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| Greeks split on reforms, public sector job cuts - poll Saturday, Jul 13, 2013 12:40 PM PDT ATHENS (Reuters) - Greeks are split down the middle on whether public sector job cuts demanded by the country's international lenders for continued bailout funding are necessary and most remain downbeat on the economy's prospects, an opinion poll showed on Saturday. Greek municipal workers have taken to the streets against government plans to cut thousands of public-sector jobs, measures included in a multi-pronged bill to be voted on in parliament next week as a condition for more payments of aid. ... Full Story | Top |
| Bell tolls 50 times for Quebec dead in train disaster Saturday, Jul 13, 2013 11:51 AM PDT  By Phil Wahba LAC-MEGANTIC, Quebec (Reuters) - A week after the heart of the Quebec village of Lac-Megantic was devastated in a fireball in one of the worst train accidents in Canadian history, the St. Agnes church bell rang 50 times on Saturday, once for each person believed to have perished. Eight seconds intervened between each bell, then a minute of silence, after which 12 white doves were released from the steps of the 92-year-old church in an emotional midday ceremony. A group of mourners held hands to form a long human chain, couples embraced and many cried quietly, all heads down. ... Full Story | Top |
| No evidence Dreamliner fire linked to batteries - AAIB Saturday, Jul 13, 2013 11:44 AM PDT  By Estelle Shirbon LONDON (Reuters) - Investigators have found no evidence of a link between a fire that broke out on a Boeing 787 Dreamliner parked at London's Heathrow airport and the plane's batteries, Air Accidents Investigation Branch (AAIB) said on Saturday. The question of whether the fire was connected to the batteries is crucial because the entire global fleet of Dreamliners, Boeing's groundbreaking new flagship jet, was grounded for three months this year due to battery-related problems. ... Full Story | Top |
| Sailing-America's Cup boats to meet at start line after snags cleared Saturday, Jul 13, 2013 11:30 AM PDT By Noel Randewich SAN FRANCISCO (Reuters) - Emirates Team New Zealand and Italy's Luna Rossa Challenge match up their high-tech sailboats on San Francisco Bay on Saturday in the first real race of the 34th America's Cup, which in recent days looked like it might never come off. True competition has been held up by a series of mishaps, including the tragic death of one sailor and a dispute over boat design that threatened to derail the entire event before being resolved by an America's Cup jury this week. ... Full Story | Top |
| Greece picks Eurobank to buy Postbank ahead of mid-July deadline Saturday, Jul 13, 2013 11:07 AM PDT  By George Georgiopoulos ATHENS (Reuters) - Greece's bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche Greece's bailout, it said after a board meeting on Saturday. Athens agreed with its euro zone and International Monetary Fund backers to sell Postbank (TT) and Proton Bank by July 15 as a condition for the release of more funds from the 240 billion-euro rescue keeping Greece afloat. ... Full Story | Top |
| "Minor technical issue" on Dreamliner now fixed -Thomson Airways Saturday, Jul 13, 2013 10:27 AM PDT LONDON (Reuters) - Britain's Thomson Airways said on Saturday that it had replaced a small number of components on a Boeing Dreamliner that had to turn back during a flight on Friday and the aircraft had been fully tested and would fly again on Sunday morning. A spokeswoman for the airline said the aircraft, which had turned back as a precautionary measure during a flight from Manchester in northwest England to Sanford in Florida, had suffered a "minor technical issue". ... Full Story | Top |
| No evidence of link between Dreamliner fire and batteries: AAIB Saturday, Jul 13, 2013 10:20 AM PDT  LONDON (Reuters) - There is no evidence at this stage that a fire that broke out on a Boeing Dreamliner at London's Heathrow Airport on Friday was linked to the aircraft's batteries, Britain's Air Accident Investigation Branch (AAIB) said on Saturday. "There has been extensive heat damage in the upper portion of the rear fuselage, a complex part of the aircraft, and the initial investigation is likely to take several days," the AAIB said in a statement. ... Full Story | Top |
| Bug bombs cause partial collapse of New York city building Saturday, Jul 13, 2013 10:04 AM PDT By Jonathan Allen NEW YORK (Reuters) - A woman attempting to deploy nearly two dozen bug bombs inside her small New York City apartment caused a "partial collapse" of the five-story building, injuring 14 people, the fire department said on Saturday. Fire marshals said the woman told them she set off 20 bug bombs, also known as foggers, without incident on Wednesday inside her Chinatown apartment. ... Full Story | Top |
| Kloeckner & Co gives up hope of breaking even in 2013: paper Saturday, Jul 13, 2013 08:21 AM PDT FRANKFURT (Reuters) - German steel distributor Kloeckner & Co has given up hope of breaking even this year as demand for steel remains low, its chief financial officer told a German newspaper. "To reach a positive pretax result (in 2013) we would need a very strong second half of the year. And that is not in sight," Marcus Ketter told Boersen-Zeitung. He added however that Kloeckner & Co would return to profit in 2014 as restructuring efforts started to bear fruit. Ketter also said he did not expect steel prices in Europe to fall any further. ... Full Story | Top |
| Track fault may have caused French train crash: SNCF Saturday, Jul 13, 2013 07:57 AM PDT  By Pauline Ades-Mevel and Clotaire Achi BRETIGNY-SUR-ORGE, France (Reuters) - The train derailment that killed at least six people in central France on Friday may have been caused by a loose steel plate at a junction, French train operator SNCF said. The steel plate, which should have remained bolted onto the track, moved to "the middle of the track junction", preventing the rolling stock from passing through, Pierre Izard, head of infrastructure services at SNCF, said on Saturday. ... Full Story | Top |
| Eighteen killed in Moscow bus crash Saturday, Jul 13, 2013 06:51 AM PDT  MOSCOW (Reuters) - Eighteen people were killed and 25 injured when a truck ploughed into a bus in a Moscow suburb on Saturday, according to the Russian emergency ministry. An eyewitness video of the crash, broadcast on state television, showed the green and white passenger bus's windows shattering as it split in half, forcing other vehicles on the road to swerve wildly out of its way. Death rates from Russian road accidents are higher than in most Western countries, and lawmakers are moving to toughen drunk-driving penalties. ... Full Story | Top |
| Italian court upholds release of Nomura assets: sources Saturday, Jul 13, 2013 06:28 AM PDT  By Silvia Ognibene SIENA (Reuters) - An Italian appeals court in Siena upheld an earlier ruling that Japanese investment bank Nomura did not made wrongful gains in a derivative deal with Tuscan lender Monte dei Paschi , legal sources said on Saturday. The ruling confirms the release of 1.8 billion euros ($2.35 billion) of Nomura assets that had been seized in mid-April when prosecutors alleged that the Japanese bank had mishandled the so-called "Alexandria" derivative contract. ... Full Story | Top |
| Spitzer: Who's afraid of the 'Sheriff of Wall Street'? Saturday, Jul 13, 2013 06:02 AM PDT  By Edward Krudy NEW YORK (Reuters) - If elected New York City comptroller, Eliot Spitzer has vowed to wield power as aggressively as he did as state attorney general, leading some in the financial community to worry that the "Sheriff of Wall Street" might be back. Both Spitzer and his critics, though, may be over-estimating the impact that the comptroller of New York can have beyond matters of budgeting and contracting. No one questions Spitzer's ambition or his ability to use his powers to the max. ... Full Story | Top |
| Dislodged steel piece on track could explain train crash: SNCF Saturday, Jul 13, 2013 05:52 AM PDT  PARIS (Reuters) - A dislodged steel piece joining two tracks at the junction could explain the derailment of a train that killed at least six people late on Friday, French train operator SNCF said. Pierre Izard, head of infrastructure services at SNCF, said on Saturday the piece which was bolted on to the track had moved to "the middle of the track junction," preventing the rolling stock from passing through. SNCF pledged to check the state of some 5,000 similar junctions throughout the French rail network. (Reporting by Yann Le Guernigou and Astrid Wendlandt Editing by Jeremy Gaunt.) Full Story | Top |
| Gulf Keystone recommends voting against M&G nominees Saturday, Jul 13, 2013 05:46 AM PDT LONDON (Reuters) - Oil exploration firm Gulf Keystone said its board would recommend that shareholders vote against four proposed directors backed by M&G Recovery Fund, an activist shareholder which has criticized governance and "excessive" executive pay at the firm. Gulf Keystone said on Saturday senior board members had met M&G representatives on Friday and interviewed three out of the four nominees during the week, and had concluded that the candidates did not have the right experience. ... Full Story | Top |
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