Ben bernanke will be overseas. Taking us overseas to the investigation of what brought down a russian charter jet and now its looking like a bomb may have been the cause. We have the details on that story in just a bit but before that well go over to michelle with a round up of the days top business headlines. Thank you. Expedia is buying home away for 3. 9 billion in cash and stock. This is the largest acquisition and come ace year after they bought orbitz. It values the socalled alternative lodging market at 100 billion and the home away deal will help it directly compete with airbnb. The chairman will join us first on cnbc 8 30 a. M. Eastern time to talk about the deal. The fed vice chairman says the central bank may be closer than thought to the inflation target. The 2 target may be hit once oil prices stabilize and the dollar starts rising. When is that going to be . Kraft heinz is stepping up its cost cuts. Announcing plans to close 7 factories and lay off 2600 employees in north
Which goes to show you it can happen anywhere. Co ntinue vo per protocol, the two officers involved in the shooting are now on paid administrative leave. Iowa dci is looking into the incident. Forrest at last check, police hadnt charged the two others in the vehicle. Authorities said theyll release their names and the names of the officers involved once everyone has been interviewed. In cedar rapids, forrest saunders, kcrgtv9 news. This is the second shooting by police in cedar rapids this year. In march, officers shot and wounded kyle orth when they say he was backing a car toward them after a short chase. Orth said he didnt know the officers had gotten out of their car and were walking toward him. The linn county attorney cleared the officers and charged orth with assault on a peace officer, interference with official acts, drunken driving, and eluding. Police chief wayne jerman says he supports officers using force in these situations. We are seeing an increase in violence all aroun
Was not well thought out but others who acknowledge that this is evolving. The district calls it a balance between transparency but also not alarming families needlessly. Live in iowa city, chris earl, kcrgtv9. Police killed a 21 yearold man in a shoot out after investigators say he ran away during a traffic stop in cedar rapids. Police say 21 yearold Jonathan Gossman was one of three people in a vehicle officers stopped last night near 32 hundred ravenwood terrace northwest. The stop was part of a drug investigation at a nearby store. Police say after all three people were out of the vehicle, gossman suddenly ran away. In the short chase, officers say gossman pulled out a gun and fired at two officers. They fired back and killed gossman. Police are questioning the two other people in the vehicle. People who live in the area or take their children to daycare in the area say this neighborhood is usually pretty safe. Nothings ever happened ever, is a quiet neighborhood. Nothing happens.
Its going to get a little bumpy as we head through this weekend. The winds not as strong as its been. The one time it canceled us for weather back in 96 with winds at 40 miles per hour. It will be certainly chilly and a little bumpy out on that dirty water. Take a look at whats going on in the main weather headlines. Well monitor changes headed our way for the weekend. Weve got the colder air continuing to spill in, which means the end of the growing season. Its been a while for most areas. Weve got the best out of our gardens that we could. The wide killing freeze will start on sunday morning, but then the coldest will be on monday morning when everyones back into the 20s. We will start to moderate next week. The freeze watch is out for saturday night into sunday morning. Its that first really cold night with temperatures 26 to 32 with the areas in blue. The growing season has been deemed over in those spots. Well have a full look at the weekend, a couple of showers to dodge and chang
That is where the mother works. Reporter this is the showroom square showcase here. And for most of the afternoon, this has been a very active crime scene. Investigators tell us they received several 911 calls indicating that someone had been shot inside the salon and spa. It is one of the 10 businesses or so that face the ireland roadside of this strip mall. Police were able to respond quickly. They found victim when they got here. She is an employee who work inside the spa. While police were supplying first aid to the victim who had been shot in the case, the suspect returned to the scene and authorities tell us he is the victims son. We dont know the reason. We dont know the motive at this point. But we do have the individual would we believe committed the crime in custody. Also believe we have the well on that was used to commit the crime. Reporter now, shortly after chief medlock made those comments ache tow truck entered the lot and pulled off with the car. The weapon was a happe