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Jul 18, 2013

For New Zealand, San Francisco America’s Cup looks make or break

SAN FRANCISCO, July 18 (Reuters) – Fifty-six-year-old Grant Dalton’s daily routine includes strapping on a helmet, a wetsuit and a belt full of emergency gear to work as a lowly “grinder” on the New Zealand catamaran competing in this year’s America’s Cup sailing regatta.

Cranking the big winches is an intensely physical job normally left to brawny men at least two decades his junior. The wiry, tart-tongued Dalton is also the managing director of Emirates Team New Zealand. Through these positions he imparts a blue-collar streak to a blue-blooded sport, making him a fitting symbol for the only Cup challenger that isn’t bankrolled by a billionaire.

Jul 17, 2013

Intel cuts 2013 revenue forecast, capex as PC industry sags

SAN FRANCISCO (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) cut its full-year revenue forecast and said it is scaling back capital spending as it adjusts to a painful contraction of personal computer sales and economic weakness in China, one of its biggest markets.

The forecast and cut in capital spending were announced on Wednesday in the company’s quarterly earnings report, the first under new Chief Executive Brian Krzanich. The soft-spoken manufacturing guru took over as CEO in May and faces falling PC sales and a hyper-competitive mobile market.

Jul 13, 2013

New Zealand beats Luna Rossa in first America’s Cup race

SAN FRANCISCO (Reuters) – Emirates Team New Zealand soundly beat Italy’s Luna Rossa Challenge on San Francisco Bay on Saturday in the first real race of the 34th America’s Cup, which in recent days looked like it might never come off.

Team New Zealand sped across the bay to finish with more than a five-minute lead over its Italian rival, solidifying its reputation as the challenger with the best chance of prying the America’s Cup away from defender Larry Ellison’s Oracle Team USA.

Jul 13, 2013

Sailing-New Zealand beats Luna Rossa in first America’s Cup race

SAN FRANCISCO, July 13 (Reuters) – Emirates Team New Zealand soundly beat Italy’s Luna Rossa Challenge on San Francisco Bay on Saturday in the first real race of the 34th America’s Cup, which in recent days looked like it might never come off.

Team New Zealand sped across the bay to finish with more than a five-minute lead over its Italian rival, solidifying its reputation as the challenger with the best chance of prying the America’s Cup away from defender Larry Ellison’s Oracle Team USA.

Jul 13, 2013

Sailing-America’s Cup boats to meet at start line after snags cleared

SAN FRANCISCO (Reuters) – Emirates Team New Zealand and Italy’s Luna Rossa Challenge match up their high-tech sailboats on San Francisco Bay on Saturday in the first real race of the 34th America’s Cup, which in recent days looked like it might never come off.

True competition has been held up by a series of mishaps, including the tragic death of one sailor and a dispute over boat design that threatened to derail the entire event before being resolved by an America’s Cup jury this week.

Jul 12, 2013

America’s Cup jury rejects disputed rule change

SAN FRANCISCO (Reuters) – An America’s Cup jury on Thursday threw out changes to boat design rules that two challengers said would have given software mogul Larry Ellison’s team an unfair advantage in the problem-plagued international regatta.

The decision cleared some of the storm clouds over the competition with races set to begin on Saturday after three embarrassing days with just one boat sailing the course.

Jul 11, 2013

Sailing-America’s Cup jury rejects disputed rule change

SAN FRANCISCO, July 11 (Reuters) – An America’s Cup jury on
Thursday ruled against changes that two challengers said would
have given software mogul Larry Ellison’s team an unfair
advantage in the problem-plagued international regatta.

The decision cleared some of the storm clouds over the
competition with races set to begin on Saturday after three
embarrassing days with just one boat sailing the course.

Jul 11, 2013

Sailing-America’s Cup jury rejects new class rules

SAN FRANCISCO, July 11 (Reuters) – An international
America’s Cup jury on Thursday ruled that the regatta director
had no authority to impose changes to class design rules, which
may enable normal regatta racing to begin after three
embarrassing days with just one boat sailing the course.

Luna Rossa Challenge, from Italy, and Emirates Team New
Zealand objected to the requirements put in place after a May
accident that killed Sweden’s Artemis Racing crew member Andrew
Simpson, an Olympic sailing champion from Britain, and wrecked
the team’s AC72 boat during a practice sail on San Francisco
Bay.

Jul 11, 2013

America’s Cup jury to rule on controversial rule changes

SAN FRANCISCO (Reuters) – An international jury for the ill-fated America’s Cup was set to rule on Thursday in a dispute over design changes to make boats safer that two of the challengers say give an unfair edge to the defending team of software tycoon Larry Ellison.

Luna Rossa Challenge, from Italy, and Emirates Team New Zealand object to the requirements put in place after a May accident that killed Sweden’s Artemis Racing crew member Andrew Simpson, an Olympic sailing champion from Britain, and wrecked the team’s boat during a practice sail on San Francisco Bay.

Jul 11, 2013

Sailing-America’s Cup jury to rule on controversial rule changes

SAN FRANCISCO, July 11 (Reuters) – An international jury for
the ill-fated America’s Cup was set to rule on Thursday in a
dispute over design changes to make boats safer that two of the
challengers say give an unfair edge to the defending team of
software tycoon Larry Ellison.

Luna Rossa Challenge, from Italy, and Emirates Team New
Zealand object to the requirements put in place after a May
accident that killed Sweden’s Artemis Racing crew member Andrew
Simpson, an Olympic sailing champion from Britain, and wrecked
the team’s boat during a practice sail on San Francisco Bay.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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