TODAYS TOP STORIES
Expectations High for Federal Reserve
WASHINGTON (AP) -- Is the Federal Reserve about to prescribe some new medicine for the U.S. economy?
Analysts awaiting the outcome of today's central bank meeting think it could announce a third round of bond purchases meant to ease long-term interest rates and spur borrowing and spending. It's been called "quantitative easing," or QE.
Others predict a more measured response saying it might just extend the timetable for any rise in record-low short-term rates beyond the current target of late 2014 at the earliest.
Fed officials began their discussions yesterday and will end with an announcement of any decision around midday. Later, Chairman Ben Bernanke will hold his quarterly news conference.
The Fed is facing pressure to act now because the U.S. economy is still growing too slowly to reduce high unemployment.
Posted: Thursday, September 13 2012, 06:09 AM CDT
IN OKLAHOMA NEWS
Tornado hits OKC suburb, kicking up debris
May 19, 2013 22:29 GMT
EDMOND, Okla. (AP) -- A tornado kicked up debris in an Oklahoma City suburb and threatened a number of tourist attractions on historic Route 66 before growing into a larger storm that rolled across rural parts of central Oklahoma.
Television footage Sunday showed a tornado at Edmond . The storm threatened a novelty soda-pop store and a historic barn in the small town of Arcadia, then grew into a larger storm as it moved northeastward a few miles north of the Turner Turnpike between Oklahoma City and Tulsa.
The Storm Prediction Center had forecast a moderate risk of severe weather in Oklahoma and adjacent portions of Kansas and Missouri.
TV video also showed power flashes from transformers blowing out as they were hit by high winds or debris.
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From the FOX 25 First Forecast Center..Tornado Watch currently in effect for central and eastern Oklahoma until 11pm this evening. Dry line is currently in between central and western Oklahoma with storms just starting to fire up. ...
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.