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| U.S. says JPMorgan manipulated market; settlement seen Monday, Jul 29, 2013 06:59 PM PDT  WASHINGTON (Reuters) - The U.S. power regulator outlined its case of market manipulation against JPMorgan Chase & Co on Monday as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation. Reports of that probe have circulated for months and a deal with the regulator could put an end to a distraction for JPMorgan Chief Executive Jamie Dimon. The U.S. ... Full Story | Top |
| 'Comet of the Century' already may have fizzled out Monday, Jul 29, 2013 05:35 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Astronomers slated to meet this week to discuss observing plans for Comet ISON may not have much to talk about. The so-called "Comet of the Century" may already have fizzled out. "The future of comet ISON does not look bright," astronomer Ignacio Ferrin, with the University of Antioquia in Colombia, said in a statement on Monday. Ferrin's calculations show the comet, which is currently moving toward the sun at 16 miles per second, has not brightened since mid-January. ... Full Story | Top |
| Bombs kill 15 in Nigeria's Kano: police source Monday, Jul 29, 2013 04:08 PM PDT KANO, Nigeria (Reuters) - Multiple bomb blasts in Nigeria's biggest northern city of Kano killed 15 people on Monday, a senior policeman said, in an area previously targeted by militant Islamist group Boko Haram. Several witnesses said they saw dead bodies after hearing multiple blasts at around 9:30 p.m. (1630 EDT) in the Sabon Gari district, a predominantly Christian area dominated by ethnic Igbos from the southeast. "In all bomb attacks 15 were killed," the policeman in Kano told Reuters, asking not to be named. ... Full Story | Top |
| Jobs and education needed to win British over to fracking - survey Monday, Jul 29, 2013 04:02 PM PDT LONDON (Reuters) - Government incentives for affected communities must be followed up by education and job creation to convince a sceptical British public that fracking for shale oil and gas is right, according to a survey of industry professionals. Some 70 percent of almost 200 respondents to the survey by data provider Rigzone believe the British government was right to offer incentives to communities where hydraulic fracturing, known as fracking, and horizontal drilling will be used. But 51 per cent believed this will not be enough to win the public debate. ... Full Story | Top |
| U.S. panel backs lung cancer screening for high-risk groups Monday, Jul 29, 2013 03:15 PM PDT By Julie Steenhuysen CHICAGO (Reuters) - After decades of debate, an influential U.S. panel has endorsed the use of low-dose CT scans to detect lung cancer in high-risk individuals, paving the way for insurance coverage of the test for as many as 10 million smokers and former smokers. The draft guidelines issued on Monday by the U.S. Preventive Services Task Force call for annual CT screening of current and former smokers aged 55 to 80 with a history of smoking the equivalent of a pack a day for 30 years, or two packs a day for 15 years. ... Full Story | Top |
| Plains All American affiliate files for IPO of up to $1 billion Monday, Jul 29, 2013 03:11 PM PDT (Reuters) - Plains All American Pipeline LP affiliate Plains Gp Holdings LP filed with U.S. regulators to raise up to $1 billion in an initial public offering of Class A shares. The newly formed company will own limited partner interests in Plains AAP, which owns a 2 percent general partner stake in Plains All American Pipeline LP, a midstream company that transports, refines and sells liquid gas. The company, which listed Barclays as the underwriter to the IPO in its filing, did not reveal how many shares it planned to sell or their expected price. ... Full Story | Top |
| Wall St. declines as investors focus on Fed policy meeting Monday, Jul 29, 2013 02:26 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks fell on Monday, pulling back before this week's Federal Reserve meeting that could signal when the Fed is going to begin reducing its bond purchases aimed at helping the economic recovery. Losses were led by the energy and financial sectors, with both the S&P energy index and S&P financial index down 0.8 percent. Shares of Southwestern Energy slid 3 percent to $38.14 and shares of Noble Energy fell 2.1 percent to $62.07 following as a decline in natural gas prices. ... Full Story | Top |
| Insight: Heavenly iron ore prices bound for purgatory as China reforms Monday, Jul 29, 2013 02:05 PM PDT  By Manolo Serapio Jr SINGAPORE (Reuters) - From building scores of new towns to constructing state-of-the-art rail networks, China's demand for steel to feed its modern-day industrial revolution has driven a spectacular rally in the price of the raw material iron ore. The meteoric rise of iron ore in the past decade, a basic commodity with no added value once it is unearthed, is starkly revealed when compared with the high-end technology sector. In 2005, a shipload of iron ore sailing to China was worth the equivalent of 2,200 flat screen televisions. ... Full Story | Top |
| Philadelphia natural gas blast injures eight, destroys three homes Monday, Jul 29, 2013 01:53 PM PDT By Daniel Kelley PHILADELPHIA (Reuters) - Eight people including three children were injured in Philadelphia on Monday when a natural gas explosion tore through a row house under renovation, causing the collapse of three houses and the evacuation of about 70 homes. Among those injured was a man who was hospitalized with severe burns and listed in critical condition and a child who had suffered minor injuries, the office of Philadelphia Michael Nutter said in a statement. ... Full Story | Top |
| Wolves help preserve berries for imperiled Yellowstone bears: study Monday, Jul 29, 2013 01:15 PM PDT  By Laura Zuckerman SALMON, Idaho (Reuters) - The return of wolves to Yellowstone National Park may be helping imperiled grizzly bears to survive by keeping elk herds on the move and preventing them from destroying berries that are a staple food for grizzlies, according to a new study. In the mid-1990s, the U.S. government released fewer than 100 wolves into the park and the wilderness near Salmon, Idaho, to restore an iconic Western animal that had been hunted, trapped and poisoned to near extinction in the Northern Rocky Mountains. ... Full Story | Top |
| For males, monogamy can have evolutionary benefits Monday, Jul 29, 2013 12:51 PM PDT By Sharon Begley NEW YORK (Reuters) - Whenever a public figure cheats on his wife, pundits can be counted on to trot out the tired old claim that males are simply wired by evolution to be promiscuous. Two studies released on Monday beg to differ. By sticking to one female, they conclude, males of many species, especially primates, can increase their chances of siring many offspring who survive long enough to reproduce - the key factor in determining whether a particular behavior survives the brutal process of natural selection. ... Full Story | Top |
| Medium chance of cyclone North of Puerto Rico: NHC Monday, Jul 29, 2013 11:09 AM PDT (Reuters) - Remnants of tropical storm Dorian, located a couple of hundred miles north of Puerto Rico, have a 30 percent chance of becoming a tropical cyclone during the next 48 hours, the U.S. National Hurricane Center said in its latest advisory. The remnants of Dorian are expected to move west-northwestward at 15 miles per hour to 20 miles per hour over the next couple of days. (Reporting by Shrutee Sarkar in Bangalore; Editing by Gerald E. McCormick) Full Story | Top |
| Synta Pharma shares soar after co says to expand breast cancer study Monday, Jul 29, 2013 10:20 AM PDT (Reuters) - Synta Pharmaceuticals Corp shares soared as much as 47 percent in heavy trading after the company said preliminary results from a mid-stage study of its drug ganetespib in breast cancer patients supported an expansion of the study. According to the design of the trial, it would advance to the second stage of enrollment if at least one patient achieved objective tumor response, a measure of reduction in tumor size. The study, codenamed ENCHANT-1, showed that four patients achieved an objective tumor response. ... Full Story | Top |
| Colombia's ELN rebels pledge to free Canadian captive soon Monday, Jul 29, 2013 09:54 AM PDT BOGOTA (Reuters) - Colombian rebel group the National Liberation Army said on Monday it would soon free a Canadian citizen it seized six months ago after his employer, gold miner Braeval, decided it would no longer mine in the area where he was kidnapped. The smaller of Colombia's two insurgent groups, known as the ELN, said the mining company's decision "showed goodwill" and brings closer the release of geologist Jernoc Wobert, who was kidnapped along with two Peruvian and three Colombian colleagues in northern Bolivar province. The other captives were freed weeks later. ... Full Story | Top |
| Uganda in talks with Chinese firm to bail out indebted MPs Monday, Jul 29, 2013 09:20 AM PDT By Elias Biryabarema KAMPALA (Reuters) - The Ugandan parliament is in talks with a Chinese company on buying out the debts of legislators facing high repayment fees on loans taken against their salaries, a member of parliament said on Monday. The arrangement has been criticized by diplomats and rights groups, who say Uganda is giving too much leverage to China as its companies secure many infrastructure and oil contracts. ... Full Story | Top |
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