(CBS News) As the automatic budget cuts known in Washington as the sequester draws closer, consider this: the federal government does $500 billion worth of business with private contractors, including as many as 120,000 small businesses. That's everyone from the makers of nearly a million pairs of combat boots each year to the roughly 700 companies in 44 states that make parts for the Boeing C-17...
Fiery Last-Lap Daytona Crash Injures 28 Fans
Labels: Business A fiery last-lap crash at the Daytona International Speedway injured a number of spectators today, who were seen being carried away from the stands on stretchers.A total of 28 fans were injured, with 14 transported to hospitals and 14 treated at the speedway, Dayton president Joie Chitwood III. All the drivers involved in the crash have been treated and released, Chitwood said.ESPN...
Feb
22
Abe vows to revive Japanese economy, sees no escalation with China
Labels: WorldWASHINGTON (Reuters) - Japanese Prime Minister Shinzo Abe told Americans on Friday "I am back and so is Japan" and vowed to get the world's third biggest economy growing again and to do more to bolster security and the rule of law in an Asia roiled by territorial disputes. Abe had firm words for China in a policy speech to a top Washington think-tank, but also tempered his remarks by...
US state sounds alarm over nuclear waste leaks
Labels: Technology LOS ANGELES - At least six tanks containing radioactive waste in the US state of Washington are leaking, the state said Friday, urging more federal help to clean up a site used to make Cold War-era bombs.Washington governor Jay Inslee said that the extent of the leaks at the Hanford site -- which first produced fuel for nuclear bombs in World War II and closed down 25 years ago -- was...
Apple yanks proxy proposal after judge backs Einhorn
Labels: LifestyleIn response to a court ruling today in favor of hedge fund manager David Einhorn, Apple has yanked a proxy proposal that would eliminate its ability to issue "blank check" preferred stock without investor approval.Apple issued a statement concerning the ruling by U.S. District Judge Richard Sullivan, who granted Einhorn's bid to block next week's shareholder vote on the proposal:"We are disappointed...
Wash. state governor: 6 underground nuclear tanks leaking
Labels: Health Updated 8:11 PM ET YAKIMA, Wash. Six underground tanks that hold a brew of radioactive and toxic waste at the nation's most contaminated nuclear site are leaking, federal and state officials said Friday. Washington Gov. Jay Inslee said the leaking material poses no immediate risk to public safety or the environment because it would take a while — perhaps years — to reach groundwater. But the leaking...
Jodi Arias' Friends Believe in Her Innocence
Labels: Business Accused murderer Jodi Arias believes she should be punished, but hopes she will not be sentenced to death, two of her closest friends told ABC News in an exclusive interview.Ann Campbell and Donavan Bering have been a constant presence for Arias wth at least one of them sitting in the Phoenix, Ariz., courtroom along with Arias' family for almost every day of her murder trial....
Feb
21
French, Malian forces fight Islamist rebels in Gao
Labels: WorldGAO, Mali (Reuters) - French and Malian troops fought Islamists on the streets of Gao and a car bomb exploded in Kidal on Thursday, as fighting showed little sign of abating weeks before France plans to start withdrawing some forces. Reuters reporters in Gao in the country's desert north said French and Malian forces fired at the mayor's office with heavy machineguns after Islamists were reported...
Uncertainty hangs heavy as Italy braces for elections
Labels: Technology ROME: Italy was poised to hold its most important elections in a generation starting on Sunday, as financial markets warned an unclear outcome could plunge the eurozone's third economy back into crisis.Italians will cast their ballots as they grapple with the longest recession in two decades and several rounds of austerity cuts that have caused deep resentment and could favour a low turnout...
Social media aggregator Memolane to shut down
Labels: LifestyleMemolane's timeline service.(Credit:Eddie Echo/CNET)Memolane, a social media aggregator that promised trips down memory lane, announced today it is shutting down immediately and will delete users' account content tomorrow.Launched in 2010, the Web app extracted each moment users shared on popular social-networking services such as Facebook, Last.fm, Twitter, Foursquare, and others and combined them...
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