Business | MyFOX Spokane

Ex-Iowa egg farm manager pleads guilty to bribery

Submitted by Fox First at Ten on September 12th

By RYAN J. FOLEYAssociated Press IOWA CITY, Iowa (AP) - A manager at the Iowa egg farms linked to the nationwide salmonella outbreak in 2010 pleaded guilty Wednesday for his role in a conspiracy to bribe a federal inspector to allow the sale of unapproved eggs. Former DeCoster Farms manager

US wholesale stockpiles up in July but sales fell

Submitted by Fox First at Ten on September 12th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. wholesalers increased their stockpiles in July from June, but sales fell for a third straight month. Declining sales could force companies to cut inventories in coming months, a troubling sign that economic growth could weaken. The

Problems dogging new high-tech air traffic system

Submitted by Fox First at Ten on September 12th

By JOSH LEDERMANAssociated Press WASHINGTON (AP) - A high-tech overhaul to the nation's air traffic control system is mostly on track to completion, but has yet to produce the benefits that airlines and passengers were told to expect, federal investigators said. Progress in moving from

Gas prices hit $8 in NJ, Pa. in Lukoil protest

Submitted by Fox First at Ten on September 12th

By KATIE ZEZIMAAssociated Press SOUTH PLAINFIELD, N.J. (AP) - More than 50 Lukoil gas stations in New Jersey and Pennsylvania jacked up prices to more than $8 a gallon Wednesday to protest what they say are unfair pricing practices by Lukoil North America that leave them at a competitive

GM China chief to retire Oct. 31

Submitted by Fox First at Ten on September 12th

DETROIT (AP) - The head of General Motors' operations in China, India and Southeast Asia has decided to retire. Kevin Wale, 57, who has led the Asian operations since 2005, will step down Oct. 31, the company said in a statement Wednesday. He'll be replaced by Bob Socia, 58, who is now head

McDonald's new menu item: Calorie counts

Submitted by Fox First at Ten on September 12th

By CANDICE CHOIAP Food Industry Writer NEW YORK (AP) - McDonald's restaurants in the U.S. will soon get a new menu addition: The number of calories in the chain's burgers and fries. The world's biggest hamburger chain said Wednesday that it will post calorie information on

Fidelity issues new retirement savings guidelines

Submitted by Fox First at Ten on September 12th

By DAVE CARPENTERAP Business Writer Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement. In the set of age-based targets released Wednesday, Fidelity says employees should

News Summary: Fidelity issues new savings tips

Submitted by Fox First at Ten on September 12th

By The Associated Press SAVINGS ADVICE: Fidelity Investments has issued a new set of guidelines that say workers should save at least eight times their final salary in order to meet basic income needs in retirement. STAYING ON TRACK: To reach that goal, individuals should save an amount

Forecast points to solid holiday growth

Submitted by Fox First at Ten on September 12th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - After wrapping up a decent back-to-school shopping season, merchants are expected to see healthy sales gains for the critical winter holidays, though the pace should be slightly below last year, according to one of the first forecasts

Fidelity issues new savings guidelines

Submitted by Fox First at Ten on September 12th

By DAVE CARPENTERAP Personal Finance Writer CHICAGO (AP) - Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement. The nation's largest 401(k) administrator released the