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| Evacuations ordered as Tropical Storm Karen nears U.S. coast Friday, Oct 04, 2013 08:18 PM PDT  By Kathy Finn NEW ORLEANS (Reuters) - Authorities issued mandatory evacuation orders for low-lying areas south of New Orleans on Friday as a weakened Tropical Storm Karen closed in on the Louisiana coast after disrupting U.S. energy output in the Gulf of Mexico. Karen's top winds dropped to 45 mph, down from 65 mph a day earlier, although National Hurricane Center forecasters in Miami said the storm was expected to strengthen slightly on Saturday but remain a tropical storm. Oil output in the U.S. ... Full Story | Top |
| Ormet says shutting Ohio aluminum smelter immediately Friday, Oct 04, 2013 04:13 PM PDT NEW YORK (Reuters) - Ormet Corp will immediately close its 270,000-tonne-per-year aluminum smelter in Hannibal, Ohio, a casualty of historically low metal prices and "uncontrollable" power costs, the company said on Friday. The move follows a ruling on Wednesday by the Public Utilities Commission of Ohio (PUCO), which approved some major changes to Ormet's power contract with energy supplier American Electric Power Co Inc. ... Full Story | Top |
| Hundreds of Sudanese protest, but numbers down after crackdown Friday, Oct 04, 2013 03:22 PM PDT KHARTOUM (Reuters) - Several hundred Sudanese protested in Khartoum on Friday to demand the resignation of President Omar Hassan al-Bashir, but crowds were much smaller than last week, when protests provoked a bloody security crackdown. Amnesty International said on Wednesday that 210 protesters were killed in clashes with security forces last week, quoting figures from a Sudanese doctors' union. This was well above the 34 reported dead by the government, which has denied shooting any protesters it calls "vandals". ... Full Story | Top |
| Analysis: IT experts question architecture of Obamacare website Friday, Oct 04, 2013 03:04 PM PDT  By Sharon Begley NEW YORK (Reuters) - Days after the launch of the federal government's Obamacare website, millions of Americans looking for information on new health insurance plans were still locked out of the system even though its designers scrambled to add capacity. Government officials blame the persistent glitches on an overwhelming crush of users - 8.6 million unique visitors by Friday - trying to visit the HealthCare.gov website this week. The U.S. ... Full Story | Top |
| Ohio says may seek execution drugs from compounding pharmacies Friday, Oct 04, 2013 02:18 PM PDT  By Kim Palmer CLEVELAND, OHIO (Reuters) - Ohio prison officials said Friday they are changing current policies on executions that could include using drugs from compounding pharmacies, an industry that has come under increased scrutiny from regulators. The shift in the state's policy, which takes effect on October 10, comes just three weeks after the state used its last dose of the barbiturate pentobarbital to execute condemned murderer Harry Mitts. Mitts was convicted of killing a Cleveland-area police officer and the boyfriend of a neighbor in 1994. Ohio, along with Texas and other U.S. ... Full Story | Top |
| Energy shares pull TSX higher as Gulf storm lifts oil Friday, Oct 04, 2013 02:06 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index rose on Friday as energy shares gained with the price of oil after Tropical Storm Karen disrupted U.S. production in the Gulf of Mexico, but the benchmark Toronto index ended the week lower. As the storm moved through the Gulf, the price of oil rose on supply concerns. That took some of the attention away from the U.S. government shutdown, which had consumed the market all week. ... Full Story | Top |
| New York-Connecticut commuter line to resume full service October 7 Friday, Oct 04, 2013 12:33 PM PDT NEW YORK (Reuters) - The Metro-North Railroad expects to resume normal service on its heavily traveled New Haven line next Monday morning after a power failure caused delays for tens of thousands of commuters to New York City, officials said on Friday. New York's mass-transit agency said it would test a new power substation repaired by utility Consolidated Edison Inc, but that the railroad expects to resume "full service. ... Full Story | Top |
| Shale gas driller asks France for 1 billion euro compensation: report Friday, Oct 04, 2013 11:24 AM PDT PARIS (Reuters) - U.S.-based energy firm Schuepbach Energy is asking the French government for 1 billion euros ($1.36 billion) in compensation for blocking its shale gas exploration permits in France, an industry newsletter said on Friday, citing unnamed sources. French President Francois Hollande has repeatedly ruled out shale gas exploration during his presidency, confirming a ban on hydraulic fracking introduced by his Conservative predecessor. ... Full Story | Top |
| Change U.S. law on banks and commodities, regulator says Friday, Oct 04, 2013 10:57 AM PDT  By Douwe Miedema WASHINGTON (Reuters) - Congress should limit Wall Street's controversial role in commodity markets, and rewrite a law that gives banks broad leeway to own oil, metals and other raw materials, a senior U.S. regulator said on Friday. The Federal Reserve, the top U.S. bank watchdog, is rethinking its policy of allowing banks to operate in commodity markets amid accusations they inflate the prices of items such as aluminum and electricity. ... Full Story | Top |
| Factbox: German coalition watch: Merkel talks with SPD and Greens Friday, Oct 04, 2013 09:43 AM PDT Chancellor Angela Merkel led her conservatives to their best result in over two decades in a German election on September 22 but needs to find a coalition partner to secure a third term. She held first preliminary talks with the Social Democrats (SPD) on Friday and the two sides agreed to a second round of talks on October 14. First she and conservative leaders will meet the Greens on Thursday to assess whether there is enough common ground to enter formal coalition negotiations with either party. ... Full Story | Top |
| Discovery Labs shares soar after respiratory drug clears final hurdle Friday, Oct 04, 2013 09:37 AM PDT (Reuters) - A new drug to treat a breathing disorder that is the leading cause of death of premature babies cleared a regulatory hurdle, allowing Discovery Laboratories Inc to release it in the United States before the end of the year. Discovery, whose shares rose 55 percent on Friday, is entitled to about $20 million in loans from Deerfield Management Co LP if it launches the drug, Surfaxin, this year. The drug was approved by the U.S. ... Full Story | Top |
| FDA approves Baxter's intravenous nutritional supplement Friday, Oct 04, 2013 09:12 AM PDT (Reuters) - The U.S. Food and Drug Administration said on Friday it has approved Baxter International Inc's nutritional supplement Clinolipid, moving quickly to alleviate a drug shortage. Clinolipid is an injectable source of calories and essential fatty acids designed for adults who cannot eat or drink. It contains a mixture of refined olive and soybean oils. "The FDA has been very concerned about the short supply of injectable lipid emulsion products," said Dr. Donna Griebel, director of the agency's gastroenterology division. ... Full Story | Top |
| Azerbaijan's leader set to keep power but problems loom Friday, Oct 04, 2013 08:08 AM PDT  By Margarita Antidze BAKU (Reuters) - Luxury cars cruise down "Oilman Avenue" past five-star hotels and exclusive boutiques in the capital of Azerbaijan, where President Ilham Aliyev looks sure to be re-elected on Wednesday. While residents of cramped apartments in drab Soviet-era blocks on the outskirts of Baku, may feel excluded from the oil boom that has transformed smarter parts of town, opponents of Aliyev, 51, say controls on dissent mean they have little chance of stopping him winning a third five-year term. ... Full Story | Top |
| Germany's Merck sees long-term growth in cancer drug Erbitux Friday, Oct 04, 2013 07:27 AM PDT DARMSTADT, Germany (Reuters) - German healthcare company Merck KGaA expects to get a long-term boost from study results in June that showed its main cancer drug Erbitux has an edge over rival product Avastin. Erbitux, which accounted for roughly 8 percent of Merck's 10.7 billion euros ($14.6 billion) in sales last year, in June was shown to be more effective at prolonging the lives of colorectal cancer patients than Roche's Avastin. Only patients whose tumors contain the non-mutated version of a gene called KRAS took part in the trial. ... Full Story | Top |
| Oil companies wonder if North Africa is really worth it Friday, Oct 04, 2013 05:59 AM PDT  By Lin Noueihed LONDON (Reuters) - Two years of turmoil since the Arab Spring and some of the toughest terms in the business have led international oil companies to reassess their role in North Africa, with U.S. firms looking keenest to leave. Libya and Algeria are among Africa's top four oil producers. Together with Egypt, they are major suppliers of gas to Europe and their budgets depend heavily on energy revenues. ... Full Story | Top |
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