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Euro soars to 7-month high vs dollar
NEW YORK (AP) -- Stronger manufacturing data from China is pushing the euro to a seven-month high against the dollar. Traders are also selling the dollar after a report showed that U.S. inflation is mild.
Chinese manufacturing rose to a 14-month high in December, adding to signs the world's second-largest economy is recovering.
In the U.S., the Labor Department said its consumer price index fell 0.3 percent in November from October, meaning that inflation is still mild. Traders took the data to mean that the Fed will continue to keep interest rates low to boost the economy.
The euro rose as high as $1.3173 in afternoon trading Friday, its highest point against the dollar since May 4. The euro was worth $1.3075 late Thursday.
Posted: Sunday, December 16 2012, 12:39 PM CST
IN OKLAHOMA NEWS
Okla. grand jury returns new charges on ex-judge
May 23, 2013 23:32 GMT
OKLAHOMA CITY (AP) -- Oklahoma's multicounty grand jury has returned new indictments against a former Lincoln County judge who already faces embezzlement and cattle theft charges.
The grand jury handed up the indictments Thursday against 47-year-old Craig S. Key of Chandler.
Key turned himself in last month to Lincoln County authorities who set bond at $10,000.
One indictment accuses Key of harboring a fugitive by allegedly encouraging a client facing criminal charges in Lincoln and Jefferson counties to flee the state to avoid prosecution.
Another charges Key with five counts of delivery of a forged note and accuses him of forging the name of a woman whose signature was required on escrow account checks that Key was also required to sign.
Key's attorney, Cheryl Ramsey of Stillwater, says the additional indictments are no surprise.
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From the FOX 25 First Forecast Center..Hello everyone...
It's Friday and the weather is looking good for the holiday weekend. Can't rule out isolated to random showers and t'storms from time to time but nothing organized. ...
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: TEEN ONLINE FAREWELL SONG ATTRACTS MILLIONS OF VIEWS
LAKELAND, Minn. (AP) -- High school student Zach Sobiech (SOH'-bee-eck) says he wanted to be remembered as "a kid who went down fighting and didn't really lose."
SWINGERS CLUB LAWSUIT-VEGAS
LAS VEGAS (AP) -- David Cooper wants to bring a little more sin -- to Sin City.