TODAYS TOP STORIES
New tax law packed with breaks for businesses
By STEPHEN OHLEMACHER
WASHINGTON (AP) -- Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles.
More than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion. Congress routinely renews the tax breaks. But this time around, they were allowed to expire at the end of 2011 as lawmakers struggled to reach consensus on a wide range of tax issues.
The package passed by Congress this week and signed by President Barack Obama renews the tax breaks retroactively, so taxpayers can claim them on both their 2012 and 2013 tax returns.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed
Posted: Saturday, January 5 2013, 02:18 PM CST
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.
Sometimes the stories with the most impact come directly from the viewers. If you have a story that needs to be told, we want to hear it. Fill out the form below and let us know what stories need to be told.
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.