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Romney's Bain advisers aided China, Russia growth

Submitted by Fox First at Ten on October 10th

By STEPHEN BRAUNAssociated Press WASHINGTON (AP) - As Bain & Co. head in the early 1990s, Mitt Romney presided over the corporate strategy firm's expanding operations into China and Russia, helping their initial attempts to move into the world's free market system. Bain's

Romney's Bain advisers aided China, Russia growth

Submitted by Fox First at Ten on October 10th

Wal-Mart to accelerate small store growth

Submitted by Fox First at Ten on October 10th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Wal-Mart Stores Inc. gave investors what they were looking for: a promise that it will keep delivering strong results even as it becomes more disciplined in its spending on new stores. Its stock hit an all-time high Wednesday, extending a

Dow falls 128, with Chevron and Alcoa leading way

Submitted by Fox First at Ten on October 10th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. The Dow Jones industrial average slumped 128 points, its steepest loss since late June. Alcoa, the

Yum Brands upbeat about China division

Submitted by Fox First at Ten on October 10th

By BRUCE SCHREINERAssociated Press LOUISVILLE, Ky. (AP) - The owner of the Taco Bell, Pizza Hut and KFC chains predicted Wednesday its fast-growing China business will serve up another round of strong profit growth next year despite a slowing economy in its most important overseas market. Yum

Stocks lower as earnings season begins

Submitted by Fox First at Ten on October 10th

NEW YORK (AP) - Stocks are opening lower on Wall Street as the season of corporate earnings reports begins. Just after the Wednesday opening bell, the Dow Jones industrial average is down 20 points at 13,453. The Standard & Poor's 500 index is down a fraction of a point at 1,440. And the

China auto sales fall as Japanese brands shunned

Submitted by Fox First at Ten on October 10th

By JOE McDONALDAP Business Writer BEIJING (AP) - China's auto sales shrank in September as a territorial dispute with Tokyo prompted buyers to avoid Japanese brands, hurting already weakening demand. Sales of passenger vehicles declined 0.3 percent from a year earlier to 1.32 million units

Counterfeit air bags called 'extreme safety risk'

Submitted by Fox First at Ten on October 10th

By JOAN LOWYAssociated Press WASHINGTON (AP) - Thousands of motorists may be driving cars and trucks installed with dangerous counterfeit bags and they should have them replaced at their own expense, the Obama administration warned Wednesday. Most at risk are motorists who have had their

Huge window switch recall hampers Toyota comeback

Submitted by Fox First at Ten on October 10th

By TOM KRISHER and YURI KAGEYAMAAP Business Writers DETROIT (AP) - The largest recall in Toyota's 75-year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. The company recalled 7.43 million cars, trucks and SUVs worldwide

China finance officials to skip Tokyo IMF meeting

Submitted by Fox First at Ten on October 10th

By MALCOLM FOSTERAssociated Press TOKYO (AP) - China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week in an apparent snub to Japan that comes as the two Asian giants remain at odds over a cluster of tiny islands both