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America - Air Canada Flight Makes Rough Landing in Nova Scotia

Flight 624 crash-landed at the Halifax airport early Sunday morning, causing a widespread power outage after clipping utility poles on entry. No major injuries were immediately reported.

Sunday, March 29, 2015  06:50


Business - ABN Amro IPO back in sight after executives concede on pay

By Toby Sterling AMSTERDAM (Reuters) - The Dutch government will reconsider selling off ABN Amro [ABRGPA.UL], Finance Minister Jeroen Dijsselbloem said, after senior managers agreed to give up a controversial pay rise that had stalled progress on the bank`s proposed share listing. In the face of a widespread public outcry, the managers said they would give up raises of 100,000 euros ($110,000) each, which had been approved by the supervisory board for six members of the managing board, all but Chief Executive Gerrit Zalm. Lawmakers, who must approve an initial public offering, had decried the raises as evidence that the bank`s management culture was still flawed. Thousands of bank employees had lost their jobs after the bank`s 2008 nationalization, which cost taxpayers billions of euros.

Sunday, March 29, 2015  18:34


Business - Hedge funds` $1.4 billion Porsche lawsuit faces dismissal: judge

Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE over its botched attempt to take over carmaker Volkswagen in 2008 look set to have their case dismissed, according to a German judge. `On balance it`s our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons,` Gerhard Ruf, judge at the higher regional court in Stuttgart, said on Thursday ahead of a hearing of the case. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE of camouflaging a plan to acquire Volkswagen (VW) and secretly piling up a holding in Europe`s largest automaker during 2008. In March 2008, Porsche SE dismissed talk it intended to take over VW, but seven months later revealed it controlled 74.1 percent of VW`s common stock, just short of the 75 percent takeover threshold.

Thursday, February 26, 2015  13:32


World - Missing AirAsia plane young, basic, hard-working

By Tim Hepher and Andrew Callus LONDON/PARIS (Reuters) - The AirAsia plane that went missing on Sunday is young by commercial aircraft standards. It has also worked hard and lacks real time engine diagnostics, in accordance with its role as a short-haul aircraft. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic control at 6:17 a.m. (1917 ET) after taking off from Surabaya airport in Indonesia bound for Singapore, officials said. The pilots had asked to change course to avoid bad weather. ...

Sunday, December 28, 2014  21:34


World - S. Korea 2008 Olympic champion Park banned for 18 months

South Korea`s four-time Olympic swimming medallist Park Tae-hwan was banned for 18 months by world swimming body FINA on Monday for failing a dope test. The ban for his first doping violation will run until March 2, 2016 which will in theory allow him to compete at the Rio Olympics later that year, although he will miss this year`s world championships in Kazan, Russia from July 17 to August 2. All Park`s results after September 3, 2014, have also been cancelled which means handing back his three bronze medals, which he won at last year`s Asian Games in Incheon, Korea. The positive test sent shock waves through the sport in South Korea where prosecutors last month announced charges against a doctor for giving Park an injection without disclosing it contained the banned steroid testosterone.

Monday, March 23, 2015  17:57


Business - U.S. January import prices post largest drop since 2008

WASHINGTON (Reuters) - U.S. import prices recorded their biggest drop in six years in January as prices fell broadly, a sign that domestic inflation pressures could remain muted for a while.

Friday, February 13, 2015  13:51


Business - Best party mood for oil traders since 2008 price crash

By Dmitry Zhdannikov LONDON (Reuters) - The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best market for years this week.

Sunday, February 08, 2015  13:35


Business - Oil slides, Brent slated for biggest annual drop since 2008

By Samantha Sunne NEW YORK (Reuters) - Oil prices fell on Wednesday as concerns about demand for fuel kept worries about a global supply glut intact. Both Brent and U.S. crude significantly pared losses just before government data showed U.S. crude oil inventories fell 1.8 million barrels last week, a bigger drop than analyst expectations for a 100,000-barrel dip in stocks. After initially paring more losses, crude futures pushed lower. U.S. gasoline stocks rose 3.0 million barrels and distillate stocks were up 1. ...

Wednesday, December 31, 2014  16:44


Asia-Pacific - Suspect in 2008 Mumbai Attacks Is Held in Pakistan on New Charge

A senior commander with the militant group Lashkar-e-Taiba was detained just a day after a high court said he could post bail in the Mumbai case.

Tuesday, December 30, 2014  12:29


Asia-Pacific - In 2008 Mumbai Killings, Piles of Spy Data, but an Uncompleted Puzzle

An investigation into how American, British and Indian agencies failed to pull together intelligence streams, including a plotter`s online activity, before attacks that Indians regard as their 9/11.

Monday, December 22, 2014  03:58

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