KNX Business Hour 07.29.2010
Stocks pull back on a mixed bag of earnings news and comments from the president of the St. Louis Federal Reserve Bank who said in a research report the U.S. is closer than it has ever been to a threat of Japan-like deflation. The Dow dipped as much as 11
KNX Business Hour 07.28.2010
The Dow's four session winning streak comes to an end on the latest assessment of economic conditions from the Federal Reseve. The Fed's "Beige Book Report" showed some areas had lost steam over the past several weeks. The latest durable goods report was
KNX Business Hour 07.27.2010
A mixed finish for the stock market after a three day run up. The Dow closed up 12 points. Nasdaq pulled back 8. The S and P 500 ended down one point. The latest reading on consumer confidence for July from the conference board shows it dropped back to it
KNX Business Hour 07.26.2010
The summer rally continues on better than expected new home sales and a raised profit outlook at FedEx. The Dow closed up just over 100 points to 10,525, lifting it into positive territory for the year. The Nasdaq closed up 27 points. The S and P 500 gain
KNX Business Hour 7.23.2010
The stock market managed to shake off anxiety over the European bank stress tests and end the week sharply higher. Seven of 91 European banks failed stress tests and will have to raise a total of four and a half billion dollars in new capital. The results
KNX Business Hour 07.22.2010
Stocks take off on a bullish earnings forecast from financial company State Street Corp setting off a rally in the banking sector. Energy stocks also rebounded as the price of oil moved up more than two dollars to $74.07 a barrel. The Dow gained 275 point
KNX Business Hour 07.21.2010
This week's stock market rally runs out of steam on the latest assessment of the economy from Fed Chairman Ben Bernanke. He told the Senate Banking Committee the economic outlook is "unusually uncertain." He also acknolwedged continued weakness in the job
KNX Business Hour 07.20.2010
Apple wows Wall Street as earnings skyrocket. The challenge of keeping a business going during still tough times. Need to impress somebody in the OC, check out the "go to gals". The Dow Jones industrial average rose 75.53 points to end at 10,229.96. The S
KNX Business Hour 07.19.2010
U.S. stocks ended higher on Monday, spurred by optimism over forthcoming technology earnings and in the wake of strong orders from Dow component Boeing. Based on the latest available data, the Dow Jones industrial average was up 56.53 points at 10,154.43.
KNX Business Hour 07.16.2010
Downbeat consumer sentiment data and weak revenues from GE and two big banks slammed U.S. stocks Friday, driving major indexes down more than 2.5 percent. The Dow Jones industrial average slid 261.41 points to end unofficially at 10,097.90. The S & P's 50
KNX Business Hour 07.15.2010
U.S. stocks ended little changed, recouping losses late in the day Thursday with financial shares turning around, led by gains in Goldman Sachs. The Dow Jones industrial average was down 7.41 points to end unofficially at 10,359.31. The S & P's 500 Index
KNX Business Hour 07.14.2010
The S&P 500 broke a six-day winning streak Wednesday after the Federal Reserve sparked concern by suggesting additional measures may be needed to prop up a weakening economy. The Dow Jones industrial average was up 3.70 points to end unofficially at 10,3
KNX Business Hour 07.13.2010
The stock market's summer rally extends to six winning sessions with the Dow up another 147 points! Wall Street cheered the start of earnings season with Alcoa coming in with earnings that exceeded analysts expectations. The Euro firmed to a two month hig
KNX Business Hour 07.12.2010
The summer rally continues on thin volume. The Dow closes up 18 points, Nasdaq up 2 and the S and P 500 up 1. After the closing bell, second quarter earnings season began with Alcoa coming in with earnings that exceeded analysts expectations. Consumer Rep
Bell's Chief Administrative Officer Set for Life
To people in one of LA County's poorest cities it could be described as insult to injury: Their city manager makes about twice the salary of the president and could make even more if he retires!
LAX Officials: Emergency Exits Cleaned Up
LAX officials say blocked emergency exits have been cleaned up...in the wake of a KNX investigation into fire safety at the airport.
Missing the Grim Sleeper By a Hair
KNX 1070's Claudia Peschiutta talks with Detective Dennis Kilcoyne about the LAPD stakeout in 1988, which was three houses away from suspect Lonnie Franklin Jr.'s home
KNX 1070 NEWSRADIO is Southern California's most trusted and honored news radio station serving Los Angeles County / Orange County / Ventura County / Riverside County / San Bernardino County / San Diego County. 50,000 watt clear signal. CBS News. Traffic & Weather Together on the Fives. Money news, sports, weather, entertainment and special features. Streaming live online and offering News On Demand with free podcast downloads. Available in HD. Video webisodes of Money 101 Online with Bob McCormick, Cookin' Up a Kitchen with Melinda Lee. www.knx1070.com.
