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News Summary: Wall Street rallies on jobs news

Submitted by Fox First at Ten on November 1st

By The Associated Press GOOD START TO NOVEMBER: The Dow Jones industrial average rose 136 points on the first day of November, its best gain since mid-September. That came after a loss in October, the first down month since May. CONFIDENT CONSUMERS: The Conference Board said Americans'

A look at the top-selling US cars, trucks in Oct.

Submitted by Fox First at Ten on November 1st

By The Associated Press Automakers said Thursday that U.S. new car and truck sales rose 7 percent to 1.1 million in October despite the impact of Superstorm Sandy. Here were the top selling cars and trucks for the month and the percent change in sales from October of 2011.

How the major stock indexes fared Thursday

Submitted by Fox First at Ten on November 1st

By The Associated Press It's only been a day, but November on Wall Street is already looking a lot better than October. Strong economic data and corporate news converged Thursday to give U.S. stocks their best day since mid-September. Positive signs about the job market and higher auto and

Fiscal cliff looms, but keep eye on long-term

Submitted by Fox First at Ten on November 1st

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - A frightful scenario could play out in a couple months unless a lame-duck Congress and the White House are able to resolve their differences on taxes and spending. If they don't, Bush-era tax cuts will expire Jan. 1, and automatic

A look at 3 scenarios as the fiscal cliff looms

Submitted by Fox First at Ten on November 1st

By The Associated Press Investors should keep a close eye on the lame-duck Congress and President Barack Obama following Tuesday's election. Higher tax rates could take effect Jan. 1 if leaders are unable to quickly resolve differences over taxes and spending, an outcome that could cause

A look at Ford Chief Operating Officer Mark Fields

Submitted by Fox First at Ten on November 1st

By The Associated Press NAME: Mark Fields TITLE: Chief Operating Officer, Ford Motor Co. (as of Dec. 1) AGE: 51. (Born January 24, 1961) HOMETOWN: Born in Brooklyn, N.Y.; grew up in Paramus, N.J. CURRENT HOME: Delray Beach, Fla. (when he's not in Dearborn, Mich., where Ford is based)

Las Vegas Sands profit down 1 percent

Submitted by Fox First at Ten on November 1st

LAS VEGAS (AP) - Las Vegas Sands Corp. said its net income fell 1 percent as it took less money from gamblers and paid to start up a new casino in Macau. The company said on Thursday that it earned $349.8 million, or 42 cents per share, for the third quarter. During the same period last year it

Gas stations scramble in Sandy's aftermath

Submitted by Fox First at Ten on November 1st

By JONATHAN FAHEYAP Energy Writer NEW YORK (AP) - There's plenty of gasoline in the Northeast - just not at gas stations. In parts of New York and New Jersey, drivers lined up Thursday for hours at gas stations that were struggling to stay supplied. The power outages and flooding caused by

AIG posts Q3 profit of nearly $2 billion

Submitted by Fox First at Ten on November 1st

By The Associated Press American International Group Inc. on Thursday posted a third-quarter profit of nearly $2 billion thanks to strength in its core insurance operations and healthy investment returns. In the same period last year, it lost $4 billion. "We are seeing continued momentum, and

Potential for Sandy scams prompts warnings

Submitted by Fox First at Ten on November 1st

By DAVE CARPENTERAP Personal Finance Writer No sooner than the floodwaters had receded and high winds from Superstorm Sandy faded, another threat is arising with the inevitable appearance of the scammer and the con man. Authorities warn of the likelihood of Sandy-related fraud reaching far