Moody's lowers Greece to junk status amid debt crisis
Moody's Investors Service cut Greece government bond ratings by four notches to junk with a stable outlook for 12 18 months. The downgrade, second after S&P, comes as EU IMF review begins and follows a 13.6 percent deficit in 2009. Officials insist reforms will stabilize debt service.
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Talks To Resume Between Spirit And Striking Pilots
Spirit Airlines and its striking pilots agreed to meet with mediators on Tuesday per the union, signaling potential progress. The National Mediation Board asked both sides to convene in Fort Lauderdale Florida, while the union said the strike would continue until a deal is approved. Spirit warned it would not fly before Thursday at the earliest, leaving about 16 000 daily passengers to arrange alternate travel. The carrier accounts for 1 percent of U S air traffic and has grounded travelers nationwide. Atlantic City International Airport in New Jersey sees Spirit as its largest local carrier with idle planes and few ticket seekers. Spirit offers credits for future flights or refunds by request via call.
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Microsoft unveils Kinect controller-free gaming at E3
Microsoft demonstrates Kinect, formerly Project Natal, a gesture and voice recognition system for Xbox 360. A Star Wars lightsaber game and a Rock Band style title show full motion control without a wand or mat. Kinect supports voice commands and video chat and launches November 4 in North America with pricing undisclosed.
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