- Airlines move to better track planes a year after Flight 370
San Antonio Express-News, Tuesday - 03/03/2015 - 03:08 AM
Yet nearly one year ago, Malaysia Airlines Flight 370 vanished, taking the lives of 239 passengers and crew in one of aviation's greatest mysteries. The flight was supposed to remain mostly over land, well within the coverage area of ground-based radar stations. Airlines and regulators spent the past year debating how much flight tracking is necessary, balancing the economic costs against reassuring travelers another plane won't disappear. In an age when a missing iPhone or a FedEx package can be tracked, it's unfathomable that something the size of a Boeing 777 could never be found. British satellite communications company Inmarsat, which helped investigators determine the final flight path of Flight 370, says 11,000 commercial planes already have its satellite connection, representing more than 90 percent of the world's long-haul fleet. Any plane with 19 seats or more, built after 2020, would be required to automatically transmit its location every minute if the plane deviated from its route, made an unusual move such as a sudden drop or climb in elevation or if a fire was detected. Before Air France Flight 447 crashed into the Atlantic in 2009, the airline had already had programmed its long-range aircraft to report their position every 10 minutes.  streaming live data on a plane's performance, which is similar to what's in the flight data recorders recovered after a crash, could cost $7 to $13 a minute depending on the amount of data sent.
- China Shares Slide
Wall Street Journal, Monday - 03/02/2015 - 09:57 PM
China’s shares fell as worries about a slowing economy trumped enthusiasm for the central bank’s recent rate cut, while in Australia, investors awaited a decision by the central bank on interest rates.
- Wynn Resorts Seeks to Block Elaine Wynn From Board
Wall Street Journal, Monday - 03/02/2015 - 08:10 PM
Wynn Resorts is seeking to block Elaine Wynn—a major shareholder, longtime director and the ex-wife of company Chairman Steve Wynn—from its board.
- Springleaf Nears Deal For Citigroup's OneMain
Wall Street Journal, Monday - 03/02/2015 - 06:28 PM
Subprime lender Springleaf Holdings is nearing a deal to buy Citigroup’s OneMain Financial for about $4.25 billion, said people familiar with the matter.
- Aston Martin Outlines Expanded Lineup
Wall Street Journal, Monday - 03/02/2015 - 06:00 PM
Sports-car maker Aston Martin plans to outline plans for a seven-vehicle lineup at this week’s Geneva auto show, part of a strategy to lift sales under its private-equity owners.
- Fake Orders Raise Scrutiny on Alibaba
Wall Street Journal, Monday - 03/02/2015 - 04:40 PM
Some merchants are using fake orders to boost their standing on Alibaba’s websites, a practice that puts the Chinese e-commerce giant at risk of further regulatory scrutiny in the wake of its $25 billion initial public offering.
- Ukraine Debt Ratio Breaches Terms
Wall Street Journal, Monday - 03/02/2015 - 04:04 PM
Ukraine National Bank said the country’s sovereign and sub-sovereign debt reached 71.5% of GDP at the end of 2014, effectively breaking the terms of a eurobond it sold to Moscow.
- U.S. Steers Clear of Tikrit, Cites Iran Role in Support of Iraqis
Wall Street Journal, Monday - 03/02/2015 - 03:48 PM
U. S. officials said Iran is supporting the Iraqi offensive to retake Tikrit, supplying artillery, rocket fire and aerial drones.
- Saudi Diplomat Freed After Three-Year Captivity
Wall Street Journal, Monday - 03/02/2015 - 12:38 PM
A Saudi diplomat kidnapped in Yemen and held for three years was released and returned home, the kingdom’s interior ministry said.
- Beijing Quietly Curbs Discussion of Environmental Film
Wall Street Journal, Monday - 03/02/2015 - 11:04 AM
A documentary on air pollution by a well-known journalist was quickly praised by a top government official, but after it drew some 100 million views online over the weekend, censors stepped in to tamp down the buzz.