Business | MyFOX Spokane

UK public sector borrowing overshoots forecasts

Submitted by Fox First at Ten on July 20th

By ROBERT BARRAssociated Press LONDON (AP) - U.K. public sector borrowing rose more than expected in June, to 14.4 billion pounds ($22.6 billion), according to official data released Friday that raise doubts over the government's ability to meet its deficit targets. The disappointing news

Europe debt concerns push markets, euro lower

Submitted by Fox First at Ten on July 20th

LONDON (AP) - Concerns about Europe's debt crisis resurfaced on Friday, weighing heavily on the region's stock markets and pushing the euro to a two-year low. Just as eurozone finance ministers approved a bailout for Spain's banks, one of the country's regions, Valencia, said it

Heineken makes $4.1B bid to raise Tiger beer stake

Submitted by Fox First at Ten on July 20th

SINGAPORE (AP) - Heineken said Friday it is offering $4.1 billion to buy out its partner in the Singapore-based maker of Tiger beer, attempting to neutralize a Thai tycoon's competing bid for influence over the brand as the Dutch brewer expands in emerging markets. Heineken said it has made a

Study: Private student loans parallel subprime

Submitted by Fox First at Ten on July 20th

By DANIEL WAGNERAP Business Writer WASHINGTON (AP) - Risky lending caused private student loan debt to balloon in the past decade, leaving many Americans struggling to pay off loans that they can't afford, a government study says. Private lenders gave out money without considering whether

Heineken makes $4.1B bid for Tiger beer brewer

Submitted by Fox First at Ten on July 20th

SINGAPORE (AP) - Heineken has made a $4.1 billion offer to take full control of the Singapore-based maker of Tiger beer, attempting to see off a competing bid from Thailand's biggest beverage maker. Heineken said Friday it is offering 50 Singapore dollars a share to Fraser & Neave Ltd.,

Summary Box: Appeal of Google's ads grows in 2Q

Submitted by Fox First at Ten on July 20th

By The Associated Press ADS CLICKING: Google's second-quarter earnings rose 11 percent, thanks largely to a sharp increase in the number of times that Web surfers clicked on its moneymaking ads. The volume of revenue-producing clicks climbed by 42 percent from last year, the largest spike

Renault, Nissan invest in South Korea production

Submitted by Fox First at Ten on July 20th

By YOUKYUNG LEE and YURI KAGEYAMAAP Business Writers SEOUL, South Korea (AP) - The French-Japanese auto alliance of Renault and Nissan is investing $160 million in its South Korean unit to produce Nissan-branded vehicles mostly destined for the United States, taking advantage of the South Korea-U

News Summary: Microsoft posts 1st loss since 1986

Submitted by Fox First at Ten on July 20th

By The Associated Press FIRST LOSS: Microsoft posted a quarterly loss of $492 million, or 6 cents a share, the first negative quarter since it went public in March 1986. AD STRUGGLES: The loss was caused by a $6.2 billion write-down of its online ad business aQuantive, which it bought in 2007 for

Huron Consulting paying $1M to settle SEC case

Submitted by Fox First at Ten on July 19th

WASHINGTON (AP) - Huron Consulting Group Inc. has agreed to pay a $1 million civil fine to settle federal regulators' charges that the firm inflated its income with false accounting. The Securities and Exchange Commission announced the settlement Thursday with Chicago-based Huron and two former

A look at 4 highly rated funds investing in REITs

Submitted by Fox First at Ten on July 19th

By The Associated Press Below are four mutual funds that invest primarily in real estate investment trusts and are highly rated by Morningstar. Each has a minimum initial investment of $3,000 or less, making them accessible to most average investors. Each also has a gold or silver medal rating