Lewis Hamilton and Nico Rosberg set the pace in practice for the Australian Grand Prix on Friday as Mercedes shaped as the team to beat at the much awaited season-opener. With teams adapting to a raft of technical changes in Formula One, Hamilton overcame mechanical problems in the first session to time quickest in the second run-out ahead of his team-mate. Ferrari's Fernando Alonso was third fastest while four-time defending world champion Sebastian Vettel, who endured endless problems in pre-season testing, placed an encouraging fourth. "We got a nice foundation for the weekend in the second session today so hopefully we can build on that in P3 (free practice three) tomorrow afternoon and then see where we are in qualifying," said Hamilton, the 2008 world champion.
LOS ANGELES (AP) — Bob Thomas, the longtime Associated Press writer and dean of Hollywood reporters who covered a record 66 Oscar ceremonies, reported on the biggest stars, from Clark Gable to Tom Cruise, and filed AP's bulletin that Robert F. Kennedy had been shot, died Friday. He was 92.
By Jason Lange WASHINGTON (Reuters) - U.S. producer prices fell in February, reinforcing the view that minimal inflation pressures could keep the Federal Reserve from raising interest rates for quite some time. The Labor Department said on Friday its seasonally adjusted producer price index for final demand dropped 0.1 percent last month. The data gives little reason for Fed officials to worry their easy money policies are stoking inflation, and could make policymakers feel more comfortable holding interest rates near zero for many more months.