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Justice reaches settlement with Penguin on e-books

Submitted by Fox First at Ten on December 18th

By JESSE J. HOLLANDAssociated Press WASHINGTON (AP) - The Justice Department announced Tuesday it has reached a settlement with Penguin Group (USA) Inc. in its lawsuit accusing the nation's largest book publishers of colluding with Apple Inc. to raise e-book prices on customers. The settlement

Arbitrator: Beauty queen defamed pageant, owes $5M

Submitted by Fox First at Ten on December 18th

NEW YORK (AP) - A beauty queen who claimed this year's Miss USA contest was fixed has been ordered to pay the pageant organization $5 million for defamation. In a decision signed last week, an arbitrator found that the comments from Miss Pennsylvania USA Sheena Monnin were false, harmful and

Ireland rejects latest Ryanair bid for Aer Lingus

Submitted by Fox First at Ten on December 18th

By SHAWN POGATCHNIKAssociated Press DUBLIN (AP) - The Irish government announced Tuesday it won't sell its 25 percent stake in Aer Lingus to Ryanair because a merged airline would be likely to undermine competition and jobs at the former state carrier. The decision by Ireland's full Cabinet

Stocks gain on optimism that a budget deal is near

Submitted by Fox First at Ten on December 18th

By STEVE ROTHWELLAP Business Writer NEW YORK (AP) - Stocks climbed on Wall Street Tuesday, pushing the Standard and Poor's 500 to its highest level in two months, on optimism that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the

US homebuilder confidence at 6 1/2-year high

Submitted by Fox First at Ten on December 18th

By ALEX VEIGAAP Real Estate Writer LOS ANGELES (AP) - Confidence among U.S. homebuilders inched up this month, to the highest level in more than six and a half years, as builders reported the best market for newly built homes since the housing boom. The National Association of Home Builders/Wells

Smartphone makers post wins on separate continents

Submitted by Fox First at Ten on December 18th

By PAUL ELIASAssociated Press SAN FRANCISCO (AP) - Apple and Samsung, the world's top two smartphone makers, each scored a significant victory on different continents that will allow both to keep selling their products without legal interference this holiday season. A federal judge in San Jose

Right-to-work Nevada a rare bright spot for labor

Submitted by Fox First at Ten on December 17th

By By NICHOLAS RICCARDIAssociated Press The future of the American labor movement may lie just off the Las Vegas Strip, inside a squat building huddled in the shadow of the Stratosphere casino. That's the home of the Culinary Workers Local 226, a fast-growing union of hotel and casino

Economic implications of Japan's election

Submitted by Fox First at Ten on December 16th

By By The Associated Press TOKYO (AP) - Many in Japan are hoping that the landslide victory of the opposition Liberal Democrats and trouncing of the Democratic Party in Sunday's parliamentary election will help the country break out of a 20-year economic slump. Here is a summary of the

Zuma asks South Africa's ANC to keep him as leader

Submitted by Fox First at Ten on December 16th

By By JON GAMBRELLAssociated Press JOHANNESBURG (AP) - South African President Jacob Zuma acknowledged Sunday that corruption and violence have marred the image of the African National Congress under his watch, but called on members to again support him to be the political party's leader.

SAfrica's ANC party to choose leader amid turmoil

Submitted by Fox First at Ten on December 15th

By By JON GAMBRELLAssociated Press JOHANNESBURG (AP) - South Africa's governing African National Congress political party will return to where it was first formed to fight apartheid a century ago to pick its next leader, at a time some believe the movement is struggling to regain its moral