1. SQUARE ONE

    Australia: MH370 Not in Search Area

    Malaysia Airlines aircrafts taxi on the runway at Kuala Lumpur International Airport in Sepang outside Kuala Lumpur May 13, 2014. Malaysia Airlines will report first-quarter earnings later on May 15, 2014, that are set to provide confirmation of just how badly the already loss-making carrier's finances have been hit by the vanishing of flight MH370 on March 8. Picture taken May 13, 2014. REUTERS/Samsul Said (MALAYSIA - Tags: TRANSPORT BUSINESS) - RTR3P6SL

    Samsul Said/Reuters

    The search for Malaysia Airlines Flight 370 is seemingly back to square one. According to the Australian Transport Safety Bureau, “the search in the vicinity of the acoustic detections can now be considered complete and, in its professional judgment, the area can now be discounted as the final resting place of MH370.” The four acoustic pings that were driving the search for the still-missing plane likely did not actually come from it. Authorities now believe that the sounds probably emanated from some other man-made source. A seven-week search of 329 square miles of ocean floor was largely guided by the pings, which now means the search was effectively for naught.

    Read it at The Daily Beast