Business | MyFOX Spokane

News Summary: Philly manufacturing shrinks again

Submitted by Fox First at Ten on September 20th

By The Associated Press STILL SHRINKING: Manufacturing in the Philadelphia region shrank for a fifth straight month in September, suggesting further weakening in demand for American-made goods. THE NUMBERS: The Federal Reserve Bank of Philadelphia said its index of regional manufacturing had a

News Summary: Survey shows economy to stay weak

Submitted by Fox First at Ten on September 20th

By The Associated Press ECONOMY WEAK: The Conference Board's index of leading economic indicators edged down 0.1 percent in August, the second decline in the past three months. LESS CONFIDENCE, FEWER HOURS: The report noted that manufacturing orders, consumer confidence and average weekly

News Summary: UK regulator: BSkyB 'fit and proper'

Submitted by Fox First at Ten on September 20th

By The Associated Press THE GOOD NEWS: British Sky Broadcasting is a "fit and proper" company to hold an operating license, U.K. regulators said. Its license was called into question because of the scandal at a newspaper owned by News Corp., which effectively controls BSkyB through a 39 percent

US economy hobbled by weak hiring, manufacturing

Submitted by Fox First at Ten on September 20th

By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGERAP Economics Writers WASHINGTON (AP) - A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs. The number of people seeking unemployment benefits last week stayed near a level that signals only weak

Taco Bell, KFC owner Yum lifts dividend 18 pct

Submitted by Fox First at Ten on September 20th

LOUISVILLE, Ky. (AP) - Yum Brands, which owns the Taco Bell, Pizza Hut and KFC chains, is raising its dividend 18 percent, the eighth straight year that the fast-food company has raised its payout to shareholders by a double-digit percentage. The dividend, payable Nov. 2 to shareholders of record

Italy slashes growth estimates for 2012-2013

Submitted by Fox First at Ten on September 20th

ROME (AP) - The Italian government y has slashed its economic growth forecasts for 2012 and 2013, blaming the worse-than-expected recession. The government said Thursday it expected the economy would shrink 2.4 percent in 2012, double its earlier projections of a 1.2 percent contraction. For 2013,

News Summary: 2 killed in S. Africa strike action

Submitted by Fox First at Ten on September 20th

By The Associated Press DEADLY FORCE: Despite resolution of a long and bloody strike, labor advocates said police killed two more people. One died of injuries from a rubber bullet and a miner was run over by an armored car. MORE TROOPS: The South African president ordered military forces to

News Summary: Indian strike hits trains, shops

Submitted by Fox First at Ten on September 20th

By The Associated Press REJECTING REFORMS: Angry demonstrators disrupted trains and forced some shops and schools to close in a national strike protesting the government's decision to cut fuel subsidies and open India's huge retail market to foreign companies. GOVERNMENT GAMBIT:

J.C. Penney shares plunges on short-term outlook

Submitted by Fox First at Ten on September 20th

By SARAH SKIDMOREAP Business Writer PORTLAND, Ore. (AP) - J.C. Penney & Co.'s stock was one of the market's biggest decliners Thursday after the department store chain told analysts that it expects its financial struggles to continue during the second half of the year. The retailer

Simon Property settles with tycoon's estate

Submitted by Fox First at Ten on September 20th

NOBLESVILLE, Ind. (AP) - Simon Property Group Inc. has settled a dispute with the estate of shopping mall magnate Melvin Simon that's netted his trust's ultimate beneficiaries nearly $1 billion. The Indianapolis-based company disclosed Wednesday in a Securities and Exchange Commission