Recovery | MyFOX Spokane

China's inflation eases, giving room for stimulus

Submitted by Fox First at Ten on November 9th

BEIJING (AP) - China's inflation eased further in October as increases in food prices slowed, giving Beijing room to launch new stimulus measures if needed to speed a recovery from a painful economic slump. Consumer prices rose 1.7 percent, down from the previous month's 1.9 percent, the

A look at recent tech-industry earnings

Submitted by Fox First at Ten on November 8th

By The Associated Press Technology companies have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers. They also come as Microsoft released a new version

3 low-risk stock funds with top records, ratings

Submitted by Fox First at Ten on November 8th

By The Associated Press With the election behind, investors' anxiety over the looming "fiscal cliff" became apparent as stocks fell sharply on Wednesday and Thursday. Bush-era tax cuts will expire Jan. 1 and automatic federal spending cuts will be phased in unless Congress and the White

3 stock funds to reduce risk as fiscal cliff looms

Submitted by Fox First at Ten on November 8th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - Investors are anxious. The Dow Jones industrial average had its steepest two-day sell-off of the year on Wednesday and Thursday. With the election behind, the so-called "fiscal cliff" came into focus. It's such a pressing concern that

FEMA to use manufactured housing in Sandy zones

Submitted by Fox First at Ten on November 8th

By ALICIA A. CALDWELLAssociated Press WASHINGTON (AP) - The federal government is moving manufactured housing into areas in New York and New Jersey that were hit hardest by Superstorm Sandy, the Federal Emergency Management Agency said Thursday. FEMA Administrator Craig Fugate said the disaster

Cuomo: NY superstorm damage could total $33B

Submitted by Fox First at Ten on November 8th

By COLLEEN LONG and FRANK ELTMANAssociated Press NEW YORK (AP) - Damage in New York state from Superstorm Sandy could total $33 billion when all is said and done, Gov. Andrew Cuomo said Thursday as the state began cleaning up from a nor'easter that dumped snow, brought down power lines and

Average US rate on 30-year loan rises to 3.40 pct.

Submitted by Fox First at Ten on November 8th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage was little changed this week, staying slightly above its record low. Cheaper mortgages are helping drive a modest housing recovery. Mortgage buyer Freddie Mac said Thursday that the rate on

Text of statement by ECB President Mario Draghi

Submitted by Fox First at Ten on November 8th

By The Associated Press Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the

At a glance: The latest on Sandy recovery efforts

Submitted by Fox First at Ten on November 8th

By The Associated Press The latest on the fallout from Superstorm Sandy, which hit the East Coast last week, and a new wintry storm that hit the Northeast. - WEATHER: A new storm blanketed much of the Northeast with several inches of snow, including more than a foot in parts of New Jersey and

Recovering Commerzbank returns $99M profit in Q3

Submitted by Fox First at Ten on November 8th

By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) - Commerzbank, Germany's second-largest lender, saw profits held back in the third quarter as interest income declined and costs rose from businesses the bank is leaving in order to strengthen its finances. The bank said Thursday it