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Stocks higher after strong retail sales report

Submitted by Fox First at Ten on October 15th

NEW YORK (AP) - Stocks are opening higher on Wall Street after a strong report on retail sales. The Commerce Department says retail sales rose 1.1 percent last month after a 1.2 percent increase in August. Those are the largest gains since October 2010 and could reflect growing confidence in the

Profits slide 5.7 percent at India's Reliance

Submitted by Fox First at Ten on October 15th

By ERIKA KINETZAP Business Writer MUMBAI, India (AP) - India's Reliance Industries reported a 5.7 percent slide in profits in the July to September quarter from a year earlier, as it scaled back investment in the country's largest oil and gas fields. Net profit was 53.8 billion rupees

Confident consumers give US retail sales a lift

Submitted by Fox First at Ten on October 15th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Americans spent more money at retailers in September - a buying surge that reflected growing consumer confidence and the launch of the latest iPhone. Retail sales jumped 1.1 percent last month, producing the best two months of sales in

Mortgage comeback? Citigroup isn't so sure

Submitted by Fox First at Ten on October 15th

By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - Citigroup isn't as enthusiastic as its peers about a comeback in the housing market. On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top

US futures rebound after last week's sell-off

Submitted by Fox First at Ten on October 15th

NEW YORK (AP) - Stock futures rebounded Monday after the worst trading week in more than four months, as retailers put up strong numbers and economists awaited more indications of rising optimism for other sectors. Dow Jones industrial futures rose 50 points to 13,295. The broader S&P futures

Pizza Hut rethinks presidential debate stunt

Submitted by Fox First at Ten on October 15th

By CANDICE CHOI and MAE ANDERSONAssociated Press NEW YORK (AP) - Pizza Hut is rethinking its contest daring people to ask "Sausage or Pepperoni?" at the presidential debate Tuesday. After the stunt triggered backlash last week, the company says it's moving the promotion online, where a

Here are the winners of this year's Nobel Prizes

Submitted by Fox First at Ten on October 15th

By The Associated Press Here are the winners of this year's Nobel prizes by category: - ECONOMICS Americans Alvin Roth and Lloyd Shapley for the theory of stable allocations and the practice of market design, which among other things explains market processes at work when doctors are

Recent winners of Nobel economics prize

Submitted by Fox First at Ten on October 15th

By The Associated Press Recent winners of the Nobel Memorial Prize in Economic Sciences, and their research: - 2012: Americans Alvin Roth and Lloyd Shapley for the theory of stable allocations and the practice of market design. - 2011: Americans Thomas Sargent and Christopher Sims for their

Fiat Industrial: CNH rejects merger proposal

Submitted by Fox First at Ten on October 15th

By COLLEEN BARRYAP Business Writer MILAN (AP) - U.S. farm and industrial vehicle group CNH has rejected a merger proposal from its parent, Fiat Industrial, the Italian company said in a statement Monday. Fiat Industrial, which already owns 88 percent of CNH, said in a statement that it has

Germans face hefty bill to end nuclear power

Submitted by Fox First at Ten on October 15th

By JUERGEN BAETZAssociated Press BERLIN (AP) - There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar. But only 18 months into the