Business | MyFOX Spokane

Asia stocks down on US manufacturing report

Submitted by Fox First at Ten on December 3rd

By By PAMELA SAMPSONAssociated Press BANGKOK (AP) - A weaker-than-expected U.S. manufacturing report sent Asian stock markets down Tuesday. U.S. manufacturing shrank in November to its weakest level since July 2009. The Institute for Supply Management said Monday that its index of manufacturing

AP IMPACT: China overtaking US as global trader

Submitted by Fox First at Ten on December 3rd

By By JOE McDONALD and YOUKYUNG LEEAP Business Writers SEOUL, South Korea (AP) - Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade. But this year, he uprooted his family from Detroit and moved home to

Russia, Turkey downplay Syria differences

Submitted by Fox First at Ten on December 3rd

By By VLADIMIR ISACHENKOVAssociated Press ISTANBUL (AP) - The leaders of Russia and Turkey on Monday downplayed differences over the Syrian civil war, saying they shared the common goal of trying to end the humanitarian crisis there and hailing their countries' booming trade ties. President

Singapore in talks to sell Virgin Atlantic stake

Submitted by Fox First at Ten on December 3rd

SINGAPORE (AP) - Singapore Airlines said Monday it's in talks to sell its 49 percent stake in billionaire Richard Branson's Virgin Atlantic. The airline said in a statement it's in discussions with "interested parties" about a sale. A person with knowledge of the possible deal told The

Asia stocks rise on improved China manufacturing

Submitted by Fox First at Ten on December 3rd

By By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets rose Monday after surveys showed a recovery in China's manufacturing gained momentum in November. HSBC's Purchasing Managers' Index rose to 50.5 in November on a 100-point scale on which numbers above 50

News Corp Int'l news chief to step down

Submitted by Fox First at Ten on December 3rd

NEW YORK (AP) - The head of media conglomerate News Corp.'s U.K. newspaper operations is stepping down. Tom Mockridge, who was CEO of News International since July 2011, will leave the company at year-end to pursue outside opportunities, the company said in a statement Sunday. Mockridge joined

Reports: Delta in talks for Virgin Atlantic stake

Submitted by Fox First at Ten on December 2nd

NEW YORK (AP) - Delta Air Lines Inc. is mulling the purchased of a 49 percent stake in British airline Virgin Atlantic Airways from Singapore Airlines Ltd., according to media reports. The remaining 51 percent of Virgin Atlantic is owned by billionaire Richard Branson, who founded the airline in

Money _ maybe too much _ pours into junk bonds

Submitted by Fox First at Ten on December 2nd

By By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - The money manager's job is supposed to be straightforward: Take people's cash and put it to work. The more money that comes in, the bigger the manager's paycheck. So why would two of the country's largest fund managers tell

Israeli TV station agrees to financial rescue deal

Submitted by Fox First at Ten on December 2nd

JERUSALEM (AP) - The owner of an Israeli TV station facing crippling debts says he has agreed to government terms to keep it on the air. Executives from Channel 10, known for its aggressive investigative reporting, have charged that the government hindered the channel's rescue, hoping to

Boehner tells Geithner, 'You can't be serious'

Submitted by Fox First at Ten on December 2nd

WASHINGTON (AP) - House Speaker John Boehner says he was "flabbergasted" when Treasury Secretary Tim Geithner (GYT'-nur) pitched the White House plan to save the nation from the "fiscal cliff." Boehner tells "Fox News Sunday" that after Geithner briefed him privately on Thursday, he looked at