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| Tropical Storm Karen takes aim at U.S. Gulf Coast Thursday, Oct 03, 2013 05:20 PM PDT  By Jane Sutton MIAMI (Reuters) - The first cyclone to threaten the U.S. coast this year formed over the Gulf of Mexico on Thursday and was forecast to sweep through offshore oil installations before hitting the mainland between Louisiana and the Florida Panhandle, the U.S. National Hurricane Center said. Some energy companies in the Gulf started shutting down production and evacuating workers from offshore platforms as Tropical Storm Karen approached a region that produces nearly a fifth of daily U.S. oil output. Three days after much of the U.S. ... Full Story | Top |
| U.S. hints Iran could get some sanctions relief if takes steps Thursday, Oct 03, 2013 03:00 PM PDT  By Arshad Mohammed and Timothy Gardner WASHINGTON (Reuters) - WASHINGTON, Oct 3 (Reuters) - The United States held out the possibility on Thursday of giving Iran some short-term sanctions relief in return for concrete steps to slow uranium enrichment and shed light on its nuclear program. Under Secretary of State Wendy Sherman, the lead U.S. ... Full Story | Top |
| TSX drops to near three-week low as U.S. government stays shut Thursday, Oct 03, 2013 01:57 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index dropped on Thursday to its lowest in nearly three weeks as negative sentiment caused by the extended U.S. government shutdown helped offset upbeat economic data from China. Every major sector on the index was trading in the red, taking the Toronto market into negative territory for a second straight session. Investors also cast an eye on BlackBerry , which is the focus of a $4.7 billion bid from a consortium led by Fairfax Financial . Shares of the smartphone maker shed 3.6 percent. ... Full Story | Top |
| Wall Street ends lower as shutdown continues for third day Thursday, Oct 03, 2013 01:56 PM PDT  By Angela Moon NEW YORK (Reuters) - U.S. stocks dropped on Thursday as investors worried that a budget stalemate in Congress would become entangled with much more critical legislation to raise the federal borrowing limit. The standoff between congressional Democrats and Republicans to pass an emergency funding bill, which has led to a third day of a partial U.S. government shutdown, continued with little sign of progress toward a solution. ... Full Story | Top |
| NBC reality TV show to send winner to space with Virgin Galactic Thursday, Oct 03, 2013 01:45 PM PDT  By Irene Klotz HOUSTON (Reuters) - After a decade of casting around for a space-themed show, reality TV producer Mark Burnett has finally found a way to launch his dream. On Thursday, Burnett, creator of "Survivor" and "The Voice" unveiled a partnership with Virgin Galactic, a U.S. offshoot of Richard Branson's London-based Virgin Group, for a TV series that will send someone to space. ... Full Story | Top |
| Telecom Italia picks Patuano as CEO after strategy clash Thursday, Oct 03, 2013 01:02 PM PDT By Danilo Masoni and Stefano Rebaudo MILAN (Reuters) - Telecom Italia said on Thursday it had picked insider Marco Patuano as chief executive after long-standing executive chairman Franco Bernabe resigned in a strategy clash with core shareholders, paving the way for possible asset sales. Patuano, who started his career in Telecom Italia after graduating at Milan's elite Bocconi university in 1990, is expected to draw up a new business plan that could include divestments at the debt-laden former monopoly phone company. ... Full Story | Top |
| U.S. FDA approves Pfizer drug for menopause symptoms Thursday, Oct 03, 2013 11:46 AM PDT  (Reuters) - U.S. health regulators approved Pfizer Inc's menopause drug Duavee, which the company hopes will reduce hot flashes with fewer side effects than older hormone-replacement therapies. The Food and Drug Administration said on Thursday it approved the drug to treat women with moderate to severe menopause symptoms and to prevent post-menopausal osteoporosis, a bone disease which can increase the risk of fractures. ... Full Story | Top |
| Tropical Storm Karen headed for U.S. Gulf Coast Thursday, Oct 03, 2013 11:41 AM PDT By Jane Sutton MIAMI (Reuters) - Tropical Storm Karen formed in the southeastern Gulf of Mexico on Thursday and was forecast to sweep through U.S. oil installations before hitting the Gulf Coast between Louisiana and the Florida Panhandle, the National Hurricane Center said. Energy companies in the Gulf started shutting in production on Thursday and were evacuating some workers from offshore platforms as Karen approached a region that produces nearly a fifth of daily U.S. oil output. Three days after much of the U.S. ... Full Story | Top |
| Ukraine moves closer to second shale gas deal Thursday, Oct 03, 2013 10:55 AM PDT  KIEV (Reuters) - A second regional council in Ukraine on Thursday approved a government draft for a $10 billion shale gas production-sharing agreement with U.S. energy major Chevron , clearing the way for it to be signed. Deputies in Lviv region voted by 66-to-3 in favor of the draft, which calls for shale exploration in the Olesska field in the west of the country. A council in the neighboring Ivano-Frankivsk region, whose approval was also necessary, backed the deal last month. ... Full Story | Top |
| Top London banker's effort to clear name nears end Thursday, Oct 03, 2013 10:28 AM PDT  By Clara Ferreira-Marques and Clare Hutchison LONDON (Reuters) - The battle by one of London's top bankers to overturn a market abuse fine neared the end on Thursday, with his lawyers saying his aims were perfectly proper as they wrapped up a case that has highlighted banks' working practices and tested Britain's new financial regulator. Ian Hannam has been a high-profile name in London financial circles for more than a decade. Once a so-called rainmaker at investment bank JPMorgan , he brought in clients, money and respect thanks to his bulging contact book. ... Full Story | Top |
| TransCanada's Energy East pipeline application to be delayed: report Thursday, Oct 03, 2013 09:35 AM PDT CALGARY, Alberta (Reuters) - TransCanada Corp's application to Canadian regulators for its proposed 1.1 million barrel per day Energy East pipeline will be delayed until sometime in 2014, the news agency Canadian Press reported on Thursday. TransCanada's Steve Pohlod, vice president, commercial east, told an energy conference in Saint John, New Brunswick, there is too much work to do to meet the original target of filing the application with Canada's National Energy Board before the end of 2013, the report said. TransCanada officials were not immediately available for comment. ... Full Story | Top |
| Egypt to issue smart cards to fuel stations in subsidy-cutting move Thursday, Oct 03, 2013 09:32 AM PDT CAIRO (Reuters) - Egypt is preparing to print 5 million smart cards as part of a program to reduce costly energy subsidies and will distribute them over the next three months, Finance Minister Ahmed Galal said on Thursday. Motorists will eventually use the cards to buy gasoline and diesel at fuel stations in a program begun by the administration of President Mohamed Mursi before he was ousted by the army in July. ... Full Story | Top |
| Goldman Sachs funds invest in DONG Energy, seek IPO Thursday, Oct 03, 2013 07:28 AM PDT  By Mette Fraende and Geert De Clercq COPENHAGEN (Reuters) - Two funds managed by Goldman Sachs and two Danish pension funds will between them buy 26 percent in Danish state-owned oil and gas group DONG Energy for 11 billion Danish crowns ($2.00 billion) and plan an IPO for the firm, the companies said. Credit analysts said the investment, via a capital increase, could lead to a review of the negative outlook on DONG's credit rating. ... Full Story | Top |
| Diesel exhaust pollution may disrupt honeybee foraging Thursday, Oct 03, 2013 06:07 AM PDT  By Kate Kelland LONDON (Reuters) - Exposure to pollution from diesel exhaust fumes can disrupt honeybees' ability to recognize the smells of flowers and could in future affect pollination and global food security, researchers said on Thursday. In a study published in the Nature journal Scientific Reports, scientists from Britain's University of Southampton found that the fumes change the profile of the floral odors that attract bees to forage from one flower to the next. ... Full Story | Top |
| EU preparing to charge Gazprom in antitrust case Thursday, Oct 03, 2013 04:06 AM PDT  By Foo Yun Chee and Andrius Sytas VILNIUS (Reuters) - EU regulators are preparing to charge Russian gas export monopoly Gazprom with abusing its dominant position in central and eastern Europe, the EU's antitrust chief said on Thursday, in a move that could lead to a fine of up to $15 billion. The European Commission's action against Gazprom is likely to ratchet up the tension between Europe and Russia, which has criticized EU attempts to boost energy market competition and end its over-reliance on Russian supplies. ... Full Story | Top |
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