Business | MyFOX Spokane

Target, Neiman Marcus join for holiday collection

Submitted by Fox First at Ten on July 10th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - They may make an odd couple, but discounter Target and luxury merchant Neiman Marcus are jointly offering a limited collection spanning from fashion to sporting goods for the winter holidays. More than 50 products from 24 designers,

Survey: Small business optimism sinks in June

Submitted by Fox First at Ten on July 10th

NEW YORK (AP) - The economy and uncertain political climate are taking a toll on small business owners' optimism, making them hesitant to expand. The National Federation of Independent Business said its index of small business owners' sentiment fell 3 points in June to 91.4 after edging

BoG head: Greeks returning deposits to banks

Submitted by Fox First at Ten on July 10th

ATHENS, Greece (AP) - Greeks have been returning the savings they took out of the country's banks during the political uncertainty in the past two months, the country's central bank governor said Tuesday as he urged the country's new government to work on boosting confidence in the

Boeing lands further airshow deals

Submitted by Fox First at Ten on July 10th

By PAN PYLAS FARNBOROUGH, England (AP) - Boeing Co. and archrival Airbus were caught in a fierce dogfight for orders at the Farnborough Airshow on Tuesday, with both aircraft manufacturers unveiling multi-billion deals - crucial at a time of global economic unease. Boeing was a big winner for the

Report: Financial sector least transparent

Submitted by Fox First at Ten on July 10th

BERLIN (AP) - An anti-corruption watchdog says a new survey of corporations shows mining, oil and gas sector firms rank among the best at disclosing information on revenue, taxes and community contributions while financial companies tend to be the worst. The findings came in a report on 105 of the

UK factory production up 1 pct in May

Submitted by Fox First at Ten on July 10th

LONDON (AP) - Factory output in the United Kingdom rose by 1.2 percent in May compared to April, beating the market consensus of a 0.9 percent gain. The Office for National Statistics said Tuesday that the increase was driven by a 3.7 percent gain in output of transport equipment and a 2.2 percent

Russia ratifies agreement to join WTO

Submitted by Fox First at Ten on July 10th

MOSCOW (AP) - Russia's parliament has ratified an agreement to join the World Trade Organization. The State Duma on Tuesday voted 238-208-1 to pass the bill. Russia is the largest economy outside the global trade organization. It has spent 18 years trying to negotiate its entry into the body.

Oil slips lower below $86 on slowing China trade

Submitted by Fox First at Ten on July 10th

By PABLO GORONDIAssociated Press Oil slipped further below $86 a barrel Tuesday after weak Chinese trade figures suggested the economic slowdown in the world's second-largest crude consumer is deepening and the government in Norway ordered the end of a labor strike in the oil sector. By early

European stocks close higher despite late fade

Submitted by Fox First at Ten on July 10th

By TOBY STERLINGAssociated Press AMSTERDAM (AP) - European markets gave back some of their earlier gains Tuesday with U.S. stocks mixed as enthusiasm about prospects for resolving Spain's banking crisis faded - and the euro again plumbed year lows against the dollar. Britain's FTSE 100

Report: Some lose homes over as little as $400

Submitted by Fox First at Ten on July 10th

By DANIEL WAGNERAP Business Writer WASHINGTON (AP) - The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group. Outdated state laws allow big banks and other