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My Fox Spokane Biz

British sailor dies during America's Cup practice

British sailor dies during America's Cup practice
By SUDHIN THANAWALA and TERRY COLLINSAssociated Press SAN FRANCISCO (AP) - A 72-foot-long, high-tech catamaran sailboat capsized Thursday in San Francisco Bay while practicing for the America's Cup races this summer, killing an Olympic gold medalist from England and injuring another sailor,

Obama to open middle-class jobs, opportunity tour

Obama to open middle-class jobs, opportunity tour
By DARLENE SUPERVILLEAssociated Press WASHINGTON (AP) - Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over

Obama to open middle-class jobs, opportunity tour

Obama to open middle-class jobs, opportunity tour
By DARLENE SUPERVILLEAssociated Press WASHINGTON (AP) - Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over

Obama, in Texas, presses middle-class jobs agenda

Obama, in Texas, presses middle-class jobs agenda
By DARLENE SUPERVILLEAssociated Press AUSTIN, Texas (AP) - Offering a more upbeat view of the economy, President Barack Obama resurrected his jobs proposals Thursday, advancing modest initiatives as he pushed for action on more ambitious efforts that face resistance from congressional Republicans

Sony back in black on cheap yen, healthier sales

Sony back in black on cheap yen, healthier sales
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Sony Corp. is back in the black for its fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings. The Japanese electronics and entertainment company also dragged itself

Sony back in black on cheap yen, healthier sales

Sony back in black on cheap yen, healthier sales
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Sony Corp. is back in the black for its fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings. The Japanese electronics and entertainment company also dragged itself

SKorea's central bank cuts key rate to 2.5 percent

SKorea's central bank cuts key rate to 2.5 percent
By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - South Korea's central bank on Thursday cut its benchmark interest rate for the first time in seven months, joining government efforts to boost the export-reliant economy as manufacturers such as Hyundai Motor Co. face tougher

Need cash? Your biggest competitor is offering - for a price

Need cash? Your biggest competitor is offering - for a price
By Jeremy Quittner Every small business worries about having its lunch eaten by its largest competitors. So it's a big step to go from eyeing your most formidable competition warily to depending on them as a source of financing. Although banks are beginning to re-open the spigots now for small

Mexico push for easier foreclosures, cheaper loans

Mexico push for easier foreclosures, cheaper loans
By MARK STEVENSONAssociated Press MEXICO CITY (AP) - Mexico's government proposed a sweeping overhaul of the banking sector Wednesday to make credit cheaper and more available, a move desperately needed in a country where bank loans represent less than 20 percent of GDP - one-tenth the level

Ferguson key in Man U's financial transformation

Ferguson key in Man U's financial transformation
By PAN PYLASAssociated Press LONDON (AP) - Manchester United and Sir Alex Ferguson. Apple and Steve Jobs. Will one of the world's most recognized soccer clubs face the same challenges the world's technology darling did after the departure of its iconic leader? The announcement Wednesday