Ecuador in talks to buy South African warplanesQUITO - Ecuador is in talks to purchase 12 Cheetah C fighter jets from South Africa for the armed forces, a media report said citing Defence Minister Javier Ponce. Brazil’s Lula defends South America arms buildup, including Venezuelan purchasesBRASILIA, Brazil — Major military weapons purchases by Brazil and Venezuela won’t spur an arms race in South America and are necessary to protect borders and natural resources, Brazilian President Luiz Inacio Lula da Silva said Friday. Dutch aircraft leaser AerCap to acquire Irish rival Genesis in $1.75 billion share-swap dealDUBLIN — Dutch aircraft leasing firm AerCap Holdings NV announced an agreement Friday to acquire its Irish rival Genesis in a share-swap deal valued at $1.75 billion. Airbus sees signs of recovery and expects passenger volumes to rebound next yearLONDON — Airbus’ chief salesman John Leahy said Thursday he is optimistic that the airline industry is recovering — although he warned that financing conditions remain tight. Jets QB Mark Sanchez was shaped by father’s unorthodox learning drillsFLORHAM PARK, N.J. — Throwing footballs went hand-in-hand with multiplication tables for Mark Sanchez. US has ’serious concerns’ about Iran nuclear capabilities; urges Tehran to join talksVIENNA — The United States warned Wednesday that Iran is close to having the capabilities to produce a nuclear weapon, and joined major European powers in urging Tehran to “turn the page” and engage in dialogue to prove its atomic program is peaceful. 90 dead in Afghan explosion as Taliban distributes fuel (Second Lead)KUNDUZ - Ninety people were killed Friday when two hijacked oil tankers exploded in the northern Afghan province of Kunduz as Taliban militants were distributing fuel to civilians, said provincial governor Mohammad Omar. WTO expected to rule Friday on long-running trade dispute between Airbus and BoeingWASHINGTON — The World Trade Organization is expected to release a long-awaited decision Friday on whether Airbus received an unfair boost from billions of dollars in European government aid as it moved past Boeing to become the world’s top producer of commercial airplanes. Sonia Gandhi sends Moily, Prithviraj Chauhan to monitor Andhra CM searchNEW DELHI - Congress president Sonia Gandhi has asked Union Law Minister and general secretary in charge of Andhra Pradesh Veerappa Moily and Minister of State in the Prime Minister’s Office Prithviraj Chauhan to rush to Hyderabad to oversee the search and rescue operations for missing state Chief Minister Y.S. Rajshekhar Reddy. Libya celebrates coup that brought Gadhafi to power, as Lockerbie controversy continuesTRIPOLI, Libya — Libya staged a lavish spectacle Tuesday, parading white-robed horsemen and gold-turbaned dancers as jets streaked overhead to celebrate the 40th anniversary of the coup that brought Moammar Gadhafi to power in the oil-rich nation. Troubled Ind. money manager gets more than 4 years for purposely crashing plane in Fla.PENSACOLA, Fla. — An Indiana money manger who crashed his plane and parachuted to safety in an elaborate scheme to fake his death and flee financial ruin was sentenced Wednesday to more than four years in federal prison. Departure of NetJets’ founder spurs speculation about successor to Berkshire’s Warren BuffettOMAHA, Neb. — The departure of NetJets Inc.’s founder is stirring speculation about who has the inside track on succeeding billionaire Warren Buffett at the aviation services company’s parent, Berkshire Hathaway Inc. Richard Santulli leaving CEO, chairman posts, Buffett says David Sokol will succeed himWOODBRIDGE, N.J. — NetJets Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc., said Richard T. Santulli is stepping down as chairman and CEO, effective immediately, after a 25-year career with the company he founded. Save for the F-22, Democratic House funds Pentagon programs slated for terminationPresident Barack Obama recommended killing several high profile Pentagon programs in his 2010 budget. Here’s how he fared in a defense funding bill passed by the House on Thursday: House rejects most Obama weapons cuts, retreats on F-22 fighterWASHINGTON — The Democratic-controlled House went along with Defense Secretary Robert Gates’ plans to kill the over-budget F-22 fighter jet, but has rejected his efforts to cut off several other big ticket items. Russian aircraft carrier not overpriced: Indian Navy chiefNEW DELHI - Indian Navy Thursday contested an audit report on the exorbitant pricing and low capability of a Russian aircraft carrier it has purchased, saying that the deal had been concluded in all seriousness. Virgin inspired-Aeroflot sexing up airline crewLONDON - Russian airline Aeroflot is in for a big image makeover -they are sexing up their staff on the lines of the crew of Virgin Atlantic. Fed survey: Economy finally shows signs of stabilizing in some parts of countryWASHINGTON — The economy is finally showing signs of stabilizing in some regions of the country — especially in parts of the Northeast and Midwest — bolstering hopes of a broader-based recovery this year. No breakthrough on settlement dispute in US envoy’s talks with Israeli prime ministerJERUSALEM — Israel’s prime minister and the top U.S. Mideast envoy said they made progress Tuesday on their dispute over West Bank settlements, but offered no sign of a breakthrough at a meeting in Jerusalem. Pakistan raises concern with US envoy about effect of Afghan offensive on restive border areasISLAMABAD — Pakistan raised concern Wednesday with visiting U.S. envoy Richard Holbrooke over a U.S.-led offensive in neighboring southern Afghanistan that Islamabad fears could send Taliban fighters across the border. NTSB says Learjet should change thrusting system on plane after evaluating deadly SC crashCOLUMBIA, S.C. — Nearly a year after a plane hurtled off the end of a South Carolina runway last fall, killing four and injuring celebrity DJ AM and former Blink-182 drummer Travis Barker, federal regulators said Friday the plane’s manufacturer should make changes to part of the plane’s design. Pentagon chief Gates says more US troops than first planned may end up in AfghanistanCHICAGO — The Pentagon’s chief said Thursday he could send more U.S. troops to Afghanistan this year than he’d initially expected and is considering increasing the number of soldiers in the Army. US destroyer arrives off Georgia for joint naval exercises, underscoring US-Russia splitBATUMI, Georgia — A week after a Moscow summit intended to smooth over the differences between Russia and the U.S., both countries on Tuesday engaged in displays of military might near Russia’s southern border. Southwest Airlines inspecting nearly 200 aircraft after hole in plane forces emergency landingCHARLESTON, W.Va. — Southwest Airlines ordered inspections of nearly 200 aircraft after a football-sized hole opened up in the passenger cabin of a plane during flight, forcing an emergency landing in West Virginia. Pakistani jets kill militants in stronghold of Pakistani TalibanDERA ISMAIL KHAN — Pakistani jets killed 12 suspected militants in South Waziristan on Thursday, a day after suspected U.S. missile strikes killed up to 45 insurgents in twin strikes in the stronghold of Pakistani Taliban leader Baitullah Mehsud, intelligence officials said. Hike in defence budget misleading: ExpertsNEW DELHI - The 34 percent hike in the defence budget for 2009-10 is driven more by the increased salaries granted to government employees on a pay panel’s recommendations than by the armed forces’ need for capacity building, experts say. LA judge allows continued freezing of California financier Danny Pang’s assetsLOS ANGELES — A federal judge has granted the Securities and Exchange Commission’s request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars. Pakistan ramps up campaign against Taliban, offers reward for information on militant chiefISLAMABAD — Pakistan ramped up its campaign against Taliban leader Baitullah Mehsud on Sunday, placing a bounty on the chieftain’s head and launching air strikes on his stronghold in the country’s northwest. Analysis: US deal to keep Central Asian air base averts logistical nightmare for Afghan warWASHINGTON — Sometimes, paying three times the price for the same merchandise can be a good deal. That’s the American calculation behind quiet negotiations that will allow the United States to hang onto a Central Asian air base crucial to the expanding war in Afghanistan. Salts found in icy plumes ejected from a Saturn moon; adds spice to search for life in spaceNEW YORK — Scientists have found new evidence that one of Saturn’s moons has an ocean beneath its surface. That’s important because liquid water is a key ingredient for life. |
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