Google Plus Email List
 

ELECTIONS TOWN HALL - TONIGHT AT 7Football FridayMiami Valley Crime StoppersTrick-or-Treat SchedulePhoto GalleriesRaw VideoOn-Time Traffic

Forecast

Tonight:  Increasing Clouds
Low: 39      Winds: Light Var.

Halloween: Rain Develops, Cold, Windy & Nasty!
High: 46     Winds: NW 10-20 mph

Saturday: A Few Early Flurries, Windy & COLD!!!
High: 42     ...
More...
Washington Times
Advertise with us!

Business News

Last Update on October 30, 2014 17:28 GMT

ECONOMY-GDP

WASHINGTON (AP) -- The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

The Commerce Department says that the third quarter result followed a 4.6 percent rebound in the second quarter. The economy shrank at a 2.1 percent rate in the first three months of the year due to a harsh winter.

The report was the first of three estimates of the gross domestic product, the economy's total output of goods and services. Economists believe the economy is maintaining momentum in the current quarter with consumer spending expected to be helped by a big fall in gas prices.

UNEMPLOYMENT BENEFITS

WASHINGTON (AP) -- The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.

The Labor Department says weekly applications increased 3,000 to a seasonally adjusted 287,000. The four-week average, a less volatile measure, declined 250 to 281,000, the lowest level in more than 14 years.

Applications are a proxy for layoffs and have fallen 20 percent in the past year. The steady decline suggests that businesses are sufficiently confident in the economy to hold onto their staffs. That same confidence could lead them to step up hiring.

The economy expanded at a solid annual rate of 3.5 percent in the July-September quarter, according to a separate government report. That's healthy enough to encourage more hiring.

MORTGAGE RATES

WASHINGTON (AP) -- Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent.

Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage rose to 3.98 percent from 3.92 percent last week. It remained at its lowest level since June 2013. The rate stood at 4.53 percent back in January.

The average for a 15-year mortgage, a popular choice for people who are refinancing, increased to 3.13 percent from 3.08 percent.

The sustained decline in long-term rates sparked a boomlet of homeowners looking to refinance mortgages. Homeowners eager for a bargain rate fired off inquiries to lenders. Applications for "re-fi's" reached their highest level since November 2013 in the week ended Oct. 17, according to the Mortgage Bankers Association.

BABY FORMULA

WASHINGTON (AP) -- Federal regulators are suing baby food-maker Gerber for claiming that its Good Start Gentle formula can prevent or reduce allergies in children.

The Federal Trade Commission says that claim is bogus and that the New Jersey-based company misled consumers by suggesting the formula was the first to meet government approval for reducing the risk of allergies.

The FTC says it wants Gerber to remove that claim from formula labels and advertisements. The agency also wants Gerber to reimburse consumers who have bought the formula since 2011, when the claim began.

Gerber Products Co., also known as NestlT Infant Nutrition, says in a statement that it believes it has met all legal requirements about product claims.

WAL-MART-PRICE MATCH

NEW YORK (AP) -- Wal-Mart Stores Inc. is considering matching online prices from competitors like Amazon.com, raising the stakes for the holiday shopping season.

The world's largest retailer, based in Bentonville, Arkansas, has matched prices of local store competitors but hadn't followed moves by other retailers like Best Buy or Target to match prices of online rivals. It said it has been testing the strategy in certain markets and is trying to figure out whether to go ahead.

The strategy comes as Wal-Mart is trying to rev up sluggish sales in the U.S. but it could also erode profits.

A Wal-Mart spokeswoman says many store managers have matched online prices for customers on a case-by-case basis.

The move was first reported by The Wall Street Journal on Thursday.

MICROSOFT-FITNESS DATA

UNDATED (AP) -- Microsoft is looking to challenge Apple and Google with its own system for consolidating health and fitness data from various fitness gadgets and mobile apps. Microsoft is also releasing a $199 fitness band to work with this system.

As more athletes and recreationalists track their fitness, a chief frustration has been the inability to bring data from one gadget into an app made by a rival. As a result, nutrition information might reside in one place, while data on calories burned might be in another. Consolidating data gives users and health professionals a bigger picture on health.

Microsoft Health follows the launch of Apple's HealthKit in September and Google Fit earlier this week. Unlike rival systems, Microsoft Health will work with competing phones, not just those running Windows.

SPAIN-GOOGLE

MADRID (AP) -- Spain's parliament has approved new intellectual property laws that allow news publishers to charge aggregators each time they display news content in search results.

The law goes into effect Jan. 1 but does not specify how much aggregators like Google News could be charged. Spain's AEDE group of news publishers had lobbied for what is known as the "Google Tax" but has not provided specifics.

Google Inc.'s Spanish division said Thursday it was disappointed with the outcome and will work with Spanish news publishers to help them increase income.

Google last year agreed to help French news organizations increase online advertising revenue and fund digital publishing innovations to settle a dispute there over whether it should pay for news content in its search results.

CHINA-LENOVO-MOTOROLA

BEIJING (AP) -- Chinese computer maker Lenovo Group has completed its acquisition of Motorola Mobility from Google Inc. in a move aimed at becoming a global smartphone brand.

Lenovo said it completed the $2.9 billion purchase on Thursday, adding to a flurry of acquisitions and initiatives aimed at transforming the world's biggest maker of personal computers into a major player in wireless computing.

Google bought Motorola Mobility in 2012 for $12.4 billion but appeared to decide quickly the purchase was a mistake. It sold its set-top operations to Arris Group Inc. for $2.35 billion and its smartphone assets, along with some 2,000 patents, to Lenovo.

Lenovo chairman Yang Yuanqing said when the purchase was announced in January that it would help transform Lenovo into a global competitor in smartphones.

Advertise with us!

 
  • Dayton Ohio News, Weather, Traffic :: News - Tracking Ebola

    Tracking Ebola



  • Dayton Ohio News, Weather, Traffic :: News - Miami Valley Crime Stoppers

    Miami Valley Crime Stoppers

    If you have information about a crime that has occurred, call Miami Valley Crime Stoppers at 937-222-7867 (STOP) 800-637-5735, 24 hours a day. Callers can remain anonymous.
  • Dayton Ohio News, Weather, Traffic :: News - Know Your Candidates

    Know Your Candidates

    Learn about the candidates running for office near you!
  • Dayton Ohio News, Weather, Traffic :: News - Border Crisis

    Border Crisis

    Get the latest developments on the border control issue!
  • Dayton Ohio News, Weather, Traffic :: News - Asa George: 1979-2013

    Asa George: 1979-2013

    Share your condolences, memories, thoughts and prayers for Asa and her family.
  • Dayton Ohio News, Weather, Traffic :: News - Chefs Corner

    Chefs Corner

    We often invite local chefs into our studio kitchen to demonstrate their cooking techniques and recipes.  Watch those video segments on this page.
  • Dayton Ohio News, Weather, Traffic :: News - Pay It Forward

    Pay It Forward

    River Valley Credit Union, FOX45, and ABC22 recognize the good deeds of people and organizations who make the Miami Valley a better place.
  • Dayton Ohio News, Weather, Traffic :: News - Health Care Reform

    Health Care Reform

    The Supreme Court ruling to uphold the Affordable Care Act sparked a new battle. Check here daily for the latest developments, locally and across the country.

  • Dayton Ohio News, Weather, Traffic :: News - Secrets Of A Thief

    Secrets Of A Thief

    We expose the "Secrets Of A Thief". Sponsored by Shiver Security.
  • Dayton Ohio News, Weather, Traffic :: News - Cool Schools

    Cool Schools

    Our children are the way of the future and it all starts with our schools. Join us as our Hilary Zalla goes inside schools around the Miami Valley to find out what cool things students and teachers are ...
  • Dayton Ohio News, Weather, Traffic :: News - No Text Zone

    No Text Zone

    Texting While Driving Kills Thousands of People Each Year. Many More are Seriously Injured. You Can Help Make Our Roads a NO TEXT ZONE.
  • Dayton Ohio News, Weather, Traffic :: News - Town Hall

    Town Hall

    Join in as our expert panel discusses jobs in Ohio
  • Dayton Ohio News, Weather, Traffic :: News - Washington Times

    Washington Times

    Politics, Breaking News, US and World News.
  • Dayton Ohio News, Weather, Traffic :: News - On Time Traffic

    On Time Traffic

    Get the latest traffic information and updates here!
  • Dayton Ohio News, Weather, Traffic :: News - School Closings

    School Closings

    Get the list of all closings and delays for schools and businesses within the area, and sign up for text alerts!
  • Dayton Ohio News, Weather, Traffic :: News - Save Local TV

    Save Local TV

    Find out how you can save local TV right here!

  • Dayton Ohio News, Weather, Traffic :: News - Raw News

    Raw News

    Watch raw, unedited and uncensored news stories right here!
  • Dayton Ohio News, Weather, Traffic :: News - Pump Patrol

    Pump Patrol

    Find the lowest gas prices, check out local and national price trends, report low prices and get fuel saving tips!
  • Dayton Ohio News, Weather, Traffic :: News - Political Pulse

    Political Pulse

    Armstrong Williams is a pugnacious, provocative and principled voice for conservatives and Christian values in America's public debates.
  • Dayton Ohio News, Weather, Traffic :: News - News Links

    News Links

    These links were chosen by the newsroom for their newsworthy content. These sites enhance the news stories that aired on the newscast on the dates cited.
  • Dayton Ohio News, Weather, Traffic :: News - Menard's Around the House

    Menard's Around the House

    Menards Around the House how-to videos give you tips for those much needed home improvements!
  • Dayton Ohio News, Weather, Traffic :: News - On the Move

    On the Move

    Get the latest news and more on your mobile phone!
  • Dayton Ohio News, Weather, Traffic :: News - Good Morning

    Good Morning

    It's Fun, it's fresh, the way mornings should be!
  • Dayton Ohio News, Weather, Traffic :: News - Top Stories

    Top Stories

    Get up to the minute information from across Ohio in our Top Stories section!
  • Dayton Ohio News, Weather, Traffic :: News - Your Voice. Your Future.

    Your Voice. Your Future.

    As the country faces challenges from federal budget issues to jobs and national debt, your voice is critical to the future.
  • Dayton Ohio News, Weather, Traffic :: News - Waste Watch

    Waste Watch

    How are your tax dollars being spent? Waste Watch tracks whether local, state and federal governments or any groups are using your money wisely...or wasting it.

more »

Business News

US economy grew at 3.5 percent rate in Q3

WASHINGTON (AP) -- The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

Consumer Info

   WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 --
 Companies that pride themselves on being eco-friendly may have conflicted
 ideas between marketing with ad specialties and maintaining their green
 reputation. ...

Entertainment News

ELIZABETH NORMENT-OBIT

NEW YORK (AP) -- The actress who played the secretary to Frank Underwood in "House of Cards" has died.

Get This

FAKE OBAMA THREAT

WHITE PLAINS, N.Y. (AP) -- President Barack Obama figures into a love triangle -- but not in THAT way.

Science/Tech News

IN THE NEWS: WHITE HOUSE COMPUTERS

WASHINGTON (AP) -- The White House is declining to comment on a published report that Russia is believed to be behind a suspected attack on computer systems at the Executive Mansion.

Tonight on FOX 45

6:30 pm ..... FOX 45 News at 6:30
7:00 pm ..... The Big Bang Theory
7:30 pm ..... Modern Family
8:00 pm ..... Bones
9:00 pm ..... Gracepoint
10:00 pm ... FOX 45 News at Ten
11:00 pm ... Modern Family
11:30 pm ... Mike & Molly
12:00 am ... Mike & Molly
12:30 am ... The Simpsons
1:00 am ..... Two and a Half Men
1:30 am ..... Two and a Half Men
2:00 am ..... The Office
Complete Schedule»