Business | MyFOX Spokane

Social Security benefits get a 1.7 percent bump

Submitted by Fox First at Ten on October 16th

By STEPHEN OHLEMACHERAssociated Press WASHINGTON (AP) - More than 56 million Americans on Social Security will get raises averaging $19 a month come January, one of the smallest hikes since automatic adjustments for inflation were adopted in 1975, the government announced Tuesday. Much of the 1

In Georgia, where guest is God, tourism thrives

Submitted by Fox First at Ten on October 16th

By MARIA DANILOVAAssociated Press BATUMI, Georgia (AP) - Georgia's Black Sea resort of Batumi was once a bleak site: Roads were dotted with potholes, the city was pitch dark at night, running water was scarce and the city's best hotel was infested with rats. Today Batumi glitters with

Roche posts 7 percent rise in Q3 drug sales

Submitted by Fox First at Ten on October 16th

By JOHN HEILPRINAssociated Press GENEVA (AP) - Powered by demand for its cancer drugs, Swiss drugmaker Roche on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012. The world's biggest producer of cancer-fighting drugs said its

Asia stocks up on US earnings, Spain speculation

Submitted by Fox First at Ten on October 16th

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets rose Wednesday on better-than-expected earnings from U.S. corporate giants and growing speculation that Spain is finally ready to ask for financial aid. Spain, mired in a deep recession and high unemployment, has become the

Amphibious vehicle to go on sale soon in US

Submitted by Fox First at Ten on October 15th

By DEE-ANN DURBINAP Auto Writer DETROIT (AP) - Amphibious vehicles could soon be zooming out of James Bond's garage - or pond - and into yours. The Quadski - a one-person all-terrain vehicle that doubles as a personal watercraft - is being billed by its makers as the first high-speed,

Dollar and precious metals at a glance

Submitted by Fox First at Ten on October 15th

NEW YORK (AP) - Key currency exchange rates Monday, compared with late Friday in New York:

Yahoo CEO raids Google to hire top lieutenant

Submitted by Fox First at Ten on October 15th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Yahoo CEO Marissa Mayer is mining her old advertising connections at Google to help her tackle the challenges facing her in her new job. Henrique de Castro, one of Google's top advertising executives for the past two years, is

Business Highlights

Submitted by Fox First at Ten on October 15th

By The Associated Press ___ Confident consumers give US retail sales a lift 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,

ETF price war expands to BlackRock's iShares ETFs

Submitted by Fox First at Ten on October 15th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - BlackRock Inc.'s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors. The recent expense

News Summary: US retail sales up 1.1 percent

Submitted by Fox First at Ten on October 15th

By The Associated Press SALES UP: Americans spent 1.1 percent more at retail stores in September, the Commerce Department said Monday. That followed a 1.2 percent increase in August. The gains marked the best two months for sales in two years. PHONES AND CARS: Sales rose in almost every major