Business | MyFOX Spokane

French retailer Carrefour sells Indonesia stake

Submitted by Fox First at Ten on November 20th

PARIS (AP) - French supermarket group Carrefour is selling off its business in Indonesia for €525 million ($670 million) as part of a broader effort at turning around its fortunes. Carrefour SA, the world's second-largest retailer by revenue after Wal-Mart Stores Inc., announced Tuesday that it

Workers strike at Oakland, Calif., airport

Submitted by Fox First at Ten on November 20th

OAKLAND, Calif. (AP) - Union workers have begun the first part of a 24-hour strike at Oakland International Airport and at the Port of Oakland. A spokeswoman for the Service Employees International Union says maintenance and janitorial workers represented by the union walked off their jobs at

Oil falls below $89 amid ample supplies

Submitted by Fox First at Ten on November 20th

By PABLO GORONDIAssociated Press The price of oil eased to below $89 a barrel on Tuesday as expectations of rising crude supplies pulled attention away from the conflict between Israel and the Palestinians. By early afternoon in Europe, benchmark crude for December delivery was down 50 cents to

Markets remain solid despite French downgrade

Submitted by Fox First at Ten on November 20th

By SARAH DiLORENZOAP Business Writer PARIS (AP) - Hopes that Greece will get its next batch of bailout cash to avoid bankruptcy helped shore up markets Tuesday despite a downgrade of France's credit rating. Finance ministers from the euro countries are meeting in Brussels and the

Business Highlights

Submitted by Fox First at Ten on November 19th

By The Associated Press ___ Steady US housing recovery is boosting economy 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

Moody's downgrades France 1 notch on weak growth

Submitted by Fox First at Ten on November 19th

By STEVE ROTHWELLAP Business Writer NEW YORK (AP) - Moody's Investors Service on Monday downgraded France, stripping it of its prized AAA credit rating due to concerns over its prospects for economic growth and its exposure to Europe's financial crisis. Moody's lowered France's

Ford to bring smaller engine to US in 2014 Fiesta

Submitted by Fox First at Ten on November 19th

By DEE-ANN DURBINAP Auto Writer DEARBORN, Mich. (AP) - Ford is bringing its smallest engine to the U.S. in the race to meet stricter government fuel economy rules. The company says the 2014 Fiesta will be the first North American vehicle to get Ford's new 1-liter, three-cylinder EcoBoost

News Summary: Hostess to mediate with union

Submitted by Fox First at Ten on November 19th

By The Associated Press LET'S TALK TWINKIES: Hostess Brands Inc. and its second largest union agreed Monday to mediation, meaning the company won't go out of business just yet. HOPE FOR HO HO'S: The maker of Twinkies, Ding Dongs and Ho Ho's said it doesn't have much wiggle

News Summary: NLRB to assess Wal-Mart dispute

Submitted by Fox First at Ten on November 19th

By The Associated Press WAL-MART WALKOUTS: Federal labor officials say they will decide quickly whether to support a request by Wal-Mart Stores Inc. to stop a union-backed group from organizing worker walk-outs at hundreds of stores on Friday. NO FAIR?: The world's largest retailer filed

Senate questions pharmacy boards after outbreak

Submitted by Fox First at Ten on November 19th

By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - A Senate committee investigating the deadly outbreak of meningitis wants to know how regulators in all 50 states oversee specialty pharmacies like the one that triggered the illness. The Senate Committee on Health, Education, Labor and