U.S. company puts crowdsourcing to work in search for Malaysian jet
By Keith Coffman DENVER (Reuters) - A Colorado-based company has put crowdsourcing to work in the search for a missing Malaysia Airlines jetliner, inviting Internet users to comb through satellite images of over 1,200 square miles (3,200 square km) of seawater for any sign of wreckage, the company said on Tuesday. DigitalGlobe Inc used two of its satellites to collect imagery from an area between the Gulf of Thailand and the South China Sea where the Boeing 777-200ER with 239 passengers and crew on board was at first believed to have crashed after it went missing early on Saturday, the firm said on its website. The effort by DigitalGlobe was launched just before Malaysia's military indicated the flight might have gone way off course, which could place its last known location hundreds of miles from where DigitalGlobe collected satellite imagery for its crowdsourcing project.
British shoe-bomb plotter: Parents led him to quit
NEW YORK (AP) — A British man said Tuesday he backed out of an airplane shoe-bomb plot in 2001 after his parents said they wouldn't want a terrorist for a son, but not before successfully boarding and flying on planes over Europe with explosives.
US stocks edge lower in afternoon trading
Stocks eased back into the red Tuesday afternoon after briefly wandering higher earlier in the day as investors focused on companies such as General Motors, Men's Wearhouse and American Eagle Outfitters in the absence of major economic news.
SAC Capital takes new name after insider scandal
SAC Capital founder Steven A. Cohen Tuesday sought to turn a page following an insider-trading scandal, announcing plans to rename the firm that bears his initials. The once-mighty investment firm, which agreed in November to plead guilty to criminal charges of insider trading, will rename itself Point72 Asset Management, SAC president Tom Conheeney said in a memo to employees.
Ways eyed to make planes easier to find in ocean
WASHINGTON (AP) — For nearly five years, government and industry officials have been exploring a variety ways to make it easier to find airliners and their critical "black boxes" when they end up in the ocean.