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Tug boats to reach disabled cruise ship Monday Feb 11, 2013 12:00 AM
Passengers aboard a cruise vessel stranded in the Gulf of Mexico had limited access to bathrooms, food and hot coffee on Monday as they waited for two tugboats to arrive to tow them to Mexico, Carnival Cruise Lines said in a statement.
SBA head Mills to leave Obama administration Feb 11, 2013 12:00 AM
Karen Mills is leaving her post as head of the Small Business Administration, opening yet another Cabinet-rank job for President Barack Obama to fill at the start of his second term. Obama says Mills played a leading role supporting start-up businesses and entrepreneurs.
Stock market drifts lower to start the week Feb 11, 2013 12:00 AM
U.S. stocks drifted lower in thin trading Monday, pulling the Standard & Poor's 500 index back from a five-year high. The broad-market index edged up slightly last week, enough to put it at its highest level since November 2007
Oil dips slightly as Asia observes Lunar New Year Feb 11, 2013 12:00 AM
The price of oil dipped slightly toward $95 a barrel on Monday as investors cut back on speculative positions and most Asian markets were closed for a holiday. By early afternoon in Europe, the benchmark oil contract for March delivery was down 30 cents to $95.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents on Friday.
Greece: Cuts keep budget on target, spur protests Feb 11, 2013 12:00 AM
Greece's farmers launched a campaign of daily anti-austerity highway blockades Monday, as the conservative-led government insisted deep spending cuts were helping the crisis-hit country beat budget targets. Mostly in central and northern Greece, the hour-long roadblocks started at 2:00 p.m. (1200GMT), forcing motorists to take lengthy detours or wait the protests out.
Novo Nordisk shares tumble on drug review setback Feb 11, 2013 12:00 AM
Shares of Novo Nordisk are sinking in premarket trading after the Danish drugmaker said U.S. regulators want more data before they can finish their review of two long-acting insulin drugs to treat diabetes. The company said Sunday the Food and Drug Administration requested information from a study that looks at cardiovascular health before it can finish reviewing Tresiba and Ryzodeg, which both use the insulin degludec.
Dell looks to calm shareholder concern over buyout Feb 11, 2013 12:00 AM
Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal. Dell Inc. laid out the advantages of the transaction in a regulatory filing Monday, three days after a major shareholder ridiculed the buyout as a rotten deal that undervalues the business.
Romania: Slaughterhouses did not commit fraudFeb 11, 2013 12:00 AM
Two Romanian plants believed to be the source of horse meat mislabeled as beef in supermarkets across Europe declared it properly and any fraud was committed somewhere else down the line, officials said Monday. Romania is scrambling to contain the damage from the fast-growing horse meat scandal — where the cheaper meat was substituted for beef in everything from burgers to frozen lasagna.
Dubai’s A380 concourse in full operation Feb 11, 2013 12:00 AM
Dubai's airport authorities say a purpose-build concourse for Airbus' A380 aircraft is fully open after weeks of phased-in operations. The aircraft is a double-decker that seats 525 people and is so large some airports have to be adjusted to accommodate it.
Markets steady with much of Asia shut for holidaysFeb 11, 2013 12:00 AM
Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday for the Lunar New Year holiday. Japanese markets were also shut for a public holiday. European stocks were mostly higher in early trading. Britain's FTSE 100 rose nearly 0.1 percent to 6,269.23. Germany's DAX shed 0.2 percent to 7,638.18. France's CAC-40 added 0.2 percent to 3,655.13.
Social media keeps people together during blizzard Feb 11, 2013 12:00 AM
The East Coast woke up under a blanket of snow this weekend and collectively documented the experience on the myriad social and mobile inventions of the past decade. Facebook, Twitter and other technologies make it increasingly difficult to stay isolated —even if you're stuck home alone. "The funny thing is that I actually checked my Instagram feed before I even looked out my own window," says Eric Witz, who lives in Medford, Mass.
Obama to revive populist message in Tuesday speech Feb 11, 2013 12:00 AM
Reviving his populist re-election message, President Barack Obama will press a politically-divided Congress on Tuesday to approve more tax increases and fewer spending cuts during a State of the Union address focused on stabilizing the middle class and repairing the still-wobbly economy.
Papal resignation opens door to many contenders Feb 11, 2013 12:00 AM
Pope Benedict XVI's resignation opens the door to an array of possible successors, from the conservative cardinal of Milan to a contender from Ghana and several Latin Americans. But don't count on a radical change of course for the Catholic Church: Benedict appointed the majority of cardinals who will choose his successor from within their own ranks.
The whopper of a storm didn’t rank high Feb 11, 2013 12:00 AM
The snowstorm that walloped the Northeast with about 3 feet in some places didn't add up to being that bad, federal statistics say. Two National Oceanic and Atmospheric Administration storm-rating measurements initially ranked Friday's snowstorm as 16th in Northeast history by one scale and 25th by another.
Two U.S. adoption agencies closing, citing woes abroad Feb 11, 2013 12:00 AM
The lone U.S. adoption agency accredited in Kyrgyzstan is shutting down due to financial troubles, a sudden new setback for about 15 American families battling since 2008 to complete adoptions there. At the same time, an agency in Buffalo Grove that specializes in adoptions from Russia also is closing.
Air Force Academy cadet from Tinley Park found dead Feb 11, 2013 12:00 AM
Investigators are trying to determine the cause of death of an Air Force Academy cadet who was found dead on campus. Academy officials said cadet 4th class James Walsh of Tinley Park, Ill., died Saturday night.
Army veteran receiving Medal of Honor for Afghan fight Feb 11, 2013 12:00 AM
A veteran who helped "defend the indefensible" at a vulnerable Army outpost in Afghanistan received the nation's highest award for military valor Monday at a tearful White House ceremony that also honored the eight men who did not survive a Taliban attack.
Pope’s mission to revive faith clouded by scandal Feb 11, 2013 12:00 AM
While taking the Vatican and world by surprise, Benedict XVI had laid the groundwork for the decision years ago, saying popes have the obligation to resign if they can't carry on. And to many, his decision was perfectly in keeping with a man who had dedicated his life to the church, showing his love for the institution and an acknowledgment that it needed new blood to confront the future.
Vatican: Benedict XVI too weary to remain pope Feb 11, 2013 12:00 AM
The Vatican stressed on Monday that no specific medical condition prompted Benedict's decision to become the first pontiff to resign in 600 years. Still, Benedict said his advanced age means he no longer has the necessary mental and physical strength to lead the world's more than one billion Roman Catholics.
NY Cardinal Dolan: Electing pope all new to him Feb 11, 2013 12:00 AM
New York Cardinal Timothy Dolan says electing a new pope is all new to him since he's still learning what it means to be archbishop. At a news conference Monday, Dolan quipped he was "still writing thank-you notes from when I was made a cardinal" last year.