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The Sinclair Broadcast Group acquisition of Tribune Media is dead.Tribune said in a statement Thursday that it has terminated its merger agreement with Sinclair, scuttling a .9 billion deal that would have given the broadcasting group an even broader reach into American living rooms.The breakup of the deal is a stinging defeat for Sinclair, owner of dozens of local television stations. Sinclair has been scrutinized for its ties to the Trump administration.Tribune had been expected to walk away after the deal came under scrutiny from US regulators. The FCC in July referred the merger to an administrative judge hearing, and called into question whether some of Sinclair's proposed divestments were a "sham."Tribune said it will sue Sinclair for breach of contract, arguing Sinclair's negotiations with the US Justice Department and FCC were "unnecessarily aggressive. Sinclair also refused to sell certain stations that would have helped the deal secure regulatory approval, Tribune claims."Our merger cannot be completed within an acceptable timeframe, if ever," said Tribune CEO Peter Kern in a statement.Analysts expect Tribune to seek another buyer.Sinclair did not immediately respond to a request for comment sent outside business hours. 1259

The stock market is on the comeback trail.After another wobbly session, the Dow soared 287 points, or 1.2%, on Friday. It was the index's best day since August.The Dow had soared 400 points at the open before giving up most of those gains and then resuming its rally. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 jumped 1.4% on Friday. The Nasdaq, which has taken the brunt of the recent stock market turbulence, spiked 2.3%.Despite Friday's rebound, all three major indexes suffered their worst weeks since March. And the S&P 500 is down three straight weeks. That hasn't happened since the Brexit referendum of June 2016.Investing experts weren't exactly sure what turned stocks negative by midday. The driving forces behind this week's downturn -- trade war and interest rate fears -- were around before this week, and yet market volatility is spiking."The sellers have control right now," said Justin Walters, co-founder of Bespoke Investment Group. "The scariest sell-offs are the ones you can't tie to a specific reason."Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits."What we are seeing now is changing sands. The ground isn't stable and people are figuring out where to go next," said JJ Kinahan, chief market strategist with TD Ameritrade.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday regained some of its losses. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) were all up.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Markets had bounced back Friday morning following news that President Donald Trump plans to meet next month with Chinese leader Xi Jinping at the G-20 summit. That eased some of the investors' fears about another trade war escalation. China also reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summer.But Kinahan is still worried about US-China trade talks. He thinks that a deal is key in order for the markets to get back on track, adding that a full-blown trade war could undo much of the positives from the Trump administration's pro-business policies."The concern is that if nobody blinks, it could negate all the tax cuts we had," he said.Earnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected the financial sector to post another incredibly profitable quarter — and JPMorgan managed to?beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Rebounds after disastrous market selloffs are common. Investors who think the market may be oversold look to buy stocks they think are suddenly cheap.But markets are fickle. 3804

The remains of Spc. Vanessa Guillen were found near the Leon River in Texas, bringing an end to the search for the Fort Hood soldier. The attorney for the Guillen family said last week that the family believed the human remains found Tuesday were those of Guillen but a positive identification was pending."The Army has identified the remains of missing Fort Hood soldier Vanessa Guillen," her family's lawyer said in a statement to ABC News on Sunday evening.On Monday, the Army Criminal Investigative Team confirmed the remains were of Guillen's. “I know I can speak for everyone involved in this tragic situation that we are truly heartbroken for the family, friends and fellow Soldiers of Spc. Guillen,” said Brigadier General Duane Miller, the acting commanding general of the U.S. Army Criminal Investigation Command. “There are no words that can express the sorrow and loss that the family has endured, but we hope in some very small way, the collective efforts of everyone involved in finding Vanessa and working to bring those responsible to justice will help bring some degree of closure to the family who has had to endure this painful and senseless loss.”The two suspects in her disappearance are Spc. Aaron Robinson and Cecily Anne Aguilar, a civilian.According to the affidavit, the suspects allegedly dismembered Guillen's body and attempted to burn it after she was bludgeoned to death by Spc. Robinson.Special Agents from the U.S. Army Criminal Investigation Command, along with the U.S. Marshals, Killeen Police Department, and the Lone Star Fugitive Task Force were attempting to locate Robinson on June 30 when he fled the post.When Robinson was located, officers attempted to make contact him as he produced a weapon and committed suicide by shooting himself. Aguilar has been arrested for tampering/ fabricating physical evidence with intent to impair a human corpse, a second degree felony. If conviction, Aguilar faces up to 20 years in federal prison and a maximum 0,000 fine.Guillén’s family said through their lawyer that they believe Vanessa was sexually harassed by the military suspect and is calling for a Congressional investigation.20-year-old Guillen was last seen on the morning of April 22 in the parking lot of her Regimental Engineer Squadron Headquarters, 3rd Cavalry Regiment on Fort Hood, Texas, and had not been heard from since that date.The Army Criminal Investigation Command has been working closely with multiple law enforcement agencies throughout this investigation to include the FBI, Belton Police Department, Bell County Sheriff’s Department, the United States Marshals Service, the Texas Rangers and the Texas Department of Public Safety.This article was written by Thalia Brionez for KXXV. 2754

The Wounded Warrior Project has released its 2017 survey results. The organization says the survey was completed by 34,000 veterans this year. The results showed that more injured veterans are trusting the Department of Veterans Affairs for health care concerns.The results also showed that more warriors are gainfully employed than in past years.Below are some of the challenges faced by veterans who were surveyed.  445

The U.S. again broke its daily record for new confirmed cases of COVID-19 on Wednesday, as local health departments recorded 50,000 new confirmed cases of the virus, according to a database kept by Johns Hopkins.The previous record was set Tuesday when health departments reported about 45,400 new cases.The figures highlight a continued spike in cases throughout the country over the past few weeks. Prior to the recent peak, the highest daily increase in confirmed cases came on April 24, when health departments reported about 36,400 new cases. The U.S. has recorded at least 38,900 new cases every day for the last week.(John's Hopkins)Because the Johns Hopkins database is reliant on reporting from local health departments, the data doesn't necessarily reflect a patient's day of infection. Daily case numbers are often higher mid-week because some local health departments or test centers may be closed on weekends.It's not just cases that are on the rise. According to the Institute for Health Metrics and Evaluation at the University of Washington, use of hospital beds, ICU beds and invasive ventilators have all risen in recent weeks after months of falling resource use.Many states have either "paused" or chosen to take steps back in their reopening process as cases and hospitalizations linked to the virus continue to rise.On Tuesday, Dr. Anthony Fauci — the government's top expert on infectious diseases — called the recent spike in cases "disturbing," and said that he could foresee the U.S. reporting up to 100,000 new COVID-19 cases a day if recent trends continue. 1593