Business | MyFOX Spokane

Canada to take more time on CNOOC takeover

Submitted by Fox First at Ten on November 3rd

By ROB GILLIESAssociated Press TORONTO (AP) - Canada is taking more time to review Chinese state-owned CNOOC's takeover bid for Canadian oil and gas producer Nexen. It would be China's biggest overseas energy acquisition. Industry Minister Christian Paradis said in a statement Friday

Mood of the Nation: Set back by the housing bust

Submitted by Fox First at Ten on November 3rd

By MATTHEW BROWNAssociated Press BILLINGS, Mont. (AP) - On the eve of the 2012 elections, The Associated Press interviewed dozens of Americans to try to gauge the economic mood of the nation. People were asked about jobs, housing, gas prices, retirement and other issues. Among them were Amanda

Bank failures in Fla., Ill. bring 2012 total to 49

Submitted by Fox First at Ten on November 2nd

WASHINGTON (AP) - Regulators on Friday closed a bank in Florida and one in Illinois, bringing to 49 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized Heritage Bank of Florida, based in Lutz, Fla., and Citizens First National Bank, based in Princeton, Ill. The

Buffett's firm says 3Q profit jumps 72 percent

Submitted by Fox First at Ten on November 2nd

By JOSH FUNKAP Business Writer OMAHA, Neb. (AP) - Warren Buffett's company said Friday its third-quarter profit soared 72 percent because the value of its investments and derivative contracts improved significantly. But Buffett has said he believes Berkshire's operating earnings, which

Figures on government spending and debt

Submitted by Fox First at Ten on November 2nd

WASHINGTON (AP) - Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

News summary: Restoration Hardware shares up

Submitted by Fox First at Ten on November 2nd

By The Associated Press GOOD START: Shares of Restoration Hardware jumped in its first day of trading, up $7.01 or 29.2 percent, to $31.01 in Friday afternoon trading on the New York Stock Exchange. The retailer and its shareholders raised $124 million, selling 5.2 million shares for $24 each.

Stocks sink as investors assess Sandy's damage

Submitted by Fox First at Ten on November 2nd

By The Associated Press Stocks are ending sharply lower on Wall Street as investors assess the potential costs of Superstorm Sandy. The Dow Jones industrial average lost 139 points to end at 13,093 points Friday. The Standard & Poor's 500 index fell 13 points to 1,414. The Nasdaq

Dollar and precious metals at a glance

Submitted by Fox First at Ten on November 2nd

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

Corporations just beginning to tally Sandy's costs

Submitted by Fox First at Ten on November 2nd

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Corporate America is just starting to add up its losses from Superstorm Sandy, expected to be one of the most expensive storms in U.S. history. Delta Air Lines and Verizon were the first two major companies to state the obvious, saying Friday

News Summary: Ralph Lauren's 2Q net income falls

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - SECOND QUARTER: Ralph Lauren says net income for the three months ended Sept. 29 fell to $213.7 million, or $2.29 per share, from $233.5 million, or $2.46 per share, last year. Analysts expected $2.15 per share. Revenue fell 2 percent to $1.86 billion. BEHIND THE FIGURES: A planned