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| New U.S. clinical trial poses risks to premature babies: watchdog Thursday, Aug 22, 2013 07:36 PM PDT (Reuters) - A new clinical trial funded by the U.S. government exposes premature infants suffering from anemia to risks without fully informing their parents, advocacy group Public Citizen said on Thursday. The group, in a letter, asked U.S. Health and Human Services Secretary Kathleen Sebelius to stop recruiting for the trial, which aims to determine the best way to treat anemia in premature infants. It also calls on HHS to notify parents of babies already enrolled in the trial of the potential risks. ... Full Story | Top |
| BHP Billiton cuts bonuses, CEO forgoes $1.5 million in shares Thursday, Aug 22, 2013 05:51 PM PDT  MELBOURNE (Reuters) - BHP Billiton Ltd has cut bonus payouts to its top executives, as total returns to shareholders fell over five years, even though the top global miner beat its target for outperforming its peers over that period. New Chief Executive Andrew Mackenzie, who was first poached from rival Rio Tinto in 2008, also gave up shares worth 941,000 pounds ($1.47 million) at Thursday's close that were due to him from his sign-on bonus. In total, Mackenzie was awarded shares worth 4.6 million pounds, after the company decided to pay out only 65 percent of long-term share bonuses. ... Full Story | Top |
| Former 'King of Biotech' settles with SEC Thursday, Aug 22, 2013 05:18 PM PDT By Bernard Vaughan NEW YORK (Reuters) - An investor formerly known as the "King of Biotech" has reached a settlement with the U.S. Securities and Exchange Commission over a market manipulation scheme, according to court documents filed on Thursday. David Blech, who earned the nickname as a founder of companies and a major investor in the biotechnology sector, agreed to pay $1.03 million in disgorgement and interest for the scheme. ... Full Story | Top |
| New Martoma indictment describes second doctor as insider source Thursday, Aug 22, 2013 03:11 PM PDT  By Emily Flitter NEW YORK (Reuters) - U.S. prosecutors on Thursday restated their case against a former portfolio manager who worked for Steven A. Cohen's hedge fund SAC Capital Advisors, adding a new twist to what is considered to be the centerpiece of the multi-pronged legal action against SAC, court papers showed. Prosecutors filed a revised indictment in the insider trading case against Mathew Martoma the former SAC employee. In it, they restated their basic case against Martoma while adding new details, including information about a second doctor who allegedly gave him inside information. ... Full Story | Top |
| Crashing markets spell trouble for India's privatization plans Thursday, Aug 22, 2013 02:49 PM PDT  By Manoj Kumar and Rajesh Kumar Singh NEW DELHI (Reuters) - The collapse of the rupee is derailing India's hopes of raising more than $6 billion from the sale of stakes in state-run firms, jeopardizing a key plank of Finance Minister P.Chidambaram's blueprint to reverse the country's economic malaise. Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatizations, finance ministry sources said. Hit by the U.S. ... Full Story | Top |
| Economic data spurs TSX to biggest jump in 2 weeks Thursday, Aug 22, 2013 02:09 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index recorded its biggest daily percentage gain in two weeks after strong economic data from China, Europe and the United States fed optimism about the global economy. The brighter economic outlook boosted commodity prices and fueled a spike in shares of metals and mining companies. Most of the other major sectors, including the financial and energy groups, also advanced. Manufacturing activity climbed to its highest in months in both the United States and China, while it topped expectations in Europe. ... Full Story | Top |
| Italian astronaut recounts near-drowning during spacewalk Thursday, Aug 22, 2013 01:47 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - As his helmet filled with water, blurring his vision and cutting off radio communications, Italian astronaut Luca Parmitano says his thoughts quickly turned to the possibility of drowning during a recent spacewalk outside the International Space Station. Parmitano gave a blow-by-blow account of the terrifying incident, which occurred on July 16, in a blog published this week. "I can't even be sure that the next time I breathe I will fill my lungs with air and not liquid," Parmitano wrote on the European Space Agency's website. ... Full Story | Top |
| Canada Senate urges minimum insurance levels for railways Thursday, Aug 22, 2013 10:55 AM PDT  By David Ljunggren OTTAWA (Reuters) - Canada should force railways to take out enough insurance to ensure they can cover damage caused by major incidents, the Canadian Senate said on Thursday in a report issued after last month's train disaster in Quebec, which killed 47 people. The recommendation was one of 13 in a report by the Senate's energy, environment and natural resources committee on transporting oil and gas by pipeline, rail and tanker. The Senate is Canada's unelected upper house of Parliament. ... Full Story | Top |
| CP Rail ordered to resume traffic interchange with MMA Thursday, Aug 22, 2013 10:16 AM PDT TORONTO (Reuters) - Canadian Pacific Railway has been ordered by regulators to immediately resume handing off customer rail cars to Montreal Maine and Atlantic Railway (MMA), the company involved in last month's Quebec rail disaster, CP Rail said on Thursday. CP Rail Chief Executive Hunter Harrison said his company will comply with the order issued by the Canadian Transportation Agency (CTA), but that it disagreed with it and will review its legal options. CP said it is concerned about MMA's ability to transport dangerous goods safely. ... Full Story | Top |
| Lilly says deeply concerned by bribery allegations in China Thursday, Aug 22, 2013 08:35 AM PDT  SHANGHAI (Reuters) - U.S. drugmaker Eli Lilly and Co said it was "deeply concerned" about allegations published in a Chinese newspaper that it spent more than 30 million yuan ($4.90 million) to bribe doctors in China to prescribe the firm's medicines instead of rival products. A former senior manager for the company, identified by the pseudonym Wang Wei, told the 21st Century Business Herald that bribery and illegal payments at Eli Lilly's China operations were widespread, the paper reported on Thursday. ... Full Story | Top |
| Greek PM meets billionaire Saudi prince to discuss investments Thursday, Aug 22, 2013 08:16 AM PDT  ATHENS (Reuters) - Greek Prime Minister Antonis Samaras met Saudi billionaire Prince Alwaleed bin Talal on Thursday to discuss investment opportunities, government officials said, as Athens pushes for foreign investment for its depressed economy. "It was a customary visit, there is interest in investing in Greece," said a government official who declined to be named. The prince, ranked 26th on the Forbes global ranking of billionaires, owns large stakes in Citigroup, and Apple Inc. among other companies. ... Full Story | Top |
| Kenyan oil firm KenolKobil swings into H1 profit Thursday, Aug 22, 2013 07:03 AM PDT NAIROBI (Reuters) - Kenyan oil marketer KenolKobil swung into a first-half profit from a big loss in the same period last year after it slashed costs while foreign exchange losses narrowed. The firm, which was the subject of a failed takeover bid from Switzerland's Puma Energy earlier in the year, said it was bullish about its performance in the second half of the year. KenolKobil on Thursday posted a pretax profit of 199 million shillings against a loss of 5.68 billion shillings. ... Full Story | Top |
| New high-radiation spots found at quake-hit Fukushima plant Thursday, Aug 22, 2013 02:57 AM PDT  TOKYO (Reuters) - The operator of Japan's crippled Fukushima nuclear plant said on Thursday new spots of high radiation had been found near storage tanks holding highly contaminated water, raising fear of fresh leaks as the disaster goes from bad to worse. The announcement comes after Tokyo Electric Power Co (Tepco) said this week contaminated water with dangerously high levels of radiation was leaking from a storage tank. ... Full Story | Top |
| London Mining scores first profit as mine ramps up Thursday, Aug 22, 2013 01:58 AM PDT By Stephen Eisenhammer LONDON (Reuters) - Sierra Leone-focused miner London Mining went into the black for the first time since it listed in 2009, posting core profit of $24 million due to the ramp-up of its Marampa iron ore mine. Operating costs fell 18 percent to $62 per dry tonne, with the firm repeating it expected to hit a run rate of 5 million dry tonnes a year by the end of 2013 in a statement on Thursday. Shares in the miner were up 5 percent in early trade with analysts saying the results were solid and encouraging. ... Full Story | Top |
| South Africa's Exxaro posts 39 pct fall in H1 earnings Wednesday, Aug 21, 2013 11:49 PM PDT JOHANNESBURG (Reuters) - South African diversified resources group Exxaro reported a 39 percent drop in first-half headline earnings on Thursday, booking an impairment of 292 million rand on a coal mine that could cease production. Exxaro's headline earnings per share came in at 712 cents for the six months to end June compared to 1,162 cents in the same period last year. Headline EPS are the main profit gauge in South Africa and strip out certain one-time items. The company, a big supplier to power utility Eskom, said total coal production coal production remained stable at 19 million tonnes. ... Full Story | Top |
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