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Stocks head higher, despite Europe worries

Submitted by Fox First at Ten on October 11th

By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - One piece of good news on jobs was enough Thursday on Wall Street. The stock market popped higher after the Labor Department reported an encouraging decline in weekly claims for unemployment insurance. That one piece of good news was enough

US rate on 30-year mortgage rises to 3.39 pct.

Submitted by Fox First at Ten on October 11th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan

Crews search for 4th victim in Fla. garage rubble

Submitted by Fox First at Ten on October 11th

By KELLI KENNEDY and MATT SEDENSKYAssociated Press MIAMI (AP) - Workers inched closer Thursday afternoon to pulling a fourth likely casualty from the site of a parking garage collapse as a search for answers continued over what reduced a routine construction project to piles of twisted steel

Safeway bets that loyalty program will pay off

Submitted by Fox First at Ten on October 11th

By CANDICE CHOIAP Food Industry Writer NEW YORK (AP) - Safeway Inc. is betting that its investment in a new customer loyalty program will eventually pay off, as the supermarket operator looks to fend off big-box retailers and other competitors that are expanding their grocery aisles. The

US trade deficit rose to $44.2 billion in August

Submitted by Fox First at Ten on October 11th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The wider deficit likely dragged on already-weak economic growth. The deficit grew 4.1 percent to $44.2 billion in August, the

Fewer US layoffs no longer suggest strong hiring

Submitted by Fox First at Ten on October 11th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - Declining applications for unemployment benefits have typically pointed to stronger hiring. Not so much anymore. Since the U.S. recession officially ended in June 2009, fewer layoffs have meant fewer people seeking unemployment aid. On

Fewer US layoffs no longer suggest strong hiring

Submitted by Fox First at Ten on October 11th

Softbank in talks to invest in Sprint

Submitted by Fox First at Ten on October 11th

By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Japanese cellphone company Softbank Corp. was in talks Thursday about taking a substantial ownership stake in struggling U.S. carrier Sprint Nextel Corp. Sprint, the third-largest cellphone company in the U.S., said the deal could be big

Softbank in talks to invest in Sprint

Submitted by Fox First at Ten on October 11th

Pirates plundering 'Borderlands 2' video game

Submitted by Fox First at Ten on October 11th

By DERRIK J. LANGAP Entertainment Writer LOS ANGELES (AP) - The popular "Borderlands 2" video game is walking the plank. A pirate-themed add-on campaign titled "Captain Scarlett and Her Pirate's Booty" is setting sail Oct. 16 for the Gearbox Software shoot-and-loot sequel released by 2K