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Business Highlights

Submitted by Fox First at Ten on November 12th

By The Associated Press ___ Euro nations split on how to help Greece cut debt BRUSSELS (AP) - Greece's international creditors are proposing giving the country two more years to reform its economy, but European finance ministers were split Monday over how to put together a comprehensive

News Summary: Wheat tumbles a second day on report

Submitted by Fox First at Ten on November 12th

By The Associated Press WHEAT TUMBLES: Wheat fell the most in a month, sliding for a second day after the Department of Agriculture raised its estimate for the size of the crop. WEAKER GRAINS: Corn and Soybean also fell sharply. All three had advanced in the summer as concern that a drought

News Summary: US stocks close barely changed

Submitted by Fox First at Ten on November 12th

By The Associated Press SHOULDA STAYED HOME: U.S. stocks closed barely changed Monday amid jitters about government spending cuts and tax increases that will kick in at the beginning of the new year, unless a divided Congress and the White House can work out a compromise before then. QUIET DAY

How the major US stock indexes fared Monday

Submitted by Fox First at Ten on November 12th

By The Associated Press U.S. stocks closed nearly unchanged Monday, after a day of uneven trading plagued by investors' fears about the approaching "fiscal cliff." The fiscal cliff refers to government spending cuts and tax increases that are scheduled to kick in at the beginning of the new

Verizon to pay $8.5 billion dividend to its owners

Submitted by Fox First at Ten on November 12th

BASKING RIDGE, N.J. (AP) - Verizon Wireless said Monday that it will pay a dividend of $8.5 billion next month to its owners, Verizon Communications Inc. and Vodafone Group PLC., by the end of the year. It's the second dividend payment from Verizon Wireless this year. In January, Verizon

Hostess closing 3 bakeries following strike

Submitted by Fox First at Ten on November 12th

By SARAH SKIDMOREAP Business Writer Hostess Brands Inc. is permanently closing three bakeries following a nationwide strike by its bakers union. The maker of Twinkies, Ding Dongs and Wonder Bread said Monday that the strike has prevented it from producing and delivering products, and it is

FDA finds contamination issues at Ameridose

Submitted by Fox First at Ten on November 12th

By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - Federal health inspectors found numerous potential sources of contamination, including leaky ceilings and insects, at a drug-making facility that has the same founders as the specialty pharmacy linked to a deadly meningitis outbreak. The Food

Stocks close little changed as fiscal cliff looms

Submitted by Fox First at Ten on November 12th

By The Associated Press Stocks are closing little changed on Wall Street as investors focus again on the looming "fiscal cliff" faced by the U.S. government. The Dow Jones industrial average ended a quarter point lower than it started Monday, at 12,815. It moved between small gains and losses

Dollar and precious metals at a glance

Submitted by Fox First at Ten on November 12th

NEW YORK (AP) - Key currency exchange rates Monday, compared with late Friday in New York:

Dollar little changed in light trading

Submitted by Fox First at Ten on November 12th

NEW YORK (AP) - The dollar is trading in tight ranges against other major currencies in light trading Monday. Trading is light because of the Veterans Day holiday. The U.S. stock markets were open, but the federal government and the U.S. bond market were closed. There were no economic reports