Business | MyFOX Spokane

Twinkie maker Hostess to close down, sell brands

Submitted by Fox First at Ten on November 21st

By CANDICE CHOIAP Food Industry Writer WHITE PLAINS, N.Y. (AP) - Twinkies, Ho Hos and Wonder Bread are up for sale now that a bankruptcy judge cleared the way for Hostess Brands Inc. to fire its 18,500 workers and wind down its operations. A last-ditch effort to end a strike with Hostess'

Dollar and precious metals at a glance

Submitted by Fox First at Ten on November 21st

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

Oil ends higher, above $87 a barrel

Submitted by Fox First at Ten on November 21st

By The Associated Press The price of oil rose Wednesday afternoon following the announcement of a cease-fire agreement to end a week of fighting between Israel and Hamas militants. On the New York Mercantile Exchange: Benchmark crude rose 63 cents to finish at $87.38 per barrel. Gasoline rose 3

A look at deals, services retailers are offering

Submitted by Fox First at Ten on November 21st

By The Associated Press Retailers from Wal-Mart to Macy's are doing everything they can to make it easier for more finicky shoppers to spend money during the holidays, from expanding store hours over the holiday weekend to offering more shipping options. Here's a closer look at the

News Summary: Deere & Co. 4Q results

Submitted by Fox First at Ten on November 21st

By The Associated Press DOWN ON THE FARM: Deere & Co. predicted a profit of about $3.2 billion, better than analysts expected. But it was cautious on several fronts. And fourth-quarter results missed analysts' expectations. 2013 FARM EQUIPMENT SPENDING HARVEST: U.S.: Flat. Europe: Flat

Bill Barrett shares fall after gas explosion

Submitted by Fox First at Ten on November 21st

NEW YORK (AP) - Shares of Bill Barrett Corp. fell Wednesday after the oil and gas company shut down about a quarter of its production because a Utah facility was damaged in an explosion Tuesday. The blast severely damaged a compressor station, injured two workers and led the company to shut down

News Summary: Gauge of US economy up 0.2 percent

Submitted by Fox First at Ten on November 21st

By The Associated Press SLOW GROWTH: A measure of the U.S. economy intended to signal future activity rose slightly last month, suggesting growth could stay weak. The Conference Board's index of leading indicators increased 0.2 percent in October after a 0.5 percent gain in September. The

News Summary: Sandy boosts US jobless data

Submitted by Fox First at Ten on November 21st

By The Associated Press SANDY SPARKS LAYOFFS: U.S. unemployment benefit applications were elevated for a second straight week because Superstorm Sandy forced many people to seek temporary aid. First-time applications fell 41,000 last week to a seasonally adjusted 410,000, the Labor Department

News Summary: US 30-yr mortgage rate at record low

Submitted by Fox First at Ten on November 21st

By The Associated Press RATES AT RECORD LOW: Average U.S. mortgage rates fell to fresh record lows this week, a trend that is boosting home sales. THE NUMBERS: Mortgage buyer Freddie Mac said the average 30-year loan rate dipped to 3.31 percent, the lowest on records dating back to 1971. The

News summary: Stores ramp up services for shoppers

Submitted by Fox First at Ten on November 21st

By The Associated Press THE NEWS: Retailers from discounter Wal-Mart to department-store chain Macy's are doing everything they can to make it easier for finicky shoppers to spend their money during the busy holiday shopping season. THE SERVICES: Several stores are opening on Thanksgiving