Moody’s downgrades French rating

19 November 2012 Last updated at 18:11 ETThe credit ratings agency Moody’s has downgraded France from its top rating. The country’s debt has been reduced from AAA to AA1 and has kept its negative outlook, meaning it could be downgraded again.In a statement, Moody’s blamed the risk of a Greek exit from the euro, stalled...

Read More..

Turbulence on Cuba-Italy flight leaves 30 bruised

ROME (AP) — An airliner flying from Havana to Milan abruptly plunged some 1,000 meters (3,300 feet) when it hit unusually strong turbulence over the Atlantic on Monday, terrifying passengers and leaving some 30 people aboard with bruises and scrapes, airline officials said.The flight continued to Milan’s Malpensa airport after the plane’s captain determined...

Read More..

Intel CEO Paul Otellini to retire in surprise move

SAN FRANCISCO (AP) — Intel CEO Paul Otellini dropped a bombshell on the company’s board of directors last week, telling them in private that he plans to retire from the world’s largest maker of microprocessors in May. Otellini‘s move comes at a time when Intel faces a shaky economy and a mobile gadget craze that is eating away at demand for its PC chips...

Read More..

Movie industry has shed 16,000-plus jobs in L.A. since 2004, study says

LOS ANGELES (TheWrap.com) – The motion-picture industry has lost more than 16,000 jobs in Los Angeles County since the peak year of 2004, according to a new study by the Los Angeles County Economic Development Corp.And according to the study, “runaway productions” that have moved out of the county due to tax incentives in other areas could be to blame. The...

Read More..

Four year bans proposed under new WADA Code

(Reuters) – Athletes guilty of serious doping offenses will be suspended for four years from 2015 under proposals being considered by the World Anti-Doping Agency (WADA), but there are no plans for a specific rule to ban offenders from the Olympics.Currently, athletes found guilty of a first major doping offense are handed a two-year ban with any subsequent...

Read More..

Four year bans proposed under new WADA Code

(Reuters) – Athletes guilty of serious doping offenses will be suspended for four years from 2015 under proposals being considered by the World Anti-Doping Agency (WADA), but there are no plans for a specific rule to ban offenders from the Olympics.Currently, athletes found guilty of a first major doping offense are handed a two-year ban with any subsequent...

Read More..

Virgin wins Heathrow routes bid

18 November 2012 Last updated at 22:19 ETVirgin Atlantic has been offered the rights to operate Heathrow links to Edinburgh and Aberdeen. Sir Richard Branson’s airline bid successfully for the London landing slots formerly operated by BMI.The slots were released to others by regulators as a condition of allowing the...

Read More..

Rebels in Congo reach door of Goma

GOMA, Congo (AP) — A Rwandan-backed rebel group advanced to within 3 kilometers (1.8 miles) of Goma, a crucial provincial capital in eastern Congo, marking the first time that rebels have come this close since 2008.Congolese army spokesman Col. Olivier Hamuli said the fighting has been going on since 6 a.m. Sunday and the front line has moved to just a...

Read More..

Soccer-Liverpool’s Sterling apologises to Watson over collision

Nov 18 (Reuters) – Liverpool winger Raheem Sterling has wished Wigan Athletic‘s Ben Watson a speedy recovery after a freak collision between the pair on Saturday left Watson with a suspected shin fracture.Sterling, who made his England debut midweek, used his Twitter account to offer an apology to Watson following the Reds’ 3-0 win at Anfield. Midfielder...

Read More..

Liam Neeson in negotiations for crime thriller “The All Nighter”

LOS ANGELES (TheWrap.com) – Liam Neeson is in negotiations to star in the crime thriller “The All Nighter (AKA Run All Night)” a person familiar with the situation has told TheWrap.The story follows an aging hit man who, in order to protect his wife and son, must take on his former boss in a single night. He then winds up on the run from the mob and the...

Read More..