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Asia stocks fall after Spain gets downgrade

Submitted by Fox First at Ten on October 10th

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets fell Thursday after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade and the U.S. earnings season opened with a whimper. Standard & Poor's downgraded Spain's debt late

2 US scientists win Nobel chemistry prize

Submitted by Fox First at Ten on October 10th

By KARL RITTER and LOUISE NORDSTROMAssociated Press STOCKHOLM (AP) - Two American researchers won the Nobel Prize in chemistry Wednesday for studies of protein receptors that let body cells sense and respond to outside signals like danger or the flavor of food. Such studies are key for

WHY IT MATTERS: Europe's Economic Crisis

Submitted by Fox First at Ten on October 10th

By PAUL WISEMANAP Economics Writer The issue: Europe is struggling to control a debt crisis, save the euro currency and stop a repeat of the 2008 financial crisis that sent the world spinning into recession. The continent's troubles are the No. 1 threat to the fragile U.S. economy. If the

China finance officials to skip Tokyo IMF meeting

Submitted by Fox First at Ten on October 10th

By MALCOLM FOSTERAssociated Press TOKYO (AP) - China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week in an apparent snub to Japan that comes as the two Asian giants remain at odds over a cluster of tiny islands both

White, silver are top vehicle colors in 2012

Submitted by Fox First at Ten on October 10th

By DEE-ANN DURBINAP Auto Writer DETROIT (AP) - If you bought a new vehicle this year, chances are high it was white or silver. Twenty-two percent of cars and trucks built for the 2012 model year have white paint, making it the most popular color worldwide. Silver is close behind, at 20 percent

Finance leaders to address global economic threats

Submitted by Fox First at Ten on October 10th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - When global finance ministers meet this week in Tokyo, they'll confront a triple challenge: Economic troubles in three major regions are threatening the world's economy. And political conflicts are complicating the problem.

Man arrested after smoke grenade found in luggage

Submitted by Fox First at Ten on October 10th

By SHAYA TAYEFE MOHAJERAssociated Press LOS ANGELES (AP) - A man dressed in a bulletproof vest and flame-retardant pants was arrested by federal officials at Los Angeles International Airport after a smoke grenade, gas mask, leg irons and weapons were discovered in his luggage, authorities said

Prostitution arrests rock Maine tourist town

Submitted by Fox First at Ten on October 9th

By CLARKE CANFIELDAssociated Press KENNEBUNK, Maine (AP) - This upscale southern Maine town is known for its ocean beaches, old sea captains' mansions and the neighboring town of Kennebunkport, home to the Bush family summer compound. But the talk of the town these days is the arrest of a

Netflix CEO to step down from Microsoft's board

Submitted by Fox First at Ten on October 9th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Netflix CEO Reed Hastings is leaving Microsoft's board of directors next month, giving him more time to focus on the myriad of challenges facing Netflix's video subscription service. The departure announced Tuesday comes 5 1/2

Alcoa cuts demand outlook, posts $143M loss

Submitted by Fox First at Ten on October 9th

By SANDY SHOREAP Business Writer Alcoa Inc. has slightly lowered its aluminum demand expectations for the rest of the year largely because of China's economic slowdown. Alcoa, which makes aluminum for a wide range of businesses, predicted aluminum demand would grow 6 percent this year, down