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Bangladesh: Owners' many failings led to collapse

Bangladesh: Owners' many failings led to collapse
Submitted by Fox First at Ten on May 23rd
By FARID HOSSAINAssociated Press DHAKA, Bangladesh (AP) - The defects and errors that led to the world's deadliest garment-industry accident extend from the swampy ground the doomed Rana Plaza was built on, to "extremely poor quality" construction materials, to the massive, vibrating equipment

Birth control coverage up for federal appeal

Birth control coverage up for federal appeal
Submitted by Fox First at Ten on May 23rd
By KRISTEN WYATTAssociated Press DENVER (AP) - In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the

IMF head Lagarde in court in fraud probe

IMF head Lagarde in court in fraud probe
Submitted by Fox First at Ten on May 23rd
By ANGELA CHARLTON PARIS (AP) - International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister. The court hearing

Oil down to near $93 on Chinese recovery concerns

Oil down to near $93 on Chinese recovery concerns
Submitted by Fox First at Ten on May 23rd
By PABLO GORONDIAssociated Press The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil

House to vote on variable rate student loans

House to vote on variable rate student loans
Submitted by Fox First at Ten on May 23rd
By PHILIP ELLIOTTAssociated Press WASHINGTON (AP) - House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama. Supported by Republicans, the bill would avoid a rate increase for students with new

Between economy and trouble, Obama approval steady

Between economy and trouble, Obama approval steady
Submitted by Fox First at Ten on May 23rd
By JIM KUHNHENNAssociated Press WASHINGTON (AP) - The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. Several recent polls show the president sustaining an overall approval rating around 50 percent,

Lenovo says quarterly profit up 90 percent

Lenovo says quarterly profit up 90 percent
Submitted by Fox First at Ten on May 23rd
By JOE McDONALDAP Business Writer BEIJING (AP) - Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo said it earned $127 million, or 1.22 cents per share, in the three months ending March 31.

Japan gyrations underline economy's vulnerability

Japan gyrations underline economy's vulnerability
Submitted by Fox First at Ten on May 23rd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or

Markets roiled by Nikkei's 7.3 percent slide

Markets roiled by Nikkei's 7.3 percent slide
Submitted by Fox First at Ten on May 23rd
By PAN PYLAS and PAMELA SAMPSONAP Business Writers LONDON (AP) - Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3

Urban renewal? Big US cities showing strong growth

Urban renewal? Big US cities showing strong growth
Submitted by Fox First at Ten on May 23rd
By HOPE YENAssociated Press WASHINGTON (AP) - Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year. Big cities surpassed the rate of growth of their surrounding

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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

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

SAY WHAT?!? Freak Snow In Washington State Town Cancels School

SAY WHAT?!? Freak Snow In Washington State Town Cancels School
Submitted by Fox First at Ten on May 22nd
BICKLETON, Wash. (AP) - A freak snow has given students a snow day in May in the Klickitat County town of Bickleton.    School Superintendent Ric Palmer says 10-to-12 inches fell in places overnight and heavy snow brought some tree branches down on lines, knocking out power and