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US economy could withstand brief fall off 'cliff'

US economy could withstand brief fall off 'cliff'
Submitted by Fox First at Ten on December 12th
By By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal by New Year's Day. Their stalemate triggers sharp tax increases

EU scores hat-trick with Greek, bank deals, Nobel

EU scores hat-trick with Greek, bank deals, Nobel
Submitted by Fox First at Ten on December 12th
By By SARAH DiLORENZO and DON MELVINAssociated Press BRUSSELS (AP) - Finally, it has been a good week for Europe. After months of bitter debate, European Union finance ministers finally reached two crucial agreements Thursday: They found a compromise to create a single supervisor for their

Eurozone industrial output in surprise slump

Eurozone industrial output in surprise slump
Submitted by Fox First at Ten on December 12th
By By PAN PYLASAssociated Press LONDON (AP) - Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in another sign that the region's recession is getting worse and weighing on big economies like

EU scores hat-trick with Greek, bank deals, Nobel

EU scores hat-trick with Greek, bank deals, Nobel
Submitted by Fox First at Ten on December 12th
By By SARAH DiLORENZO and DON MELVINAssociated Press BRUSSELS (AP) - Finally, it has been a good week for Europe. After months of bitter debate, European Union finance ministers finally reached two crucial agreements Thursday: They found a compromise to create a single supervisor for their

Bank aid money arrives in Spain

Bank aid money arrives in Spain
Submitted by Fox First at Ten on December 12th
By By CIARAN GILESAssociated Press MADRID (AP) - The Spanish government said Wednesday that the €39.5 billion ($51.3 billion) in bailout funds approved by European authorities for the country's troubled banks has arrived. A spokeswoman for the Economy Ministry said the money is now in the

Correction: US-Bangladesh-Factory Fire-Retailers

Correction: US-Bangladesh-Factory Fire-Retailers
Submitted by Fox First at Ten on December 12th
By By The Associated Press In a story Dec. 11 about the clothing industry's efforts to avoid factory fires, The Associated Press misspelled the last name of the head of vendor relations at the German company Tchibo. Her name is Nanda Bergstein, not Nanda Bernstein. A corrected version of

Serbia's billionaire retail tycoon detained

Serbia's billionaire retail tycoon detained
Submitted by Fox First at Ten on December 12th
By By DUSAN STOJANOVICAssociated Press BELGRADE, Serbia (AP) - Serbia's billionaire retail tycoon and one of the Balkan country's most influential figures was detained Wednesday in what the nationalist government said is a major anti-corruption sweep. Miroslav Miskovic, one of the

US economy could withstand brief fall off 'cliff'

US economy could withstand brief fall off 'cliff'
Submitted by Fox First at Ten on December 12th
By By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal by New Year's Day. Their stalemate triggers sharp tax increases

Microsoft increases Surface tablet production

Microsoft increases Surface tablet production
Submitted by Fox First at Ten on December 11th
NEW YORK (AP) - Microsoft says it's increasing production of its Surface tablets and will sell them in more stores. Staples says it will start carrying them starting Wednesday. The Surface is the first tablet Microsoft Corp. is selling under its own brand, and the company is promoting it

Microsoft increases Surface tablet production

Microsoft increases Surface tablet production
Submitted by Fox First at Ten on December 11th
NEW YORK (AP) - Microsoft says it's increasing production of its Surface tablets and will sell them in more stores. Staples says it will start carrying them starting Wednesday. The Surface is the first tablet Microsoft Corp. is selling under its own brand, and the company is promoting it