RBS chairman: More job losses coming, Goodwin reconsiders pension

British banking giant RBS has revealed it expects to make more job cuts and that former chief executive Fred Goodwin is considering taking a voluntary cut in his pension. New chairman Philip Hampton Friday made a strong apology for the bank’s mistakes, which lead to a UK record loss of £24.1 billion ($34.6 billion) for 2008.

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Turkish Airlines plane fell ‘vertically’ to ground

The Turkish Airlines plane that crashed this week in Amsterdam fell almost vertically to the ground, making only a short track in the muddy farmer’s field where it went down, Dutch investigators said Friday. That sudden drop indicates the aircraft did not have enough forward speed when it crashed, a spokesman for the Dutch Safety Board said, but the reasons for that are still unclear. It is too early to speculate on the cause of the crash, spokesman Fred Sanders told CNN.

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Turks, Americans are Amsterdam crash dead

The nationalities of the people killed in the Turkish Airlines plane crash near Amsterdam’s main airport have been identified as five Turks and four U.S. citizens. Among the dead were two Boeing employees, among four onboard the flight, their company said late Thursday in a posting on its Web site.

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Surviving Crashes: How Airlines Prepare for the Worst

We tend to think of airplane crashes as fatal events. So when survivors emerge from the carcass of a crumpled jumbo jet, as they did outside Amsterdam’s Schiphol Airport on Wednesday or on the Hudson River in mid-January, the spectacle is often described as “miraculous.” But survival in an airplane crash is no miracle.

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