With record highs in sight, stocks face roadblocks
NEW YORK (Reuters) – If Wall Street needs to climb a wall of worry, it will have plenty of opportunity this week. Major U.S. stock indexes will make another attempt at reaching all-time records, but the fitful pace that has dominated trading is likely to continue. This Friday’s unemployment report and the hefty spending cuts that have officially taken effect will be at the forefront. The importance of whether equities can reach and sustain those highs is more than Wall Street’s usual fixation on numbers with psychological significance. …
http://news.yahoo.com/record-highs-sight-stocks-face-roadblocks-182242383–sector.html
UBS lays off 35 senior bankers in the Americas
NEW YORK (Reuters) – UBS AG cut roughly a third of its Americas investment banking and capital markets group this week, including 35 senior managing directors, three sources close to the matter said.
http://feeds.reuters.com/~r/reuters/businessNews/~3/67EpclHuBAI/us-ubs-cuts-idUSBRE92014O20130301
Naked sunbathing outlawed on Fire Island’s longtime nude beaches
NEW YORK (Reuters) – Tanlines are here to stay on Fire Island, where New York State law prohibiting naked sunbathing will be enforced on longtime nude beaches that were stripped of their protective dunes by Superstorm Sandy.
http://feeds.reuters.com/~r/Reuters/domesticNews/~3/jvt9FCRrCI8/us-usa-nude-newyork-idUSBRE91Q15O20130227
Fitch says spending cuts would not prompt ratings action
NEW YORK (Reuters) – Fitch Ratings on Wednesday said implementation of automatic U.S. government spending cuts due March 1, along with a government shutdown, would not prompt a negative rating action.
http://feeds.reuters.com/~r/reuters/businessNews/~3/2HgmbvTEbdw/us-usa-fiscal-fitch-idUSBRE91Q0OB20130227