FOX First At Ten Business News

Appellate court: Berlusconi ran illegal scheme

MILAN (AP) - A Milan appeals court has explained why it upheld Silvia Berlusconi's tax fraud conviction, saying the politician illegally purchased the rights to broadcast U.S. movies on his private TV network, then falsely declared the payments to avoid taxes. The court made its ruling May 8,

US stock market recovers most of an early loss

NEW YORK (AP) - Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month. The Dow Jones industrial average was down 10 points at 15,297 as of noon Eastern Daylight Time, a loss of 0.1 percent. It had been down 127 points in the early

Stocks mixed as investors reassess Fed worries

By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in

Applications for US unemployment aid fall to 340K

By PAUL WISEMANAP Economics Writer WASHINGTON (AP) - The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. The less volatile four-week average ticked down just 500 to 339,500, the Labor Department