Recovery | MyFOX Spokane

Markets rise on Spain bailout hopes

Submitted by Fox First at Ten on September 21st

By PAN PYLASAP Business Writer LONDON (AP) - Spanish stocks led a recovery in global markets Friday amid speculation the country was preparing to tap a new European aid program, a day after uncertainty about the fragile world economy dented investor sentiment. Market confidence was shored up

3 investments to endure 3 more years of low rates

Submitted by Fox First at Ten on September 20th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - Risk-averse investors, prepare to be disappointed a good while longer. Expect interest rates to remain low at least three more years, with investments earning very little unless you're willing to accept plenty of risk. Money-market

Bank of England chief: UK economic recovery slow

Submitted by Fox First at Ten on September 20th

LONDON (AP) - Bank of England Governor Mervyn King says Britain's economy is recovering slowly and any return to normal will take a long time. In an interview with Britain's Channel 4 News on Thursday, King said the eurozone crisis has cast a "black cloud of uncertainty" over global

US economy hobbled by weak hiring, manufacturing

Submitted by Fox First at Ten on September 20th

By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGERAP Economics Writers WASHINGTON (AP) - A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs. The number of people seeking unemployment benefits last week stayed near a level that signals only weak

Mayor out, Central Falls, RI, looks to start anew

Submitted by Fox First at Ten on September 20th

By ERIKA NIEDOWSKIAssociated Press CENTRAL FALLS, R.I. (AP) - The motto of Rhode Island's smallest and most distressed municipality - "A City With a Bright Future" - just got renewed meaning. That's what officials said one day after the mayor resigned and agreed to plead guilty to a

Rate on 30-year mortgage falls to record 3.49 pct.

Submitted by Fox First at Ten on September 20th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record. The declines followed the Federal Reserve announcement last week that it would buy bonds to try to push

Rate on 30-year mortgage falls to record 3.49 pct.

Submitted by Fox First at Ten on September 20th

Poland urges Ukraine to make East-West choice

Submitted by Fox First at Ten on September 20th

By MARIA DANILOVAAssociated Press KIEV, Ukraine (AP) - Polish President Bronislaw Komorowski urged Ukraine's leader on Thursday to push for integration with the European Union, but acknowledged that a key obstacle is the country's jailing of its former premier, Yulia Tymoshenko. After

US stocks follow global markets lower

Submitted by Fox First at Ten on September 20th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - A batch of worrying economic figures tugged stock markets slightly lower Thursday. Measures of manufacturing and business activity in both China and Europe slumped. In the U.S., the railroad Norfolk Southern warned that it's shipping fewer

Has US economy bottomed out? Census suggests yes

Submitted by Fox First at Ten on September 20th

By HOPE YENAssociated Press WASHINGTON (AP) - The U.S. economy is showing signs of finally bottoming out: Americans are on the move again after record numbers had stayed put, more young adults are leaving their parents' homes to take a chance with college or the job market, once-sharp declines