA KIRKAAssociated Press LONDON (AP) - British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial industry, an influential parliamentary committee

Bribery trial of former Finmeccanica CEO opens

Bribery trial of former Finmeccanica CEO opens
Submitted by Fox First at Ten on June 19th
By COLLEEN BARRYAssociated Press MILAN (AP) - The former head of Italian aerospace and defense giant Finmeccanica , accused by prosecutors of making bribery part of the company culture, went on trial Wednesday for his alleged role in the payment of bribes to secure a crucial 560 million euro ($670

Currency factors weigh on retailer H&M's Q2 profit

Currency factors weigh on retailer H&M's Q2 profit
Submitted by Fox First at Ten on June 19th
STOCKHOLM (AP) - Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products. The company said its net profit for the March-May period dropped to 4.66

Air France-KLM orders 25 wide-body Airbus A350s

Air France-KLM orders 25 wide-body Airbus A350s
Submitted by Fox First at Ten on June 19th
LE BOURGET, France (AP) - Air France-KLM ordered 25 Airbus A350 jets on Wednesday, saying the wide-body plane that flew for the first time last week will be central to its plan to expand long-haul flights after years of struggling against discount carriers in Europe. The deal is worth around $7.2

Senator: IRS to pay $70M in employee bonuses

Senator: IRS to pay $70M in employee bonuses
Submitted by Fox First at Ten on June 19th
By STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. Sen. Chuck

House to consider cuts to food stamps

House to consider cuts to food stamps
Submitted by Fox First at Ten on June 19th
By MARY CLARE JALONICKAssociated Press WASHINGTON (AP) - A wide-ranging farm bill the House is considering would cut food stamps by $2 billion a year and make it more difficult for some people to qualify for the domestic food aid program. Passage of the five-year, half-trillion-dollar farm bill

Budget office view boosts Senate immigration bill

Budget office view boosts Senate immigration bill
Submitted by Fox First at Ten on June 19th
By ERICA WERNER and DAVID ESPOAssociated Press WASHINGTON (AP) - Supporters of a far-reaching immigration bill in the Senate see fresh momentum from a report by the Congressional Budget Office that says the measure would boost the economy and reduce federal deficits by billions of dollars. Congress

Oil rises near $99 a barrel before Bernanke speaks

Oil rises near $99 a barrel before Bernanke speaks
Submitted by Fox First at Ten on June 19th
By PABLO GORONDIAssociated Press The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve. By early afternoon in Europe, benchmark oil for July delivery was up 20 cents to $98.64 a

Markets steady as investors ready for Fed

Markets steady as investors ready for Fed
Submitted by Fox First at Ten on June 19th
By PAN PYLASAP Business Writer LONDON (AP) - Markets were fairly flat-footed ahead of a keenly awaited policy statement from the U.S. Federal Reserve. The central bank wraps up a two-day policy meeting later Wednesday and investors are looking to see if policymakers are moving towards any change in

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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

NASA picks 8 new astronauts, 4 of them women

NASA picks 8 new astronauts, 4 of them women
Submitted by Fox First at Ten on June 17th
By MARCIA DUNNAP Aerospace Writer CAPE CANAVERAL, Fla. (AP) - NASA has eight new astronauts - its first new batch in four years. Among the lucky candidates: the first female fighter pilot to become an astronaut in nearly two decades. A female helicopter pilot also is in the group. In fact, four of

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