Business | MyFOX Spokane

Never lose a sock again with RFID-chipped socks

Submitted by Fox First at Ten on September 26th

By Mike FlacyProvided by Detailed on the Blacksocks site, the clothing company has added a radio ID tag to a line of socks that allows consumers to keep track of the footwear within the bedroom or when being washed. The Swiss company attached the tag at the top of the socks and it can be scanned

New US home sales edged down 0.3 percent in August

Submitted by Fox First at Ten on September 26th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Sales of new homes in the United States dipped slightly in August from July but the median price of homes sold during the month rose by a record amount. New-home sales edged down to a seasonally adjusted annual rate of 373,000 in August

American Greetings gets offer to go private

Submitted by Fox First at Ten on September 26th

CLEVELAND (AP) - American Greetings Corp. said Wednesday that a group led by its CEO and chief operating officer wants to buy the company and take it private in a deal that values it at about $581 million. The Cleveland-based greeting card company's shares jumped 15 percent on the news.

ViSalus scraps plan for IPO, Blyth shares tumble

Submitted by Fox First at Ten on September 26th

GREENWICH, Conn. (AP) - Shares of Blyth Inc. tumbled more than 20 percent after the opening bell, after the company's ViSalus subsidiary withdrew its initial public offering, citing uncertain market conditions. ViSalus, Blyth's weight-loss, energy-drink and nutritional-supplement business,

Stocks open mixed amid instability in Europe

Submitted by Fox First at Ten on September 26th

NEW YORK (AP) - It's a mixed open on Wall Street as investors keep an eye on a devolving situation in Europe. The Dow Jones industrial average is up 14 points at 13,471 in the early going. The Standard & Poor's 500 index is down a fraction of a point at 1,441 after four straight

Ahead of the Bell: Carnival

Submitted by Fox First at Ten on September 26th

NEW YORK (AP) - Analysts said Wednesday that Carnival Corp.'s third-quarter results show that while cruise prices remain low, they are stabilizing and the company's cruise bookings continue to rebound from January's Costa Concordia disaster. On Tuesday, the Miami-based company reported

Kraft Foods Group joining S&P 500

Submitted by Fox First at Ten on September 26th

NEW YORK (AP) - The S&P Dow Jones Indices said Wednesday that Kraft Foods Group, which is being spun off from Kraft Foods Inc., will replace Alpha Natural Resources Inc. on the S&P 500. Kraft Foods Group is a food and beverage business based in Northfield, Ill. Kraft Foods Inc. is being

US futures dip as European situation deteriorates

Submitted by Fox First at Ten on September 26th

NEW YORK (AP) - U.S. stock futures slid Wednesday as the European economic crisis devolved into social unrest in the most vulnerable countries, such as Greece and Spain. Signaling a broader instability in the region, Germany failed to raise sufficient bids for the country's benchmark 10-year

German debt auction uncovered due to weak demand

Submitted by Fox First at Ten on September 26th

BERLIN (AP) - Germany's debt agency says an auction of the country's benchmark 10-year bonds did not receive sufficient bids due to a "very volatile market environment" and as investors balked at the record-low yields. The agency stressed Wednesday "there is no danger for the financing of

RadioShack CEO Gooch steps down

Submitted by Fox First at Ten on September 26th

FORT WORTH, Texas (AP) - RadioShack said Wednesday that its CEO is leaving under an agreement with the board, the latest blow for the struggling electronics retailer. RadioShack said James Gooch will step down immediately and is leaving its board of directors. Chief Financial Officer Dorvin Lively