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  • DUESSELDORF, Germany, March 27- The pilot who crashed a plane in the French Alps had received a sick note from doctors showing he suffered a health condition that would have prevented him flying the day of the crash, which he apparently hid from his employer, German prosecutors said. "Documents with medical contents were confiscated that point towards an existing...

  • AMSTERDAM, March 27- Lights were coming back on in the Amsterdam region after a power outage on Friday morning that lasted over two hours and caused blackouts across the city, including at its airport, public transport, hospitals and its financial district. Major delays were expected at Amsterdam's Schiphol airport as a result of the outage, which briefly caused...

  • ATHENS, March 27- Greece's outspoken Finance Minister Yanis Varoufakis is not planning to resign, two Greek government officials said on Friday, denying a report in Germany's Bild newspaper. After a celebrity photo shoot with his wife for Paris Match magazine angered officials from the ruling Syriza party, Varoufakis has appeared on fewer television shows...

  • Federal Reserve Vice Chair Stanley Fischer said on Friday that the nonbank financial sector today is less vulnerable to the type of shocks that played a key role in spreading the U.S. financial crisis. Fischer, who chairs a Fed subcommittee on financial stability, said there is less leverage, less use of securitization, and more moderate reliance on short-term...

  • MONTABAUR, Germany, March 27- The German pilot believed to have deliberately crashed a plane in the French Alps killing 150 people broke off his training six years ago due to depression and spent over a year in psychiatric treatment, a German newspaper reported on Friday. The story in German tabloid Bild came a day after French prosecutors said they believed...

  • AMSTERDAM, March 27- A major power outage hit large parts of Amsterdam and the surrounding province of North Holland on Friday, prompting the cancellation of all flights to and from the city's Schiphol airport. The outage was caused by a "technical fault" at a substation in the Amsterdam suburb of Diemen, it said on its Twitter feed. Frankfurt airport operator...

  • MONTABAUR, Germany— Germanwings co-pilot Andreas Lubitz appears to have hidden evidence of an illness from his employers, including having been excused by a doctor from work the day he crashed a passenger plane into a mountain, prosecutors said Friday. Such sick notes from doctors excusing employees from work are common in Germany and issued even for minor...

  • He told reporters in Barcelona that he feels no anger toward co-pilot Andreas Lubitz, accused of crashing the Airbus A320 into the French Alps, killing all 150 people on board. Robert Oliver worked for a clothing company in Barcelona, where his parents also live. Prosecutors in the western city of Duesseldorf say they seized medical documents from the home of...

  • DIARY- Top Economic Events to April 9 Thursday, 26 Mar 2015 | 8:02 PM ET

    SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "Monetary Policy" before the Federal Reserve Bank of San Francisco Conference: The New Normal for Monetary Policy- 1945 GMT. PRISHTINA- European Central Bank's Deputy Director General International& European Relations, Gilles Noblet, speaks at an event to celebrate the conclusion of a...

  • PARIS/ SEYNE-LES-ALPES, March 26- A young German co-pilot barricaded himself alone in the cockpit of Germanwings flight 9525 and apparently set it on course to crash into an Alpine mountain, killing all 150 people on board including himself, French prosecutors said on Thursday. They offered no motive for why Andreas Lubitz, 27, would take the controls of the...

  • NEW YORK— Airline pilots are supposed to be the ones we trust. "In the near term, pilots will be looked at with a bit more suspicion," said former US Airways pilot John M. Cox, now CEO of the consulting firm Safety Operating Systems. Since the Sept. 11 terrorist attacks, aviation security has focused on protecting pilots from passengers— not the other way around.

  • Business events scheduled for the coming week Thursday, 26 Mar 2015 | 2:41 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m.. WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m..

  • *Named as Andreas Lubitz, a German citizen. After listening to "black box" voice recordings, French prosecutors left no doubt that they believe 28- year-old Andreas Lubitz was in control of the Airbus A320 and set it on its fatal descent. Prosecutors in the German city of Duesseldorf said police were searching his home for evidence.

  • DETROIT, March 26- The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S....

  • Pressure rises on Greece as savers drain bank deposits Thursday, 26 Mar 2015 | 11:25 AM ET

    The central bank of Greece said Thursday that private and business deposits dropped to 140.5 billion euros by the end of February. Some feared the clash could push Greece to bankruptcy and even cause it to fall out of the euro, a move that would devastate the country's financial system in the short term. Greece has its back against a wall as it badly needs money— it...

  • BERLIN, March 26- German Finance Minister Wolfgang Schaeuble said on Thursday that record low interest rates were causing considerable problems in Germany but added that he was not criticising the European Central Bank which needed to defend its inflation target. "We have an interest rate environment that is causing huge problems for us in Germany," he said at a...

  • *Named as Andreas Lubitz, a German citizen. Investigators and grieving relatives were left struggling to explain what motivated Andreas Lubitz, 28, to kill all 150 people on board the Airbus A320, including himself, in Wednesday's crash in the French Alps. He refused to re-open the door and sent plane into its fatal descent, Marseille prosecutor Brice Robin said.

  • Co-pilot was 'very happy' with Germanwings job Thursday, 26 Mar 2015 | 10:03 AM ET

    MONTABAUR, Germany— Andreas Lubitz never appeared anything but thrilled to have landed a pilot's job with Germanwings, according to those who helped him learn to fly as a teenager in this town in the forested hills of western Germany. Members of his hometown flight club in Montabaur, where he renewed his glider license last fall, told The Associated Press that the...

  • *Named as Andreas Lubitz, a German citizen. Andreas Lubitz gained sole control of the aircraft after the captain left the cockpit, refused to re-open the door and appears to have operated controls, sending the plane into its fatal descent, Marseille prosecutor Brice Robin said. He did this "for a reason we cannot fathom right now but which looks like intent to...

  • VIENNA, March 26- The European Central Bank has asked euro zone lenders to detail their exposure to Austria and provisions they plan to make after the country halted debt repayments by a "bad bank" winding down defunct lender Hypo Alpe Adria, financial sources told Reuters. Austria- which like Germany and Britain has already adopted ahead of schedule the new...