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Shelton, WA

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  • Flood Warning Extends Through Thursday Morning

    skok floodThe flood warning continues for the Skokomish River near Potlatch affecting Mason County, Olympic Peninsula Region. While showers will continue over the south slopes of the Olympics, heavy rain has come to an end. The three to five inches of… Read More +

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  • Olympia Hospital Must Start Paying Business Tax

    Prov-St.Peter-Hospital-OlympiaProvidence St. Peter Hospital in Olympia will have to start paying a city business tax that will cost it an estimated $340,000 next year. The City Council voted Tuesday to remove the business and occupation tax exemption for religious and medical… Read More +

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  • Seahawks Roster Moves

    brackettThe Seattle Seahawks have claimed TE Brett Brackett off waivers from the Tennessee Titans and released TE RaShaun Allen, the team announced this afternoon.
    Brackett was originally signed as an undrafted free agent by the Miami Dolphins on July 28, 2011. He spent time on the Miami, Jacksonville and Philadelphia practice squads during 2011.

    Read More
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Fed Sparks Broad Losses on Wall Street

b_250_0_16777215_00_images_obgrabber_2014-01_a9a1cad704.jpgiStock/Thinkstock (NEW YORK) -- When the head of the Federal Reserve speaks, the markets listen. Stocks tanked on what they heard from the Central Bank this time. The Dow Jones Industrial Average closed down 190 points Monday, after trading down by more than 200 points. The blue chips index finished the session at 15,738.79. The Nasdaq Composite gave up 47 points to close at 4,051.43. The S&P 500 lost 18 points for the session, ending at 1,774.20.

The Central Bank has decided to continue to taper its economic stimulus programs by an additional $10 billion dollars as the economy continues to improve.  The bond-buying had helped push stocks to record levels last year.

It was Ben Bernanke's last official act as Fed chairman.  Janet Yellen will take over as chairwoman on Saturday.

Shares of Facebook are up close to 7 percent in after-hours trading after reporting better-than-expected earnings.
 
In 2013, the social network earned $7.87 billion, an increase of 55 percent year-over-year. Net income for the year was $1.50 billion. The company reported that for December 2013, an average of 757 million daily active users (DAUs) logged on to Facebook, an increase of 22 percent year-over-year. Mobile DAUs were 556 million on average for December 2013, an increase of 49 percent year-over-year. Mobile MAUs were 945 million as of December 31, 2013, an increase of 39 percent year-over-year.

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