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Stock market edges up on stronger housing report

Submitted by Fox First at Ten on October 17th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. Even though the two tech giants disappointed, overall

Nike severs ties to Armstrong "with great sadness"

Submitted by Fox First at Ten on October 17th

By MICHELLE CHAPMANAP Business Writer NEW YORK (AP) - Nike has severed ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade. The clothing and footwear company said Wednesday

Nike severs ties to Armstrong "with great sadness"

Submitted by Fox First at Ten on October 17th

By MICHELLE CHAPMANAP Business Writer NEW YORK (AP) - Nike has severed ties with cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade. The clothing and footwear company said Wednesday that it

American Airlines parent loses $238M in 3Q

Submitted by Fox First at Ten on October 17th

By SAMANTHA BOMKAMPAP Airlines Writer NEW YORK (AP) - American Airlines parent company AMR lost $238 million in the third quarter on employee severance payouts and other costs related to its bankruptcy. Without those charges, the Fort Worth, Texas, company posted an operating profit as it cut

Surge in US home construction could lift economy

Submitted by Fox First at Ten on October 17th

By ALEX VEIGA and MARTIN CRUTSINGERAP Business Writers U.S. home construction is making a comeback that could invigorate the economy's still-weak recovery. Builders last month started construction on single-family houses and apartments at the fastest rate in more than four years, the

Surge in US home construction could lift economy

Submitted by Fox First at Ten on October 17th

Google opens window into secretive data centers

Submitted by Fox First at Ten on October 17th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Google is opening a virtual window into the secretive data centers where an intricate maze of computers process Internet search requests, show YouTube video clips and distribute email for millions of people. The unprecedented peek is

US official: CIA operative killed in Afghanistan

Submitted by Fox First at Ten on October 17th

By PAULINE JELINEKAssociated Press WASHINGTON (AP) - An officer for the Central Intelligence Agency was among those killed in a suicide bombing at an Afghan intelligence office - the latest so-called "insider attack" in the war, according to one current and one former U.S. official. The attack

Armstrong out as Livestrong head, loses sponsors

Submitted by Fox First at Ten on October 17th

By JIM VERTUNOAP Sports Writer AUSTIN, Texas (AP) - Already an outcast in cycling after a massive doping report, Lance Armstrong absorbed hits much closer to home Wednesday: to his wallet and his heart. Armstrong was dumped by Nike, Anheuser-Busch and other sponsors, and he gave up the top spot

Armstrong out as Livestrong head, loses sponsors

Submitted by Fox First at Ten on October 17th