Recovery | MyFOX Spokane

Portugal passes test to get more bailout funds

Submitted by Fox First at Ten on November 19th

LISBON, Portugal (AP) - Portugal has passed the latest test of its compliance with the terms of its €78 billion ($100 billion) bailout, meaning it qualifies to get the next installment of its rescue loans. Finance Minister Vitor Gaspar said Monday that creditors endorsed Portugal's progress on

Fishing nations maintain tuna quotas

Submitted by Fox First at Ten on November 19th

By PAUL SCHEMMAssociated Press AGADIR, Morocco (AP) - Fishing countries on Monday voted to keep up strict limits on catching Atlantic Bluefin tuna, overruling fierce opposition from critics who argue that the key sushi ingredient is on the rebound. Observers at a week-long meeting in the

US stocks rise on hopes for budget deal, Europe

Submitted by Fox First at Ten on November 19th

By DANIEL WAGNERAP Business Writer The stock market finally shook its post-election slump. Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks Monday to their biggest gain in two months. A pair of strong corporate earnings reports also helped. The

Steady US housing recovery is boosting economy

Submitted by Fox First at Ten on November 19th

By ALEX VEIGA and CHRISTOPHER S. RUGABERAP Business Writers WASHINGTON (AP) - From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains. The latest evidence came in reports Monday that sales of previously occupied homes rose solidly in

Steady US housing recovery is boosting economy

Submitted by Fox First at Ten on November 19th

US homebuilder confidence at 6-year high

Submitted by Fox First at Ten on November 19th

By ALEX VEIGAAP Real Estate Writer LOS ANGELES (AP) - Confidence among U.S. homebuilders rose this month to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year. The National Association

Greece fine tunes its austerity as it awaits loan

Submitted by Fox First at Ten on November 19th

ATHENS, Greece (AP) - Greece faces a tense wait Tuesday for vital bailout money as finance ministers from the 17 European Union countries that use the euro try to reach an agreement on how to put the country's economic recovery back on the right track. Athens is waiting for a €31.5 billion ($40

Lowe's 3Q net income climbs on fewer charges

Submitted by Fox First at Ten on November 19th

By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Lowe's Cos.' said Monday that its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company's efforts to revamp its merchandise and prices appeared to be gaining traction. Its adjusted

China's economy recovering but torrid growth over

Submitted by Fox First at Ten on November 19th

By JOE McDONALDAP Business Writer BEIJING (AP) - Zhang Hanzhong, who supplies locks for auto manufacturers, is part of a swath of China's economy that is lagging in a two-speed recovery. Business for retailers, hotels, photo studios and other service industries is picking up as China limps

Left with tornado damage, Ala town blaming FEMA

Submitted by Fox First at Ten on November 18th

By JAY REEVESAssociated Press CORDOVA, Ala. (AP) - Main Street in this old mill town looks about the same as it did the day after tornadoes killed about 250 people across Alabama a year and a half ago: Battered red bricks and broken glass litter the pavement, and the buildings still standing