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A late fade on Wall Street; Wal-Mart, Disney slump

Submitted by Fox First at Ten on May 16th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. There was plenty of discouraging news. Applications for unemployment benefits rose last week and manufacturing slowed in

A late fade on Wall Street; Wal-Mart, Disney slump

Submitted by Fox First at Ten on May 16th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. The news on the U.S. economy gave investors little to get excited about. Applications for unemployment benefits rose last

Only 2 of 13 small SUVs do well in crash tests

Submitted by Fox First at Ten on May 16th

By TOM KRISHERAP Auto Writer DETROIT (AP) - Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group. Several popular models fared poorly. Subaru's 2014 Forester was the only vehicle to get a "good" rating. The 2013 Mitsubishi Outlander Sport

US consumer prices fall 0.4 pct. on cheaper gas

Submitted by Fox First at Ten on May 16th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged. The consumer price index fell 0.4 percent in April

US jobless claims jump to highest level in 6 weeks

Submitted by Fox First at Ten on May 16th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low. The less volatile four-week

US housing starts fell in April but permits surged

Submitted by Fox First at Ten on May 16th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month. And

US consumer prices fall 0.4 pct. on cheaper gas

Submitted by Fox First at Ten on May 16th

Wal-Mart's 1Q profit, sales disappoint

Submitted by Fox First at Ten on May 16th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - The first few months of the year were tough for Wal-Mart Stores Inc. The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake

Police search Oregon property for Powell remains

Submitted by Fox First at Ten on May 16th

By MIKE BAKERAssociated Press OLYMPIA, Wash. (AP) - Authorities investigating the disappearance of Utah mother Susan Powell spent two days this week searching a rural Oregon property for her remains, Powell's father said. Chuck Cox said in an interview Wednesday night that the search didn't

Tea party groups call IRS process 'nightmare'

Submitted by Fox First at Ten on May 16th

By STEVE PEOPLES and STEPHEN BRAUNAssociated Press WASHINGTON (AP) - Anger over President Barack Obama's policies drove businessman Tom Zawistowski to file paperwork with the Internal Revenue Service nearly three years ago to create the Ohio Liberty Coalition. His nonprofit organization largely