KDPS confirms fatal shooting in Kalamazoo   Kalamazoo Public Safety Chief Jeff Hadley confirms male in his 20's was shot and killed at Wayside West on Stadium Drive.

BREAKING NEWS

FLOOD WARNINGS CONTINUE

Flood Warning & Areal Flood Warnings

The National Weather Service in Grand Rapids maintains a FLOOD WARNING for the Muskegon river at Croton Dam indefinitely.  While the river is falling, the latest measurement of 12.4' is still more than 3' above flood stage, which is 9.0'.  

AREAL FLOOD WARNINGS remain for Muskegon, Oceana, Newaygo, Mecosta, and Montcalm counties for county and backroads that are under water.  Driving will be dangerous in some cases.  These warnings expire tonight.   

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Small plane crash in Utah

Updated: Saturday, August 3 2013, 12:26 AM EDT
Small plane crash in Utah story image

A passenger on a small plane that crash landed in a Cache County field on Saturday afternoon captured the whole ordeal on his cell phone, from the moment the plane begins to fail to minutes after the crash.
 
Jonathan and Kara Fielding are on a recreational flight for Kara's birthday. Seated beside his mother-in-law, Jonathan is holding their seven-month-old baby boy as their family friend and pilot Lynn Goodsell flies his single-engine Cessna 175.
 
“We are just over the top of the overpass,” Jonathan says, narrating the video, as the plane clears the Wellsville Mountains. “We are told that there’s carburetor ice, so this is kind of exciting. I’m not worried. I think we’re going to be just fine.”
 
Goodsell turns on the carburetor heater but the engine shuts down. He begins reviewing his emergency checklist and searches for an impromptu landing spot below.
 
"Just got a prayer in our heart. I think we’re gonna be just fine," Jonathan says.

All five remain calm as the plane hovers over a Wellsville neighborhood.

"We’re going to land in a field, right here,” Jonathan says calmly, just before the plane touches down in a field of snow, only to flip upside down.

The phone flies from Jonathan's hands but continues to record the crash.

"Is everybody okay?" Goodsell asks.

"Oh man... Oh wow... Oh my gosh," the passengers say quietly hanging upside in their seats.

The baby is heard crying for a few seconds. They unbuckle their seatbelts and climb out uninjured.

Goodsell's totaled plane lies in an otherwise serene field of snow.

"I’m really sorry about your plane. Are you okay?" Jonathan says to Goodsell.

Jonathan then asks his wife if she will ever fly again, laughing nervously. She answers yes.

"I knew that we’d be fine," Jonathan says, "I just, I didn’t expect that."

Jonathan later said he fully expected a smooth landing and he never would have pulled out his phone and recorded the crash if he had known the landing would've been so rough.

The FAA and NTSB are investigating the crash.

Small plane crash in Utah
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Last Update on April 17, 2014 07:32 GMT

WORLD MARKETS

HONG KONG (AP) -- Asian stock markets were mostly lower today, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally.

Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank governor left investors unimpressed.

Other regional benchmarks were unable to find direction in spite of optimism in the U.S., where major benchmarks closed at least 1 percent higher, and Federal Reserve Chair Janet Yellen said the central bank would continue to provide stimulus for the job market.

Trading in some markets such as Hong Kong and Australia was subdued ahead of a long weekend.

Benchmark crude oil rose above $104 a barrel.

The dollar slipped against the euro and the yen.

ECONOMY-THE DAY AHEAD

Major business and economic reports scheduled today

WASHINGTON -- Investors today will be taking a close look at the government's weekly jobless claims report.

Also due out is Freddie Mac's weekly mortgage rate report.

There are a slew of companies set to report their quarterly financial results today. All results will be released before the bell.

Among the major companies reporting are industrial giants DuPont and General Electric.

Two big investment banks, Goldman Sachs; and Morgan Stanley, will report earnings.

Also set to release quarterly results today are PepsiCo, Philip Morris International, Union Pacific, Mattel, UnitedHealth and Chipotle Mexican Grill.

FAST TRADING-SUBPOENAS

ALBANY, N.Y. (AP) -- An official familiar with the investigation says the New York Attorney General's Office has issued subpoenas to six firms and sent a letter to another for details about split-second stock trading and any unfair advantages.

The official tells The Associated Press the subpoenas went last week to trading firms including Chicago-based Jump Trading LLC and Chopper Trading LLC and Tower Research Capital in New York. The official spoke on condition of anonymity because he wasn't authorized to publicly discuss the subpoenas.

Attorney General Eric Schneiderman has said advantages in computer hardware and placement enable some traders to get millisecond timing advances on trades.

His office, with New York authority to investigate securities fraud, is seeking details about trading strategies and special arrangements with trading venues.

DISNEY-SECURITIES FRAUD

LOS ANGELES (AP) -- A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009.

According to the deal filed in Los Angeles federal court Wednesday, Toby Scammell learned from his then-girlfriend, a Disney corporate strategy employee, that Disney would acquire a well-known company she didn't name.

Scammell learned from his consulting company that Disney had previously wanted to acquire Marvel. He bought call options in Marvel stock for around $5,500, and later sold them for $192,000 in profit.

Last month, Scammell agreed to settle a parallel civil case and pay $801,000 to the Securities and Exchange Commission, which will be credited to his fine in the criminal case. He also faces prison time.

VOLKSWAGEN-UNION

WASHINGTON (AP) -- The fight over whether workers at a Volkswagen plant in Tennessee can unionize is moving to Washington.

Two House Democrats said Wednesday they will investigate whether Republicans in that state may have violated "or otherwise run afoul" of any federal laws ahead of a February vote in which workers narrowly opted against joining the United Auto Workers.

Congressmen George Miller of California and John Tierney of Massachusetts say they want to know if any Tennessee Republicans attached any inappropriate strings to the state's $300 million incentive package to get VW to expand the Chattanooga plant.

The union claims the election was tainted by Republicans including U.S. Sen. Bob Corker.

Corker and others have denied doing anything inappropriate.

A hearing on the UAW's complaint is set for Monday in Chattanooga.

YAHOO SEVERANCE

SAN FRANCISCO (AP) -- Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

The disclosure in a regulatory filing may lead to more second-guessing of Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012.

Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth. De Castro had been in charge of ad sales.

Yahoo Inc. previously disclosed de Castro would be getting a severance package, but didn't reveal the amount until Wednesday.

The company's board said most of the severance stemmed from the costs of luring de Castro from his previous job at Google Inc.

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