Business | MyFOX Spokane

How the stock market has performed on Election Day

Submitted by Fox First at Ten on November 6th

By The Associated Press The U.S. stock market was closed on Election Day through the 1980 election. How it has performed on Election Day in the years since: - Nov. 6, 1984: Hours before Ronald Reagan beats Walter Mondale in a landslide for re-election, and with the economy healing after a deep

Poster collection seized by Nazis to be sold

Submitted by Fox First at Ten on November 6th

BERLIN (AP) - An American Jewish man whose father's extensive collection of unique posters was seized by the Nazis and only returned after years of legal battles is looking for a buyer. Attorney Gary Osen, who represented Peter Sachs in his fight to get back the collection of some 4,000 posters

Measure of US home prices rises most in 6 years

Submitted by Fox First at Ten on November 6th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. The

Measure of US home prices rise most in 6 years

Submitted by Fox First at Ten on November 6th

Freddie Mac posts $2.9B net income for Q3

Submitted by Fox First at Ten on November 6th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - Mortgage giant Freddie Mac earned $2.9 billion from July through September, its fourth straight profitable quarter. The government-controlled company attributed the gain to rising home prices and fewer mortgage delinquencies. Freddie said

US futures head higher with polls opening

Submitted by Fox First at Ten on November 6th

NEW YORK (AP) - Stock futures headed higher in light trading Tuesdsay with polls opening on the East Coast. Dow Jones industrial futures rose 31 points to 13,084. The broader S&P futures tacked on 4 points to 1,416. Nasdaq futures rose 11.75 points to 2,674. For the second day in a row, many

German lawmakers to study Cyprus intel report

Submitted by Fox First at Ten on November 6th

BERLIN (AP) - German lawmakers say they will be allowed to review a classified intelligence report on alleged Russian money laundering in Cyprus before voting on a bailout for the country. Cyprus is negotiating with its European partners to receive rescue loans because of its stalling economy and

CVS Caremark 3Q profit up 16 pct. as sales rise

Submitted by Fox First at Ten on November 6th

By LINDA A. JOHNSONAP Business Writer CVS Caremark Corp. said Tuesday that its third-quarter earnings climbed 16 percent. The drugstore operator and pharmacy benefits manager posted revenue increases in both businesses, benefiting from new customers won from rivals, and raised its full-year

France to give businesses $25 billion tax break

Submitted by Fox First at Ten on November 6th

By SARAH DiLORENZOAP Business Writer PARIS (AP) - France's government has promised €20 billion ($25 billion) in tax credits to businesses as part of a "competitiveness pact" that it hopes will spark innovation and lower unemployment - but falls short of calls in a recent report for a "shock

Nissan profit rises 8 percent, cuts forecasts

Submitted by Fox First at Ten on November 6th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Nissan's quarterly profit rose nearly 8 percent, but the Japanese automaker lowered its full-year forecasts Tuesday because of a sales slump in China and weakness in Europe. Nissan Motor Co. reported a July-September net profit of 106 billion