[an error occurred while processing this directive]
 
KTVL CBS Channel 10 Mailing List
 

News10 LiveLinks from BroadcastNews10 Good MorningSpecial Report: Hemp Love

Forecast

Air Stagnation Advisory is in effect until January 31, ... More
Washington Times
Advertise with us!

Business News

Last Update on January 29, 2015 18:35 GMT

UNEMPLOYMENT BENEFITS

WASHINGTON (AP) -- The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will likely remain healthy.

The Labor Department says weekly applications dropped 43,000 to a seasonally adjusted 265,000, the lowest level since April 2000. That is also the biggest decline in two years. The four-week average, a less volatile measure, fell 8,250 to 298,500.

The latest drop may have been exaggerated by the federal holiday, which likely slowed the processing of some claims.

Applications are a proxy for layoffs, so the sharp decline means companies are cutting fewer jobs. The four-week average has fallen 11 percent in the past year. At the same time, hiring has picked up. Employers added almost 3 million jobs last year, the most since 1999.

MORTGAGE RATES

WASHINGTON (AP) -- Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels.

Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage edged up to 3.66 percent from 3.63 percent last week. The new average rate is still at its lowest level since May 2013.

The rate for the 15-year loan, a popular choice for people who are refinancing, increased to 2.98 percent from 2.93 percent last week.

A year ago, the average 30-year mortgage stood at 4.32 percent and the 15-year mortgage at 3.40 percent. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond purchases, which were meant to hold down long-term rates.

ECONOMY-HOUSEHOLDS

WASHINGTON (AP) -- Despite signs that the economy is returning to health, two new reports suggest that most Americans are walking a dangerous financial tightrope.

An analysis of Fed survey data by the Pew Charitable Trusts finds 47 percent of U.S. households say they spend all of their income, go into debt or dip into savings to meet their annual expenses.

The Pew analysis found that if a typical middle-class household had to weather a period of joblessness without any income, its available savings would be exhausted within 21 days. And if that same family also cashed in all their retirement investments to get by, they would burn through those assets within four months.

A separate economic scorecard released today says nearly 56 percent of U.S. consumers have subprime or near-prime credit scores, meaning they must pay a premium to borrow if they qualify at all for traditional loans and credit cards. And roughly 20 percent of households depend on "fringe financial services" such as payday lenders, according to the report by the nonprofit Corporation for Enterprise Development.

OBAMA-BUDGET

WASHINGTON (AP) -- The White House says President Barack Obama's budget will propose spending $74 billion more than current spending caps. That would be an increase of about 7 percent.

Obama plans to release his budget for the next fiscal year on Monday. The White House says Obama will propose $530 million for domestic programs, which is $37 billion more than the limits established by so-called sequestration.

Obama will also propose $561 billion for defense spending. That's an increase of $38 billion over the spending limits.

Obama wants to do away with the across-the-board cuts that Democrats and Republicans agreed to in 2011 in an attempt to reduce the federal deficit.

CONGRESS-KEYSTONE

WASHINGTON (AP) -- The Republican-controlled Senate is moving toward passage of a bipartisan bill approving the Keystone XL oil pipeline.

The move defies a veto threat and sets up the first battle with the White House over energy and the environment.

The Senate plans to vote later Thursday. It's the first measure taken up by the Republican-controlled Senate, and one of the first to draw a veto threat from the president.

The bill has 60 sponsors -- enough to pass, but not enough to override a veto.

The bill would authorize construction of the nearly 1,200-mile pipeline to carry oil primarily from Canada's tar sands to Gulf Coast refineries.

Critics argue the $8 billion project would spell disaster for global warming. Supporters call it a jobs bill that would boost energy security.

ARCTIC OFFSHORE DRILLING-SHELL

ANCHORAGE, Alaska (AP) -- Royal Dutch Shell PLC says it will drill off Alaska's northwest coast in 2015 -- if it can get the permits it needs and drill safely.

Speaking in London, Chief Executive Officer Ben van Beurden said Thursday that Shell will move forward with its plan to use two drill vessels in the Chukchi (chuk-CHEE') Sea subject to getting permits and legal clearance.

Shell last drilled in Arctic waters off Alaska in 2012. One drill vessel ran aground off Kodiak. The contractor on a second was fined $12.2 million for environmental and maritime crimes.

The company is awaiting a resolution to a lawsuit that challenged the federal government's environmental review before it sold Chukchi leases in 2008.

CARS-ZERO DEATHS

WASHINGTON (AP) -- Safety researchers say the chances of dying in a crash in a late-model car or light truck fell by more than a third over three years, and nine car models had zero deaths per million registered vehicles.

The Insurance Institute for Highway Safety said that for 2011 models, there was an average of 28 driver deaths per million registered vehicle years through the 2012 calendar year, down from a rate of 48 deaths for 2008 models through 2009. A registered vehicle year is one vehicle registered for one year.

But the gap between safest and riskiest models remains wide. Three 2011 models had rates exceeding 100 deaths per million registered vehicle years.

The institute says Improved vehicle designs and safety technology helped reduced risk, but there were other factors too.

EARNS-FORD

DEARBORN, Mich. (AP) -- Ford's net income tumbled to $52 million in the fourth quarter because of trouble at its Venezuelan operations.

Ford's earnings, of a penny per share, compared with earnings of 75 cents per share in the fourth quarter a year ago.

Without one-time items, including the Venezuela charge and separation payments in Europe, Ford earned $1.1 billion in the quarter, down 15 percent from a year ago.

Pretax earnings of 26 cents per share beat Wall Street's forecast of 22 cents per share, according to FactSet.

Fourth-quarter revenue fell 4.5 percent to $35.9 billion.

For the full year, Ford earnings fell 56 percent to $3.2 billion, or 80 cents per share.

Dearborn-based Ford had repeatedly warned that its profits would be down in 2014 as it introduced 24 new vehicles.

DETROIT FORECLOSURES

DETROIT (AP) -- Hundreds of Detroit homeowners at risk of losing their property are flocking to hearings that offer them a last-ditch chance to avoid foreclosure from tax debts.

The homeowners nearly filled a long conference room in Detroit's Cobo Center while waiting for their cases to be heard. Many hoped to work out payment plans.

Detroit's neighborhoods have yet to recover from the national mortgage crisis. More than 60,000 city properties are in foreclosure, putting them at risk of being added to a huge glut of vacant houses.

Detroit is believed to have the largest number of foreclosures at any one time in the county.

Gov. Rick Snyder signed a bill this month that allows homeowners facing financial hardship to use a payment plan to pay off debts and avoid foreclosure.

GREECE-EU

ATHENS, Greece (AP) -- The European Parliament's president is to be the first European official to visit Athens, a day after announcements by Greece's nascent radical left government on rolling back a series of key budget commitments sent the country's stock market plummeting.

Martin Schulz arrives in Athens Thursday for meetings with government and opposition officials, a day ahead of eurogroup head Jeroen Dijsselbloem. Both visits are being closely watched for indications of how Alexis Tsipras' government intends to proceed in bailout negotiations.

Wednesday's hard line prompted a quick EU warning and sent local investors into a panic on the prospect that Greece might be cut off from its financial lifeline.

Ahead of his visit, Schulz wrote in an online article that Tsipras must "reach out for compromise both inside and outside the country."

RUSSIA-WORLD CUP BUDGET

MOSCOW (AP) -- Russia's Sports Minister says the government will cut the budget for hosting the 2018 World Cup as part of plans to slash state expenditure while recession looms.

The Russian government is cutting its spending by 10 percent across the board after the central bank predicted last month that the economy could contract by up to 4.7 percent this year.

Mutko, who is a FIFA executive committee member, said in comments reported by the Tass news agency that World Cup stadiums and associated infrastructure would be exempt from the cuts, but "various organizational issues" and "subsidies to the organizing committee" would be cut. He did not provide specific figures.

This month, FIFA President Sepp Blatter said he had been assured by Russian President Vladimir Putin that economic problems would not affect the tournament.

Advertise with us!

Business News

US unemployment benefit applications plunge to 15-year low

WASHINGTON (AP) -- The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will likely remain healthy.

Consumer Info

   WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 --
 Companies that pride themselves on being eco-friendly may have conflicted
 ideas between marketing with ad specialties and maintaining their green
 reputation. ...

Entertainment News

"SELMA" STAR COMES TO AID OF BENEDICT CUMBERBATCH

LONDON (AP) -- The actor who plays Martin Luther King in "Selma" is speaking about the racial controversy over fellow British actor Benedict Cumberbatch.

Get This

SUPER BOWL SUPERFAN

WINFIELD, Pa. (AP) -- Super Bowl 49 will be the 49th for superfan Tom Henschel.

Science/Tech News

IN THE NEWS: WAZE -- AND POLICE

WASHINGTON (AP) -- It's used it to keep track of things like traffic delays and speed traps.

[an error occurred while processing this directive]

 
  • KTVL :: News - Across The Nation

    Across The Nation

    News and information from across the nation.
  • KTVL :: News - Border Crisis

    Border Crisis



  • KTVL :: News - Elections Day

    Elections Day

    Elections are in full swing in your town.Stick with News10 as the ballots continue to be submitted!
  • KTVL :: News - The Great Outdoors

    The Great Outdoors

    Join KTVL News10 for The Great Outdoors, a weekly segment featuring numerous activities related to outdoor living in Southern Oregon and Northern California.
  • KTVL :: News - Medford Teachers Strike

    Medford Teachers Strike

    As of 7 p.m. Wednesday February 5, 2014, no compromise in the dispute over a new contract between the Medford School District and Medford Education Association. 
  • KTVL :: News - Rogue River Homicide

    Rogue River Homicide

    The Jackson County Sheriff's office says 65-year-old Susan Monica was arrested for identity theft and other theft charges last Friday...
  • KTVL :: News - Patricia MacCallum Murder Trial

    Patricia MacCallum Murder Trial

    Patricia MacCallum is accused of shooting and killing her husband, Christopher MacCallum, during a camping trip last year. Patricia MacCallum's trial began Nov. 18. News10 is at the courthouse and will ...
  • KTVL :: News - Health Matters

    Health Matters

    Local Health Care Professionals Providing You With Helpful Health Tips!
  • KTVL :: News - Fire Watch 2013

    Fire Watch 2013

    Your source for evacuations, closures and relief efforts.
  • KTVL :: News - Your Voice. Your Future.

    Your Voice. Your Future.

    As the country faces challenges from federal budget issues to jobs and national debt, your voice is critical to the future.
  • KTVL :: News - Medfords Most Wanted

    Medfords Most Wanted

    Each week, News10 looks at the Rogue Valley's most wanted criminals and finds out who has been caught.
  • KTVL :: News - Health Care Reform

    Health Care Reform

     The Supreme Court ruling to uphold the Affordable Care Act sparked a new battle. Check here daily for the latest developments, locally and across the country.
  • KTVL :: News - Biscuit Fire:Ten Years Later

    Biscuit Fire:Ten Years Later

    It has been ten years since the Biscuit Fire scorched 500,00 acres in the Siskiyou National Forest.

  • KTVL :: News - Tasty Topics

    Tasty Topics

    We've all seen News10's Trish Glose tasting food on West Coast Flavors. Now she has more space to talk about food and drink!
  • KTVL :: News - No Text Zone

    No Text Zone

    Texting While Driving Kills Thousands of People Each Year. Many More are Seriously Injured. You Can Help Make Our Roads a NO TEXT ZONE
  • KTVL :: News - Washington Times

    Washington Times

    Politics, Breaking News, US and World News.
  • KTVL :: News - Reality Check

    Reality Check

    How are your tax dollars being spent? Reality Check tracks whether local, state and federal governments or any groups are using your money wisely...or wasting it.
  • KTVL :: News - Your View

    Your View

    When you see news, share it with us. Your View is the perfect place to share the video and photos you capture your town.
  • KTVL :: News - Green Wednesday

    Green Wednesday

    There are limits to our natural resources and News 10's Green Wednesday provides information on how we can be better stewards of the environment.

  • KTVL :: News - Cool Schools

    Cool Schools

    News10 is visiting Medford elementary schools and letting them show us what makes their school great.
  • KTVL :: News - On The Town

    On The Town

    On the Town highlights local entertainment activities from concerts at the Craterian, to plays, parades and fun runs, for the week and weekends in Medford and counties in Southern Oregon.
  • KTVL :: News - To Your Health

    To Your Health

    Dr. Dan, Monday KTVL News10 at 5 answers your health questions and discusses the latest developments in medecine. If you have questions, find the e-mail address and mailing address at ktvl.com.
  • KTVL :: News - West Coast Flavors

    West Coast Flavors

    Who doesn't love good food? News 10 invites area chefs to the West Coast Appliance kitchen to cook up their favorite recipes.

  • KTVL :: News - Crime Stoppers

    Crime Stoppers

    Crime Stoppers, Medford, Southern Oregon's answer to crime at ktvl.com. Find a police report of the active case, descriptons of suspects, vehicle information, rewards.

  • KTVL :: News - Rogue Gangs

    Rogue Gangs

    Gangs are a growing concern for police in Southern Oregon and Northern California. News 10 is taking an in-depth look at the issue.
  • KTVL :: News - Links from Our Broadcast

    Links from Our Broadcast

    Links and numbers from our newscasts at KTVL News10, Medford, Southern Oregon's news source. Relevant links to research topics of interest or to contact organizations.

  • KTVL :: News - Consumer Links

    Consumer Links

    Consumer information, links and numbers. Useful links to protect and educate the consumer from the Oregon and California State Departments, the federal government and other Associations.
  • KTVL :: News - Safety Links

    Safety Links

    Safety - links and numbers at ktvl.com. Emergency preparedness plans for Curry, Jackson, and Josephine counties' citizens. Links to California and Oregon Emergency Management Offices, National Safety Council, ...
  • KTVL :: News - Voting Links

    Voting Links

    Links to websites full of information and background material, as well as sites that help you take action.
  • KTVL :: News - Local Links

    Local Links

    Local links for Medford, Southern Oregon and Northern California. Community links for Curry, Josephine, Jackson, Klamath, Lake and Siskiyou Counties, schools, cities, chambers of commerce, Rogue Valley ...

more »

Tonight on KTVL

12:00pm:  News10 at Noon
12:30pm:  The Bold and the Beautiful
  1:00pm:  The Talk
  2:00pm:  Let's Make A Deal
  3:00pm:  Rachael Ray
  4:00pm:  Ellen
  5:00pm:  News10 at 5pm
  5:30pm:  CBS Evening News with Scott Pelley
  6:00pm:  News10 at 6pm
  6:35pm:  Who Wants to be a Millionaire
  7:05pm:  Family Feud
  7:30pm:  Celebrity Name Game
  8:00pm:  The Big Bang Theory
  8:30pm:  Mom
  9:00pm:  Two and a Half Men
  9:30pm:  The McCarthy's
10:00pm:  Elementary (Pt 2)
11:00pm:  News10 at 11pm
11:35pm:  The Late Show, with David Letterman
12:37am:  The Late Late Show

Complete Schedule »