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Russian oligarchs foot most of 2014 Sochi Olympics

Submitted by Fox First at Ten on May 20th

By NATALIYA VASILYEVAAP Business Writer SOCHI, Russia (AP) - The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter

Cambodian shoe factory accident kills 2, injures 7

Submitted by Fox First at Ten on May 16th

By SOPHENG CHEANGAssociated Press PHNOM PENH, Cambodia (AP) - The ceiling of a shoe factory in Cambodia collapsed while several dozen workers were inside the building early Thursday, killing at least two people and possibly trapping more under the debris, police said. The ceiling is believed to

Trade group slams safety pact for Bangladesh

Submitted by Fox First at Ten on May 16th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted by special interests. The

Donald Trump testifies at Chicago trial

Submitted by Fox First at Ten on May 14th

By MICHAEL TARMAssociated Press CHICAGO (AP) - A sometimes prickly, sometimes boastful Donald Trump testified Tuesday at a civil trial where the developer-turned-TV personality is accused of using false promises to entice an 87-year-old investor into buying condos at his namesake Chicago skyscraper

Chains grapple with how to improve safety

Submitted by Fox First at Ten on May 14th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - While several more global clothing chains on Tuesday were announcing that they agreed to a historic pact to improve factory conditions in Bangladesh, U.S. retailers were scrambling to come up with their own safety plans. A total of more than

Benetton agrees to sign Bangladesh safety pact

Submitted by Fox First at Ten on May 14th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Benetton has become the latest global retailer to agree to sign a one-of-a-kind pact to improve safety at Bangladesh factories following a building collapse that killed more than 1,100 workers in the country last month. The move, announced by

Big retailers back safety accord in Bangladesh

Submitted by Fox First at Ten on May 13th

NEW YORK (AP) - Four of the world's biggest retailers agreed to sign a pact to improve safety at garment factories in Bangladesh nearly three weeks after more than 1,100 workers died in a building collapse in the country. H&M, C&A, Primark and Inditex, owner of the Zara chain, on Monday

Big retailers back safety accord in Bangladesh

Submitted by Fox First at Ten on May 13th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Some of the world's largest retailers have agreed to a first-of-its-kind pact to improve safety at some of Bangladesh's garment factories following a building collapse that killed more than 1,100 workers in the country last month. The

German finance minister suggests 2-step bank union

Submitted by Fox First at Ten on May 13th

By GEIR MOULSONAssociated Press BERLIN (AP) - Germany's finance minister has called for caution as the European Union draws up plans to wind up failing banks, suggesting that the 27-country group risks losing credibility if it tries to set up a central rescue agency without changing the EU'

Bangladesh plans to raise pay for garment workers

Submitted by Fox First at Ten on May 12th

By FARID HOSSAINAssociated Press DHAKA, Bangladesh (AP) - Bangladesh's government plans to raise the minimum wage for garment workers after the deaths of more than 1,100 people in the collapse of a factory building focused attention on the textile industry's dismal pay and hazardous working