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Oil price steady on Chinese manufacturing survey

Submitted by Fox First at Ten on October 24th

By PABLO GORONDIAssociated Press The price of oil hovered under $87 a barrel Wednesday as hopes that the slowdown in Chinese manufacturing might be stabilizing helped shore up sentiment across financial markets. By early afternoon in Europe, benchmark oil for December delivery was down 12 cents

Prison, $7 billion fine for French rogue trader

Submitted by Fox First at Ten on October 24th

By ELAINE GANLEYAssociated Press PARIS (AP) - A former junior trader for France's second-largest bank who was ordered Wednesday to pay back a staggering €4.9 billion (about $7 billion) in damages to his ex-employer is painting himself as the victim of a financial system that runs on greed.

Prison, $7 billion fine for French rogue trader

Submitted by Fox First at Ten on October 24th

LG Electronics post profit on smartphone sales

Submitted by Fox First at Ten on October 24th

By YOUKYUNG LEEAP Technology Writer SEOUL, South Korea (AP) - South Korean consumer electronics maker LG Electronics Inc. reported a third straight quarterly profit on Wednesday as sales of smartphones designed for faster wireless networks helped end losses at its mobile phone business. LG

Expectations low for any major Fed moves this week

Submitted by Fox First at Ten on October 24th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Six weeks after rolling out a bold plan to boost the U.S. economy, the central bank is meeting again amid low expectations for further help. Private economists believe the Fed will send a simple message after its two-day meeting that it

Gov't consumer watchdog to oversee debt collectors

Submitted by Fox First at Ten on October 24th

By DANIEL WAGNERAP Business Writer WASHINGTON (AP) - Expanding its reach, the government's consumer finance watchdog agency will monitor the day-to-day operations of big debt-collection companies, the agency said Wednesday. It is the first time that debt collectors have been subject to

Initiative 502

Submitted by Fox First at Ten on October 24th

Washington - Initiative 502 means legalizing marijuana and a tax revenue for the state but could also mean more crime. If passed, the initiative would change our state law for marijuana and allow the state liquor control board to regulate and tax marijuana for people over the age of

Utah GOP activist charged with rape found dead

Submitted by Fox First at Ten on October 24th

SALT LAKE CITY (AP) - A Republican activist charged with raping five women apparently committed suicide Tuesday at the Heber cabin where the crimes allegedly took place, sheriff's officials said. Two bail bond agents were dispatched to the cabin Tuesday to check on Gregory Nathan Peterson

Survey shows China's manufacturing improving

Submitted by Fox First at Ten on October 24th

By JOE McDONALDAP Business Writer BEIJING (AP) - China's manufacturing improved this month, adding to signs a recovery might be taking shape after a sharp slump in the world's No. 2 economy. A preliminary version of HSBC's monthly purchasing managers' index rose to a three-month

On the Call: Facebook CEO Mark Zuckerberg

Submitted by Fox First at Ten on October 24th

By The Associated Press Facebook Inc. posted stronger than-expected results for the third quarter on Tuesday, sending its shares sharply higher in after-hours trading. The company saw advertising revenue growth accelerate from the second quarter, and for the first time it gave details on how