Airbus lost top spot to Boeing in 2012






TOULOUSE, France - European group Airbus lost its top spot as the world's biggest maker of airliners to the US giant Boeing last year, but did better than expected and sees big sales this year, it said on Thursday.

Publishing results just as Boeing is hit by a crisis of confidence in its Dreamliner plane after a series of incidents, Airbus said that last year it delivered 588 aircraft to 89 customers, a record after 534 deliveries in 2011.

But sales of the flagship superjumbo A380, the biggest airliner in the world, disappointed, coming in at about one third of the target figure after a problem was discovered with the wings which the company says is now behind it.

Airbus sold a total of 833 aircraft last year, far more than the initial target figure of 650, chief executive Fabrice Bregier told a press conference near where Airbus is based at Toulouse, southern France.

However, the sales figure was far lower than the record of 1,419 sales in 2011.

Boeing delivered 601 airliners last year and took 1,203 orders.

For this year, Airbus expects to take 700 orders, excluding any cancellations, and to deliver more than 600 planes.

The order book now total 4,682 planes representing about eight years of production work.

Airbus said that it hoped that its new long-range A350 aircraft would make its maiden flight at the end of June or beginning of July.

Referring to the A350, Bregier said: "We have made reasonable good progress but I will keep cautious until the end.

"For the first flight, we expect it by mid of this year which is a big milestone, mid means end of June or early July...We are not optimistic nor pessimistic but realistic."

He added: "I'm very humble. Lots of risks are behind us but I'm interested in what is in front (of us)."

Of the 833 net orders last year, allowing for 81 cancellations, 739 were for medium-range A320-type airliners, popular with low-cost airlines, and of those 478 were for the "neo" version with new more fuel-efficient engines. The orders also comprised 58 long-haul A330 aircraft and 27 of the future A350.

Airbus booked orders for nine of its A380 superjumbo jetliners.

Bregier said that Airbus, the main part of the giant European EADS aerospace group, had exceeded its targets in terms of new orders booked and of completed aircraft delivered, even though sales of the superjumbo had underperformed.

Airbus had counted on selling 30 of the superjumbos but this target was knocked off course by the discovery of micro-cracks in the wings which cooled some customer interest.

Bregier said that this problem had been "resolved" and said he expected that this year the company would take 25 orders and would also deliver 25 of the enormous aircraft.

Referring to the position of Airbus in the global market and to the "neo" version, Bregier observed: "When we do better than expected we can be satisfied. When we see we are still in the leading position on neo market, we can be satisfied."

He said: "We started earlier with a good product. If we do the right job and I plan to do the right job, it's a huge advantage."

In view of the rapid growth, the airline has recruited a net number of 7,000 people in the last two years, hiring 10,000 while 3,000 have left for normal reasons.

The company cut 10,000 jobs between 2007 and 2009 as it restructured after a severe crisis over delays to the superjumbo programme which revealed weaknesses in the industrial workflow system.

The company now employs 59,000 people and expects to recruit 3,000 this year.

This is in contrast to many substantial employers in France which are restructuring with big job cuts, and the economy as a whole is struggling to boost its export performance and raise the niche speciality of its industrial products.

The Airbus aircraft are built mainly in Germany, Britain and Spain, and in France where they are assembled in Toulouse.

- AFP/ir



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India mulls huge increase in Rafale order, may buy up to 189 fighter jets

PARIS: India could buy up to 189 of the Rafale fighter jets currently being used by France to bomb Islamist militants in Mali, sources close to negotiations on the multi-billion dollar deal have told AFP.

The possibility of an additional 63 jets being added to an expected order for 126 was raised during a visit by India's foreign minister Salman Khurshid to Paris last week, they said.

"There is an option for procurement of an additional 63 aircrafts subsequently for which a separate contract would need to be signed," a source said.

"Presently the contract under negotiation is for 126 aircraft but we are talking about the follow-up."

India's contemplation of a much bigger than anticipated extension of its airpower will inevitably cause concern in neighbouring Pakistan given the permanently simmering tensions between the two countries.

The Indian press has estimated the value of the deal for 126 Rafales at $12 billion (nine billion euros).

A 50 per cent increase in the number of planes ordered would take it to around $18 billion, in a huge boost for the struggling French defence industry, although much of the economic benefit will be shared with India.

New Delhi selected France's Dassault Aviation as its preferred candidate to equip the Indian Air Force with new fighter jets in January 2012.

Under the deal on the table, the first 18 Rafales will be built in France but the next 108 will be assembled in India by Hindustan Aeronautics Ltd in Bangalore.

"The first aircraft will be delivered three years after signature of the contract," the source added.

An industry expert said the time lag reflected India's request for two-seater jets rather than the one-seater model that Dassault currently produces.

India has insisted that the deal involves significant technology transfer and that Indian suppliers secure work equivalent to around half of the value of the contract.

"The negociations for off-sets are progressing well," the source added.

The conclusion of the deal has been repeatedly delayed, with India having initially set a target of the end of last year, which slipped to March 31, 2013, the end of the current fiscal year.

French defence sources said last week that was unlikely to be met but voiced confidence it would finally be done, a stance echoed by Khurshid on his visit to Paris.

"We know good French wine takes time to mature and so do good contracts," Khurshid said after a meeting with French Foreign Minister Laurent Fabius.

"The contract details are being worked out. A decision has already been taken, just wait a little for the cork to pop and you'll have some good wine to taste."

Dassault and the French government are hoping that India's decision will have a positive influence on other potential buyers of the Rafale, who include Brazil, which is in the market for 36 planes, Canada, Malaysia and the United Arab Emirates.

The Rafale was used in a combat situation for the first time during the French-led Nato campaign which deposed Libyan dictator Moamer Kadhafi in 2011 and they have been active in Mali since the weekend.

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6 Ways Climate Change Will Affect You

Photograph by AP Photo/Marcio Jose Sanchez

The planet keeps getting hotter, new data showed this week. Especially in America, where 2012 was the warmest year ever recorded, by far. Every few years, the U.S. federal government engages hundreds of experts to assess the impacts of climate change, now and in the future.

From agriculture (pictured) to infrastructure to how humans consume energy, the National Climate Assessment Development Advisory Committee spotlights how a warming world may bring widespread disruption.

Farmers will see declines in some crops, while others will reap increased yields.

Won't more atmospheric carbon mean longer growing seasons? Not quite. Over the next several decades, the yield of virtually every crop in California's fertile Central Valley, from corn to wheat to rice and cotton, will drop by up to 30 percent, researchers expect. (Read about "The Carbon Bathtub" in National Geographic magazine.)

Lackluster pollination, driven by declines in bees due partly to the changing climate, is one reason. Government scientists also expect the warmer climate to shorten the length of the frosting season necessary for many crops to grow in the spring.

Aside from yields, climate change will also affect food processing, storage, and transportation—industries that require an increasing amount of expensive water and energy as global demand rises—leading to higher food prices.

Daniel Stone

Published January 16, 2013

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Notre Dame: Football Star Was 'Catfished' in Hoax













Notre Dame's athletic director and the star of its near-championship football team said the widely-reported death of the star's girlfriend from leukemia during the 2012 football season was apparently a hoax, and the player said he was duped by it as well.


Manti Te'o, who led the Fighting Irish to the BCS championship game this year and finished second for the Heisman Trophy, said in a statement today that he fell in love with a girl online last year who turned out not to be real.


The university's athletic director, Jack Swarbrick, said it has been investigating the "cruel hoax" since Te'o approached officials in late December to say he believed he had been tricked.


Private investigators hired by the university subsequently monitored online chatter by the alleged perpetrators, Swarbrick said, adding that he was shocked by the "casual cruelty" it revealed.


"They enjoyed the joke," Swarbrick said, comparing the ruse to the popular film "Catfish," in which filmmakers revealed a person at the other end of an online relationship was not who they said they were.


"While we still don't know all of the dimensions of this ... there are certain things that I feel confident we do know," Swarbrick said. "The first is that this was a very elaborate, very sophisticated hoax, perpetrated for reasons we don't understand."






Mike Ehrmann/Getty Images











Tale of Notre Dame Football Star's Girlfriend and Her Death an Alleged Hoax Watch Video









Notre Dame's Athletic Director Discusses Manti Te'o Girlfriend Hoax Watch Video









MTV's 'Catfish' Series Pulls Back Curtain on Online Profiles Watch Video





Te'o said during the season that his girlfriend, Lennay Kekua, died of leukemia in September on the same day Te'o's grandmother died, triggering an outpouring of support for Te'o at Notre Dame and in the media.


"While my grandma passed away and you take, you know, the love of my life [Kekua]. The last thing she said to me was, 'I love you,'" Te'o said at the time, noting that he had talked to Kekua on the phone and by text message until her death.


Now, responding to a story first reported by the sports website Deadspin, Te'o has acknowledged that Kekua never existed. The website reported today that there were no records of a woman named Lennay Kekua anywhere.


Te'o denied that he was in on the hoax.


"This is incredibly embarrassing to talk about, but over an extended period of time, I developed an emotional relationship with a woman I met online," Te'o said in a statement released this afternoon. "We maintained what I thought to be an authentic relationship by communicating frequently online and on the phone, and I grew to care deeply about her."


Swarbrick said he expected Te'o to give his version of events at a public event soon, perhaps Thursday, and that he believed Te'o's representatives were planning to disclose the truth next week until today's story broke.


Deadspin reported that the image attached to Kekua's social media profiles, through which the pair interacted, was of another woman who has said she did not even know Te'o or know that her picture was being used. The website reported that it traced the profiles to a California man who is an acquaintance of Te'o and of the woman whose photo was stolen.


"To realize that I was the victim of what was apparently someone's sick joke and constant lies was, and is, painful and humiliating," Te'o said.






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Panel makes recommendations to raise quality of financial advisory industry






SINGAPORE : Singaporeans planning to buy insurance products can look forward to paying lower costs.

This comes after the Financial Advisory Industry Review Panel made a slew of recommendations to raise the quality and efficiency of the financial advisory industry.

They include proposals aimed at lowering the distribution costs of insurance products.

The panel reviewing the financial advisory industry has recommended measures that include raising the minimum education qualification of new financial advisers.

They also propose that a website be set up to make it easier for consumers to shop for financial products.

Lee Chuan Teck, assistant managing director for Capital Markets at the Monetary Authority of Singapore (MAS), said: "The panel recommends that MAS work with the industry to develop a web aggregator that allows consumers to easily compare pricing, benefits and other features of similar products offered by different insurers."

A survey by MAS found that 80 per cent of Singaporeans are not prepared to pay an upfront fee for financial advice.

This led the panel to focus on how to lower distribution costs for insurance-based products.

It has proposed the introduction of a direct channel for consumers to buy basic insurance products directly from the insurers.

Tan Hak Leh, president of the Life Insurance Association, Singapore, said: "Any measures that lead to greater transparency would increase competitiveness and each player would then need to find ways to stay competitive in the market."

However, the financial adviser's role will not be displaced.

A financial adviser's services would still be required to sell some products.

Augustine Lee, president of the Association of Financial Advisers (Singapore), said: "Insurance (products) normally are sold and not bought, so you still need to have independent financial advisers to help you in terms of decision making and choosing the right product."

The Consumers Association of Singapore has welcomed the latest recommendations.

It said the main beneficiaries would ultimately be the consumers.

Seah Seng Choon, executive director of the Consumers Association of Singapore, said: "The issue about under insurance for Singaporeans may be addressed, now that the distribution costs can be lowered through competition."

MAS said it will consult the public on these recommendations and then decide on their implementation.

- CNA/ms



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Hyundai to hike car prices from Feb 1 by up to Rs 20,000

NEW DELHI: Hyundai Motor India will increase prices of its vehicles by up to Rs 20,000 across all models by February 1.

"On account of rise in input cost and fluctuation in currency, we will increase the prices up to Rs 20,000 by February 1, 2013 across all the models starting from Eon to Santa Fe SUV," Hyundai Motor India Ltd (HMIL) Vice President, Sales and Marketing Rakesh Srivastava said.

The company sells a range of vehicles starting from the entry level hatchback Eon priced at Rs 2.77 lakh-Rs 3.83 lakh to luxury SUV Santa Fe tagged at Rs 22.61 lakh-25.63 lakh (ex-showroom Delhi).

Rival and market leader Maruti Suzuki India has increased the prices of its different models, except the imported sedan Kizashi and SUV Grand Vitara, by up to Rs 23,000 from today.

Post the increase the M800 will be costlier by up to Rs 2,500 from its existing price of Rs 2.08 lakh-Rs 2.33 lakh (ex-showroom Delhi). Similarly, the company's hot selling model Swift will be dearer by up to Rs 5,000 from the current price of Rs 5.57 lakh-Rs 6.82 lakh (ex-showroom Delhi).

On the other hand, the company's compact sedan Dzire will see a price hike of up to Rs 10,000 from Rs 4.91 lakh-7.4 lakh (ex-showroom Delhi).

The company's multipurpose van Ertiga, currently priced at Rs 5.9 lakh-Rs 8.63 lakh, will become costlier by up to Rs 7,800. The steepest price increase of Rs 23,000 will be on the cargo version of its van Eeco, which was tagged at Rs 3.9 lakh (ex-showroom Delhi).

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Mars Rover Finds Intriguing New Evidence of Water


The first drill sample ever collected on Mars will come from a rockbed shot through with unexpected veins of what appears to be the mineral gypsum.

Delighted members of the Curiosity science team announced Tuesday that the rover was now in a virtual "candy store" of scientific targets—the lowest point of Gale crater, called Yellowknife Bay, is filled with many different materials that could have been created only in the presence of water. (Related: "Mars Has 'Oceans' of Water Inside?")

Project scientist John Grotzinger, of the California Institute of Technology in Pasadena, said during a press conference that the drill area has turned out "to be jackpot unit. Every place we drive exposes fractures and vein fills."

Mission scientists initially decided to visit the depression, a third of a mile from Curiosity's landing site, on a brief detour before heading to the large mountain at the middle of Gale Crater. But because of the richness of their recent finds, Grotzinger said it may be some months before they begin their trek to Mount Sharp.

The drilling, expected to start this month, will dig five holes about two inches (five centimeters) into bedrock the size of a throw rug and then feed the powder created to the rover's two chemistry labs for analysis.

The drill is the most complex device on the rover and is the last instrument to be used. Project Manager Richard Cook, of NASA's Jet Propulsion Laboratory, said that operating it posed the biggest mechanical challenge since Curiosity's high-drama landing. (Watch video of Curiosity's "Seven Minutes of Terror.")

A Watery Past?

That now-desiccated Mars once had a significant amount of surface water is now generally accepted, but every new discovery of when and where water was present is considered highly significant. The presence of surface water in its many possible forms—as a running stream, as a still lake, as ground water soaked into the Martian soil—all add to an increased possibility that the planet was once habitable. (Watch a video about searching for life on Mars.)

And each piece of evidence supporting the presence of water brings the Curiosity mission closer to its formal goal—which is to determine whether Mars was once capable of supporting life.

Curiosity scientists have already concluded that a briskly moving river or stream once flowed near the Gale landing site.

The discovery of the mineral-filled veins within Yellowknife Bay rock fractures adds to the picture because those minerals can be deposited only in watery, underground conditions.

The Curiosity team has also examined Yellowknife Bay for sedimentary rocks with the rover's Mars Hand Lens Imager (MAHLI).  Scientists have found sandstone with grains up to about the size of a peppercorn, including one shaped like a flower bud that appears to gleam. Other nearby rocks are siltstone, with grains finer than powdered sugar. These are quite different from the pebbles and conglomerate rocks found in the landing area, but all these rocks are evidence of a watery past. (Related: "A 2020 Rover Return to Mars?")

One of the primary reasons Curiosity scientists selected Gale crater as a landing site was because satellite images indicated that water-formed minerals were present near the base of Mount Sharp. Grotzinger said that the minerals' presence so close to the landing site, and some five miles from the mountain, is both a surprise and an opportunity.

The current site in Yellowknife Bay is so promising, Grotzinger said, that he would have been "thrilled" to find similar formations at the mission's prime destination at the base of Mount Sharp.  Now the mission can look forward to the surprises to come at the mountain base while already having struck gold.


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NRA Ad Calls Obama 'Elitist Hypocrite'


ap barack obama mi 130115 wblog NRA Ad Calls Obama Elitist Hypocrite Ahead of Gun Violence Plan

Pablo Martinez Monsivais/AP Photo


As the White House prepares to unveil a sweeping plan aimed at curbing gun violence, the National Rifle Association has launched a preemptive, personal attack on President Obama, calling him an “elitist hypocrite” who, the group claims, is putting American children at risk.


In 35-second video posted online Tuesday night, the NRA criticizes Obama for accepting armed Secret Service protection for his daughters, Sasha and Malia, at their private Washington, D.C., school while questioning the placement of similar security at other schools.


“Are the president’s kids more important than yours? Then why is he skeptical about putting armed security in our schools, when his kids are protected by armed guards at their school?” the narrator says.


“Mr. Obama demands the wealthy pay their fair share of taxes, but he’s just another elitist hypocrite when it comes to a fair share of security,” it continues. “Protection for their kids and gun-free zones for ours.”


The immediate family members of U.S. presidents – generally considered potential targets – have long received Secret Service protection.


The ad appeared on a new website for a NRA advocacy campaign – “NRA Stand and Fight” — that the gun-rights group appears poised to launch in response to Obama’s package of gun control proposals that will be announced today.


An NRA spokesman said the video is airing on the Sportsman Channel and on the web for now but may appear in other broadcast markets at a later date.


The White House had no comment on the NRA ad.


In the wake of last month’s mass shooting at Sandy Hook Elementary School, the Obama administration has met with a cross-section of advocacy groups on all sides of the gun debate to formulate new policy proposals.


The NRA, which met with Vice President Joe Biden last week, has opposed any new legislative gun restrictions, including expanded background checks and limits on the sale of assault-style weapons, instead calling for armed guards at all American schools.


Obama publicly questioned that approach in an interview with “Meet the Press” earlier this month, saying, “I am skeptical that the only answer is putting more guns in schools. And I think the vast majority of the American people are skeptical that that somehow is going to solve our problem.”


Still, the White House has been considering a call for increased funding for police officers at public schools and the proposal could be part of a broader Obama gun policy package.


Fifty-five percent of Americans in the latest ABC News/Washington Post poll say they support adding armed guards at schools across the country.


“The issue is, are there some sensible steps that we can take to make sure that somebody like the individual in Newtown can’t walk into a school and gun down a bunch of children in a shockingly rapid fashion.  And surely, we can do something about that,” Obama said at a news conference on Monday.


“Responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, they don’t have anything to worry about,” he said.


ABC News’ Arlette Saenz, Mary Bruce and Jay Shaylor contributed reporting. 


This post was updated at 9:32 am on Jan. 16 to reflect include comment from an NRA spokesman.

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Schumer to back Hagel as defense secretary



Schumer, the No. 3 Democrat and most senior Jewish senator, made the decision following a 90-minute meeting Monday in the West Wing, a secretive huddle that Schumer and White House officials kept under wraps until the decision to announce his support today.


“Senator Hagel could not have been more forthcoming and sincere,” Schumer said Tuesday in a statement. “Based on several key assurances provided by Senator Hagel, I am currently prepared to vote for his confirmation. I encourage my Senate colleagues who have shared my previous concerns to also support him.”

Schumer informed Obama of his decision Monday after the meeting with Hagel, phoning the former senator Tuesday morning to formalize his support, according to a Senate aide familiar with the discussion.

Schumer said that his support was sown up after Hagel -- who Obama formally nominated last week after a month of preparation -- committed to several positions regarding Iran that met with Schumer’s preference. As a two-term senator, Hagel had been unique in positions calling for direct talks the Iranian regime and opposing unilateral sanctions by the United States against the renegade regime. In a very detailed statement, Schumer said Hagel left no doubt that he would support a very aggressive posture toward Tehran.

“Senator Hagel rejected a strategy of containment and expressed the need to keep all options on the table in confronting that country. But he didn’t stop there,” Schumer said. “In our conversation, Senator Hagel made a crystal-clear promise that he would do ‘whatever it takes’ to stop Tehran from obtaining nuclear weapons, including the use of military force. He said his “top priority” as Secretary of Defense would be the planning of military contingencies related to Iran.”

Hagel also pledged to continue supporting the delivery of F-35 joint strike fighters to Israel and in general supported Israel’s right to a strong “Qualitative Military Edge”, as its leaders like to assert.

Schumer had become a key linchpin in the nomination battle, as many senior Republicans have expressed deep doubt about Hagel’s confirmation. If Schumer had opposed Hagel, then a crucial bloc of pro-Israel Democrats might have joined him and made confirmation impossible. Schumer’s announcement follows the public endorsement of Hagel by Sen. Barbara Boxer (D-Calif.), another prominent Jewish Democrat who is also a senior member of the Foreign Relations Committee.

White House officials made Schumer the first senator to formally meet with Hagel, whose views were not just a confirmation assurance, according to Schumer. “Senator Hagel realizes the situation in the Middle East has changed, with Israel in a dramatically more endangered position than it was even five years ago. His views are genuine, and reflect this new reality.”

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Bidding showdown over F&N expected on Jan 21






SINGAPORE: A corporate shoot out over Fraser & Neave is expected on January 21.

The Securities Industry Council (SIC) has said the final time by which TCC Assets or OUE Baytown can revise its offer is 5.30pm on January 21. Each party will either announce any revision to their current takeover bids or walkaway from the deal.

In a statement issued on Tuesday, SIC said that "given that neither TCC nor OUE Baytown has declared its offer final, the council considers that the company's shareholders should be provided with certainty to make their investment decisions in respect of the competing offers."

If either TCC or OUE makes a revised offer on January 21, then an "auction procedure" will kick-in.

TCC Assets on Tuesday extended its S$8.88 per share offer for F&N for the seventh time to January 21, the very same day that rival bidder OUE's offer expires. A consortium led by OUE made a S$9.08 per share bid for F&N in November 2012.

This, after a first bid by Thai tycoon Charoen Sirivadhanabhakdi through his investment assets, TCC and Thai Beverage, in September.

But given that the tug-of-war has been ongoing for several months, some experts said that the Securities Industry Council will not allow for an indefinite period of market uncertainty.

Shares of F&N have been trading above the offers made by TCC Assets and OUE, indicating that shareholders are expecting higher bids.

Fraser & Neave shares ended Tuesday up 0.1 per cent at S$9.70.

-CNA/ac



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