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Merck 3Q profit up 2 pct despite sales decline

Submitted by Fox First at Ten on October 26th

By LINDA A. JOHNSONAP Business Writer Drugmaker Merck & Co. said Friday that third-quarter profit rose 2 percent as lower spending and taxes, plus sales growth for several key medicines, offset new generic competition slashing sales for its top-selling drug, Singulair. The maker of diabetes

Romney, Obama teams plan for who takes White House

Submitted by Fox First at Ten on October 26th

By JOSH LEDERMANAssociated Press WASHINGTON (AP) - It's the defining ritual of American democracy: the peaceful transfer of presidential power. Though the outcome of the White House race is still days away, planning for the transfer is well under way. As Republican Mitt Romney leapfrogs

China blocks New York Times website after article

Submitted by Fox First at Ten on October 26th

BEIJING (AP) - China blocked access to The New York Times website Friday after the paper published a lengthy article claiming the family of Premier Wen Jiabao has amassed assets worth $2.7 billion through a web of investments. The report said most of Wen's family's wealth was accumulated

Toyota widens global sales lead over GM

Submitted by Fox First at Ten on October 26th

By TOM KRISHER and YURI KAGEYAMAAP Business Writers DETROIT (AP) - Toyota has widened its global sales lead over General Motors after bouncing back from a series of natural disasters. The company said Friday it sold 7.4 million vehicles globally in the first nine months of this year - 450,000

American economy expands at modest 2 percent pace

Submitted by Fox First at Ten on October 26th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The latest snapshot of economic growth shows the U.S. recovery remains tepid. Growth in the July-September quarter climbed slightly but was still too weak to stir significantly more hiring. The pace of expansion rose to a 2 percent

American economy expands at modest 2 percent pace

Submitted by Fox First at Ten on October 26th

US futures sharply lower ahead of GDP report

Submitted by Fox First at Ten on October 26th

NEW YORK (AP) - Stock futures are falling sharply before the government provides a peek at U.S. economic growth over the past three months. There are also signs of unease in China, with evidence of a massive flow of money out of the country before a government power shift. Dow Jones industrial

HTC seeks to reverse sliding smartphone sales

Submitted by Fox First at Ten on October 26th

By ANNIE HUANGAssociated Press TAIPEI, Taiwan (AP) - Taiwan's HTC Corp. enjoyed three golden years as the first company to make smartphones based on Google's Android software. Now, it is struggling to halt a slide in sales and keep its status as a global brand in a market increasingly

Car bombs, violence mar Syria's shaky truce

Submitted by Fox First at Ten on October 26th

By KARIN LAUB and ZEINA KARAMAssociated Press BEIRUT (AP) - Two deadly car bombs and sporadic fighting marred a shaky holiday truce Friday in Syria, although thousands of protesters used the brief respite in the civil war to pour into the streets and demand President Bashar Assad's ouster.

Toyota global vehicle sales up 28 pct in Jan-Sept

Submitted by Fox First at Ten on October 26th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Toyota sold 7.4 million vehicles around the world in the first nine months of the year, up 28 percent from a year earlier, but its strong growth faces headwinds from a sales plunge in China that could unseat it as the world's top automaker.