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AMR loses bid to terminate retiree benefits

By Nate Raymond NEW YORK (Reuters) - A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees. U.S. Bankruptcy Judge Sean Lane in New York rejected a motion AMR made in 2012 for a ruling holding that the health and welfare benefits it provided retirees had not vested and could be unilaterally modified.

US senator: Metro-North hit with $552,000 in safety violation fines over past decade

NEW HAVEN, Conn. - Metro-North, the nation's second-largest commuter railroad, has been fined $552,000 over the past decade for safety violations and defects, U.S. Sen. Richard Blumenthal said Friday. The Connecticut Democrat announced the fines for 139 violations since 2004 in his latest bid to draw attention to what he describes as a need to restore safety and reliability to the railroad.

Powerful earthquake rattles Mexico, shakes buildings

By Dave Graham MEXICO CITY (Reuters) - A powerful earthquake shook Mexico on Friday, damaging more than 100 homes in the southwestern state of Guerrero and opening cracks in some buildings but there were no reports of deaths. Striking close to the popular beach resort of Acapulco, the 7.2 magnitude quake sent people scurrying out of homes and hotels, causing brief panic from the Pacific coast to states in central and eastern parts of Mexico.

Cycling: Gilbert aiming for hat-trick at Amstel Gold

Former world champion Philippe Gilbert will set off in Sunday's Amstel Gold Race as one of the hot favourites for victory. The 31-year-old Belgian, who won back-to-back Amstel races in 2010 and 2011, proved he is back on form after missing the cobbled Classics in the previous two weeks when he sprinted to victory in Wednesday's De Brabantse Pijl. The BMA rider had opted to skip the Tour of Flanders and Paris-Roubaix in order to prepare for his favoured races in the Ardennes.

US raises pressure on Russia over deal

The United States ramped up the pressure on Moscow on Friday, urging "full and immediate compliance" of a four-way agreement on Ukraine and warning of new sanctions if Russia fails to do so. It came as the deal, struck Thursday in Geneva between the US, European Union, Ukraine and Russia, appeared to stall because of intransigence by Moscow-backed rebels in the former Soviet republic.

Questions on bubble as tech momentum fades

After the tech euphoria of 2013, the fast-moving sector has hit a speed bump. The wobbly action of 2014 is still an open question: is this a correction, bear market or a bubble like the catastrophic dot-com boom and bust of 1999-2000? By some measures, segments of the tech sector look to be over the top, even after recent slumps. "There are some astronomical valuations out there," says Roger Kay, an analyst who follows tech companies at Endpoint Technologies.

White House: no comment on Bieber deportation petition

Troubled pop star Justin Bieber has had high-profile run-ins with the law recently but the White House doesn't appear set to add to his growing catalogue of woes. Just under 275,000 people have added their names to a petition on the White House website calling for the Canadian's deportation from the US, easily surpassing the threshold of 100,000 signatures required for presidential consideration. But the White House said Friday it would not comment, citing terms in its "We the People" program that allows it to decline certain petitions.

Football: Wenger defiant ahead of Hull Cup final 'warm-up'

Arsene Wenger insists his Arsenal side have made progress this season despite once again facing a battle to hold on to a top four spot. Wenger's side travel to Hull on Sunday in the fourth and final Champions League place, a point clear of Everton who handed the Gunners an advantage by unexpectedly losing at home to Crystal Palace in midweek. With four Premier League games remaining, Arsenal -- who last season secured fourth spot on the final day of the campaign -- are narrow favourites to fend off the challenge of Roberto Martinez's side.

Russia warns US against further sanctions as Ukraine deal stalls

Russia said its military is massed on Ukraine's doorstep and warned against further US sanctions as a deal struck with Washington appeared to stall because of intransigence by Moscow-backed rebels in the former Soviet republic. A threat by US President Barack Obama that more sanctions would befall Moscow if the agreement, reached Thursday with Ukraine and the EU, failed was "absolutely unacceptable," Kremlin spokesman Dmitry Peskov told Russian television.

Russia warns US against further sanctions as Ukraine deal stalls

Russia said its military is massed on Ukraine's doorstep and warned against further US sanctions as a deal struck with Washington appeared to stall because of intransigence by Moscow-backed rebels in the former Soviet republic. A threat by US President Barack Obama that more sanctions would befall Moscow if the agreement, reached Thursday with Ukraine and the EU, failed was "absolutely unacceptable," Kremlin spokesman Dmitry Peskov told Russian television.
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