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Sandy unlikely to damage US economy, analysts say

Submitted by Fox First at Ten on October 29th

By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGERAP Economics Writers WASHINGTON (AP) - Airlines canceled thousands of flights and stranded travelers. Insurers braced for damages of up to $5 billion. Retailers expected shrunken sales. Hurricane Sandy is causing disruptions for companies,

UPS sees delivery of 527 million holiday packages

Submitted by Fox First at Ten on October 29th

NEW YORK (AP) - UPS expects to deliver 527 million packages between Thanksgiving and Christmas this year, surpassing last year's record high by 10 percent. The world's largest package delivery company estimates 28 million of those will be delivered on Thursday, Dec. 20 - projected to be the

Former UBS trader says he was no rogue

Submitted by Fox First at Ten on October 29th

LONDON (AP) - A former UBS trader accused of fraud says he wasn't acting as a rogue trader when he lost $2.3 billion. Kweku Adoboli took the stand for a second day in his trial at London's Southwark Crown Court, telling the jury the losses came after senior traders persuaded him to change

Refineries scale back as storm moves in; oil falls

Submitted by Fox First at Ten on October 29th

By JOSHUA FREEDAP Business Writer The biggest refineries in the Northeast shut down or throttled back sharply on Monday as Hurricane Sandy moved in. Oil prices fell as it appeared the massive storm will reduce demand by keeping drivers off the road and shutting businesses. Owners of the six

An uneasy economy, and those living through it

Submitted by Fox First at Ten on October 29th

By CALVIN WOODWARD and MITCH WEISSAssociated Press CHARLOTTE, N.C. (AP) - Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. His Mr. Gutter business was booming in the Pennsylvania Poconos. Now: "We mainly

Greek publisher in court over Swiss bank names

Submitted by Fox First at Ten on October 29th

By DEREK GATOPOULOSAssociated Press ATHENS, Greece (AP) - A Greek publisher appeared in court Monday following the publication in his magazine of a list of the names of more than 2,000 Greek residents with Swiss bank accounts, a case that has caused political controversy during the country'

US consumer spending rose 0.8 percent in September

Submitted by Fox First at Ten on October 29th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Americans increased their spending in September at twice the rate that their income grew, a sign of confidence in the economy. Still, consumers made up the difference by saving less for a third straight month, a troubling trend. The

US consumer spent 0.8 percent more in September than August, income increased 0.4 percent

Submitted by Fox First at Ten on October 29th

WASHINGTON (AP) - US consumer spent 0.8 percent more in September than August, income increased 0.4 percent. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Finland's 3 main parties keep lead in local vote

Submitted by Fox First at Ten on October 29th

By MATTI HUUHTANENAssociated Press HELSINKI (AP) - Finland's three leading political parties retained their top positions in an election for 10,000 local government seats, with gains by a populist euroskeptic party falling below predictions. With all the votes counted on Monday,

News Summary: Clean Harbors buying Safety-Kleen

Submitted by Fox First at Ten on October 29th

By Associated Press NORWELL, Mass. (AP) - THE TRANSACTION: Clean Harbors Inc. is buying Safety-Kleen Inc. for $1.25 billion in cash as it looks to enter smaller markets and expand its waste treatment capabilities. Clean Harbors also said that it will be better able to capitalize on increasing