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Committee nears final big immigration decisions

Committee nears final big immigration decisions
Submitted by Fox First at Ten on May 21st
By DAVID ESPO and ERICA WERNERAssociated Press WASHINGTON (AP) - The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final drafting decisions on immigration legislation that grants a

Should we let wunderkinds drop out of high school?

Should we let wunderkinds drop out of high school?
Submitted by Fox First at Ten on May 21st
By BETH J. HARPAZAssociated Press NEW YORK (AP) - Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom,

Oil price rises to near $97 per barrel

Oil price rises to near $97 per barrel
Submitted by Fox First at Ten on May 21st
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy. Benchmark crude for June delivery was up 16 cents to $96.87 per barrel at midday Bangkok

Asia stocks fall ahead of Fed statements

Asia stocks fall ahead of Fed statements
Submitted by Fox First at Ten on May 21st
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is conducting its third round of massive bond purchases known as quantitative easing

Average credit card debt, late payments fall in 1Q

Average credit card debt, late payments fall in 1Q
Submitted by Fox First at Ten on May 21st
By ALEX VEIGAAP Business Writer LOS ANGELES (AP) - Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of credit card payments at least 90 days

Lew taps government retiree pension fund

Lew taps government retiree pension fund
Submitted by Fox First at Ten on May 21st
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to

Judge tosses ex-BP executive's obstruction charge

Judge tosses ex-BP executive's obstruction charge
Submitted by Fox First at Ten on May 20th
By MICHAEL KUNZELMANAssociated Press NEW ORLEANS (AP) - A federal judge on Monday dismissed one of the two counts in the indictment of a former BP executive who was charged with concealing information from Congress about the amount of oil that was leaking from the company's blown-out well in

Panel: Apple uses firms outside US to avoid taxes

Panel: Apple uses firms outside US to avoid taxes
Submitted by Fox First at Ten on May 20th
By MARCY GORDONAP Business Writer WASHINGTON (AP) - Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102

White House says more farm subsidy cuts needed

White House says more farm subsidy cuts needed
Submitted by Fox First at Ten on May 20th
By MARY CLARE JALONICKAssociated Press WASHINGTON (AP) - The Obama administration said Monday it wants to see more cuts to agriculture subsidies in a massive farm bill moving through the Senate this week. The bill would cost almost $100 billion a year over five years and would set policy for farm

Panel: Apple uses firms outside US to avoid taxes

Panel: Apple uses firms outside US to avoid taxes
Submitted by Fox First at Ten on May 20th
WASHINGTON (AP) - Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash,

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Dell's dismal 1Q illuminates PC maker's challenges

Dell's dismal 1Q illuminates PC maker's challenges
Submitted by Fox First at Ten on May 16th
By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets. The dismal performance announced Thursday provided the

World stocks mostly higher

World stocks mostly higher
Submitted by Fox First at Ten on May 17th
By TOBY STERLINGAP Business Writer AMSTERDAM (AP) - World stock markets shrugged off suggestions the U.S. Federal Reserve may begin to reverse some of its asset purchase programs by the end of the summer, and were mostly higher ahead of key data releases Friday. The Conference Board is due to

Obama focusing on job creation in Baltimore visit

Obama focusing on job creation in Baltimore visit
Submitted by Fox First at Ten on May 17th
By NEDRA PICKLERAssociated Press BALTIMORE (AP) - President Barack Obama is leaving behind scandal-focused Washington to focus on the country's slowly improving jobs picture. Obama is to fly by helicopter Friday about 40 miles north to Baltimore, which has had its share of tough times in the