blockbuster mortgage deals more on path of those as we go to jane king. >> i think the mortgage deals have less fat. right now the dow is down just about four points. >>> bay area heroes caught on helmet cam. the new tool allowing us to see a fiery rescue through the eyes of the rescuers. >>> to prevent racy websites the practical reason one of the bay area's respected universities is buying up important traffic web domain names. >> reporter: rick santorum ways in on the court ruling in favor of same-sex marriage. the story is coming up. úúúúúúúúb >>> good morning. welcome back. we have rain in the northwest corner of our state otherwise fairly quiet across the state. temperatures like here at home will be warmer with low to mid 60s through the central valley upper 60s big sur, san diego mid 70s around los angeles and palm springs. they will be making snow not from mother nature 45 tahoe, 52 in yosemite. >>> now 6:43. this afternoon, two bay area women who were abducted by tribesmen in egypt last week are expected to land at sfo. they were taken captive while on their to

-- >> jane king has the bloomberg business report. hi, jane. >> good morning. the most anticipated public offering since google. facebook has chosen morgan stanley to be their underwriters and they are expected to file the paperwork today. they plan to raise $5 billion through the sale but it could be more. facebook its oversight, according to one -- facebook is over hyped. >> that would be 25 times revenue and that does not happen. linkedin was about 11 times revenue. google was only 15 times revenue. i do not understand people rushing to buy in at 25 times. >> facebook is still one of the biggest ipo's this year. a mixed close yesterday. the dow and s&p pulling back. business activity cooling off in january. investors are eyeing amazon. reported sales were missing analysts' estimates. the kindle fire is the most was for product on amazon since its introduction 17 weeks ago. i'm jane king reporting for wbal-tv 11 news. back to you. >> moms are refusing to go to america when it comes to buying things for their babies. >> a lot of pressure to give your baby the very best. maugham's experie

. >> investors are placing their bets on caesars. jane king has the bloomberg business report. hi, jane. >> young people suffering bigger income losses than any other age group. there is now a record gap in employment from the young and the old. these are people aged 18-34. 54% of seniors say their employment is good. three more states have agreed to join more than 40 states in a settlement. the deal may not be worth as much as $39 billion. we're still waiting to hear from delaware and massachusetts on that salomon. -- on that settlement. stop pushed higher yesterday --stop us pushed higher yesterday -- stocks pushed higher yesterday. the prime minister of italy will meet with president obama today about italy's debt. it is bigger than greece. caesars is back as a publicly traded company on wall street. the shares nearly doubled after selling shot in an ipo. heavy volume trip the circuit breakers. caesars should benefit as the economy improves. i'm jane king for wbal-tv 11 news. >> 5:22. 33 degrees on tv hill. how the orioles are making out. >> don't forget to e-mail us your response to

award you $10,000 in gift cards. jane king has the bloomberg business report. hi, jane. >> good morning. some mixed news coming of europe. that $173 billion bailout for greece has been approved. some are skeptical that it is not enough. we will hear from walmart and home depot today. futures are pointing to a bit of a higher start. there was some speculation on friday that that would happen this weekend. apple on the verge of selling nearly 25 billion apps worldwide. if you download the 25 billo ionth app, the company will give you a gift card. lockheed martin has begun its first flight test for the at-35. the test was done at edwards air force base -- f35. umbc low productivity because the new angry birds game will be launched. it will be a new game but it will have some familiar elements. i'm jane king for wbal-tv 11 news. >> we never noticed the lisp before with the 25 billionth. >> i don't even know how to say that. >> there is always a lot of buzz around apple products. >> we have heard rumors of a new ipad 3. a new nook e-reader is on the horizon. were you can get it blackberry pl

posting big profits. -- one bailout company is posing big profits. jane king has the bloomberg business report. it is friday. >> happy friday. the recipient of the biggest taxpayer bailout in history is reporting a big jump in profits, a jump of 77%. the government still owns a majority stake in aig. bp may not be all that popular these days but the government sure seems to like it. they have stepped up purchases making it the biggest, oil fuel supplier following the 2010 spill. crude oil futures are back up again, $108 a barrel. we do have some better than expected news from weekly jobless claims and that helped boost stocks yesterday. jane king for wbal-tv 11 news. >> a lot of teenagers are probably thinking, what movie to want to see? maybe get a jump on it. >> except this movie is not coming out until march. sales even eclipsing "twilight." i will tell you what movie that is. >> i am sure we know nothing about it. >> thank you, jane. >> 46 degrees on tv hill. this is oscar weekend. that does not mean movies take a break. >> a preview when we continue. >> jennifer aniston and paul ru

. jane king has the bloomberg business report. tgif. >> happy friday. big business in baltimore. n tons of cargo. that is the second-highest amount of any year on record. the automobile industry is thriving again. we'll know more when we get a report on the trade deficit this morning. the deficit probably widened in december to 86-month high -- to a six-month high. futures this morning are available but on the defensive. when will greece get this international aid? we did inch higher yesterday. there was a deal on a bailout package for greece. the postal service continues to lose tons of money. they lost more than $3 billion. that quarter is usually its strongest. this was the ninth straight quarter of losses and may put pressure on congress to return the post office to solvency. apple past microsoft and then it big oil got smaller. apple past exxon mobil in terms of the company a value and their evaluation is about $460 billion . apple is now worth more than google and microsoft combined. i'm jane king for wbal-tv 11 news. nextunderstand google's venture has to do with home entert

send us an e-mail to watercooler@wbaltv.com. burritos are here to stay for chipotle. jane king has the bloomberg business report. >> good morning. the move to electronic textbooks sounds like a great idea, right? yesterday, are duncan unveiled guidelines for schools to make the transition to digital textbooks. the problem is cash-strapped schools to make it happen. higher prices for triple what are here to stay -- higher prices for the chipotle are here to stay. we will get numbers on weekly jobless claims on wall street. we did have a higher day for stocks yesterday. there was optimism that greece would get a financing deal. the bloomberg maryland index was up. travelers are attached to their hotel loyalty programs. 73% would choose loyalty programs over their cells. they thought it would outlast their marriage or their current job. i'm jane king for wbal-tv 11 news. >> 51 degrees on tv hill. two overtimes for the terrapins last night. keith mills will tell us if the terrapins were able to come back. >> here is a look at last night's winning maryland lottery numbers. denny's new s

for your help. jane king has the bloomberg business report. >> researchers identified more than 275 different chemicals in car interiors and those chemicals include those associated with birth defects. help his car was the honda civic -- the healthiest car was the honda civic. a report due on housing starts which measures how many builders broke ground on new homes and economists expect to see a rise. markets did end lower yesterday on concern about greece. john said they will get more involved in helping europe with the debt crisis. the bloomberg maryland index was lower on losses for lockheed martin. the baltimore grand prix is hiring. they're looking to break up to half a dozen workers with the communications and promotion of the program. that is business. i'm jane king for wbal-tv 11 news. >> thank you. 6:22. 39 degrees on tv hill. >> the terrapins will have to make a run without a key player. keith mills will join us live in the studio. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. s

. magical profits at walt disney. jane king has the bloomberg business report. >> good morning. some good news for the walt disney company. more people are visiting their theme parks. they are also optimistic about their cruise ship business. other things are weighing on their quarterly results. profits are getting fatter at buffalo wild swings. -- wild wings. the restaurant chains announcing plans to open as many as 600 more stores. we're waiting on quarterly results from wholefoods and sprint. a modestly higher day for stocks yesterday. the dow is at its highest level since may of 2008. the bloomberg maryland index was lower. red robin welcoming a girl's night out and offering wine and dessert at half price. about 70 million probably dined out on valentine's day last year. i'm jane king for wbal-tv 11 news. >> 6:20. 35 degrees on tv hill. two early-morning problems in owings mills. >> the terrapins take on the clemson tigers. >> don't forget to e-mail us your response to our water cooler question of the day. do you think a legislature should be able to restrict people from wearing certa

atnging least $20 in sales. $20? get out!" free pancake day at ihop. jane king has the bloomberg business report. >> good morning. the ipa another sign that the ipad 3 may be coming soon. best buy now offering $50 off ipad 2 models. that is a rare move. online shopping expected to grow stronger. we spent more than $200 billion online last year and are expected to shell out $325 billion. jitters in europe after a meeting in mexico said no to more imf bailout funds for europe. germany voting on greece's belau lout today. ihop giving out a free stack of pancakes. they ask you to leave a donation for the chai children's miracle network. i'm jane king for wbal-tv 11 news. >> thank you. 6:21. 34 degrees on tv hill. the nba shows off its all stars. >> here is a look at last night's winning maryland lottery numbers. hope you have them. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. we start on northbound 29. word of an accident taking up two right lanes in that area. you may start to see some delays northbound on

movie. jane king has the bloomberg business report. >> good morning. bank of america going on strike for the way fannie mae is treating it. they're halting their sale of new home loans to fannie mae because fannie mae has been labeling them as a faulty and sending them back. some improvement in the maryland jobs picture. falling to about 6100. initial claims also fallen in d.c. and virginia. better than expected report on weekly jobless claims. the bloomberg maryland index was hired. q. how some people did not like all the calories in soda in but they cannot stand the diet drinks. pepsi has a compromise. six guest calorie pepsi next. if you hope to see the new game games," you may want to hurry up. this is about teenagers forced to fight to the death on live tv. i'm jane king for wbal-tv 11 news. >> this week she has joined the circus and learn how to train the dolphins. >> ava marie to try to take a dip in a pool -- decided to take a dip in a poll. ol. >> our first task was to feed a bat. in almost resembled a puppy. batsr lunch, we let the th out to play. next we prepare the

history. a bailout helped save the company. air fares and foreclosures are on the way up again. jane king has the bloomberg business report. do you have any good news this morning? >> i will look for some. kind of hard to find this morning. we knew last week that we would probably see this. foreclosures are back on the rise. bank repossessions rose 8% last month compared to december. filings soaring in maryland. that trend is expected to continue. a lot of banks put the foreclosures on how hold. americans may be getting more financially responsible. just over half of americans expect a state or federal tax refund this year and a majority plan to save at least part of that are used for necessities like food or utility bills. weekly jobless claims numbers are housing today as well as wholesale producer prices. yesterday was the worst day of the year so far i'm concerned that greece will miss a debt payment. more airline price hikes. one-way fares went up on most flights by $5 and that includes airtran flights. competitors may match that increase. american did so yesterday afternoon. i want to c

economy. jane king has the bloomberg business report. >> good morning. the next doctor's appointment may cost you more. things that were once let go by now costs 2, up to $20 for things like forms and medical records or skipping appointments. patients have been skipping annual checkups and screenings. you may not be as board in a hospital room. increasing sales staffs to hospitals and doctors' offices. greece back in focus this morning. the bailout is still up for a vote. stocks were dragged lower on friday. the bloomberg maryland index took a dip. more americans getting a net tuck.alkip and cosmetic procedures are on the rise. i'm jane king for wbal-tv 11 news. >> thank you. >> maybe cosmetic surgery is the gift to give. >> 6:22. easing the pain. the event honoring billy cundiff. he will bounce back. >> don't forget to e-mail us your response to our water cooler question of the day. what is your favorite memory of whitney houston? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> here is a look at last night's winning

withholding payments to lockheed martin. for those stories, let's join jane king in the bloomberg business report this morning. >> employment among younger americans near a 64-year low. president obama may have problems with that group that voted for him. just 54% of that demographic held a job at the end of last year. futures indicating a slightly positive start. we'll hear from ben bernanke as he delivers his semiannual testimony. that is one thing we will be watching today. the dow closed above 13,000 mark. we have some strong numbers on consumer confidence. a setback for lockheed martin. payments of about $1 million a month will be withheld from their aeronautics division. this puts pressure on them to correct deficiencies and accounting. the money will be paid once the deficiencies are fixed. we have for about apple's ipad 3. apple will be holding a product unveiling in san francisco on march 7. features a picture of a ipad screen and it will have late faster processor. we will have to wait and see. i'm jane king reporting for wbal-tv 11 news. >> the owner of the holiday inn chain is

. jane king has the bloomberg business report. >> good morning. barnes and noble nook is a blockbuster hit. new tablets will be released this week. that will allow to go head-to- head with the kindle fire. the kindle fire is reportedly getting a makeover as well. will be a bigger 10-inch model. spot offering a droid tablet of $169.99. it is refurbished and there is no warranty. waiting on results from walmart and home depot. there was a higher close on friday. the bloomberg maryland index slightly lower. the government work force is expected to shrink 13% this year. workers contributing more to their pensions. a pay freeze extending for another year. i'm jane king for wbal-tv 11 news. >> 29 degrees on tv hill. >> a. knell biter in big east basketball -- a nail-biter in big east basketball. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. several accidents coming in including one and the brooklyn park area. we have a live picture from

obesity problem. jane king has the bloomberg business report. >> good morning. walmart wants to put more healthy food on your dining table. they will detail their healthier food initiative in som. you can find those products easier in the store. americans are getting less dependent on other countries for energy. the u.s. is producing some much natural gas the government may iapprove exports. financial jobs have been on the decline. as many as 5000 workers and that includes hiring in the baltimore office. a lower close on wall street with concern over greece's ongoing debt crisis. the bloomberg maryland index was lower. build-a-bear is opening a store inside sinai. the store will open on february 27. i'm jane king for wbal-tv 11 news. >> 6:20. 38 degrees on tv hill. an accident in westminster is slowing things down this morning. >> a few days before orioles pitchers and catchers report to spring training. which starter has been let go? >> don't forget to e-mail us your response to our water cooler question of the day. would you support expanding gambling at slots parlors to include t

are your neighbors do, too. jane king has the bloomberg business report. >> more job growth in maryland. about 100 new workers locally over the next 12 months as they expand the commercial side of their business. repositions include software engineers and even a web content and social media specialists. the pope putting out one papal tweet a day during lent. many of the ideas can be expressed in under 140 characters. jeremy lin putting in a patent on the word "linsanity." we did have a lower close for stocks yesterday. concern about europe weighing on things. the baltimore area ranks eighth in the city's most likely to do yourself. americans want to save money by tackling their own home improvement projects. i'm jane king for wbal-tv 11 news. >> we're number 8. i like the smell things my self. still ahead, your answers to our water cooler question of the day. >> a mild day today but the changes coming up in the seven- day forecast. a beautiful sunrise. stay tuned. stay tuned. >> welcome back to 11 news today. police are investigating a pair of late-night shootings. the most rec

raise the price of the first class stamp. jane king has the bloomberg business report. good morning. >> another week down. happy friday. the dow is within hitting 13,000 . few jews are flat this morning -- futures are flat this morning. stocks were on the rise yesterday boosted of signs of an economic recovery. strong reports on the jobless claims. the doc is that the highest level in nearly a quarter years. the postal service wants to raise the price of a first-class stamp by a nickel. it is an 11% increase. they could lose $18 billion by 2015. fewer people locally or on food stamps when compared to the national average. 6.6% of the more than 1 million households in baltimore are on food stamps. your city ranks 101 out of the matter 42 cities examined. say goodbye to king's size versions of your favorite candy. mars will stop making chocolate project that exceed to wonder 60 calories by the end of next year -- that exceed 260 calories. i'm jane king for wbal-tv 11 news. back to you. >> people will be buying two of the smaller sizes. facebook and twitter making more changes open the

since google many reports that facebook is expected to announce plans to go public today. >> jane king joins us live if -- on the latest. >>> some calling it the most anticipated initial public offering since google in 2004. facebook has chosen morgan stanley to be unwriters and expected to file paperwork today. -- with the underwriters and expect to file paperwork today. hedge fund manager thinks facebook is overhyped. >> this is a very overpriced company facebook at 100 billion dollars would be 25 times revenues. that doesn't happen linkedin was 11 times revenues, even google was only 15 times revenues. i don't understand people who are rushing to buy in at 25 times, it seems like it is destined for tears ahead. >> reporter: though no question facebook is one of the biggest ipo's of the year. headlines on twitter research firm says microblogging service going to triple by 2014. we have a higher open this morning optimism about jobs, chrysler out with a nice turn-around profit first yearly since 1997 big jump in january sales. the bloomberg silicon valley intext up half percent. live at the

to find love. jane king has the bloomberg business report. >> isn't that the truth? many people finding themselves up to their ears with student loans. it is approach to the $1 trillion mark. boring like this is reminiscent of the mortgage crisis -- borrowing like this. the pentagon is the largest consumer of energy in the world. the government spent more than $17 billion in oil. around $99 arude barrel. stocks headed higher day yesterday modestly. the dow now at its highest level since may of 2008. finding love in the office is nothing new. a recent survey found that 30% of workers have dated somebody they work with. of those, nearly one-third made them their husband or wife. i'm jane king reporting for wbal-tv 11 news. >> thank you. 5:23. 35 degrees on tv hill. having a reason to visit ocean city. >> don't forget to e-mail us your response to our water cooler question of the day. do you think a legislature should be able to restrict people from wearing certain types of clothing, like pajama bottoms, out in public? you can share your response at wbaltv.com and on our facebook p

are planned weekly -- in just 10 steps. i am jane king for wbal-tv 11 news. >> that should help. >> i have trouble with that. >> we will get up to date with problems on the roads that could impact your morning commute. >> the terps get a win. keith mills will have highlights. >> here is a look at last night's winning maryland lottery numbers. today my journey continues across the golden state, where everyone has been unbelievably nice. mornin'. i guess i'm helping them save hundreds on car insurance. it probably also doesn't hurt that i'm a world-famous advertising icon. cheers! i mean, who wouldn't want a piece of that? geico. ah... fifteen minutes could save you fifteen percent oh dear... or more on car insurance. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. we have a pretty smooth ride and most of the roadways. northbound route 4 remains closed in southern anne arundel county. some closures will cause some delays northbound on route 4. we do have a detour set up. look like a nice start on the north side.

are getting ready to sell the new ipad. jane king has the bloomberg business report. >> good morning. if you're hesitant to use a turbo tax, the maker of the program now has a free live help available by phone or online chat. that is an effort to grab more business. avon is planning to restructure its operations. an overhaul is needed to reverse two years of profit declines. quarterly results will be reported in a few hours. investors yesterday showing love for stocks. the bloomberg maryland index rose. look at shares of apple. the stock rallied above the $500 level. the stock could go as high as $600. more rumors about a new ipad that runs on 4g wireless networks. apple appears to be planning a launch in early march. i'm jane king for wbal-tv 11 news. >> 6;20. 35 degrees 35-- 6:20. you may want to avoid the key bridge -- 35 degrees on tv hill. >> a shake-up for the terps offense after danny o'brien announced he will leave. >> don't forget to e-mail us your response to our water cooler question of the day. tell us what your special plans are for valentine's day. you can share your re

on credit cards than on other loans because they remain riskier. changes at panera. jane king has the bloomberg business report. >> good morning. a new passenger screening program to make check-in more convenient for some travelers. is being expanded to 28 airports, including bwi. passengers would no longer have to remove their shoes and belts. panera brad will expand table service at more of its locations. their focus will be on their purpose damages, which have been hot sellers. inflation is not going away. sharp price increases for beef. quarterly results from duncan brands. we'll also hear from expedience. the prime minister for greece work on specific terms on another bailout. the bloomberg maryland index was off fractionally lower. i'm jane king for wbal-tv 11 news. >> 6:18. 33 degrees on tv hill. carroll county has a two-hour delay. can check the delays on our website, wbaltv.com. >> the blue devils to take on the tar heels. keith mills will have highlights. >> don't forget to e-mail us your response to our water cooler question of the day. what do you think of the mandate that

. the lead level does not pose a risk. a chocolate shortage may be upon us. jane king has the bloomberg business report. >> good morning. sales of the greatest hits for whitney houston sort to the top at amazon and itunes. sony took the venice of this and hiked prices in the u.k. just one day get to the singer's death. sony apologized. a report says international demand of chocolate is soaring and manufacturers may not be able to keep up with it. whether you like your orange juice sweet or tart, pepsico wants to water down your juice. some consumers prefer the jews with a taste that is less affected -- some consumers prefer juice with a taste that is less thick. a mixed close on wall street. an unexpected drop in auto sales. the bloomberg maryland index take a dip. i am jane king has the bloomberg business report. for wbal-tv 11 news. >> problems on the roadways in the parkville area. >> linsanity continues. keith mills will join us live in the studio to show us. >> don't forget to e-mail us your response to our water cooler question of the day. do you think coaches have the r

of coffee to roses on valentine's day. jane king has the bloomberg business report. good morning, to you. >> happy valentine's day. some news about the defense industry. they are going through some major changes. the recent budget involves cutting thousands of soldiers from active and reserve duty. that would be the first time that has been done since the aftermath of the cold war. the joint strike fighter might be cut by eliminating 13 planned aircraft. we'll get the latest report on retail sales. we were out shopping last month. there was a rise in january led by a bigger demand for autos. stock futures indicating a little bit of weakness. moody's cutting the debt rating of six countries, including portugal. europe still has a lot of problems. greece had appealed their bailout package and they may be able to get an international bailout. coffee will be a part of their valentine's dinner or date. 1/3 of female respondents say they would give up their sweethearts instead of giving up their coffee. i'm jane king reporting for wbal-tv 11 news. >> what does that say? >> i do not kno

companies are hoping you will leave fp day. jane king has the bloomberg business report. >> good morning. zappos trying to celebrate leap year. people can wait four years to decide if they will keep or return an item. that is only for items that you by tomorrow. disneyland will be opened 24 hours tomorrow. retailers staples has a savings event with 29 offers. items ranging from paper to laptops. some boy is giving away free cookie with any free-- subway. yesterday was a ho-hum day for stocks. the bloomberg maryland index was lower. certain drugs may be available over the counter instead of needing a prescription. this is because people with elements may not be able to get a doctor's prescription which means they are not being treated. i'm jane king for wbal-tv 11 news. >> thank you. 40 degrees on tv hill. will check the roads and the things that could slow down your morning commute. >> fireworks on the lights at daytona. keith mills has highlights from the wild nascar race. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus

buy bread names over generics for their babies. jane king has the bloomberg business report. >> a new survey reveals mothers feel pressure to still buy expensive baby brands. 30% are willing to buy store brands for their babies. mattel has hiked prices in january. mattel expects those factors to rise this year. facebook's ipo back in the news. they are expected to file paperwork with the sec today. they plan to raise $5 billion through the sale. the bloomberg maryland index a touch lower on losses for the co-star group. pfizer recalling a generic version of birth control pills. women on the pills at risk for pregnancy. pfizer has not received any reports of adverse health consequences. i am a jane king at the new york stock exchange for wbal-tv 11 news. >> 6:20. 55 degrees on tv hill. an early morning accident that several of details about. >> the biggest story in football is about a player who is not playing in the big game. >> here is a look at last night's winning maryland lottery numbers. denny's new sizzlin' skillets are here for a limited time. so strike while the iron's hot. st

may be getting a friendlier for travelers. apple is looking to sue eastman kodak. jane king has the bloomberg business report. >> kodak just filed for bankruptcy and now apple is asking for the ok to sue them over allegations of patent infringement having to do with technology in cameras and digital picture frames. baltimorean new yorkers have escaped any huge blizzards. some analysts attribute mother nature's gentle touch to a boost in the economy, especially construction area. some workers are being hired. spring fever is causing some businesses to hire workers. a mixed close yesterday as stocks to recover from some steeper losses. we had a disappointing report on january retail sales. the airline trade group said more planes are coming in on time. the number of passengers bumped from flights is at an all-time low. i'm jane king reporting for wbal-tv 11 news. back to you. >> i like orange juice. tropicana orange juice going for more watered-down taste. >> not a good marketing strategy. this is a change not many people will be happy about. they want to water the juice down. i will

easier to build your furniture. jane king has the bloomberg business report. >> i just want a vacation. you those overdraft fees that banks charge. according to a research firm, banks charge customers about $30 billion in overdraft fees just last year. quarter sales for dell missed analyst estimates. we have futures this morning just kind of flat. we will see if we can close above 13,000 on the dow. we briefly traded above that level yesterday. a new sporting goods store opening in crofton this year with 2000 jobs to fill. you can check out the official site for dick's sporting goods. after a short point of cell phone use, people were less likely to get involved with volunteer work. it has to do with feelings of social connectedness. it reduces you wanted to engage in social behavior. i'm jane king for wbal-tv 11 news. >> ikea wants to make it easier to put furniture together. >> we put together all kinds of furniture because we just moved in january. some people do not bother with instructions and we still bother with those. ikea offering to help with instructional videos. >> i like i

the ravens are not in it -- job cuts for microsoft and american airlines. jane king has the bloomberg business report. good morning. >> hello. good morning. american airlines slashing 13,000 jobs. they are looking to boost revenue by $1 billion. the cuts are across the board and they do include management, pilots, and support staff. microsoft looking to eliminate a small percentage of marketing jobs. we will get the latest read on the weekly jobless claims. we get the monthly jobs report tomorrow. we did have a higher date for the markets yesterday. there was optimism that greece would get a financing deal in the next couple of days. facebook prepares to go public. this time is different. this is a new era of internet investing. i'm jane king reporting for wbal-tv 11 news. back to you. >> thank you. 5:22. we say farewell to the legend don cornelius. >> look at for that notorious sold train line. >> we will look back at the creator of "soul >> a baltimore man just want to wait groundbreaking surgery to save his life. >> is lisa robinson -- here is lisa robinson. >> he was dia

twitter. more l cost morvets transport their pets on certain airlines. jane king has the bloomberg business report. >> starting in march, some troops may have to pay more than $4,000 to transport their pets. we're waiting to see if the dow will hit the 13,000 level. stocks soared yesterday. the dow is sitting near four- year highs. the bloomberg maryland index on the rise. stronger demand with rain showers and overpass guys. it is boosting prices in the area including baltimore gas and electric. you wondered if fate celebrities facebook page is their own? ellis start verifying user accounts of celebrities to have those identities validated. making twitter a more powerful marketing tool to compete with facebook and google. i'm jane king for wbal-tv 11 news. >> bell they them -- validate them. we have some school delays to tell you about because of the fog. carol line and dorchester counters on a two-hour delays. >> the ravens are saying joe flacco is not going anywhere. keith mills will have more. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pul

front. right now high gas prices aside maybe a good time to buy a new car. >> jane king joins us live with that story and more. good morning jane. >>> good morning. we got the weekly jobless claims numbers they are still sitting at four year lows some concern about europe's economy because german business confidence is higher. sears shares are surging selling 11 store sites and separating outlet business and smaller format business. part of an effort to raise cash after reporting its largest quarterly loss in almost a decade. markets looking a little on the defensive. dow down 50 points low, s&p and nasdaq in the single digits. bloomberg index lower 3/4 of a percent. more pain in commuter manufacturing business, hewlett-packard sales plunging 15%, consumers held on buying new months or switched to apple and others. could be a great time to buy a car consumers are getting lowest interests rates in four years and fewer customers fall behind on payments which makes more investors willing to invest in the loans driving interest rates down. [ unintelligible ] live at the new york stock exc

kim, abc7 news. >>> investors are not giving the new greek bailout deal a thumbs up. >> jane king joins us live in the new york stock exchange with on that. welcome back, hi jane! >>> good morning. leaders have approved a second bailout for greece this package is huge, investors are not very impressed. the deal was very well ed ahead of time we knew this was going -- well telegraphed ahead of time. we knew this was going to happen friday the reaction may be baked in the cable. there's concern the massive debt restructuring won't be enough to save greece from default they have that big payment they have to make in march. the question is what happens after that we have gains, the dow is up 24 points. s&p and nasdaq in the green. we are taking an aim at 13,000 but have not made it at that level yet. you know this mild wind ter across much of u.s. is having a very positive -- positive impact on home depot biggest quarterly sales gain since 2004 shares up 2%. great prices at wal-mart pinching profits, retailer out with weaker than expected profit as they kept prices low to for -- extra pocke

retailers are trying to make sure people turn this leap year into an extra shopping day. >> jane king is live at the new york stock exchange with more. >> housing market still making us scratch our head a little. yesterday we got good news about stronger than expected home sales. today's data slamming the door on recovery any time soon home prices dropping more than -- lowest level since the housing crisis began hid 2006. numbers tell us house prices are back where they were in february 2003. bay area home prices down more than 5% compared to a year ago. more expensive your home the longer it takes to be foreclosed on according to a new analysis in the "wall street journal" people are able to remain longer in high incomes especially those with more nan a million dollars without making -- more than a million dollars without making payments. dow, s&p, nasdaq durable goods orders disappointing. those numbers coming out biggest drop in three years. bloomberg trading a slight bit higher. businesses hope you won't skip them over on leap year. zappos trying to attract more business customers wh

family is charged $10,000 for letting their kids watch netflix. >> here's jane king with the bloomberg business report. >>> imagine having to pay $10,000 for your kids to watch two kids streaming on to a laptop raked up that mitch in roming charges. the charges were lowered to $1,000. the era of falling food prices has come to an end as the world population is closing and more well consumers in developing economies are eating more meat with cattle prices at record high levels they may extent their gains trickling down to the fast food chains big time mcdonald's is the largest user of beef among . restaurants. -- among u.s. restaurants. all 50 states have been investigating bank foreclosure practices following illegal robo practices. wall street keeping a close eye on greece funding for the country takes center stage in discussions today. the labor market is in recovery mode 243,000 jobs created last month. still in the thick of cold and flu season. a survey reveals tim tebow is the quarterback of choice among americans looking to be nursed back to health. at the new york stock exchange

collector. >> here's jane king with the bloomberg business report. >>> good morning. if someone calls your house trying to collect a debt make sure it is legit before you offer to pay up. fake companies have been using workers in india to harass and trick people in the u.s. into paying millions they didn't owe if you are trying to lose weight you might be able to get help from your employer. weight watchers signed on american express and the new york stock exchange and corporate customers make up 12% of its north american meeting attendance more than a third of americans are considered obese. candy bar fundraisers and weekly bake sales may be a thing of the past after a big fight with the food industry over meals. federal regulators are considering new standards the rules maybe in the -- at the new york stock exchange i'm jane king with the bloomberg business report. >>> california's community colleges say they will have to drop more classes lay-off more staff and possibly drop summer school. the 149 million dollar deficit is relate today to a big drop in fees collected from stu

be looking up a little. >> jane king at the new york stock exchange with that. and another lawsuit over front-loading washers that more and more people have. >> yeah, really interesting general electric may be smelling a problem as people debate whether to stick with the top-loading washers or move toward the energy and water-saving front loaders law sought about moldy problems with the front loaders general electric sued claiming a design defect is making their clothes stink. it claims ge hid the need to run extra cycles of hot water with bleach to hide the smell and hid the cost for that additional work. we have a per than expected weekly jobs report. 367,000 people filing first time unemployment benefits, the number has been slowing, steadily improving in recent months. still worries over europe's debt problems. investors on the fence with little movement. bloomberg index is up a 10th of a percent. you know a facebook stock offering would make instant millionaires at many in the company this guy david cho decided to take stock instead of cash for painting the walls with graffiti

. >> jane king joins us live from the new york stock exchange. >> good morning. sell your house and get $35,000 from the bank for doing so? those are among the incentives as they encourage the struggling homeowners to unload their property for less than what they owe. banks will take less of a loss in a short sale rather than foreclosure and avoid the legal problems all of this as we wait to hear more on a settlement between states and the biggest lenders over alleged faulty foreclosure practices. california is one of nine states refusing to sign on to that multi-billion dollar deal for now. in a few minutes ben bernanke will start testifying on the outlook. the markets light volume this was the case yesterday and today. dow down 45 points. bloomberg index trading a slight bit lower. i'm jane king. >>> 6:50. >>> tahoe ski resorts say they are getting a bum rap and ski conditions are better than people think. the resorts are churning out a lot of manmade snow they said last month's storm increased the snow base. a few skiers say they like the less crowded conditions. many resources won't

new hotel chain will help keep you untracked. jane king has the bloomberg business report. >> good morning. do you tend to slack off on your fitness routine when you're on the road? a new concept next year to help you out. a brand that will have hypoallergenic sheets and spacious rooms to work out an healthier food options. you may see eight weight bench at the foot of the bed -- you may see a weight bench at the foot of the bed. stock closing above the key 13,000 level for the first time since 2008. the dow is on track for as long as rally since april. the bloomberg maryland index rising with some help from jos. a. bank. heirs of apple rallying -- shares of apple rallying. a big product launch next week. official invitations were sent out that said we have something you have to see. anticipation is building for what apple has in store. i'm jane king. >> are you ok, carlotta? 40 degrees on tv hill. >> serra called la the latest on the accidents and delays that could slow down your morning commute -- sarah will have the latest. >> the terps will play down at chapel hill. and usual o

-- >>> new prescription diet drug is closer to getting on the market. here's jane king. >>> good morning. first new weight also pill in years closer to getting approved a panel has ruled it outweighs risks appetite suppressant combined with anti-seizure and migraine drugs the fda looking at side effects. you may see a do not track button and web browsers, google has agreed to support that on other consumer privacy initiatives. white house calling on congress to pass a consumer internet bill of rights. in europe and asia, weighing on stocks yesterday, today we did get a report on weekly jobless claims. jeremy lin on the offensive over lin-sanity putting in for his own patent on the word. his lawyer says they are prepared to enforce his rights and possibly put the name on bags, cups, toys and beverages. i'm jane king with the bloomberg business report. >>> apple holds its annual share holder's meeting later this morning the first since the death of co-founder steve jobs. it comes when apple's stock is riding high, share prices broke the $500 barrier this month it comes when there's increas

bank. >> here's jane king. >>> more gate rates sitting near record lows good luck trying to take advantage of them. bank of america's automated answering system is asking people who call during high volume times if they would like to be contacted again in 60 to 90 days after president obama encouraged people to refinance under a government program to help struggling homeowners. student loan debt could be the next debt bomb half of bankruptcy attorneys say the number of potential client with student loan debt is significantly increasing almost a trillion in education loans. move over starbucks how about inhaling your caffeine in a powder form from a lipstick-sized tube? now on sale in new york and boston for three bucks a pop, 100 milligrams of caffeine the same as a large couple of coffee. senator schumer calls it a club dug and says it may be dangerous for teens. at the new york stock exchange -- i'm jane king with the bloomberg business report. >>> university california berkeley spending $1300 to make sure its good name is not associated with the pornography industry joining un

. the unemployment rate dropped for the fifth consecutive month to 8.3%. >> here's jane king. >> iphone 5 may be coming soon. the chinese-language paper reports it will have a glass touch panel the paper sighting an analyst says the iphone 5 will debut at the developers conference in june. just got the numbers from the january jobs report from the labor department. really an eye-popping report. 243,000 jobs according to the labor department, added in the u.s. economy. that was way more than what economists expected. they thought the up in was going to be 140,000. about 100,000 more than what was expected unemployment rate dropped to 8.3%. where is the best place to look for a job? try myrtle beach, south carolina, utah, arkansas. those cities with phoenix and a bunch of florida, texas, north carolina and ohio cities will have the fastest job growth this year all but three of the nation's 363 metro areas will see job growth this year. [ unintelligible ] gap the surprise gainer after they came out with better span expected earnings forecast. i'm jane king. >>> new information is surfacing

stepping up hiring. >> jane king has that and why retailers are seeing a bright future in neon in our bloomberg business report. >> neon may be the new black nordstrom and others unveiling bright neon clothes, handbags and shoes an effort to break black's 30-year-old on the industry. -- hold on the industry. latin american cultures starting to influence u.s. tastes. another lap around the block for negotiators in that massive mortgage settlement. states are being given three more days to sign on to a proposed settlement with the big banks, connecticut and oregon among the states agreeing to sign on to the potential 25 billion dollar deal. national retail federation says consumers will spend almost 9% more on valentines this year than last with men ready to spend more than women. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> 5:55. >> new video of a rescue at a ski resort in wisconsin. a little boy was dangling from a ski lift 25 feet off the ground. a group formed under the boy then a man on the lift held him and then let go >> i was 100 yards aw

better. >> here's jane king with the bloomberg business report. >>> get ready for a big wave of for closures. massive mortgage settlement between banks and state announced yesterday is going to trigger a jump in for closures because banks will unleash inventory on the market after holding back because of legal problems. we when you think wireless entertainment device you probably don't think google. filing indicates google is developing an entertain date device that will hughes home networks. -- that will use home networks. guys don't get your hopes up for valentine's day women plan to spend 14% less this valentine's day. men plan to spend 6% more. the biggest spenders this year will be in the midwest. from the new york stock exchange i'm jane king. >>> the marine corps is again doing damage control after a photograph surfaced of a sniper team posing in front of a flag with the logo resembling a nazi symbol i with was taken in 2010 while the camp pendleton marines were stationed in afghanistan they used the letters ss to rep the words scout snooper the name of their team. >> command

. >> jane king is live at the new york stock exchange with more on that. the market opening down this morning with >> yeah, they are. more worries about greece we'll talk about that in a second. google in the process of testing a wireless entertainment device that will reline lion home internet systems. -- that will rely on home internet systems. google makes a big push into consumer electronics. it is getting to be familiar people lining up for the next apple product it may happen again soon apple unveiling the ipad 3 the first week in march. expected to look similar to the ipad 2 but faster chip and improved graphics apple shares new record high yesterday market cap measured by total value of is shares now worth more than google and microsoft combined. so far this morning they are up despite the market being down almost $500. another delay in greece getting a rescue package making some skittish here they have a big payment they have to make in march. the markets are on the defensive today. bloomberg index is trading down also. live at the new york stock exchange i'm jane king. >>> h

contamination levels. >>> it appears wall street happy with the new january jobs report. >> jane king joins us live with more on the new numbers. [ unintelligible ] >> reporter: this was a stunner. even kind of taking apart this jobs report, good news through and through. we are looking at the lowest unemployment in almost three years the unemployment rate fell to 8.3% in january. economist calling it major turn around but warns workers are still going to find it difficult to repurpose themselves and find other work. the economy created 243,000 jobs in january, way more than expected. all this has investors speculating it may not keep interest rates low as they indicated they said until 2014. we are higher maybe a little muted -- [ unintelligible ] strong gains across the bore. bloomberg index up a little more -- than half a percent. -- [ unintelligible ] . blackstone group the world's largest private equity group considering a leverage buy-out. you remember dell took a pass on the opportunity to buy brocade and -- [ unintelligible ] most of facebook's more than 800 million users are women.

all bad. >> bloomberg reporter jane king joins us live from the new york stock exchange. better news on-the-jobs' front? >> yeah, the jobs news continues to steadily get better that in a second, foreclosures something we've been watching carefully, filings nationwide down almost 20% in january compared to a year ago. 3% pick-up in foreclosure activity come paired to december. in california the total number of -- foreclosure findings fell from more than 67,000 in january a year ago to 52,000 last month. stronger than expected housing starts last month. coming -- thaw coming -- [ unintelligible ] general motors out with its largest annual profit in its 103 year history, a couple of years after the government bailed out the company. problems in europe hurting profits. here's how we look, dow is up about 334 points better -- about 33 points, weekly jobless claims continues to fall. bloomberg index is down 4/of a percent. i'm jane king, bloomberg news. >>> still waiting for that jeremy lin jersey you promised. >> you realize there is no cure for lin-sanity, you get it and keep it and it c

settlement -- remember that historic homeowner settlement? doubts are being raised already. >> jane king joining us to tell us more. >>> good morning. you know the foreclosure settlement, lots of hoopla surgeoning that last week. as stays try to figure out now spend their share of the -- as states try figure out how to spend their share, california is supposed to get 12 billion the information is supposed to be posted on national foreclosure settlement.com you go to that website no deal posted it just says coming soon. the justice department says the terms will not be made public until the deal is submitted to a court. north carolina's ag says once the documents are finalized they will be posted to that web greece big scene markets moving depending on what is going on in greece. politicians there approved a budget cutbackpack damage could pave the way for another big bail pout for that country. dow right now, up 52, we've we are still in the green. bloomberg index up 1%. apple suppliers in china the once-over by the fair labor association. starting today a team of labor rights period of times ar

of people didn't like that. here's jane king with the bloomberg business report. >>> read my lips you may be eating lead because of your make-up, fda says 400 types of the lipstick contain trace amounts of lead. the worst offender pink pedal, lead can lead to any damage and reduce i.q.. sony apologizing for hiking prices on two whitney houston albums on itunes the day after the singer's tragic death. sony calls the hikes a mistake. sony lowered prices back down at the end of the weekend. >> pepsico has a new strategy, add water focusing on marketing products with lower juice content. consumers add water to their oj any way so they say why not add it for them and charge for it. i'm jane king. >>> things may be looking up for california's battered economy. standard & poor's has bumped the state's credit rating up a notch. forecast to be released today saying the state is poised to add nearly half a million new jobs over the next two years. >>> this morning the white house is expected to announce a new program aimed at helping military spouses find jobs. the spouses of service member

rising between american airlines and its pilots' union. >> here's jane king with the bloomberg business report. >>> good morning. american airlines facing a big lawsuit by its pilots' union claiming the airlines shouldn't be able to reject its old labor agreement and enforce new terms. america's parent has been using its bankruptcy to get the unions to accept a new deal. goldman sachs, chase and wells fargo getting warned by federal regulators they may face civil charges. meantime the dow yesterday closing above 13,000 for the first time since may 2008. apple shares soaring to an all-time high after announcing a march 7th, product event it is expected to unveil the i pad 3. the new ipad will have a high-definition display faster processor. at the new york stock exchange, i'm jane king i am >>> 5 -- 5:55. for the next 45 days no new payday lenders will be able to set up, relocate or expand in santa clara county the board voted yesterday to impose a 45 day moratorium on payday lenders and check cashing business in the unincorporated areas of the county critics say the businesses