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IMF calls on Britain to do more for growth

IMF calls on Britain to do more for growth
Submitted by Fox First at Ten on May 22nd
By DANICA KIRKAAssociated Press LONDON (AP) - The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks. In a review of Britain

Bernanke testimony to be studied for policy clues

Bernanke testimony to be studied for policy clues
Submitted by Fox First at Ten on May 22nd
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy. The Fed is pursuing an

Best Buy reports 1Q loss on restructuring costs

Best Buy reports 1Q loss on restructuring costs
Submitted by Fox First at Ten on May 21st
MINNEAPOLIS (AP) - Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, but revenue fell short as the

Best Buy reports 1Q loss on restructuring costs

Best Buy reports 1Q loss on restructuring costs
Submitted by Fox First at Ten on May 21st
MINNEAPOLIS (AP) - Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, but revenue fell short as the

Small company stock are a bright spot

Small company stock are a bright spot
Submitted by Fox First at Ten on May 20th
By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - Small-company stocks were a bright spot in a subdued start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones industrial

Charlotte remembers 1963 desegregation 'eat-in'

Charlotte remembers 1963 desegregation 'eat-in'
Submitted by Fox First at Ten on May 19th
By MITCH WEISSAssociated Press CHARLOTTE, N.C. (AP) - In the spring of 1963, a prominent civil rights leader led dozens of protesters on a four-mile march from a predominantly African-American college campus to the center of Charlotte's downtown. Dr. Reginald Hawkins warned city leaders

Charlotte remembers 1963 desegregation 'eat-in'

Charlotte remembers 1963 desegregation 'eat-in'
Submitted by Fox First at Ten on May 19th
By MITCH WEISSAssociated Press CHARLOTTE, N.C. (AP) - In the spring of 1963, a prominent civil rights leader led dozens of protesters on a four-mile march from a predominantly African-American college campus to the center of Charlotte's downtown. Dr. Reginald Hawkins warned city leaders

Gauge of US economy's future health up in April

Gauge of US economy's future health up in April
Submitted by Fox First at Ten on May 17th
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. The Conference Board said Friday that its index of leading indicators increased 0.6

Futures rebound ahead of Conference Board report

Futures rebound ahead of Conference Board report
Submitted by Fox First at Ten on May 17th
NEW YORK (AP) - U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week. Dow Jones industrial futures are up 40 points to 15,252. S&P futures have added 4.6 points to 1,652.70. Nasdaq futures are up 6

J.C. Penney posts bigger 1Q loss than expected

J.C. Penney posts bigger 1Q loss than expected
Submitted by Fox First at Ten on May 16th
By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - The legacy of J.C. Penney's former CEO is being felt at the department-store chain. Penney on Thursday reported that it widened its loss in the first quarter on a 16 percent drop in revenue. It marks the fifth-straight quarter that the