FOX First At Ten Business News

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

US new home sales up 2.3 percent in April

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. New-home sales rose to a seasonally adjusted annual rate

Stock slump continues on Wall Street

NEW YORK (AP) - A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. The Dow Jones industrial average fell 112 points to 15,191 in early trading Thursday, or 0.7 percent. The Standard &

Ralph Lauren's 4Q profit rises 35 pct

NEW YORK (AP) - Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices. But economic challenges here and abroad and the move to eliminate some businesses to focus on the most profitable ones cut into sales. The results,