Business | MyFOX Spokane

Greece raises cash to make key debt repayment

Submitted by Fox First at Ten on November 15th

ATHENS, Greece (AP) - Greece has raised a further €937.5 million ($1.2 billion) from new bids for treasury bills issued this week, bringing the total to just under €5 billion - enough to avoid bankruptcy on Friday, when it has to make a debt repayment. To afford the repayment, Greece auctioned four

Poland is first in Europe to get Dreamliner plane

Submitted by Fox First at Ten on November 15th

By VANESSA GERAAssociated Press WARSAW, Poland (AP) - Poland's national airline LOT welcomed its first Boeing 787 "Dreamliner" into its fleet Thursday, becoming the first European carrier to get the U.S. aircraft maker's newest plane. The plane has been hailed for a state-of-the art

Eurozone slides back into recession

Submitted by Fox First at Ten on November 15th

By PAN PYLASAssociated Press LONDON (AP) - The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region's financial crisis was felt from Amsterdam to Athens. And with surveys pointing to increasingly depressed conditions across the

BBC settles libel suit from wronged politician

Submitted by Fox First at Ten on November 15th

By GREGORY KATZAssociated Press LONDON (AP) - The BBC reached a settlement Thursday with the Conservative politician wrongly implicated in a child sex abuse scandal. The BBC has already apologized for linking 70-year-old Alistair McAlpine, a member of the House of Lords, to child sex abuse that

Amid Vietnam gloom, US company promises riches

Submitted by Fox First at Ten on November 15th

By CHRIS BRUMMITTAssociated Press HO CHI MINH CITY, Vietnam (AP) - The Australian salesman flashed up a slide of a black Rolls Royce and pitched enticingly to a roomful of Vietnamese students facing an uncertain economic future: join me in selling anti-aging products and the car - and much more

Greek protesters target German officials at event

Submitted by Fox First at Ten on November 15th

By COSTAS KANTOURISAssociated Press THESSALONIKI, Greece (AP) - Dozens of Greek anti-austerity protesters forced their way into an exhibition site where Greek and German government officials were holding a conference Thursday, with some demonstrators almost breaking into the meeting before

Amid Vietnam gloom, US company promises riches

Submitted by Fox First at Ten on November 15th

By CHRIS BRUMMITAssociated Press HO CHI MINH CITY, Vietnam (AP) - The Australian salesman flashed up a slide of a black Rolls Royce and pitched enticingly to a roomful of Vietnamese students facing an uncertain economic future: join me in selling anti-aging products and the car - and much more

Gazprom commits to costly pipeline project

Submitted by Fox First at Ten on November 15th

MOSCOW (AP) - Russian gas company Gazprom has formally agreed to build a costly pipeline that would deliver Russian gas to large parts of Europe. The South Stream pipeline - funded by Gazprom, Italy's Eni, France's EdF and Germany's Wintershall - is due to start operating in 2015,

Supermarket operator Ahold says 3Q earnings down

Submitted by Fox First at Ten on November 15th

AMSTERDAM (AP) - Royal Ahold NV, the Dutch operator of the U.S. Stop & Shop and Giant supermarket chains, says third quarter earnings fell sharply due to higher tax costs. In its biggest market, the U.S., Ahold's like-for-like sales excluding gasoline fell 1.5 percent to $5.9 billion and

KPN sells German assets for $500 million

Submitted by Fox First at Ten on November 15th

AMSTERDAM (AP) - Royal KPN NV says it has agreed to sell its network of broadcasting towers for mobile telephony in Germany to American Tower Corp. of the U.S. for €393 million (around $500 million). KPN, the Netherlands' largest telecommunications company, also is the third-largest mobile