Reuters: Federal forecasters on Thursday downgraded their outlook for the 2014 Atlantic hurricane season, predicting "below normal" activity with seven to 12 named storms, no more than two of which are expected to reach major hurricane status. The U.S. National Oceanic and Atmospheric Administration (NOAA) said it was more confident of a below-normal season than when it issued its initial advisory in May, when a "near or below normal" season was predicted. The revised forecast predicts 70 percent chances...