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Discover Financial Services 4Q net income rises

Discover Financial Services 4Q net income rises
Submitted by Fox First at Ten on December 20th
By ALEX VEIGAAP Business Writer LOS ANGELES (AP) - Discover Financial Services on Thursday reported higher earnings for its fiscal fourth quarter, as users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances. Even so, the Riverwoods, Ill.-based company

Gun laws show difficulty of stemming violent acts

Gun laws show difficulty of stemming violent acts
Submitted by Fox First at Ten on December 20th
By JULIE PACE and ALICIA A. CALDWELLAssociated Press WASHINGTON (AP) - One early focus of new gun regulations by President Barack Obama and some lawmakers would reinstate a federal ban on assault weapons, a law widely regarded as imperfect. The ban, which existed for 10 years until 2004, would have

Gun laws show difficulty of stemming violent acts

Gun laws show difficulty of stemming violent acts
Submitted by Fox First at Ten on December 20th
By JULIE PACE and ALICIA A. CALDWELLAssociated Press WASHINGTON (AP) - One early focus of new gun regulations by President Barack Obama and some lawmakers would reinstate a federal ban on assault weapons, a law widely regarded as imperfect. The ban, which existed for 10 years until 2004, would have

Boehner plan ends tax cuts for rich, poor

Boehner plan ends tax cuts for rich, poor
Submitted by Fox First at Ten on December 20th
By STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - Taxpayers making more than $1 million would get hit with tax increases averaging $100,000 next year under House Speaker John Boehner's alternative tax bill, according to an independent analysis. Some low-income people would get smaller tax

US Mint testing new metals to make coins cheaper

US Mint testing new metals to make coins cheaper
Submitted by Fox First at Ten on December 20th
By JOANN LOVIGLIOAssociated Press PHILADELPHIA (AP) - When it comes to making coins, the Mint isn't getting its two cents worth. In some cases, it doesn't even get half of that. A penny costs more than two cents and a nickel costs more than 11 cents to make and distribute. The quandary is

US Mint testing new metals to make coins cheaper

US Mint testing new metals to make coins cheaper
Submitted by Fox First at Ten on December 20th
By JOANN LOVIGLIOAssociated Press PHILADELPHIA (AP) - When it comes to making coins, the Mint isn't getting its two cents worth. In some cases, it doesn't even get half of that. A penny costs more than two cents and a nickel costs more than 11 cents to make and distribute. The quandary is

Asia stocks fall as US budget negotiations stall

Asia stocks fall as US budget negotiations stall
Submitted by Fox First at Ten on December 20th
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Heightened uncertainty about the outcome of budget negotiations in Washington among President Barack Obama, House Speaker John Boehner and other Republican lawmakers drove Asian stock markets lower Friday. If a compromise is not in place by Jan. 1

Correction: Paintball Argument-Shooting story

Correction: Paintball Argument-Shooting story
Submitted by Fox First at Ten on December 20th
SIOUX FALLS, S.D. (AP) - In a story Dec. 19 about a South Dakota teenager being charged in the fatal shooting of his friend, The Associated Press erroneously reported that the accused shooter and the teen who died had argued before the shooting. Police say the argument was between the accused

IRS: 100M taxpayers face delays without AMT fix

IRS: 100M taxpayers face delays without AMT fix
Submitted by Fox First at Ten on December 19th
By STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - Up to 100 million taxpayers - about two-thirds of all filers - won't be able to file their 2012 tax returns until late March if Congress doesn't adjust the alternative minimum tax by the end of the year, the Internal Revenue Service

Rep. Hanabusa will apply for Hawaii US Senate seat

Rep. Hanabusa will apply for Hawaii US Senate seat
Submitted by Fox First at Ten on December 19th
By BECKY BOHRERAssociated Press HONOLULU (AP) - U.S. Rep. Colleen Hanabusa will apply for the Senate vacancy created by the death of Daniel Inouye of Hawaii, her spokesman said Wednesday. Hanabusa, 61, is the early favorite for the post, having won the endorsement of Inouye, a fellow Democrat.