Archive for March 2nd, 2013

Sinkhole that swallowed man grows deeper

March 2, 2013
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SEFFNER, Fla. (AP) — Engineers worked gingerly Saturday morning to find out more about a slowly growing sinkhole that swallowed a Florida man in his bedroom, believing the entire house could eventually succumb to the unstable ground.
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Cuts in place, Obama and GOP brace for next fight

March 2, 2013
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WASHINGTON (AP) — Severe spending cuts now the law of the land, President Barack Obama and congressional Republicans refused Saturday to concede any culpability for failing to stave off what both parties acknowledged was a foolhardy way to slash $85 billion in federal spending.
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Obama signs order for ‘sequester’ cuts

March 2, 2013
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WASHINGTON (Reuters) – President Barack Obama formally ordered broad cuts in government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness.
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Fla. sinkhole that swallowed man grows deeper

March 2, 2013
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SEFFNER, Fla. (AP) — Engineers worked gingerly to find out more about a slowly growing sinkhole that swallowed a Florida man in his bedroom, believing the entire house could eventually succumb to the unstable ground.
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With record highs in sight, stocks face roadblocks

March 2, 2013
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NEW YORK (Reuters) – If Wall Street needs to climb a wall of worry, it will have plenty of opportunity next week.
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Blackstone’s Schwarzman’s earnings flat in 2012; Apollo’s Black gains

March 2, 2013
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(Reuters) – The earnings of Blackstone Group LP head Stephen Schwarzman were flat in 2012 at more than $200 million, while Leon Black, the CEO at private equity rival Apollo Global Management LLC , closed in on him with a 73 percent rise in his earnings.
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Political gridlock at budget-cuts deadline

March 2, 2013
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Gridlocked once more, President Barack Obama and Republican congressional leaders refused to budge in their budget standoff Friday as $85 billion in across-the-board spending cuts bore down on individual Americans and the nation’s still-recovering economy. “None of this is necessary,” said the president after a sterile White House meeting that portended a long standoff.
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Police reveal final minutes before Las Vegas fireball

March 2, 2013
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LAS VEGAS (AP) — It took just nine fateful minutes for a valet stand dispute to escalate to a deadly Las Vegas Strip shooting, crash and fireball.
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