Airplane cockpits are meant to be the last line of defense from outside aggressors. But what if the threat comes from the cockpit itself?
On Tuesday, a JetBlue pilot who was behaving erratically was physically restrained by passengers after his co-pilot locked him out of the cockpit. With chaos in the cabin, the plane, flying from New York to Las Vegas, was forced to make an emergency landing in Amarillo, Tex.
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Global Takeovers Drop in Quarter as Bankers See Revival
Global dealmaking slumped for a third straight quarter as chief executive officers funneled cash into share buybacks and new products, a trend that may reverse in the coming months as the economic recovery gains momentum.
Mergers and acquisitions so far this quarter fell 14 percent from the fourth quarter to $416 billion, making it the slowest three-month period in 2 1/2 years, according to data compiled by Bloomberg. Glencore International Plc’s (GLEN) $45 billion deal for Xstrata Plc (XTA) was the only announced purchase in the quarter that topped $8 billion.
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German effort to save euro zone comes at a cost
In the course of Europe’s economic crisis, Germany has pushed its neighbors into a new fiscal treaty, demanded that other governments take tough austerity measures, forced losses on private investors who hold Greek bonds and helped shove uncooperative politicians out of office.
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