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| Malaysia Airlines says last contact with missing plane over South China Sea Friday, Mar 07, 2014 07:49 PM PST KUALA LUMPUR (Reuters) - A missing Malaysia Airlines flight carrying 227 passengers and 12 crew last had contact with air traffic controllers 120 nautical miles off the east coast of the Malaysian town of Kota Bharu, the airline said on Saturday. Malaysian and Vietnamese authorities were working jointly on search operations in the area and the airline could not yet confirm the plane had crashed, Malaysia Airlines chief executive Ahmad Jauhari Yahya said in a statement read to a news conference. Flight MH 370 operating a Boeing B777-200 aircraft departed Kuala Lumpur at 12.21 a.m. ... Full Story | Top |
| No signal picked up from missing Malaysia Airlines plane: Vietnam official Friday, Mar 07, 2014 07:49 PM PST No signal had been picked up from a Malaysia Airlines Boeing B777-200 aircraft flight carrying 239 passengers and crew from Kuala Lumpur to Beijing, a Vietnamese rescue official said on Saturday. "We have been seeking but no signal from the plane yet," Pham Hien, director of a Vietnam maritime search and rescue coordination center in Vung Tau, told Reuters by telephone. Full Story | Top |
| Boeing reports wing cracks on 787 Dreamliners in production Friday, Mar 07, 2014 07:36 PM PST  By Alwyn Scott and Tim Hepher NEW YORK (Reuters) - Boeing Co said on Friday that "hairline cracks" had been discovered in the wings of about 40 787 Dreamliners that are in production, marking another setback for the company's newest jet. The cracks have not been found on planes that are in use by airlines and therefore pose no safety risk, Boeing said, adding the problem also will not alter Boeing's plans to deliver 110 787s this year. However, Boeing said the cracks, which also occurred on the larger 787-9 model currently undergoing flight tests, could delay by a few weeks the date when airlines can take delivery of their new planes. The disclosure raised questions about repair costs and a possible minor increase in the weight of the plane, but did not seem to spell major trouble for Boeing, industry experts said. Full Story | Top |
| Malaysia Airlines loses contact with plane carrying 239 people Friday, Mar 07, 2014 07:34 PM PST  By Stuart Grudgings KUALA LUMPUR (Reuters) - A Malaysia Airlines flight carrying 227 passengers and 12 crew from Kuala Lumpur to Beijing lost contact with air traffic controllers early on Saturday, the airline said in a statement, the plane likely missing in Vietnamese airspace. Flight MH370, operating a Boeing B777-200 aircraft left Kuala Lumpur at 12.21 a.m. (11.21 a.m. ET Friday) and had been expected to land in the Chinese capital at 6.30 a.m. (5.30 p.m. ET) the same day. "We deeply regret that we have lost all contacts with flight MH370," Malaysia Airlines Chief Executive Ahmad Jauhari Yahya said in a statement. "Malaysia Airlines is currently working with the authorities who have activated their search-and-rescue teams to locate the aircraft," it said. Full Story | Top |
| California bill seeks to curb sexually explicit Internet bullying by teens Friday, Mar 07, 2014 07:02 PM PST  By Laila Kearney SARATOGA, California (Reuters) - Teenagers who share sexually explicit images of others on the Internet to harass them could soon face tougher punishment under California legislation proposed on Friday, spurred by the suicide of a teen after images of her sexual assault were circulated to other students. The new bill, dubbed Audrie's Law after 15-year-old Audrie Pott, who killed herself in Los Altos in September 2012, is the latest effort by lawmakers in California and other states to curb online cruelty that has been blamed for a number of teen suicides. The law would make it a crime for juveniles, those under age 18, to take or distribute images of a sexual nature of a minor with the intent to harass, shame or intimidate the person, said Santa Clara District Attorney Jeff Rosen, who helped draft the legislation. The proposed law would also allow juveniles to be tried as adults if they are accused of sexually assaulting an intoxicated, developmentally disabled or otherwise incapacitated person. Full Story | Top |
| Ranbaxy recalls over 64,000 bottles of generic Lipitor in U.S Friday, Mar 07, 2014 06:52 PM PST (Reuters) - Indian drug maker Ranbaxy Laboratories Ltd has recalled more than 64,000 bottles of the generic versions of its cholesterol-lowering drug in the United States due to reports of a dose mix-up, U.S. regulators said. Ranbaxy recalled tablets of atorvastatin calcium, the generic name for Lipitor's active ingredient, after a pharmacist found a 20-milligram tablet in a sealed bottle marked for 10-milligram tablets, the U.S. Food and Drug Administration (FDA) said on its website. The FDA declared a Class II recall, which signifies a remote chance of severe adverse consequences or death due to the product flaw. Ranbaxy could not be reached for comment outside of India's business hours. Full Story | Top |
| Mexico telecoms regulator reins in Slim and his empire Friday, Mar 07, 2014 06:30 PM PST  By Tomas Sarmiento and Christine Murray MEXICO CITY (Reuters) - Mexico's telecommunications watchdog on Friday slapped regulations on Carlos Slim's telephone company America Movil and two of his financial and industrial companies, as it seeks to rein in the multi-billionaire and boost competition. Mexico is trying to open up its phone and TV industries following the passage last year of wide-ranging telecoms reform meant to claw back the vast market shares enjoyed by Mexico's media players. America Movil controls about 80 percent of Mexico's fixed-line business via its Telmex unit and some 70 percent of the mobile sector through its Telcel unit. As was widely expected, the Federal Telecommunications Institute (IFT) declared America Movil "dominant," meaning it has an outsized share of the market. Full Story | Top |
| China helping locate missing Malaysia Airlines plane: TV Friday, Mar 07, 2014 05:46 PM PST BEIJING (Reuters) - China is helping locate a Malaysia Airlines aircraft which has gone missing on a flight from Kuala Lumpur to Beijing, Chinese state television said on one of its official microblogs. (Reporting by Ben Blanchard) Full Story | Top |
| China not received reports of crashed plane in Chinese waters: TV Friday, Mar 07, 2014 05:44 PM PST By Ben Blanchard BEIJING (Reuters) - China has not at present received reports of any crashed plane in Chinese waters, state television said on one of its official microblogs, after a Malaysian Airlines flight from Kuala Lumpur to Beijing was reported missing. (Reporting by Ben Blanchard) Full Story | Top |
| California bill would ban orca shows, captive breeding Friday, Mar 07, 2014 05:27 PM PST By Dana Feldman SANTA MONICA, California (Reuters) - A California lawmaker introduced a bill on Friday to ban live performances and captive breeding of killer whales in the state, a measure that would force the SeaWorld San Diego marine theme park to end is popular "Shamu" shows. The measure was introduced by state Assemblyman Richard Bloom, who told a news conference his interest in the issue was sparked by last year's documentary "Blackfish," dealing with the treatment of killer whales at SeaWorld parks. The film, which SeaWorld has criticized as a misleading, inaccurate piece of animal rights propaganda, explores circumstances leading to the 2010 death of a top SeaWorld trainer, Dawn Brancheau, who was pulled underwater and drowned by an orca she had worked and performed with in Florida. Full Story | Top |
| Radar contact lost with Malaysian flight in Vietnam airspace: Xinhua Friday, Mar 07, 2014 05:22 PM PST BEIJING (Reuters) - Radar contact with a Malaysian Airlines aircraft that has gone missing on a flight from Kuala Lumpur to Beijing was lost in airspace controlled by Vietnam in the early hours of Saturday morning, China's Xinhua news agency said. The aircraft did not enter airspace controlled by China and did not make contact with Chinese controllers, Xinhua added, in a report on one of its official microblogs. (Reporting by Ben Blanchard) Full Story | Top |
| British budget forecasts blurred by tax clampdown benefits Friday, Mar 07, 2014 04:01 PM PST Britain's budget forecasts are in danger of becoming too reliant on hard-to-predict windfalls from the fight against tax avoidance, lawmakers said on Saturday. The government has projected that by tightening its rules to reduce legal tax avoidance the state could net 6.8 billion pounds in new revenue over the next six years. That has made it a significant part of plans to cut the country's budget deficit. Full Story | Top |
| Ex-Jefferies trader convicted of fraud in U.S. bond probe Friday, Mar 07, 2014 03:41 PM PST  By Richard Weizel NEW HAVEN, Connecticut (Reuters) - A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. Litvak, 39, was convicted on all 15 counts he faced, including 10 of securities fraud. He faced up to 20 years in prison on each securities fraud count. Prosecutors accused Litvak of cheating clients out of more than $2 million between 2009 and 2011 by inflating bond prices, lying about how much Jefferies paid for them and inventing sellers. Full Story | Top |
| Ted Turner rushed to clinic in Argentina with appendicitis: media Friday, Mar 07, 2014 03:38 PM PST  By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) - Philanthropist and former media tycoon Ted Turner was rushed to hospital on Friday in Argentina's Patagonia region before flying to Buenos Aires for appendicitis surgery, local media said. After being seen by doctors at the San Carlos clinic in the lakeside city of Bariloche, near an area where Turner owns property, the 75-year-old founder of cable TV network CNN was flown to the Argentine capital for treatment. He then took a jet to Buenos Aires to be treated at the Argentine Institute for Diagnosis and Treatment in the upscale neighborhood of Barrio Norte. Turner spokesman Phillip Evans said in a statement that his boss was admitted to a hospital for observation while traveling in South America. Full Story | Top |
| Fight over tobacco settlement money could cost Pennsylvania millions Friday, Mar 07, 2014 03:32 PM PST By Daniel Kelley PHILADELPHIA (Reuters) - Lawyers for the state of Pennsylvania asked a judge on Friday to throw out an arbitration ruling that could cost the state hundreds of millions of dollars from the landmark 1998 settlement with the nation's tobacco companies. Under the settlement, the nation's four largest tobacco companies promised to pay nearly $200 billion over 25 years to 46 states to settle lawsuits that claimed cigarette-related public health costs. A September 2013 arbitration ruling found that six states - including Pennsylvania - failed to "diligently enforce" that law in 2003. As a consequence, those states could lose some of their share of the tobacco settlement fund. Full Story | Top |
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