School workers will split millions
School workers will split millions
BALTIMORE (AP) — Some lottery players might fantasize about resigning from the rat race in a spectacular way if they win.
An anonymous trio of Maryland educators who will split a share of the record $656 million Mega Millions jackpot say they’re staying on the job for the children.
Maryland lottery officials said Tuesday that the state’s winning ticket was held by two women and a man calling themselves “The Three Amigos.”
They are a special education teacher, an elementary school teacher and a school administrator who all worked multiple jobs to make ends meet.
“If it can’t be you, these people are precisely the people you would want to see win,” Maryland Lottery Director Stephen Martino said.
Each will collect about $35 million after taxes. Martino said they planned to buy new homes, travel to Europe and help their own children pay for college, but they couldn’t stand to leave their schools.
“They were so clearly committed to their kids,” he said of the teachers. “They both said, ‘Yes, I can’t give up my kids.’”
Dow hit by worst
loss of the year
NEW YORK (AP) — The stock market suffered its worst loss of the year Tuesday because of uncertainty about coming corporate earnings reports and concerns that the borrowing costs of Spain are creeping close to a crisis level.
The decline extended the longest and deepest slump of the year for Wall Street to five days. More than half the first-quarter gain of the Dow Jones industrial average has been wiped out, and more than a third for the Standard & Poor’s 500.
The Dow fell 213.66 points, its third triple-digit loss in four days. It closed at 12,715.93, its lowest since Feb. 2.
The dollar and U.S. Treasury prices rose as investors shifted money into lower-risk investments. The yield on the benchmark 10-year Treasury note fell for the fifth straight day and dropped below 2 percent for the first time in a month.
Santorum drops out of GOP race
GETTYSBURG, Pa. (AP) — Rick Santorum cleared the way for Mitt Romney to claim victory in the long and hard-fought battle for the Republican presidential nomination Tuesday, giving up his “against all odds” campaign as Romney’s tenacious conservative rival.
Santorum’s withdrawal sets up what is sure to be an acrimonious seven-month fight for the presidency between Romney, the former Massachusetts governor, and Democratic President Barack Obama, with the certain focus on the still-troubled economy.
In a preview of the personal attacks that lie ahead, Obama’s campaign manager declared that Americans neither like nor trust Romney, and the Romney camp said the fight had always been about defeating Obama, not GOP rivals.
“We are going to continue to go out there and fight to make sure that we defeat President Barack Obama,” Santorum said.
Nike and Reebok settle Tebow fight
NEW YORK (AP) — Running for a loss, Reebok has scrapped its effort to sell New York Jets Tim Tebow apparel, agreeing to rid stores of thousands of jerseys and T-shirts it stamped with the quarterback’s name after he was traded from the Denver Broncos to the Jets last month.
The terms of a settlement with Nike were disclosed Tuesday in papers filed in U.S. District Court in Manhattan that had been signed a day earlier. It was not clear if any money changed hands.