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Markets roiled by Bernanke's exit strategy

Markets roiled by Bernanke's exit strategy
Submitted by Fox First at Ten on June 20th
By PAN PYLASAssociated Press LONDON (AP) - Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year. While stocks and commodities took a pounding on the news, the dollar surged. For nearly

ABN Amro chief says Dutch bank ready to privatize

ABN Amro chief says Dutch bank ready to privatize
Submitted by Fox First at Ten on June 20th
AMSTERDAM (AP) - The chief executive of ABN Amro says the Dutch bank is ready to be privatized. Gerrit Zalm said on a late-night television talk show Wednesday that the bank is sufficiently capitalized and had remained profitable despite a recession in the Netherlands. "We're ready," said Zalm

Hong Kong firm to buy 60 single-aisle Airbus jets

Hong Kong firm to buy 60 single-aisle Airbus jets
Submitted by Fox First at Ten on June 20th
LE BOURGET, France (AP) - A Hong Kong aircraft leasing company has agreed to buy 60 Airbus single-aisle jets, which have been selling well at this week at the Paris Air Show. Hong Kong Aviation Capital placed an order Thursday for 40 of the new generation A320 jets and 20 new generation A321s. At

Oil falls below $97 on likely Fed tapering

Oil falls below $97 on likely Fed tapering
Submitted by Fox First at Ten on June 20th
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Oil prices fell Thursday, a day after the Federal Reserve indicated it could begin to wind down its massive stimulus program later this year, as long as the U.S. economy remains on the upswing. U.S. benchmark oil for July delivery fell $2.08 to $96

AP buys stake in live video service Bambuser

AP buys stake in live video service Bambuser
Submitted by Fox First at Ten on June 20th
NEW YORK (AP) - The Associated Press said Thursday that it has bought a minority stake in the live video service Bambuser, boosting its ability to acquire and distribute video collected by people who have witnessed news events. Financial terms were not disclosed. As part of the deal, Sandy

France threatens Google with privacy fines

France threatens Google with privacy fines
Submitted by Fox First at Ten on June 20th
PARIS (AP) - France is giving Google three months to be more upfront about the data it collects from users - or be fined. The legal action accelerates a Europe-wide fight against Google over its use of personal data. While the fines threatened are small by the standards of one of the world's

Regulators order lenders to raise more capital

Regulators order lenders to raise more capital
Submitted by Fox First at Ten on June 20th
By DANICA KIRKAAssociated Press LONDON (AP) - British regulators are ordering some of the country's biggest banks to bolster their balance sheets by 27. 1 billion pounds ($42.1 billion) to prevent a repeat of the 2008 banking crisis. The Prudential Regulation Authority said Thursday that

House to vote on cuts to crop insurance

House to vote on cuts to crop insurance
Submitted by Fox First at Ten on June 20th
By MARY CLARE JALONICKAssociated Press WASHINGTON (AP) - The House will vote Thursday on whether to cut federally-subsidized crop insurance that helps farmers when they lose crops or revenue. The amendment by Rep. Ron Kind, D-Wis., would limit government help for crop insurance paid to wealthy

Sony chief says time needed to study proposal

Sony chief says time needed to study proposal
Submitted by Fox First at Ten on June 20th
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday. Sony Chief Executive Kazuo Hirai was

Senate backs Froman as next trade representative

Senate backs Froman as next trade representative
Submitted by Fox First at Ten on June 19th
By JIM ABRAMSAssociated Press WASHINGTON (AP) - Michael Froman, a senior White House economic adviser and classmate of President Barack Obama at Harvard Law School, on Wednesday won Senate confirmation to be the next U.S. trade representative. The confirmation vote was 93-4, elevating the 50-year-

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UPDATE: Crash On Spokane's South Hill At Freya & 35th

UPDATE: Crash On Spokane's South Hill At Freya & 35th
Submitted by Fox First at Ten on June 19th
UPDATE: Authorities say that a tan SUV was heading west on 35th on Wednesday afternoon when the driver ran a stop sign at Freya. A blue SUV that was headed south on Freya hit the tan SUV causing the vehicle to flip over. There were two people in the overturned SUV, a woman and a little girl. They

Idaho Toddler Dies After Being Left In Car

Idaho Toddler Dies After Being Left In Car
Submitted by Fox First at Ten on June 19th
AMMON, Idaho (AP) - Officials with the Bonneville County sheriff's department say a 21-month-old southeastern Idaho girl has died after she was left in a vehicle.    A news release says deputies and paramedics were called shortly after 5:15 p.m. Tuesday to a residence in Ammon,

2-Vehicle Head On Crash On Hwy. 195 In Whitman County

2-Vehicle Head On Crash On Hwy. 195 In Whitman County
Submitted by Fox First at Ten on June 19th
KHQ.COM - On Wednesday morning emergency crews responded to a 2 car head-on crash on Hwy. 195 in Whitman County near the Idaho State line. The Washington State Patrol says at least one person was trapped. The identifies of those involved have not been released. We'll post new details when