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Suncor first-quarter profit rises on oil prices, weak currency Monday, Apr 28, 2014 07:48 PM PDT | Top |
EnergySolutions sues NDA after losing $12 billion deal Monday, Apr 28, 2014 06:03 PM PDT EnergySolutions said it was taking Britain's Nuclear Decommissioning Authority (NDA) to court after losing out on a $12 billion (7.13 billion pounds) contract to decommission the country's oldest nuclear sites. EnergySolutions, the incumbent manager of 10 nuclear sites, told Reuters it had filed the lawsuit in a British High Court. The company had asked the NDA earlier this month to explain why it had awarded Texas-based Fluor and engineering company Babcock preferred bidder status for what is one of Britain's largest-ever government outsourcing contracts. An NDA spokeswoman said the competition process had been carried out in "a robust manner" in compliance with European Union guidelines, adding that the contract was set to deliver savings in excess of 1 billion pounds against EnergySolutions' previous plan. Full Story | Top |
U.S. sanctions Putin allies as Ukraine violence goes on Monday, Apr 28, 2014 04:49 PM PDT | Top |
U.S. lawmakers say latest Russia sanctions too mild, to seek more Monday, Apr 28, 2014 04:10 PM PDT | Top |
Pfizer move to join tax-driven deal-making raises red flags in U.S Monday, Apr 28, 2014 03:58 PM PDT | Top |
Fuel cell maker Ballard Power posts smaller-than-expected loss Monday, Apr 28, 2014 03:57 PM PDT (Reuters) - Canadian fuel cell maker Ballard Power Systems Inc posted a smaller-than-expected quarterly loss, helped by higher revenue from its engineering services and material handling businesses. Revenue from Ballard's engineering services business, which counts Volkswagen AG among its customers, rose nearly threefold in the first quarter ended March 31. Ballard said it expected to begin supplying fuel cell stacks to service Plug Power Inc's order with Wal-Mart Stores Inc in the second half of this year. Full Story | Top |
Actavis sues U.S. drug regulator over generic Celebrex Monday, Apr 28, 2014 03:40 PM PDT | Top |
Toyota withdrawal a bombshell, economic blow to California city Monday, Apr 28, 2014 03:32 PM PDT By Tim Reid TORRANCE, CA (Reuters) - Toyota Motor Corp's decision to move its North American sales headquarters from California to Texas was met by disbelief in Torrance, this Los Angeles exurb where the Japanese car manufacturer has run its U.S. operations since 1982. Torrance Mayor Frank Scotto, looking grim, said outside city hall on Monday that he had been blindsided by the move. A few feet away sat Pat Simpson, a Torrance resident for over 60 years, with her head in her hands. Scotto said his first inkling of Toyota's decision to move to Plano, Texas, came last Thursday, when he was told by Toyota to expect a phone call at 9.45 a.m. on Monday - just before the company was to make its decision official. Full Story | Top |
Libya says Jordan to handover jailed Islamist to get kidnapped ambassador Monday, Apr 28, 2014 03:28 PM PDT By Feras Bosalum TRIPOLI (Reuters) - Jordan has agreed to handover a Libyan Islamist to Tripoli to secure the release of its ambassador kidnapped in the North African country two weeks ago, Libya's state news agency LANA said on Monday. Jordan's ambassador to Libya, Fawaz al-Itan, was snatched by gunmen who demanded the release of Mohamed Dersi, a Libyan Islamist militant jailed for life in 2007 for plotting to blow up the main airport in Jordan. Sohar Banun, an undersecretary in Libya's justice ministry, said both countries had agreed that the ambassador would be released in exchange for Jordan reducing Dersi's sentence and allowing him to complete his jail term in Libya, LANA said. Full Story | Top |
Toyota move to Texas is latest blow to Southern California Monday, Apr 28, 2014 03:26 PM PDT | Top |
Colombian rebels torch convoy repairing Ecopetrol pipeline Monday, Apr 28, 2014 03:13 PM PDT By Luis Jaime Acosta BOGOTA (Reuters) - A Colombian rebel group stopped and set fire to 12 vehicles transporting contractors and equipment to repair a pipeline on behalf of state-owned oil company Ecopetrol, police officials said on Monday. No one was killed or injured in Sunday's attack by the National Liberation Army, or ELN, in a rural area in Norte de Santander province, near the border with Venezuela. The convoy was intercepted and torched as it headed to carry out repairs on the Cano Limon-Covenas pipeline that has been halted for the last month after several bomb attacks by the ELN and the FARC, another rebel group. Flow along the 780-km pipeline, with capacity to transport 210,000 barrels of crude from oil fields in northern Arauca province, has also been halted by a local indigenous community, which has refused to allow workers onto its land to do repairs. Full Story | Top |
New U.S. sanctions on Putin allies cause few ripples Monday, Apr 28, 2014 03:06 PM PDT By Steve Holland WASHINGTON (Reuters) - The United States imposed fresh sanctions on Russian firms and government officials on Monday, a move that financial markets largely shrugged off and U.S. Republican lawmakers dismissed as too little to deter Moscow from further action in Ukraine. The reaction underscored the dilemma facing President Barack Obama: how to use sanctions to punish Moscow for its intervention in Ukraine without hurting European countries and foreign companies with deep financial ties to Russia. Washington slapped sanctions on seven Russian government officials and 17 companies linked to President Vladimir Putin, in response to what the White House said was Moscow's failure to adhere to an April 17 agreement on ways to resolve the crisis. Full Story | Top |
S&P 500, Dow end up after late rebound; Apple, Pfizer lift Monday, Apr 28, 2014 02:31 PM PDT | Top |
Scientists find MERS virus antibodies that may lead to treatments Monday, Apr 28, 2014 01:56 PM PDT By Kate Kelland LONDON (Reuters) - Scientists have found natural human antibodies to the newly-emerging Middle East Respiratory Syndrome (MERS) virus and say their discovery marks a step towards developing treatments for the often fatal disease. MERS, a SARS-like viral disease first detected in 2012 that has caused outbreaks in the Middle East and sporadic cases around the world, has raised international alarm in recent weeks with a surge in infections and deaths in Saudi Arabia. Saudi officials confirmed 26 more MERS cases and 10 deaths at the weekend, bringing the toll in the kingdom alone to 339 confirmed cases, of which 102 have been fatal. There is currently no cure or vaccine for MERS - a severe respiratory disease which causes cough, fever, shortness of breath, and can lead to pneumonia and kidney failure. Full Story | Top |
France meets Alstom bidders with pledge to protect jobs Monday, Apr 28, 2014 01:54 PM PDT | Top |
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