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Ford board meeting ends with no CEO news

Submitted by Fox First at Ten on September 13th

By DEE-ANN DURBINAP Auto Writer DETROIT (AP) - Ford's board of directors has ended a scheduled meeting with no announcement on the company's CEO succession plan. There were rumors this week that the board was preparing to name a successor to 67-year-old CEO Alan Mulally. But Ford

News Summary: Inflation fears drive rise in gold

Submitted by Fox First at Ten on September 13th

By The Associated Press ALL THAT GLITTERS: The price of gold jumped more than 2 percent, and silver more than 4 percent, after Federal Reserve Chairman Ben Bernanke promised to take more action to try to boost the U.S. economy. WHAT BEN IS THINKING: When the Fed steps in to try to spur the

Investors run to gold after Fed promises action

Submitted by Fox First at Ten on September 13th

By The Associated Press NEW YORK (AP) - Prices for gold and silver jumped Thursday after the Federal Reserve said it would take aggressive steps to try to spur the U.S. economy. Gold and silver, which had traded flat to slightly down throughout the morning, shot up after the Fed released its

Figures on government spending and debt

Submitted by Fox First at Ten on September 13th

WASHINGTON (AP) - Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

US Treasurys rise on Fed plan to buy more bonds

Submitted by Fox First at Ten on September 13th

By The Associated Press Treasury prices rose Thursday after the Federal Reserve said it will do more bond-buying to boost the lagging economy. Fed policymakers said the central bank will spend $40 billion a month to purchase mortgage securities because the economy is too weak to reduce high

Fed's moves to aid economy since financial crisis

Submitted by Fox First at Ten on September 13th

By The Associated Press WASHINGTON (AP) - The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a

Fiat to lay out investment plans in October

Submitted by Fox First at Ten on September 13th

By COLLEEN BARRYAP Business Writer MILAN (AP) - The Italian carmaker Fiat, which controls Chrysler, reiterated Thursday that it will provide details on future investments in Italian plants along with planned products rollouts when it presents its third-quarter results, amid growing domestic

News Summary: NYC bans big sugary drinks

Submitted by Fox First at Ten on September 13th

By The Associated Press BAN IN PLACE: New York City's Board of Health banned sales of big sodas and other sugary drinks at eateries including restaurants and concession stands, opening up a new front in the war on obesity. NOT SO BIG GULP: The regulation puts a 16-ounce size limit on cups

News Summary: J&J hiring Bayer exec for key post

Submitted by Fox First at Ten on September 13th

By The Associated Press NEW BOSS: Johnson & Johnson is hiring Bayer CropScience head Sandra E. Peterson for a new post, overseeing the troubled consumer health and manufacturing operations, plus information technology. She starts Dec. 1. THE GOAL: New CEO Alex Gorsky wants Peterson to

Dollar and precious metals at a glance

Submitted by Fox First at Ten on September 13th

NEW YORK (AP) - Key currency exchange rates Thursday, compared with late Wednesday in New York: