Business | MyFOX Spokane

When working from home goes wrong

Submitted by Fox First at Ten on November 2nd

By ANNE D'INNOCENZIO and MAE ANDERSONAP Retail Writers NEW YORK (AP) - Nearly every office dweller fantasizes about the joys of working from home: Dressing in PJs instead of suits. Eating from the fridge and not the vending machine. Listening to birds chirp instead of the boss bark. But

Supervalu to lay off 700 at its Shaw's chain

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - Supervalu is cutting 700 positions at grocery stores at a subsidiary in New England, two weeks after it posted a loss for the second quarter and said it was considering selling the company. The company said Friday that the job cuts will take place at 169 Shaw's and Star Market

Thomson Reuters 3Q net income grows, revenue falls

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - Thomson Reuters said Friday that third-quarter net income rose 25 percent, helped by a tax benefit, as revenue declined amid a challenging economic environment. The news and financial information company earned $462 million, or 56 cents per share, in the July-September period. That

News Summary: Chevron profit hurt by lower prices

Submitted by Fox First at Ten on November 2nd

By The Associated Press SLIPPING: Chevron Corp., the nation's second-largest oil company, reported third-quarter net income of $5.25 billion, or $2.69 per share. Revenue totaled $55.66 billion. CRUDE AWAKENING: The sluggish global economy has cut into worldwide demand for energy products

Dollar rises to 1-month high vs euro on jobs data

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - The dollar jumped to a one-month high against the euro Friday after U.S. employers added more jobs last month than economists had expected. The Labor Department said U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought.

US drops 26 to 1,800 rigs exploring for oil, gas

Submitted by Fox First at Ten on November 2nd

HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the U.S. dropped this week by 26 to 1,800. Texas-based oilfield services company Baker Hughes Inc. reported Friday that 1,373 rigs were exploring for oil and 424 were searching for gas. Three were listed as

Schilling calls suit political, denies wrongdoing

Submitted by Fox First at Ten on November 2nd

By ERIKA NIEDOWSKIAssociated Press PROVIDENCE, R.I. (AP) - Former Red Sox pitcher Curt Schilling on Friday called a lawsuit brought against him by Rhode Island's economic development agency "political" and denied wrongdoing in connection with a $75 million loan guarantee the state gave his

Some airlines fear jet fuel shortage in New York

Submitted by Fox First at Ten on November 2nd

By SCOTT MAYEROWITZAP Airlines Writer NEW YORK (AP) - Fears of a jet fuel shortage at New York's airports have led some airlines to take the unusual - and costly - step of putting extra fuel on planes. The worries have emerged following Superstorm Sandy, which has disrupted the flow of fuel

Delek Logistics common units jump 11 pct in debut

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - Delek Logistics Partners LP's common units jumped more than 6 percent in their first day of trading on the New York Stock Exchange. The units rose 6.4 percent to close at $22.35 Friday. Delek Logistics is a limited partnership formed by Delek U.S. Holdings Inc. to own crude oil

Stocks slip, erasing an early gain; insurers sink

Submitted by Fox First at Ten on November 2nd

By The Associated Press Stocks are drifting lower on Wall Street in midday trading, giving up an early gain driven by a strong jobs report. Insurers plunged as traders considered the potential costs of Superstorm Sandy. Shortly before noon, the Dow Jones industrial average was down 40 points at