Child-hostage taker, Ala. police keep up standoff

Updated at 12:10 p.m. ET

MIDLAND CITY, Ala. A standoff in rural Alabama went into a third day as police surrounded an underground bunker where authorities said a retired truck driver was holding a 5-year-old hostage he grabbed off a school bus after shooting the driver dead.

A normally quiet dirt road was teeming with activity Thursday around the siege that began late Tuesday. More than a dozen police cars and trucks, a fire truck, a helicopter, officers from multiple agencies, media and at least one ambulance crowded the stretch where the dead-end residential road branches off a U.S. highway near Midland City, population 2,300. A staging area for law enforcement was lit by bright lights overnight.

People who live in the neighborhood said the suspect is a retired truck driver with a reputation, CBS News correspondent Manuel Bojorquez reports. They said he allegedly beat a dog to death and threatened to shoot kids who trespass on his property. He was reportedly due in court this week on a weapons charge.

Neighbor Ronda Wilbur described the suspect to CBS News as "very anti-social, very anti-government" and that he "hates everybody."

"My granddaughter who just turned 7, when I have her visiting me this next weekend, I won't have to worry about 'mean man,'" Wilbur told CBS News. "One way or another he's not gonna be there. He will either be locked up, or he'll be dead."

Wilbur told The Associated Press that the suspect beat her 120-pound dog with a lead pipe for coming onto his side of the dirt road. The dog died a week later.

"He said his only regret was he didn't beat him to death all the way," Wilbur told the AP. "If a man can kill a dog, and beat it with a lead pipe and brag about it, it's nothing until it's going to be people."

The boy being held was watching TV and getting medication sent from home, according to state Rep. Steve Clouse, who met with authorities and visited the boy's family. Clouse said the bunker had food and electricity.

Authorities lowered medicine into the bunker for the boy after his captor agreed to it, Clouse said.

The gunman, identified by neighbors as Jimmy Lee Dykes, 65, was known around the neighborhood as a menacing figure who patrolled his yard at night with a flashlight and a shotgun.

Authorities say the gunman boarded a stopped school bus Tuesday afternoon and demanded two boys between 6 and 8 years old. When the driver tried to block his way, the gunman shot him several times and took a 5-year-old boy off the bus.

Dykes had been scheduled to appear in court Wednesday to face a charge of menacing some neighbors with a gun as they drove by his house weeks ago.

Homes on the road had been evacuated earlier after authorities found what they believed to be a bomb on the property. SWAT teams took up positions around the gunman's property and police negotiators tried to win the kindergartener's safe release.

The situation remained unchanged for hours as negotiators talked to the suspect, Alabama State Trooper Charles Dysart told a news conference late Wednesday. Earlier in the day, Sheriff Wally Olson said that authorities had "no reason to believe that the child has been harmed."

Local TV station WDHN obtained a police dispatch recording of the moment officers first arrived at the site. On it, the officers are heard saying that they were trying to communicate with Dykes through a PVC pipe leading into the shelter.

Authorities gave no details of the standoff, and it was unclear if Dykes made any demands from the bunker, which some officials described as being like the underground tornado shelters some homes have in their yards.

"As far as we know there is no relation at all. He just wanted a child for a hostage situation," said Michael Senn, a pastor who helped comfort other traumatized children after the attack.

The bus driver, Charles Albert Poland Jr., 66, was hailed by locals as a hero who gave his life to protect the 21 students aboard the bus. Authorities say most of the students scrambled to the back of the bus when the gunman boarded.

Neighbors described a number of run-ins with Dykes in the time since he moved to this small town near the Georgia and Florida borders, in a region known for peanut farming. Dykes had been scheduled to appear in court to answer charges he shot at his neighbors in a dispute last month over a speed bump.

In that dispute, neighbor Claudia Davis said he yelled and fired shots at her, her son and her baby grandson over damage Dykes claimed their pickup truck did to a makeshift speed bump in the dirt road. No one was hurt.

Mike and Patricia Smith, who live across the street from Dykes and whose two children were on the bus, said their youngsters had a run-in with him about 10 months ago.

"My bulldogs got loose and went over there," Patricia Smith said. "The children went to get them. He threatened to shoot them if they came back."

"He's very paranoid," her husband said. "He goes around in his yard at night with a flashlight and shotgun."

Court records showed Dykes was arrested in Florida in 1995 for improper exhibition of a weapon, but the misdemeanor was dismissed. The circumstances of the arrest were not detailed in his criminal record. He was also arrested for marijuana possession in 2000.

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Negotiations Drag Out for 5-Year-Old Hostage

An Alabama community is on edge today, praying for a 5-year-old boy being held hostage by a retired man who police say abducted him at gunpoint Tuesday afternoon.

Nearly 40 hours have slowly passed since school bus driver Charles Albert Poland Jr., 66, heroically tried to prevent the kidnapping, but was shot to death by suspect Jimmy Lee Dykes, a former truck driver, police said.

Dykes boarded the bus Tuesday and said he wanted two boys, 6 to 8 years old. As the children piled to the back of the bus, Dykes, 65, allegedly shot Poland four times, then grabbed the child at random and fled, The Associated Press reported.

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The primary concern in the community near Midland City, Ala., is now for the boy's safety. Dale County police have not identified the child.

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"I believe in prayer, so I just pray that we can resolve this peacefully," Dale County sheriff Wally Olson said.

The boy is being held in a bunker about 8 feet below ground, where police say Dykes likely has enough food and supplies to remain underground for weeks. Dykes has been communicating with police through a pipe extending from the bunker to the surface.

It is unclear whether he has made any demands from the bunker-style shelter on his property.

The young hostage is a child with autism. Dykes has allowed the boy to watch television, and have some medication, police said

Multiple agencies have responded to the hostage situation, Dale County Sheriff Wally Olson said. The FBI has assumed the lead in the investigation, and SWAT teams were surrounding the bunker.

"A lot of law enforcement agencies here doing everything they possibly can to get this job done," Olson said.

Former FBI lead hostage negotiator Chris Voss said that authorities must proceed with caution.

"You make contact as quickly as you can, but also as gently as you can," he said. "You don't try to be assertive; you don't try to be aggressive."

Voss said patience is important in delicate situations such as this.

"The more patient approach they take, the less likely they are to make mistakes," he said.

"They need to move slowly to get it right, to communicate properly and slowly and gently unravel this."

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Syria warns of "surprise" response to Israel attack

BEIRUT/AMMAN (Reuters) - Syria warned on Thursday of a possible "surprise" response to Israel's attack on its territory and Russia condemned the air strike as an unprovoked violation of international law.

Damascus could take "a surprise decision to respond to the aggression of the Israeli warplanes", Syrian ambassador to Lebanon Ali Abdul-Karim Ali said a day after Israel struck against Syria.

"Syria is engaged in defending its sovereignty and its land," Ali told a website of the Lebanese militant group Hezbollah. Syria and Israel have fought several wars and in 2007 Israeli jets bombed a suspected Syrian nuclear site, without a military response from Damascus.

Diplomats, Syrian rebels and regional security sources said on Wednesday that Israeli jets had bombed a convoy near the Lebanese border, apparently hitting weapons destined for Hezbollah. Syria denied the reports, saying the target had been a military research center northwest of Damascus.

Hezbollah, which has supported Syrian President Bashar al-Assad as he battles an armed uprising in which 60,000 people have been killed, said Israel was trying to thwart Arab military power and vowed to stand by its ally.

"Hezbollah expresses its full solidarity with Syria's leadership, army and people," said the group which fought an inconclusive 34-day war with Israel in 2006.

Israel has remained silent on the attack and there has been little reaction from its Western backers, but Syria's allies in Moscow and Tehran were quick to denounce the strike.

Russia, which has blocked Western efforts to put pressure on Syria at the United Nations, said that any Israeli air strike would amount to unacceptable military interference.

"If this information is confirmed, then we are dealing with unprovoked attacks on targets on the territory of a sovereign country, which blatantly violates the U.N. Charter and is unacceptable, no matter the motives to justify it," the Foreign Ministry said in a statement.

Iranian deputy foreign minister Hossein Amir Abdullahian said the attack "demonstrates the shared goals of terrorists and the Zionist regime", Fars news agency reported. Assad portrays the rebels fighting him as foreign-backed, Islamist terrorists, with the same agenda as Israel.

"It is necessary for the sides which take tough stances on Syria to now take serious steps and decisive stances against this aggression by Tel Aviv and uphold criteria for security in the region," Abdullahian said.

An aide to Supreme Leader Ayatollah Ali Khamenei said on Saturday that Iran would consider any attack on Syria as an attack on itself, but Abdullahian made no mention of retaliation.

Hezbollah said the attack showed that the conflict in Syria was part of a scheme "to destroy Syria and its army and foil its pivotal role in the resistance front (against Israel)".

BLASTS SHOOK DISTRICT

Details of Wednesday's strike remain sketchy and, in parts, contradictory. Syria said Israeli warplanes, flying low to avoid detection by radar, crossed into its airspace from Lebanon and struck the Jamraya military research centre.

But the diplomats and rebels said the jets hit a weapons convoy heading from Syria to Lebanon, apparently destined for Assad's ally Hezbollah, and the rebels said they - not Israel - hit Jamraya with mortars.

The force of the dawn attack shook the ground, waking nearby residents from their slumber with up to a dozen blasts, two sources in the area said.

"We were sleeping. Then we started hearing rockets hitting the complex and the ground started shaking and we ran into the basement," said a woman who lives adjacent to the Jamraya site.

The resident, who declined to be named because of the sensitivity over Israel's reported strike on Wednesday morning, said she could not tell whether the explosions which woke her were the result of an aerial strike.

Another source who has a relative working inside Jamraya reported that a building inside the complex had been cordoned off after the attack and that flames were seen rising from the area after the attack.

"It appears that there were about a dozen rockets that appeared to hit one building in the complex," the source, who also asked not to be identified, told Reuters. "The facility is closed today."

Israeli newspapers quoted foreign media on Thursday for reports on the attack. Journalists in Israel are required to submit articles on security and military issues to the censor, which has the power to block any publication of material it deems could compromise state security.

Syrian state television said two people were killed in the raid on Jamraya, which lies in the 25-km (15-mile) strip between Damascus and the Lebanese border. It described it as a scientific research centre "aimed at raising the level of resistance and self-defense".

Diplomatic sources from three countries told Reuters that chemical weapons were believed to be stored at Jamraya, and that it was possible that the convoy was near the large site when it came under attack. However, there was no suggestion that the vehicles themselves had been carrying chemical weapons.

"The target was a truck loaded with weapons, heading from Syria to Lebanon," said one Western diplomat, echoing others who said the convoy's load may have included anti-aircraft missiles or long-range rockets.

The raid followed warnings from Israel that it was ready to act to prevent the revolt against Assad leading to Syria's chemical weapons and modern rockets reaching either his Hezbollah allies or his Islamist enemies.

A regional security source said Israel's target was weaponry given by Assad's military to fellow Iranian ally Hezbollah.

"This episode boils down to a warning by Israel to Syria and Hezbollah not to engage in the transfer of sensitive weapons," the source said. "Assad knows his survival depends on his military capabilities and he would not want those capabilities neutralized by Israel - so the message is this kind of transfer is simply not worth it, neither for him nor Hezbollah."

Such a strike or strikes would fit Israel's policy of pre-emptive covert and overt action to curb Hezbollah and does not necessarily indicate a major escalation of the war in Syria. It does, however, indicate how the erosion of the Assad family's rule after 42 years is seen by Israel as posing a threat.

Israel this week echoed concerns in the United States about Syrian chemical weapons, but its officials say a more immediate worry is that the civil war could see weapons that are capable of denting its massive superiority in airpower and tanks reaching Hezbollah; the group fought Israel in 2006 and remains a more pressing threat than its Syrian and Iranian sponsors.

(Additional reporting by Mariam Karouny and Oliver Holmes in Beirut, Gabriela Baczynska in Moscow and Marcus George in Dubai; editing by David Stamp)

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Staff 'live-tweet' sackings at UK retailer HMV

LONDON: Staff at collapsed British music retailer HMV hijacked the company's official Twitter account on Thursday to warn they were being sacked en masse.

The tweets were swiftly deleted but within minutes, administrators Deloitte confirmed 190 redundancies had been made across HMV's head office and distribution network as a "necessary step in restructuring the business".

On the official @HMVtweets account, the outgoing staff in the human resources (HR) department began with a strangely upbeat message reading: "We're tweeting live from HR where we're all being fired! Exciting!!"

Further messages followed: "There are over 60 of us being fired at once! Mass execution, of loyal employees who love the brand.

"Sorry we've been quiet for so long. Under contract, we've been unable to say a word, or -- more importantly -- tell the truth."

HMV management began to take note as word spread across Twitter -- @HMVtweets had more than 60,000 followers before it was hijacked -- of what was happening.

"Just overheard our Marketing Director (he's staying, folks) ask "How do I shut down Twitter?" said the next message.

It went on to insist that "under usual circumstances, we'd never dare do such a thing as this. However, when the company you dearly love is being ruined... and those hard working individuals, who wanted to make hmv great again, have mostly been fired, there seemed no other choice."

HMV was Britain's last remaining high-street music and video retailer but it called in the administrators this month after finally succumbing to heavy debts and unrelenting pressure from online rivals such as Amazon and iTunes.

Last week, US-based restructuring firm Hilco announced it had agreed to buy the retailer's considerable debt, effectively taking control of the company and its 4,350 employees.

Confirming the 190 redundancies in a statement, Deloitte joint administrator Nick Edwards said: "Although such decisions are always difficult, it is a necessary step in restructuring the business to enhance the prospects of securing its future as a going concern."

- AFP/jc

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Samsung to be fined $900 over plant gas leak -- report

Samsung will be fined for belatedly reporting a fatal hydrofluoric gas leak to authorities, according to a new report.

The gas leak reportedly occurred sometime on Sunday (the exact timeline is not easily determined, due to conflicting reports out of Korea) at a Samsung semiconductor facility south of Seoul. Several hours later, Samsung contacted crew members from a maintenance company to clean up the leak. Five crew members arrived on the scene and started to clean up the spill. However, one of the individuals, who was reportedly not wearing a full hazmat suit, died due to exposure. Four other individuals who were wearing their full protective gear were sent to a hospital, but fully recovered, according to reports.

Korea-based Yonhap News, citing sources within the police office assessing the fine, reported today that investigators have determined that Samsung took too long to alert law enforcement to the spill, and the company has been assessed a fine of up to 1 million Korean won (about $900).

For its part, Samsung has remained tight-lipped on the leak, but reportedly told Yonhap in a statement on Monday that it believed the leak was "minimal."

Samsung is one of the leading semiconductor makers in the world, and produces chips for a wide range of companies including Apple. It's not clear what processors were in production at the time of the accident.

CNET has contacted Samsung for comment on the news. We will update this story when we have more information.

(Via Engadget)

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Possible suspect for NYC mom missing in Turkey

ANKARA, Turkey Turkish police on Wednesday were trying to trace a contact who apparently corresponded with a New York City woman through social networking sites before she went missing, an official said.

Undated photo of Sarai Sierra

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Facebook

Sarai Sierra, a 33-year-old mother of two from Staten Island, N.Y., has been missing since Jan. 21 when she was supposed to return home from a solo vacation in Istanbul. Police there have set up a special unit to find her.

A senior police official told The Associated Press that Sierra had exchanged messages with a person before she disappeared and police were now trying to trace the man or woman he described as a possible suspect in her disappearance.

The official said Sierra "presumably met" the person after she arrived in Istanbul. He spoke on condition of anonymity in line with government rules that bar civil servants from speaking to journalists without prior authorization.

The official, however, denied several Turkish media reports - that police were searching for an unknown man caught following Sierra on security camera footage; that Sierra had spent some US$12,000 during her stay in Istanbul; and that a narcotics team had searched her hostel room on suspicion that she might be a drug courier. "It's all made-up," he said.

Sierra arrived in Istanbul on Jan. 7 and had been in regular contact with friends and family back in the United States. Before she went missing, Sierra told family members that she planned to take some photographs at Galata Bridge, a well-known tourist destination about 2 kilometers away from her hostel. She was supposed to begin traveling home on Jan. 21, but never checked into her flight back to New York.

Police have said Sierra made an excursion to Amsterdam, Netherlands, from Istanbul on Jan. 15 and travelled on to Munich, Germany, on Jan. 16 before returning to Istanbul on Jan. 19, WBCS in New York reports. Police were trying to determine the reason for her visit to the European cities.

Her husband, Steven, and brother, David Jimenez, travelled to Istanbul to help in the search and were interviewed by the Istanbul police Tuesday. The two left the police headquarters after some seven hours and were seen carrying a suitcase, which the state-run Anadolu Agency said belonged to Sierra.

Sierra's belongings, including her passport, were found in her hostel room.

Jimenez did not immediately respond to questions sent by email or to an interview request.

Police have released CCTV camera footage showing Sierra alone, eating in the food court of a shopping mall and walking along a main shopping street near her hostel. She is dressed in jeans, a brown leather jacket and a winter hat.

Sierra had planned to go on the trip with a friend but ended up going by herself when the friend couldn't make it. She was looking forward to exploring her hobby of photography, on her first trip outside of the United States, her family said.

Staten Island Rep. Michael Grimm is assisting in the case.

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Giffords to Senate: 'Americans Are Counting on You'

Former congresswoman Gabrielle Giffords, whose congressional career was ended by a bullet wound to her head, opened a Senate hearing on gun violence today by telling the panel, "Speaking is difficult, but I need to say something important."

In a determined and forceful voice, she told the Senators to be "courageous" because "Americans are counting on you."

Giffords sat alongside her astronaut husband Mark Kelly as she delivered her emotional statement just over a minute long imploring Congress to act on gun policy.

"This is an important conversation for our children, for our communities, for Democrats, and Republicans," the former Arizona congresswoman said. "Speaking is difficult but I need to say something important: Violence is a big problem too many children are dying. Too many children. We must do something. It will be hard, but the time is now. You must act. Be bold, be courageous, Americans are counting on you. Thank you," Giffords said before being helped out of the hearing room.

Giffords was shot by a gunman in her Arizona district two years ago, and was a last-minute addition to the hearing about the nation's gun laws as lawmakers grapple with how to curb gun violence in the wake of the Newtown, Conn., tragedy that left 20 children and seven adults dead late last year.

Today's hearing is a showdown on guns, featuring two powerful but conflicting forces in the gun control movement. Giffords' husband also testified, as did Wayne LaPierre, the fiery executive vice president and CEO of the National Rifle Association.

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Kelly's opening remarks before the Senate Judiciary Committee today emphasized that he and his wife are both gun owners and he has said that he recently bought a new hunting rifle. But he said they are also dedicated to minimizing gun violence because of their personal tragedy.

"We are simply two reasonable Americans who realize we have a problem with gun violence, and we need Congress to act," Kelly said. "Our rights are paramount, but our responsibilities are serious and as a nation we are not taking responsibility for the gun rights our founding fathers conferred upon us."

Kelly said that a top priority should be to close the loophole that says people who buy weapons at gun shows are not required to undergo background checks.

"Closing the gun show loophole and requiring private sellers to require a background check for they transfer a gun…I can't think of something that would make our country safer than doing just that," he told the panel.

Giffords and Kelly recently launched Americans for Responsible Solutions, an organization promoting the implementation of universal background checks and limits on high capacity magazines.

"Overwhelmingly, you told us that universal background checks and limiting access to high capacity magazines were top priorities, and I'll make sure to address each of those ideas in my opening remarks," Kelly wrote in an email to supporters Tuesday. Kelly asked the group's allies to sign a petition calling on Congress to pass legislation on both issues.

LaPierre laid out the NRA's opposition to universal background checks and urged legislators not to "blame" legal gun owners by enacting new gun control laws.

"Law-abiding gun owners will not accept blame for the acts of violence of deranged criminals. Nor do we believe the government should dictate what we can lawfully own and use to protect our families," LaPierre said."And when it comes to background checks, let's be honest – background checks will never be 'universal' – because criminals will never submit to them."

"If you want to stop crime, interdict violent criminals incarcerate them and get them off the streets," LaPierre said.

He repeated an NRA proposal to place armed security guards in every school in America, arguing that "it's time to throw an immediate blanket of security around our children."

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Egypt curfew scaled back as Mursi seeks end to bloodshed

CAIRO/BERLIN (Reuters) - Authorities in an Egyptian city scaled back a curfew imposed by President Mohamed Mursi, and the Islamist leader cut short a visit to Europe on Wednesday to deal with the deadliest violence in the seven months since he took power.

Two more protesters were shot dead before dawn near Cairo's central Tahrir Square on Wednesday, a day after the army chief warned that the state was on the brink of collapse if Mursi's opponents and supporters did not end street battles.

More than 50 people have been killed in the past seven days of protests by Mursi's opponents, raising global concern over whether the Islamist leader can restore stability to the most populous Arab country.

Mursi imposed a curfew and a state of emergency on three Suez Canal cities on Sunday but that only seemed to further provoke crowds in a week of unrest marking the second anniversary of the uprising that toppled Hosni Mubarak.

The governor of Ismailia, one of the three canal cities, said on Wednesday he was scaling back the curfew, which would now take effect nightly from 2:00 a.m. instead of 9:00 p.m..

Mursi, speaking in Berlin before hurrying home to deal with the crisis, called for dialogue with opponents but would not commit to their demand that he first agree to include them in a unity government.

Asked about that proposal, he said the next government would be formed after parliamentary elections in April.

Egypt was on its way to becoming "a civilian state that is not a military state or a theocratic state", Mursi said.

The violence at home forced Mursi to scale back his European visit, billed as a chance to promote Egypt as a destination for foreign investment. He flew to Berlin but called off a trip to Paris and was due back home after only a few hours in Europe.

Chancellor Angela Merkel, who met him, echoed other Western leaders who have called on him to give his opponents a voice.

"One thing that is important for us is that the line for dialogue is always open to all political forces in Egypt, that the different political forces can make their contribution, that human rights are adhered to in Egypt and that of course religious freedom can be experienced," she said at a joint news conference with Mursi.

SPIRIT OF REVOLUTION

Mursi's critics accuse him of betraying the spirit of the revolution by keeping too much power in his own hands and those of his Muslim Brotherhood, the Islamist movement banned under Mubarak which won repeated elections since the 2011 uprising.

Mursi's supporters say the protesters want to overthrow Egypt's first democratically elected leader. The current unrest has deepened an economic crisis that saw the pound currency tumble in recent weeks.

Near Cairo's Tahrir Square on Wednesday morning, dozens of protesters threw stones at police who fired back teargas, although the scuffles were brief.

"Our demand is simply that Mursi goes, and leaves the country alone. He is just like Mubarak and his crowd who are now in prison," said Ahmed Mustafa, 28, a youth who had goggles on his head to protect his eyes from teargas.

Opposition politician Mohamed ElBaradei called for a meeting of the president, ministers, the ruling party and the opposition to halt the violence. But he also restated the precondition that Mursi first commit to seeking a national unity government.

The worst violence has been in the Suez Canal city of Port Said, where rage was fuelled by death sentences passed against soccer fans for roles in deadly riots last year.

After decades in which the West backed Mubarak's military rule of Egypt, the emergence of an elected Islamist leader in Cairo is probably the single most important change brought about by the wave of Arab revolts over the past two years.

Mursi won backing from the West last year for his role in helping to establish a ceasefire between Israel and Palestinians that ended a conflict in Gaza. But he then followed that with an effort to fast-track a constitution that reignited dissent at home and raised global concern over Egypt's future.

Western countries were alarmed this month by video that emerged showing Mursi making vitriolic remarks against Jews and Zionists in 2010 when he was a senior Brotherhood official.

German Foreign Minister Guido Westerwelle said ahead of Mursi's visit that the remarks, in which Mursi referred to Zionists as "descendants of apes and pigs" were "unacceptable".

"NOT AGAINST JEWS"

Asked about those remarks at the news conference with Merkel, Mursi repeated earlier explanations that they had been taken out of context.

"I am not against the Jewish faith," he said. "I was talking about the practices and behavior of believers of any religion who shed blood or who attack innocent people or civilians. That's behavior that I condemn."

"I am a Muslim. I'm a believer and my religion obliges me to believe in all prophets, to respect all religions and to respect the right of people to their own faith," he added.

Egypt's main liberal and secularist bloc, the National Salvation Front, has so far refused talks with Mursi unless he promises a unity government including opposition figures.

"Stopping the violence is the priority, and starting a serious dialogue requires committing to guarantees demanded by the National Salvation Front, at the forefront of which are a national salvation government and a committee to amend the constitution," ElBaradei said on Twitter.

Those calls have also been backed by the hardline Islamist Nour party - rivals of Mursi's Brotherhood. Nour and the Front were due to meet on Wednesday, signaling an unlikely alliance of Mursi's critics from opposite ends of the political spectrum.

Brotherhood leader Mohamed El-Beltagy dismissed the unity government proposal as a ploy for the Front to take power despite having lost elections. On his Facebook page he ridiculed "the leaders of the Salvation Front, who seem to know more about the people's interests than the people themselves".

In a sign of the toll the unrest is having on Egypt's economy, ratings agency Fitch downgraded its sovereign rating by one notch to B on Wednesday.

German industry leaders see potential in Egypt but are concerned about political instability.

"At the moment many firms are waiting on political developments and are cautious on any big investments," said Hans Heinrich Driftmann, head of Germany's Chamber of Industry and Commerce.

(Additional reporting by Yasmine Saleh and Marwa Awad in Cairo, Stephen Brown and Gernot Heller in Berlin and Arshad Mohammed in Washington; Writing by Peter Graff; Editing by Peter Millership)

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Thai tycoon takes majority control of Singapore's F&N

SINGAPORE: A Thai tycoon has clinched majority control of Singapore conglomerate Fraser and Neave (F&N), making his offer to fully takeover the company unconditional.

TCC Assets, owned by Thai billionaire Charoen Sirivadhanabhakdi, said in a statement late Wednesday that its stake in F&N stands at 50.92 per cent after further purchases in the stock market and more shareholders accepting its offer.

With majority control now in the hands of the Thai parties, "accordingly, the F&N offer has become unconditional in all respects," the statement added.

TCC Assets is offering to buy F&N shares it does not already own at S$9.55 apiece, valuing the drinks, property and publishing conglomerate at S$13.75 billion.

The deadline for the rest of the shareholders to accept the offer was extended from February 4 to February 18, according to the statement.

Indonesia-led property firm Overseas Union Enterprise (OUE) averted a bidding war earlier this month when it declined to match the offer by the Thais. OUE is linked to Indonesian tycoon Mochtar Riady.

The takeover is said to be the biggest in Singapore's corporate history if it pushes through.

F&N became a takeover target after it sold off its most prized asset, Tiger Beer maker Asia Pacific Breweries, to Dutch giant Heineken in September.

It still has lucrative beverages, property and publishing operations.

Analysts believe more shareholders are likely to accept the offer as it is the only bid on the table.

The market however is closely watching whether Japanese brewer Kirin, which holds a 15 per cent stake in F&N, will sell its interests or remain a minority shareholder.

Kirin had allied itself with OUE in the bidding war. Its 15 per cent stake is worth more than S$2.0 billion at the rate offered by TCC Assets.

Charoen's TCC Group has a real estate unit, and the tycoon also owns Thai Beverage, which sells Chang beer.

- AFP/jc

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Internet, social media least trusted industries for privacy

Internet and social media ranked bottom on a list of the most trusted industries for privacy, according to the Ponemon Institute.

Released yesterday, Ponemon's "2012 Most Trusted Companies for Privacy" was compiled from a survey of U.S. adults asked to name the five companies they trust the most to protect the privacy of their personal information.

Based on more than 6,700 responses, several tech players were absent from the top 20 after being on it in past years.

Apple failed to make the top 20 for the first time in four years. Google, Best Buy, Facebook, Yahoo, Dell, and AOL also were gone from the top 20 after scoring good or decent grades in the past.

Those results aren't surprising as many of those polled expressed concern about certain technologies. A full 59 percent of the respondents said they feel their privacy rights are diminished or undermined by social media, smart mobile devices, and geo-tracking tools.

Almost half of the people surveyed said they received one or more data breach notifications over the past two years. And 77 percent of those said such notifications hurt their trust in the organization reporting the breach.

A majority of those polled said they've shared personal information with an organization they didn't know or trust, with most admitting they did it for the convenience of online shopping. And only 35 percent feel they have control over their personal information, a percentage that has dropped steadily over the past seven years, the report said.

Identify theft was seen as the most significant threat to privacy, followed by government surveillance and data breaches.

And what do people expect from companies that use their personal information?

Security protection was named the most important feature. But a majority also said they don't want their data shared without their consent and they want the ability to be forgotten.

On a more positive note, Hewlett Packard took second place in the rankings, just behind American Express. Amazon was third, followed by IBM in fourth. eBay grabbed ninth place, with Intuit rounding out the top ten.

Among other technology providers, Microsoft and Mozilla joined the list for the first time, ranked 17 and 20, respectively. Verizon, AT&T, and WebMD also numbered among the top 20.

Conducted in December, the survey received responses from 6,704 people.

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