Gunman who took 3 hostages at Discovery Channel killed
A man obsessed with Discovery Channel’s environmental programming stormed the headquarters in Silver Spring Maryland on Wednesday taking three people hostage with an explosive device. Police shot him dead after a four hour standoff as they disarmed the device and searched the building for other explosives. The hostages were unharmed while authorities questioned whether two boxes and two backpacks contained more devices. Names given by NBC News and court records point to James J. Lee as the suspect, though police had not released his identity by nightfall. The incident ended with the building secured and staff evacuated. a prior probe notes Lee’s 2008 protest outside Discovery offices and prior probation violations. Discovery Communications operates networks including The Discovery Channel TLC and Animal Planet.
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Apple reveals $99 TV box for renting movies and shows
Apple introduced a smaller cheaper Apple TV device that streams rented films and TV programs from Apple TV plus Netflix Flickr YouTube and more. Paste magazine ends print edition after over a year of financial struggle leaving its website active while 200000 subscribers lose print copies.
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U.S and Global Manufacturing Rise Boosts Economic Outlook
Manufacturing in the United States and abroad expanded for August, lifting Wall Street as the Dow rose 253 points. The ISM index climbed to 56.3, its highest since 2009, reflecting stronger domestic output and demand for exports. Analysts cite China India and Brazil as key growth engines for U.S. exports and recovery.
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Brian Bethune
IHS Global Insight
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Markets End Week Mixed As Dow Drops Near Highs
Wednesday's trading showed the Dow Jones Industrial Average at 10,269.47 down 254.75, the Nasdaq at 2,176.84 slipping 62.81, and the S&P 500 at 1,080.29 down 30.96. Commodities rose and fell with Corn up 0.75 as $4.47, Soybeans down 0.045 to $10.06, Wheat up 0.245 to $7.12, and Oil advancing to $73.91 a barrel. The 30 Year Treasury yield was 3.66%.
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