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Waiting for word from Bernanke, stocks move higher

Waiting for word from Bernanke, stocks move higher
By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - It's all about the Fed. Still. U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with investors trying to guess what the central bank will say Wednesday

Stocks open higher as home building advances

Stocks open higher as home building advances
NEW YORK (AP) - Stocks are opening higher on Wall Street after the pace of home construction picked up in May, the latest encouraging sign from the housing market. The Dow Jones industrial average rose 45 points, or 0.3 percent, to 15,229 in the first few minutes of trading Tuesday. The Standard

Kabel Deutschland shares rise on takeover interest

Kabel Deutschland shares rise on takeover interest
BERLIN (AP) - Shares in Germany's biggest cable operator are up after Kabel Deutschland received a preliminary takeover proposal from U.S. firm Liberty Global. Kabel Deutschland confirmed Liberty Global PLC's approach Tuesday, only days after British rival Vodafone PLC said it was also in

US consumer prices rise just 0.1 pct in May

US consumer prices rise just 0.1 pct in May
By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase comes after two straight declines, underscoring that American consumers are benefiting from mild inflation. The

US home construction rises 6.8 percent in May

US home construction rises 6.8 percent in May
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. builders began construction on more single-family homes and apartments in May, encouraged by more buyers and a scarcity of houses for sale. The overall pace of homes started rose 6.8 percent last month to a seasonally adjusted annual

Wake-up call: Starbucks to post calorie counts

Wake-up call: Starbucks to post calorie counts
By CANDICE CHOIAP Food Industry Writer NEW YORK (AP) - Starbucks has a new way to wake up its customers: showing the calories in its drinks. The Seattle-based coffee chain says it will start posting calorie counts on menu boards nationwide next week, ahead of a federal regulation that would require

US home construction rises 6.8 percent in May

US home construction rises 6.8 percent in May
By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy. The overall pace of homes

Duke Energy names insider to take over for Rogers

Duke Energy names insider to take over for Rogers
By JONATHAN FAHEYAP Energy Writer NEW YORK (AP) - Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO. Rogers, 65, will retire on July 1. He agreed to step down by the end of the year as part of a settlement

US consumer prices rise just 0.1 pct. in May

US consumer prices rise just 0.1 pct. in May
By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation. The consumer price index ticked up a seasonally

Royalty Pharma lets Elan takeover bid expire

Royalty Pharma lets Elan takeover bid expire
By TOM MURPHYAP Business Writer Royalty Pharma has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer. Royalty offered earlier this month to pay $13 per share for each Elan share plus up

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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