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Chinese units of 5 big US audit firms charged

Submitted by Fox First at Ten on December 3rd

By By MARCY GORDONAP Business Writer WASHINGTON (AP) - Federal regulators have charged the Chinese affiliates of five of the biggest U.S. accounting firms with impeding the government's investigation of Chinese companies by refusing to turn over documents. The Securities and Exchange

FDA pledges support for med tech initiative

Submitted by Fox First at Ten on December 3rd

By By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - The Food and Drug Administration said Monday it will collaborate with medical device manufacturers on a public-private partnership designed to speed up the development of new medical technology. The agency said it hopes to offer guidance

Stocks edge lower after weak manufacturing report

Submitted by Fox First at Ten on December 3rd

By By STEVE ROTHWELLAP Business Writer NEW YORK (AP) - Stocks edged lower on Wall Street Monday after a surprisingly weak manufacturing report heightened concern that fiscal deadlock in Washington is already hurting the economy. The Dow Jones industrial average fell 59.98 points to close at 12,

US manufacturing shrinks in November to 3-year low

Submitted by Fox First at Ten on December 3rd

By By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs.

US builders boost spending 1.4 percent in October

Submitted by Fox First at Ten on December 3rd

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing. The Commerce Department said Monday that construction spending rose 1.4 percent in October. It

EADS: Confirms talks on shareholder structure

Submitted by Fox First at Ten on December 3rd

BERLIN (AP) - European aerospace and defense company EADS NV says its key shareholders are discussing potential changes to its structure and management. EADS, parent company of aircraft maker Airbus, is jointly French- and German-owned. The French government owns 15 percent and French media company

New Alzheimer's drug studies offer patients hope

Submitted by Fox First at Ten on December 3rd

By By LINDA A. JOHNSONAP Business Writer TRENTON, N.J. (AP) - For Alzheimer's patients and their families, desperate for an effective treatment for the epidemic disease, there's hope from new studies starting up and insights from recent ones that didn't quite pan out. If the new

New Alzheimer's drug studies offer patients hope

Submitted by Fox First at Ten on December 3rd

By By LINDA A. JOHNSONAP Business Writer TRENTON, N.J. (AP) - For Alzheimer's patients desperate for an effective treatment, several new studies starting up offer hope. After dozens of promising experimental drugs failed, scientists think they're now on the right track, targeting the

New Alzheimer's drug studies offer patients hope

Submitted by Fox First at Ten on December 3rd

Lincoln brand changes name as new MKZ goes on sale

Submitted by Fox First at Ten on December 3rd

By By DEE-ANN DURBINAP Auto Writer DETROIT (AP) - Lincoln is getting a new car and a new name designed to reverse 20 years of falling sales. The 97-year old luxury brand, synonymous with presidential limos and black Town Cars, is returning to its original name, Lincoln Motor Co. Lincoln hopes