Delta buys into Virgin Atlantic







Delta Air Lines has agreed a deal to buy Singapore Airlines’ 49% stake in Virgin Atlantic for $ 360m (£224m).






Virgin Group and Sir Richard Branson will retain a 51% shareholding, and the Virgin brand will remain in place, the new partners said in a joint statement.


The deal is subject to regulatory approval in the US and Europe.


It follows a spat between Sir Richard and Willie Walsh, boss of BA-owner International Airlines Group over the future of Virgin Atlantic.


Earlier, Mr Walsh offered to wager a “knee in the groin” in a bet with Sir Richard over whether the Virgin brand would still be around in five years.


He was responding to a £1m bet offered by Sir Richard on Monday.


‘Exciting day’


Virgin and Delta said the deal would allow allow them to “overcome slot constraints” and offer more flights from Heathrow.


The carriers will operate 31 peak-day round trips between the UK and North America.


“Our new partnership with Virgin Atlantic will strengthen both airlines and provide a more effective competitor between North America and the UK, particularly on the New York-London route,” said Delta boss Richard Anderson.


Sir Richard said it was an “exciting day” in Virgin’s history.


“It signals the start of a new era of expansion, financial growth and many opportunities for our customers and our business.”


Singapore Airlines is selling its stake, which it has owned since 1999, because of increased competition in its local market.


Low-cost airlines in particular have mushroomed, threatening more traditional carriers like Singapore Airlines.


Singapore Airlines has itself launched a low-cost carrier, called Scoot, and has been putting money into its regional service, SilkAir.


BBC News – Business


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Australian prank call radio to donate profits to nurse’s family






CANBERRA (Reuters) – The Australian radio station behind a prank call to a British hospital will donate its advertising revenue until the end of the year to a fund for the family of the nurse who apparently took her own life after the stunt, the company said on Tuesday.


Southern Cross Austereo, parent company of Sydney radio station 2Day FM, said it would donate all advertising revenue, with a minimum contribution of A$ 500,000 ($ 525,000), to a memorial fund for the nurse, Jacintha Saldanha, who answered the telephone at the hospital treating Prince William’s pregnant wife, Kate.






The company has suspended the Sydney-based announcers, Mel Greig and Michael Christian, scrapped their “Hot 30″ programme and suspended advertising on the station in the wake of the Saldanha’s death. Southern Cross said it would resume advertising on its station from Thursday.


“It is a terrible tragedy and our thoughts continue to be with the family,” Southern Cross Chief Executive Officer Rhys Holleran said in a statement.


“We hope that by contributing to a memorial fund we can help to provide the Saldanha family with the support they need at this very difficult time.”


(Reporting by James Grubel; Editing by Robert Birsel)


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BlackBerry Messenger 7 adds free Wi-Fi voice calling, split-screen multitasking and more






Research in Motion (RIMM) updated its BlackBerry Messenger to version 7 on Monday, adding a new key feature called “BBM Voice” that “will allow customers to make free voice calls to their BBM contacts around the world over a Wi-Fi connection.” BBM 7 also introduces multitasking with split-screen, which allows users to BBM, check email, or use other apps while on a BBM Voice call; new compatibility with Bluetooth headsets and accessories, 16 new emoticons; direct BBM Update Notification that provides in-app alerts when new versions of an app are available and an easier way to synchronize BBM profiles; Groups; and Contacts with BBIDs for simpler backup and restores. BBM 7 is available as a free update for all BlackBerry smartphones running BlackBerry 6 OS or higher. Users on BlackBerry OS 5 will get BBM Voice “early next year.”


“BBM began as a convenient and effective business messaging tool, and today it is an essential part of daily communications for customers around the world,” said T.A. McCann, RIM’s Vice President of BBM and Social Communities. ”Now, with BBM version 7, customers have a new option: they can text and talk with their BBM contacts near and far, for free.”






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Springsteen, Lady Gaga join Stones concert in NJ






NEW YORK (AP) — Bruce Springsteen, Lady Gaga and The Black Keys will join the Rolling Stones on Saturday for the final concert marking the band’s 50th anniversary.


The concert will be held at the Prudential Center in Newark, N.J.






The band said Monday the concert will be telecast live on pay-per-view.


The Stones have played in London and New York on their “50 and Counting” tour. They will also play in Newark on Thursday.


The Stones will perform Wednesday at the “12-12-12″ concert at Madison Square Garden in New York City to raise money for victims of Superstorm Sandy.


___


Online:


http://www.rollingstones.com/


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UK chooses doctor as new head of NICE






LONDON (Reuters) – Britain’s health ministry named a former practising doctor, David Haslam, as the preferred candidate to chair the country’s healthcare cost-effectiveness watchdog NICE on Monday.


Haslam will take over as chairman of the renamed National Institute for Health and Care Excellence (NICE) from Michael Rawlins, assuming he passes scrutiny by a committee of MPs.






Rawlins, who has chaired NICE since its creation in 1999, is due to step down in March 2013.


During his time at the helm of the agency, Rawlins has made NICE a powerful force in the pharmaceutical industry with its hard-nosed approach to deciding whether or not pricey new drugs should be used on the state health service.


Haslam, who already leads the NICE Evidence Accreditation Advisory Board, is the immediate past president of the British Medical Association.


NICE will change its official title from the National Institute for Health and Clinical Excellence next year.


(Reporting by Ben Hirschler; editing by Kate Kelland)


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China Nabs Airplanes and Batteries in Latest U.S. Shopping Spree






China’s U.S. shopping spree continues.


On Dec. 9, Chinese auto parts and technology company Wanxiang Group won a bankruptcy auction to acquire lithium-ion battery-maker A123 Systems for $ 256.6 million, beating out competing bids by Johnson Controls, Siemens (SI), and NEC. And on Dec. 10, a consortium of Chinese financial firms agreed to purchase AIG’s aviation-leasing business for $ 4.26 billion, setting a new record for the value of a single U.S. deal by a Chinese acquirer.






The Wanxiang win follows an earlier unsuccessful bid that foundered in August over national security concerns in the U.S. Congress, and was followed by A123’s bankruptcy filing on Oct. 16. The Waltham (Mass.)-based company had supplied its automotive batteries to the U.S. military and had also secured a $ 249 million federal grant to build factories in the U.S.—both issues raised by U.S. congressional members at the time. Separately, a congressional report released Oct. 8 alleged that China’s two largest telecom equipment manufacturers, Huawei Technologies and ZTE, are a security threat and should be blocked from acquiring U.S. companies.


Now, Wanxiang is excluding all military contracts held by A123 from its planned purchase. Navitas Systems, a Woodridge (Ill.)-based company, instead will spend $ 2.25 million to purchase A123’s government business. The asset sales must first get court approval from a U.S. bankruptcy judge at a hearing on Dec. 11.


“We think we have structured this transaction to address potential national security concerns expressed during the review of our previous investment agreement with Wanxiang announced in August as well as to address concerns raised by the Department of Energy,” A123 Chief Executive Officer Dave Vieau said in a statement.


Wanxiang has already invested in some two dozen ailing factories, mainly in the Midwest, and has recently been putting money into cleantech. In May, it closed a deal to invest $ 1.25 billion in Great Point Energy, a company in Cambridge, Mass., that converts coal to natural gas. The U.S. is a “gold mine” of opportunities for Wanxiang, Pin Ni, the head of U.S. operations and president of Wanxiang America, told Bloomberg Businessweek in October. “Any Chinese company that wants to be a global company can’t miss out on the U.S. market.”


These latest deals could cap a record-setting year with Chinese companies spending more than $ 8 billion to acquire American companies, up almost 50 percent from 2011. Chinese investment has flowed into at least 37 states and most major cities and is diversifying beyond the big energy asset purchases that have defined it in the past, according to Thilo Hanemann, research director at Rhodium Group, a China-focused consultant. Now also popular: entertainment, aluminum production, and financial services, with Chinese companies already supporting close to 30,000 jobs in the U.S. (Not that energy deals are no longer happening: Sinopec (SNP) is spending $ 2.5 billion purchasing oil and gas assets of Devon Energy (DVN), for example.)


More China deals are likely imminent. After spending $ 2.6 billion to purchase Kansas City (Mo.)-based AMC Entertainment, with 4,865 screens in 338 multiplex theaters in the U.S., Beijing-based Wanda Group is now talking to several Hollywood studios about signing a joint production and financing agreement. Also possible: buying an international hotel firm, with $ 10 billion earmarked for investment in the U.S., Wanda’s chairman, Wang Jianlin, told Bloomberg Businessweek on Dec. 3.


Wanxiang’s planned purchase, as well as the Chinese consortium’s bid for the AIG aviation-leasing arm, must still be reviewed by the Committee on Foreign Investment in the U.S., a multi-agency group headed by the Treasury Department that vets foreign purchasers of U.S. assets for national security concerns. And despite Wanxiang’s decision to exclude government contracts from the A123 purchase, not everyone is convinced that resolves the potential security risks.


“There are no protections, assurances or carve-outs that Wanxiang could offer as part of its offer that would ensure this technology would not benefit Chinese industries and military—to the detriment of those in the United States,” wrote Representative Marsha Blackburn (R-Tenn.) in a Dec. 7 blog post. “The administration must review and then reject any deal involving Wanxiang. A123 Systems was born out of American innovation, and we must ensure that it stays here—for our national and economic security,” wrote Blackburn, the vice chairman of the House Energy and Commerce Committee.


Businessweek.com — Top News


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McAfee wants to return to US, ‘normal life’






BACALAR, Mexico (AP) — Software company founder John McAfee said Sunday he wants to return to the United States and “settle down to whatever normal life” he can.


In a live-stream Internet broadcast from the Guatemalan detention center where he is fighting a government order that he be returned to Belize, the 67-year-old said “I simply would like to live comfortably day by day, fish, swim, enjoy my declining years.”






Police in neighboring Belize want to question McAfee in the fatal shooting of a U.S. expatriate who lived near his home on a Belizean island in November.


The creator of the McAfee antivirus program again denied involvement in the killing during the Sunday Internet video hook-up, during which he answered what he said were reporters’ questions.


His comments were sometimes contradictory. McAfee is an acknowledged practical joker who has dabbled in yoga, ultra-light aircraft and the production of herbal medications.


The British-born McAfee first said that returning to the United States “is my only hope now.” But he later added, “I would be happy to go to England, I have dual citizenship.”


He was emphatic that “I cannot ever return to Belize …. there is no hope for my life if I am ever returned to Belize.”


“If I am returned,” he said, “bad things will clearly happen to me.”


He descibed the health problems that had him briefly hospitalized earlier this week after Guatemalan authorities detained him for entering the country illegally. He apparently snuck in across a rural, unguarded spot along the border.


“I did not eat for two days, I drank very little liquids, and for the first time in many years I’ve been smoking almost non-stop,” he said. “I stood up, passed out hit my head on the wall, came to,” though he now said he was feeling better.


McAfee praised the role his 20-year-old Belizean girlfriend, Samantha Vanegas, played in his escape from Belize, where he claims he is being persecuted by corrupt politicians. Authorities in Belize deny that they are persecuting him and have questioned his mental state.


“Sam saved the day many times” during their escape, he said, and suggested he would take her with him to the United States if he is allowed to go there.


He confirmed that journalists from Vice magazine who accompanied him on his escape after weeks of hiding in Belize had unwittingly posted photos with embedded data that revealed his exact location.


“It was an error anyone could make,” he said, noting they were under a lot of pressure at the time.


McAfee has led an eccentric life since he sold his stake in the anti-virus software company named after him in the early 1990s and moved to Belize about three years ago to lower his taxes.


He told The New York Times in 2009 that he had lost all but $ 4 million of his $ 100 million fortune in the U.S. financial crisis. However, a story on the Gizmodo website quoted him as describing that claim as “not very accurate at all.”


McAfee’s Guatemalan attorney, Telesforo Guerra, says that he has filed three separate legal appeals in the hope that his client can stay in Guatemala, where his political asylum request was rejected.


Guerra said he filed an appeal for a judge to make sure McAfee’s physical integrity is protected, an appeal against the asylum denial and a petition with immigration officials to allow his client to stay in this Central American country indefinitely.


The appeals could take several days to resolve, Guerra said. He added that he could still use several other legal resources but wouldn’t give any other details.


Fredy Viana, a spokesman for the Immigration Department, said that before the agency looks into the request to allow McAfee to stay in Guatemala, a judge must first deal with the appeal asking that authorities make sure McAfee’s physical integrity is protected.


“We won’t look into (allowing him to stay) until the other appeal is resolved,” Viana said. “The law gives me 30 days to resolve the issue.”


McAfee went on the run last month after Belizean officials tried to question him about the killing of Gregory Viant Faull, who was shot to death in early November.


McAfee acknowledges that his dogs were bothersome and that Faull had complained about them, but denies killing Faull. Faull’s home was a couple of houses down from McAfee’s compound in Ambergris Caye, off Belize’s Caribbean coast.


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#OccupyCheerios: A Facebook Revolt






It wasn’t an obvious forum for an anti-GMO protest.


A YouTube video posted on Cheerio’s Facebook page depicts an elderly woman leaning over the highchair of her infant grandchild, cooing about family and the holidays, drawing a map with pieces of cereal representing relative’s far-flung houses. “But don’t you worry,” the grandmother says, pushing two Cheerios together, “we’ll always be together for Christmas.”






More than 1,200 users have commented on the vintage Cheerios commercial since it was posted last week, expressing outrage over the General Mills-owned brand’s use of genetically modified ingredients. Commenters have also been critical—like heavy-exclamation-points-use critical—of General Mills’ significant financial support of Prop. 37, California’s defeated GMO-labeling ballot initiative


Comments like “Can you please inform the public exactly why it is that General Mills spent $ 1.2 million to keep consumers in the dark about GMOs????” and “Nostalgic old commercials are no substitute for healthy ingredients. I won’t buy Cheerios until they are GMO-free” are a far cry from the stories of spending holidays with family—and perhaps a bit of Cheerios nostalgia—the post was surely intended to elicit.


The protest campaign was stoked by GMO Inside, an organization born of the failed Yes on 37 campaign. The group also called on people to comment-bomb a Cheerios app, which has since been removed from the company’s Facebook page. But beyond that, Cheerios’ response to the criticism has been . . . nothing. Anti-GMO comments are still piling up on the post, and no new material has been added to page in order to bury the video in the timeline.


Do 1,256 comments (and counting) cancel out $ 1.2 million of anti-Prop. 37 funding? Of course not. But just as the Occupy-style tactics being employed by protesters at Cooper Union and the Michigan State Capitol exhibit, showing up and voicing an opinion can be a powerful gesture, even if it’s not overpowering. 


Similar stories on TakePart


• Will GMOs Spell the End of Mexican Maize?


• Kellogg Recalls 2.8 Million Boxes of Cereal Due to Hazardous Metallic ‘Surprise’


• Anna Breslaw’s 600-Word Sprint: Nude Protests, Stripped Down



Willy Blackmore is the food editor at TakePart. He has also written about food, art, and agriculture for such publications as Los Angeles Magazine, The Awl, GOODLA Weekly, The New Inquiry, and BlackBook. Email Willy | TakePart.com


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Comedian Katt Williams arrested near Sacramento












SACRAMENTO, Calif. (AP) — Comedian Katt Williams has been arrested in northern California on a felony warrant related to a police chase.


The Sacramento Bee reports (http://bit.ly/UNq5QW ) that Williams was arrested Friday night in Dunnigan, about 25 miles north of Sacramento, by Yolo County deputies.












The paper says he was released from the county jail Saturday after posting bail.


The sheriff’s department confirmed Williams’ arrest late Saturday, but staffers on duty didn’t have details. A spokesman for the comedian didn’t immediately return a call and email.


The California Highway Patrol says Williams fled officers on a three-wheeled motorcycle on Nov. 25 after being spotted driving on a downtown Sacramento sidewalk.


The CHP said Williams was asked to stop and refused, leading to the pursuit.


The CHP says Williams nearly hit five people during the chase, which police ended for safety reasons.


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Factbox: Chavez’s chosen successor Nicolas Maduro












CARACAS (Reuters) – President Hugo Chavez has named Vice President Nicolas Maduro as the heir of his self-styled socialist revolution should cancer force him out of office. He urged Venezuelans to vote for Maduro in the event of a snap election.


Here are some facts about Maduro:












* A former bus driver and trade unionist with Caracas public transport, the mustachioed Maduro, 50, has been foreign minister since 2006 and also was named vice president in October.


* As foreign minister, he has been a faithful ambassador of Chavez’s views, including often radical critiques of global affairs from a hard left-wing stance.


* Maduro has won plaudits from foreign diplomats for his affable, easygoing manner. “He’s the smoothest and least prickly of all the top Chavistas to deal with,” one European envoy said.


* Maduro has been increasingly close to Chavez since his first cancer diagnosis in mid-2011, often at his side in Havana and giving brief updates to Venezuelans, although without giving away too many details of his boss’s condition.


* Maduro’s trade union background appeals to Chavez’s working-class supporters and he is highly respected among the president’s inner circle. Past polls have shown that opposition leader Henrique Capriles would beat him in an election but analysts say that could change in a new electoral scenario given that Maduro would have Chavez’s blessing.


* Maduro was elected in 2000 as a deputy to the National Assembly, where his combative defense of Chavez’s policies made him one of the president’s favored protégés.


* He rose to become president of the legislature, and upon becoming foreign minister passed his previous post to his wife, Cilia Flores, a lawyer who became the first woman to serve as National Assembly president, between 2006 and 2011.


* When Chavez was sent to prison following his failed coup attempt in 1992, it was Flores who led the legal team that won his freedom two years later. She now serves as the country’s attorney general. She and Maduro are seen as a “power couple” in government circles.


* Chavez’ endorsement of Maduro has sidelined ambitions of other powerful Socialist Party figures such as Diosdado Cabello, who was widely considered a candidate for the top job in the future. Cabello, a military man with close ties to the armed forces and business, is not as well liked as Maduro among Venezuelans. He immediately pledged loyalty to both Chavez and the vice president after Chavez made his announcement.


(This story removed extraneous word from the first paragraph)


(Editing by Bill Trott)


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