NEW: Lenders took back fewer US homes in October
LOS ANGELES (AP) — Fewer U.S. homes are ending up repossessed by banks because investors are increasingly buying up properties when they go on sale at public auction.
The foreclosure listing firm RealtyTrac says the number of homes taken back by lenders in October slipped 1 percent from a month earlier and declined 29 percent from October last year.
Homes scheduled for public auction rose 10 percent last month from September and 7 percent from October last year in states where courts must sign off on foreclosures.
Meanwhile, the number of homes that got started on the foreclosure path in October rose 2 percent from the previous month, but fell 34 percent from a year earlier.
Foreclosures peaked in 2010 at 1.05 million and have been declining ever since.
UPDATE: Share of young US adults who move hits 50-year low
WASHINGTON (AP) — Young adults looking for that first good-paying job are continuing to feel the effects of a weak job market in the U.S.
Census figures show that when looking at the last 50 years, a record number of 20-somethings are deciding not to relocate for a job, but are staying in their communities — either living with roommates or with parents.
And college grads also are affected. They're either burdened with college debt or toiling in low-wage jobs, and many are delaying careers, marriage and having children.
Small business owners see glass as half-full
NEW YORK (AP) — Many small business owners are saying they're ready to hire.
That's the finding of a survey released by Bank of America. Thirty-one percent of the survey's participants said they plan to hire during the next year. They include many owners who are optimistic about their business in the next 12 months. More than half said they want to hire workers to handle an increase in sales.
The greatest obstacles to success that owners see are health care costs, cited by 77 percent, and the effectiveness of government leaders, cited by 76 percent. The survey questioned 1,000 owners from mid-September to early October, including the start of the 16-day government shutdown.
Despite concerns about health care law, 56 percent of owners said the law's implementation wouldn't affect their hiring plans.
Typhoon-struck Philippine city begins mass burial
TACLOBAN, Philippines (AP) — The city worst hit by a typhoon in the central Philippines has begun burying its dead.
A ceremony took place today in a graveyard outside the city of Tacloban (tahk-LOH'-bahn), and 30 of the dead were buried in a mass grave.
Mayor Alfred Romualdez says, "I hope this is the last time I see something like this." Authorities put the latest death toll from last Friday's storm at 2,357 people.
International aid tricking in
TACLOBAN, Philippines (AP) — Soldiers have been distributing rice and water, and teams have been cutting debris from blocked roads in areas in the central Philippines hardest hit by the typhoon.
Even the first nighttime flights since the typhoon struck have been bringing supplies in to Tacloban's airport, the city hardest hit.
Food, water and medical supplies have arrived from the U.S., Malaysia and Singapore. Still, thousands of storm victims are swarming the airport, desperate to leave.
BRIDGE SHOOTING-NEW ORLEANS
Man, boy die after shooting on New Orleans bridge
NEW ORLEANS (AP) — Police in New Orleans say a man and a 7-month-old boy have been shot and killed in an apparent ambush.
Police tell the Times-Picayune that the shooting happened last night while the man was driving on the Crescent City Connection bridge.
The man was dead at the scene. The boy died at a local hospital.
Coroner begins process of identifying bones of 4 in Mojave graves
VICTORVILLE, Calif. (AP) — Medical examiners today will begin the possibly long process of trying to determine the identities of the remains of four people found in two shallow graves in Southern California's Mojave Desert.
Wednesday's discovery wrapped up a three-day excavation in barren scrubland on the outskirts of Victorville.
Local authorities say it appears the remains had been buried for some time, and they can't tell the victims' ages or gender.
UPDATE: Ohio delays inmate's execution over organ issue
COLUMBUS, Ohio (AP) — Ohio's governor has delayed today's scheduled execution of a convicted killer who wants to donate his heart and a kidney to his ailing mother and sister.
Gov. John Kasich (KAY'-sik) says he wants medical experts to study whether 40-year-old Ronald Phillips could donate non-vital organs before being put to death.
Phillips was convicted of raping and killing a 3-year-old girl in 1993. His execution date has been rescheduled for July 2.
NAVY VETS-SCAM CHARGES
NEW: Ohio verdict coming in $100M charity fraud trial
CLEVELAND (AP) — A jury in Cleveland will announce its verdict later this morning in the trial of a man charged with orchestrating a $100 million, cross-country Navy veterans charity fraud.
The man on trial says he's 67-year-old Bobby Thompson, but the prosecution says his real name is John Donald Cody, a 66-year-old Harvard-trained attorney.
He's charged with looting the United States Navy Veterans Association, which he ran from Tampa, Fla.
Bangladesh garment factories reopen after clashes
DHAKA, Bangladesh (AP) — More than 200 Bangladesh garment factories have reopened after the country's prime minister stepped into resolve clashes over minimum wages.
The factories in an industrial belt outside the capital opened today after owners who met with Prime Minister Sheikh Hasina agreed to a 77 percent increase in the minimum wage to $66 a month for new unskilled garment workers.
A government-appointed panel voted last week to raise the minimum wage, which is still the world's lowest. But owners refused to endorse it.
Workers clashed with police over the past four days, shutting the factories that supply clothing to global brands.
Atiqul Islam, an industry leader, says he hopes tension over wages will end.
Bangladesh is the world's second largest garment producer.
Boeing machinists reject contract proposal
SEATTLE (AP) — Boeing machinists in the Northwest have rejected a contentious contract proposal that would have exchanged concessions for decades of secure jobs.
The International Association of Machinists District 751 says the proposal was rejected by 67 percent of the votes.
Some union members had called for a no vote, protesting Boeing Co.'s push to end a traditional pension plan and increase their health care costs. Workers would have received a $10,000 signing bonus if they approved the deal.
Boeing had proposed the eight-year contract extension, saying it needs the deal to assemble the new 777X in Washington state. With the threat of those jobs going to another state, lawmakers rushed to approve $8.7 billion in tax breaks last week.
TOURISTS NEXT DOOR
UPDATE: Hawaii town to state: Stop sending tourists here
KAILUA, Hawaii (AP) — Come to Kailua, Hawaii, but please, don't spend the night.
That's what some residents of the coastal town are saying. The neighborhood board is asking a state tourism agency to stop encouraging visitors to stay overnight in Kailua.
The board is upset over a thriving industry of bed-and-breakfast and vacation rentals that sometimes operate without permits.
Defenders say such lodging supports the economy and provides jobs.
Created: Thu, 14 Nov 2013 04:18:10 EST
Updated: Thu, 14 Nov 2013 04:18:10 EST