• TV station balances grief, journalism after on-air shooting

    Updated: 16 hr ago

    Alison Parker and Adam Ward's colleagues at TV station WDBJ saved their tears for off the air. The news became personal for the CBS affiliate in Virginia when reporter Parker and cameraman Ward were fatally shot during a live broadcast Wednesday morning, forcing co-workers to balance the stunning tragedy with professionalism. Their grief was evident during the newscasts that followed, but so was their restraint. "This is a hard day for all of us here at WDBJ7. We are mourning Alison and Adam, but it is our job to find the facts," anchorwoman Melissa Ganoa said during the 5 p.m. EDT newscast, less than 12 hours after the shooting by a fired station employee, Vester Flanagan, who died later of a self-inflicted gunshot wou

  • Tiffany 2Q results miss Street, stung by strong dollar

    Updated: 16 hr ago

    NEW YORK (AP) — The strong dollar pressured Tiffany's fiscal second-quarter sales, and its performance missed analysts' expectations. The luxury jeweler also lowered its full-year earnings forecast. The stock slipped in morning trading Thursday. Tiffany earned $104.9 million, or 81 cents per share, for the period ended July 31. A year earlier the New York company earned $124.1 million, or 96 cents per share. Earnings, excluding an impairment charge for a loan to a diamond mining company, were 86 cents per share, missing Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Revenue fell to $990.5 million from $992.9 million, als

  • Dollar General beats 2Q profit forecasts

    Updated: 16 hr ago

    GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. on Thursday reported a boost in second-quarter profit, topping Wall Street expectations on higher sales. But its shares slipped in premarket trading as the higher revenue figure was still short of expectations. The Goodlettsville, Tennessee-based company's profit rose 12.4 percent to $282.3 million, or 95 cents per share. Revenue rose 7.9 percent to $5.1 billion. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share, while eight analysts surveyed by Zack's expected slightly higher revenue of $5.14 billion. Same-store sales rose 2.8 percent during the quarter, on increases in customer traffic and average t

  • US stocks open higher after Chinese market surges

    Updated: 16 hr ago

    NEW YORK (AP) — U.S. stocks are opening higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the U.S. economy expanded at a much faster pace than previously estimated. The Dow Jones industrial average climbed 191 points, or 1.2 percent, as of 9:36 a.m. on Thursday. The Standard & Poor's 500 index gained 24 points, or 1.2 percent, to 1,964. The Nasdaq composite gained 63 points, or 1.4 percent, to 4,762. Signet Jewelers jumped 12 percent after reporting earnings that surpassed the expectations of Wall Street analysts. Bond prices fell, pushing up the yield on the 10-year note to 2.20 percent from 2.18 percent on Wednesday.

  • Christmas in August: Wal-Mart's holiday layaway comes early

    Updated: 16 hr ago

    NEW YORK (AP) — Wal-Mart is giving customers a head start on holiday shopping, launching its annual layaway program two weeks earlier than last year. It's the latest sign of retailers getting more aggressive about grabbing holiday shoppers early. Stores have offered holiday discounts earlier as they battle competition from online retailers. Shoppers at Wal-Mart can put their items on hold starting Friday. Each item must cost $10 or more, down from the $15 limit last year. All items held must be worth a total of $50. Customers will have more time to pay for their items this year, 90 days instead of the 60 days they were given last year. Wal-Mart Stores Inc.

  • US economy likely grew more in spring than first estimated

    Updated: 16 hr ago

    WASHINGTON (AP) — The U.S. economy likely gained more momentum in the spring than the government previously estimated. The question now is whether shrunken global stock markets and a sharp slowdown in China will weaken the economy in coming months. The Commerce Department on Thursday will update its estimate of the economy's growth, as measured by the gross domestic product, for the April-June quarter. A month ago, the government calculated that the economy grew at a 2.3 percent annual rate last quarter. That figure marked a rebound from the January-March quarter, when growth slowed to an anemic 0.6 percent rate, mainly because of a severe winter and other temporary factors.

  • Applications for US jobless aid drop to very low 271,000

    Updated: 17 hr ago

    WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, evidence that employers remain confident in the economy and are laying off few workers. The Labor Department says weekly applications for unemployment aid dropped 6,000 to a seasonally adjusted 271,000. The four-week average, a less volatile measure, ticked up 1,000 to 272,500. Applications are a proxy for layoffs and are at historically low levels, suggesting businesses are holding onto their staffs. Earlier this month, the four-week average stood at 266,000, the lowest since April 15, 2000. The applications data will likely be closely watched in the coming weeks for any sign that companies are cutting jobs in the wake of the past week's stoc

  • Applications for US unemployment benefits fell slightly last week to a very low 271,000

    Updated: 17 hr ago

    WASHINGTON (AP) — Applications for US unemployment benefits fell slightly last week to a very low 271,000.

  • Greatbatch buying Lake Region Medical in $1.73B deal

    Updated: 19 hr ago

    FRISCO, Texas (AP) — Medical components maker Greatbatch is buying Lake Region Medical in a cash-and-stock deal valued at about $1.73 billion. The companies say the transaction will create one of the biggest medical device component suppliers in the world. It will serve the cardiac, neuromodulation, vascular, orthopaedics and advanced surgical markets. The business will have operations in the U.S., Latin America, Europe and the Asia-Pacific region. Greatbatch Inc. will pay about $478 million in cash, assume approximately $1 billion of Lake Region Medical Inc.'s debt and issue 5.1 million shares of common stock and options to Lake Region Medical's shareholders. Greatbatch stockholders are expected to own about 83.

  • California charity tax donation spending at a glance

    Updated: 22 hr ago

    SOURCE: State Controller's office budgetary/legal annual basis reports. Income may include revenue from limited other sources in some cases, disbursements also include deductions for administrative expenses.

  • Review: New phones, tablets keep Samsung at Android helm

    Updated: 23 hr ago

    NEW YORK (AP) — Samsung's new smartphones and tablets might not offer enough to entice current iPhone and iPad users to switch, but they keep Samsung at the head of the class among Android gadget makers. The new Galaxy devices come weeks before comparable updates from Apple are expected. In a sense, if Samsung can't beat the competition in sales, it can at least beat it to store shelves. Samsung has been facing competition not just from Apple but also from Android manufacturers such as Motorola and Xiaomi, which offer good-enough features while keeping prices low. Consumers will have to decide whether the premium features in the latest Samsung devices will be worth the premium price tags.

  • July mine impact inspections result in 225 citation


    ARLINGTON, Va. (AP) — Federal inspectors issued 225 citations and six orders at U.S. mine operations in July. The Mine Safety and Health Administration says it conducted the inspections at 15 coal mines and six other mines. Inspectors issued 13 citations and two orders at Ulrich Gravel, Inc., Ulrich Pit, in Valley County, Nebraska. Violations included a lack of berms or guardrails on mine haulage roads adjacent to bodies of open water. A miner died in March two days after a loaded haul truck drifted from an elevated roadway into a dredge pond. MSHA says hazards found during the July inspection were similar to those identified following the March accident. The inspections began in 2010 after the Upper Big Branch

  • Asian stocks rise after Wall Street rebound

    Updated: Wed, Aug 26, 2015

    BEIJING (AP) — Asian stocks rose Thursday after Wall Street soared overnight, breaking a six-day string of losses. The recovery brought a measure of relief to many investors, although experts warned that more volatility could be ahead. The Shanghai Composite Index, whose sharp drop Monday triggered a global sell-off, rose 2.2 percent to 2,992.99 points, rebounding from several days' declines. Tokyo's Nikkei 225 was up 2 percent at 18,753 and Seoul's Kospi gained 1.1 percent to 1,915.70. The gains came after Wall Street rocketed up overnight. The Dow Jones industrial average soaring more than 600 points, or 4 percent. That was its third-biggest point gain of all time and its largest since Oct. 28, 2008. Hong Kong's Han

  • Wal-Mart to stop selling AR-15s and similar weapons

    Updated: Wed, Aug 26, 2015

    LITTLE ROCK, Ark. (AP) — Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday. The AR-15 rifles and other modern sporting rifles were being sold at less than a third of the company's 4,600 U.S. stores. Company spokesman Kory Lundberg said Wal-Mart Stores Inc. will remove the remaining inventory as stores transition from summer to fall merchandise, which should take a week or two to complete. Lundberg said the decision to remove the weapons was not political and that the Bentonville, Arkansas-based retailer made the decision earlier this year. "It's similar to what we do with any product.

  • Trump says he's proud he booted Univision's Ramos from event

    Updated: Wed, Aug 26, 2015

    PENSACOLA, Florida (AP) — Republican presidential candidate Donald Trump said Wednesday he's proud of kicking one of the country's best-known Spanish-language journalists out of an Iowa news conference — the latest in a series of clashes with the media. "I think I handled that well. I got a lot of credit for it," Trump boasted to conservative radio host Laura Ingraham a day after his bodyguards escorted Univision's Jorge Ramos out of the event. The latest spat for Trump comes as his rivals continue to grapple with how best to compete against the unpredictable billionaire businessman, who has skyrocketed to the top of summertime polls. At a campaign event Wednesday in Pensacola, Florida, former Florida Gov.

  • Pentagon probing alleged distorting of war intelligence

    Updated: Wed, Aug 26, 2015

    WASHINGTON (AP) — The Pentagon's inspector general is investigating an allegation that the military command overseeing the anti-Islamic State campaign distorted or altered intelligence assessments to exaggerate progress against the militant group, a defense official said Wednesday. The official was not authorized to discuss the probe publicly and so spoke on condition of anonymity. The investigation was first disclosed by The New York Times. The paper reported that the investigation began after at least one civilian Defense Intelligence Agency analyst told authorities he had evidence that officials at U.S. Central Command were improperly reworking conclusions of assessments prepared for policy makers, including President Ba

  • Arizona severs ties with prison operator over July riots

    Updated: Wed, Aug 26, 2015

    PHOENIX (AP) — Arizona severed ties Wednesday with a private prison operator over what the state says was a string of troubling security and training lapses that led to violent riots in July. Gov. Doug Ducey announced the action against Centerville, Utah-based Management and Training Corp. after the state released a scathing report about numerous issues at the Kingman prison, including a "culture of casual indifference toward staff and training" that contributed to the riots. The state said the prison completed none of the mandated supervisor training for the 2015 fiscal year and claimed the company offers minimal training in the area of communication skills and crisis intervention for its guards.

  • Ecuador's president says country now producing oil at a loss

    Updated: Wed, Aug 26, 2015

    QUITO, Ecuador (AP) — Ecuadoreans are already contending with a rumbling, ash-spewing volcano and rising living costs because they use the appreciating U.S. dollar as their currency. Now they've been told that Ecuador's oil — its principal export and a vital source of government funding — costs more to produce than it earns. President Rafael Correa explained on Tuesday, during a visit to areas threatened by the Cotopaxi volcano, that it costs the OPEC nation $39 to produce a barrel of oil for which it only receives $30. If crude prices remain below $40 that could mean more budget cuts or higher taxes.

  • Labor trouble with pilots deepens at Republic Airways

    Updated: Wed, Aug 26, 2015

    DALLAS (AP) — The Teamsters group representing pilots at Republic Airways is balking at allowing a vote on the company's contract offer, deepening the rift between labor and management at the regional airline. The Indianapolis company's shares plunged 37 percent on Wednesday. Republic has threatened to begin a restructuring process if pilots don't approve the proposal it offered last week, which it termed its last and best offer. Jim Clark, the president of Teamsters Local 357, said the group's leaders opposed a ratification vote because Republic changed language that had been agreed upon during bargaining and added provisions that improperly limited communication between the union and its pilots.

  • Bimbo Bakeries recalls bread sold in 11 states

    Updated: Wed, Aug 26, 2015

    NEW YORK (AP) — The maker of Sara Lee, Nature's Harvest and other brands is recalling about 48,000 packages of bread sold in 11 states because they may contain fragments of glass from a broken light bulb at a company factory. Bimbo Bakeries said Wednesday one consumer found small pieces of glass on the outside of the bread. No injuries have been reported. The recall covers seven different Sara Lee products, two each sold under the Nature's Harvest and Great Value brands, and one each for the Kroger, L'Oven Fresh, and Bimbo brands. The packages have "best by" dates ranging from Aug. 29 to Sept. 1 and a listed "bakery code" of 1658. The Horsham, Pennsylvania-based company says consumers can return the bread to stores fo