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Slovenia PM: No bailout needed

Submitted by Fox First at Ten on September 28th

By RON DePASQUALEAssociated Press UNITED NATIONS (AP) - Slovenia's prime minister insisted that the Alpine nation does not need a bailout from the European Union, despite a crippling banking crisis that has unnerved investors and caused political gridlock. Prime Minister Janez Jansa said

China takes aim at Japan over island dispute at UN

Submitted by Fox First at Ten on September 28th

UNITED NATIONS (AP) - China and Japan traded angry accusations in a late-night spat over a small group of islands in the East China Sea that both claim. It started when Chinese Foreign Minister Yang Jiechi accused Japan of "grossly violating" Chinese sovereignty by its purchase of the islands. He

Japan industrial output, core CPI fall in August

Submitted by Fox First at Ten on September 28th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's manufacturing contracted further in August, dropping 1.3 percent from the previous month on weakening auto and electronics output, as anti-Japanese riots in China darkened an already bleak outlook for both economies. Data released

Business Highlights

Submitted by Fox First at Ten on September 27th

By The Associated Press ___ Data suggest US economy growing only modestly WASHINGTON (AP) - A spate of data Thursday painted a mixed picture of the U.S. economy: Demand for long-lasting manufactured goods fell, and slightly fewer people signed contracts to buy homes. At the same time, the job

How makers of phones and tablets are faring

Submitted by Fox First at Ten on September 27th

By The Associated Press Many companies including Nokia and Research in Motion have been struggling to compete with Apple and manufacturers of devices running Google's Android software. That shows in some of the earnings reports released so far for the latest quarter. Here's a look at

News Summary: Nike 1st-quarter net income falls

Submitted by Fox First at Ten on September 27th

By The Associated Press THE NEWS: Nike said Thursday that its fiscal first-quarter net income fell 12 percent as higher sales of its clothing and footwear brands was offset by higher costs and increased ad spending. Revenue rose 10 percent to $6.67 billion. THE CONTEXT: Nike, like other

Recall news

Submitted by Fox First at Ten on September 27th

By The Associated Press The following recalls have been announced: ____ WOOD CLEANER AND BRIGHTENER DETAILS: Wood Cleaner and Wood Brightener with spray pumps manufactured by Cabot Stains, a division of Valspar Corp., of Newburyport, Mass.; sold at Ace Hardware, Do It Best, Farm & Fleet,

Nike 1st quarter net income falls

Submitted by Fox First at Ten on September 27th

By MAE ANDERSON NEW YORK (AP) - Nike said Thursday its fiscal first-quarter net income fell 12 percent as the boost from higher sales was offset by increased costs and ad spending. At the same time, the company is facing a slowdown of future orders of its products, particularly in China. The

First gain of week for stocks

Submitted by Fox First at Ten on September 27th

NEW YORK (AP) - Stocks have finally broken their losing streak. The Dow Jones industrial average is ending the day up 72 points at 13,486. The Standard & Poor's 500 index is closing up 14 at 1,447. And the Nasdaq composite index finishes the day up 43 at 3,136. It's the first gain in

News Summary: Gold rises on Spain's austerity plan

Submitted by Fox First at Ten on September 27th

By The Associated Press GOLDEN MOVE: Gold surged after Spain unveiled a round of budget cuts that raised expectations the country soon could seek bailout money. The price is up about 13 percent this year. WATCHING CHINA: China said total profits for its biggest industrial companies fell in