Business | MyFOX Spokane

Mitsubishi Motors profit improves on cost cuts

Submitted by Fox First at Ten on October 30th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Mitsubishi Motor Corp.'s fiscal second-quarter net profit improved 60 percent to 10.1 billion yen ($126 million) on cost cuts, but the Japanese automaker lowered its projection Tuesday for China, where a bitter territorial dispute is sending

Japan central bank ups asset buys to aid economy

Submitted by Fox First at Ten on October 30th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's central bank expanded a government bond-buying program Tuesday, vowing to spur growth as it further downgraded the country's economic outlook following declines in industrial output and household spending in September. Under

NGOs: Restrict EU trade with Israeli settlements

Submitted by Fox First at Ten on October 30th

By DON MELVINAssociated Press BRUSSELS (AP) - A group of aid organizations proposed Tuesday that products from Israeli settlements no longer be allowed to bear a "Made in Israel" label when they're sold inside the European Union. The report - produced by 22 aid, development and church

Virgin Australia offers $102 million for Skywest

Submitted by Fox First at Ten on October 29th

SYDNEY (AP) - Virgin Australia Holdings, the nation's second-largest airline, announced Tuesday a 99 million Australian dollar ($102 million) takeover offer for regional carrier Skywest Airlines and revealed it had bought a 60 percent stake in budget domestic rival Tiger Airways Australia for

Biographical details on Apple's John Browett

Submitted by Fox First at Ten on October 29th

By The Associated Press Apple Inc. announced a reorganization of its top ranks on Monday that includes the departure of two executives. Below are some biographical details on one of them, John Browett, who's headed Apple's retail business. NAME: John Browett TITLE AT APPLE: Senior vice

Regulators: Financial system operating normally

Submitted by Fox First at Ten on October 29th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Though U.S. stock trading was suspended Monday because of Hurricane Sandy, the parts of the financial system that stayed open functioned normally, the Treasury Department says. Financial regulators found that systems involving payments,

Hurricane Sandy wreaks havoc on small businesses

Submitted by Fox First at Ten on October 29th

By JOYCE M. ROSENBERGAP Business Writer NEW YORK (AP) - Hurricane Sandy wreaked havoc on small businesses along the East Coast Monday, keeping employees and customers away. At Angelo's Civita Farnese, a restaurant in Providence, R.I., the lunchtime crowd didn't materialize and few

Sandy leaves death, damp and darkness in wake

Submitted by Fox First at Ten on October 29th

By ALLEN G. BREED and TOM HAYSAssociated Press NEW YORK (AP) - As Superstorm Sandy marched slowly inland, millions along the East Coast awoke Tuesday without power or mass transit, with huge swaths of the nation's largest city unusually vacant and dark. New York was among the hardest hit,

Hurricane Sandy shuts stock trading for 2 days

Submitted by Fox First at Ten on October 29th

By BERNARD CONDONAP Business Writer NEW YORK (AP) - Remember when President Grover Cleveland ran for a second consecutive term, Jack the Ripper spread terror in London and Kaiser Wilhelm II became German emperor? Yes, it's been that long. On Monday, shortly after midday, the New York Stock

TD Ameritrade 4Q profit drops nearly 13 percent

Submitted by Fox First at Ten on October 29th

By JOSH FUNKAP Business Writer OMAHA, Neb. (AP) - TD Ameritrade Holding Corp. on Monday reported a 13 percent drop in its fiscal fourth-quarter profit as low interest rates and slower trading restricted the online brokerage's revenue. The Omaha-based company posted net income of $143