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Despite all the nice talk, partisanship reigns- Partisanship is reaching new heights in Washington, even as President Barack Obama makes almost daily pleas to get along. He's scheduled a bipartisan health care summit, and just Tuesday he hosted GOP leaders at the White House for the first time in two months.
Iran boosts nuclear enrichment, drawing warnings- Iranian nuclear technicians set dozens of centrifuges spinning Tuesday to begin enriching uranium stocks to a significantly higher level, prompting President Barack Obama to warn of a "significant regime of sanctions."
Toyota seeks damage control, in public and private- In public, Toyota is running apologetic TV ads and vowing to win back customers' trust. Behind the scenes, the besieged carmaker is trying to learn all it can about congressional investigations, maybe even steer them if it can.
US poised to seize Afghan town as Taliban dig in- U.S. and Afghan forces pushed Tuesday to the edge of the southern Afghan town of Marjah, poised to seize the major Taliban supply and drug-smuggling stronghold in hopes of building public support by providing aid and services once the insurgents are gone.
Murtha's death sets stage for marquee House race- Democrats have long dominated the late Rep. John Murtha's district in western Pennsylvania, but Republicans have made inroads in recent years that could help them win back the seat - and some longtime Murtha supporters say they're open to voting for a GOP candidate.
Relatives in eastern Cuba say woman has turned 125- Relatives in eastern Cuba claim to have held a 125th birthday party for a woman named Juana Bautista de la Candelaria Rodriguez, but it is not clear if she is really that old.
Kerrigan family disputes autopsy report on father- The family of Olympic skater Nancy Kerrigan insisted Tuesday that they do "not blame anyone" for her father's death and criticized a medical examiner's finding that Daniel Kerrigan died of a heart rhythm problem after a fight with his son.
DeGeneres says Cowell is 'meaner than I thought'- Ellen DeGeneres, the newest judge on "American Idol," says Simon Cowell is "meaner" than she thought. Cowell, Randy Jackson, Kara DioGuardi and various guest judges kicked off the ninth season of the Fox singing competition last month. DeGeneres begins her stint Tuesday night.
- A Roanoke man claims sheriff's deputies beat him in the city jail because of his burping. Thomas Scott Vandegrift made the allegations in a federal lawsuit filed last week against several deputies, the city, the sheriff's office and the sheriff. According to the lawsuit, the deputies were annoyed by Vandegrift's burping, which was caused by acid reflux.
Standard Pacific Corp. Announces Preliminary Discussions with TOUSA, Inc.
IRVINE, Calif.
(Map)
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"Although the homebuilding industry is experiencing challenges at this time, we believe that there may be attractive land and corporate opportunities worth considering. We continuously review acquisition and other strategic opportunities which could enhance value for our stockholders. To this end, the Company is engaged in preliminary discussions and the exchange of information with TOUSA, Inc. regarding a possible transaction. There can be no assurances that any transaction will occur, or as to the timing, structure or terms of any transaction. That said, the Company does not anticipate having any further comment unless and until a definitive agreement for a transaction is reached."
Standard Pacific Corp., one of the nation's largest homebuilders, has
built homes for more than 103,000 families during its 42-year history. The
Company constructs homes within a wide range of price and size targeting a
broad range of homebuyers. Standard Pacific operates in many of the largest
housing markets in the country with operations in major metropolitan areas in
This news release contains forward-looking statements. These statements include but are not limited to statements regarding: our consideration of potential acquisitions and other strategic opportunities, including a potential transaction with TOUSA, Inc. There can be no assurances that any transaction will occur, or as to the timing, structure or terms of any transaction. Forward-looking statements are based on our current expectations or beliefs regarding future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors many of which are out of the Company's control and difficult to forecast that may cause actual results to differ materially from those that may be described or implied.
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