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Potent form of common child illness deadly in Asia

Submitted by Fox First at Ten on July 12th

By MARGIE MASONAP Medical Writer HANOI, Vietnam (AP) - Tran Minh Giang has spent more than a third of his young life in a Vietnamese hospital, and it could be many months more before he can go home. All for a disease that in Asia is as common as chicken pox, and usually about as severe. The 20-

France's PSA Peugeot-Citroen slashing 8,000 jobs

Submitted by Fox First at Ten on July 12th

By JEAN-MARIE GODARDAssociated Press PARIS (AP) - Struggling French carmaker PSA Peugeot-Citroen, facing diving sales in crisis-hit southern Europe, announced a drastic cost-cutting plan Thursday to slash 8,000 jobs in France and close a major factory north of Paris, shocking workers and

Cheney: Romney 'only' man for foreign policy

Submitted by Fox First at Ten on July 12th

By KASIE HUNTAssociated Press WILSON, Wyo. (AP) - Former Vice President Dick Cheney told Republican fundraisers Thursday night that Mitt Romney is the "only" man who can make the right decisions in unexpected foreign policy crises. The presumptive 2012 Republican presidential nominee called

US, China square off over South China Sea

Submitted by Fox First at Ten on July 12th

By BRADLEY KLAPPERAssociated Press PHNOM PENH, Cambodia (AP) - The Obama administration pressed Beijing on Thursday to accept a code of conduct for resolving territorial disputes in the resource-rich South China Sea, a difficult U.S. mediation effort that has faced resistance from the communist

South Korea unexpectedly lowers key policy rate

Submitted by Fox First at Ten on July 12th

By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - South Korea's central bank unexpectedly lowered its key interest rate on Thursday, urgently attempting to guard Asia's fourth-largest economy against Europe's persistent debt woes and slowing growth in China. The Bank of

News Summary: US trade deficits narrows in May

Submitted by Fox First at Ten on July 11th

By The Associated Press DEFICIT NARROWS: The U.S. trade deficit dipped to $48.7 billion in May, a drop of 3.8 percent from the May deficit of $50.6 billion. EXPORTS AND IMPORTS: Exports rose 0.2 percent to $183.1 billion, the second highest level on record, with stronger sales to the 27-nation

Merchant prince Marvin Traub dead at 87

Submitted by Fox First at Ten on July 11th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Marvin Traub, a merchant prince and former CEO of Bloomingdale's, who transformed the department store chain into an international powerhouse, died at his home in Manhattan on Wednesday. He was 87. The cause was bladder cancer,

As Olympics near, P&G ramps up marketing effort

Submitted by Fox First at Ten on July 11th

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - If a gold medal could be awarded for Olympic marketing, Procter & Gamble would surely be striving for it. With the opening ceremony of the Olympics two weeks away, the world's largest consumer products maker on Wednesday is unveiling an ad

More Fed members seem open to taking further steps

Submitted by Fox First at Ten on July 11th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - A growing number of Federal Reserve officials are open to taking further action to support the struggling U.S. economy. But minutes of the Fed's latest meeting show policymakers at odds over whether the economy needs more help now. At

Oil prices bounce back near $86

Submitted by Fox First at Ten on July 11th

By CHRIS KAHNAP Energy Writer NEW YORK (AP) - The price of oil rose more than 2 percent Wednesday after the Federal Reserve released a report that signaled it may take further steps to lift the economy. China also reported strong auto sales for last month, and the U.S. said crude supplies