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| Venezuela expels top U.S. diplomat for fomenting 'sabotage' Monday, Sep 30, 2013 06:30 PM PDT  By Brian Ellsworth and Eyanir Chinea CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Monday he was expelling the top U.S. diplomat in the South American nation and two others, accusing them of meeting with opposition leaders and encouraging "acts of sabotage" against his country. It was the latest of several public disputes between the socialist leader and the United States since Maduro won an April election following the death of his mentor and predecessor Hugo Chavez. Maduro said Venezuelan authorities had for months followed the three U.S. ... Full Story | Top |
| Netanyahu to Obama: Tighten sanctions if Iran defies West Monday, Sep 30, 2013 05:59 PM PDT  By Matt Spetalnick and Dan Williams WASHINGTON (Reuters) - Israeli Prime Minister Benjamin Netanyahu urged President Barack Obama on Monday to step up sanctions on Iran if it pursues its nuclear drive even as Tehran exchanges overtures with Washington and restarts negotiations with the West. Seeking to reassure Israel about the emerging U.S. diplomatic engagement with Iran, Obama said Tehran must prove its sincerity with actions, insisted that Washington would not ease sanctions prematurely and reaffirmed U.S. readiness to resort to military action if all else fails. ... Full Story | Top |
| Ex-Morgan Stanley broker pleads guilty in insider trading case Monday, Sep 30, 2013 02:56 PM PDT  By Jonathan Stempel (Reuters) - A former Morgan Stanley financial adviser pleaded guilty to an insider trading charge for tipping a childhood friend to Gilead Sciences Inc's plan in 2011 to buy Pharmasset Inc, three days before the $11.2 billion takeover was announced, court and regulatory records show. Kevin Dowd, 38, on Monday pleaded guilty to conspiracy to commit securities fraud before U.S. District Judge Anne Thompson in Trenton, New Jersey. The Boca Raton, Florida resident faces up to five years in prison and a $250,000 fine when he is sentenced on January 15, 2014. ... Full Story | Top |
| EIA can operate through October 11 in case of government shutdown: official Monday, Sep 30, 2013 02:45 PM PDT NEW YORK (Reuters) - The U.S. Energy Information Administration has enough resources to operate through approximately October 11 in the event of a government shutdown, according to an EIA official. EIA employees were notified of the operational timeline late on Monday, said Mike Conner, an EIA oil supply analyst. Energy markets had been concerned about the release of weekly oil and natural gas inventory data, which are published on Wednesday and Thursday, respectively. (Reporting by Matthew Robinson) Full Story | Top |
| BP lied about size of U.S. Gulf oil spill, lawyers tell trial Monday, Sep 30, 2013 02:33 PM PDT  By Kathy Finn NEW ORLEANS (Reuters) - In the frantic days after the 2010 Gulf of Mexico oil spill, BP lied about how much oil was leaking from its Macondo well and took too long to cap it, plaintiffs' lawyers said on Monday at the opening of the second phase of the company's trial. A lawyer for BP told the U.S. District Court in New Orleans that the company did not misrepresent the oil flow and followed U.S. standards before and after the spill, the worst marine pollution disaster in the United States. ... Full Story | Top |
| TSX hits two-week low on U.S. fears; posts third quarter gain Monday, Sep 30, 2013 02:12 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index dropped to its lowest in two weeks on Monday as hopes faded that a U.S. budget impasse would be resolved in time to prevent a partial government shutdown. But for the third quarter, the Toronto stock market's benchmark index recorded its biggest quarterly gain in a year, outperforming the S&P 500 index, Wall Street's benchmark. Monday's losses were limited by a 14. ... Full Story | Top |
| Wall Street declines as government shutdown nears Monday, Sep 30, 2013 02:03 PM PDT  By Angela Moon NEW YORK (Reuters) - U.S. stocks closed lower on Monday with just hours to go before a midnight deadline to avert a federal government shutdown, but major indexes ended September with solid monthly gains. Losses were broad across the board and the decline accelerated in late trading but the benchmark S&P 500 index still ended up 3 percent for the month and 4.7 percent for the quarter. The Nasdaq jumped more than 10 percent for the quarter, its biggest quarterly gain since the first quarter of 2012. ... Full Story | Top |
| Ashton, asked about Iran sanctions, says she wants best atmosphere for talks Monday, Sep 30, 2013 01:21 PM PDT WASHINGTON (Reuters) - A top EU official, asked if new sanctions should be imposed on Iran as talks about its nuclear program unfold, said she wanted to go to the October 15-16 talks with Iran in Geneva with "the best possible atmosphere." "I am not in the business of telling Congress what to do," EU foreign policy chief Catherine Ashton said in response to a question at a Washington think tank about whether Congress, or others, should impose additional sanctions on Iran. ... Full Story | Top |
| Lilly mulls options as Medicare shuns Alzheimer's diagnostic Monday, Sep 30, 2013 12:32 PM PDT By Ransdell Pierson (Reuters) - Eli Lilly and Co on Monday said the federal government has unfairly blocked patient access to its Amyvid diagnostic test for Alzheimer's disease by denying reimbursement for such products, and said a requested new study of the test could create additional delay. "We are committed to this space and aren't letting this product go by the wayside," Eric Dozier, senior director of Lilly's Alzheimer's business division, said in an interview. The U.S. ... Full Story | Top |
| BP knew 2010 U.S. Gulf spill was risk, lawyers tell trial Monday, Sep 30, 2013 10:31 AM PDT  By Kathy Finn NEW ORLEANS (Reuters) - Long before the oil spill in the Gulf of Mexico in 2010, BP knew its Macondo well could explode and then lied about how much oil leaked, plaintiffs' lawyers said at the opening of the second phase of the company's trial on Monday. The British oil major is fighting to hold down fines that could hit $18 billion at the trial in New Orleans, which will determine responsibilities for the worst marine pollution disaster in the United States. ... Full Story | Top |
| Siemens' new CEO riles labor reps with news of job cuts Monday, Sep 30, 2013 09:03 AM PDT  MUNICH/FRANKFURT (Reuters) - Weekend news of 15,000 job cuts at Germany's Siemens has put the German engineering group's new chief executive, Joe Kaeser, on a collision course with workers' representatives only two months after he took the helm. "We oppose a margin-driven job-cutting program. Siemens needs a sustainable and future-oriented program that focuses on people and not just on margins," works council chief Lothar Adler said on Monday. Siemens, Germany's second-biggest company by market value, aims to save 6 billion euros ($8. ... Full Story | Top |
| Vitol in talks to buy $137 mln stake in Gabon oil Monday, Sep 30, 2013 08:47 AM PDT GENEVA (Reuters) - Vitol S.A. is in exclusive talks to buy a $137 million stake in an offshore licence in Gabon, the seller Harvest Natural Resources Inc said on Monday, deepening the Swiss-based oil trader's presence in West Africa, . Vitol signed a long-term contract to export oil from Gabon in February, complementing its existing position as a marketer of oil and offshore bloc stakeholder in Nigeria and Ghana. It also has interests in offshore fields in Ivory Coast and Cameroon. Under the deal, Vitol will buy Harvest Natural's 66. ... Full Story | Top |
| SNC-Lavalin looks to sell equity stake in AltaLink Monday, Sep 30, 2013 08:07 AM PDT  By Solarina Ho TORONTO (Reuters) - SNC-Lavalin Group wants to sell an equity stake in AltaLink, Alberta's largest regulated electricity transmission company, the Canadian engineering and construction company said on Monday. AltaLink, which owns more than half of Alberta's transmission grid, operates and maintains about 12,000 kilometers of transmission lines and 280 substations, serving 85 percent of the province's population. It is wholly owned by SNC. ... Full Story | Top |
| BP mulls long-term oil deal with Rosneft - sources Monday, Sep 30, 2013 08:07 AM PDT  By Dmitry Zhdannikov LONDON (Reuters) - BP is working on becoming the first oil major with a long-term deal to buy seaborne crude from Rosneft, trade sources said, after a number of trading houses this year secured large volumes from the Kremlin energy champion. While trading houses Glencore, Vitol and Trafigura agreed to lend Rosneft $11.5 billion (7.1 billion pounds) in exchange for oil supplies over five years, oil majors have largely stayed on the sidelines, preferring to buy Russian crude at spot tenders. ... Full Story | Top |
| Nigeria hands state power assets to private buyers Monday, Sep 30, 2013 07:34 AM PDT By Joe Brock ABUJA (Reuters) - Nigerian President Goodluck Jonathan handed ownership of the bulk of the state electricity company to private buyers on Monday, completing one of the final stages of a privatisation process meant to end decades of debilitating power shortages. Despite holding the world's ninth larg est gas reserves, Nigeria only produces a tenth of the amount of electricity as South Africa for a population three times the size. ... Full Story | Top |
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