Business | MyFOX Spokane

AEG, owner of LA's Kings, Staples arena, for sale

Submitted by Fox First at Ten on September 19th

By ANDREW DALTONAssociated Press LOS ANGELES (AP) - Anschutz Entertainment Group, the owner of the Staples Center arena and the NHL's Los Angeles Kings, and the top contender to build a stadium and bring the NFL back to Los Angeles, is up for sale, its parent company said Tuesday. The

Canadian auto union makes progress with GM

Submitted by Fox First at Ten on September 19th

By ROB GILLIESAssociated Press TORONTO (AP) - The head of the Canadian Auto Workers said late Tuesday there has been significant progress toward a new labor deal with General Motors and said the Detroit automaker is waiting for a counter-proposal from the union. CAW President Ken Lewenza said

Japan Airlines up slightly in Tokyo trading debut

Submitted by Fox First at Ten on September 19th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan Airlines Co. capped an $8.5 billion initial public offering, the biggest this year after Facebook's, with a modest return to the Tokyo Stock Exchange: Its share price rose only 1 percent in the first day of trading. The shares closed

Heineken strikes deal to buy Tiger beer maker

Submitted by Fox First at Ten on September 18th

AMSTERDAM (AP) - Heineken NV says it has a deal that will allow it to take control of Asia Pacific Breweries, the owner of the Tiger beer brand. Under the deal, the Dutch brewer will buy the stake in APB owned by Singapore-based conglomerate Fraser & Neave Ltd for $4.5 billion. Heineken had

Business Highlights

Submitted by Fox First at Ten on September 18th

By The Associated Press ___ FedEx says economy is stalling, cuts outlook NEW YORK (AP) - FedEx Corp. says the global economy is stalling, and it's going to get worse next year. The conditions are shrinking earnings at the world's second-largest package delivery company. Factories are

News Summary: Stocks mixed on weak economic news

Submitted by Fox First at Ten on September 18th

By The Associated Press WHAT FEDEX DELIVERED: A glum outlook for the economy. The big package delivery company said it's seeing recession-like conditions. Still, after recovering from a morning dip, stocks barely moved. APPLE $700: The iPhone maker topped $700 per share for the first time,

How the major stock indexes fared on Tuesday

Submitted by Fox First at Ten on September 18th

By The Associated Press Stocks were mixed on Tuesday after FedEx said the global economy isn't particularly good and isn't getting better. However, other economic indicators offset that, leaving stocks little changed for the day. Apple broke through $700 per share for the first time,

How the major stock indexes fared on Monday

Submitted by Fox First at Ten on September 18th

By The Associated Press Stocks mostly rose on Monday after a surprisingly strong report on U.S. manufacturing gave investors a reason to think the economy might be improving. Stocks gave up some of their gains in the afternoon. Monday was the first trading day of the fourth quarter. The Dow

How the major stock indexes fared on Friday

Submitted by Fox First at Ten on September 18th

By The Associated Press Stock indexes were mixed on Friday but closed out their worst week since early June. The third-quarter earnings season is under way. So far the results have been so-so. No big disasters, but investors haven't seen anything to get excited about, either. All the big

Southwest needs power lines to become solar hub

Submitted by Fox First at Ten on September 18th

By SUSAN MONTOYA BRYANAssociated Press ALBUQUERQUE, N.M. (AP) - Pick any stretch of road slicing through the American Southwest. The sun beats down on the asphalt like nowhere else and heat waves distort the landscape. It's here, in these open expanses, that experts say is a massive