Business | MyFOX Spokane

Study: Parents pulling back on college spending

Submitted by Fox First at Ten on July 16th

By DAVE CARPENTERAP Personal Finance Writer CHICAGO (AP) - Families have implemented more cost-saving strategies to cut college spending in the past academic year, choosing less expensive schools and finding more economical ways for students to attend. More students also are living at home in

News Summary: Families reduce college spending

Submitted by Fox First at Ten on July 16th

By The Associated Press RECOGNIZING REALITY: Families are adjusting to economic challenges by choosing less expensive colleges and having more students live at home, according to a new study by student lender Sallie Mae. PRICE-CONSCIOUS PARENTS: The average amount spent on college by families

Economists less bullish as early 2012 gains wither

Submitted by Fox First at Ten on July 16th

By DAVID KOENIGAP Business Writer DALLAS (AP) - Economists say the sales and profit gains of early this year are disappearing, and they are increasingly pessimistic about short-term growth. They also are gloomy because of the potential impact in the U.S. from Europe's financial crisis, the

News Summary: Survey says economists gloomier

Submitted by Fox First at Ten on July 16th

By The Associated Press MORE SIGNS OF SLOWING: Companies are gloomier than they were three months ago when it comes to sales, profit margins and hiring, according to a survey by the National Association for Business Economics. ON HIRING: Only 22 percent of the company and trade-group economists

US gas prices down about 7 cents over past 3 weeks

Submitted by Fox First at Ten on July 15th

CAMARILLO, Calif. (AP) - The average U.S. price of a gallon of gasoline has dropped about 7 cents over the past three weeks. The Lundberg Survey of fuel prices puts the average price for a gallon of regular at $3.41. Analyst Trilby Lundberg said Sunday that the national average for a gallon of mid-

Ford recalls Escape crossover vehicles

Submitted by Fox First at Ten on July 15th

DETROIT (AP) - Ford Motor Co. is recalling more than 10,000 redesigned 2013 Escape SUVs to fix carpet padding that could get in the way of braking. Ford says that wrongly positioned carpet padding could reduce space around the pedals and cause drivers to hit the side of the brake pedal when

Citigroup may seek dividend increase by 2013

Submitted by Fox First at Ten on July 15th

NEW YORK (AP) - Citigroup Inc. may seek permission to hike its dividend for the first time since the 2008 financial crisis in the next few months. The bank's CEO Vikram Pandit said he expects to start discussing returning some cash to investors by the end of the year. "I believe we will be in

Argus buys DeWitt to expand energy data-reporting

Submitted by Fox First at Ten on July 15th

HOUSTON (AP) - Energy price-reporting firm Argus says it's buying DeWitt & Co. Inc. to expand its services into the petrochemicals industry. In announcing the deal Sunday, Argus declined to disclose terms. DeWitt sells reports on pricing in several parts of the petrochemical business

US plane makers teaming with Chinese firms

Submitted by Fox First at Ten on July 15th

By ROXANA HEGEMANAssociated Press WICHITA, Kan. (AP) - Walter Beech was one of America's greatest aviation pioneers, a former World War I flyer who spent three years after the war touring the country as a barnstorming exhibition pilot. That experience spawned ideas for aircraft design,

Chinese premier says economic woes to continue

Submitted by Fox First at Ten on July 15th

By CHRISTOPHER BODEENAssociated Press BEIJING (AP) - China's economic woes that have brought growth to a three-year low will continue for some time, but the slower expansion remains within expectations, Premier Wen Jiabao says. Wen said Chinese need to recognize the seriousness and complexity