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| U.S. military satellite, paid for by Australia, launched into orbit Wednesday, Aug 07, 2013 06:13 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - An unmanned Delta 4 rocket blasted off from Cape Canaveral Air Force Station in Florida on Wednesday carrying a communications satellite for the U.S. military and its partners, including Australia, which paid for the spacecraft and launch services. The Delta rocket, topped with the sixth Wideband Global Satcom, or WGS, spacecraft lifted off at 8:29 p.m. EDT and soared out over the Atlantic Ocean, illuminated by the setting sun, as it headed into space. ... 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 |
| Wall Street slips for third day on Fed uncertainty Wednesday, Aug 07, 2013 02:35 PM PDT  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks lost ground for a third consecutive session on Wednesday on growing uncertainty over when the Federal Reserve may start to wind down its stimulus, which has been a driving force behind the rally in equities this year. Even after the benchmark S&P 500 index suffered its biggest decline since June 24 on Tuesday, the market was unable to bounce back following comments from a pair of Fed officials that gave little clarity to how soon the central bank might reduce its bond-buying program. The S&P 500 broke below 1,694. ... Full Story | Top |
| Ghana court says to rule on election challenge by August 29 Wednesday, Aug 07, 2013 02:29 PM PDT By Matthew Mpoke Bigg ACCRA (Reuters) - Ghana's Supreme Court said on Wednesday it will rule by August 29 on an opposition challenge to the result of December's presidential election that was won by incumbent John Mahama. The outcome could have big implications for the West African state where investor excitement over its strong economy - GDP is expected to grow by 8 percent in 2013 for the second consecutive year - is tempered by concern over macroeconomic instability. ... Full Story | Top |
| Judge orders BP to pay $130 million fees to Gulf claims program Wednesday, Aug 07, 2013 02:03 PM PDT  NEW ORLEANS (Reuters) - BP Plc must pay $130 million to a court-appointed administrator overseeing payments to thousands of people who claimed they were hurt by the 2010 Gulf of Mexico oil spill, a federal judge ruled on Wednesday, in a fresh legal setback for the oil company. BP had balked at funding the third-quarter operating budget for the administrator, Louisiana lawyer Patrick Juneau, complaining that his bill contained "excessive costs." But U.S. Magistrate Judge Sally Shushan in New Orleans ruled that it was "unreasonable" for BP to halt funding. ... 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 |
| Amgen deal for Onyx possible within week-sources Wednesday, Aug 07, 2013 01:34 PM PDT By Soyoung Kim and Jessica Toonkel NEW YORK (Reuters) - Onyx Pharmaceuticals Inc is close to selling itself to larger rival Amgen Inc as the cancer drugmaker's high stock price has discouraged other companies from making a counteroffer so far, according to three people familiar with the matter. Amgen , the world's largest biotechnology company, is in advanced discussions to buy Onyx , with the two sides working toward a possible announcement as soon as within the next week, the sources said on Wednesday. ... Full Story | Top |
| Husky Energy may revamp Ohio refinery for some Canadian heavy crude Wednesday, Aug 07, 2013 01:20 PM PDT By Kristen Hays HOUSTON (Reuters) - Husky Energy is considering a revamp of its Lima, Ohio, refinery to process up to 40,000 barrels per day of Canadian heavy crude, a spokesman said on Wednesday. Canada's No. 3 integrated oil company has sanctioned preliminary engineering design for the project in the third quarter this year that, if approved, would revamp existing process units and add new equipment to handle heavy crude by 2017 at the 155,000 bpd plant. The refinery now processes light-sweet crude, and it would maintain that capability, spokesman Mel Duvall said. ... Full Story | Top |
| Mexico president weighs energy reform, delays unveiling Wednesday, Aug 07, 2013 11:38 AM PDT  By Anahi Rama and Ana Isabel Martinez MEXICO CITY (Reuters) - Mexico's government has pushed back to next week the unveiling of a proposed energy sector overhaul, as President Enrique Pena Nieto on Wednesday weighed the political cost of a divisive bill to revamp an ailing oil industry. The energy reform, which Pena Nieto said on Tuesday would be presented this week, aims to lure more private investment into the oil, gas and electricity sectors to boost flagging output and drive growth in Latin America's No. 2 economy. ... 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 |
| 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 |
| Exclusive: China OKs entry of first big cargo of Argentine corn Wednesday, Aug 07, 2013 09:02 AM PDT By Hugh Bronstein BUENOS AIRES (Reuters) - China has approved its first major shipment of genetically modified Argentine corn, Buenos Aires officials said on Tuesday, signaling an increase in competition for a market long dominated by U.S. exporters. Argentine Agriculture Minister Norberto Yauhar said Chinese health authorities cleared 60,000-tonnes of genetically modified (GMO) Argentine corn. The cargo was already headed inland to be used as hog and chicken feed. Benchmark Chicago corn futures fell briefly after Reuters reported on the shipment. ... Full Story | Top |
| Poll finds Americans want to live longer, but not too much Wednesday, Aug 07, 2013 08:40 AM PDT By Tom Heneghan, Religion Editor (Reuters) - How long would you like to live - 100 years? Maybe 120? Would extended life spans be good for society, the economy and the way people go through their lives? With populations aging and medical science progressing, questions like these are moving from the science-fiction category to the realm of long-term issues that ethicists and policy makers are starting to consider. ... Full Story | Top |
| Canada floods dampen Clean Harbors full-year outlook Wednesday, Aug 07, 2013 06:17 AM PDT (Reuters) - Environmental clean-up company Clean Harbors Inc cut its core earnings and revenue forecast for the year after flooding in western Canada reduced drilling activity in the region, sending its shares down 8 percent in trading before the bell. Record floods in June wreaked havoc in Alberta, home to many of Canada's oil companies. "The flooding in Canada affected both our industrial and field services segment and oil and gas field services segment," Chief Executive Alan McKim said. ... Full Story | Top |
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