Writer | MyFOX Spokane

'Fiscal cliff' worries pressure oil prices

Submitted by Fox First at Ten on November 28th

By By SANDY SHOREAP Business Writer The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues. Benchmark oil dropped 69 cents to finish at $86.49 per barrel in New York. Earlier, the price was down nearly 2 percent. But much of the loss was

Stocks gain on hopes for a deal to avoid 'cliff'

Submitted by Fox First at Ten on November 28th

By By STEVE ROTHWELLAP Business Writer NEW YORK (AP) - Stocks gained on signs that lawmakers are edging toward a deal that would help the U.S. avoid the "fiscal cliff." Indexes shrugged off an early loss and rose in afternoon trading Wednesday. The Dow Jones industrial average closed up 106.98

Microsoft ads deride Google as bad place to shop

Submitted by Fox First at Ten on November 28th

By By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Microsoft is trying to skewer Google as a lousy holiday shopping guide in its latest attempt to divert more traffic to its Bing search engine. The attack started Wednesday with a marketing campaign focused on a recent change in the

BP suspended from new US gov't contracts

Submitted by Fox First at Ten on November 28th

By By JOSH LEDERMANAssociated Press WASHINGTON (AP) - The Obama administration put a temporary stop to new federal contracts with British oil company BP on Wednesday, citing the company's "lack of business integrity" and criminal proceedings stemming from the Deepwater Horizon disaster in

Buffett: Congress will eventually pass fiscal plan

Submitted by Fox First at Ten on November 28th

By By JOSH FUNKAP Business Writer OMAHA, Neb. (AP) - Billionaire Warren Buffett said Wednesday he's confident that Congress will eventually pass a plan to address the so-called fiscal cliff, even if it doesn't happen until early next year. But the Berkshire Hathaway chairman and CEO

China film studios plan Shanghai stock offerings

Submitted by Fox First at Ten on November 28th

By KELVIN CHANAP Business Writer HONG KONG (AP) - Two big Chinese state-owned film studios are planning to sell shares on the Shanghai stock exchange in a sign of Beijing's desire to build a film industry that can compete with Hollywood. China Film Co. and Shanghai Film Group Co. are on a

Wired SKorea to stem digital addiction from age 3

Submitted by Fox First at Ten on November 28th

By By YOUKYUNG LEEAP Technology Writer SEOUL, South Korea (AP) - Park Jung-in, an 11-year-old South Korean, sleeps with her Android smartphone instead of a teddy bear. When the screen beams with a morning alarm, she wakes up, picks up her glasses and scrolls through tens of unread messages from

Bonds, Clemens, Sosa on Hall ballot for first time

Submitted by Fox First at Ten on November 28th

By By BEN WALKERAP Baseball Writer NEW YORK (AP) - The most polarizing Hall of Fame debate since Pete Rose will now be decided by the baseball shrine's voters: Do Barry Bonds, Roger Clemens and Sammy Sosa belong in Cooperstown despite drug allegations that tainted their huge numbers? In a

New blow for Rice: Moderate senator voices concern

Submitted by Fox First at Ten on November 28th

By By DONNA CASSATAAssociated Press WASHINGTON (AP) - A moderate Republican senator, vital to any White House hopes of getting U.N. Ambassador Susan Rice confirmed as secretary of state, said Wednesday she couldn't back any nomination until more questions are answered about the deadly Sept

Fiat 500 adds electric and big versions to lineup

Submitted by Fox First at Ten on November 28th

By TOM KRISHERAP Auto Writer DETROIT (AP) - The Fiat 500 is getting bigger and going electric. Two new versions of the Italian-styled mini-car are appearing at the Los Angeles Auto Show this week: The "500e" is the brand's first all-electric model in the U.S. while the "500L" comes with