Business | MyFOX Spokane

Storm-crippled NYC subway creaks back into service

Submitted by Fox First at Ten on November 1st

By ADAM GELLER and MEGHAN BARRAssociated Press NEW YORK (AP) - Subways started running again in much of New York City on Thursday for the first time since Superstorm Sandy, but traffic at bridges backed up for miles, long lines formed at gas stations, and big crowds waited impatiently for buses

Lower oil prices weigh on Shell in Q3

Submitted by Fox First at Ten on November 1st

By TOBY STERLINGAssociated Press AMSTERDAM (AP) - Royal Dutch Shell PLC saw its core earnings fall 15 percent in the third quarter on the back of lower oil and gas prices and insisted that its strategy to boost production was on track despite failing to strike oil in Alaska before the onset of

Oil prices rise on supply constraints in Northeast

Submitted by Fox First at Ten on November 1st

By SANDY SHOREAP Business Writer The price of oil is rising as operations at refineries and supply terminals in the Northeast remain restricted three days after Superstorm Sandy. Benchmark oil gained 60 cents Thursday to $86.84 per barrel in New York. Power outages are hampering refineries,

Chinese manufacturing strength shores up markets

Submitted by Fox First at Ten on November 1st

By PAN PYLASAP Business Writer LONDON (AP) - Chinese shares led global markets higher on Thursday after surveys showed the country's manufacturing sector is improving and ahead a raft of U.S. jobs data that could affect to race to the White House. Investors were breathing a sigh of relief

Internet rolls into Bangladesh villages on a bike

Submitted by Fox First at Ten on November 1st

By FARID HOSSAINAssociated Press JHARABARSHA, Bangladesh (AP) - Amina Begum had never seen a computer until a few years ago, but now she's on Skype regularly with her husband. A woman on a bicycle brings the Internet to her. Dozens of "Info Ladies" bike into remote Bangladeshi villages with

China fund buys stake in London's Heathrow airport

Submitted by Fox First at Ten on November 1st

BEIJING (AP) - The Chinese government's main sovereign wealth fund said Thursday it has bought a 10 percent stake in the operator of London's Heathrow Airport, expanding its investments in British infrastructure. China Investment Corp. gave no financial details but Ferrovial, the Spanish

China fund buys stake in London's Heathrow Airport

Submitted by Fox First at Ten on November 1st

BEIJING (AP) - The Chinese government's main sovereign wealth fund says it has bought a 10 percent stake in the operator of London's Heathrow Airport, expanding its investments in British infrastructure. China Investment Corp. gave no financial details Thursday but Ferrovial, the Spanish

Mood of the Nation: Struggling but seeking no help

Submitted by Fox First at Ten on November 1st

By MITCH WEISSAssociated Press CHARLOTTE, N.C. (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 was Ray Arvin

Nomura slapped with fine in insider trading case

Submitted by Fox First at Ten on November 1st

TOKYO (AP) - The Tokyo Stock Exchange has slapped a fine of 200 million yen ($2.5 million) against Nomura Securities Co. as penalty for an insider trading scandal, in which top executives resigned at the Japanese brokerage. The fine, imposed Wednesday, was the highest ever by the exchange. It

China manufacturing improves in October

Submitted by Fox First at Ten on November 1st

By JOE McDONALDAP Business Writer BEIJING (AP) - China's manufacturing improved in October, adding to signs the world's second-largest economy might be recovering from its deepest slump since the 2008 global crisis, two business surveys showed Thursday. The state-sanctioned China