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* * * * * * WEDNESDAY, FEBRUARY 20, 2013 ~ VOL. CCLXI NO. 41 WSJ.com HHHH $2 .00

BRUSSELS—As 29 passengerssat aboard a Zurich-bound flighthere Monday evening waiting forthe last bags to be loaded, gun-men wearing police uniformsraced up to the plane and stolemore than 120 packages of dia-monds worth at least $50 mil-lion, and possibly much more.

Some of the eight maskedrobbers stood in front of theHelvetic Airways jet plane withmachine guns, pointing lasersights at the pilots, while othersforced ground workers to openthe plane’s cargo doors, accord-ing to Belgian prosecutors and

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Vital Signs

The U.S. gets less powerfrom coal. Coal-fired powerplants generated 37% of U.S.electricity in the 12 monthsthrough November, downfrom 43% a year earlier and50% a decade ago. A surgein domestic natural-gas pro-duction has pushed downprices, leading utilities toburn more gas. But coal’smarket share has stabilizedin recent months amidhigher natural-gas prices.

Coal’s share of powergeneration, 12-monthrolling average

Source: Energy InformationAdministration

2011 201230

35

40

45%

>

Apple said that some of itsemployees’ Mac comput-

ers were attacked by hackers,a rare admission for a com-pany that has long touted itssecurity over PCs runningWindows. The malicious codein the attack is believed to bethe same discovered by Face-book after a recent breach. B1n BHP Billiton’s MariusKloppers is stepping down asCEO, in the latest leadershipchange at a giant miner. Hewill be succeeded by BHP ex-ecutive AndrewMackenzie. B2nDell posted steep profit andrevenue declines, but the re-sults were strong enough tobolster investors who saythe founder’s buyout planundervalues the company. B2n The FBI has begun a crim-inal probe into a big optionstrade made the day before theannouncement of the $23 bil-lion buyout of H.J. Heinz. C1n Deal news helped lift ma-jor benchmarks to five-yearhighs, with the Dow adding53.91 points. Google topped$800 for the first time. C4n Novartis abandoned a$78 million exit package forits chairman, bowing topressure from shareholdersand Swiss politicians. B1n BofA awarded CEO BrianMoynihan $12 million in sal-ary and bonus for 2012, re-flecting a rebound year at thesecond-largest U.S. lender. C3n Nestlé is withdrawingsome of its beef pasta mealsfrom sale in Italy, Spain andFrance after finding traces ofhorse DNA in the products. B4n Banks are increasing lend-ing to businesses, but thecheap rates and flexible termsbeing offered are raisingworries about the risks. C1n Japan’s merchandise tradebalance reached a recordmonthly deficit of $17.5 bil-lion in January, but exportsshowed improvement. A11n Revel AC, the owner ofthe struggling Revel casinoin Atlantic City, N.J., is pre-paring to file for bankruptcyprotection in coming weeks. B3n KKR is the only private-equity firm that remains inthe bidding for Gardner Denver,as buyer interest in the firmhas waned in recent weeks. B2n Spain’s Reyal Urbis said itwould file for bankruptcy pro-tection in what could becomethe second-largest default inSpanish corporate history. C9n A Senate panel probingJ.P. Morgan’s “Londonwhale” trading losses is wrap-ping up its report and con-sidering public hearings. C2n Negotiations are breakingdown between creditors ofResCap and its parent, AllyFinancial, over a settlementfor potential liability claims. C3nMcKinsey is reaching outto female employees who leftthe firm, presumably to startfamilies, to see whether theyare ready to return. B1

nAllen said he is retiring andwon’t takeNATO’s top job.The Marine general, whospent 19 months in Afghani-stan overseeing efforts to endthe war, said he was leavingthe military to spend moretime with his ailing wife. Al-len’s nomination for the NATOpost was put on hold last fallwhen he became ensnared in ascandal involving Petraeus,who quit due to an affair. A4Allen was investigated overemails exchanged with aFlorida socialite but wascleared of any wrongdoing.nDemocrats andRepublicanstraded fire over the $85 billionin federal spending cuts due tostart nextmonth in a late effortto shape public opinion.A1n The Supreme Court saidit would review whether toscrap limits on individuals’political contributions. A6n The justices threw out alower court’s standards im-posed on drug-sniffing dogsto justify a vehicle search. A6n The court curbed policeauthority to detain peoplewho left a residence detec-tives had come to search. A6nA Georgia hospital mergerisn’t immune from antitrustscrutiny, the court said. B3nFrance’s campaign againstIslamist rebels inMali is com-plicated by internecine Tuaregfeuds. A French soldier died af-ter clashes with insurgents.A7n A French family was kid-napped in Cameroon. Francesaid a Nigerian Islamist groupwas likely behind the raid. A7nGunmen at Brussels Airportstole at least $50million in dia-monds from a jet as passengerswaited for bags to be loaded.A1n Tunisia’s premier quit afterhis party refused to back hiscall for a new government ofindependent technocrats. A8n Civilian deaths in the Af-ghan conflict fell 12% in 2012from the year before, thefirst decrease in six years. A8nThe EU’s bid to fight globalwarming with an emissions-trading system is faltering asthe price for polluting falls. A10nA study questioned thevalue of robotic surgery forhysterectomies over otherminimally invasive surgery. A2nDetroit is in a state of finan-cial emergency with no realis-tic plan to resolve the crisis, aMichigan review team said. A6n Israel identified the Austra-lian-Israeli man at the heart ofa spy saga after disclosing thathe hanged himself in jail. A9nA lobbyist saidArmstronghired his firm in 2010 to raiseconcerns about an agent lead-ing a federal doping probe. A2nPistorius thought there wasa burglar in his bathroomwhenhe fired at the door, killing hisgirlfriend, his lawyer said. A9nA gas explosion triggered alarge fire near a shopping dis-trict in Kansas City, Mo. A2nDied:Martin Zweig, 70, in-vestor predicted 1987 crash. C3

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What’s News–i i i i i i

MANAMA, Bahrain—A widen-ing split between rival bloodlineswithin Bahrain’s royal family isempowering anti-American hard-liners in this strategically impor-tant island-state, palace insiderssay, stoking U.S. concerns aboutits primary naval base at theheart of the Persian Gulf.

The split, largely hidden fromview until recently, involves twobranches of the Khalifa royalfamily, both descended frombrothers installed by the Britishin 1869. In an unusual breach ofroyal-family discipline, palace figures describedthe divisions in interviews with The Wall StreetJournal. Last week marked the two-year anniver-sary of historic Arab Spring protests here thatcontinue to echo daily in Bahrain’s streets.

The royal rivalry within tinyBahrain, nestled in the PersianGulf between Saudi Arabia andIran, has geopolitical signifi-cance. It is empowering Sunni Is-lamists and eroding American in-fluence here, according toWestern diplomats, U.S. officials,ruling-family rivals, oppositionleaders and political analysts.

The feud pits the king, whosepredecessors nurtured Westernties for decades, against a hered-itary line within the royal familyknown as the Khawalids. TheKhawalids, whose power base in-cludes the hard-line Islamist

movement, were long marginalized within thefamily. But in recent years, the Khawalids gainedcontrol of important institutions including Bah-rain’s security and intelligence forces, the judiciary

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BY DANIEL MICHAELS

Gunmen Waylay Jet,Swipe Diamond Trove

BY CHARLES LEVINSON

other people familiar with theevents.

The thieves snatched the par-cels of jewels and sped off inminutes without firing a shot,said Belgian prosecutor Ine VanWymersch. Many travelers onthe plane and inside the terminaldidn’t know what was happen-ing. “It was well-prepared andvery professional,” she said.

The theft rattled Antwerp, aworld hub for trading in gemsand precious metals. Nearly allof those valuables pass throughBrussels Airport.

The thieves appeared to havedetailed information about boththe cargo and operations at the

airport, and likely had help frompeople at the airport, accordingto an aviation-security specialistknowledgeable about the inci-dent. Since the terrorist attacksof Sept. 11, 2001, internationallaw-enforcement officials havebeen concerned about securitythreats posed by people workinginside airports and other sensi-tive facilities.

The brazen heist is Europe’shighest-value airport-tarmacholdup in a decade, aviation-se-curity exports said. Authoritieson Tuesday didn’t detail exactlywhat was stolen, so estimates ofthe value of the goods varied.

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A Palace Rift in Persian GulfBedevils Key U.S. Navy Base

SMOKING RUIN: In a photo provided by Syrian rebels, residents of the northern city of Aleppo inspect the devastation of what insurgents saidwas a government missile strike that killed at least 33. Meanwhile, mortars exploded near a palace of President Bashar al-Assad in Damascus. A11

Shaam

New

s/AFP

/Getty

Images

As Bikes of Burden Rise, One CompanyPeddles Slowly to the Revolution

i i i

The Latest Thing With the Hyper Hip,But Worksman Isn’t ‘Very Trendoid’

NEW YORK—The cargo bike—a bicycle built to move stuff—isa “life-changing wonder,” ac-cording to Liz Canning’s website.Ms. Canning, a digital animatorin California, is making a crowd-sourced video aboutthe coming cargo-bike “cultural revolu-tion.”

Cargo bikes cancost $3,000 apiece—$5,000 with electricassist. They haveboxes or trailers forcarbon-free carting—a hyper-hip answerto the pickup truck.Small workshopsbuild cargo bikes inthe U.S., or have them built inTaiwan. Many are Dutch or Dan-ish imports.

Oh, and there’s a New Yorkcompany that makes them, inthe Ozone Park section of

Queens. Except it doesn’t callthem cargo bikes. They arecalled freight bikes. They comewith “massive, machined steer-ing spindles,” “Kevlar-beltedtires” and such. One model, theSuper Heavy-Duty Mover, han-dles a 500-pound load and sells

for $869.The company is

Worksman TradingCorp., named not forwhat it does but forMorris Worksman.He founded it, in1898, in the beliefthat bicycle cartscould outsell horsecarts.

Horseless carriagesoutsold both, divert-ing Worksman to

Good Humor carts (with jinglebells) and pizza-delivery bikes,but mainly to bikes for navigatingthe floors of gigantic factories.

As the oldest bicycle and tri-PleaseturntopageA12

Worksman bike

BY BARRY NEWMAN

Government Missile Lays Waste to a Syrian Rebel Enclave

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SUDAN

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BAHRAIN

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ArabianSea

With less than two weeks to gobefore the latest fiscal face-off,rhetoric heated up Tuesday as thepolitical parties exchanged fireover whom to blame if loomingspending cuts take effect.

With Congress in recess thisweek, Republican and Democraticleaders sent lawmakers homearmed with fact sheets about the$85 billion in across-the-boardfederal spending cuts due to startMarch 1, and talking points onhow to blame the other side.Meantime, the White House andlawmakers are making no prog-ress toward forging a compromiseto avoid the reductions, which areknown in Washington as the se-quester.

President Barack Obama, whohas proposed a deficit-reductionstrategy that includes curbs on taxbreaks for upper-income people,held a media event with firefight-ers, police officers and emergencymedical technicians to ratchet uppolitical pressure on Republicansto agree to delay the cuts. “Areyou willing to see a bunch of firstresponders lose their job becauseyou want to protect some specialinterest tax loophole?” he said.

Mr. Obama tried to infuse agreater sense of urgency into thedebate at a time when many peo-ple outside Washington are justbeginning to focus on the impend-ing budget cuts.

“These cuts are not smart, theyare not fair, they will hurt oureconomy, they will add hundredsof thousands of Americans to theunemployment rolls,’’ he said.

PleaseturntopageA6

BY JANET HOOKAND COLLEEN MCCAIN NELSON

RhetoricTurnsHarshAs BudgetCuts Loom

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