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Upstate moving company helps return stolen Cambodian statues

Upstate moving company helps return stolen Cambodian statues
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Arnoff Global Logistics promotes Dan Arnoff and Craig Arnoff to C-suite

Arnoff Global Logistics promotes Dan Arnoff and Craig Arnoff to C-suite
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Capital Region moving and storage company hit with suspected ransomware attack

A prominent Capital Region moving company, Arnoff Moving & Storage, appears to have...

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Detailed text transcripts for TV channel - KGO - 20110602:10:36:00

the last time they were neutral was 2005 the last time katrina hammered the gulf coast. >> neutral doesn't foretell a whole lot on the number of storms. given the warmer than normal oceans that's led to the higher forecast for the season. >> reporter: the peak atlantic storm period is august to early october with hurricane season officially ending november 30th. peggy, daniel. turning overseas now. japan could soon have a new leader, prime minister naoto kan says he will consider resigning after his country recovers after national disasters. kan has been prime minister just one year. he has been criticized for a lack of leadership following the earthquake and tsunami in japan. and now to the economy. a series of economic reports will be issued today. analysts will be watching them very closely for hints about the recovery. >> they didn't like what they saw yesterday. and that had traders sending the dow down 280 points. the nasdaq index plunged 66. so what was it that sparked the selloff? >> dan arnoff from our business unit joins us with that.

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Detailed text transcripts for TV channel - KGO - 20110602:10:37:00

good morning, dan. >> good morning, peggy, daniel. the dire mood on wall street comes as a recent spate of economic news offers hints that the economy is losing steam and fast. adp offered its monthly look at jobs in the u.s. and said private sector employers only added 38,000 jobs in may. that's way below expectations and set many economists off to reset their guesses on the friday jobs report. consensus currently has about 185,000 new jobs added in may in that official government report. the smart money is now pushing that guess lower, before the friday morning release. others say traders are in a selling mood. because of a report on u.s. manufacturing moving lower. add to that a downgrade in greek government paper, and a general concern that gas prices and worries are keeping the american consumer from spending. altogether it makes a tough case to be buying stocks in the coming days. of course that could all change if friday's jobs report is surprisingly good.

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