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Oklahoma schools destroyed by tornado to rebuild

Oklahoma schools destroyed by tornado to rebuild
Submitted by Fox First at Ten on May 30th
By TIM TALLEYAssociated Press MOORE, Okla. (AP) - Administrators believe rebuilding a pair of Oklahoma elementary schools destroyed by a May 20 tornado will help their neighborhoods' long-term recovery, though some parents and children aren't sure it's a good idea to put up new schools

Social Security, Medicare still face big challenge

Social Security, Medicare still face big challenge
Submitted by Fox First at Ten on May 30th
By TOM RAUMAssociated Press WASHINGTON (AP) - As the U.S. recovery slowly gathers steam, federal deficits are finally coming down from their nosebleed $1-trillion-plus heights. That will postpone until fall a new budget showdown between Congress and the White House - and also will probably delay

Social Security, Medicare still face big challenge

Social Security, Medicare still face big challenge
Submitted by Fox First at Ten on May 30th
By TOM RAUMAssociated Press WASHINGTON (AP) - As the U.S. recovery slowly gathers steam, federal deficits are finally coming down from their nosebleed $1-trillion-plus heights. That will postpone until fall a new budget showdown between Congress and the White House - and also will probably delay

Stocks inch higher in early trading on Wall Street

Stocks inch higher in early trading on Wall Street
Submitted by Fox First at Ten on May 30th
NEW YORK (AP) - Stocks are edging higher in early trading on Wall Street after the latest reports on the economy suggested a steady recovery in the U.S. The Dow Jones industrial average was up 17 points at 15,319 shortly after the opening bell Thursday, a gain of 0.1 percent. The Dow is nearly

US economy grew 2.4 percent in first quarter

US economy grew 2.4 percent in first quarter
Submitted by Fox First at Ten on May 30th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The U.S. economy grew at a modest 2.4 percent annual rate from January through March, slightly slower than initially estimated. Consumer spending was stronger than first thought, but businesses restocked more slowly and state and local

Applications for US unemployment aid rise to 354K

Applications for US unemployment aid rise to 354K
Submitted by Fox First at Ten on May 30th
By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The number of Americans seeking unemployment aid rose 10,000 last week to a seasonally adjusted 354,000, a sign layoffs have increased. Still, the level of applications is consistent with steady hiring. The Labor Department says the

U.S. reclaims post as most competitive economy, but trouble may loom

U.S. reclaims post as most competitive economy, but trouble may loom
Submitted by Fox First at Ten on May 30th
By Julie Strickland The U.S. has clawed back from the recession and reclaimed its spot as the world's most competitive economy, but several other countries are catching up, according to a new report. IMD's World Competitiveness Rankings, released Thursday, judge who's gaining and who

Applications for US unemployment aid rise to 354K

Applications for US unemployment aid rise to 354K
Submitted by Fox First at Ten on May 30th
By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The number of Americans seeking unemployment benefits rose 10,000 last week to a seasonally adjusted 354,000. Still, the level of applications is consistent with steady hiring and remains near a five-year low. The Labor Department said

US economy grew at modest 2.4 pct. rate in Q1

US economy grew at modest 2.4 pct. rate in Q1
Submitted by Fox First at Ten on May 30th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The U.S. economy grew at a modest 2.4 percent annual rate from January through March, slightly slower than initially estimated. Consumer spending was stronger than first thought, but businesses restocked more slowly and state and local

Sales of bank-owned homes hit 5-year low in 1Q

Sales of bank-owned homes hit 5-year low in 1Q
Submitted by Fox First at Ten on May 30th
By ALEX VEIGAAP Real Estate Writer LOS ANGELES (AP) - Sales of bank-owned homes have plunged to a five-year low, the latest evidence that the nation's foreclosure woes are easing as the U.S. housing market recovery gains momentum. For the January-March quarter, sales of bank-owned homes fell 16