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US unemployment aid applications jump to 388K

Submitted by Fox First at Ten on October 18th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase marks a rebound from the previous week's sharp drop. Both swings were largely

US unemployment aid applications jump to 388K

Submitted by Fox First at Ten on October 18th

European bank supervisor step closer but deal hazy

Submitted by Fox First at Ten on October 18th

By RAF CASERT and SARAH DiLORENZOAssociated Press BRUSSELS (AP) - European leaders took a step toward creating a single supervisor for banks in countries that use the euro on Friday but refused to pin down a start date. Although the leaders meeting in Brussels said their decisions on the

Stock market edges up on stronger housing report

Submitted by Fox First at Ten on October 17th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. Even though the two tech giants disappointed, overall

Spain: decision on bailout within weeks

Submitted by Fox First at Ten on October 17th

By CIARAN GILES and JORGE SAINZAssociated Press MADRID (AP) - The Spanish government said Wednesday it will decide within the next few weeks whether to ask for outside financial help, noting it might opt for a precautionary line of credit instead of bailout cash. Spain is under pressure to tap

Analysis: Romney, Obama ask voters: Trust me

Submitted by Fox First at Ten on October 17th

By CHARLES BABINGTONAssociated Press WASHINGTON (AP) - President Barack Obama and Republican Mitt Romney teed up the last three weeks of the presidential election as a question of which man voters can trust to improve the economy. If the undecided voters who questioned the two men in Tuesday

US industrial output rises but factories stay weak

Submitted by Fox First at Ten on October 16th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. industrial production increased only modestly in September, held back by weak growth in factory output. The Federal Reserve said Tuesday that output at factories, mines and utilities rose 0.4 percent in September. That followed a 1.

More expensive gas pushes US consumer prices up

Submitted by Fox First at Ten on October 16th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - Higher gas costs drove up U.S. consumer prices in September for the second straight month. Outside energy, there was little sign of inflation. The Labor Department said Tuesday that the consumer price index rose a seasonally

Weakening Tropical Storm Paul brushes along Baja

Submitted by Fox First at Ten on October 16th

By IGNACIO MARTINEZAssociated Press LOS CABOS, Mexico (AP) - A weakening Tropical Storm Paul swerved away from a landfall on a sparsely populated stretch of Mexico's southern Baja peninsula Tuesday night, brushing the coast with wind and rain as it swirled northward just offshore.

Oil finishes virtually unchanged from Friday

Submitted by Fox First at Ten on October 15th

NEW YORK (AP) - A late-day surge left oil prices virtually unchanged Monday, erasing losses of more than two percent. Earlier in the day, the focus was on weaker oil demand. Traders seemed to warm slowly to some positive U.S. economic news as the day went along. Higher U.S. stock prices may have