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Fannie Mae earns $1.8 billion in third quarter

Submitted by Fox First at Ten on November 7th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - Mortgage giant Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices. The government-controlled company said Wednesday that it paid a dividend of $2.9 billion to the U.S.

At London dinner, Merkel urges UK support for EU

Submitted by Fox First at Ten on November 7th

By RAF CASERT and RAPHAEL SATTERAssociated Press LONDON (AP) - Over venison dinner at London's Downing Street, German Chancellor Angela Merkel lobbied one of the European Union's most reluctant members to back a program of integration which would see more powers and more money handed to

On The Call: Time Warner on 'The Hobbit'

Submitted by Fox First at Ten on November 7th

By The Associated Press During a conference call with analysts, Time Warner Inc. was asked about financing for the first of "The Hobbit" movies, which will debut next month. Chief Financial Officer John K. Martin responded by explaining that much of the money has already been spent, with the

Netflix rises on encouraging report, takeover hope

Submitted by Fox First at Ten on November 7th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Netflix's stock emerged as a bright spot Wednesday during a dreary day on Wall Street. It got a boost from signs that the Internet video service is warding off its competition, while many investors are hoping the company's

After defeat, cloudy future ahead for Mitt Romney

Submitted by Fox First at Ten on November 7th

By KASIE HUNT and STEVE PEOPLESAssociated Press BOSTON (AP) - Mitt Romney spent the past six years running for president. After his loss to President Barack Obama, he'll have to chart a different course. His initial plan: spend time with his family. He has five sons and 18 grandchildren, with

NYC man guilty of torching woman, 73, in elevator

Submitted by Fox First at Ten on November 7th

NEW YORK (AP) - A New York City man has pleaded guilty to fatally burning an elderly woman inside the elevator of her apartment building. Prosecutors announced Wednesday that Jerome Isaac had pleaded guilty to first-degree murder, arson and torture in the December 2011 death of Deloris Gillespie in

Taco Bell to offer sweets as part of a snacks menu

Submitted by Fox First at Ten on November 7th

By CANDICE CHOIAP Food Industry Writer NEW YORK (AP) - Taco Bell wants to become destination for snack-starved younger people, not just a place to get burritos for lunch or dinner. The Mexican-style chain plans to announce this week an expansion of its sweet treats menu, with the addition of

News Summary: Greek lawmakers pass austerity bill

Submitted by Fox First at Ten on November 7th

By The Associated Press NEW AUSTERITY: Early Thursday, Greek lawmakers passed new austerity measures that are needed to avoid financial disaster. The vote came hours after hundreds of protesters clashed with Greek riot police and more than 80,000 demonstrated outside Parliament. VITAL BELT-

5 scariest scenarios for retail investors

Submitted by Fox First at Ten on November 7th

By Tim Parker

5 scariest scenarios for retail investors

Submitted by Fox First at Ten on November 7th

By Tim Parker