Recovery | MyFOX Spokane

Eurozone unemployment hits another record high

Submitted by Fox First at Ten on November 30th

By By PAN PYLASAssociated Press LONDON (AP) - Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by Eurostat, the EU's statistics office, showed that the recession in the eurozone pushed unemployment

Couple arrested in Fla. theme park to return to NH

Submitted by Fox First at Ten on November 30th

By By JAY LINDSAY and LYNNE TUOHYAssociated Press PLAISTOW, N.H. (AP) - A fugitive couple arrested at a Florida theme park waived extradition and will voluntarily return to New Hampshire to face charges in the beating and burning of the woman's 3-year-old son. A judge in Orlando, Fla.,

Japan OKs $10.7B stimulus, aiming to boost growth

Submitted by Fox First at Ten on November 30th

By By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan unleashed yet another barrage of stimulus at its stagnant economy on Friday as debate over how to revive growth heated up ahead of a general election widely expected to deal a severe blow to the ruling Democratic Party. Fresh data for

News summary: Entrepreneurship grows with economy

Submitted by Fox First at Ten on November 29th

By By The Associated Press ENTREPRENEURIAL SPIRIT: A study by researchers at Babson College and Baruch College found that the number of people starting or running new businesses grew 60 percent to 29 million in 2011. FUTURE FORTUNES: Forty percent of those entrepreneurs expected to create more

Sandy delivers heavy blow to US economy

Submitted by Fox First at Ten on November 29th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Superstorm Sandy packed a bigger economic punch than most people had thought. In its sweep through the Northeast, the storm halted sales at major retailers at the start of the crucial holiday shopping season, closed factories and

Creditors group backs new board at stand-alone AMR

Submitted by Fox First at Ten on November 29th

By By DAVID KOENIGAP Business Writer DALLAS (AP) - A group of creditors say that if American Airlines parent AMR Corp. emerges from bankruptcy as an independent company it should have a new board of directors. The group represents financial investors that, as of a court filing in September,

NY, NJ, Conn. seek $83B aid in Sandy recovery

Submitted by Fox First at Ten on November 29th

By By MICHAEL GORMLEYAssociated Press ALBANY, N.Y. (AP) - New York Gov. Andrew Cuomo, New Jersey Gov. Chris Christie and Connecticut Gov. Dannel Malloy are joining forces in a regional effort to land nearly $83 billion in federal aid to recover from Superstorm Sandy. Cuomo said at a New York

News Summary: US 30-year loan rate near record low

Submitted by Fox First at Ten on November 29th

By By The Associated Press RATES NEAR RECORD LOWS: Average U.S. rates on fixed mortgages stayed close to record lows this week, a trend that is boosting home sales. THE NUMBERS: Mortgage buyer Freddie Mac says the average 30-year loan rate ticked up to 3.32 percent. That's close to last

No sign of Colo. boy who vanished on visit to dad

Submitted by Fox First at Ten on November 29th

By By STEVEN K. PAULSONAssociated Press DENVER (AP) - Dylan Redwine went to visit his dad for Thanksgiving - not because he wanted to but because a court ordered it as part of his parents' divorce. Then the 13-year-old boy vanished. More than a week later, police are searching Colorado

The reward for surviving Sandy may be higher taxes

Submitted by Fox First at Ten on November 29th

By By WAYNE PARRYAssociated Press TOMS RIVER, N.J. (AP) - Superstorm Sandy may have one more nasty surprise still to come: higher taxes. The math is simple and cruel. The storm left fewer properties standing, often wrecking waterfront communities that paid the highest taxes because of the