Money | MyFOX Spokane

HSBC to pay $1.9B to settle money-laundering case

Submitted by Fox First at Ten on December 11th

By By PETE YOST and PAN PYLASAssociated Press LONDON (AP) - HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank by

5 things to know about Mich. right-to-work bills

Submitted by Fox First at Ten on December 11th

By By JEFF KAROUBAssociated Press LANSING, Mich. (AP) - Here are five things to know about right-to-work legislation approved by the Michigan Legislature and signed into law by Gov. Rick Snyder: THE NAME IS MISLEADING It isn't about a right to work but rather a right for workers to choose

Strauss-Kahn, NYC hotel maid settle her lawsuit

Submitted by Fox First at Ten on December 11th

By By JENNIFER PELTZAssociated Press NEW YORK (AP) - When a settlement ended the last legal fallout from the sexual assault allegation that sank his political career, Dominique Strauss-Kahn kept his distance. The former International Monetary Fund leader, once seen as a promising

Fed likely to revamp bond purchases to aid economy

Submitted by Fox First at Ten on December 11th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The Federal Reserve is expected to announce a revamped bond-buying plan Wednesday to maintain its support for the U.S. economy. The Fed's goal would be to keep downward pressure on long-term interest rates and encourage

A look at money laundering settlements since 2009

Submitted by Fox First at Ten on December 11th

By By The Associated Press British banking giant HSBC will pay a record $1.9 billion to settle a money-laundering probe by U.S. federal and state authorities, a law enforcement official said Monday. The probe of Europe's largest bank by market value has focused on the transfer of billions

Spokane City Council Voting On Cuts To Police, Fire

Submitted by Fox First at Ten on December 11th

SPOKANE, Wash – Facing a $10 million dollar budget shortfall, Spokane Mayor David Condon proposed a no-growth budget for 2013, which meant steep cuts to city services. Among them, 100 positions were eliminated throughout the city. The Mayor says 65 of them were already vacant,

Spokane City Council Voting On Cuts To Police, Fire

Submitted by Fox First at Ten on December 11th

Fla. woman found guilty of murder in lottery death

Submitted by Fox First at Ten on December 11th

By By KATHY WINGARDAssociated Press TAMPA, Fla. (AP) - A woman was convicted Monday of first-degree murder in the slaying of a lottery winner in central Florida and sentenced to mandatory life without parole by a judge who called her "cold, calculating and cruel." Dorice "Dee Dee" Moore showed

Ex-Elmo puppeteer Kevin Clash sued by fourth accuser

Submitted by Fox First at Ten on December 11th

By Kate Stanhope, Kevin Clash, the longtime voice of Elmo who stepped down last month, has been sued by a fourth accuser who alleges that while he was a minor he also had a sexual relationship with the Sesame Street puppeteer, TMZ reports.

RNC looking into what went wrong in 2012

Submitted by Fox First at Ten on December 11th

By By PHILIP ELLIOTTAssociated Press WASHINGTON (AP) - The Republican National Committee on Monday announced an inquiry to look at what went wrong in 2012's presidential election and how the GOP can respond to the nation's shifting demographics and adopt smarter political strategies.