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Rates dip at weekly US Treasury bill auction

Submitted by Fox First at Ten on November 5th

WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction with rates on six-month bills dropping to the lowest level in four weeks. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.105 percent, down from 0.125 percent last

News Summary: Ryanair raises outlook for year

Submitted by Fox First at Ten on November 5th

By The Associated Press THE NUMBERS: Irish budget airline Ryanair's April-September profit rose 10 percent, while revenue rose 15 percent. Average fares rose 6 percent, while passenger volume rose 7 percent. RAISED OUTLOOK: Based on its strong summer, Ryanair raised its profit guidance for

News Summary: Greek unions launch new actions

Submitted by Fox First at Ten on November 5th

By The Associated Press THE SHOWDOWN: Greek unions on Monday launched three days of escalating strikes against austerity proposals that must win lawmakers' support if the debt-crippled country is to get more aid and stave off bankruptcy. THE STAKES: The spending cuts and tax hikes sought by

Dollar rises to 2-month high against euro

Submitted by Fox First at Ten on November 5th

NEW YORK (AP) - Resurgent fears that Greece may leave the euro pushed the dollar to a two-month high against the 17-nation currency on Monday. Traders also bought dollars a day before the U.S. presidential election, which is expected to be a tight race. The dollar is considered a safe haven

News Summary: Jobs dwindle during green debate

Submitted by Fox First at Ten on November 5th

By The Associated Press HEADWINDS: The wind energy boom President Barack Obama touted as key to his energy strategy has hit a wall in an election-year dispute over taxpayer support for renewable energy. PUSHING/PULLING: The government poured billions of dollars into renewable energy, hoping to

News Summary: China's next leaders may curb Macau

Submitted by Fox First at Ten on November 5th

By The Associated Press MACAU QUESTIONS: Hordes of Chinese high rollers flooding into Macau have turned the city into an Asian casino boomtown, but they're also posing a challenge for China's next generation of leaders. LEADERSHIP CHANGE: China holds a once-a-decade Communist Party

Relief at pump ahead for NY area drivers

Submitted by Fox First at Ten on November 5th

By SAMANTHA BOMKAMPAP Business Writer NEW YORK (AP) - Drivers in the New York area may soon get relief from long lines and higher gas prices. A week after Superstorm Sandy hit the area, the price of gas has increased 10 cents per gallon or more in the New York City area and in hard-hit parts of

Security firm G4S downgraded after Olympic mess

Submitted by Fox First at Ten on November 5th

LONDON (AP) - Standard & Poor's has downgraded its credit rating for the U.K.-based security firm G4S by one notch to BBB-, citing the company's poor handling of its contract with the London Olympics. G4S fell short of fulfilling its contractual obligation to provide trained personnel

Stocks flat ahead of election

Submitted by Fox First at Ten on November 5th

NEW YORK (AP) - Stocks are hovering around break-even as Wall Street counts down to the election. At midday, the Dow Jones industrial average is down 11 points at 13,082. The Standard & Poor's 500 is off a point at 1,413. And the Nasdaq composite index is up six at 2,988. Trading is

Cyprus denies claim it's Russian dirty money haven

Submitted by Fox First at Ten on November 5th

By MENELAOS HADJICOSTISAssociated Press NICOSIA, Cyprus (AP) - Cyprus' government on Monday dismissed a German media report that claims a financial bailout for the island nation would primarily benefit Russians who have stashed billions in ill-gotten gains in its banks. Government spokesman