Archive for December 28th, 2012

‘Clock is ticking’: Debt talks underway

December 28, 2012
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WASHINGTON (AP) — The end game at hand, President Barack Obama and congressional leaders made a final stab at compromise Friday to prevent a toxic blend of middle-class tax increases and spending cuts from taking effect at the turn of the new year.
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N.Y. woman charged in slaying of firefighters

December 28, 2012
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WEBSTER, N.Y. (AP) — A 24-year-old woman was arrested Friday and charged in connection with the Christmas Eve ambush slaying of two volunteer firefighters responding to a house fire in upstate New York.
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Three Areas That Retail Store Insurance Can Benefit You

December 28, 2012
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Three Areas That Retail Store Insurance Can Benefit You

Whether you run a large or a small retail operation, you have a lot of responsibility under your belt. Retailers work hard every day to make sure that their products are in, on the shelf, and ready to be sold to their customers. If you are a retailer, it is important that you protect...
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Oil down slightly as fiscal-cliff talks continue

December 28, 2012
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NEW YORK (AP) — The price of oil fell slightly Friday, as the stock market drifted lower and efforts continued in Washington to strike a budget deal before the year-end deadline.
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Wall Street heads for longest losing streak in three months

December 28, 2012
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NEW YORK (Reuters) – Stocks fell on Friday, putting the S&P 500 on track for a fifth straight decline, as President Barack Obama and top congressional leaders were set to make a last-ditch attempt to steer the country away from severe fiscal austerity next year.
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A make-or-break moment for ‘fiscal cliff’ negotiations

December 28, 2012
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WASHINGTON (AP) — Amid partisan bluster, top members of Congress and President Barack Obama were holding out slim hopes for a limited fiscal deal before the new year. But even as congressional leaders prepared to convene at the White House, there were no signs that legislation palatable to both sides was taking shape.
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Video shows woman pushing man in front of NYC subway train

December 28, 2012
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NEW YORK (AP) — Police searched for a woman who killed a man by pushing him in front of a subway train and released surveillance video Friday of her running away from the station.
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Bharti Infratel shares drop 13 percent in market debut

December 28, 2012
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NEW DELHI/HONG KONG (Reuters) – Bharti Infratel, backed by billionaire Sunil Mittal, dived 13 percent in its trading debut after raising about $760 million in India‘s biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators.
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TEXT-S&P cuts Consolidated Minerals to ‘B-’; outlook negative

December 28, 2012
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Rationale The downgrade reflects our view that protracted softness in the manganese
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Gen. Norman Schwarzkopf dies at 78

December 28, 2012
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H. Norman Schwarzkopf, the retired general credited with leading U.S.-allied forces to a victory in the first Gulf War, has died at age 78, a U.S. official confirmed to ABC News.
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