US stocks dive after Fed minutes

NEW YORK: US stocks piled up losses Wednesday after Federal Reserve minutes showed divisions over asset purchases, with some officials suggesting to wind them down before the jobs market picks up.The Dow Jones Industrial Average finished down 108.13 points (0.77 percent) at 13,927.54.The S&P 500-stock index fell 18.99 points (1.24 percent) to 1,511.95 and the tech-rich Nasdaq Composite...

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Trade unions' strike: Stick backfires, Mamata Banerjee offers carrot to traders

KOLKATA: Chastened by the widespread outrage among traders—who kept their shutters down despite her brandishing a stick, making Day One of the strike called by central trade unions a partial success—chief minister Mamata Banerjee decided to hand out carrots to the few who answered her call and kept their shops open on Wednesday.Sources said Mamata asked mayor Sovon Chatterjee to work out an incentive...

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Suitcase-size Satellite to Patrol for Dangerous Asteroids

Earth received a wakeup call last week with a double shot of incoming space rocks—the near miss of asteroid DA14 and the Russian meteor explosion. Our planet is in a cosmic shooting gallery and more work needs to be done to survey menacing asteroids, astronomers say.Now the Canadian Space Agency is stepping up to the plate to help do just that with the launch of a new sentinel to detect...

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Armstrong Snubs Offer From Anti-Doping Officials

Lance Armstrong has turned down what may be his last chance at reducing his lifetime sporting ban. Armstrong has already admitted in an interview with Oprah Winfrey to a career fueled by doping and deceit. But to get a break from the U.S. Anti-Doping Agency, all he had to do was tell his story to those who police sports doping. The deadline was today, and Armstrong now says he won't...

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Supreme Court to consider limits on individual political contributions

The Supreme Court reentered the controversial field of campaign finance Tuesday, agreeing to consider a Republican challenge to decades-old limits on the total amount a person can contribute to candidates, political parties and political action committees. It is the court’s first major campaign finance case since its 2010 decision in Citizens United v. Federal Election Commission, which...

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BP vows to "vigorously defend" itself at US oil spill trial

CHICAGO: British energy giant BP vowed Tuesday to "vigorously defend" itself in court next week against US government claims for "excessive" fines in the 2010 Gulf of Mexico oil spill disaster.Prosecutors shot back with a warning that they will be fighting for the stiffest penalties possible at a blockbuster trial which opens Monday with tens of billions of dollars at stake."The United...

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Sukhoi crashes in Rajasthan, pilots eject safely

NEW DELHI: A frontline Sukhoi-30MKI fighter crashed at the Pokhran range in Rajasthan on Tuesday evening. The two experienced pilots, Squadron Leaders G B S Chauhan and A R Tanta, managed to eject safely.While the court of inquiry will establish the exact reason behind the crash, preliminary reports blamed a "technical snag" for the mishap. The aircraft was undertaking night-flying drills as part...

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New Study Analyzes Heavy Metal Dancing

Parents may never understand their rock 'n' roll loving children, but scientists might. A study published online in arXiv this week seeks to explain the "mosh pit"—using physics.To most scientists, heavy metal refers to elements on the lower end of the periodic table. But to Jesse Silverberg and Matt Bierbaum, doctoral students at Cornell University's department of Condensed Matter Physics,...

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Report Fingers Chinese Military Unit in US Hacks

A Virginia-based cyber security firm has released a new report alleging a specific Chinese military unit is likely behind one of the largest cyber espionage and attack campaigns aimed at American infrastructure and corporations.In the report, released today by Mandiant, China's Unit 61398 is blamed for stealing "hundreds of terabytes of data from at least 141 organizations" since...

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Football: Nani propels United into FA Cup quarter-finals

MANCHESTER, United Kingdom: Nani scored one and made the other as Manchester United beat Reading 2-1 to book their place in the FA Cup quarter-finals here on Monday.The Portuguese winger was only brought on as a substitute because of a first-half injury to Phil Jones but he certainly made his mark with a powerful second-half strike before setting up Javier Hernandez with a pinpoint cross.United...

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