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Sales in Asia help Mazda return to profit

Submitted by Fox First at Ten on October 31st

TOKYO (AP) - Mazda Motor Corp. says it has shaken off a long spell of losses, turning a 12.2 billion yen ($153.3 million) profit in the July-September quarter, though it revised downward its sales forecast for the year. The Hiroshima-based automaker's profit for the quarter compared with a 14.4

Taiwan projects slowest GDP growth in 3 years

Submitted by Fox First at Ten on October 31st

TAIPEI, Taiwan (AP) - Taiwan on Wednesday lowered its projected 2012 growth rate for the ninth time, reducing last month's 1.6 percent estimate to 1 percent. That would be the most anemic since 2009, when the island was still mired in the aftermath of the global financial crisis. Officials

ArcelorMittal cuts dividend after posting Q3 loss

Submitted by Fox First at Ten on October 31st

LUXEMBOURG (AP) - ArcelorMittal, the world's largest steelmaker, slashed its dividend as it slid into a third-quarter loss on the back of a slowdown in China. The company reported Wednesday that it made a $709 million loss during the July-September period in contrast to last year's

World markets gain in face of US superstorm

Submitted by Fox First at Ten on October 31st

By JOE McDONALDAP Business Writer BEIJING (AP) - World markets rose and Wall Street prepared to get back to business Wednesday after a mammoth storm pummeled the U.S. East Coast, forcing forced the closure of the New York Stock Exchange. Oil rose above $86 a barrel as investors waited for U.S.

Obama tours storm damage, Romney mutes rhetoric

Submitted by Fox First at Ten on October 31st

By DAVID ESPO and JULIE PACEAssociated Press BRIGANTINE, N.J. (AP) - President Barack Obama soberly toured the destruction wrought by superstorm Sandy on Wednesday in the company of New Jersey's Republican governor and assured victims "we will not quit" until cleanup and recovery are

Obama tours storm damage, Romney mutes rhetoric

Submitted by Fox First at Ten on October 31st

Political ads gear up for final push of campaign

Submitted by Fox First at Ten on October 31st

By BETH FOUHYAssociated Press NEW YORK (AP) - The campaign ad crush has intensified and expanded in the final week of the presidential contest, with President Barack Obama, Republican challenger Mitt Romney and allied independent groups making their final, full-throated advertising pitches to

China think tank urges gov't to end 1-child policy

Submitted by Fox First at Ten on October 31st

By ALEXA OLESENAssociated Press BEIJING (AP) - A government think tank is urging Chinese leaders to start phasing out China's one-child policy immediately and allow two children for every family by 2015, a daring proposal to do away with the unpopular policy. Some demographers see the

Business Highlights

Submitted by Fox First at Ten on October 30th

By The Associated Press ___ Storm's cost may hit $50 billion; rebuilding to ease blow WASHINGTON (AP) - Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm. In

Romney moves to reframe debate on abortion, autos

Submitted by Fox First at Ten on October 30th

By KASIE HUNT and STEVE PEOPLESAssociated Press KETTERING, Ohio (AP) - In ads, his own remarks and most recently the words of a top supporter, Republican Mitt Romney seems determined to soften emphasis on abortion and ignore facts critical to the auto industry as he seeks support from key