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Fidelity issues new retirement savings guidelines

Submitted by Fox First at Ten on September 12th

By DAVE CARPENTERAP Business Writer Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement. In the set of age-based targets released Wednesday, Fidelity says employees should

Fidelity issues new savings guidelines

Submitted by Fox First at Ten on September 12th

By DAVE CARPENTERAP Personal Finance Writer CHICAGO (AP) - Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement. The nation's largest 401(k) administrator released the

US stocks rise, and investors wait for the Fed

Submitted by Fox First at Ten on September 12th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting. The highest court in Germany ruled that the

How the consumer protection bureau raided one firm

Submitted by Fox First at Ten on September 12th

By DANIEL WAGNERAP Business Writer WASHINGTON (AP) - As it announced its first big enforcement action against Capital One Financial this summer, the Consumer Financial Protection Bureau was preparing to raid a California company that had offered to help lower at-risk homeowners' monthly

Commission wants ECB to supervise all euro banks

Submitted by Fox First at Ten on September 12th

By SARAH DiLORENZOAP Business Writer STRASBOURG, France (AP) - The European Central Bank should be given the power to supervise all the banks in the 17 countries that use the euro and also be able to fine institutions, the European Union's executive said Wednesday. The creation of a single

Top EU official: greater political union is needed

Submitted by Fox First at Ten on September 12th

By SARAH DiLORENZOAP Business Writer STRASBOURG, France (AP) - European Union officials are asking national governments to give up control of their banks as they try to pull the region closer together to solve its crippling financial crisis. In a proposal that represents one the most

Nev. air race goes on 1 year after deadly crash

Submitted by Fox First at Ten on September 12th

By SCOTT SONNERAssociated Press RENO, Nev. (AP) - The vintage World War II fighters roaring out of the Valley of Speed are as loud as ever, their colorful paint jobs as bright as the enthusiasm of the loyal aviation buffs who fill the grandstands in Reno. But it's not exactly business as

Stubborn wildfires vex crews in Northwest, Calif.

Submitted by Fox First at Ten on September 12th

By SHANNON DININNYAssociated Press WENATCHEE, Wash. (AP) - Firefighters battled stubborn blazes that kept residents from homes in Montana, Wyoming and Washington as authorities worried the weather could worsen the volatile situation. High temperatures, lower humidity and greater instability

US Navy medical care boosts ties, image in Asia

Submitted by Fox First at Ten on September 12th

By AUDREY McAVOYAssociated Press PEARL HARBOR, Hawaii (AP) - The U.S. Navy is spending more than $20 million each year sending ships to poorer nations in the Asian-Pacific region to provide cataract surgery, dental fillings and other medical care. The Navy and its sailors are more often

Clinton subdued in return to campaign trail

Submitted by Fox First at Ten on September 12th

By JULIE PACEAssociated Press ORLANDO, Fla. (AP) - The free-wheeling and fiery Bill Clinton who stole the show at the Democratic Party's convention showed up in Florida this week far more subdued. The former president's temperament appeared designed to match the moment. Clinton's