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Dow falls 128, with Chevron and Alcoa leading way

Submitted by Fox First at Ten on October 10th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. The Dow Jones industrial average slumped 128 points, its steepest loss since late June. Alcoa, the

Yum Brands upbeat about China division

Submitted by Fox First at Ten on October 10th

By BRUCE SCHREINERAssociated Press LOUISVILLE, Ky. (AP) - The owner of the Taco Bell, Pizza Hut and KFC chains predicted Wednesday its fast-growing China business will serve up another round of strong profit growth next year despite a slowing economy in its most important overseas market. Yum

US wholesale stockpiles grew 0.5 percent in August

Submitted by Fox First at Ten on October 10th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. wholesalers increased their stockpiles in August and their sales rose for the first time in four months. The gains could provide a boost to the still-weak economy. The Commerce Department said Wednesday that wholesale stockpiles

US wholesale businesses boosted stockpiles 0.5 percent in August as sales rose 0.9 percent

Submitted by Fox First at Ten on October 10th

WASHINGTON (AP) - US wholesale businesses boosted stockpiles 0.5 percent in August as sales rose 0.9 percent. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Heating costs to rise this winter as cold returns

Submitted by Fox First at Ten on October 10th

By JONATHAN FAHEYAP Energy Writer NEW YORK (AP) - Americans will pay more to heat their homes this winter as they feel something they didn't feel much of last year: cold. Prices for natural gas, heating oil and other fuels will be relatively stable. But customers will have to use more

Stocks lower as earnings season begins

Submitted by Fox First at Ten on October 10th

NEW YORK (AP) - Stocks are opening lower on Wall Street as the season of corporate earnings reports begins. Just after the Wednesday opening bell, the Dow Jones industrial average is down 20 points at 13,453. The Standard & Poor's 500 index is down a fraction of a point at 1,440. And the

Spirit Airlines opening crew base at DFW airport

Submitted by Fox First at Ten on October 10th

GRAPEVINE, Texas (AP) - Spirit Airlines Inc. on Dec. 1 will open a flight attendant and pilot crew base at Dallas-Fort Worth International Airport as it expands operations in Texas. Spirit officials announced Tuesday about 170 flight attendants and 80 pilots are expected to use the home base by

FedEx details major cost-cutting plan

Submitted by Fox First at Ten on October 10th

By SAMANTHA BOMKAMPAP Business Writer NEW YORK (AP) - FedEx Corp., the world's second-largest package delivery company, on Wednesday detailed its plan to boost profit by $1.7 billion annually by shedding jobs, aircraft and underused assets. FedEx aims to reach that goal within three years

Czech gov't wants cap on public debt

Submitted by Fox First at Ten on October 10th

PRAGUE (AP) - The Czech government has proposed a constitutional amendment that aims to put a limit to public debt. Prime Minister Petr Necas says the amendment would cap debt at 60 percent of GDP. It is currently at 41 percent of GDP. Finance Minister Miroslav Kalousek says that if the debt

US futures mixed as earnings season begins

Submitted by Fox First at Ten on October 10th

NEW YORK (AP) - Stock futures were mixed Wednesday, a day after the U.S. earnings season kicked off. Dow Jones industrial futures slipped 21 points to 13,391. The broader S&P futures fell 0.30 points to 1,435.70. Nasdaq futures tacked on 2 points to 2,736. Stocks are under pressure due to a