Business | MyFOX Spokane

Fishing nations maintain tuna quotas

Submitted by Fox First at Ten on November 19th

By PAUL SCHEMMAssociated Press AGADIR, Morocco (AP) - Fishing countries on Monday voted to keep up strict limits on catching Atlantic Bluefin tuna, overruling fierce opposition from critics who argue that the key sushi ingredient is on the rebound. Observers at a week-long meeting in the

Oil up on Middle East fears, 'fiscal cliff' hopes

Submitted by Fox First at Ten on November 19th

NEW YORK (AP) - The price of oil closed at its highest point in nearly a month Monday on rising concerns about the Middle East and less worry about the U.S. "fiscal cliff." President Barack Obama and leaders of the House and Senate appeared to have constructive discussions Friday to avoid a series

US stocks rise on hopes for budget deal, Europe

Submitted by Fox First at Ten on November 19th

By DANIEL WAGNERAP Business Writer The stock market finally shook its post-election slump. Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks Monday to their biggest gain in two months. A pair of strong corporate earnings reports also helped. The

Steady US housing recovery is boosting economy

Submitted by Fox First at Ten on November 19th

By ALEX VEIGA and CHRISTOPHER S. RUGABERAP Business Writers WASHINGTON (AP) - From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains. The latest evidence came in reports Monday that sales of previously occupied homes rose solidly in

US homebuilder confidence at 6-year high

Submitted by Fox First at Ten on November 19th

By ALEX VEIGAAP Real Estate Writer LOS ANGELES (AP) - Confidence among U.S. homebuilders rose this month to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year. The National Association

US stocks open higher

Submitted by Fox First at Ten on November 19th

NEW YORK (AP) - The stock market is starting the holiday week with a big gain. Just after the opening bell on Wall Street, the Dow Jones industrial average is up 102 points at 12,690. The Standard & Poor's 500 index is up 12 at 1,372. And the Nasdaq composite index is up 32 to 2,885.

SAS avoids bankruptcy after unions approve plan

Submitted by Fox First at Ten on November 19th

COPENHAGEN, Denmark (AP) - Danish and Norwegian media are reporting that all eight unions have now approved a savings plan that will help the troubled SAS carrier stay afloat. Denmark's TV2 and Norway's NTB news agency are reporting that the Danish CAU cabin crew union finally signed on to

Greece fine tunes its austerity as it awaits loan

Submitted by Fox First at Ten on November 19th

ATHENS, Greece (AP) - Greece faces a tense wait Tuesday for vital bailout money as finance ministers from the 17 European Union countries that use the euro try to reach an agreement on how to put the country's economic recovery back on the right track. Athens is waiting for a €31.5 billion ($40

Total sells Nigeria offshore oil stake for $2.5B

Submitted by Fox First at Ten on November 19th

By JON GAMBRELL and YINKA IBUKUNAssociated Press LAGOS, Nigeria (AP) - French oil company Total SA said Monday it had sold its stake in an offshore oil field near Nigeria for $2.5 billion to the Chinese state-run firm Sinopec Corp., a sign of China's growing stakes in the West African

Qatar strikes 'Made in Italy' investment deal

Submitted by Fox First at Ten on November 19th

DOHA, Qatar (AP) - An investment fund run by Qatar's government says it will team with an Italian holding company to channel up to €2 billion ($2.5 billion) to traditional Italian industries, including fashion, food and furniture design. Monday's announcement of the four-year deal comes