show that bolts bank is just one of nine lenders to fail and it's selling some of its business to burbank in order to improve its balance sheet richard haynesworth the general director of rights and says the acquisition makes sound strategic sense for the burbank. the buying at the bottom of the cycle of the business cycle which means that asset prices are low. in a position to buy it is cash rich the strategic benefit is that it gives a foothold into the european union banking regulation the european union is such that if you branch in one of the countries you are able to open branches in other of the countries with less difficulty. to go to england and so i want to. live with it would have more difficulty. let's take a look at some markets now u.s. stocks are mixed this hour there is a sharp fall in u.s. consumer confidence and a new report says sentiment plunged in july as views on the current economy and expectations worsen that's playing against better than expected corporate earnings from citi group and google. in europe stocks end of the session slightly down as traders were cautio

in our business bill isn't russia's largest lenders burbank is mulling its biggest acquisition abroad ever it's to purchase banks eastern european units for up to one billion dollars more in twenty minutes. eleven am in the russian capital you're watching r.t. drastic spending cuts are on the way to italy as parliament desperately tries to fan off a spiraling debt crisis and all bodes badly for the euro italy's finance minister even comparing the currencies troubles to the titanic but as r.t. sarah first reports there is only so much that can be done. people take power into their own hands. as the clouds gather. and the bad. times ahead. as for the future if you think countries like italy looking on increasingly unstable grounds can the year i write out this financial still this is really something quite frightening if italy really goes into big trouble on the financial markets this is certainly a totally new face of this euro crisis new dimension here a fairy tale with all too appealing countries trip saving themselves for a bite of the g.c. apple but now many are left requesting tak

also as burbank is mulling one of the largest international acquisitions for the russian banking industry its agreeing to pay eight hundred forty million dollars for banks international eastern european units and more on that in twenty minutes time. global news live from moscow city center this is r.t. i'm sure rupert murdoch has taken a swipe at his media rivals labeling accusations against news corp as total lies and that only minor mistakes have been made in the phone hacking probe the embattled media mogul now has an f.b.i. inquiry on his hands over claims that the voice mails of nine eleven victims were intercepted meanwhile in britain the scandals claimed its biggest scalp yet rebecca brooks has quit she run but also. u.k. newspapers and was editor of the news of the world when a murder victim a million dollars a phone was hacked next week she'll join rupert and james murdoch and facing a parliamentary grilling but as artie's a lawyer and reports while he fights to save his media titan of all channels are already circling. every media outlet and own t.v. radio even the scary. when n

. >> and jetblue was offering $4 from burbank to lax to fly you over the 405. >> thank you, george, good luck this weekend. >> reporter: okay, all right. thank you very much. >>> chief meteorologist jeff ranieri joins us now for all those people coming from l.a. to the bay area. who are going to spend the weekend. what are they going to see? >> yes, classic san francisco weather, not only in san francisco but for the bay area. yes, we're going to be under the cool blast here as we head throughout this upcoming weekend. 69 in pleasanton. we should be at 89 napa, 69, and 83 this time of year. i was driving on 101 -- the way to work, and i somehow traffic backups. i was thinking, well, this is nothing. carmageddon in l.a. is going to be a lot worse. the bay area is the place to be even though we've been dealing with the cloud cover and the cooler temperatures. it's not so bad. also here coming up on nbc bay area at 7:00, we do want to preview what's going to be

is teaming up with these cork of research up the countries to silicon valley will host burbank's i t cluster in r. and d. on the deal also involves setting up one of the world's largest data processing centers where boeing says this will help it become one of the most technologically advanced banks globally. but. we are planning to maintain the produce budget at around seven hundred to eight hundred million dollars the technophile will build over two and a half years and provide their own five thousand jobs in one thousand and research . up to that we will be back in fifteen minutes time with. their lengthy stay without. move. the fuse. six feet. if the big feet. up. first tree removal call that a clear cut. second the explosives are used to plaster between the jurors. heard the remains are removed by machinery. finally the fundamental choice is because the judge is in vallecito. on. the phone. well. bringing you the latest in science and technology from around the world. we've got the future covered. silage brightened. soon from plans to transition to some. stunts on t.v. dot com. i

and russia's burbank is mulling an eight hundred forty million dollar acquisition of old spans eastern european units one of the largest acquisitions all of this type one thousand and twenty minutes to. one pm in the russian capital you're watching r t with marina josh welcome to the program. marduk has taken us live ad is media rivals labeling accusations against news corp as total lies and that only minor mistakes have been made in the phone hacking probe will now have to answer before britain's parliament while across the atlantic the of the eyes looking into claims that the voice mails of nine eleven victims were intercepted as archie's lore and reports while he fights to save his media titan the vultures are circling. good every media outlet and down t.v. radio even the skaters not imitate life the long running simpsons takes a shot at it rupert murdoch aka montgomery burns in an episode broadcast apparently coincidentally this week. but it's not the only piece of timing in the extraordinary phone hacking case that seems to get more scandalous every day the list of something like

to ninety five billion euros by two thousand and fifteen it's more the brushless potential those burbank protest wants to use eastern european union bank as a platform for international operations and the demographics planes why they chose them these parts ecolab. bolds bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or talks assets there is no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business. so burbank plans to finalize the deal by the end of this year and it's just the beginning cameron realises that the pay old resolute thing at some other european banking after the acid in europe into. the town of balakot are reporting outsiders for of anx headquarters thank you very much for that update. you know stay with us for bank of richard haynesworth the general director of restraints and believes it has made a sound strategic decision because it's spared a foothold into the european union. bankin

is working but could actually as burbank go further and to compete say with german and french giants. i think that that would be difficult certainly if you're looking in the long term perspective so ten to fifteen twenty years then that's definitely where they're aiming at but initially what they will have to do is first of all consolidate their management and their whole team to be a multinational multicultural park as opposed to being simply a savings bank in russia by the way do you think there's a risk for suburban because a lacks the experience of managing an international bang. it's always a risk in any takeover than any acquisition but there are going to be cultural differences between the buyer and and what is bought we also see this between spirit by contract a dialogue. spare bank is just bought there are bound to be differences these differences are showing up people have left. but on the other hand spear buying wanted to take him in order to change itself so buying a piece of an east europe of what essentially was an austrian bank but there you east european area it's buyi

soviet union and is expected to be closed by the end of the year sources close to the talks says burbank could pay up to eight hundred fourteen million dollars for the acet. gold prices hit a record high on first there's investors look for safe haven from the storm brewing in the world's biggest economies now it's coming down just a notch at the moment well seen as a traditional store of value gold is being driven by concerns over the us desert you ation and the prospect the federal reserve will print yet more dollars when i was in your e.t.f. capital believes there's no limits to the current rally. it did look like a few weeks ago the price of gold was going to come in lower but in your view you're starting to see increased eurozone concerns increased inflationary concerns the prospect of more quantitative easing more stimulus spending from the from the federal reserve we thought that that finished at the end of june now in the last couple of days or so there's an increased likelihood that the federal reserve could start to print more money and that is going to go into areas it's going

hello and welcome to business here on artsy now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european units of austria's vaults bank international and it's the first that was issued office kind i have russian bank doesn't start over has all the details this purchase goes in line with their banks ambitious plans to become an international banking group that's how big your money grabs their bets but two thousand foot sea in their bank plans to generate the one per cent of its income from international operations here also felt that he believes in the great potential of those eastern european countries where all their branches except the banking market of. the world the market will be generating up to months of five billion euros by two thousand and fifteen and it's more than russia's potential those burbank just wants to use eastern european you know the bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia coalition in bosnia this is a traditional banking business here in a complic

and burbank killed also weak but not so much as they were four point four for percent. burbank and was thoroughly corvus seeing yet another board trial certainly was down more than one percent down two percent. so really even with the uncertainty on the markets because of the capital believes the construction and cement sectors will soon see increased demand i think the most interesting story of late. has been the construction theme first of all so this is the sochi olympics plus the world cup and now we have moscow expanding outside of its earlier bounds that is bullish obviously for the cement industry for developers and for long products to producers so one of which is obviously. having mentioned here as if they do manage to sell their stake in response mind of a severe go of the cash which would help either a cut their debt or actually pay have to dividend so those are probably the themes there will be watching in these difficult markets and circumstance. business us we will be back next hour with nothing bad. with the end of the boer war and the going away of the s

another >> airline story this morning, a pair of sisters live from burbank to dallas said the southwest airlines click them off of the airplane during a layover because they were crying to much. southwest says they have no record of anyone being kicked off the flight. they were headed to texas to see their father who was on their deathbed. they were upset over the health of their father and not being destructive. >> i was bawling my eyes out, clearly upset, but i never said one thing to another passenger, i kept to myself. i did not have a glass of wine or any drinks on the airplane. i just feel like someone used some power and they should not have made a prejudgment about where i was coming from. >> i sense tension with the stewardess. i sense that something would happen. i have heard about things like this happening before. i was not necessarily a surprise when they pulled me aside and said we're going to have someone talk to you. i certainly did not think it would go that far. i thought that it would listen to our side of the story. >> southwest airlines said that if a passenger is d

hello and welcome to business losses burbank is finalizing the agreement to acquire the eastern european unit of austria's bank international could be the biggest acquisition by the russian land outside the former soviet union and is expected to be closed by the end of the year sources close to the talks say burbank could pay up to one billion dollars for the assets. gold prices hit a record high on thursday as investors look for a safe haven from the storm brewing in the world's biggest economies now it's coming down just a bit at the moment seen as a traditional store of value gold's being driven by concerns over the u.s. debt situation and the prospect the federal reserve will print yet more dollars man of the. capital believes there's no limit to the can rally it did look like a few weeks ago the bird the price of gold was going to come in lower but in theory you starting to see increased eurozone concerns increased inflationary concerns the prospect of more quantitative easing more stimulus spending from the from the federal reserve we thought that that finished at the end of june n

bonds as a chief economist as burbank explains. i have a high probability round as a result of the difference in their prison in man states treasury because you is treasuries is the largest market for low risk that sue if you increase. its rate you basically increase the risk of all in the overall system you all three many institutions which are required by law or who increase the number or for us it's in the park color. of the markets now while declining for the first time in five days that's on concerns of failure to reach a deal on raising the u.s. that ceiling may cause the biggest consumer of crude to the force was losing eighty two cents brant is just below one hundred eighteen dollars a barrel gold prices have surged to record highs as investors are seeking safe haven assets amid the jitters of global exchanges gold is trading at almost sixteen hundred and fifteen dollars per ounce silver is a forty dollars fifty nine. cross asia stocks are falling as investors fear the impasse in the u.s. that talks will prompt a dramatic s

suffer a damaging default but this could actually burden on for us bonds as a chief economist as burbank explains why they are way high probability and as a result of the default in their prison a demand from its treasuries because you is treasuries is the largest market for low risk that sue if you increase the risk close associates right you basically increase the risk of all in the overall system you all thing many institutions which are required by law to increase the number. of us it's in the dark dollar. the secret of the markets now will is declining for the first time in five days that's on the concerns of the year to reach a deal on raising the u.s. debt ceiling may cause the biggest consumer of crude to default down eighty two thousand some brant is just below one hundred eighteen dollars per barrel as our gold prices have surged to record highs and burst is seeking safe haven. judaism global exchanges call the st ing at sixteen hundred and sixteen dollars per ounce and silver more than forty and a half dollars per. thousand the stock markets in asia where we're seeing stocks f

hello and welcome to business here on araa now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european units of also as volks bank international and it's the first acquisition of its kind by a russian bank well for all the details let's now cross live to business i. was outside for a bank's headquarters hello to. what can you tell us about why a sperm bank is buying this business from walked into. this purchase goes the law in the with better banks ambitious plans to become an international banking group that out of bank care must be of help just that by two thousand hurts the bank plans to generate up to seventy percent of its income from international operations we have also said that he believes the great potential of those eastern european countries where both banks how their branches he's out the banking market of such countries as the czech republic all flock here will be generated seen up to ninety five billion euros by two thousand and fifteen and it's more than a brush with potential still want to use the eastern european union the whole

russia's largest bank is expanding into europe burbank has agreed to buy the european unit of austria's volkswagen the national has the first acquisition of its russian bag business southeast on the pinnacle of has more details. it will be very banks tourist purchase outside the former soviet union it's quite widespread bank starts of expansion plans in eastern europe i it's lucky to still very very similar to russia c.i.s. markets and borders bank itself are the very lucrative targets both bank it's awesome the rest are made of f. fourteen billion dollars and it has a wide network of branches across nine countries in central and eastern europe what we know by now is that today's bear bank man ounce approaches off a hundred per cent over the eastern european union also both bank international for estimated eight hundred and forty million dollars the talks started last year but then have been complicated by the ownership structure of the bank but now the deal is expected to be closed this year and we're now hearing banks that had quarters waiting for they had a bank get a month. to give

thank you carrie hello and welcome to business thanks for joining us russia's largest lenders burbank is taking out would this call to research the country's answer to silicon valley will host burbank's i.t. cluster and they are indeed the deal also involves setting up one of the world's largest data processing centers through banks as this will help it become one of the most technologically advanced buying slow billy the lenders c.e.o. given ground lines the terms of the deal. are blooming to maintain the produce budgets are drawn seven hundred to eight hundred million dollars the total bond will build two and a half years. here. let's have a look at the markets right now all is continuing to lose ground amid stronger dollar and concerns about global demand that's all speculation in europe's sovereign debt crisis is deepening brand blood is trading at close to one hundred seventeen dollars per barrel while the devil e.t.i. is around ninety four dollars a barrel. asian markets are sliding sharply for the u.s. who also as investors are alarmed with the possible spread of the european s

is teaming up with these cork of research up the country's answer to silicon valley will host burbank's i.t. cluster in r. and d. on there also involves setting up one of the world's largest a data processing centers for boeing says this will help it become one of the most technologically advanced banks globally. we are planning to maintain the project's knowledge as it's around seven hundred to eight hundred million dollars the techno part will build over two and a half years and provide their own five thousand jobs in id and research. after that we will be back in fifteen minutes time what. you say about. if. the books. movies. just say. it's. just submit. the book. first cream remove old hold of a clear cut him the first second the explosives are used plus to go deeper than the piers. heard the remainder remove the machinery. finally the more the choice is the fashion to invent if you. want to keep. coming. well. bringing you the latest in science and technology from around russia. we've done the future coverage.

and on business burbank is expanding and see europe by making a one of a kind acquisition by russian banks will have all the details for you and about twenty minutes in business. it's just after five pm on friday here in moscow you without seen the chief executive of the british newspaper group owned by the murdoch empire has resigned over the phone hacking scandal rebecca brooks bowed to mounting pressure to quit saying that her ongoing involvement was affecting attention from the company's attempts to clean itself up she is due to appear before a panel of m.p.'s next tuesday along with her former boss and his son paul to face questioning on the allegations of ethical methods i want to use that laura now reports on how the vultures are circling around on some pertinent parallels from a surprising source. every media outlet in town t.v. radio even the scariest part imitates life the long running simpsons takes a shot at it rupert murdoch aka montgomery burns in an episode broadcast apparently coincidentally this week. but it's not the only piece of timing in the extraordinary phone h

thank you carrie this is business sarsi hello welcome to the program russia's largest lenders burbank is stimming out good this kolkata research hub the country's answer to silicon valley will host burbank's i.t. cluster and the r. and d. are the deal also involves setting up one of the world's largest data processing centers providing says this will help it become one of the most technologically advanced globally lenders. and grab outlines returned to fifty. who are learning to maintain the produce budgets are drawn seven hundred to eight hundred million dollars. will build over two and a half years. russia's going to sell at ten percent of its high tech corporation. as part of its massive prototype zation drive the state could be sold in two years for around one billion dollars analysts believe investors will be interested in the asset as a nano technology is there a strong demand for us and dmitri medvedev has called for an expansion of the prototype ational broke ground this stage was going to sell its stakes in one thousand and two prizes last year but only one hundred twenty are

bonds as a chief economist burbank explains why i have a high probability went as a result of the default in their increase in the demand for its treasuries because you is treasuries is the largest market. low risk that sue if you increase close associates rate you basically increase the risk of all in the overall system you all three many institutions which are requiring by law do increase the number of. us it's in the dark color. of the markets now will is declining for the first time in five that's on the concerns of you two to deal in raising. the u.s. debt ceiling may cause the biggest consumer of crude to the fault light sweet is down eighty two thousand some brand is just below one hundred eighteen dollars per barrel this hour gold prices have surged to record highs as investors are seeking safe haven. judaism global exchanges gold or straining at sixteen hundred sixteen dollars per ounce and silver more than forty and a half dollars per ounce. of the stock markets in asia where we're seeing stocks fooling as investors fear the impasse in the u.s. debt talks will prompt a dramatic

there's a fairly direct route from burbank to long beach. and most l.a.ers like myself spend a lot of time trying to dodge the 405 just like poison oak and you get used to taking it no matter what you can. it's a mandatory evil because with often have to fly out of los angeles international airport and we've all had these days where we land on a friday and it can be an hour and a half drive from l.a.x. to hollywood or purchase bank area just trying to get back home. now, going to long beach, we can sort of swing around the worst part of the 405, so that's a great question. >> i'm glad that it's been an easy commute thus far. thanks so much. let's check this with lindey and see how the flight is coming along, the flight between burbank and long beach. about where are you? you've checked in and everything? >> i've checked in and i'm standing in line to go through tsa security. seems pretty normal around here. there were about three other media crews checking into the same flight. so i don't know who will take advantage of the $4 flight which is kind of name

russia's biggest lenders burbank is one step closer to acquiring forbes bank international supervisory board of the european company has approved the sale the banks reached agreement earlier this month but no details were provided analysts estimate the takeover at around seven hundred million dollars what's burbank planning to finalize it buying years and the acquisition is aimed at helping the russian company expand its activity in the east european market. and russian car giant after vos has turned a profit for its french shareholder a no for the first time the comic i managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euros loss at the same time a year ago and the whole of the whole way no group reported a fifty six percent jump in first. and there's going to be petrol in the problems for all those a lot of us to run on energy minister said explains while the government is doing to avert a repetition of the gasoline prices this year. the growth of the for you for the year two there is no risk of a f

is teaming up with this corker research hub the country zones are to silicon valley will host burbank's i.c. cluster and the r. and d. on the deal also involves setting up one of the world's largest data processing centers for banks as this will help it become one of the most technologically advanced buying cyclo billy leaders c.e.o. going to grad outlines the terms of the. review we are planning to maintain the produce budget withdrawn seven hundred to eight hundred million dollars the total ball will build over two and a half years and provider on one of thousand jobs and research. is going to sell a ten percent in high tech corp worse nano as part of its massive prototype ization drive the stake could be sold in two years for around one billion dollars believe investors will be interested in the asset as nanotechnology is there in strong demand president dmitry medvedev has called for an expansion of the ties actually for one the state was going to sell its stakes in one thousand and two prizes last year but only one hundred twenty assets and a doubt being sold. right now let's have

movies on the my six most of the blue chips are in the red with financials suffering the most as burbank is losing more around one and a hospice and we could crudities and waiting on an issue major's gas promise down the bonds and also into i slipped into the red after gains its reported and nine percent increase in earnings for the pens top of the cia. was in the eurozone have tamed investor appetite for risk pushing the russian currency to flash lows the verbal has lost a third of a percent against the dollar which is considered to be a safe haven asset monday's session saw a biggest decline in seven weeks the greenback is now worth twenty eight were making its. russia's largest lender teaming up with this cocoa research the country's also to silicon valley will host burbank's and r. and d. the deal also involves setting up one of the world's largest data processing centers for banks as they say will help at the county one of the most technologically advanced banks globally. but it really can move us who we are blending to maintain the broader its budget are on seven hundred to eight h

it's a business here and i see now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european unit all for. international and it's the first acquisition of its kind by a russian bank and business argues that the local brings us all the details of this purchase goes in line with the survey from bishops plans to become an international banking group how to pay your money grab the butts of thousands put see in their bank plans to generate up to seventy per cent of its income from international operations we have also felt that he believes that in the great potential of those eastern european countries where the world bank branches that the baking market it's hard to believe the if nobody here who generates up two months of five billion euros by two thousand and fifty and that's more than russia's potential those burbank just wants to use eastern european you know the bank as a platform for it to hold the international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business th

now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european unit of austria's vaults bank international and it's the first all of its kind by a russian bank and business are things that down the brings us all the details this purchase goes in line with their banks ambitious plans to become an international banking group but how do they care mcgrath says that by two thousand what seems their bank plans to generate up to seventy per cent of its income from international operations they have also said that he believes that in the great potential of those eastern european countries where pulled out the broncho is that the basic market approach her. probably nobody can move it generates it up two months to five billion euros by two thousand and fifteen and it's more than russia's potential so their bank he just wants to use this eastern european union bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complica

on our team now this hour we start with russia's largest bank which is expanding and see europe as burbank has agreed to buy their eastern european units of bank international and it's the first echoes asian all that's kind by every bank business artie's that has all the details. this purchase goes in line with their bank some bishops plans to become an international banking group that's how the bank care money grab says that by two thousand what seems better bank plans to generate up to seventy per cent of its income from international operations have also felt that he believes in the great potential of those eastern european countries where the world bank has the branches is that the banking market of such. public or nobody can move it generates it up to nine to five billion euros by two thousand and fifteen and it's more than russia's potential so the bank he just wants to use this eastern european union bank as a platform for its old international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there

and a half percent the bank is currently figuring out with details of its purchase up by moscow and burbank was also up after news of its acquisition of. international interest in europe and the country's biggest company gas problem went up by point three percent helped by the gains in oil price. russia will not make concessions over its tax regime for carmakers to gain membership of the world trade organization under the current rules manufacturers which make more than sixty percent of a vehicle in russia receive financial concessions this is intended to boost local production of cars and prime minister putin says the system is not open to negotiation but. the requirement to sixty percent localization and production of three hundred thousand calls a year we have. changed it to read law and we cannot cross because we cannot to bermed in the interests of domestic producers. now separately prime minister putin says there are plans to build a second line of the eastern siberia pacific ocean pipeline system for exports and crude oil to asian markets he also suggested another line could be added

and almost corporate clients it could be called the bank for medium sized and small business loans burbank plans to finalize the deal by the end of the year and it's just the beginning government reacts to that they old resolute king out from banking also in the other parts of europe and the intricate. well let's take a look at the markets know the u.s. stocks are in the black the dow is zero point eighteen percent and the last point sixty four percent and that's the spire reports consumer. sentiment plunged in july but many say news on the current economy and expectations worsens let's take a look at what's happening in europe stocks are about to close at the moment they are down slightly as traders remain cautious head of the release of bank stress test results due out later today and in russia markets they closed flat after a difficult week volumes were down as many people were away on holiday and direction remain unclear let's take a look at some individual movers on the price sucks the banking sector the quite well beaten even up by over one and a half percent the bank is currently fi

at that point, that jetblue passenger hadn't even taken off from burbank. >>> the rest of the country is facing another hike. several airlines announced they're raising domestic fares. going to go up by 4 to $10. the last time the industry implemented this type of broad increase was back in april. >>> this week, republican presidential candidates will debate each other, and they will be getting their questions via twitter. the teaparty.net website is hosting the first ever presidential debate on wednesday. users will be able to tweet their answers in 140 characters or less. republican presidential hopeful ron paul is on the campaign trail this weekend. the texas congressman spent some time talking to potential voters at a coffee shop in new hampshire. he says he's been focused on the nation's growing deficit. he said the debt ceiling should not be increased. >>> and campaigning on a harley yesterday in salt lake city. this is huntsman's first visit to salt lake city. mitt romney pulling almost 70 points ahead of huntsman among voters. >>> secretary of state hillary rodham clinton lend

. >> on wall street stocks climbed as burbank he spoke. the dow finished up 35. >>> leaders had another white house negotiating session today. if the u.s. does defaults nancy pelosi wants to know which bills will be paid first. >> first i have a more optimistic view. i believe the united states will pay its bills and we will honor the full faith and credit of our country. i salute president obama for putting forth a grand bargain. >> it would push up rates for mortgages, car loans, and other debt. >>> happening now, a fundraiser is underway in san francisco for the two hikers being held in iran. shane bauer and josh fattal had been imprisoned for two years. the campaign features bauer's photography and their trial will begin july 21st. >>> san jose state is telling some students they may have to live in hotels. they say that off-campus housing will be within walking distance or on the light rail line and they will learn their final housing assignments by the end of the month. >>> there are a few surprises now in stores some of your favorit

>> i'm driving back to burbank airport after messing around at long beach airport for a while.smoothly, fred, you can't believe it. you know, i admittedly i got on to the wrong onramp at one point. i also had all kinds of other things going on, not the least of which was we got some water and we were messing with this equipment that allows us to go live while driving, so it was 54 minutes and an absolute, as say they, piece of cake, fred. >> oh, my gosh, fred, very encouraging, i don't know if people are now going to venture out or remain off the roads so that there will not be any gridlock? >> reporter: i would say that if traffic was like this all the time, people would, you know, be happy to take such adventures on a friday. but you just don't see this. i'm on the 710 freeway right now and this is moving away from long beach. so it is an absolute pleasure to drive today. >> fantastic, that is great to hear, paul. let's check in with lindh did ha -- lynndie who sided to take advantage of that jetblue fair special. how long did it take? >> reporter: i'm having a hard time hear

door-to-door, burbank to long beach, jetblue is not trying to win this, they did make space on theirmplete with the cyclist. tomorrow the airline passenger will head to the airport and the cyclist will head on it at the same time. the wolfpack tweeted today this will be a lawful contest. wolfpack a will be timing legal. i love this story. i love los angeles can get fun getting ready for the best weekend ever and jetblue had the space for the race who are the john henry guys. these wolfpacks are going to win. i'm bad at predictions. they have the bikes, the tattoos. they are going to win. the bikes. it's the bikes. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here i

anticipating carmageddon, jetblue, the airline offered flights between long beach and burbank for justed to see which was faster, taking the 20-minute flight or driving. using routes other than the 405. well, let's check in with lindy hall on that flight. paul is going to be on the roadways. we're going to check in with both of them momentarily to see how their commutes are going. okay. so l.a. residents may think it's no laughing matter. but comedians, well, they're making the most out of this whole carmageddon thing. check it out. >>> this weekend in los angeles, a short stretch of the 405 freeway will be closed for repair. is everyone okay? we prayed this day would never come. now, sure, californians have survived earthquakes, wildfire, laker victories, even alien invasions, but this is the big one, folks. increased traffic on two off-peak days. you know what that means? someone might have to walk some place. think of the children. pray for them. >> best way to beat this. remember balloon boy? that's what i'm doing. >> if you want to avoid the 405 this weekend, i suggest cutting thr

at burbank airport, passengers on the ultimate short haul to long beach. flight time 9 minutes. tickets 4 bucks. >> they might take a little hit today but in the long run will have more customers. >> they are breathing a tentative sign of relief that carmageddon may not spoil their wedding tomorrow. >> everybody will remember this wedding. >> not because of how beautiful we look but because of the 405. >> today, a few brave souls ventured out on the 405 without cars. >> it nice day for a bike ride. >> and we met one skateboarder who rode all the way down from mulholland drive. he calls himself commander bob. once in a lifetime, i bet. the chp was not impressed. >> you are told right now by law enforcement to not be on that freeway. use a little common sense, gentlemen. it goes a really long way. >> so now we know. >> nice jump suit. >> david wright reporting there. the 405 is expected to reopen at 5 on monday morning. and the bay area has its own road closure tonight. although it is a bit smaller. highway 1 between lake street and the golden gate bridge is closed in both directi

jetblue even rolled out $4 flights from long beach to burbank.y sold out in a matter of minutes. but how bad can it really be? for a reality check, we turned to one of l.a.'s most famous cops. ♪ no, not that guy. >> one adam-12. >> reporter: not those guys either. ♪ that guy. erik estrada, who played ponch on "chips." >> people, back up, please. >> hi. i'm erik estrada, and i'm here with real motorcycle police officers -- >> reporter: back on the air with a new public service announcement about carmageddon. this afternoon, we picked him up at l.a.x. and drove with him, t of town.n. >> stay home. don't drive. i'm going south to meet my family, and we're going to stay away for the weekend. >> reporter: you're avoiding the whole thing? >> i'm avoiding the whole thing. >> reporter: carmageddon. >> carmageddon. >> reporter: do you think it's ovovkill? is it going to be that bad? >> i think it's great fun. i mean, whoever came up with carmageddon is -- >> reporter: got a sense of humor. >> great sense of humor. >> reporter: he's convinced it's not the

they were from burbank to long beach. no gridlock in the skies. the flights will only take about 45 minutes. >> so you think it's going to be calm. i think it's going to be terrible. >> i really have no idea. i'm just guessing. seems like they put the message out so much that people would stay home. >> people in l.a. and their cars, i'm telling you. i've lived there. >> carmageddon. like it. >>> a little more surgeon, a little more warmth. kristy says the weekend picture is a whole lot clearer. >> maybe not the best weather for sitting inside a theater but millions will. the beginning of the end for harry potter. ,,,,,,,,,, honey...? [ mom ] yes. honey, i can't find my internet cord. oh, i'll borrow hailey's. you're downloading movies. fast! from here? where is her cord?! we switched to at&t high speed internet and got wireless access. no more cords. wireless, okay, honestly, can i just get a cord, please? dad, the cord's invisible. [ female announcer ] call at&t today to get high speed internet for just $14.95 a month for 12 months with a 1-year

the airline offering flights between long beach and burbank airports for $4 each way. they're going to operate morning and evening, that price includes taxes and fees. way to make hay out of a problem there. >> and if you have ever noticed charges on your phone bill for services you never ordered, you're not alone. >> and there is michael finney with more. >> we've been investigating for about 20 years now. they got better and... now, it's worse. it's called cramming. the company slips extra charge was out you knowing it trying to trick you. the commerce committee released a report showing it's worse than ever. it says 20 million victims pay $2 billion per year for unauthorized charges on bills. companies raked in $1 billion in profits over the past decade. >> this is infuriating to me that it's illegal to charge our businesses and skew our profit statements and in effect take money out of the hands of hard working and deserving men and women. >> theegs are third party companies not the phone company. the fcc wants to require the phone companies to notify of all of the

." >>> meantime, two grieving sisters on their way from burbank to dallas to see their father were taken off a southwestern flight in oakland last night. it followed a misunderstanding with the flight attendant. >> i broke down and starred to cry. i'm a little bit afraid to fly. i said to the stewardess, i said when you are going to be serving i'm have a glass of wine. she said i think you had enough. i hadn't anything to drink. >> the sisters say they were pulled off the plane by a waiting supervisor because they were considered a flight risk. >> i think apology is in order. she has no idea what she has done. >> southwest put the sisters up for a hotel and put them on a flight back to dallas but they don't think they'll make it in time to see their father alive. >> two men are in redwood city jail after a chase. it started at 7:45 in newark. officers from san mateo swatted team and chp chased the two suspects. investigators say they are not murder suspects as originally thought but they were driving the silver mercedes that is registered to a murder suspect. it ended in san joaquin coun

the airline will fly you from burbank to long beach for $4 one way to avoid the freeway this saturday only. >>> when we come back here tonight, it's so far been the summer of the casey anthony trial and the debt ceiling talks, so if you're looking for something to feel good about, how about the u.s. women's soccer team? >>> finally tonight, put it this way, when our friends at espn ranked the plays of the week, their number one pick was not jeter's 3,000th hit, it was the achievements of the u.s. women's world cup soccer team. first they beat brazil, then today they beat france, now it's on to the finals for the world cup. tonight nbc's anne thompson take a look at the women who have made this summer exciting. >> reporter: they are the wonder women of 2011, the u.s. women's soccer team, reaching the world cup finals, defeating france 3-1 in a glorious display of tenacity. >> this is about who wants it more. about who's willing to leave it all out on the field. >> reporter: this has not been an easy tournament for the team ranked number one in the world. they lost in the preliminary ro

i'm joined now from burbank by -- burbank, california by reese halter, conservation biologist.rning to you, dr. reese. when we see these heat waves, we always say what is making this happen right now. how is this different than past years? >> well, richard, good morning. this is epic because what's happening is from georgia to florida all the way to arizona and particularly texas and oklahoma are beaten down. we're going back to 1895. we're talking about $3 billion, or 30% of the wheat crop that's going to be forgone in texas. and we're talking about culling hundreds of thousands of cattle here. and you know, it goes deeper and gets thicker than that. we've got billions of trees that are dying. now, trees are the life force, providing oxygen and fresh water. and if we go back to 1970, every decade across the west, temperatures have gone up at least a degree. we're talking about 3 1/2 degrees, richard. and when the trees start to die, that's a very bad signal here. >> dr. reese, as we see this cycle of extreme heat right now, which has gone on for the better part of two weeks, i

are from other san francisco neighborhoods, but most came from out of town from fresno, san diego, burbank, you are vine and yuba city. >>> staying in san francisco, steady winds and a stubborn attic fire threatened to take out an entire block of homes. alan wang has the pictures and the story. >> for no,rly an hour smoke billowed. firefighters struggled to get to the flames in the attic that were slowly eating toward the neighboring homes. >> you can see the flames getting close to our building. and the firemen went into our office and took access to the wall. they must have seen the fire spreading. >> he was next door when he noticed the smoke. >> the flames were a tree on fire. i'm not sure where it came from, but i just noticed the tree was completely going up. fire and hot ash was going everywhere. >> the firemen had to access the building. they were breaking through walls. >> when the flames finally broke out, firefighters rushed to keep them from spreading. >> i didn't notice flames in the front of the house, and now i am seeing them. that really is concerning. >> the fire chief say

---el 16 de mayo, bryan es trasladado de un hospital en burbank al hospital general de san francisco., la policia de los angeles, anuncia la captura de giovanni ramirez quien es nombrado el principal sospechoso... ---y ayer 21 de julio, la policia de los angeles anuncia dos nuevas detenciones y ordena la exoneracin de giovanni ramirez quien esta encarcelado por cargos no relacionados.. cu ---en medio de gran pena y dolor, take vo ---esta maÑana se realiz el sepelio de monica rodas de 21 aÑos de edad en la ciudad de oakland... ---el cadaver calcinado de monica fue encontrado en plena via publica la semana pasada, ---y segun la policia fue muerta a golpes antes que su cuerpo fuera incendiado.... ---pese a su muerte violenta, familiares y amigos de la joven madre la recuerdan por su actitud positiva que tenia hacia la vida por lo que exigen a las autoridades que no ocurran tragedias como esta... sot señora dice: "yo pienso que deberian de tener mas seguridad, y tener mas gente, de por si, para estar cuidando mas." in: 00;08;01;04 out: 00;08;10;25 vo ---la policia ya detuvo a dos sujetos