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World - Upbeat European data prompts stock market turnaround

LONDON (AP) European shares rebounded from early losses on Wednesday as a monthly survey showed factory output at a 10-month high in March. U.S. markets were poised for modest losses at the open after slightly weaker than anticipated U.S. jobs data.

Wednesday, April 01, 2015  13:49


Most Recent - 10 best U.S. beaches for families 2015

Wednesday, April 01, 2015  11:58


World - Lufthansa says Germanwings co-pilot had `severe depression`

The co-pilot suspected of deliberately crashing a Germanwings plane told his bosses he had suffered from severe depression, Lufthansa has revealed, as the airlines` chief executives announced plans to visit the crash site on Wednesday. Lufthansa, which owns Germanwings, said 27-year-old Andreas Lubitz had told the airline in 2009 about his illness after interrupting his flight training. The parent company said it had handed additional information, especially medical and training documents, to prosecutors in the western German city of Duesseldorf after `further internal investigations`. The airline had before now only said that Lubitz had interrupted his training for several months six years ago, but Lufthansa chief Carsten Spohr had not provided an explanation as to why he did so.

Wednesday, April 01, 2015  07:12


Business - Ex-Goldman programmer faces second U.S. trial on code theft charges

By Brendan Pierson NEW YORK (Reuters) - A former Goldman Sachs Group Inc computer programmer charged with stealing code from the investment bank is scheduled to go on trial on Wednesday, the second time in five years he will be in front of a jury for essentially the same accusations. The trial for Sergey Aleynikov, 45, is scheduled to take place in Manhattan state court over a 2009 episode in which Goldman says he stole the computer code as he prepared to leave for a high-frequency trading startup. Aleynikov went to prison after his first trial, when a jury in federal court convicted him of violating a corporate espionage law. An appeals court threw out the conviction, saying the anti-espionage law did not apply and setting him free after about a year.

Wednesday, April 01, 2015  06:18


Europe - Lufthansa Says Germanwings Pilot Reported Deep Depression

The company said Andreas Lubitz, thought to have intentionally crashed a Germanwings flight, had informed it of his depressive episodes in 2009 after a break in training.

Wednesday, April 01, 2015  02:24


World - Rockslide at Myanmar jade mine kills nine, around 20 missing

A rockslide at a jade mine in northern Myanmar killed at least nine miners, and rescuers were searching for around 20 others, state media reported on Wednesday, two days after the accident. Accidents are frequent in Hpakant and victims are often `handpickers` -- independent miners who find jade fragments by combing through unstable mountains of rubble dumped by mining companies. Hpakant is the largest source of Myanmar jade, which netted $3.4 billion in sales at the annual gems emporium last October, according to The Irrawaddy, a Myanmar-focused website and magazine, which cited an official from the Mines Ministry.

Wednesday, April 01, 2015  10:31


World - Nepal doctors stay away from work to support colleague

KATHMANDU, Nepal (AP) Thousands of doctors in Nepal have stayed away from their work at clinics and hospitals to support a colleague who has been on a hunger strike for the past 10 days demanding reforms in medical education and services.

Wednesday, April 01, 2015  11:58


Business - Japan`s Sony Corp. halves stake in Olympus

Japan`s Sony Corp has halved its stake in camera and endoscope maker Olympus Corp and is no longer its top shareholder, according to Olympus. Sony now owns 5 percent of Olympus shares compared to 10 percent as of end-September 2014, Olympus said in a statement. Sony bought shares in Olympus in 2012, providing it with cash to fix its depleted finances after an accounting scandal forced it to restate several years of earnings.

Wednesday, April 01, 2015  10:31


Business - Microsoft previews new Music and Video apps for Windows 10

Microsoft admits its upcoming Music and Video apps for PC, which both drop the Xbox branding, aren`t polished enough to replace current ones just yet. But if you`re already testing Windows 10 through Technical ...

Wednesday, April 01, 2015  10:08


World - Hard money, soft standards? Tough questions for China`s new bank

China scored a diplomatic coup by enticing almost 50 countries including key US allies to join its new development bank, but analysts say authoritarian Beijing now faces a daunting task managing a multilateral institution for the first time, with members ranging from the Netherlands to Nepal. By Tuesday`s deadline to seek founding membership of the $50 billion Asian Infrastructure Investment Bank (AIIB) a total of 48 countries and Taiwan had applied, the finance ministry and governments said. They include four of the five permanent members of the United Nations Security Council, 16 out of 34 members of the Organisation for Economic Co-operation and Development (OECD) and all 10 members of the Association of Southeast Asian Nations (ASEAN). Conspicuous by their absence are the United States and Japan.

Wednesday, April 01, 2015  08:22

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