Business | MyFOX Spokane

Top Swiss negotiator in tax disputes steps down

Submitted by Fox First at Ten on May 24th

GENEVA (AP) - Switzerland's top negotiator in talks to resolve disputes over tax evasion with Europe and the U.S. is stepping down. The Finance Ministry said Friday that Michael Ambuehl will leave his post at the end of August and go into academia. The move comes at a crucial time for

Procter & Gamble brings back A.G. Lafley as CEO

Submitted by Fox First at Ten on May 24th

By MAE ANDERSONAP Business Writer NEW YORK (AP) - Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again. The Cincinnati company said late Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning its top post. The surprise move

France won't force companies to cap executive pay

Submitted by Fox First at Ten on May 24th

By SARAH DiLORENZOAP Business Writer PARIS (AP) - The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy. Finance Minister Pierre Moscovici announced Friday that the government no longer plans to

Turkey passes bill restricting alcohol sales, ads

Submitted by Fox First at Ten on May 24th

ANKARA, Turkey (AP) - Turkey's parliament has passed legislation to ban all advertising of alcohol and tighten restrictions on sales in the mainly Muslim but secular country. The legislation, adopted on Friday, bans the sale of alcoholic drinks between 10 p.m. and 6 a.m. It also prohibits

German business confidence unexpectedly rebounds

Submitted by Fox First at Ten on May 24th

By GEIR MOULSONAssociated Press BERLIN (AP) - German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday. The Ifo think tank's confidence index rose

Oil falls below $94 on weak outlook for demand

Submitted by Fox First at Ten on May 24th

By PABLO GORONDIAssociated Press The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile

World stocks lower after big sell-off

Submitted by Fox First at Ten on May 24th

By NATALIYA VASILYEVAAP Business Writer MOSCOW (AP) - World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous

Japan's PM Abe defends policies as markets settle

Submitted by Fox First at Ten on May 24th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst

NJ: Caramel-colored rubbing alcohol sold as scotch

Submitted by Fox First at Ten on May 24th

By REMA RAHMANAssociated Press TRENTON, N.J. (AP) - At one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water - and apparently not even clean water at that. State officials provided those new details

6 tips on managing your 401(k) plan effectively

Submitted by Fox First at Ten on May 23rd

By ALEX VEIGAAP Business Writer The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes. The Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indexes are each up more than 20 percent over the past 12