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

News10 LiveLinks from BroadcastSusan Monica Murder InvestigationPEAR BLOSSOM INFO

Forecast

Today: Showers likely. Cloudy. High near 64. West wind 10 to 13 mph, with gusts as high as 18 mph. Chance of precipitation is 70 percent. New precipitation amounts between a tenth and quarter of an inch possible.

Tonight: Showers. Low around 41. West wind 8 to 13 mph becoming ... More
Washington Times
Advertise with us!

Business News

Last Update on April 24, 2014 17:31 GMT

UNEMPLOYMENT BENEFITS

WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.

The Labor Department says the four-week average of applications, a less volatile number, rose 4,750 to 316,750. The four-week average fell two weeks ago to its lowest level since October 2007, two months before the recession began.

Applications can be volatile around Easter, because many school systems temporarily lay off bus drivers, cafeteria workers and other employees during spring break. Some of those workers file for unemployment benefits.

Despite the volatility, applications have generally been declining in recent months, a hopeful sign for the job market. Three weeks ago, applications fell to 301,000, the lowest level in nearly seven years.

DURABLE GOODS

WASHINGTON (AP) -- Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.

The Commerce Department says that orders for durable goods increased 2.6 percent in March following a 2.1 percent rise in February. Those back-to-back gains followed two big declines in December and January which had raised concerns about possible weakness in manufacturing.

Demand for core capital goods, considered a good guide for business investment plans, rose 2.2 percent in March after a 1.1 percent drop in February. It was the best showing since a 3 percent rise in November.

Manufacturing seems to be recovering after a cold winter disrupted business activity.

JAPAN-US-TRADE

TOKYO (AP) -- Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama's visit to Tokyo.

Economy minister Akira Amari, Japan's top negotiator, said too many issues remained unresolved and further working-level talks will be needed to reach a market-opening pact as part of the Trans-Pacific Partnership.

Amari told reporters Thursday that no end was in sight. He described the negotiations as in a "tough situation."

The two sides had hoped to proclaim a broad agreement or at least significant progress during Obama's visit, which ends Friday.

A Japan-U.S. deal is seen as crucial for talks among the other 10 countries participating in the U.S.-led initiative to move ahead.

EARNS-GENERAL MOTORS

DETROIT (AP) -- General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.

GM had a net profit of $125 million, the company's worst quarterly performance since it posted a net loss after leaving bankruptcy protection in 2009.

The Detroit automaker says it took a $1.3 billion charge for recalling about 7 million vehicles worldwide. The company also incurred $300 million in restructuring costs, mostly in Europe. And it took a $419 million charge due to a change in the way it values Venezuela's currency.

GM made 6 cents per share, down from 58 cents per share a year ago.

Excluding one-time items, GM made 29 cents per share, far above Wall Street estimates of 3 cents per share.

EARNS-CATERPILLAR

Caterpillar 1Q profit climbs 5 pct, forecast rises

Caterpillar's first-quarter earnings climbed 5 percent and the construction equipment maker raised its 2014 forecast. But the company also says a mining equipment sales slump is still hurting results.

The Peoria, Ill., company says it now expects 2014 earnings of $6.10 per share excluding restructuring costs. That's up from its previous forecast for $5.85 per share.

Analysts expect $5.72 per share, on average.

Caterpillar Inc. says it earned $922 million, or $1.44 per share, in the quarter that ended March 31. That compares to $880 million, or $1.31 per share, last year.

Earnings totaled $1.61 per share, excluding restructuring costs. Total revenue was nearly flat at $13.24 billion.

Analysts forecast earnings of $1.21 per share on $13.09 billion in revenue.

EARNS-UPS

DALLAS (AP) -- First-quarter revenue at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue.

The Atlanta company says the rough start to the year means that full-year earnings will come in at the low end of earlier forecasts.

UPS posted earnings of $911 million, or 98 cents per share, well short of the $1.08 that Wall Street was looking for, and less than the $1.04 billion, or $1.08 per share, it reported a year earlier.

UPS says winter storms reduced operating profit by $200 million as costs rose.

Revenue rose 2.6 percent to $13.78 billion, but that's still shy of the $13.91 billion that analysts had forecast.

EARNS-AIRLINES

DALLAS (AP) -- Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

Still stuck on the tarmac: United Airlines. While rivals were making money, United lost another $609 million during the first three months of the year.

The No. 2 airline company behind American, United Continental Holdings Inc. is struggling to make the 2010 merger of United and Continental work. As costs rise, United is taking in less per mile from passengers -- it's not charging fares high enough to cover expenses.

"This quarter's financial performance is well below what we can and should achieve," conceded United Chairman and CEO Jeff Smisek. He said the airline is taking steps to fix its operations and service to boost financial results.

VACATION FORECAST

ORLANDO, Fla. (AP) -- The frugality of the Great Recession may be history.

Orbitz senior editor Jeanenne Tornatore (jeh-NEEN' TOR'-nah-tor) says the travel website's survey finds 88 percent of Americans plan real vacations this year. She says "people don't talk staycation anymore," as was popular a few years ago. This year's survey finds "people really getting back out, taking these longer vacations and kind of trading up for some bigger destinations."

Tornatore says Orbitz bookings show the Mexican resort of Cancun as the top destination, but most of the other hot spots for fun-seekers are in the U.S. -- with Las Vegas, Orlando, Seattle and Los Angeles rounding out the top five, and Honolulu ranks tenth.

Average airfares are up about six percent from a year ago, according to Tornatore. She urges vacation travelers to shop around for deals, and use rewards points -- they can save big time.

Tornatore says mid-June through late July is the peak summer vacation period, and you should get airline tickets about 60 days in advance. She says if you're planning your vacation during that busy period, "you really want to book now."

MANDALAY BAY CONVENTION CENTER-EXPANSION

LAS VEGAS (AP) -- The Mandalay Bay resort in Las Vegas is planning a $66 million expansion that will boost its convention center from the seventh-largest to the fifth-largest in America.

Company officials said Thursday that the 350,000 square feet of new exhibit space will help it attract larger trade shows, and will allow events already there to expand.

The convention center will hit 2 million total square feet after the expansion, putting it behind only McCormick Place in Chicago, the Orange County Convention Center in Orlando, the Las Vegas Convention Center and the Sands Expo that's also in Las Vegas.

Construction is scheduled to begin late this year and wrap up in January 2016.

Las Vegas hosted 53 of the nation's 250 largest trade shows last year, more than any other U.S. city.

Advertise with us!

Business News

Applications for US unemployment aid jump to 329K

WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.

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

"AMERICAN IDOL"

LOS ANGELES (AP) -- Keith Urban says you never forget your first time.

Get This

NETHERLANDS-MARIJUANA CAFES

AMSTERDAM (AP) -- Sex and pot won't be going together -- at least not in Amsterdam.

Science/Tech News

IN THE NEWS: FCC TO PROPOSE NEW "NET NEUTRALITY" RULES

LOS ANGELES (AP) -- The issue of "Net Neutrality" is back in the news.


 
  • 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:  Inside Edition
  7:30pm:  Extra
  8:00pm:  The Big Bang Theory
  8:30pm:  The Millers
  9:00pm:  Two and a Half Men
  9:30pm:  Bad Teacher
10:00pm:  Elementary
11:00pm:  News10 at 11pm
11:35pm:  The Late Show, with David Letterman
12:37am:  The Late, Late Show, with Craig Ferguson

Complete Schedule »