Recovery | MyFOX Spokane

US economic news shores up markets

Submitted by Fox First at Ten on April 16th

By PAN PYLASAP Business Writer LONDON (AP) - A run of positive U.S. economic and corporate news shored up markets Tuesday a day after investors were spooked by big falls in commodity prices - notably gold - as well as growing concern over the U.S. and China, the world's two-largest economies.

SKorea plans $15 bln extra budget to boost economy

Submitted by Fox First at Ten on April 16th

By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - South Korea's government announced a $15.3 billion stimulus plan Tuesday to boost slowing growth in Asia's fourth-largest economy. The stimulus would be South Korea's third-largest supplementary budget ever, exceeded only by

Boy feared dead after falling in glacier crevasse

Submitted by Fox First at Ten on April 15th

FAIRBANKS, Alaska (AP) - A 9-year-old boy on a snowmobile is feared dead after falling an estimated 200 feet into a crevasse on an Alaska glacier. Climbers descended into the hole and spotted the snowmobile driven by Shjon Brown of Fairbanks. The Fairbanks Daily News-Miner (http://bit.ly/117V7nz)

Asian stock markets drop as China growth slows

Submitted by Fox First at Ten on April 15th

By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - Asian stock markets sank Monday as China's slower-than-expected economic growth and disappointing U.S. retail sales weighed on investor sentiment. The world's second-largest economy expanded 7.7 percent over a year earlier in the

China's economic growth slows in first quarter

Submitted by Fox First at Ten on April 15th

By JOE McDONALDAP Business Writer BEIJING (AP) - China's economic growth slowed unexpectedly in the first three months of the year, fueling concern about the strength of its shaky recovery. The world's second-largest economy grew by 7.7 percent over a year earlier, down from the previous

Kobe out for season with torn Achilles tendon

Submitted by Fox First at Ten on April 13th

By GREG BEACHAMAP Sports Writer EL SEGUNDO, Calif. (AP) - Kobe Bryant had surgery Saturday on his torn Achilles tendon, ending his season with two games left in the Los Angeles Lakers' playoff chase. Lakers trainer Gary Vitti thinks Bryant will need at least six to nine months for recovery from

Northern Rockies Wolf Numbers Drop 7 Percent

Submitted by Fox First at Ten on April 13th

BILLINGS, Mont. (AP) - Aggressive gray wolf hunting and trapping took a toll in much of the Northern Rockies last year as the predator's population saw its most significant decline since being reintroduced to the region. Yet state and federal wildlife officials said Friday that the

JPMorgan CEO: 'Work to do' on controls, compliance

Submitted by Fox First at Ten on April 12th

By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - JPMorgan Chase, the country's biggest bank by assets, says its first-quarter earnings soared, even as revenue fell slightly. The bank made $6.1 billion in the first quarter, after stripping out payments to preferred shareholders. That was

IMF chief watches as nations cope with slow growth

Submitted by Fox First at Ten on April 10th

WASHINGTON (AP) - The head of the International Monetary Fund says the greatest threat to a lasting economic recovery in Europe is "the fatigue of both governments and populations" over painful steps taken to boost growth and combat national debt. IMF Managing Director Christine Lagarde says the

IMF chief watches as nations cope with slow growth

Submitted by Fox First at Ten on April 10th