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| Exclusive: Onyx provides drug trial data to potential bidders - sources Wednesday, Aug 21, 2013 04:33 PM PDT By Soyoung Kim and Deena Beasley (Reuters) - Onyx Pharmaceuticals Inc has given potential buyers, including Amgen Inc, access to trial data on its new cancer drug, removing a key hurdle that was holding up deal talks, according to three people familiar with the matter. The company's attempt to sell itself for around $9.5 billion hit an impasse in recent weeks after lead bidder Amgen sought trial data about blood cancer drug Kyprolis - something that Onyx was reluctant to share, Reuters reported last week. ... Full Story | Top |
| Mothballed telescope gets new life as asteroid hunter Wednesday, Aug 21, 2013 04:24 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - NASA will reactivate a mothballed infrared space telescope for a three-year mission to search for potentially dangerous asteroids on a collision course with Earth, officials said on Wednesday. The Wide-field Infrared Survey Explorer, or WISE, telescope also will hunt for targets for a future mission to send a robotic spacecraft to rendezvous with a small asteroid and relocate all or part of it into a high orbit around the moon. ... Full Story | Top |
| Exclusive: After setbacks, Motiva refinery faces lengthy 2014 work - sources Wednesday, Aug 21, 2013 03:28 PM PDT By Erwin Seba HOUSTON (Reuters) - The biggest U.S. oil refinery could shut its main crude distillation unit for up to three months next year to replace a vibrating pipe, sources familiar with operations said, in what would be another blow to the troubled $10 billion plant. The 600,000 barrel-per-day (bpd) refinery in Port Arthur, Texas, has sustained a series of setbacks since Motiva Enterprise opened it last year. The setbacks include two fires last week that shut three parts of the plant. ... Full Story | Top |
| Wall Street falls after Fed minutes yield few clues Wednesday, Aug 21, 2013 01:39 PM PDT  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks ended lower in choppy trading on Wednesday after minutes from the U.S. Federal Reserve's July meeting offered few clues on the timing of a reduction in its bond-buying program. Minutes from the meeting showed almost all the policymakers on the central bank's Federal Open Market Committee agreed that a change to the stimulus was not yet appropriate, and only a few thought it would soon be time to "slow somewhat" the pace of the stimulus policy. "The minutes didn't tell us much. ... Full Story | Top |
| Incyte pancreatic cancer drug improves survival in mid-stage trial Wednesday, Aug 21, 2013 10:35 AM PDT (Reuters) - Incyte Corp reported an improved survival rate in patients most likely to benefit from its experimental pancreatic cancer treatment, Jakafi, sending the company's shares up 30 percent to its highest in almost 13 years. Analysts said the data from a mid-stage trial suggested that the drug, already approved in the U.S. to treat a form of blood cancer, can work in a late-stage pancreatic cancer study, as well as on other cancerous tumors. ... Full Story | Top |
| China bird flu analysis finds more virus threats lurking Wednesday, Aug 21, 2013 10:06 AM PDT  By Kate Kelland LONDON (Reuters) - A deadly new bird flu virus in China evolved from migratory birds via waterfowl to poultry and into people, and there are other bird flu viruses circulating that could follow the same path, scientists have found. The study - an analysis of the evolutionary history of the H7N9 bird flu that has so far killed 44 people - identified several other H7 flu viruses circulating in birds that the researchers said "may pose threats beyond the current outbreak". ... Full Story | Top |
| Texas names third utility commissioner as power woes loom Wednesday, Aug 21, 2013 09:57 AM PDT HOUSTON (Reuters) - Texas Governor Rick Perry on Wednesday named Brandy Marty, his former chief of staff, to a seat on the Texas Public Utility Commission, a panel currently divided over how to deal with a looming power scarcity problem. Electric demand in Texas is growing faster than generation is being built, shrinking the state's reserve margin and increasing the likelihood of rolling outages in future years, the grid operator has warned. Marty will replace commissioner Rolando Pablos who resigned March 1, six months before his term ended. ... Full Story | Top |
| Japan's nuclear crisis deepens, China expresses 'shock' Wednesday, Aug 21, 2013 03:25 AM PDT  By Kiyoshi Takenaka and James Topham TOKYO (Reuters) - Japan's nuclear crisis escalated to its worst level since a massive earthquake and tsunami crippled the Fukushima plant more than two years ago, with the country's nuclear watchdog saying it feared more storage tanks were leaking contaminated water. The U.N. ... Full Story | Top |
| UK gas prices ease on oversupplied system Wednesday, Aug 21, 2013 02:01 AM PDT  LONDON (Reuters) - British prompt gas prices dropped slightly on Wednesday morning as the system opened slightly long, allowing for some storage injections. Gas prices for next-day delivery were trading at 64.15 pence per therm at 0830 GMT, down 0.2 pence from their opening value, and prices for within-day delivery were trading at 64 pence. Analysts said the slight drop was the result of an oversupplied system that allowed utilities to inject excess gas into storage. Britain's gas demand was expected to be 143.3 million cubic metres (mcm) on Wednesday, almost 42 percent below the seasonal ... Full Story | Top |
| Uranium miners face new hurdles as Fukushima disaster worsens Wednesday, Aug 21, 2013 01:14 AM PDT  By James Regan SYDNEY (Reuters) - Revelations of more toxic leaks from Japan's Fukushima Daiichi nuclear power plant will raise second-thoughts about Japan's nuclear future, but won't halt the long-term global expansion of the industry, the head of a uranium mining company said. ... Full Story | Top |
| Bomb attacks halt Kirkuk-Ceyhan oil pipeline: Iraq officials Wednesday, Aug 21, 2013 12:59 AM PDT BAGHDAD (Reuters) - Two bomb attacks halted the flow of crude oil through a pipeline running from Iraq's Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey, causing severe damage, two Iraqi oil officials said on Wednesday. One bomb attack took place at around 0100 local time on Wednesday near Hadhar in Nineveh Province, 80 km (50 miles) south of Mosul. Another section of the line was also attacked near Fatha, between Kirkuk and the northern city of Baiji, the officials said. (Reporting by Ahmed Rasheed; editing by Jason Neely) Full Story | Top |
| Australia's Palmer discovers potential $35 billion PNG gas region Tuesday, Aug 20, 2013 11:21 PM PDT  SYDNEY (Reuters) - Australian mining mogul Clive Palmer says his oil and gas business has identified what could be one of the world's largest gas fields off the coast of Papua New Guinea, potentially worth $35 billion. After $50 million worth of exploration over 3,000 square km, the northern region of the Gulf of Papua was found to have about 28 trillion cubic feet of recoverable gas. ... Full Story | Top |
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