Why Malaysia Airlines jet might have disappeared
The most dangerous parts of a flight are takeoff and landing. Rarely do incidents happen when a plane is cruising seven miles above the earth.
So the disappearance of a Malaysia Airlines jet well into …
JP Morgan Chase’s sale of private equity arm stalls
The auction of JP Morgan Chase’s private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation.
A spokesperson for JP Morgan Chase declined to comment. The bank announced last July it was spinning off One Equity, its last remaining private equity operation, because the unit was not core.
JP Morgan Chase was not under regulatory pressure to sell: One Equity would not be affected by the Dodd-Frank financial reform law, which restricts the ability of bank holding companies to own and operate private equity groups, sister news service Reuters reported last year.
Rolling Stone Keith Richards buys marked-down NYC penthouse
The four-bedroom home in Greenwich Village sports at least one touch of rock-star glamour.
Oil slicks found in hunt for missing Malaysia jet
Vietnamese air force planes on Saturday spotted two large oil slicks close to where a Malaysia Airlines Boeing 777 went missing earlier in the day, the first sign that the aircraft carrying 239 people had crashed.
Shannon Szabados, women’s hockey star, signs with U.S. men’s pro team
The 27-year-old Edmonton native has signed a contract with Southern Professional Hockey League’s Columbus Cottonmouths.
Cardinals, 3B Carpenter agree to $52M, 6-year deal
Matt Carpenter called agreeing to a new $52 million, six-year deal with St. Louis a no-brainer.
The Cardinals are hoping their third baseman sticks even longer than that.
”He’s the type of player you’d like to think could finish his career as a Cardinal,” St. Louis chairman and CEO Bill DeWitt said Saturday. St. Louis began contract talks with Carpenter in August.
West Virginia beats No. 8 Kansas 92-86
Its NCAA chances all but gone, West Virginia showed it still has some fight left in a lackluster season.
West Virginia built a 25-point lead and had to withstand 41 points by freshman Andrew Wiggins and a furious comeback by No. 8 Kansas to upset the Jayhawks 92-86 in their Big 12 regular-season finale Saturday.
”We just had to stay composed, not get too down, don’t say, ‘dang, they’re going to come back,”’ said Eron Harris, who led West Virginia with 28 points.
”You’ve got to always have confidence in your team that you’re going to win.” The Mountaineers (17-14, 9-9 Big 12) could have finished with a thud like they had in losing four of their five previous games that reduced them to playing for a spot in the NIT.
No. 1 Florida routs Kentucky, goes 18-0 in SEC
Patric Young scored 18 points in his final home game and No. 1 Florida routed 25th-ranked Kentucky 84-65 on Saturday, becoming the first team in Southeastern Conference history to go 18-0 in league play.
Fellow seniors Casey Prather (15) and Scottie Wilbekin (13) also reached double figures for the Gators (29-2, 18-0), who have won 23 straight and 32 in a row at home. Coach Billy Donovan called timeout with 36.9 seconds remaining to get his four seniors another standing ovation.
Julius Randle, who had his right knee treated during the first half, led the Wildcats (22-9, 12-6) with 16 points and 10 rebounds.
Putin Sparking Worst Stock Rout Since …
The last time Russian stocks fell as much as they have this week was when President Vladimir Putin cracked down on protesters following his election in May 2012.
Putin’s incursion into Ukraine’s Crimea region, like the imprisonment of demonstrators following his return to the presidency two years ago, is sparking investor concern that Russia’s economic growth will falter as the U.S. and Europe threaten the country with sanctions.
The Bloomberg Russia-US Equity Index of the most-traded Russian companies in the U.S. has fallen 5.1 percent this week, the most since the measure dropped 11 percent in the five days to May 18, 2012.
Deutsche Bank denies it knew of Foreign Exchange Trading Problems
Deutsche Bank denied a German newspaper report on Friday that claimed a senior bank official knew of alleged currency market manipulation efforts as far back as 2006.
The Frankfurter Allgemeine Zeitung reported on its website that a senior Deutsche currency trader attended meetings with officials from Bank of England eight years ago where currency trading irregularities were discussed.
Details of those meetings were first brought to light on Wednesday in a Reuters report.
The so-called currency fixings that are at the center of a global investigation into allegations of manipulation by traders are used to price trillions of dollars worth of investments and deals and relied upon by companies, investors and central banks.
Regulators have said the alleged foreign exchange manipulation is as bad as the Libor interest rate rigging, which has resulted in banks shelling out $6 billion in fines and settlements and criminal cases against some individuals.
Deutsche Bank, however, said that its representative did not attend the BOE meeting in July, 2006, of the Chief Dealers’ Subgroup of the Foreign Exchange Joint Standing Committee where irregularities were discussed.
Deutsche Bank, Germany’s flagship bank, is a member of the committee but did not attend the meeting, the bank said.
Deutsche Bank, the world’s largest currency trader, also said that its own behavior in the currency markets was never a topic at the meetings.
"The facts are that no allegations of manipulation or wrongdoing were raised against us at the Bank of England meeting in July 2006. Further, Deutsche Bank was not even present at the referenced meeting," the bank said in a statement.
"The minutes of the meeting do not address the behavior of
Deutsche Bank nor any of the banks executing orders at the fix on behalf of clients,” Deutsche said.
Deutsche said it was pursuing its own internal review of currency market dealings and was cooperating with regulatory authorities in their investigations.
Crimea’s new leader, a man with a murky past
Two weeks ago, Sergey Aksyonov was a small-time Crimean politician, the leader of a tiny pro-Russia political party that could barely summon 4 percent of the votes in the last regional election.
He was a little-known businessman with a murky past and a nickname — “Goblin” — left over from the days when criminal gangs flourished here after the collapse of the Soviet Union.
Celebrity homes you could rent
View the Homes of the Week: Celebrity homes you could rent photo gallery …
Meet the Volunteers Willing to Go to Mars and Never Come Back
Over 200,000 people have applied to take a one-way trip to Mars.
A new digital short interviews five of those prospective Mars astronauts to find out who they are and why they would want to become a part of history. “Mars One Way” documents the thought process of Cody Reeder, Casey Hunter, Will Robbins, Katelyn Kane, and Ken Sullivan.
The five applicants all come from different backgrounds but have one similarity: they are more curious about life on Mars than attached to their current living situation on Earth.
A Malaysia Airlines flight carrying 227 passengers and 12 crew went missing in area near the South China Sea on Saturday as it flew from Kuala Lumpur to Beijing and was presumed to have crashed.
There were no reports of bad weather and no sign why the Boeing 777-200ER, powered by Rolls-Royce Trent engines, would have vanished from radar screens about an hour after it took off.
A large number of planes and ships from several countries were scouring the area where the plane last made contact, about halfway between Malaysia and the southern tip of Vietnam.
"The search and rescue operations will continue as long as necessary," Malaysian Prime Minister Najib Razak told reporters in Kuala Lumpur.
Ukraine oligarchs get key posts in bid for unity
In a surprising move after Russia flexed its military might in the Crimean Peninsula, Ukraine’s new leadership has reached out to oligarchs for help — appointing them as governors in eastern regions where loyalties to Moscow are strong.