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Here's what to watch for Wednesday from the Fed

Here's what to watch for Wednesday from the Fed
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - What the world hopes to hear Wednesday from the Federal Reserve can be summed up in one word: clarity. Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed investors since he spoke to

Medicare: Cost-saving changes coming for diabetics

Medicare: Cost-saving changes coming for diabetics
By LAURAN NEERGAARDAP Medical Writer WASHINGTON (AP) - Medicare begins a major change next month that could save older diabetics money and time when they buy crucial supplies to test their blood sugar - but it also may cause some confusion as patients figure out the new system. On July 1, Medicare

Chrysler agrees to recall of Jeeps at risk of fire

Chrysler agrees to recall of Jeeps at risk of fire
By TOM KRISHER and DEE-ANN DURBINAP Auto Writers DETROIT (AP) - Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture and cause fires in rear-end collisions. In

3rd pleads guilty in probe of Pilot Flying J

3rd pleads guilty in probe of Pilot Flying J
By ERIK SCHELZIGAssociated Press NASHVILLE, Tenn. (AP) - A third employee of the truck stop chain owned by Tennessee's governor and the owner of the Cleveland Browns pleaded guilty Tuesday in what authorities call a scheme to cheat trucking firms out of rebates. Regional sales manager Kevin

Missouri moves to lift ban on foreign farm owners

Missouri moves to lift ban on foreign farm owners
By ALAN SCHER ZAGIERAssociated Press JEFFERSON CITY, Mo. (AP) - Weeks before a Chinese conglomerate agreed to buy Smithfield Foods Inc. in the largest such takeover of a U.S. business, Missouri lawmakers quietly approved legislation removing a ban on foreign ownership of agricultural land.

MGM, AEG to develop 20K seat Las Vegas Strip arena

MGM, AEG to develop 20K seat Las Vegas Strip arena
By KEN RITTERAssociated Press LAS VEGAS (AP) - Years of talk about building an arena capable of hosting professional sports and big-name concerts yielded an announcement Tuesday that casino giant MGM Resorts International and entertainment company AEG will build a privately financed 20,000-seat

Stuntwoman sues News Corp. over alleged phone hack

Stuntwoman sues News Corp. over alleged phone hack
By LINDA DEUTSCHAP Special Correspondent LOS ANGELES (AP) - A woman who worked as a stunt double for Angelina Jolie sued Rupert Murdoch's News Corp. in Los Angeles on Tuesday, claiming she's a victim of a phone hacking scheme to obtain information about the actress. Eunice Huthart, of

Stocks move higher on home building, low inflation

Stocks move higher on home building, low inflation
NEW YORK (AP) - The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation. Investors are also sending stocks up because they expect the Federal Reserve will keep in place programs meant to prop up the economy. The Dow Jones

Argentine cash controls bring bargains, headaches

Argentine cash controls bring bargains, headaches
By ALMUDENA CALATRAVAAssociated Press BUENOS AIRES, Argentina (AP) - The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital. The jackets, the shoes - they're all so cheap when your purse is stuffed with black-market money.

US video game retail sales fall 25 percent in May

US video game retail sales fall 25 percent in May
NEW YORK (AP) - U.S. retail sales of video games, hardware and accessories declined 25 percent in May as demand for aging game consoles continued to fade and fewer new games launched compared with last year, according to market researcher NPD Group. NPD said late Monday that total video game sales

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UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.

UPDATE: Wrong-Way Crash On Hwy. 195 At Cheney Spokane Rd.
UPDATE: The female driver has been identified as Jennifer A. Schmidt of Spokane Valley. The male driver has been identified as Sean D. Moss. Both Schmidt and Moss were life-flighted by Medstar to Sacred Heart. The State Patrol says both vehicles were totaled and both drivers were wearing seatbelts

NASA picks 8 new astronauts, 4 of them women

NASA picks 8 new astronauts, 4 of them women
By MARCIA DUNNAP Aerospace Writer CAPE CANAVERAL, Fla. (AP) - NASA has eight new astronauts - its first new batch in four years. Among the lucky candidates: the first female fighter pilot to become an astronaut in nearly two decades. A female helicopter pilot also is in the group. In fact, four of

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive

FIRST ON KHQ.COM: Spokane Valley Homeowner Catches Would Be Burglar; Holds Suspect At Gunpoint Until Authorities Arrive
PRESS RELEASE FROM THE SPOKANE VALLEY POLICE DEPT: On Tuesday, June 18, 2013, at 9:15 a.m., Spokane Valley Sheriff's Deputies responded to a person with a weapon call near the area of 13600 E. 20th Ave. Deputies arrived on scene and found the victim homeowner detaining the suspect, later