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Why high oil prices are actually good for airlines

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 11:01 AM

NEW YORK (AP) — Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business.

In the past six years, airlines have overhauled the way they operate to adjust to this new reality. They've shown more discipline by offering fewer seats, which ensures airfares are high enough to cover costs. Unprofitable routes have been eliminated. And every expense has been scrutinized.


Death toll in Washington mudslide rises to 39

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 10:53 AM

EVERETT, Wash. (AP) — The death toll from the mudslide that hit the Washington town of Oso has risen to 39.

The Snohomish County medical examiner's office announced two more victims Wednesday and said it's trying to identify three of the bodies.

The sheriff's office still lists seven people as missing from the March 22 landslide that buried dozens of homes in the community about 55 miles northeast of Seattle.


Driver killed in 1 car accident near Erwinville

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 10:44 AM

ERWINVILLE, La. (AP) — State police are investigation a fatal crash in West Baton Rouge Parish.

Trooper Jared Sandifer says 56-year-old Rurid James of Erwinville was eastbound on La. Highway 620 early Wednesday morning when his car ran off the road, entered a ditch, hit a culvert and overturned.

Sandifer says James was ejected from the vehicle and died at the scene.


US stocks open higher; Yahoo soars in early trade

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 10:27 AM

Major stock indexes were notching small gains in morning trading Wednesday as investors cheered solid earnings from Yahoo and looked ahead to quarterly report cards from other big tech companies including Google and IBM. The market also got a boost from some encouraging news about China's economy and U.S. factory production.


SpaceX will try again Fri. to launch station cargo

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 10:06 AM

CAPE CANAVERAL, Fla. (AP) — SpaceX is shooting for another launch attempt Friday to the International Space Station.

NASA confirmed the launch date Wednesday, two days after a last-minute rocket leak delayed the delivery mission. Stormy weather, however, is forecast for Friday. Saturday is the backup launch date.


Yahoo, PNC among early winners among US stocks

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 09:55 AM

Stock indexes are opening higher after more U.S. companies reported solid earnings and some encouraging news about China's economy.

Yahoo soared 8 percent after the company said it was benefiting from its lucrative investments in Asia and that its advertising sales were recovering.

PNC Financial rose 1 percent after reporting earnings that were better than analysts were expecting.

The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,850 in the first few minutes of trading Wednesday.


Cargo ship grounded in windy Chesapeake Bay

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 09:38 AM

NORFOLK, Va. (AP) — The Coast Guard says a 751-foot cargo ship has run aground in the lower Chesapeake Bay, and officials hope they can try to free it during high tide.

The bulk carrier Ornak ran aground Tuesday night near First Landing State Park as winds gusted up to 70 mph. The ship typically carries goal and gravel and was anchored east of the Chesapeake Bay Bridge Tunnel. No injuries, damage or pollution were reported. Officials say they'll attempt to free it Wednesday morning if weather conditions allow.


EL Doctorow to receive Library of Congress Prize

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 09:36 AM

NEW YORK (AP) — Novelist E.L. Doctorow will be honored with the Library of Congress Prize for American Fiction.

Librarian of Congress James H. Billington made the announcement Wednesday.

Billington said each of Doctorow's books is a "vivid canvas" filled with "color and drama." He likens Doctorow to Charles Dickens.

Doctorow says novelists live with self-doubt. He says the honor confers "a blessed moment of peace and resolution."


Toyota Camry gets a top-to-bottom makeover

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 09:21 AM

NEW YORK (AP) — Shaken by the advances of newer, sportier rivals, the Toyota Camry is trying to shed its vanilla reputation.

The redesigned 2015 Camry, unveiled Tuesday at the New York Auto Show, is longer and wider, with a more aggressive design. Toyota says it changed every exterior piece but the roof.


US factory output extended solid gains in March

POSTED BY: Associated Press
Wednesday, April 16, 2014 - 09:15 AM

WASHINGTON (AP) — U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products.

The Federal Reserve said Wednesday that factory production rose 0.5 percent in March after a revised 1.4 percent surge in February. Manufacturing output has climbed a solid 2.8 percent over the past 12 months.


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