Business | MyFOX Spokane

Asian stocks up on US recovery signs, earnings

Submitted by Fox First at Ten on July 18th

By YOUKYUNG LEEAP Business Writer SEOUL, South Korea (AP) - Asian stock markets rebounded Thursday as a rise in U.S. housing starts and solid corporate earnings cheered sentiment. Investors saw hints of an economic recovery in the housing report, which provided an antidote to the recent stream of

Summary Box: Yahoo posts another ho-hum quarter

Submitted by Fox First at Ten on July 18th

By The Associated Press NEW CEO, OLD STORY: Yahoo's second-quarter results showed the Internet company is still struggling to revive its revenue growth, even as more advertising shifts to the Internet. Tuesday's report coincided with the arrival of Yahoo Inc.'s latest CEO, longtime

News Summary: HSBC compliance chief resigns

Submitted by Fox First at Ten on July 18th

By The Associated Press HSBC OFFICIAL RESIGNS: The head of compliance at Europe's largest bank, HSBC, resigned from his position and apologized after a Senate investigation found the bank had lax controls that exposed it to money laundering and terrorist financing. David Bagley told the

Highly anticipated weight-loss pill wins approval

Submitted by Fox First at Ten on July 17th

By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - A new weight-loss pill that many doctors consider the most effective of a new generation of anti-obesity drugs got the approval of the Food and Drug Administration on Tuesday. The pill, called Qsymia, was approved for patients who are

Court approves talks on sale of Hawker Beechcraft

Submitted by Fox First at Ten on July 17th

By ROXANA HEGEMANAssociated Press WICHITA, Kan. (AP) - A federal bankruptcy judge on Tuesday allowed Hawker Beechcraft to begin exclusive negotiations with a Chinese company interested in buying the Kansas plane maker, despite a union's claims such a sale would jeopardize national security.

News Summary: CSX 2Q profit up 1 percent

Submitted by Fox First at Ten on July 17th

By The Associated Press SMALL GAIN: CSX Corp.'s second-quarter profit rose 1 percent to $512 million, or 49 cents per share, beating analysts' forecast of 47 cents per share. COAL IN THE DUMPS: The freight railroad gets more than one-fourth of its revenue from hauling coal. That business

News Summary: US states face huge financial woes

Submitted by Fox First at Ten on July 17th

By The Associated Press BUDGET WOES LIMIT SERVICES: U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as law enforcement, schools and transportation, a report released Tuesday said. TROUBLESOME TRENDS: Aging populations and rising

NEWS SUMMARY: Bernanke worried about US budget

Submitted by Fox First at Ten on July 17th

By The Associated Press BERNANKE'S CONCERNS: Federal Reserve Chairman Ben Bernanke sketched a bleak picture of the U.S. economy Tuesday and said it could darken further if Congress doesn't reach agreement to avert a budget crisis. REPORT TO CONGRESS: In his twice-a-year report to Congress

A look at Johnson & Johnson 2nd-quarter sales

Submitted by Fox First at Ten on July 17th

By The Associated Press A look at health care giant Johnson & Johnson's second-quarter revenue by division and for selected products and categories: CONSUMER HEALTH PRODUCTS 2Q 2012 2Q 2011 Change U.S. Total $1.31 B $1.34 B down 1.9

Marissa Mayer's top 3 challenges as Yahoo CEO

Submitted by Fox First at Ten on July 17th

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Like a lot of math geeks, Marissa Mayer enjoys tackling complex problems. She will find plenty of those as the latest CEO at Yahoo. The troubled company has turned into a vexing brain-twister as its financial performance has steadily