Oracle reacts positively....

[Excerpt nzherald.co.nz] MADRID - US challenger Oracle reacted positively to the announcement of an agreement on new rules for the next America's Cup that may help resolve its legal battle with Swiss champions Alinghi.

"They were some positive things, we are definitely making progress, we are getting to a point where we agree to most of the points," Oracle's New Zealand skipper Russell Coutts said.
Alinghi representatives met in Geneva yesterday with 10 of the 12 challengers for the 33rd edition of the yachting's most prestigious event.

Alinghi announced afterwards that agreement had been reached on new rules on the nominations for the competition's Arbitration Panel, the Race Committee and for other senior positions.

"A large majority of the teams entered in the 33rd America's Cup today achieved another milestone in the process of getting the event back on the water," Alinghi said.

But both teams say they want to avoid the face-off, and...