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2 F`BI agents killed: FBI Agents Killed during Training Accident in Virginia. 2 FBI agents have been killed during a training accident in Virginia. on Friday afternoon. News hit the internet on May 19 after a spokesperson released details to the media. According to ABC News, the accident occurred off the Virginia Beach coast. The spokesperson gave very few details about what happened but did confirm that 2 agents were killed during a drill of sorts. According to the report, the agents were part of the Hostage Rescue Team based in Quantico. It is unknown what they were doing or how they died but a cause of death and more details are expected some time this week. The 2 FBI agents killed were Christopher Lorek and Special Agent Stephen Shaw according to Fox News. The two men were likely involved in some sort of equipment malfunction or perhaps a motor vehicle accident. Since they did die while on the job, one would have to imagine that they were training for a situation that could have

Venezuela has suspended operations in its territory by the small Curacao-based airline Dutch Antilles Express (DAE) due to alleged breaches of security. _0"> A statement by Venezuela's Civil Aviation authority (INAC) said it had repeatedly sanctioned the airline for lapses over itineraries and times, as well as service quality failings. "INAC agrees to suspend, as a cautionary measure, the operations of the DAE airline in the territory of the Bolivarian Republic of Venezuela, as a result of the presumed non-observance of aeronautical security norms," it said in the statement late on Tuesday.   The airline runs flights around the Caribbean, the United States and Venezuela. There was no mention of Venezuela's measure on its web site flydae.com and calls to its head office went unanswered. Venezuelan authorities have had a fractious relationship with some carriers over difficulties in repatriating profits due to strict currency controls here. Some local

Pamplona Capital Management said it acquired two U.S.-based companies -- Coinmach Service Corp, a provider of laundry services, and AIR-serv Group, which provides vacuum services and tyre inflation for cars -- for a combined $1.4 billion. _0"> The two companies will be combined to form CSC ServiceWorks Inc, London-based private equity fund Pamplona said in a statement on Wednesday.   The transaction was financed by a $795 million first-lien term loan, as well as a $325 million second-lien term loan that was fully underwritten by Pamplona. Morgan Stanley was the financial adviser and Kirkland & Ellis the legal adviser to Pamplona. Evercore Partners and Deutsche Bank were the financial advisers to CSC ServiceWorks and White & Case was the legal adviser.

Air Berlin said it would be able to secure its survival without further help from partner Etihad Airways, even after it posted a larger-than-expected loss in the first quarter.   "Our goal is very clear. We have to secure our survival from our own internal strength," Chief Executive Wolfgang Prock-Schauer told reporters on Wednesday. Germany's second-biggest carrier, almost 30 percent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million), causing its shareholders' equity to turn negative - meaning its liabilities exceeded its assets. Air Berlin's finances have been deteriorating for several years as it struggled to halt losses and manage its debts following a period of aggressive growth. Some analysts have had a close eye on the size of its equity compared with its debt as a key indicator of financial health. The group's shareholders' equity was minus 53.1 million euros at the end of Ma

German auto parts and tyre maker Continental said it was kept in the dark about the decision of debt-laden top investor Schaeffler to quit a five-year-old investment accord and does not know how their future relationship will evolve. Family-owned Schaeffler, which makes industrial bearings and transmission parts, said on Monday it would end a 2008 agreement designed to temporarily limit its stake in Continental to 49.99 percent to resolve a past row over control of Europe's second-largest car-parts maker. Hanover-based Continental expects its "well-functioning and goal-oriented cooperation" with Schaeffler to continue even without the agreement but was not briefed about the move, Chief Executive Elmar Degenhart said on Wednesday.   "A joint termination (of the accord) was not discussed," the CEO said at the annual general meeting which was attended by Schaeffler owners Maria-Elisabeth Schaeffler and Georg F.W. Schaeffler who remained silent during the four

Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months. Wal-Mart, the world's biggest retailer, said it does not plan to sign a fire-and-building safety agreement backed by some of Europe's biggest apparel brands because it believes its own safety inspection plans will get faster results.   Wednesday is the deadline for retailers to decide whether to join the consortium, led by labor groups such as Europe's IndustriALL, which said at least 24 garment and retail brands sourcing from Bangladesh had signed up so far. Other U.S. retailers including Gap Inc said they would not join the European pact without changes to the way conflicts are resolved in the courts. U.S. companies have been reluctant to join any industry accord that creates legally binding objectives. "Walmart believes it

Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources. Austerity measures to reduce debt in the EU has crimped construction and manufacturing in the region, battering steel demand. Now, the financial sector's reluctance to lend to the steel industry is threatening billions of euros of existing loans, as well as future funding, sources said this week. Stemcor, the world's largest independent steel trader, has given way to the darkening outlook, as expectations for pickup in 2013 have so far failed to materialize.   Having failed to refinance an $850 million loan the company is now seeking a standstill agreement with banks under which banks agree not to ask for repayment and work with the company to restructure the debt or extend its maturity. ID:nL6N0DQ37V] This follows the collapse of smaller steel players such as traders