Friday, February 22, 2013

Libyan oil production gives OMV a boost

Published: Feb. 22, 2013 at 6:43 AM

VIENNA, Feb. 22 (UPI) -- Austrian energy company OMV said its financial performance received a boost in part from the return of oil production in Libya.

OMV reported its daily oil and natural-gas liquid production in Libya increased 11 percent. The company said fourth quarter production had resumed marginally during the fourth quarter following armed conflict in the country. Production was disrupted in December because of labor strikes.

OMV Chief Executive Officer Gerhard Roiss said Libyan oil production helped produce a 30 percent increase in profits, beating analyst's expectations.

"In 2012, we managed to deliver a record financial performance while successfully progressing our strategy," he said in a statement. "We benefited from the return of production in Libya and from a stabilized, on-target production in Romania and Austria."

Libyan oil production had rebounded close to its pre-war level of around 1.6 million bpd but has since declined. The Organization of Petroleum Exporting Countries said that, as of Jan. 20, Libya was producing around 1.4 million bpd, down from a high of around 1.48 million bpd reported for November.

Source: http://www.upi.com/Business_News/Energy-Resources/2013/02/22/Libyan-oil-production-gives-OMV-a-boost/UPI-76711361533411/

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Duvalier defies court order to face human rights accusations

PORT-AU-PRINCE (Reuters) - Former Haitian dictator Jean-Claude 'Baby Doc' Duvalier defied a judge's order to appear in court on Thursday to face charges he was responsible for corruption and serious human rights violations during his 15-year rule.

Duvalier had already boycotted two previous court hearings, and Judge Jean-Joseph Lebrun, head of the court of appeals, responded to the latest snub by ordering that Duvalier be escorted to court by law enforcement officials next week.

The presence of the 61-year-old former "president for life" was "imperative," Lebrun said.

Reynold Georges, who heads Duvalier's legal team, argued unsuccessfully before Lebrun that his client's presence was not required.

Duvalier returned to the impoverished Caribbean nation in January 2011 after 25 years of exile and was briefly detained on charges of corruption, theft and misappropriation of funds that are still pending against him.

A separate set of charges of crimes against humanity filed by alleged victims of wrongful imprisonment, forced disappearances and torture under Duvalier, was set aside by an investigating judge last year.

The judge ruled that the statute of limitations for those alleged crimes had run out. But the U.N. high commissioner for human rights, Navi Pillay, has warned Haitian authorities that there is no statute of limitations under international law for serious violations of human rights.

"I encourage the judicial authorities to act on their responsibilities and ensure the victims are provided with the long overdue justice they deserve," Pillay said in a recent statement.

She was referring to a catalog of crimes and abuses that human rights watchdogs say were committed with impunity under Duvalier.

Duvalier's flight into exile in 1986 ended nearly three decades of dictatorship begun by his father, Fran?ois 'Papa Doc' Duvalier.

The Duvaliers enforced their rule with the aid of a feared militia, the National Security Volunteers, better known as the Tonton Macoutes, who were blamed for hundreds of deaths and disappearances.

Human rights advocates said Thursday's ruling by Lebrun marked an important step forward for a country searching for political stability after decades of dictatorship, military rule and economic mayhem.

"He tried to get away with it, but this decision proves he is not above the law," said Reed Brody, a spokesman for Human Rights Watch, who has worked with the victims in the case and attended the hearing.

"It's a chink in his armor of impunity," he said. "It's now up to the authorities to make sure that this warrant is swiftly executed and that Duvalier is brought to court."

(Writing by David Adams; Editing by Tom Brown and Peter Cooney)

Source: http://news.yahoo.com/duvalier-defies-court-order-face-human-rights-accusations-225513020.html

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Boeing to meet with FAA on 787 battery fix

A senior Boeing Co. executive will meet with the head of the U.S. Federal Aviation Administration on Friday and present a series of measures aimed at preventing battery failures that grounded its 787 Dreamliner fleet for five weeks, according to a source familiar with the plans.

Ray Conner, who heads Boeing's commercial airplanes unit, will explain the proposed changes to FAA Administrator Michael Huerta on Friday, but the plans have already been vetted with lower level U.S. government officials, the source said.

If Huerta and U.S. Transportation Secretary Ray LaHood accept the proposed plan, that could lay the groundwork for resuming flights of the Boeing 787 by April, said the source, who asked not to be identified.

The engineering changes that Boeing has proposed include an improved box to contain any possible fire in the airliner's lithium-ion batteries. They are aimed at addressing four possible causes for the battery failures that resulted in a fire in a parked 787 in Boston on Jan. 7, and a separate incident that forced a second 787 to make an emergency landing in Japan.

The grounding of all 50 Dreamliners that have already been delivered is costing Boeing and the airlines that operate the world's newest airliner dearly, compounding pressures caused by earlier delays in 787 deliveries.

United Continental Holdings said it was taking the Boeing 787 out of its flying plans through June 5, except for the Denver to Tokyo Narita route scheduled for a tentative launch on May 12.

On Wednesday, the chief executive of Australia's Qantas Airlines Ltd. said it had received $125 million in compensation income from Boeing for 787 delivery delays. United announced that

Analysts estimate the world's largest planemaker is missing out on about $200 million in delivery payments every month that the 787 remains grounded, while spending as much as $1 billion a month to keep its 787 production line running.

A second source familiar with Boeing's plans told Reuters that the company also planned to increase the space between the cells in the lithium-ion batteries made by Japan's GS Yuasa as a potential fix.

"The gaps between cells will be bigger. I think that's why there was overheating," said the source, who declined to be identified because the plans are private.

A spokeswoman for the U.S. National Transportation Safety Board declined comment on the potential battery fix or any Boeing plan to return the 787s to the air.

"The decisions to return the airplane to flight will be made by the FAA and only after Boeing has demonstrated to them that the solution is adequate," Kelly Nantel said. "We continue to investigate the cause of the short circuiting."

An FAA spokeswoman declined to comment on the reported meeting. Boeing declined comment on details of any battery fix it may be considering.

The logical solution for Boeing would be to install ceramic plates between each cell and add a vent to the battery box, Kiyoshi Kanamura, a professor at Tokyo Metropolitan University who has conducted research with several Japanese battery makers, told Reuters on Tuesday.

Earlier on Wednesday, the chairman of state-run Air India said Boeing is hopeful of getting the Dreamliner back in service by early April.

"They said that these planes should start flying again from early April. They can't be sure but they are hopeful," Rohit Nandan said.

Air India has six Dreamliners and has ordered 21 more. The question of the airline seeking compensation from Boeing for the jet's glitches would be taken up once the aircraft are flying again, Nandan said.

"We have been in close communication with our customers since this issue arose," a Boeing spokesman in Seattle said, regarding the issue of compensation. "The details of our conversations with customers are confidential."

The Boeing spokesman declined to address the details of the battery fix, but said it was making progress.

"Boeing has teams of hundreds of engineering and technical experts who are working around the clock with the sole focus of resolving the issue and returning the 787 fleet to flight status," he said. "Everyone is working to get to the answer as quickly as possible and good progress is being made."

On February 7, in its most recent official update on the Dreamliner, the NTSB said it had a "long road ahead" in its investigation of the lithium ion batteries.

Spokesmen for Japan's All Nippon Airways Co Ltd (ANA), which has the biggest fleet of Dreamliners, and Japan Airlines Co Ltd (JAL) said they were unaware of the suggested April schedule.

ANA and JAL have been most affected because they own around half of the lightweight, fuel-efficient jetliners in operation as a strategic move to win market share from their U.S. and European rivals.

Information from NBC News was included in this report.

Copyright 2013 Thomson Reuters.

Source: http://www.nbcnews.com/business/boeing-meet-regulator-787-battery-fix-source-says-1C8462915

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US stocks keep sliding on weak data, Fed qualms

U.S. stocks continued a two-day slide Thursday on weak economic data and concern about the Federal Reserve's resolve to keep juicing the economy.

Signaling that the U.S. labor market remains in slow recovery mode, the government said more people applied for unemployment benefits last week. The four-week average, a less volatile measure, rose to the highest in six weeks.

The Dow Jones industrial average closed down 46.92 points, or 0.3 percent, at 13,880.62.

The S&P 500 index dropped 9.53, or 0.6 percent, to 1,502.42. The S&P is headed for its first weekly loss of the year. The Nasdaq composite index lost 32.92, or 1 percent, to 3,131.49.

In Europe, markets closed sharply lower after a monthly survey of European executives showed that business activity in the European Union slowed in February, a strong signal that a downturn that began last year will continue into 2013. Benchmark indexes lost 2.3 percent in France, 1.9 percent in Germany, and 1.6 percent in Britain.

U.S. indexes have soared this year to the highest levels since the financial crisis but may be ready to fall back to earth, said Kim Caughey Forrest, senior analyst with Fort Pitt Capital Group, a portfolio management firm in Pittsburgh.

"I think the market has gotten ahead of itself," she said. She said fourth-quarter earnings have generally met expectations, but only after those expectations were reduced because companies made dire projections in November and December.

Wal-Mart Stores rose after beating analysts' profit forecasts in the fourth quarter. However, the biggest retailer warned of a slow start to the year. It gained $1.05, or 1.5 percent, to $70.26.

After a strong start to the holiday season, Wal-Mart said, the first three weeks of December were weak, and business has been volatile since then. The company attributed some of the weakness to a delay in tax refund checks that have left people strapped for cash. Wal-Mart's customers also have less money to spend because a temporary payroll tax cut expired in December.

"Everybody's gotten a 2 percent pay cut, and people who file their taxes early are not getting a refund back in a timely manner," Forrest said.

Supermarket chain Safeway was the biggest gainer in the S&P 500, rising $2.84, or 14.1 percent, to $22.97 after saying its net income jumped 13 percent in the fourth quarter, helped by higher gift and prepaid card revenue.

Electric car company Tesla Motors plunged a day after reporting that its fourth-quarter net loss grew 10 percent on costs related to production of its new Model S. The stock fell $3.38, or 8.8 percent, to $35.16.

Earlier, Asian stocks had closed sharply lower. The sell-off began Wednesday afternoon in New York after the release of minutes from the Fed's latest meeting. The meeting notes showed that some policymakers want to wind down bond purchases and other measures aimed at boosting the economy.

The minutes revealed new divisions over the Fed's low-interest rate policies. There is no sign of inflation, yet there was more evidence that some Fed officials are ready to ease off the stimulus programs before the economy has fully recovered.

The Fed's bond-buying has been boosting markets by reducing the cost of borrowing for companies and investors, Forrest explained. When interest rates are lower, it's possible to do business cheaper even if a company isn't growing, she said.

"Thinking maybe interest rates will creep higher, this is a very chilling scenario" for the market, she said.

The yield on the 10-year Treasury note fell to 1.98 percent from 2.05 percent early Wednesday as demand increased for ultra-safe assets.

___

Daniel Wagner can be reached at www.twitter.com/wagnerreports.

Source: http://news.yahoo.com/us-stocks-keep-sliding-weak-data-fed-qualms-150610925--finance.html

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Thursday, February 21, 2013

Common swifts make mysterious twilight ascents

Feb. 21, 2013 ? Common swifts climb to altitudes of up to 2.5 km both at dawn and dusk. This unexpected behaviour was discovered by geo-ecologist Dr Adriaan Dokter of the University of Amsterdam's (UvA) Institute for Biodiversity and Ecosystem Dynamics (IBED) together with colleagues from the Royal Netherlands Meteorological Institute (KNMI), the Royal Netherlands Air Force and Lund University.

The research results were published as a featured article in the March issue of the scientific journal Animal Behaviour.

In the summer, swifts make their presence felt in the city, especially because of the screaming sound they make. These common urban birds appear to have unusual movement patterns. Besides a short breeding period under urban roofing tiles, these birds spend all year on the wing: foraging, mating and even sleeping are all performed in flight. Using a novel radar technique, Dokter and his colleagues studied the nocturnal flight behaviour of the common swift with the assistance of a weather radar belonging to the KNMI.

Dokter explains: 'We always assumed that common swifts ascended in the evening as part of their sleeping cycle. However, now that we have observed the bird perform ascents at both the start and the end of night-time periods, this interpretation seems to be incorrect. The ascents must have a different function, with the birds making use of the unique opportunities offered by the twilight period.'

Common swifts as weather predictors?

Twilight is rich in information: it is the only period allowing simultaneous detection of landscape features, polarization patterns, stars and magnetic cues. This information is used by many different animals for navigational and orientation purposes. Common swifts also seem to choose the twilight to obtain specific information during their ascents. An appealing possibility is that during the ascents, the birds investigate characteristics of the atmosphere in relation to their current location and orientation, such as temperature and wind at various altitudes. This may enable the birds to predict future weather conditions. An adequate response to meteorological conditions is crucial to common swifts, as when foraging they are fully dependent on aerial insects, which are most common in good weather conditions.

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The above story is reprinted from materials provided by Universiteit van Amsterdam (UVA), via AlphaGalileo.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Adriaan M. Dokter, Susanne ?kesson, Hans Beekhuis, Willem Bouten, Luit Buurma, Hans van Gasteren, Iwan Holleman. Twilight ascents by common swifts, Apus apus, at dawn and dusk: acquisition of orientation cues? Animal Behaviour, 2013; DOI: 10.1016/j.anbehav.2012.12.006

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/strange_science/~3/PhY7hHSyU_k/130221084709.htm

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JOB FAIR 4560 California Ave. Suite. 100 Tuesday,

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Wednesday, February 20, 2013

Syrian official says mortars explode near a presidential palace in Damascus

PRETORIA, Feb 19 (Reuters) - Paralympic track star Oscar Pistorius put on his prosthetic legs, walked seven metres to a bathroom in his luxury Pretoria home and then opened fire on his girlfriend, who was behind a bathroom door, a prosecutor told a Pretoria court on Tuesday. Pistorius early broke down in tears at the bail hearing where he is facing a murder charge. (Reporting by David Dolan; Writing by Jon Herskovitz)

Source: http://news.yahoo.com/syrian-official-says-mortars-explode-near-presidential-palace-141318212.html

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