Mid-Morning news briefs for Wednesday - KNOE 8 News; KNOE-TV; KNOE.com |

Mid-Morning news briefs for Wednesday

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MIDLAND CITY, Al., (KNOE 8 News) - For nearly a week, he'd been held in an underground bunker by a man who shot and killed a school bus driver -- but today, a five-year-old Alabama boy is back with his family and playing with his toy dinosaur. Authorities aren't providing many details about just how they made the decision to rush the bunker yesterday, freeing the kindergartner and killing his armed captor.

WASHINGTON, D.C., (KNOE 8 News) - A Justice Department document says it is legal for the government to kill U.S. citizens abroad if it believes they are senior al-Qaida leaders continually engaged in operations aimed at killing Americans. The confidential memo, first reported Monday night by NBC News, provides a legal rationale behind the Obama administration's use of drone strikes against al-Qaida suspects. The 16-page document says that delaying action against individuals continually planning to kill Americans would create an unacceptably high risk.

WASHINGTON, D.C., (KNOE 8 News) - After a surge at the end of last year, gun sales may have leveled off. The number of federal background checks for firearm sales declined in January after reaching a 12-month peak in December. Still, the number of January background checks is still greater than in any other month last year. The surge in December came as Washington started to consider new gun control measures.

NEW YORK, NY., (KNOE 8 News) - Stocks are turning higher in early trading on Wall Street following a spike in home prices and strong earnings reports from Kellogg and other U.S. companies. The upturn comes a day after the stock market had its worst day of the year. Before the market opened, a real estate data provider reported that home prices jumped by the most in six and a half years in December, thanks to a low supply of available homes and rising demand.

 

ROUND ROCK, Texas (AP) - Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft. It's the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this. The complex agreement announced today will end Dell's nearly 25-year history as a publicly traded company. The deal reflects Dell's desire to engineer a turnaround attempt away from the glare and financial pressures of Wall Street.

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