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Retailers report weak sales gains for November

Submitted by Fox First at Ten on November 29th

By By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Black Friday was no match for Superstorm Sandy. Major retailers from Target to Macy's reported weak November sales as the strong start to the holiday shopping season - including a good showing on the day after Thanksgiving - wasn

Retailers report weak sales gains for November

Submitted by Fox First at Ten on November 29th

Barnes & Noble reports net income for 2Q

Submitted by Fox First at Ten on November 29th

By By MAE ANDERSONAP Retail Writer NEW YORK (AP) - Barnes & Noble's shares fell on Thursday after it reported a second-quarter profit but its digital content growth slowed as it faces increased competition from rivals like Amazon and Google. The largest traditional retailer has invested

US economy grew at 2.7 percent rate in summer

Submitted by Fox First at Ten on November 29th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought. The strength is expected to fade in the final months of the year because of the impact of Superstorm Sandy and uncertainty

Sahara India Pariwar buys NY's Plaza Hotel

Submitted by Fox First at Ten on November 28th

By By ALEX VEIGAAP Real Estate Writer Indian conglomerate Sahara India Pariwar now owns a majority stake in New York's Plaza Hotel, which is bought from Israeli real estate company El Ad US Holding Inc. El Ad CEO Udi Erez said Wednesday that the transaction, valued at $575 million, closed

Highlights from the Fed's US economic survey

Submitted by Fox First at Ten on November 28th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - A Federal Reserve survey released Wednesday found the economy grew at a steady pace from October through early November in most parts of the country, helped by a pickup in consumer spending and home sales. The Fed said growth improved

Peanut butter plant closure angers New Mexico town

Submitted by Fox First at Ten on November 28th

By By JERI CLAUSINGAssociated Press PORTALES, N.M. (AP) - Farmers in a revered peanut-growing region along the New Mexico-Texas border should be celebrating one of the best harvests in recent memory. Instead, millions of pounds of their prized sweet Valencia peanuts sit in barns at a peanut butter

Pot legalization no free ride to smoke on campus

Submitted by Fox First at Ten on November 28th

By By NICHOLAS K. GERANIOSAssociated Press SPOKANE, Wash. (AP) - Young voters helped pass laws legalizing marijuana in Washington and Colorado, but many still won't be able to light up. Most universities have codes of conduct banning marijuana use, and they get millions of dollars in

Fed survey: US economy growing at steady pace

Submitted by Fox First at Ten on November 28th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - A pickup in consumer spending and steady home sales helped lift economic growth from October through early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was

Spain's bailed-out banks to slash size by 60 pct

Submitted by Fox First at Ten on November 28th

By CIARAN GILESAssociated Press MADRID (AP) - European Union authorities have approved the payment of €37 billion ($47.96 billion) in bailout loans to four of Spain's struggling banks - provided each of them cut their loans and investments by 60 percent. The plan cleared Wednesday by the EU