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Australian Billionaire to Build Titanic Replica

CNN  |  An Australian mining magnate has commissioned a Chinese shipyard to build a replica of the ill-fated Titanic, complete in every detail but equipped with modern technology to prevent a repeat of the original's fateful maiden voyage 100 years ago.

Clive Palmer, a Queensland mining billionaire with strong links to China, told Australian media that he had signed a memorandum of understanding with CSC Jinling Shipyard to build the ship.

He said construction of the luxury cruise ship would begin next year and the ship would be ready to sail in 2016.

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US Airways Makes Move to Take Over American

MoneyWatch | US Airways (LCC) has filed an 8K with the SEC to begin the process of a takeover of American Airlines, which is currently in Chapter 11 bankruptcy.

According to the SEC, Form 8-K is the 'current report' companies file with the SEC to announce major events that must be disclosed to shareholders.

American Airlines has said it wants to emerge from bankruptcy as a standalone carrier. American Airlines parent AMR, which filed for bankruptcy protection on Nov. 29, 2011, is trying to slash its annual labor costs by $1.25 billion and emerge from court supervision. Next week, the struggling airline will try to convince a bankruptcy judge to let it void existing union contracts and impose new ones to secure those spending cuts.

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And the Happiest Country on Earth is....

Huffington Post  |  Denmark has taken the top spot on the United Nation's first ever World Happiness Report, followed by Finland, Norway and the Netherlands.

The 158-page report, published by Columbia University's Earth Institute, was commissioned for the United Nations Conference on Happiness on Monday in order to "review the state of happiness in the world today and show how the new science of happiness explains personal and national variations in happiness."

The rankings in the report were based on a number called the "life evaluation score," a measurement which takes into account a variety of factors including people's health, family and job security as well as social factors like political freedom and government corruption....

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Medical Emergency Diverts Titanic Memorial Cruise

CNN.com  |  A medical emergency Tuesday diverted the cruise ship retracing the path of the ill-fated Titanic 100 years after its sinking.

"The ship is turning around and heading approximately 20 nautical miles east to bring it nearer to the coast and within reach of a helicopter," cruise line rep Fred Olsen said in a statement.

The crew of the MS Balmoral, which is hosting the memorial cruise, is working with the Irish coast guard to assist a passenger who became ill.

iReporter Tom Byron, who is on board the Balmoral, told CNN the ship made an hours-long "huge U-turn in the ocean" to get closer to shore for the airlift….

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Owe The IRS? Bill Would Suspend Passport Rights For Delinquent Taxpayers

LOS ANGELES (CBS) — A bill authored by a Southland lawmaker that could potentially allow the federal government to prevent any Americans who owe back taxes from traveling outside the U.S. is one step closer to becoming law.

Senate Bill 1813 was introduced back in November by Senator Barbara Boxer (D-Los Angeles) to “reauthorize Federal-aid highway and highway safety construction programs, and for other purposes.”

After clearing the Senate on a 74 – 22 vote on March 14, SB 1813 is now headed for a vote in the House of Representatives, where it’s expected to encounter stiffer opposition among the GOP majority.

In addition to authorizing appropriations for federal transportation and infrastructure programs, the “Moving Ahead for Progress in the 21st Century Act” or “MAP-21″ includes a provision that would allow for the “revocation or denial” of a passport for anyone with “certain unpaid taxes” or “tax delinquencies”.

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Child-Free Flying? Canadian Airline Pulls April Fool's Prank

Visit msnbc.com for breaking news, world news, and news about the economy

TODAY Show  |  Feeling exhausted at just the thought of flying with children? Canadian airline WestJet proposed a humorous alternative in this April Fool's commercial. Instead of worrying about tantrums that might get you thrown off the plane, WestJet jokingly offered child-free cabins.


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Mexico Earthquake Another Jolt for Country's Tourism

USA Today Travel  |  Tuesday's strong 7.4 earthquake in the southern Mexico state of Guerrero, about midway between the beach resort of Acapulco and the colonial town of Oaxaca, is more bad news for a tourism industry already on the defensive from the country's protracted drug war.

Initial reports say the quake, centered some 12 miles underground, was felt strongly in Oaxaca and swayed buildings in Mexico City, sending frightened workers and residents into the streets. There were no immediate reports of major damage or injuries, but telephone service was down

in Mexico City and throughout the area where the quake was felt. In Huajuapan, Guerrero, near the epicenter, hotel manager Marco Antonio Estrada reported shaken-up guests but no major damage.

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FAA Reconsiders Takeoff, Landing Policy On E-Readers, Other Devices

PaidContent.org  Welcome news from Nick Bilton: the FAA finally is revisiting the policy that keeps Kindles, iPads and the like turned off during takeoffs and landing.

The FAA told Bilton it will take a “fresh look” at whether some devices can be used safely and how a policy could be framed. Smartphones aren’t included in the review.

The current personal electronics rule dating back to 2006 (described in this FAA circular) canceled one that banned use of personal electronics and shifted responsibility completely to the operators.

It allows airlines to offer fliers the use of certain devices but only if the airline can prove each allowed device won’t interfere with the plane’s performance. As Bilton and the FAA point out, that hasn’t happened.

Why haven’t the airlines stepped up? To challenge the policy, each one has to test each device on each kind of plane it operates. (...)

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CEO Speaks Out on Costa Cruises Name Change

USA Today Travel  |  The head of Costa Cruises' parent company says he's confident the brand can make a comeback in the wake of the Costa Concordia accident, and he has no plans to scale it back or change its name.

"It is damaged. It will take some time (to rebound), but we'd be crazy to abandon such a powerful brand," Carnival Corp. Chairman and CEO Micky Arison tells USA TODAY in one of his first interviews since the Jan. 13 accident.

The vote of confidence in Costa comes after Carnival Corp. on Friday revealed for the first time just how dramatically bookings have fallen at the line in the weeks since the accident. In a conference call to discuss quarterly earnings, Carnival Corp. COO Howard Frank told Wall Street analysts that Costa bookings plunged 80% to 90% as compared to a year earlier in the four weeks after the event, and bookings remain down 40% to 50% in recent weeks.

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Boeing Promises to Speed Up Construction of New 787 Dreamliners

USA Today Travel  |  Boeing has inspected five 787 Dreamliners for a flaw in the fuselage that the company recently discovered, the new head of the 787 program said Monday. Reuters reported that the company remains on schedule to build 10 planes per month by the end of next year.

The company is inspecting the first 55 787s built before it discovered the problem and will make any necessary repairs, Larry Loftis said before a groundbreaking ceremony for a new delivery center, according to Reuters.

The 787 is a more fuel-efficient plane. So far airlines have ordered about 870 of them, Reuters reported. But the plane is about three years behind its original schedule.

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