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NEW YORK (AP) — J.C. Penney Co. is hoping it has finally hit rock bottom. The bad news just keeps getting worse for the struggling department-store chain, which on Friday reported a wider third-quarter loss than Wall Street expected on a nearly 27-percent drop in revenue. That marks the third consecutive quarter of huge profit losses and steep sales declines as customers continue to show that they are not happy with its decision this year to ditch hundreds of coupons and annual sales in favor of everyday low pricing.
WASHINGTON (AP) — The October employment report the government will release Friday will likely solidify the picture of the U.S. job market that's emerged this year: Companies are hiring steadily but cautiously. And unemployment remains high. Economists forecast that employers added 121,000 jobs in October, according to FactSet. That would be up slightly from September but below this year's average monthly gain of 146,000. And it's too weak a hiring pace to quickly reduce unemployment.
AUSTIN, Texas (AP) — A fourth Texas high-tech startup that received taxpayer money through Gov. Rick Perry's signature economic development fund has filed for bankruptcy, pushing the total losses in the $194 million portfolio beyond what the state says the fund has earned. The collapse of bioenergy producer Terrabon Inc., which was awarded $2.75 million in 2010 and was backed by large Perry political donors, raises the question of whether the state's Emerging Technology Fund that began in 2006 is now worth less than what taxpayers have put into it.
WASHINGTON (AP) — The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month. And the nation enjoyed another year-over-year surge in home prices in August — a sign that the housing industry is making a sustained comeback.
The post-Emmy champagne surely tasted sweet for the people at "Modern Family" and "Homeland," but they needed only to look around the Nokia Theatre to see how quickly popular tastes and Hollywood's most unpredictable awards show can change perceptions. "Modern Family" continued its run as television's most honored comedy at Sunday's Emmys, winning the best comedy award for the third year in a row, a directing honor for co-creator Steve Levitan and acting trophies for Julie Bowen and Eric Stonestreet. They were already conscious that with such success may come an inevitable backlash.
DALLAS (AP) — With American Airlines canceling dozens of flights every day, passengers with fall travel plans are confronting an inconvenient question: Should they avoid the nation's third-largest carrier because labor strife might cause delays and cancelations? Several prominent travel gurus say it's too early to "book away" from American. They say the number of canceled flights is still small and that American can find room on other planes for displaced passengers.
A series of transit advisory groups will convene starting Wednesday to plan for future improvements on four major corridors in the Spokane region. The routes are: downtown to Liberty Lake via Spokane Valley; North Division Street to downtown; Five Mile Prairie to Moran Prairie; and Cheney to downtown.
WASHINGTON (AP) — U.S. employers likely added jobs last month, though probably not enough to push down the unemployment rate. A tepid report Friday on hiring in August would provide little momentum to President Barack Obama's campaign a day after his speech to the Democratic convention. Analysts forecast that the economy generated 135,000 jobs last month and the unemployment rate remained 8.3 percent, according to a survey by FactSet. That's below the 163,000 jobs gained in July, but an improvement from meager hiring in the spring.
Roger Clemens has been acquitted on all charges by a jury that decided he didn’t lie to Congress when he denied using performance-enhancing drugs.
Transit officials are stepping up their community discussion of creating a network of high-performing buses across the Spokane region. They said they want to hear from riders and other members of the public at an open house today.
Bus No. 25 on Division and Ruby streets carries a million passengers a year. It is among the top-performing lines for Spokane Transit Authority, with average daily loads of 3,400 passengers on weekdays.
Lance Armstrong licked ’em again. Always has. Always will. Like cancer and the Tour de France, the federal government turned out to be just another challenge to conquer. On his trophy wall, next to those bright yellow jerseys he got for winning the world’s toughest bike race seven times, Armstrong can now hang the scalp of steroid cop Jeff Novitzky.
There’s a new fitness class in Spokane Valley that’s taking exercise to new heights. In September, lifelong gymnast Sherrie Martin launched Spokane Aerial Performance Arts and began offering classes at Spokane Gymnastics. Aerial silks is a type of performance in which one or more artists execute acrobatics and tricks while hanging from two long pieces of soft fabric that are suspended from a single point.
Alligator Diesel Performance in Coeur d’Alene increased its sales more than 1,200 percent over the past three years, enough to hit Inc. Magazine’s list of the country’s 500 fastest-growing private companies. But earnings reports alone do not tell Alligator’s story. This company’s success is about more than how to sell high-performance parts for light diesel trucks. Or how to manufacture them. Or how to install them, all of which Alligator does.
SEATTLE – While their students can earn anything from an A to an F for their school performance, nearly every American teacher gets one of two grades – unsatisfactory or meets expectations – and almost all earn a passing grade. That is about to change in Washington and many other states where more nuanced teacher evaluation systems are being developed, at least partly in response to the federal Race to the Top competition.
Three businesses in a Coeur d’Alene strip mall were badly damaged by a fire Saturday night, and fire investigators are seeking a cause. The fire was reported at 8:18 p.m., with police and firefighters responding to 2928 N. Government Way, according to the Coeur d’Alene Police Department. No one was injured, but the building and several businesses suffered major damage, the department said.