Business | MyFOX Spokane

BBC Trust chairman defends payoff to former chief

Submitted by Fox First at Ten on November 27th

By ROBERT BARRAssociated Press LONDON (AP) - The BBC paid its former director-general $772,000 after only 54 days at the helm because it was the only viable way to get him to leave in the wake of the broadcaster's sex abuse scandal, the chairman of its governing body said Tuesday. George

US orders for core capital goods up 1.7 percent

Submitted by Fox First at Ten on November 27th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. companies in October increased their orders of machinery and equipment that signal investment plans by the largest amount in five months, a hopeful sign for future economic growth. Orders for core capital goods, considered a proxy

ConAgra buying Ralcorp for about $5 billion

Submitted by Fox First at Ten on November 27th

OMAHA, Neb. (AP) - ConAgra Foods is buying the private-label food maker Ralcorp for about $5 billion, which will make it North America's biggest manufacturer of cereals, crackers and other packaged foods sold under store brands. The deal caps a year of acquisitions for ConAgra, which makes

Israeli billionaire questioned on alleged fraud

Submitted by Fox First at Ten on November 27th

JERUSALEM (AP) - Israeli regulators say one of the country's wealthiest businessmen has been questioned on suspicion of securities fraud. IDB Holding Corp. notified the Tel Aviv Stock Exchange on Tuesday that its chairman, Nochi Dankner, was questioned about the alleged offenses. Dankner said

Google launches campaign against possible fees

Submitted by Fox First at Ten on November 27th

BERLIN (AP) - Google is launching a new campaign in Germany to protest against possible copyright restrictions being discussed in the country's Parliament. The "Defend Your Web" campaign started Tuesday seeks to mobilize Google users against plans to introduce a so-called "Google Tax". The levy

OECD: Europe weighing on global economy

Submitted by Fox First at Ten on November 27th

By ANGELA CHARLTONAssociated Press PARIS (AP) - The global economy could easily slide back into recession if its major problems - like U.S. budget standoffs and Europe's lack of jobs - are left to fester, a leading international economic body said Tuesday. In its half-yearly update, the

Ericsson sues Samsung for patent infringement

Submitted by Fox First at Ten on November 27th

STOCKHOLM (AP) - Swedish wireless equipment maker LM Ericsson has filed a lawsuit in the United States against Samsung Electronics Co. for infringing its patents, saying two years of negotiations to strike a deal with the South Korean company have been unsuccessful. Ericsson says the lawsuit

Greek bankruptcy averted _ for now

Submitted by Fox First at Ten on November 27th

By NICHOLAS PAPHITIS and PAN PYLASAssociated Press ATHENS, Greece (AP) - European and global financial leaders have agreed to release €44 billion ($57 billion) in critical loans to Greece and provide billions in additional debt relief in order to help the country stabilize its ailing economy.

Taiwan media deal sparks anti-China protests

Submitted by Fox First at Ten on November 27th

By PETER ENAVAssociated Press TAIPEI, Taiwan (AP) - Asian media mogul Jimmy Lai's sale of his Taiwan holdings to a Taiwanese group that includes an outspoken, pro-China businessman has sparked protests in Taipei as fears grow it will rein in a source of lively, independent reporting on the

HK car park investment craze raises bubble fear

Submitted by Fox First at Ten on November 27th

By KELVIN CHANAP Business Writer HONG KONG (AP) - Investors looking for new places to park their cash in Hong Kong are driving up prices for parking spaces, sparking fears of a bubble in the Asian financial center. Prices for parking spots in Hong Kong are nearing historic highs, the side