Money | MyFOX Spokane

JPMorgan traders may have sought to conceal losses

Submitted by Fox First at Ten on July 13th

By DANIEL WAGNER and PALLAVI GOGOIAP Business Writers NEW YORK (AP) - JPMorgan Chase said Friday that its traders may have tried to conceal the losses from a soured bet that has embarrassed the bank and cost it almost $6 billion - far more than its CEO first suggested. The bank said an internal

Summary Box: Netflix still hurting from price hike

Submitted by Fox First at Ten on July 13th

By The Associated Press HAUNTED BY HIGHER PRICES: Netflix's stock price remains more than 70 percent below its peak one year after the video subscription service enraged customers by raising its prices by as much as 60 percent. GROWTH REVIVED: After initially losing 800,000 subscribers in the

Fugitive in Wash. bunker recorded video of plans

Submitted by Fox First at Ten on July 12th

By GENE JOHNSONAssociated Press BURIEN, Wash. (AP) - Before he killed his wife and teen daughter and retreated to a remote bunker in Washington's Cascade Mountains, Peter Keller recorded a video explaining his mindset: He was bored. "It's getting to the point where just trying to live and

Police Begin Cataloguing Hundreds of Items Seized in Alleged Prostitution Bust

Submitted by Fox First at Ten on July 12th

AIRWAY HEIGHTS, Wash. - Three days after law enforcement raided eight Spokane spas and the homes of six spa owners in a coordinated effort dubbed "Operation Redlight", the lead police agency still has their hands full building their case. On Thursday, Airway Heights Police - who led the nearly 14-

Parents seek limits on restraining special-ed kids

Submitted by Fox First at Ten on July 12th

By ANDRES GONZALEZAssociated Press WASHINGTON (AP) - Parents urged Congress on Thursday to limit the ability of state school systems to have special education students physically restrained while in class. The Senate Committee on Health, Education, Labor and Pensions convened a hearing Thursday

Money market fund assets rise to $2.551 trillion

Submitted by Fox First at Ten on July 12th

NEW YORK (AP) - Total U.S. money market mutual fund assets rose $18.56 billion to $2.551 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday. Assets of the nation's retail money market mutual funds fell $1.56 billion to $886.34 billion, the Washington-

Price hike still haunts Netflix stock 1 year later

Submitted by Fox First at Ten on July 12th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Netflix is more popular among couch potatoes than investors a year after its polarizing decision to raise U.S. prices for video subscription services. The unexpected twist that Netflix unveiled a year ago Thursday triggered mass customer

Thousands fall victim to utility payment scam

Submitted by Fox First at Ten on July 12th

By SCOTT BAUERAssociated Press MADISON, Wis. (AP) - As much as President Barack Obama wants your vote, he's not actually offering to pay your monthly bills. But thousands of Americans have been persuaded otherwise, falling victim to a fast-moving scam that claims to be part of an Obama

News Summary: Global drug spending rising slower

Submitted by Fox First at Ten on July 12th

By The Associated PressBy The Associated Press MEDICINE SALES: Worldwide spending on medicine will increase at a slower pace over the next four years, health data firm IMS Health forecasts. Many big-selling drugs are losing patent protection at the same time insurers and government health

Senate rejects Dem, GOP business tax cut bills

Submitted by Fox First at Ten on July 12th

By ALAN FRAMAssociated Press WASHINGTON (AP) - The Senate on Thursday rejected rival Democratic and Republican plans for cutting taxes on businesses, with both parties refusing to yield ground in their election-year struggle over how best to spark the economy. Each side said the other's bill