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Geithner: Work remains despite US fiscal progress

Submitted by Fox First at Ten on October 11th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Despite making progress on getting its fiscal house in order, the United States still has much work to do, Treasury Secretary Timothy Geithner told fellow financial leaders Saturday. The comment came just hours after the U.S. government

US affirms steep tariffs on China solar panels

Submitted by Fox First at Ten on October 10th

By JOSH LEDERMANAssociated Press WASHINGTON (AP) - The Obama administration upheld steep tariffs on Chinese solar panels Wednesday, finding that improper trade practices have undermined an American solar industry that the largest U.S. manufacturer says is in the midst of collapse. In one of the

How the major stock indexes fared Wednesday

Submitted by Fox First at Ten on October 10th

By The Associated Press Stocks dropped Wednesday after disappointing reports from Alcoa, the aluminum company, and Chevron. Alcoa cut its demand forecast for the year, mostly because of a slowdown in China. Chevron said slumping oil prices and production would hurt earnings. The Dow Jones

News Summary: Stocks fall after 2 bad reports

Submitted by Fox First at Ten on October 10th

By The Associated Press TWO BAD REPORTS: Alcoa beat Wall Street earnings estimates but cut its demand expectation for the year, mostly because of a slowdown in China. Chevron said slumping oil prices and production would hurt its earnings. STOCKS FALL: The Dow Jones industrial average, which

Dow off 128 after weak reports from Alcoa, Chevron

Submitted by Fox First at Ten on October 10th

NEW YORK (AP) - The Dow Jones industrial average is finishing sharply lower after downbeat reports from two stocks in the average, Alcoa and Chevron. Alcoa, the aluminum company, beat Wall Street earnings estimates on Tuesday night but cut its demand expectation for the year, mostly because of a

Gold holds, but platinum and palladium down

Submitted by Fox First at Ten on October 10th

NEW YORK (AP) - The price of gold held steady Wednesday on a rough day for the broader financial markets. The prices of palladium and platinum, which depend on global economic strength, dropped. Gold for December delivery rose 10 cents an ounce to $1,765.10. Stocks fell sharply because of signs of

News Summary: Top China officials to skip IMF

Submitted by Fox First at Ten on October 10th

By The Associated Press CHINA BOWS OUT: China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week. MORE MINOR OFFICIALS: China's official Xinhua news agency published a report that said China's delegations to the

Obama and Romney: Where they stand on the issues

Submitted by Fox First at Ten on October 10th

By CALVIN WOODWARDAssociated Press WASHINGTON (AP) - A look at where Democratic President Barack Obama and Republican presidential rival Mitt Romney stand on a selection of issues, in brief: ABORTION and BIRTH CONTROL: Obama: Supports access to abortion. Health care law requires contraceptives

Obama and Romney: Where they stand on the issues

Submitted by Fox First at Ten on October 10th

By CALVIN WOODWARDAssociated Press WASHINGTON (AP) - A look at where Democratic President Barack Obama and Republican presidential rival Mitt Romney stand on a selection of issues: OBAMA: Abortion and birth control: Supports access to abortion. Health care law requires contraceptives to be

Obama and Romney: Where they stand on the issues

Submitted by Fox First at Ten on October 10th

By CALVIN WOODWARDAssociated Press WASHINGTON (AP) - A look at where Democratic President Barack Obama and Republican presidential rival Mitt Romney stand on a selection of issues: ABORTION and BIRTH CONTROL: Obama: Supports access to abortion. Health care law requires contraceptives to be