The AvHerald article has been updated, and turns out it was a problem with flight deck instrumentation. The nose gear was lowered to increase drag and burn off fuel, as the B757 can not dump fuel.
Oddly enough, the following day, AA B757 N173AN was performing the same flight, AA121, and had a hydraulic issue and diverted to EGLL. So two AA B757s have issues, while operating the same flight segment, and divert to the same airport...
http://www.avherald.com/h?article=43ab2210&opt=0