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Friday, May 13, 2011

Markets Freak Out On Terrorism Fear After Train Hits Truck

CHICAGO (Reuters) – A Chicago-bound commuter train struck a truck in the northwest suburb of Mount Prospect Friday morning.
Early news of the accident caused a brief moment of volatility in U.S. financial markets on fears it was related to terrorism.
All train traffic on the northwest Union Pacific line is currently stopped, said Mike Gillis, spokesman for the Metra commuter rail service.
No fatalities were reported as of midmorning.
Mount Prospect police said ambulances were sent to the scene, but no details on injuries were available.
After the death of al Qaeda leader Osama bin Laden in Pakistan on May 1, his followers vowed revenge and last Monday the U.S. Homeland Security Department and the FBI issued another warning about the possibility of attacks.
The only specific plot revealed by U.S. authorities was a plan allegedly conceived in February 2010 to attack the U.S. rail system by derailing trains on September 11, 2011, the 10th anniversary of al Qaeda's attacks on New York and Washington.
Earlier on Friday, suicide bombers attacked a Pakistani paramilitary academy on Friday, killing 80 people in revenge for the death of Osama bin Laden, as Pakistani anger over the U.S. raid to get the al Qaeda leader showed no sign of abating.
(Reporting by Mary Wisniewski and Andrew Stern)

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