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Business Highlights

Submitted by Fox First at Ten on July 27th

By The Associated Press ___ Unemployment could stay high as US economy slows WASHINGTON (AP) - High unemployment isn't going away - not as long as the economy grows as slowly as it did in the April-June quarter. Weak consumer spending held growth to an annual rate of just 1.5 percent, even

IDC: Samsung extends lead in smartphones

Submitted by Fox First at Ten on July 27th

By ANICK JESDANUNAP Technology Writer NEW YORK (AP) - Samsung has extended its lead over Apple in smartphones, in part because its new Galaxy phones came out before Apple updated its iPhone, research group IDC said Friday. Samsung's Galaxy S3 phones got good reviews when it was released

How chips, PCs, services companies are faring

Submitted by Fox First at Ten on July 23rd

By The Associated Press On Monday, Texas Instruments was the latest tech company blaming economic conditions in reporting its results or outlook. Here's a look at how selected companies providing computers, components, services and related software are faring: - July 5: Seagate Technology

Business Highlights

Submitted by Fox First at Ten on July 23rd

By The Associated Press ___ 2nd triple-digit loss for Dow in 2 days NEW YORK (AP) - Fear that Spain may need a bailout sent its borrowing costs soaring, the euro to a two-year low against the dollar and stocks around the world tumbling as investors pulled back Monday from all manner of risk.

US wins dispute with China over payment services

Submitted by Fox First at Ten on July 16th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The United States has won a trade dispute with China over that country's treatment of foreign companies that process credit card payments and other electronic transactions. U.S. officials said Monday that the ruling by the Geneva-

Oil price rises on stimulus hopes

Submitted by Fox First at Ten on July 16th

By CHRIS KAHNAP Energy Writer NEW YORK (AP) - Oil prices climbed for a fourth day on hopes that the Federal Reserve will take additional steps to prop up the economy. Benchmark U.S. crude on Monday rose $1.33 to end at $88.43 per barrel in New York, while Brent crude rose by $1.95 to finish at $

IMF cuts China forecast, 'hard landing' possible

Submitted by Fox First at Ten on July 16th

By JOE McDONALDAP Business Writer BEIJING (AP) - The International Monetary Fund cut its growth forecast for China's slowing economy Monday and said a "hard landing" was still possible. The IMF reduced its China growth outlook for 2012 by 0.2 percentage point to 8 percent and for 2013 by 0.3

IMF predicts slower economic growth for world, US

Submitted by Fox First at Ten on July 16th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The global economy will grow more slowly over the next two years, according to the International Monetary Fund's latest forecast. And Europe's financial crisis and a potential budget crisis in the United States could slow

Stocks close lower after consumer spending slides

Submitted by Fox First at Ten on July 16th

By BERNARD CONDONAP Business Writer NEW YORK (AP) - Stocks closed lower for the seventh day out of the last eight on Monday after the government reported that U.S. consumers cut their spending last month. The news pushed stocks down from the start of the trading day. Though they recovered a bit

US economy appears weaker as retail sales slump

Submitted by Fox First at Ten on July 16th

By ANNE D'INNOCENZIO and MARTIN CRUTSINGERAP Business Writers WASHINGTON (AP) - The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June. The report led some economists to downgrade their estimates