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US economic data looks better on closer inspection

Submitted by Fox First at Ten on September 27th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - At first glance, a batch of U.S. economic data released Thursday looked dispiriting. Companies slashed orders for factory goods. The government cut its most recent growth estimate. And fewer people signed contracts to buy homes. Yet

United shares dip on decline in revenue statistic

Submitted by Fox First at Ten on September 27th

DALLAS (AP) - Shares of United Airlines' parent company fell Thursday after it said a key revenue measure declined in the third quarter, raising concern about travel demand and pricing. THE SPARK: United Continental Holdings Inc. said passenger revenue per available seat mile dropped by 1 to 2

Fairway faces mice problem in Manhattan store

Submitted by Fox First at Ten on September 27th

By ANNE D'INNOCENZIOAP Business Writer NEW YORK (AP) - Just as Fairway looks to go public, the grocery chain faces an unwanted visitor at one of its New York stores: Mice. Video footage at a Fairway store on Manhattan's Upper West Side shows a mouse in one of the store's open olive

Data suggest US economy growing only modestly

Submitted by Fox First at Ten on September 27th

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - A spate of data Thursday painted a mixed picture of the U.S. economy: Demand for long-lasting manufactured goods fell and slightly fewer people signed contracts to buy homes. At the same time, the job market looked a little better.

Monti: would consider govt role after elections

Submitted by Fox First at Ten on September 27th

By COLLEEN BARRYAssociated Press MILAN (AP) - Italian Premier Mario Monti said Thursday he would consider a role in government after the next elections - but only under the right circumstances. Monti repeated, as he has in the past, that he will not run for Parliament when his mandate as head

Fiat CEO: Europe car problem needs Europe solution

Submitted by Fox First at Ten on September 27th

By SARAH DiLORENZOAP Business Writer PARIS (AP) - The chief executive of Fiat and Chrysler thinks Europe's carmakers can only survive if they reduce their enormous overcapacity together, rather than retreating behind national borders to find piecemeal solutions. Sergio Marchionne wants the

Stocks hold on to gains

Submitted by Fox First at Ten on September 27th

NEW YORK (AP) - Stocks are holding on to gains at midday on Wall Street. The Dow Jones industrial average is up 19 points at 13,432. The Standard & Poor's 500 index is up six at 1,439. And the Nasdaq composite index is up 19 points at 3,113. The S&P has had five straight declines. There

News Summary: Tempur-Pedic to buy Sealy

Submitted by Fox First at Ten on September 27th

By The Associated Press MATTRESS BEDFELLOWS: Tempur-Pedic International Inc., the 20-year-old leader in foam mattresses, is buying more-than-a century-old rival Sealy Corp. for about $228.6 million in cash. THE DETAILS: Tempur-Pedic will pay $2.20 per Sealy share, which is a 3 percent premium

Germany's Merkel renews pledge to stabilize euro

Submitted by Fox First at Ten on September 27th

BERLIN (AP) - German Chancellor Angela Merkel on Thursday renewed her pledge to stabilize the eurozone, and her insistence that it will be a step-by-step process, as she honored one of the currency's founders - long-serving predecessor Helmut Kohl. Merkel's comments, at an event marking the

Goldman Sachs settles SEC charges for almost $12M

Submitted by Fox First at Ten on September 27th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - Goldman Sachs has agreed to pay nearly $12 million to settle civil charges accusing one of its executives of providing campaign services to a Massachusetts official in return for bond business. The Securities and Exchange Commission also