Business | MyFOX Spokane

Business events scheduled for the coming week

Submitted by Fox First at Ten on November 16th

By The Associated Press MONDAY, Nov. 19 WASHINGTON - National Association of Home Builders releases housing market index for November, 10 a.m.; National Association of Realtors releases existing home sales for October, 10 a.m. Lowe's Cos. Inc. reports quarterly financial results. TUESDAY,

Audit shows US housing agency faces $16.3B losses

Submitted by Fox First at Ten on November 16th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - A federal agency that insures mortgages for millions of low- and middle-income borrowers is facing losses of $16.3 billion and may require taxpayer support, according to an independent audit released Friday. The Federal Housing Administration

Earnings schedule for week of 11/19/2012

Submitted by Fox First at Ten on November 16th

By The Associated Press Major companies tentatively scheduled to report quarterly earnings next week: Monday Lowe's Cos. Inc. reports quarterly financial results. Tuesday Best Buy Co. Inc. reports quarterly financial results. Hewlett-Packard Co. reports quarterly financial results.

Stocks turn higher as fiscal talks progress

Submitted by Fox First at Ten on November 16th

NEW YORK (AP) - Stocks turned higher after Congressional leaders reported progress in talks with President Barack Obama about cutting the U.S. government's budget deficit. The Dow Jones industrial average was down as much as 71 points in late morning trading but turned higher after House

Pfizer: Once-a-day Lyrica failed in epilepsy trial

Submitted by Fox First at Ten on November 16th

NEW YORK (AP) - Pfizer says that a long-lasting version of its anti-seizure drug Lyrica failed to significantly decrease epilepsy symptoms when compared with placebo. The company said Friday that a study of two doses of once-a-day pregabalin CR showed the pills were well tolerated, but did not meet

Glum Spain hosts summit for booming Latam nations

Submitted by Fox First at Ten on November 16th

By ALAN CLENDENNING and JORGE SAINZAssociated Press CADIZ, Spain (AP) - In an historic role reversal, recession-hit Spain and Portugal on Friday courted the Latin American leaders of their former colonies, countries that now enjoy some of the strongest economic growth in the world. Spain's

David Petraeus and 5 other cheaters busted by technology

Submitted by Fox First at Ten on November 16th

By Andrew CoutsProvided by If there's one lesson we can all learn from the David Petraeus sex scandal, it's that technology is a real bummer -- for cheaters, at least. Petraeus, who resigned as Director of the CIA last Friday, was caught cheating on his wife by the FBI thanks to a few