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BP, AAR settle all disputes from TNK-BP

Submitted by Fox First at Ten on November 13th

LONDON (AP) - British oil company BP and its Russian partner AAR say they have settled all disputes between them as both prepare to sell their stakes in their lucrative but contentious joint venture, TNK-BP. Both have agreed to sell their positions to the Russian state-controlled oil company

Olympus investors seek $240 million compensation

Submitted by Fox First at Ten on November 13th

TOKYO (AP) - Olympus Corp. says nearly 50 shareholders have filed a suit seeking 19.1 billion yen ($240 million) in compensation for their investment losses stemming from a massive accounting scandal. The Japanese camera and medical equipment maker said Tuesday that 48 mostly foreign institutional

Late-payment rate on mortgages declined in 3Q

Submitted by Fox First at Ten on November 13th

By ALEX VEIGAAP Real Estate Writer LOS ANGELES (AP) - U.S. homeowners are doing a better job of keeping up with their mortgage payments, aided by an improving housing market and low interest rates that are making it easier to refinance. The percentage of mortgage holders at least two months

US futures dip as optimism about Greece cools

Submitted by Fox First at Ten on November 13th

NEW YORK (AP) - U.S. stock futures are heading lower as a deal to rescue the Greek economy now looks much less iron clad than it had just one day ago, pushing markets down in Asia and Europe. Dow Jones industrial futures are down 64 points to 13,716. The broader S&P futures have fallen 7.8

Sliding doors. Seats 7. Not a minivan, Ford says

Submitted by Fox First at Ten on November 13th

By DEE-ANN DURBINAP Auto Writer DEARBORN, Mich. (AP) - It looks like a minivan. It has sliding doors like a minivan. So why isn't Ford calling its new seven-seater a minivan? For the same reason you don't wear mom jeans or listen to Barry Manilow: It's not cool. The Transit Connect

Tips to snag seats together on holiday flights

Submitted by Fox First at Ten on November 13th

By SCOTT MAYEROWITZAP Airlines Writer NEW YORK (AP) - Flying this Thanksgiving and worried that you won't be able to sit with family? You're not alone. Nearly 24 million people are expected to fly during the 12 days surrounding Thanksgiving, up slightly from last year.

Cyprus Central Bank urges bailout deal by December

Submitted by Fox First at Ten on November 13th

NICOSIA, Cyprus (AP) - Cyprus' Central Bank chief says "it's very important" to sign a bailout agreement with potential creditors by next month in order to calm jittery investors. Panicos Demetriades says investment firm PIMCO and auditors Deloitte will come up with a preliminary figure

Intesa Sanpaolo Q3 profits down 21 percent

Submitted by Fox First at Ten on November 13th

MILAN (AP) - Italian bank Intesa Sanpaolo SpA on Tuesday reported third-quarter profits fell 21 percent due higher taxes and higher provisions for bad loans. The bank reported net income of €414 million (€525 million) for the quarter that ended Sept. 30, down from €527 million a year earlier. The

Survey: Biz owners stayed cautious before election

Submitted by Fox First at Ten on November 13th

NEW YORK (AP) - Small business owners remained cautious in October as they awaited the outcome of the presidential election, according to a survey released Tuesday by the National Federation of Independent Business. The NFIB's index of owner optimism rose 0.3 point to 93.1. It has fluctuated in

IMF opens talks on new loan deal with Serbia

Submitted by Fox First at Ten on November 13th

BELGRADE, Serbia (AP) - The International Monetary Fund has opened talks with Serbia that could potentially lead to a new loan deal for the Balkan country. The talks which started Tuesday will focus on pledges by Serbia's new government to slash public spending in a 2013 draft budget. Serbia