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US consumer borrowing rises to record $2.75T

Submitted by Fox First at Ten on December 7th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. The Federal Reserve said Friday that consumers increased their

US consumer borrowing rises to record $2.75T

Submitted by Fox First at Ten on December 7th

Why is Wall Street losing its appetite for Apple?

Submitted by Fox First at Ten on December 7th

By By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - This holiday season is shaping up to be a record-breaking period for Apple as shoppers snap up iPhones and iPads. So, why is the world's most valuable company losing its luster with investors? Apple began selling the iPhone 5 on

Pilots approve new contract with American Airlines

Submitted by Fox First at Ten on December 7th

By By DAVID KOENIGAP Airlines Writer DALLAS (AP) - American Airlines is closer to exiting from bankruptcy and possibly merging with US Airways after its pilots approved a new labor contract. With the pilots' deal announced Friday, American has negotiated new, lower-cost contracts with all

Cisco grabs for 'No. 1 IT company' crown

Submitted by Fox First at Ten on December 7th

By By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Cisco Systems Inc. isn't content to be the world's largest maker of computer networking gear. It says it wants to become the "No. 1" supplier of information technology to big businesses by broadening its offerings of services and

'BioShock Infinite': 5 ways it's different

Submitted by Fox First at Ten on December 7th

By By DERRIK J. LANGAP Entertainment Writer BEVERLY HILLS, Calif. (AP) - Fans clamoring for the video game "BioShock Infinite," the highly anticipated spiritual successor to the legendary "BioShock," will have to wait a bit longer, but it should be worth the wait. At a dazzling media preview of

'BioShock Infinite': 5 ways it's different

Submitted by Fox First at Ten on December 7th

By By DERRIK J. LANGAP Entertainment Writer BEVERLY HILLS, Calif. (AP) - Fans clamoring for the video game "BioShock Infinite," the highly anticipated spiritual successor to the landmark "BioShock," will have to wait a bit longer, but it should be worth the wait. At a media preview of the game

Egypt delays early voting on new constitution

Submitted by Fox First at Ten on December 7th

By By MAGGIE MICHAEL and SARAH EL DEEBAssociated Press CAIRO (AP) - Egypt postponed early voting on a contentious draft constitution, and aides to President Mohammed Morsi floated the possibility of canceling the whole referendum in the first signs Friday that the Islamic leader is finally

Correction: Cancer Clinic Probe-Mississippi story

Submitted by Fox First at Ten on December 7th

JACKSON, Miss. (AP) - In a story Dec. 7 about the sentencing of a doctor and two others in a cancer clinic fraud case in Mississippi, The Associated Press erroneously attributed a quote to U.S. District Judge Daniel P. Jordan III. The quote was from Assistant U.S. Attorney Scott Gilbert, who said

India's parliament permits foreign retailers entry

Submitted by Fox First at Ten on December 7th

By By ASHOK SHARMAAssociated Press NEW DELHI (AP) - India's parliament on Friday approved the government's plans to open up the country's massive retail sector to international big-box companies such as Wal-Mart. Prime Minister Manmohan Singh's beleaguered government won the