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Jindo (South Korea) (AFP) - Divers battled strong currents and murky waters Friday to finally enter a South Korean ferry two days after it sank, as investigators revealed the captain was not at the helm when the vessel capsized with hundreds on board. More than 48 hours after the ferry suddenly listed and capsized, exhausted dive teams -- who waded through powerful currents -- finally managed to access the interior.
If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. By setting up a fund, GM could avert years of civil litigation and limit its financial and reputational harm. GM has retained Kenneth Feinberg, a Washington lawyer who has overseen compensation funds for victims of high-profile catastrophes like the BP Plc oil spill and the September 11, 2001, attacks. Feinberg told CNBC on Wednesday that GM is "asking me to help develop some sort of program that might be used to compensate eligible claimants." Feinberg did not return a request for comment.
NOVO-OGARYOVO, Russia (Reuters) - President Vladimir Putin on Friday pledged to support Royal Dutch Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden. Van Beurden said during the meeting at Putin's residence that his company is keen to expand its business in Russia and that it has agreed with the Kremlin-owned Gazprom to expand their liquefied natural gas plant.