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| Libya threatens to bomb North Korean tanker if it ships oil from rebel port Saturday, Mar 08, 2014 08:19 PM PST  By Ulf Laessing and Feras Bosalum TRIPOLI (Reuters) - Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth. The oil dispute is just one facet of the deepening turmoil in the North African OPEC member, where the government is struggling to control militias that helped topple Muammar Gaddafi in 2011 but kept their weapons and now challenge state authority. A local television station controlled by protesters showed footage of pro-autonomy rebels holding a lengthy ceremony and slaughtering a camel to celebrate their first oil shipment. The station said the ceremony took place in Es Sider. Full Story | Top |
| China February inflation tame, room for policy easing Saturday, Mar 08, 2014 07:58 PM PST  China's consumer prices rose at their slowest rate in 13 months in February as pork prices fell by their most in over a year, a sign that slowing growth rather than rising prices poses a bigger risk to the world's second-biggest economy. The consumer price index rose 2 percent in February from a year earlier, the National Bureau of Statistics said on Sunday, exactly in line with market expectations. And in an indication that China's wobbly economy is fighting substantial slack, producer prices fell for the 24th consecutive month by dropping 2 percent, slightly above forecasts for a 1.9 percent drop. The tepid price data could fuel investor worries about the health of China's economy, which drew new concerns this week after figures showed export growth slumped by nearly a fifth last month. Full Story | Top |
| Malaysia checking four names on missing flight: minister Saturday, Mar 08, 2014 07:55 PM PST KUALA LUMPUR (Reuters) - Malaysian investigators are checking the identity of four passengers on a missing Malaysia Airlines flight, but have not yet determined if the plane was downed by an attack, the country's transport minister said on Sunday "All the four names are with me," Hishamuddin Hussein, who is also defense minister, told reporters. He confirmed that Malaysian investigators had met counterparts from the U.S. FBI, and said the investigation was focusing on the entire passenger manifest. (Reporting by Eveline Danubrata; writing by Stuart Grudgings; Editing by Alex Richardson) Full Story | Top |
| Malaysian jet's disappearance among rarest of aviation disasters Saturday, Mar 08, 2014 07:34 PM PST By Niluksi Koswanage, Siva Govindasamy and Tim Hepher (Reuters) - The sudden disappearance of a Malaysia Airlines jetliner with 239 people aboard represents one of the rarest kinds of aviation disaster, and the mystery is compounded by uncertainty about which country's jurisdiction the plane came down in. But it has been more than 24 hours since the plane went missing and Malaysia Airlines said it was "fearing the worst". "Aircraft do not crash while en route like this," said Paul Hayes, Director of Safety at Flightglobal Ascend, a British-based aviation consultancy. "It is an extremely unusual event." Only one other recent disaster was similar: the loss of Air France Flight 447, which crashed in the Atlantic Ocean in 2009 en route from Rio de Janeiro to Paris. Full Story | Top |
| U.S. sends team to investigate Malaysia Airlines crash Saturday, Mar 08, 2014 07:19 PM PST (Reuters) - The U.S. National Transportation Safety Board said on Saturday it has dispatched a team to Asia to help investigate the crash of a Malaysia Airlines jet early Saturday that is presumed to have claimed 239 lives. The NTSB team is accompanied by technical advisers from the U.S. Federal Aviation Administration, the U.S. air safety regulator and Boeing Co, which made the 777-200ER jet that was lost while en route from Kuala Lumpur to Beijing. "Once the aircraft location is identified, International Civil Aviation Organization protocols will determine which country will lead the investigation," the NTSB said. Because of the travel time to Asia, the team departed from the United States on Saturday night so it could be in place to assist without delay, the NTSB said. Full Story | Top |
| Malaysia probing two more passengers on missing flight: source Saturday, Mar 08, 2014 07:07 PM PST Malaysian authorities are investigating the identities of at least two other passengers on a missing Malaysia Airlines flight, in addition to two who were found to be using stolen passports, a security official said. Investigators were verifying the identities with the relevant embassies in Malaysia, said the official, who has knowledge of the investigation and declined to be identified. The passengers being checked had all bought their tickets through China Southern Airlines, the official said. Full Story | Top |
| Twenty employees of U.S. chipmaker among passengers on Malaysian flight Saturday, Mar 08, 2014 07:04 PM PST Twenty employees of U.S. chipmaker Freescale Semiconductor were passengers on a Malaysia Airlines flight presumed to have crashed off the Vietnamese coast, according to a company statement on Saturday. The employees, among 239 people on the plane, included engineers and manufacturing staff, many of whom travel regularly between company facilities in Tianjin, China, and Kuala Lumpur, a company source said. None of Austin, Texas-based Freescale's most senior executives were on board Boeing Co's 777-200ER, which vanished from radar screens about an hour after it took off from Kuala Lumpur for Beijing. Full Story | Top |
| China tests anti-smog drone aircraft Saturday, Mar 08, 2014 07:01 PM PST SHANGHAI (Reuters) - China tested a domestically-produced drone aircraft designed to disperse smog on Saturday, official media reported, in an important step for the country's domestic aviation industry. At the opening of an annual parliament meeting last week, Chinese Premier Li Keqiang said that China will "declare war on pollution. Almost all Chinese cities monitored for pollution last year failed to meet state standards. ... Full Story | Top |
| Malaysia Airlines says 'fearing the worst' for missing jet Saturday, Mar 08, 2014 06:17 PM PST Malaysia Airlines said on Sunday it now feared the worst for its missing plane carrying 239 people, more than a day after it went missing, and was working with a U.S. company that specializes in disaster recovery. "In fearing for the worst, a disaster recovery management specialist from Atlanta, USA will be assisting Malaysia Airlines in this crucial time," the airline said in a statement. Full Story | Top |
| Obama to expand national monument on California coast: White House Saturday, Mar 08, 2014 05:39 PM PST President Barack Obama will expand a national monument in California this week to add about 1,665 acres of Pacific shoreline, the White House said on Saturday. Obama on Tuesday will add the federally owned Point Arena-Stornetta Public Lands to the California Coastal National Monument, about 100 miles north of San Francisco, said a White House official who declined to be named. President Bill Clinton established the California Coastal National Monument in 2000 to protect coastal resources. Full Story | Top |
| Malaysian plane presumed crashed; questions over false IDs Saturday, Mar 08, 2014 05:07 PM PST  By Anuradha Raghu and Nguyen Phuong Linh KUALA LUMPUR/HO CHI MINH CITY (Reuters) - A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities. There were no reports of bad weather and no sign of why the Boeing 777-200ER would have vanished from radar screens about an hour after it took off from Kuala Lumpur for Beijing. "We are not ruling out any possibilities," Malaysia Airlines CEO Ahmad Jauhari Yahya told a news conference. But the passenger manifest issued by the airline included the names of two Europeans - Austrian Christian Kozel and Italian Luigi Maraldi - who, according to their foreign ministries, were not in fact on the plane. Full Story | Top |
| LSD-laced steak sickened Florida family: medical examiner Saturday, Mar 08, 2014 01:56 PM PST  A blue balloon announcing "Baby Boy" fluttered on Saturday outside the home where the family has since returned after Jessica Rosado, who was nine months pregnant when she arrived at the hospital near her home in Tampa, gave birth after having labor induced. Rosado, her partner Ronnie Morales and her two young daughters fell ill on Monday evening after eating some bottom round steak bought from a local Wal-Mart, according to the Tampa Police Department. Full Story | Top |
| AT&T cuts wireless data charges for individual customers Saturday, Mar 08, 2014 11:16 AM PST  (Reuters) - AT&T Inc said on Saturday it is cutting wireless data charges for individual customers who have no annual service contract, as the No. 2 U.S. mobile operator attempts to better compete with rival T-Mobile US Inc. Customers having one smartphone with no annual service contract will now pay $65 per month instead of $80 for a plan that includes 2GB LTE wireless data, unlimited talk and text messaging, unlimited international messaging and 50 GB cloud storage. The latest plan follows price cuts AT&T announced last month for families and customers who share large data plans, as well as its offer of a $200 credit to customers who switch to its network. AT&T has been fiercely competing with smaller rival T-Mobile U.S. after T-Mobile spent several quarters directly marketing to AT&T customers. Full Story | Top |
| Mother of Italian listed on Malaysia plane says passport stolen Saturday, Mar 08, 2014 10:48 AM PST  The mother of an Italian falsely listed as a passenger on a missing Malaysia Airlines flight said her son's passport had been lost, presumed stolen, in Phuket in 2013. "He lost his passport in Thailand, and he reported it to the authorities... Maybe the one who stole it came to a bad end, we don't know, they have to investigate," Renata Lucchi, the mother of 37-year-old Luigi Maraldi, told Reuters. An Austrian man falsely listed as a passenger had also had his passport stolen. Full Story | Top |
| JP Morgan Chase's sale of private equity arm stalls Saturday, Mar 08, 2014 10:31 AM PST  By Chris Witkowsky NEW YORK, March 8 (Reuters-peHUB) - The auction of JP Morgan Chase's private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation. A spokesperson for JP Morgan Chase declined to comment. The bank announced last July it was spinning off One Equity, its last remaining private equity operation, because the unit was not core. JP Morgan Chase was not under regulatory pressure to sell: One Equity would not be affected by the Dodd-Frank financial reform law, which restricts the ability of bank holding companies to own and operate private equity groups, sister news service Reuters reported last year. Full Story | Top |
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