Business | MyFOX Spokane

Union, Southwest ask US to mediate stalled talks

Submitted by Fox First at Ten on September 19th

By DAVID KOENIGAP Airlines Writer DALLAS (AP) - A union representing about 8,500 ground workers at Southwest Airlines and the airline itself are asking federal mediators to break a standoff in contract talks. The Transport Workers Union said Wednesday that there's been almost no progress

Dollar mixed after US housing data

Submitted by Fox First at Ten on September 19th

NEW YORK (AP) - The dollar traded mixed against other major currencies after a pair of reports showed that the U.S. housing industry continues to slowly recover. The Commerce Department said that construction of homes and apartments rose 2.3 percent last month to a seasonally adjusted annual rate

Kroger recalls spinach over Listeria risk

Submitted by Fox First at Ten on September 19th

CINCINNATI (AP) - Kroger is recalling spinach sold at grocery stores in 15 states due to possible Listeria contamination. The Fresh Selections Tender Spinach was sold in 10-ounze packages and had a "best if used by" date of Sept. 16. The grocer said Wednesday that if customers did buy the recalled

Credit-easing steps by central banks, at a glance

Submitted by Fox First at Ten on September 19th

By The Associated Press Here are some steps major central banks have taken to try to bolster their banking systems and economies: - BANK OF JAPAN Interest Rates: Has kept its benchmark interest rate at zero to 0.1 percent. Bond Buying: Announced Wednesday that it will boost the size and

News Summary: US home sales jump 7.8 percent

Submitted by Fox First at Ten on September 19th

By The Associated Press SALES RISE: U.S. sales of previously occupied homes soared in August to the highest level since May 2010, when sales were bolstered by a government tax credit. Sales rose 7.8 percent to a seasonally adjusted annual pace of 4.82 million, the National Association of

10 drugmakers team up to improve testing process

Submitted by Fox First at Ten on September 19th

By LINDA A. JOHNSONAP Business Writer TRENTON, N.J. (AP) - Pharmaceutical industry heavyweights are teaming up to address a challenge that's long vexed drugmakers: how to improve the way experimental drugs are tested so they can get approved, and reach patients, faster. Ten top U.S. and

EU looks at e-books proposal of Apple, publishers

Submitted by Fox First at Ten on September 19th

BRUSSELS (AP) - Apple and four major publishing houses are offering concessions to the European Union's antitrust watchdog to ease concerns that they may have illegally colluded to raise prices for e-books. The EU Commission opened an antitrust probe into Apple Inc. and the e-books publishers

Deckers shares fall on lower Uggs prices

Submitted by Fox First at Ten on September 19th

NEW YORK (AP) - Shares of Deckers Outdoor Corp. fell Monday after an analyst reiterated that sales on its classic Uggs boots - which are rarely discounted - are a troubling sign for the shoe maker. The note came two days after the same analyst warned that Deckers' margins might come under

Gates, Buffett again top Forbes' billionaires list

Submitted by Fox First at Ten on September 19th

NEW YORK (AP) - Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion. Investor Warren Buffett, the head of Berkshire Hathaway Inc.,

Gates, Buffett again top Forbes' billionaires list

Submitted by Fox First at Ten on September 19th