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Qatar Airways: No plans for budget carrier

Submitted by Fox First at Ten on November 17th

DUBAI, United Arab Emirates (AP) - The head of fast-growing Qatar Airways says there are no immediate plans to launch a budget airline to compete with Dubai's expanding low-cost carrier. Instead, CEO Akbar al-Baker says Qatar Airways will concentrate on enlarging its global network as part of

Clinton says Congress committed to budget deal

Submitted by Fox First at Ten on November 17th

By ROD McGUIRKAssociated Press SINGAPORE (AP) - U.S. Secretary of State Hillary Rodham Clinton reiterated Saturday that she is "out of politics" and assured a Singaporean audience that Congress is committed to avoiding year-end "fiscal cliff" tax increases and spending cuts that could plunge

Higher taxes may not hammer dividend stocks

Submitted by Fox First at Ten on November 16th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - If Washington allows tax cuts to expire at the end of the year, taxes on dividends will nearly triple for the highest-paid Americans. That's led some experts to warn of a looming collapse for popular dividend-paying stocks. When Uncle Sam

A look at Hostess brands

Submitted by Fox First at Ten on November 16th

By The Associated Press Hostess Brands Inc. said Friday it will move to liquidate the company after failing to emerge from its second Chapter 11 bankruptcy filing in less than a decade. The company says buyers have already expressed interest in some of its brands, meaning they could find a

News Summary: Judge likely to approve Google fine

Submitted by Fox First at Ten on November 16th

By The Associated Press A FINE FIX: The Federal Trade Commission is close to gaining the court approval needed to impose a record $22.5 million fine on Google. It's part of a settlement resolving allegations that Google Inc. duped Web surfers using the Safari browser so it could track

News Summary: Slaughterhouse abuse settlement

Submitted by Fox First at Ten on November 16th

By The Associated Press JUDGMENT: A California slaughterhouse on Friday agreed to a symbolic $497 million settlement with the U.S. government and the Human Society. INHUMANE: In 2007 a video showed Hallmark Meat Co. employees using chains to move cows who were too sick to walk to the slaughter

News Summary: House votes on trade with Russia

Submitted by Fox First at Ten on November 16th

By The Associated Press RUSHING RUSSIA: The House of Representatives voted Friday to end Soviet-era trade restrictions on Russia, which joined the World Trade Organization earlier this year. The Senate will now consider the bill, which is supported by the Obama administration. MOSCOW MOVES: The

News Summary: KidCo recalls infant travel beds

Submitted by Fox First at Ten on November 16th

By The Associated Press BAD CRIBS: A children's safety equipment manufacturer is recalling about 220,000 Pea Pod Travel cribs after reports of one infant's death and nine others entrapped or distressed while inside the portable sleep tents. SUFFOCATION RISK: An infant could roll between

Harsco CFO resigns, interim replacement named

Submitted by Fox First at Ten on November 16th

HARRISBURG, Pa. (AP) - Industrial services company Harsco Corp. on Friday said its chief financial officer and treasurer resigned. Stephen Schnoor's departure was effective Friday. Harsco named Barry Malamud, its current vice president and corporate controller, as interim CFO. The Camp Hill, Pa

News Summary: Mideast tensions send oil higher

Submitted by Fox First at Ten on November 16th

By The Associated Press OIL RISE: Crude oil and other energy futures rose as tensions worsened between Israel and the Palestinians. Oil for January delivery rose $1.05 to finish at $86.92 a barrel in New York, up 1.2 percent. ROCKETS FIRED: Hamas fired rockets toward Jerusalem, triggering air