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Futures rise; all eyes on the Fed

Futures rise; all eyes on the Fed
Submitted by Fox First at Ten on May 22nd
NEW YORK (AP) - U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone. Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.

Vatican releases 1st report of financial watchdog

Vatican releases 1st report of financial watchdog
Submitted by Fox First at Ten on May 22nd
By NICOLE WINFIELDAssociated Press VATICAN CITY (AP) - The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing. The report

Lowe's 1Q profit rises, but results miss Street

Lowe's 1Q profit rises, but results miss Street
Submitted by Fox First at Ten on May 22nd
By MICHELLE CHAPMAN and MAE ANDERSONAP Business Writers NEW YORK (AP) - Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales. The No. 2 home improvement retailer's results stood in

EU leaders discuss fight against tax evasion

EU leaders discuss fight against tax evasion
Submitted by Fox First at Ten on May 22nd
By JUERGEN BAETZ and RAF CASERTAssociated Press BRUSSELS (AP) - European Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes. European officials say tax fraud costs the 27-nation bloc an estimated 1

IMF calls on Britain to do more for growth

IMF calls on Britain to do more for growth
Submitted by Fox First at Ten on May 22nd
By DANICA KIRKAAssociated Press LONDON (AP) - The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks. In a review of Britain

Sony mulls hedge fund's entertainment sale idea

Sony mulls hedge fund's entertainment sale idea
Submitted by Fox First at Ten on May 22nd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate

IRS official Lerner: 'I did nothing wrong'

IRS official Lerner: 'I did nothing wrong'
Submitted by Fox First at Ten on May 22nd
By ALAN FRAM and STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - The Internal Revenue Service official at the center of the storm over the agency's targeting of conservative groups told Congress on Wednesday that she had done nothing wrong in the episode, and then invoked her

Immigration bill heads to full Senate

Immigration bill heads to full Senate
Submitted by Fox First at Ten on May 22nd
By ERICA WERNER and DAVID ESPOAssociated Press WASHINGTON (AP) - A far-reaching bill to remake the nation's immigration system is headed to the full Senate, where tough battles are brewing on gay marriage, border security and other contentious issues, with the outcome impossible to predict. The

Kerry praises $2.1 billion Raytheon deal in Oman

Kerry praises $2.1 billion Raytheon deal in Oman
Submitted by Fox First at Ten on May 22nd
By BRADLEY KLAPPERAssociated Press MUSCAT, Oman (AP) - U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon. Kerry met with the Arab country's defense minister, a day after

Weak yen a help for Japan, but headache elsewhere

Weak yen a help for Japan, but headache elsewhere
Submitted by Fox First at Ten on May 22nd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by gains from a recovery in the world

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Protesters chant 'Stop the IRS' in Cincinnati

Protesters chant 'Stop the IRS' in Cincinnati
Submitted by Fox First at Ten on May 21st
By DAN SEWELLAssociated Press CINCINNATI (AP) - Tea party activists waving flags and signs, singing patriotic songs and chanting anti-IRS slogans protested outside federal buildings across the country Tuesday to protest the agency's extra scrutiny of conservative groups. A crowd packed the

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

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife
Submitted by Fox First at Ten on May 21st
SPOKANE, Wash. – The trial of Clay Starbuck, charged with killing his ex-wife Chanin and sexually violating her remains, entered its third week Monday at the Spokane County Courthouse. Chanin Starbuck was found strangled to death in her Deer Park home in December of 2011, and Clay