NEW YORK, N.Y. – While American Airlines and US Airways announced plans to merge Thursday, it will be several months -- if not years -- before passengers see any significant impact.
American Airlines, US Airways announce they'll merge, create world's biggest airline
DALLAS – American Airlines and US Airways have agreed to merge in an $11 billion deal that would create the world’s biggest airline.
Pistorius lived out dream by running at Olympics
LONDON (AP) -- Only six months ago, Oscar Pistorius was running circles around the track at the Olympic Stadium, a shining example of what a person can achieve in the face of adversity as he competed at the London Games despite losing both of his legs when he was a baby. Israeli lawyer sheds some light on Australian spy mystery
JERUSALEM/CANBERRA (Reuters) – An Australian immigrant, reported to have been recruited by Israel's Mossad spy agency, was charged with grave crimes before he committed su icide in an Israeli jail, one of his lawyers said on Thursday. The closely guarded case has raised questions in Australia and Israel about the suspected use by the Mossad of dual Australian-Israeli nationals and the circumstances behind the 2010 detention and death of 34-year-old Ben Zygier. … One step forward, one step back on Iran's nuclear program
o A daily summary of global reports on security issues.
Spy suicide scandal focuses attention on Israel's foreign Jews
JERUSALEM (Reuters) – The jailhouse suicide of an Australian immigrant who may have betrayed Israel's Mossad has focused attention on the agency's recruitment of foreign-born Jews who could spy under cover of their native passports. After a three-year blackout was broken by an Australian TV expose, Israel on Wednesday acknowledged that a dual national had committed suicide in prison where he had been kept isolated in the name of state security. … Barrick posts fourth quarter loss after big copper asset write-down
(Reuters) – Barrick Gold Corp , the world’s largest gold miner, reported a quarterly loss on Thursday, after booking a $3.8 billion impairment charge to write down the value of its Lumwana copper asset. The Toronto-based miner also said it has no plans to build any new mines at this time, due to the extremely challenging cost environment. However, Barrick will continue working on its massive Pascua Lama mine on the border of Argentina and Chile, with production targeted for the second half of 2014. …
TSX may open lower on weak euro zone data; Barrick in focus
(Reuters) – Toronto's main stock index looked set to open lower on Thursday, as economic data showing the euro zone's recession deepened threw a first quarter recovery into doubt and rattled European shares. TOP STORIES * The euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. * Barrick Gold reported a quarterly loss, after booking a $3.8 billion impairment charge to write down the value of its Lumwana copper asset. Even so, its shares were slightly higher in pre-market trading. … Berkshire Hathaway, 3G Capital to buy Heinz for $23 billion cash
(Reuters) – Warren Buffett's Berkshire Hathaway Inc and 3G Capital will buy ketchup maker H.J. Heinz Co for $72.50 a share, or $23.2 billion in cash, Heinz said on Thur sday. Including debt assumption, Heinz valued the deal at $28 billion, which it called the largest in food industry history. For Buffett, the deal represents an unusual teaming with private equity for a major acquisition. He told CNBC that 3G approached him with the idea in December and that it was "my kind of deal." He has been on the hunt for a major purchase, something worth $20 billion or more. … Money-losing Niko says India gas price may double
(Reuters) – Oil and gas producer Niko Resources Ltd said the sale price of gas from its wells in India may nearly double, offering a ray of hope as the company reported its seventh quarterly loss in a row on Thursday. Niko said the gas price was likely to rise to between $8 and $8.50 per million British thermal units (mmBtu) based on a pricing formula recommended by an Indian government panel. The recommendation now goes to the Indian cabinet for consideration. …
Heinz to be acquired by group including Warren Buffett in deal worth $28B
NEW YORK, N.Y. – H.J. Heinz Co. says it agreed to be acquired by an investment consortium including billionaire investor Warren Buffett in a deal valued at $28 billion. Analysis: Arabs mired in messy transitions two years after heady uprisings
TUNIS (Reuters) – Two years on, the euphori a has long gone. The flame of revolt that first flared in Tunisia, previously one of the Arab world's quietest corners, consumed autocrats there, in neighboring Egypt and, more violently, in Libya. Contained in Bahrain, it flickered on in Yemen where in time a veteran leader was pushed aside. In Syria, it is still being fiercely fought over. All Arab countries have felt the heat. … Weekly US unemployment benefit applications fall 27,000 to 341,000, sign hiring may pick up
WASHINGTON – The number of people seeking U.S. unemployment benefits fell by 27,000 last week, an indication that hiring could improve. Jobless claims drop exceeds expectations
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a continued steady improvement in labor market conditions. Initial claims for state unempl oyment benefits dropped 27,000 to a seasonally adjusted 341,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 2,000 more applications received than previously reported. Economists polled by Reuters had expected claims to fall to 360,000. … Car bomb kills 7 Pakistani police
PESHAWAR, Pakistan (AP) -- Police say a car bomb has exploded next to a police post in northwest Pakistan, killing seven policemen.
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