Khamis, 25 Julai 2013

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AIA upbeats with its value of new business

Posted: 25 Jul 2013 07:06 PM PDT

HONG KONG: AIA Group Ltd, the world's fourth-largest insurer by market capitalisation, reported on Friday a forecast-beating 26 per cent increase in its value of new business in the first half of the year, buoyed by growth across its markets in Asia.

Value of new business (VONB) measures the projected profits from new policies. The growth in that metric, which chief executive Mark Tucker has focused on as an indicator of the company's success, was particularly strong in Malaysia at 69 per cent higher than the same period last year. That represents the group's successful integration of ING's former business in the country, bought by AIA in October last year.

AIA also managed a 27 per cent increase in new business growth in China at a time when the economy is slowing, a result that the company attributed to improvement in its product mix and an increase in the number of active sales agents on the mainland.

VONB rose to US$645 million from US$512 million a year earlier, the Hong Kong-based company said. That beat predictions of 21 per cent growth, according to the average estimate of three analysts polled by Thomson Reuters. VONB margins fell one percentage point to 41.6 per cent.

Shares of AIA rose almost two per cent in early trade before erasing gains to trade down 0.5 per cent. The benchmark Hang Seng Index was 0.2 per cent lower.

AIA's shares have risen 18 per cent in the year to date, outperforming those of local peers like PICC, Ping An Group and China Life, which have fallen, data from Thomson Reuters StarMine shows.-- Reuters

FBM KLCI declines in early trade

Posted: 25 Jul 2013 06:40 PM PDT

Malaysia's benchmark stock index dropped in early trade, dragged by losses in the country's second largest lender CIMB Group Holdings Bhd and consumer products-to-property conglomerate PPB Group Bhd.

The index, which was down 0.1 per cent at 1,805.82 points at 9.06am in Kuala Lumpur, underperformed MSCI's broadest index of Asia Pacific shares outside Japan that rose 0.5 per cent, while it outperformed Tokyo's Nikkei share average that fell 1.6 per cent.

Shares of both CIMB and PBB dropped about 0.7 per cent.

"A mixture of cautious mood and profit-taking activity could cap our Malaysian bourse performance for the time being," HwangDBS Vickers Research said in a research note to clients on Friday.

"On the chart, the benchmark FBM KLCI will probably move sideways with a marginal downward bias ahead. Its key support line is presently seen at the psychological mark of 1,800."

HwangDBS said investors would watch Encorp Bhd after the property developer announced it had won a contract for RM114 million to construct a business centre in Selangor, the country's richest state.

Encorp shares were up 2.7 per cent at 96 sen at 9.09am.-- Reuters

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80 dead after train derails, splits apart in Spain - Fortune

Posted: 25 Jul 2013 08:25 AM PDT

STORY HIGHLIGHTS
  • NEW: Death toll rises to 80, local official confirms, with scores more people injured
  • At least five Americans reported injured; train driver is being questioned
  • Crash may be linked to train going too fast, transport minister tells radio station
  • Witness: "The train was broken in half. ... It was quite shocking"

Are you there? Send us your photos, videos.

Santiago de Compostela, Spain (CNN) -- The train races into view, and in the space of a heartbeat, the cars derail and crash into a wall of concrete, flipping onto their sides and skidding along the track with terrifying speed and force.

Security footage shows the horror of the moment an express train derailed as it hurtled around a curve in northwestern Spain on Wednesday, killing at least 80 people, a spokeswoman for the Spanish government in the Galicia region said.

Flames burst out of one train car as another car was snapped in half after the crash. Rescue crews and fellow passengers pulled bodies through broken windows and pried open doors as stunned survivors looked on.

Investigations into the cause of the crash continue, but suggestions that the train was traveling too fast appear to be gaining weight.

The train driver is being questioned by police and is under formal investigation, said Maria Pardo Rios, a spokeswoman for the Galicia regional supreme court. "He is not being charged by a judge at the moment -- it is all at a police level," she said.

A car from an express train that crashed is lifted Thursday, July 25, at Angrois near Santiago de Compostela, Spain. The train derailed as it hurtled around a curve Wednesday, July 24, killing at least 80 and injuring more than 175, as of Thursday morning, officials said.A car from an express train that crashed is lifted Thursday, July 25, at Angrois near Santiago de Compostela, Spain. The train derailed as it hurtled around a curve Wednesday, July 24, killing at least 80 and injuring more than 175, as of Thursday morning, officials said.
Deadly train crash in Spain
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Ninety-five of the 178 injured are still hospitalized, the local government's official Twitter account said. Thirty-two adults and four children are in critical condition.

At least 73 people died at the scene and the others at the hospital, Rios said. In Spain, judges typically record deaths that take place outside of hospitals.

Judicial teams are still at the crash site and expect to find more bodies, she told CNN on Thursday morning.

At least five Americans were injured in the crash, a U.S. State Department official said Thursday. The U.S. Embassy in Madrid is trying to determine the exact number. "At this time, we have not received any reports of U.S. citizen deaths," the official said.

Interim charge d'affaires Luis G. Moreno at the embassy said it was in touch "with families of some injured American citizens."

"We are deeply shocked by the news of last night's train crash in Galicia. Our hearts and prayers are with the friends and families of the victims," he said.

UK Foreign Secretary William Hague said one British citizen was injured.

The crash came on the eve of a public holiday held to mark the region's saint's day. Local officials canceled festivities planned for Wednesday night and Thursday across Galicia.

Train's speed questioned

The state railway, Renfe, said the train crashed on a curve several kilometers from the train station in the city of Santiago de Compostela, a popular tourist destination.

The train was nearing the end of a six-hour trip from Madrid to the town of Ferrol in northwest Spain when it derailed at 8:41 p.m. Wednesday, the railway said.

It was unclear how fast the train was traveling when it crashed. It was capable of going up to 250 kilometers per hour (155 mph), said Julio Hermida, a spokesman for the state railway.

The driver, who suffered minor injuries, told police he had entered the bend too fast, TVE reported.

Rafael Catala, secretary of state for transport and housing, told Spanish radio network Cadena SER that the "tragedy appears to be linked to the train going too fast," but that the reasons for that are not yet known.

Spanish news agency Efe and national daily El Pais cited sources within the investigation as saying that the driver had said the train was going at about 190 kilometers per hour, and that the limit on that curve was 80 kilometers per hour (50 mph.)

The president of Renfe, Julio Gomez-Pomar, told radio station COPE on Thursday that the train had undergone a routine inspection that same morning.

"The train did not have an operating problem," he said. "The maintenance and control record of the train was perfect."

Mourning declared

Alberto Nunez Feijoo, head of the regional government in Galicia, declared seven days of mourning in the region for victims of the tragedy.

Spanish Prime Minister Mariano Rajoy viewed the scene of devastation Thursday morning and visited some of the hospitalized crash victims.

Rajoy, who is from the area, told a news conference there was a "huge challenge" ahead, not least in identifying all those killed and informing their families, and he praised the response of everyone who has helped after the crash.

Two investigations are under way, he said, adding, "We want to establish what happened."

Rajoy declared three days of national mourning to honor the victims of the crash.

The prime minister came under fire in Spanish media after a condolences message for the train crash victims posted by his office late Wednesday included a paragraph apparently "copied and pasted" from a statement previously sent to victims of an earthquake in Gansu, China.

''I would like to express my deepest condolences for the loss of human lives and the material damage from the earthquake that has occurred in Gansu has caused," the note said.

Spain's King Juan Carlos and Queen Sofia are to visit Santiago de Compostela later Thursday.

The royal family has canceled all events scheduled for the day out of respect for the day of mourning, the royal household told CNN.

Thunderous bang

A passenger who got off at the last stop before the train derailed told the broadcaster it was packed with people at the time.

Residents who lived near the tracks told the Voz de Galicia newspaper that they heard a thunderous bang when the train crashed. Many of them rushed to the area with blankets and bottled water for the injured, the newspaper reported.

"The train had broken in half. Some pieces were on top, some pieces were on the bottom," said Ivette Rubiera Cabrera of Florida, who caught a glimpse of the wreckage while on a family vacation in Spain and sent photos to CNN's iReport.

"It was quite shocking," she said. "We had never seen anything like that. We had just been on the train last week."

Oscar Mateos told the El Pais newspaper that he saw fellow passengers thrown to the floor, then tossed from one side of the train to the other.

"Help came in five minutes, but that time became an eternity," he said. "I helped people get out with broken legs and many bruises."

Alen Perez, 16, said he had been walking nearby and saw passengers helping each other out of the train.

Emergency vehicles swarmed the scene. There were several bodies on the ground, he said.

Photos he took of the crash site showed mangled pieces of a train car and black smoke billowing out of the wreckage.

Crash investigation

Investigators are looking at all possible causes of the crash, a senior aide to the prime minister said Wednesday. An initial assessment indicated it probably wasn't an act of terrorism.

Are you there and safe? Tell us what's happening

Renfe's spokesman said he did not know how many crew members were aboard the train when it crashed. Normally, there would be at least five crew members on a train like that, he said.

Officials appealed for blood donations just after the crash but on Thursday said the short-term needs were met.

Herman Van Rompuy, president of the European Council, expressed condolences from the European Union.

Pope Francis, currently on a visit to Brazil for World Youth Day, sent a telegram to the bishop of Santiago de Compostela, Julian Barrio Barrio, offering his support and prayers for all those affected by the tragedy.

King Juan Carlos earlier said the accident had saddened the country and the international community. He sent a message to the victims and their families conveying "the deepest love and all the solidarity from the Royal Family, and from the whole nation."

CNN's Al Goodman reported from Santiago de Compostela and Laura Perez Maestro from Galicia. CNN's Laura Smith-Spark wrote in London. CNN's Catherine E. Shoichet, Elwyn Lopez, Patrick Sung, Eric Marrapodi, Jill Dougherty, Nelson Quinones, Marysabel Huston-Crespo, Mariano Castillo, and David Valenzuela contributed to this report.

Hedge fund SAC Capital indicted - USA TODAY

Posted: 25 Jul 2013 08:19 AM PDT

NEW YORK — SAC Capital Advisors, one of Wall Street's largest and most profitable hedge funds, has been indicted on criminal charges for its role in insider trading offenses committed over a decade by many of its employees.

Though SAC Capital billionaire founder and head Steven Cohen was not charged individually, the indictment charged his Connecticut-based hedge fund and three of its affiliates with wire fraud and four counts of securities fraud — allegations that could cripple the nationally known fund.

Richard Lee, an SAC portfolio manager responsible for directing a $1.25 billion "special situations fund," pleaded guilty to insider trading charges Tuesday in the years-long SAC Capital investigation, the Manhattan U.S. Attorney's office said as prosecutors unsealed his plea.

The charges represent the hardest yet in a series of major legal blows for Cohen, who runs the fund and uses it as an investment and trading vehicle for his personal fortune.

The 41-page indictment charged that the insider trading scheme "was substantial, pervasive and on a scale without known precedent in the hedge fund industry."

Documents: Indictment and related documents

The alleged scheme was run through numerous portfolio managers and research analysts "who engaged in a pattern of obtaining inside information from dozens of publicly traded companies across multiple industry sectors," the indictment charged. The company allegedly:

• Sought to hire portfolio managers and analysts "with proven access to public company contacts likely to possess inside information."

• Gave portfolio managers financial incentives to give Cohen recommendations about "high conviction" trading ideas in which they had an "edge" over other investors. But the managers weren't "questioned when making trading recommendations that appeared to be based on inside information," the indictment charged.

• Failed to use effective compliance procedures or practices to prevent portfolio managers and analysts from engaging in insider trading.

"The relentless pursuit of an information 'edge' fostered a business culture within SAC in which there was no meaningful commitment to ensure that such 'edge' came from legitimate research and not inside information," the indictment charged. "The predictable and forseeable result ... was systematic insider trading ... resulting in hundreds of millions of dollars of illegal profits and avoided losses at the expense of members of the investing public."

Manhattan U.S. Attorney Preet Bharara scheduled a 1 p.m. news conference to discuss the case.

An SAC Capital spokesman did not immediately respond to messages seeking comment on the charges. But the company has said the company and Cohen had done nothing wrong.

The indictment could speed a recent outflow of investors from SAC Capital, though the company earlier this week sent employees a notice that it planned to continue normal operations. Until recent months, the fund held an estimated $15 billion.

Stuart Slotnick, a New York City defense lawyer who's not involved in the case, said "there's a great likelihood they (SAC Capital) will continue to lose investors" as a result of the government action.

"But don't forget, there are billions of dollars of (Cohen's) personal money in the fund," said Slotnick. "And what may result, at least in the short term, is that the business turns into a family fund, a family business that has employees, has a corporate structure and continues."

The widely anticipated criminal charges come after SAC Capital and CR Intrinsic, another Cohen affiliate, earlier this year agreed to pay the Securities and Exchange Commission a record $615 million in penalties to resolve civil insider trading charges against the firms.

Additionally, the SEC on July 19 filed civil administrative charges against Cohen himself, alleging that he "failed reasonably to supervise" two senior portfolio managers who themselves have been been hit with insider trading charges and are awaiting trial.

The civil case fell short of accusing Cohen, a hedge fund giant and one of the nation's richest people, with similar insider trading allegations. But an SEC victory could bar him from handling investor funds, a penalty that could force him to shut down portfolios that until recently investor withdrawals totaled more than $15 billion.

In the civil case, the SEC alleged that Cohen received "highly suspicious" non-public information in 2008 from top financial lieutenants Mathew Martoma and Michael Steinberg, who have pleaded not guilty in their cases. The allegations involved stock trading in pharmaceutical firms Elan and Wyeth, as well as in computer giant Dell.

Instead of heeding his supervisory responsibility to investigate, the SEC charged that Cohen "ignored red flags" and allowed trading on the information to proceed, thereby earning profits and avoiding losses totaling more than $275 million.

Disputing the charges, attorneys for Cohen have said he "had every reason to believe" that one of the portfolio managers relied only on public information and that the hedge fund founder didn't read a crucial email sent by the other manager.

"Steven Cohen did nothing wrong, and any fair review of the evidence will show that the SEC's charges are unfounded," his lawyers said.

The civil case against Cohen is scheduled to begin with an Aug. 26 hearing before SEC Chief Administrative Law Judge Brenda Murray.

John Coffee, a Columbia University law school professor expert in securities law last week said it's relatively rare for the SEC to bring such a case as an administrative proceeding, rather than in federal court.

The move potentially gives the SEC "home court advantage," said Coffee, because the rules of evidence are somewhat less strict than in federal court and could enable the agency to introduce more hearsay evidence.

Kredit: www.nst.com.my

Rabu, 24 Julai 2013

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Pressure builds on Weiner to quit NYC mayor's race - USA TODAY

Posted: 24 Jul 2013 08:16 AM PDT

The pressure is increasing on former congressman Anthony Weiner to drop out of the New York City mayor's race after his acknowledgment of another round of lewd online exchanges with women.

Weiner held a news conference Tuesday admitting that he continued to engage in inappropriate online chats even after he was forced to resign from Congress in 2011 because he had sent graphic messages — including lewd photos of himself — to women via Twitter.

But, with his wife by his side, Weiner said the bad behavior was behind him and he intends to stay in the mayor's race. Ten days ago, polls showed him narrowly leading the race for the Democratic nomination over City Council Speaker Christine Quinn.

After his press conference, major New York newspapers called for Weiner to quit the race.

The New York Times wrote in an editorial, "The serially evasive Mr. Weiner should take his marital troubles and personal compulsions out of the public eye, away from cameras, off the Web and out of the race for mayor of New York City."

The Wall Street Journalsaid Weiner "ought to drop out of the New York City mayor's race simply because of what he's forced his wife to endure. Watching the elegant Huma Abedin stand next to her man Tuesday as he explained his latest sexually charged online exchanges was painful for a normal human being to watch. Mr. Weiner is not a normal human being."

STORY: Huma Abedin defends her husband

The New York Daily News added in its own editorial, "He is not fit to lead America's premier city. Lacking the dignity and discipline that New York deserves in a mayor, Weiner must recognize that his demons have no place in City Hall."

"Weiner must also see that, having built his campaign on deception, he has badly damaged the process of selecting the city's next chief executive," the Daily News said.

Weiner has certainly changed the subject. A Tuesday mayoral forum after Weiner's press conference received scant media coverage.

Public advocate Bill DeBlasio, a Democratic mayoral candidate who trails in the race, started a petition drive on his website Wednesday morning to get Weiner to drop out. The online petition proclaims "the sideshows of this election have gotten in the way of the debate we should be having." DeBlasio trailed Quinn and Weiner by double digits in recent polling.

Weiner's revelations also created a social media frenzy. The pseudonym "Carlos Danger" -- which Weiner allegedly used to communicate with one of the women -- became a top trending topic on Twitter, with more than 52,000 mentions from more than 37,000 Twitter users by Wednesday morning.

Contributing: Martha T. Moore

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Prince William, Kate and baby depart Kensington Palace for the Middletons' home - CBS News

Posted: 24 Jul 2013 08:02 AM PDT

After leaving the hospital, spending his first night at home with mom and dad and getting a few notable visitors, the Prince of Cambridge is on the road again.

Prince William and Kate departed Kensington Palace on Wednesday with their newborn son in tow, taking him to spend time with his maternal grandparents.

49 Photos

Britain's royal baby arrives

The Duke and Duchess of Cambridge and the baby left the palace in a Range Rover, bound for the home of Kate's parents Michael and Carole Middleton in the English village of Bucklebury, west of London.

William is taking two weeks' paternity leave from his job as a Royal Air Force search-and-rescue helicopter pilot, and palace officials said he and Kate would now spend "private and quiet time for them to get to know their son."

Earlier Wednesday, Queen Elizabeth II met her new great-grandson for the first time. The 87-year-old monarch made a short trip from Buckingham Palace by chauffeur-driven Bentley and spent about half an hour visiting the two-day-old Prince of Cambridge. The baby is her third great-grandchild and the third in line to the British throne.

Prince Philip, who is recovering at Windsor Castle after exploratory abdominal surgery last month, did not accompany the queen.

Palace officials said Prince Harry has also been to see his new nephew, and the BBC reports that Kate's sister, Pippa Middleton, has met the baby as well.

William's father, Prince Charles, and Camilla, Duchess of Cornwall, have also visited the baby, whose name hasn't been revealed yet. "We're still working on a name," William told reporters Tuesday as he and Kate took the baby home from St. Mary's Hospital, promising to let the world know "as soon as we can."

That could be anything from a few hours to several weeks -- the queen did not announce Charles' name until a month after his birth in 1948.

Bookmaker William Hill has George -- the name of six previous British kings -- as the favorite at 2-1 odds, with James at 4-1.

Images of the prince, his little hand peeking above a white crocheted wrap, blanketed the front pages of British newspapers Wednesday. The Daily Mail offered a photo album image with the headline "Baby's first royal wave."

The prince slept through his debut public appearance -- though William assured the media he had "a good pair of lungs on him."

As well as selecting a name -- or more likely four names -- William and Kate will soon choose a photographer for the baby's first official portrait.

Ingrid Seward, editor-in-chief of Majesty magazine, said the couple would probably choose someone "eminent and hopefully British." William's baby portrait was taken by society photographer Lord Snowdon, the former husband of the queen's sister Princess Margaret.

Kredit: www.nst.com.my

Selasa, 23 Julai 2013

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Dow creeps to record high

Posted: 23 Jul 2013 04:37 PM PDT

NEW YORK: US stocks closed mixed on Tuesday, with the Dow creeping up to close at a new record high after mixed company results, while Apple dragged the Nasdaq lower.

The Dow Jones Industrial Average gained 22.19 points (0.14 percent) at 15,567.74, scoring a new all-time high. The prior record was set last Thursday at 15,465.91.

The broad-based S&P 500 gave up 3.14 points (0.19 percent) at 1,692.39, while the tech-rich Nasdaq Composite Index slid 21.11 points (0.59 percent) to 3,579.27.

Apple shed 1.7 percent ahead of its earnings, due after the market closed.

"US stocks ended the day mixed, as the unexpected contraction in regional manufacturing activity and the plethora of divergent earnings reports left traders on the fence," Charles Schwab & Company said in a market note.

Several leading companies, including Dow components DuPont, United Technologies and Travelers, reported profits that exceeded analyst expectations.

Yet revenues lagged forecasts at both DuPont and United Technologies, as well as at a number of smaller companies.

Chemical and biosciences giant DuPont edged down 0.1 percent after earnings came in one cent above expectations at $1.28 per share.

The company said it was exploring a possible sale of its performance chemicals division.

United Technologies, which works in the building and aerospace sectors, gained almost 3.0 percent after earnings exceeded expectations by 14 cents at US$1.71 per share.

But Travelers retreated 3.8 percent despite easily topping expectations with US$2.13 per share instead of the forecasted $1.61.

Some analysts said earnings were inflated by one-time items and pointed to a drop in book value per share due to the impact of increased interest rates on some investments.

Netflix tumbled 4.5 percent despite a fivefold increase in profits. Investors fretted that the company's subscriber base is growing more slowly than in the past.

Networking technology firm Cisco Systems, a Dow component, gave up 0.6 percent after announcing a US$2.7 billion acquisition of cybersecurity firm Sourcefire, pricing the smaller firm at US$76 per share. Sourcefire shares soared 27.8 percent to US$75.49.

Coffee retailer Starbucks dropped nearly 2.0 percent after announcing a tie-up with Danone to develop specialty Greek yogurt products to be sold initially only in the US market. -- AFP

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Royal baby remains a princely mystery to the world - CBS News

Posted: 23 Jul 2013 08:59 AM PDT

Updated at 10:26 a.m. ET

LONDON It's Day One of parenting for William and Kate. After the excitement and fatigue and joy of childbirth -- emotions shared with a nation -- the young couple is expected to bring the prince home and start to care for him.

But the lad's name -- and his likeness -- remain a royal mystery. And as the infant child begins a long journey expected to see him someday become a king, Brits -- and people from around the world -- have been joining the royal family in celebration.

In a new statement released by Kensington Palace on Tuesday morning, Prince William and his wife Kate thanked the hospital staff for the "tremendous care the three of us have received," but gave no hint as to when they might leave the hospital or announce their son's name.

"Mother, son and father are all doing well this morning," a palace spokesman said.

The couple has also begun receiving visitors -- Kate's parents, Michael and Carole Middleton, were photographed arriving to St. Mary's Hospital on Tuesday afternoon.

Paying tribute to the young couple the evening before, Prime Minister David Cameron said "the whole country will celebrate," and predicted that William and Kate would "make wonderful parents."

Play Video

Watch: Queen's Guard plays "Congratulations" outside Buckingham Palace

Tourists and well-wishers flocked to Buckingham Palace on Tuesday, lining up outside the gates to take pictures of the golden easel on which, in keeping with royal tradition, the birth announcement was displayed. A band of scarlet-clad guardsman at the palace delighted onlookers with a rendition of the song "Congratulations."

Other celebrations Tuesday included gun salutes by royal artillery companies to honor the birth and the ringing of bells at London's Westminster Abbey.

Riders in uniform trotted past the palace to Green Park, where six field guns fired 41 blank rounds. An additional 62 gun salute was fired off at the Tower of London, the medieval royal palace which sits on the north bank of the Thames in the capital.

At the same time, 10 bell ringers began sounding a royal salute to the new prince. The bell peal will last a full three hours, and will be the same one played to mark William and Kate's marriage. Three of the 10 bell ringers who will be in the Abbey on Tuesday were also on hand 31 years ago to do the same job when William was born.

The young prince was delivered at 4:24 p.m. in London on Monday, but the royal couple kept the world waiting another four hours to learn of the birth.

Even grandfather Prince Charles seemed clueless an hour after the birth. Asked by a reporter upon emerging from a public event in the northern English city of York if there had been any news, he laughed off the question and said, "none," as he got into a waiting car.

29 Photos

Britain's royal baby arrives

37 Photos

Prince William and Kate

Play Video

In earlier times, many witnessed royal births

But news there was. The birth was announced via a formal press release issued by Kensington Palace, which stated that the duchess "was safely delivered of a son" at 4:24 p.m., local time, weighing 8 lbs., 6 oz.

CBS News correspondent Elizabeth Palmer reported that William, a truly modern dad, remained with the duchess throughout her labor. It was the prince who called the queen, Prince Charles, Prince Harry and the Middletons with the news at some point before the public was notified.

Halfway around the world, royalist group Monarchy New Zealand said it had organized a national lightshow, with 40 buildings across the island lit up in blue to commemorate the royal birth, including Sky Tower in Auckland, the airport in Christchurch, and Larnach Castle in the South Island city of Dunedin.

The baby isn't even a day old -- and may not even been named for days or even weeks -- but he already has a building dedicated to him.

In Australia, Prime Minister Kevin Rudd said an enclosure at Sydney's Taronga Park Zoo would be named after the prince as part of a gift from Australia. The government would donate 10,000 Australian dollars ($9,300) on the young prince's behalf toward a research project at the zoo to save the endangered bilby, a rabbit-like marsupial whose numbers are dwindling in the wild. The prince's name — when known — would be added to the bilby enclosure.

"I don't know if the royal family would need this, but we'll probably give them a free pass to Taronga Park Zoo as well," Rudd said.

British media joined in the celebration.

"It's a Boy!" was splashed across many U.K. front pages, while Britain's top-selling The Sun newspaper temporarily changed its name to "The Son" in honor of the tiny monarch-in-waiting.

"REGAL HAS LANDED," the paper cried.

LaGuardia delays linger day after landing gear incident - USA TODAY

Posted: 23 Jul 2013 09:14 AM PDT

LaGuardia delays linger day after landing gear incident
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LaGuardia delays linger day after landing gear incident

Runways are open at New York LaGuardia but significant delays are slowing flights there.

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Last update: 10:25 a.m. ET. Next update: By 1:30 p.m. ET

Runways were open at New York LaGuardia, but delays and cancellations were still slowing fliers a day after a rough landing by a Southwest Airlines flight temporarily halted flights.

Nearly 150 flights had been canceled at LaGuardia as of 10:25 a.m. ET on Tuesday, according to flight-tracking service FlightStats. And that's on top of the more than 350 cancellations that were reported Monday, which saw both the landing gear incident and stormy weather affect flights.

FLIGHT TRACKER: Is your flight on time?
MORE: Nose gear fails as Southwest jet lands at LaGuardia

Delays averaging about 90 minutes were being reported as of 10:25 a.m. ET, according to the Federal Aviation Administration's flight delay map. The agency cited a "disabled aircraft" as the cause of the delays earlier in the morning. However, by 8 a.m. ET, the FAA had switched the cause of the delays to low clouds -- a frequent problem at delay-prone LaGuardia.

United and Delta, the nation's two biggest airlines, reacted to the LaGuardia incident by waiving change fees. Delta's covers five New York City-area airports while United's is for LaGaurdia only.

All that comes as NBC New York reports LaGuardia "fully reopened Tuesday morning (after) … the Boeing 737 was loaded onto a flatbed and hauled off the runway early Tuesday." NBC adds that the jets was "taken to a hangar where authorities plan to examine the physical damage and investigate the cause of the failed gear."

The landing gear collapsed after Southwest Airlines Flight 345 from Nashville landed around 5:40 p.m. ET on Monday.

MORE: Delta, United waive change fees for NYC flights

Ten passengers were treated at the scene, with six of those ultimately taken to a hospitals with minor injuries, says Thomas Bosco, acting director of aviation for the Port Authority of New York and New Jersey, which oversees the area airports. Flight 345's six crew members were taken to another hospital for observation, Bosco adds to The Associated Press.

Bosco says the Southwest "aircraft skidded down the runway on its nose and then veered off and came to rest in the grass area" following the collapse of its landing gear.

Stay tuned for updates.

The general manager of New York's LaGuardia Airport says up to 10 people were treated after a jet's front landing gear collapsed as it arrived. (July 22)

The Associated Press contributed to this report.

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Royal baby is on the way, Duchess Kate is in labor - USA TODAY

Posted: 22 Jul 2013 08:49 AM PDT

Buckingham Palace has announced that Duchess Kate is in labor, and has gone to the hospital in London. Kate and her husband, Prince William, are expecting their first baby. (July 22)

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LONDON — At last, after weeks of waiting and on-the-edge anticipation (in a heat wave), the royal baby is ready to arrive. Duchess Kate of Cambridge is in the hospital and in the early stages of labor, Buckingham Palace confirmed early Monday.

"The Duchess traveled by car from Kensington Palace to the Lindo Wing at St. Mary's Hospital with the Duke of Cambridge," tweeted Clarence House, the press office for Prince William and Catherine, the Duke and Duchess of Cambridge.

The couple's spokesman said, "Things are progressing normally" so far.

And not a moment too soon for everyone in the United Kingdom, from the queen and the prime minister down to each of the sweaty members of the media mob waiting for more than two weeks outside St. Mary's Hospital in Paddington.

As soon as the Clarence House tweet went out, the royals media piled onto Twitter.

"Duchess of Cambridge arrived at hospital at 5.45 am (local time). Believed to have used Cambridge wing entrance used by Princess Diana," tweeted David Brown of The Times of London.

"Writing on Twitter, Kate's uncle, Gary Goldsmith, says today is 'very very exciting,' " tweeted Peter Hunt of the BBC.

"What do you think — a boy or a girl?" is the refrain being heard in and around the streets of Paddington as the world waits for news.

Hospital workers, meanwhile, could be heard saying, "It's just ridiculous," referring to the hundreds of jostling journalists and photographers massed outside of St Mary's early on Monday morning.

Photographers paced back and forth outside the hospital in the mid-morning sun, on another hot day for London. Edward Cumming, 65, was sitting in the shade of a tree across from the entrance to the Lindo Wing.

"For one baby this seems a bit much," he said. "Although I guess you have to expect it for a royal baby."

Cumming, who hopes the monarchy in the U.K. persists for some time, said that the royal birth may help that effort.

Australian tourists Natasha and Diana (no last names or ages at their request) said they have been hanging around in London for about a week waiting for news of the royal birth, before heading to the British beauty spot of Cornwall in the far western edge of the island. When the news broke, they rushed over to see if they could spot anything. They couldn't, and were sitting in a shady spot wondering what to do next.

"We're kind of gutted it's happening today," Natasha said, before the two decided the wait for the baby was going to be too long and started making their way back toward Paddington station.

Kate and husband Prince William, both 31 and about to have their first baby, had been spending time at her parents' mansion about 50 miles away in rural Bucklebury, partly to escape the high temperatures (for London) in the city.

They had returned to Kensington Palace this weekend, according to the British media, although the palace had refused to confirm that, and said nothing until it confirmed she was in the hospital and in labor today.

ROYAL FAMILY TREE: Where the baby fits in

She checked into the private Lindo Wing (Twitter jokesters had nicknamed it the "Limbo WIng" during what they called #GreatKateWait), where William and brother Prince Harry were born more than three decades ago.

And now everyone waits some more.

The palace said weeks ago that the duchess intends to have a natural birth, although that could change depending on circumstances. But the Cambridge press office is not discussing anything about that, nor whether labor was induced.

British reporters were reminding readers and followers that when William was born at St. Mary's 31 years ago, it was after about 16 hours of induced labor.

The palace had earlier planned to inform the world once she was in the hospital and started labor. As soon as the baby is born, William will call his grandmother, Queen Elizabeth II, on an encrypted call to let her know the news.

ROAD TO PARENTHOOD: Will and Kate's life together

However, if the birth is in the middle of the night, he will not wake her up, British media are reporting.

The queen, who returned as per usual to Buckingham Palace today from Windsor Castle where she usually spends weekends (her flag went up over the palace when she arrived), joked this week, in answer to a child's question, that she hoped the baby would arrive soon because she's going on her annual vacation next week to her Balmoral estate in Scotland.

Meanwhile, if it's still daylight, a royal courier will emerge from the hospital and, with a police escort and a news helicopter clattering overhead, will head to Buckingham Palace to post a notice of the baby's gender, size and weight on an easel at the palace front gates. (If the birth is in the middle of the night, this will wait until morning.)

Then the news will flood onto palace websites and social media and TV screens, and the celebrations will commence. Relief that it all went well will mix with joy, and pride that the British monarchy endures with another royal heir in hand.

RAISING A ROYAL: Modern parenting for The Cambridges

This baby, whose name we will likely not learn for at least a few more days, will move to third-in-line to the throne, behind William at second and grandfather Prince Charles at first. Great-granny the queen is 87.

A girl would make for an especially historic royal baby, coming into the world with unprecedented expectations. For the first time in a 1,000 years of the English monarchy, the rules of succession have been changed so that birth order will trump gender. This princess of Cambridge, as she will be known, will be a future monarch even if she later has younger brothers.

WHAT'S IN A NAME? : Create your own royal name

The anticipation of the birth had built to a fever pitch, in part because it had been expected last weekend and nothing happened. This week, press reports had it, Prime Minister David Cameron, meeting with his Cabinet colleagues, was handed a note and gasped a little. Was it the royal baby? Nope, it was just a cricket score.

Today, he expressed the country's best wishes. "A very exciting occasion and the whole country is excited with them," he said. "So everyone is hoping for the best."

So it's big news for the Brits, certainly, and huge news for the world's ever-growing celebrity media universe, where celeb babies are click-magnets and royal babies even more so.

THEIRS & OURS: UK royals vs. U.S. "royals"

Which is why hundreds of journalists and photographers are still staking out St. Mary's: They're waiting for a first glimpse of the baby and parents when they emerge from the hospital.

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Authorities charge Cleveland man with 3 counts of aggravated murder after ... - Fox News

Posted: 22 Jul 2013 08:52 AM PDT

URGENT: Authorities charged a Cleveland man Monday with three counts of aggravated murder, after the bodies of three women were found over the weekend wrapped in trash bags.

Police charged 35-year-old Michael Madison with the deaths of three women -- one of whom was identified as a 38-year-old Angela Deskins of Cleveland. The other two women have not yet been identified due to advanced stages of decomposition, the medical examiner said. 

"We are in the midst of tragedy," East Cleveland Mayor Gary Norton said at a press conference Monday. Norton said the women were killed "senselessly" by a man with "no regard for human life."

An odor led to the discovery Friday of one body in a garage. Two others were found Saturday -- one in a backyard and the other in the basement of a vacant house. The bodies of the three women were all wrapped in plastic bags in fetal positions.

Norton said a call to police led authorities to a home and a standoff with the man, who was eventually taken into custody. The mayor has said the suspect indicated he might have been influenced by the earlier case of Cleveland serial killer convicted in the deaths of 11 women.

Police and volunteers scoured about 40 empty homes Sunday until their search was suspended, with no immediate plans to resume.

Medical examiner Thomas Gilson also said he couldn't determine a cause of death because of the bodies' conditions. Gilson said one victim had distinctive tattoos on her body -- one of which said "Jean," and another "Lil Wayne," a reference to the famous rapper. 

The bodies, all women, were found about 100 to 200 yards apart, and authorities say the victims were killed in the previous six to 10 days.

Police and volunteers scoured about 40 empty homes Sunday for more evidence until their search was suspended, with no immediate plans to resume, Police Chief Ralph Spotts said. Norton said Monday that no bodies were found, but Spotts stressed that the investigation remained open.

It's the third recent high-profile case in the Cleveland area that involves missing women.

In May, three women who separately vanished about a decade ago were found captive in a run-down house. Ariel Castro, a former school bus driver, has been charged with nearly 1,000 counts of kidnap, rape and other crimes and has pleaded not guilty.

Castro is accused of repeatedly restraining the women, sometimes chaining them to a pole in a basement, to a bedroom heater or inside a van. The charges say one of the women tried to escape and he assaulted her with a vacuum cord around her neck. He also fathered a daughter with one captive, authorities said.

In 2009, Sowell was arrested after a woman escaped from his house and said she had been raped there. Police found the mostly nude bodies of 11 women throughout the home.

Sowell's victims ranged in age from 24 to 52, all were recovering or current drug addicts and most died of strangulation; some had been decapitated, and others were so badly decomposed that coroners couldn't say with certainty how they died.

He was found guilty in 2011 and sentenced to death.

FoxNews.com's Cristina Corbin and The Associated Press contributed to this report. 

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