Posted inNation & World

Cheap flares blamed for Brazilian disaster

SANTA MARIA, Brazil – Penny-pinching by a band known for its onstage pyrotechnic displays may have cost more than 230 people their lives at a nightclub in southern Brazil, according to a police inspector leading the investigation into this weekend’s deadly blaze. Inspector Marcelo Arigony told reporters at a news conference Tuesday that members of […]

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Posted inBusiness

Consumer confidence plunges with rise in SS taxes

WASHINGTON – An increase in Social Security taxes is leaving Americans with less take-home pay — and a more negative outlook for the U.S. economy. The Conference Board said Tuesday that its index of consumer confidence plunged 8.1 points in January from December to 58.6. That’s the lowest reading in 14 months. Congress and the […]

Posted inLife & Culture

People & Entertainment: Wallenda again walks the walk

SARASOTA, Fla. – Famed daredevil Nik Wallenda glided 500 feet across a wire suspended 200 feet above the ground on Tuesday, wowing several thousand people below in his hometown of Sarasota. Without a tether or safety net, Wallenda was the lone figure against a blue sky, aided only by a balancing pole. He made the […]

Posted inBusiness

Briefcase

Idexx reports 16 percent rise in fourth-quarter earnings WESTBROOK – Idexx Laboratories Inc., which makes diagnostic products for veterinarians and tests for livestock and poultry, said its fourth-quarter earnings rose 16 percent. The Westbrook-based company said net income totaled $43.4 million for the last quarter of 2012. That equaled 78 cents a share, compared with $38 […]

Posted inBusiness

Stalled economy has grads defaulting on student loans

Delinquency rates on student loans made in the past two years stand at 15 percent as recent graduates struggle to find jobs, Fair Isaac Corp. said. The rate for 2010 through 2012 compares with 12.4 percent for loans made from 2005 to 2007, Fair Isaac’s FICO Labs said Tuesday. Average student-loan debt last year rose […]