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Iceland forms center-right govt, halts EU talks

Iceland forms center-right govt, halts EU talks
Submitted by Fox First at Ten on May 22nd
By JENNA GOTLIEBAssociated Press REYKJAVIK, Iceland (AP) - The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc. Sigmundur David Gunnlaugsson spoke

Target's 1Q profit drops 26 pct on weak sales

Target's 1Q profit drops 26 pct on weak sales
Submitted by Fox First at Ten on May 22nd
By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending. The company, based in Minneapolis, also cut its annual profit outlook, sending its

Trial for captain in deadly shipwreck in Italy

Trial for captain in deadly shipwreck in Italy
Submitted by Fox First at Ten on May 22nd
By FRANCES D'EMILIOAssociated Press ROME (AP) - An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, which killed 32 people. Judge Pietro Molino, at a closed-door hearing Wednesday in

Futures rise; all eyes on the Fed

Futures rise; all eyes on the Fed
Submitted by Fox First at Ten on May 22nd
NEW YORK (AP) - U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone. Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.

Vatican releases 1st report of financial watchdog

Vatican releases 1st report of financial watchdog
Submitted by Fox First at Ten on May 22nd
By NICOLE WINFIELDAssociated Press VATICAN CITY (AP) - The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing. The report

Lowe's 1Q profit rises, but results miss Street

Lowe's 1Q profit rises, but results miss Street
Submitted by Fox First at Ten on May 22nd
By MICHELLE CHAPMAN and MAE ANDERSONAP Business Writers NEW YORK (AP) - Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales. The No. 2 home improvement retailer's results stood in

Kenya's truth report: Killings, land grabs, graft

Kenya's truth report: Killings, land grabs, graft
Submitted by Fox First at Ten on May 22nd
By TOM ODULAAssociated Press NAIROBI, Kenya (AP) - Kenya's president received a long-awaited Truth Justice and Reconciliation Commission report that names the president and his deputy as being among those suspected of planning and financing Kenya's 2007-08 postelection violence in which

EU leaders discuss fight against tax evasion

EU leaders discuss fight against tax evasion
Submitted by Fox First at Ten on May 22nd
By JUERGEN BAETZ and RAF CASERTAssociated Press BRUSSELS (AP) - European Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes. European officials say tax fraud costs the 27-nation bloc an estimated 1

IMF calls on Britain to do more for growth

IMF calls on Britain to do more for growth
Submitted by Fox First at Ten on May 22nd
By DANICA KIRKAAssociated Press LONDON (AP) - The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks. In a review of Britain

Sony mulls hedge fund's entertainment sale idea

Sony mulls hedge fund's entertainment sale idea
Submitted by Fox First at Ten on May 22nd
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate

Most Popular Stories

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

UPDATE: Body Found Inside Spokane Valley Hotel; Victim Identified

UPDATE: Body Found Inside Spokane Valley Hotel; Victim Identified
Submitted by Fox First at Ten on May 22nd
UPDATE: The woman found dead at the Oxford Suites hotel has been identified as 48-year-old Sharon G. Linde. Cause of death is still pending. PREVIOUS STORY: SPOKANE VALLEY, Wash. - The body of a 46-year-old female has been found at the Oxford Suites Hotel in Spokane Valley. Staff members found

Idaho Women's Basketball To Play In Preseason NIT

Idaho Women's Basketball To Play In Preseason NIT
Submitted by Fox First at Ten on May 23rd
After a surprising run to win the Western Athletic Conference tournament title last season that earned it a bid to the NCAA tournament, Idaho has been selected to participate in the 2013 Preseason Women's National Invitation Tournament in November. Here's more from a press release courtesy