Business | MyFOX Spokane

Immigration bill heads to full Senate

Submitted by Fox First at Ten on May 22nd

By ERICA WERNER and DAVID ESPOAssociated Press WASHINGTON (AP) - A far-reaching bill to remake the nation's immigration system is headed to the full Senate, where tough battles are brewing on gay marriage, border security and other contentious issues, with the outcome impossible to predict. The

Kerry praises $2.1 billion Raytheon deal in Oman

Submitted by Fox First at Ten on May 22nd

By BRADLEY KLAPPERAssociated Press MUSCAT, Oman (AP) - U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon. Kerry met with the Arab country's defense minister, a day after

Weak yen a help for Japan, but headache elsewhere

Submitted by Fox First at Ten on May 22nd

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by gains from a recovery in the world

Japan's central bank says economy picking up

Submitted by Fox First at Ten on May 22nd

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month. The Bank of Japan

Oil below $96 before crude stocks report, Fed

Submitted by Fox First at Ten on May 22nd

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. Benchmark crude for July delivery was down 62 cents to $95.56 a barrel at late afternoon Bangkok

Investors edgy ahead of Bernanke testimony

Submitted by Fox First at Ten on May 22nd

By PAN PYLASAP Business Writer LONDON (AP) - Investors were edgy Wednesday ahead of the appearance of U.S. Federal Reserve chairman Ben Bernanke before lawmakers in Congress. Following a run of upbeat U.S. economic news, largely related to housing and jobs, there's been talk in the markets that

North Korea sends leader's special envoy to China

Submitted by Fox First at Ten on May 22nd

By MARGIE MASONAssociated Press PYONGYANG, North Korea (AP) - North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to China on Wednesday as Beijing faces pressure to rein in its belligerent neighbor. Choe Ryong Hae, a top Workers' Party official and a vice

US auto factories cutting back on summer downtime

Submitted by Fox First at Ten on May 22nd

By DEE-ANN DURBINAP Auto Writer DETROIT (AP) - Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only

Bernanke testimony to be studied for policy clues

Submitted by Fox First at Ten on May 22nd

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy. The Fed is pursuing an

North Korean leader sends 'special envoy' to China

Submitted by Fox First at Ten on May 22nd

By MARGIE MASONAssociated Press PYONGYANG, North Korea (AP) - North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to travel to China on Wednesday as a special envoy while Beijing is under pressure to rein in its belligerent neighbor. Choe Ryong Hae, a top Workers