Business | MyFOX Spokane

J.C. Penney shares plunges on short-term outlook

Submitted by Fox First at Ten on September 20th

By SARAH SKIDMOREAP Business Writer PORTLAND, Ore. (AP) - J.C. Penney & Co.'s stock was one of the market's biggest decliners Thursday after the department store chain told analysts that it expects its financial struggles to continue during the second half of the year. The retailer

Simon Property settles with tycoon's estate

Submitted by Fox First at Ten on September 20th

NOBLESVILLE, Ind. (AP) - Simon Property Group Inc. has settled a dispute with the estate of shopping mall magnate Melvin Simon that's netted his trust's ultimate beneficiaries nearly $1 billion. The Indianapolis-based company disclosed Wednesday in a Securities and Exchange Commission

Higher stock prices help Americans regain wealth

Submitted by Fox First at Ten on September 20th

By CHRISTOPHER S. RUGABER and DAVE CARPENTERAP Business Writers WASHINGTON (AP) - A jump in the stock market and rising home prices are bringing Americans closer to regaining the wealth they lost in the recession. U.S. household net worth dipped in the April-June quarter, according to a Federal

News Summary: Rates on US mortgages at record lows

Submitted by Fox First at Ten on September 20th

By The Associated Press RATES AT RECORD LOWS: The average U.S. rate on the 30-year fixed mortgage touched its record low this week, and the rate on the 15-year fixed mortgage hit a new record. DECLINES FOLLOW FED ACTION: The declines followed the Federal Reserve announcement last week that it

US mortgage rates for past 52 weeks at a glance

Submitted by Fox First at Ten on September 20th

By The Associated Press Here's a look at rates for fixed and adjustable mortgages over the past 52 weeks:

Kroger adds clothing to shopping list in Ohio

Submitted by Fox First at Ten on September 20th

By CANDICE CHOIAP Food Industry Writer NEW YORK (AP) - Add a pair of blue jeans to the grocery list. Starting Friday, shoppers at a remodeled Kroger store in Ohio will be able to buy clothing in addition to food, gas and furniture. The nation's largest traditional supermarket chain says it

Bank security group warns of website attacks

Submitted by Fox First at Ten on September 20th

By The Associated Press A financial services security group is warning about possible cyber-attacks on banks, citing "recent credible intelligence." The group, the Financial Services Information Sharing and Analysis Center, has raised its cyber threat level to "high" from "elevated," saying

Fears about global economy push dollar higher

Submitted by Fox First at Ten on September 20th

NEW YORK (AP) - The dollar rose against most other currencies Thursday after weak economic data from Asia and Europe pointed to more sluggishness in the global economy. A private survey of manufacturers in China showed another decline in September. Japan, meanwhile, posted a $9.6 billion trade

Europe financial watchdog: markets still fragile

Submitted by Fox First at Ten on September 20th

FRANKFURT, Germany (AP) - Europe's financial stability watchdog says EU markets remain "vulnerable." That's despite a recent calming of tensions from the crisis over too much government debt in some countries. The European Systemic Risk Board said Thursday that "high uncertainty and

US natural gas supplies grew last week

Submitted by Fox First at Ten on September 20th

NEW YORK (AP) - The nation's natural gas supplies rose last week, the government said Thursday. The Energy Department's Energy Information Administration reported that natural gas in storage grew by 67 billion cubic feet to 3.496 trillion cubic feet for the week ended Sept. 14. Analysts