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| Fonterra CEO says sees no drop in orders after food safety scare Wednesday, Aug 07, 2013 09:04 PM PDT  WELLINGTON (Reuters) - Fonterra CEO Theo Spierings on Thursday said that he had not seen a reduction in the dairy exporter's customers since it was found to have produced contaminated dairy ingredients, while acknowledging the risk that its bottom line may take a hit in the future. "The answer to that question is no," he said in response to a reporter's query at a news conference regarding whether the company has seen a reduction in orders since the announcement that Fonterra had discovered it had exported tainted whey protein powder nearly a week ago. ... Full Story | Top |
| Tyson Foods to suspend buying cattle fed Zilmax additive Wednesday, Aug 07, 2013 08:53 PM PDT By Theopolis Waters CHICAGO (Reuters) - Tyson Foods Inc, the largest U.S. meat processor, said it would suspend purchases of cattle fed the growth enhancer Zilmax, saying it was worried about cases of cattle with difficulty walking although it did not know the specific cause of problem. Rumors of Tyson's action sparked a sharp rally in Chicago Mercantile Exchange cattle futures on Wednesday. Removing Zilmax from feed rations would bring down the weight of cattle, resulting in less available beef and likely drive up beef prices. ... Full Story | Top |
| New letter from American held in North Korea points to poorer health Wednesday, Aug 07, 2013 08:48 PM PDT  By Eric M. Johnson LYNNWOOD, Washington (Reuters) - Kenneth Bae, a U.S. citizen imprisoned in North Korea for crimes against the state, made a fresh appeal to the U.S. government for help and chronicled his declining health in a letter that reached his family on Wednesday, his sister said. Bae was sentenced in early May to 15 years of hard labor after North Korea's Supreme Court convicted him of state subversion, saying the 45-year-old Christian missionary had used his tourism business to form groups to overthrow the government. ... Full Story | Top |
| George W. Bush 'doing great' day after surgery for blocked artery Wednesday, Aug 07, 2013 06:38 PM PDT  By Marice Richter DALLAS (Reuters) - Former President George W. Bush was recovering at his home in Dallas on Wednesday, a day after undergoing surgery for a blocked artery, a Bush spokesman said. Bush, 67, is "doing great," his spokesman Freddy Ford said, after a stent, a wire mesh coil used to prop open arteries, was placed in the former president's heart at Texas Health Presbyterian Hospital in Dallas on Tuesday. The blockage was discovered on Monday during Bush's annual physical at the Cooper Clinic in Dallas. His doctors recommended the stent and Bush agreed to the procedure, Ford said. ... Full Story | Top |
| Exclusive: TPG explores $3 billion sale of specialty drugmaker Aptalis Wednesday, Aug 07, 2013 04:38 PM PDT By Jessica Toonkel and Soyoung Kim NEW YORK (Reuters) - TPG Capital LP has been exploring a sale of Aptalis Pharma, a specialty drugmaker it has owned since 2008 and values at more than $3 billion, four people familiar with the matter said on Wednesday. The private equity firm has been working with JPMorgan Chase & Co and Evercore Partners Inc to find a buyer for the Montreal-based drugmaker in a sale process that has been under way for several months, said the sources, who asked not to be named because the matter is confidential. ... Full Story | Top |
| IRS takes on Tyco in U.S. Tax Court debt-vs-equity dispute Wednesday, Aug 07, 2013 03:56 PM PDT By Patrick Temple-West WASHINGTON (Reuters) - A U.S. Tax Court fight between Tyco International Ltd and the Internal Revenue Service reflects a growing assertiveness by the agency over deductibility of interest in certain intercompany financing deals, tax lawyers said on Wednesday. Tyco is challenging a $1 billion tax bill assessed by the IRS based on its view that cash transfers carried out within the multinational company were not debt payments, but taxable dividends, according to U.S. Tax Court documents. ... Full Story | Top |
| Congress wins relief on Obamacare health plan subsidies Wednesday, Aug 07, 2013 03:15 PM PDT  By David Lawder WASHINGTON (Reuters) - Congress has won some partial relief for lawmakers and their staffs from the "Obamacare" health reforms that it passed and subjected itself to three years ago. In a ruling issued on Wednesday, U.S. lawmakers and their staffs will continue to receive a federal contribution toward the health insurance that they must purchase through soon-to-open exchanges created by President Barack Obama's signature healthcare law. ... Full Story | Top |
| High blood sugar tied to dementia in non-diabetics Wednesday, Aug 07, 2013 02:20 PM PDT By Gene Emery NEW YORK (Reuters Health) - Elderly people with high blood sugar - but not high enough to be diabetic - face a slightly greater risk of developing dementia, according to a new study of over 2,000 volunteers. The research, published in the New England Journal of Medicine, does not prove that high glucose levels directly cause dementia. But having an average glucose reading of 105 to 120 milligrams per deciliter (mg/dL) was tied to an increase in dementia risk by 10 percent to 20 percent in non-diabetics. If the reading was below 100, the risk was lower. ... Full Story | Top |
| Array says Amgen ends agreement, to cut 20 percent jobs Wednesday, Aug 07, 2013 02:00 PM PDT (Reuters) - Array Biopharma said it would cut 20 percent of its workforce as Amgen Inc plans to end an agreement to develop and market Array's drug to treat Type 2 diabetes. Array shares fell as much as 7 percent to $6.12 in trading after the bell. The company said it would record a one-time restructuring charge of $2.7 million in the first quarter of fiscal 2014. The company said it would have 200 employees after cutting 50 jobs. Most of the job cuts will be in the company's drug discovery business. ... Full Story | Top |
| Cocoa tied to improved brain function in some elderly Wednesday, Aug 07, 2013 01:24 PM PDT By Andrew M. Seaman NEW YORK (Reuters Health) - Older people with impaired blood flow to their brains saw improvements in thinking skills after drinking two cups of cocoa every day for a month, in a new study. The study's researchers caution, however, that people shouldn't start stocking up on hot chocolate mix to help solve their crossword puzzles based on the new finding. "We're several steps removed from that recommendation," said Dr. Farzaneh Sorond, the study's lead author from Brigham and Women's Hospital in Boston. ... Full Story | Top |
| Industry has "undue influence" over U.S. food additives: study Wednesday, Aug 07, 2013 11:42 AM PDT By Andrew M. Seaman NEW YORK (Reuters Health) - U.S. food companies have "undue influence" in vouching for the safety of common additives such as salt, trans fats and artificial sweeteners, according to an analysis released on Wednesday that calls for better oversight of the additive process, which is currently self-governed by industry. An analysis showed that all 451 notices of additive safety voluntarily submitted to the U.S. Food and Drug Administration between 1997 and 2012 came from people who had a vested interest in the outcome of those assessments. ... Full Story | Top |
| For Henrietta Lacks' famous cells, new and unique protection Wednesday, Aug 07, 2013 10:23 AM PDT  By Sharon Begley NEW YORK (Reuters) - Information about the most famous and valuable human cells in the history of science is about to become a little harder for researchers to get. The National Institutes of Health announced on Wednesday that it had reached an agreement with the family of the late Henrietta Lacks, the African-American woman whose cancer cells scientists took without her permission 62 years ago and used to create an endlessly replicating cell line now used in countless labs worldwide. ... Full Story | Top |
| Zimbabwe's Mugabe rejects West's criticism of his re-election Wednesday, Aug 07, 2013 10:05 AM PDT  By MacDonald Dzirutwe HARARE (Reuters) - Zimbabwean President Robert Mugabe on Wednesday defiantly rejected Western criticism of his disputed re-election and vowed to press ahead with nationalist economic policies transferring majority stakes in foreign-owned firms to blacks. In his first public comments since he was declared winner of a July 31 election that his main rival Morgan Tsvangirai rejects as fraudulent, Mugabe, Africa's oldest leader at 89, said his ZANU-PF party's victory had "dealt the enemy a blow". ... Full Story | Top |
| Scientists to make mutant forms of new bird flu to assess risk Wednesday, Aug 07, 2013 10:02 AM PDT By Kate Kelland, Health and Science Correspondent LONDON (Reuters) - Scientists are to create mutant forms of the H7N9 bird flu virus that has emerged in China so they can gauge the risk of it becoming a lethal human pandemic. The genetic modification work will to result in highly transmissible and deadly forms of H7N9 being made in several high security laboratories around the world, but it is vital to prepare for the threat, the scientists say. ... Full Story | Top |
| Actor Dustin Hoffman undergoes cancer treatment: publicist Wednesday, Aug 07, 2013 09:59 AM PDT  LOS ANGELES (Reuters) - Actor Dustin Hoffman has undergone treatment for cancer, the Oscar-winner's publicist confirmed on Tuesday. Hoffman's publicist, Jodi Gottlieb, declined to say what kind of cancer or when the "Tootsie" star was diagnosed. The news was first reported by People Magazine, where Gottlieb said the cancer had been "detected early and he has been surgically cured." The 75-year-old actor is set to undergo further preventative treatments to protect against the cancer returning, People reported. Hoffman, who won the best actor Oscar for his roles in 1979's "Kramer vs. ... Full Story | Top |
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