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  • Navy Petty Officer Spotlight

    fontanillaPetty Officer 2nd Class Shawn Fontanilla, a cryptologic technician from Bremerton, Wash. and 2004 graduate of Olympic High School, is serving in the U.S. Navy aboard USS Somerset (LPD 25), one of the world's most modern, networked, survivable, and transformational warships.

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  • Washington Ferries Getting Back On Schedule

    ferry tacomaWith a leak in its stern freshly patched at a Vancouver, British Columbia, dry dock, the Washington state ferry Wenatchee returned to service Friday on the Edmonds-Kingston route. Washington State Ferries says that allows the Chelan to return to a… Read More +

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  • Seahawks Make Roster Moves Aug. 1

    seahawksRenton, Wash. - The Seattle Seahawks have placed tight end Anthony McCoy and defensive tackle Jesse Williams on injured reserve, released wide receiver Randall Carroll and signed linebacker Marcus Dowtin and wide receiver Ronald Johnson, the team announced this morning. Dowtin originally signed as an undrafted free agent by the New York Jets after the 2012 NFL Draft.

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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.

Copyright 2014 ABC News Radio

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