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US durable goods orders rise 3.3 percent in April

US durable goods orders rise 3.3 percent in April
Submitted by Fox First at Ten on May 24th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment. The Commerce Department says durable goods orders rose 3.3 percent last

Q&A: On Turkey's proposed alcohol restrictions

Q&A: On Turkey's proposed alcohol restrictions
Submitted by Fox First at Ten on May 24th
By SUZAN FRASERAssociated Press ANKARA, Turkey (AP) - A look at legislation passed in Turkey's parliament early Friday that would ban all alcohol advertising and tighten restrictions on the sale of such beverages, and how such a law could affect tourists and liquor companies in the mainly

Futures slide; markets appear headed for down week

Futures slide; markets appear headed for down week
Submitted by Fox First at Ten on May 24th
NEW YORK (AP) - Stock futures are sinking and it appears major U.S. indexes are heading for a down week roiled by corporate earnings, good and bad, and confusion about what the Fed will do next. Dow Jones industrial futures are down 56 points to 15,233. S&P futures have lost 8.9 points to 1,641

Top Swiss negotiator in tax disputes steps down

Top Swiss negotiator in tax disputes steps down
Submitted by Fox First at Ten on May 24th
GENEVA (AP) - Switzerland's top negotiator in talks to resolve disputes over tax evasion with Europe and the U.S. is stepping down. The Finance Ministry said Friday that Michael Ambuehl will leave his post at the end of August and go into academia. The move comes at a crucial time for

Procter & Gamble brings back A.G. Lafley as CEO

Procter & Gamble brings back A.G. Lafley as CEO
Submitted by Fox First at Ten on May 24th
By MAE ANDERSONAP Business Writer NEW YORK (AP) - Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again. The Cincinnati company said late Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning its top post. The surprise move

Report: France backs off caps on CEO pay

Report: France backs off caps on CEO pay
Submitted by Fox First at Ten on May 24th
PARIS (AP) - France's finance minister says the government is no longer planning to cap executives' salaries in the private sector, amid concerns it is antagonizing the big businesses needed to reinvigorate the economy. The Socialist government imposed limits last year on executive pay at

Turkey passes bill restricting alcohol sales, ads

Turkey passes bill restricting alcohol sales, ads
Submitted by Fox First at Ten on May 24th
ANKARA, Turkey (AP) - Turkey's parliament has passed legislation to ban all advertising of alcohol and tighten restrictions on sales in the mainly Muslim but secular country. The legislation, adopted on Friday, bans the sale of alcoholic drinks between 10 p.m. and 6 a.m. It also prohibits

German business confidence unexpectedly rebounds

German business confidence unexpectedly rebounds
Submitted by Fox First at Ten on May 24th
By GEIR MOULSONAssociated Press BERLIN (AP) - German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday. The Ifo think tank's confidence index rose

Oil falls below $94 on weak outlook for demand

Oil falls below $94 on weak outlook for demand
Submitted by Fox First at Ten on May 24th
By PABLO GORONDIAssociated Press The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile

World stocks stabilize after big sell-off

World stocks stabilize after big sell-off
Submitted by Fox First at Ten on May 24th
By NATALIYA VASILYEVAAP Business Writer MOSCOW (AP) - World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's

Most Popular Stories

Obama To Visit Tornado-Ravaged OK Town

Obama To Visit Tornado-Ravaged OK Town
Submitted by Fox First at Ten on May 22nd
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday.    That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity.    A

I-5 bridge collapses into Wash. river, injuring 3

I-5 bridge collapses into Wash. river, injuring 3
Submitted by Fox First at Ten on May 24th
By MANUEL VALDES and MIKE BAKERAssociated Press MOUNT VERNON, Wash. (AP) - An Interstate 5 bridge over a river collapsed north of Seattle Thursday evening, dumping two vehicles into the water and sparking a rescue effort by boats and divers as three injured people were pulled from the chilly

Flooding forces evacuation of 1,300 in ND town

Flooding forces evacuation of 1,300 in ND town
Submitted by Fox First at Ten on May 22nd
By BLAKE NICHOLSON and DAVE KOLPACKAssociated Press BISMARCK, N.D. (AP) - A dam that threatened to give way and flood a North Dakota town was holding back the water on Wednesday, though the 1,300 residents of Cavalier were still being told to stay away from their homes. Steady rainfall between