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House GOP preparing for debt showdown this summer

Submitted by Fox First at Ten on April 24th

By STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - Preparing for another debt showdown this summer, House Republicans advanced a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority. The House Ways and

House GOP preparing for debt showdown this summer

Submitted by Fox First at Ten on April 24th

P&G, AT&T drop after earnings, holding back Dow

Submitted by Fox First at Ten on April 24th

By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - Weak earnings forecasts from Procter & Gamble and AT&T held the Dow Jones industrial average back on Wednesday. P&G, the world's largest consumer goods maker, fell 4.8 percent to $78.03 after the maker of Tide detergent and Gillette

HK opposes Sichuan quake aid over corruption fears

Submitted by Fox First at Ten on April 24th

By KELVIN CHANAP Business Writer HONG KONG (AP) - Hong Kong lawmakers fiercely opposed a plan Wednesday to donate money to a Chinese provincial government for earthquake victims, underlining widespread public concerns about mainland corruption. The city's leader, Leung Chun-ying, proposed

Hollywood yielding to China's growing film clout

Submitted by Fox First at Ten on April 24th

By PETER ENAVAssociated Press Coming soon to a theater near you: China's Communist Party. From demanding changes in plot lines that denigrate the Chinese leadership, to dampening lurid depictions of sex and violence, Beijing is having increasing success in pressuring Hollywood into deleting

Toyota top selling automaker despite sales fall

Submitted by Fox First at Ten on April 24th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with General Motors and Volkswagen is proving tight, as its sales fall in China and Japan. Toyota Motor Corp. reported

Group calls on China to improve Internet security

Submitted by Fox First at Ten on April 24th

By JOE McDONALDAP Business Writer BEIJING (AP) - An American business group appealed to China on Wednesday to improve online security and ease restrictions on Web use by companies, warning that deteriorating access speeds might discourage foreign investment. The American Chamber of Commerce

Strong earnings drive stocks higher on Wall Street

Submitted by Fox First at Ten on April 23rd

By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - Strong earnings across a range of U.S. industries pushed the stock market higher Tuesday. Makers of handbags, jet planes and chemical products all turned in good results for the first quarter, reviving investors' confidence after a sharp

Stocks gain on earnings; fake tweet shakes stocks

Submitted by Fox First at Ten on April 23rd

By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - Companies that do well when the economy is improving led the market higher Tuesday after several of them notched strong earnings. Coach, a maker of luxury handbags, and Netflix, which streams TV shows and movies over the Internet, were big winners

More details sought on mute Boston bomb suspect

Submitted by Fox First at Ten on April 23rd

By DENISE LAVOIE and EILEEN SULLIVANAssociated Press BOSTON (AP) - The 19-year-old charged with the Boston Marathon bombing, his throat injured by a gunshot wound, wrote down answers to the questions of investigators about his motives and connections to any terror networks. Dzhokhar Tsarnaev's