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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
MILAN (AP) - The former head of the Italian aerospace and defense giant Finmeccanica goes on trial in a case involving alleged bribes to win a 560 million euro ($670 million) helicopter contract in India. Giuseppe Orsi, who resigned in February, faces corruption charges in a case that has tarnished

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

Boeing wins order for 30 new-generation 737 jets

Boeing wins order for 30 new-generation 737 jets
Submitted by Fox First at Ten on June 19th
LE BOURGET, France (AP) - Boeing Co. says it is selling 30 of its new generation 737-MAX 8 jets, extending the popularity of the fuel-efficient short-haul aircraft at the Paris Air Show. The 737-MAX 8 planes have a list price of $100.5 million, although most customers negotiate steep discounts.

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 falls near $98 a barrel before Bernanke speaks

Oil falls near $98 a barrel before Bernanke speaks
Submitted by Fox First at Ten on June 19th
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting. Benchmark oil for July delivery fell 13 cents to $98.31 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The

Asia Markets mostly down as investors eye Fed

Asia Markets mostly down as investors eye Fed
Submitted by Fox First at Ten on June 19th
By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - Asian markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the U.S. Federal Reserve. The results of a two-day Fed policy meeting will likely ripple through stock markets once investors learn

Japan's trade deficit climbs to $10.5B in May

Japan's trade deficit climbs to $10.5B in May
Submitted by Fox First at Ten on June 19th
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.

Most Popular Stories

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