Business | MyFOX Spokane

US jobs data add to markets' growth concerns

Submitted by Fox First at Ten on July 6th

By PAN PYLASAssociated Press LONDON (AP) - Stock markets slid while the euro fell to a two year low on Friday as investors fretted about the global economy following worse than expected U.S. jobs figures. The 80,000 increase in payrolls in June was slightly

Oil down to near $85 after weak US jobs figures

Submitted by Fox First at Ten on July 6th

By PABLO GORONDIAssociated Press Oil fell below $86 a barrel Friday as concerns over the global economy dominated trading. Weak U.S. employment figures added to those concerns, a day after Europe and China cut interest rates in response to deteriorating

3 freed, new chief in Chinese city after protest

Submitted by Fox First at Ten on July 6th

BEIJING (AP) - Police have released three people detained earlier this week for throwing flower pots, bricks and stones at officers during a protest against an alloy copper plant project, authorities in a southwestern Chinese city said. The Shifang city

Macau's Melco in $1B Philippine casino project

Submitted by Fox First at Ten on July 6th

By KELVIN CHANAP Business Writer HONG KONG (AP) - Macau gambling company Melco Crown Entertainment is teaming up with the Philippines' richest man to develop a $1 billion casino resort in Manila in a sign of the industry's plans for rapid expansion in Asia

4 key items to look for in new 401(k) disclosures

Submitted by Fox First at Ten on July 5th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - It's easy to overlook what's important when it comes to saving money. Many people would sooner clip a toothpaste coupon than review their retirement accounts to assess whether they can minimize investment fees

News Summary: New 401(k) fee disclosures coming

Submitted by Fox First at Ten on July 5th

By The Associated Press NEW DISCLOSURES: It should get easier to assess how much 401(k) participants are paying to invest. By Aug. 30, most investors can expect to get new 401(k) fee disclosures from their employers as a result of new federal regulations. WHAT

Money market fund assets rise to $2.538 trillion

Submitted by Fox First at Ten on July 5th

NEW YORK (AP) - Total U.S. money market mutual fund assets fell $5.31 billion to $2.533 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday. Assets of the nation's retail money market mutual funds rose $3.8 billion to $

News Summary: Slower spending hurts stocks

Submitted by Fox First at Ten on July 5th

By The Associated Press STORE TRAFFIC SLOWS: U.S. stocks closed mostly lower after signs emerged that Americans are spending at a slower pace. Target's stock fell 1 percent and Costco Wholesale fell less than a percent after reporting that sales rose less than analysts were

Treasury prices rise on worries about retail sales

Submitted by Fox First at Ten on July 5th

By The Associated Press Treasury prices rose Thursday as investors worried over disappointing June retail sales. The yield on the benchmark 10-year Treasury note fell to 1.60 percent Thursday from 1.63 percent late Tuesday. Bond trading was closed Wednesday for

News Summary: Soybean prices jump as heat lingers

Submitted by Fox First at Ten on July 5th

By The Associated Press JUMPING BEANS: Soybean prices hit the highest level since the summer of 2008 as crops drooped under an extended spell of hot, dry weather. Investors speculated that global supplies will remain low after the harvest. Meanwhile, U.S. export demand is robust