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| Five killed in Oklahoma tornadoes, storms move northeast Saturday, Jun 01, 2013 12:20 AM PDT  By Heide Brandes OKLAHOMA CITY (Reuters) - Tornadoes killed five people in central Oklahoma including a mother and her baby and menaced Oklahoma City and its hard-hit suburb of Moore, before the storm system tracked northeast early on Saturday. The National Weather Service said the severe weather threat would shift into neighboring Illinois and Missouri, where Governor Jay Nixon declared a state of emergency on Friday. The tornadoes struck just 11 days after a twister ranked as EF5, the most powerful ranking possible, tore through Moore and killed 24 people. ... Full Story | Top |
| NYSE asks SEC to reinstate volatility curbs Friday, May 31, 2013 03:47 PM PDT  NEW YORK (Reuters) - NYSE Euronext asked U.S. regulators on Friday to allow it to reintroduce rules to curb excessive trading volatility after several New York Stock Exchange-listed securities recently experienced sharp unintended drops. NYSE had a system in place to slow trading when a stock's price moved rapidly over a short period of time, but had to cancel it when the U.S. Securities and Exchange Commission introduced market-wide rules for trading halts in April. ... Full Story | Top |
| Canada's CVTech says it rejected takeover bids in January, March Friday, May 31, 2013 03:30 PM PDT (Reuters) - CVTech Group Inc , which provides services to electric utilities, said it had received and rejected multiple takeover offers from a New York Stock Exchange-listed electrical contractor, after its second largest shareholder wrote to investors that the company was withholding that information. Guy Aubert, who resigned as CVTech's director on January 24, issued a letter to shareholders on Monday that detailed two previous takeover bids. The letter was made public on Thursday. CVTech's shares rose 20 percent to C$1.48 on Friday before trading was halted. ... Full Story | Top |
| More severe weather and tornadoes forecast for Oklahoma Friday, May 31, 2013 02:46 PM PDT  By Suzi Parker LITTLE ROCK, Arkansas (Reuters) - The National Weather Service issued a tornado watch for parts of Oklahoma on Friday, describing weather conditions as "particularly dangerous" a day after more than a dozen reported twisters ripped through the region. Forecasters said several intense tornadoes were likely, along with storms bringing up to 4-inch hail and damaging wind gusts that could reach 80 miles per hour. "An extremely unstable air mass has developed across much of Central (and) Eastern Oklahoma," the weather service said in an advisory. ... Full Story | Top |
| Wall Street drops in late slide, but ends May with gains Friday, May 31, 2013 02:19 PM PDT  By Chuck Mikolajczak NEW YORK (Reuters) - Stocks sold off in late trading to close sharply lower on Friday, with the S&P 500 posting consecutive weekly losses for the first time since November, as investors retreated after a seven-month run of gains. Traders attributed some of the selling to global index rebalancing and reallocation of investments to bonds from stocks, but a desire to protect profits also contributed to the exodus late in the session. ... Full Story | Top |
| Soft data, commodity prices take TSX to one-week low Friday, May 31, 2013 02:18 PM PDT  By Solarina Ho TORONTO (Reuters) - Canada's main stock index retreated sharply on Friday as lower commodity prices triggered a slump in shares of natural resource companies and weak economic data out of Europe and the United States dampened investor sentiment. While almost every major sector declined, the index still looked on track for a gain in May, reversing losses in the previous two months. South of the border, U.S. stocks ended down 1 percent on Friday, but all three index were positive for the month, with the S&P 500 rising 14. ... Full Story | Top |
| Noah's Ark theme park wants to show the Flood was "plausible" Friday, May 31, 2013 01:33 PM PDT  By Mary Wisniewski HEBRON, Kentucky (Reuters) - The Biblical account of Noah and his Ark poses a lot of questions, even for believers like the creators of the controversial Creation Museum in Kentucky. What is "gopher wood"? How did Noah fit all those animals on the boat? And how did he stand the smell? In an office park in Hebron, Kentucky, the designers of the proposed "Ark Encounter" theme park are trying to answer questions like these in order to build faith in the Bible's literal accuracy. ... Full Story | Top |
| Large asteroid, with small moon in tow, to fly by Earth Friday, May 31, 2013 01:12 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A large asteroid accompanied by its own small moon was approaching Earth on Friday, the latest in a string of celestial visitors drawing attention to the potential dangers of objects in space. Asteroid 1998 QE2 - which is not named for the United Kingdom's monarch - is about 1.7 miles in diameter, about nine times as long as the Queen Elizabeth II ocean liner. It is far bigger than the small asteroid that blasted through the skies over Chelyabinsk, Russia, on February 15, leaving more than 1,500 people injured by flying glass and debris. ... Full Story | Top |
| Iran presidential debate on economy dissolves into chaos Friday, May 31, 2013 12:49 PM PDT  By Yeganeh Torbati and Zahra Hosseinian DUBAI (Reuters) - Iran's first debate between candidates for the presidency degenerated into acrimony live on state television on Friday when, instead of discussing the economy, some of the hopefuls resorted to sniping over the questions and format. The testy exchange between the moderator and reformist Mohammad Reza Aref, moderate Hassan Rohani, and conservative Mohsen Rezaie was the subject of wide ridicule by Iranian viewers who had tuned in for the four-hour discussion. ... Full Story | Top |
| Sen. Wyden warns gene-altered wheat could become trade problem Friday, May 31, 2013 11:35 AM PDT WASHINGTON (Reuters) - The U.S. Agriculture Department must work with other agencies to ensure that the discovery of unapproved genetically engineered wheat in Oregon does not become an unfair barrier to trade, one of the state's U.S. Senators said on Friday. "The discovery of non-harvested, GE (genetically engineered) wheat should not be used by America's trading partners to erect spurious, protectionist trade barriers ... in the absence of scientific evidence indicating that Oregon exports contain this strain of wheat," Sen. Roy Wyden, a Democrat, wrote to USDA Secretary Tom Vilsack. ... Full Story | Top |
| Ten found dead after boat sinks at Chevron Nigeria facility Friday, May 31, 2013 07:36 AM PDT ABUJA (Reuters) - Ten bodies have been found during a rescue operation off the coast of Nigeria after a tugboat contracted by Chevron sank on Sunday in rough seas, the vessel's owner said on Friday. The Jascon-4 capsized early on Sunday at a mooring point around 30 km (20 miles) off oil-producing Delta state. Of 12 people who had been on board, one was rescued alive and another is still missing. "The search and rescue operation that has been under way since 26 May has had to be stopped for safety reasons," the ship's owner West African Ventures said in a statement. ... Full Story | Top |
| No rise in cancer seen from Japan's nuclear disaster: U.N. Friday, May 31, 2013 07:35 AM PDT  By Fredrik Dahl VIENNA (Reuters) - The evacuation of tens of thousands of people helped prevent rising cancer rates and other health problems after Japan's Fukushima nuclear disaster, the world's worst in 25 years, U.N. scientists said on Friday. Radiation exposure following the reactor meltdowns more than two years ago did not cause any immediate health effects, the United Nations Scientific Committee on the Effects of Atomic Radiation (UNSCEAR) said after its annual meeting. ... Full Story | Top |
| Argentina's YPF to sue Repsol chief for over-payments: source Friday, May 31, 2013 07:23 AM PDT  BUENOS AIRES (Reuters) - Argentina's state-controlled energy company YPF will sue the head of Repsol on grounds that he overpaid YPF's board of directors when the Spanish oil major owned YPF in 2009-2011, a source familiar with the situation told Reuters. At a shareholders meeting that ended in the early morning hours on Friday, YPF decided to sue Repsol Chairman Antonio Brufau for allegedly overpaying YPF's board of directors in 2009, 2010 and 2011. ... Full Story | Top |
| Banks in the dark over $15 billion of promised Rosneft M&A business Friday, May 31, 2013 05:24 AM PDT  By Sophie Sassard and Melissa Akin LONDON/MOSCOW (Reuters) - Banks that helped Russian oil company Rosneft finance its $55 billion buyout of rival TNK-BP have been left waiting for their payback - a share in $15 billion in asset sales expected to follow the deal, sources familiar with matter said. State oil company Rosneft's takeover of TNK-BP this year aimed to create a major oil group producing more oil than Exxon Mobil , but it also tightened the Russian government's grip on the country's energy sector. ... Full Story | Top |
| Power regulator's JPMorgan case could be on summer simmer Friday, May 31, 2013 04:09 AM PDT By Patrick Rucker and Scott DiSavino WASHINGTON/NEW YORK (Reuters) - Even before the chief U.S. power market regulator announced his resignation this week, the agency pursuing a contested probe against JPMorgan Chase & Co for alleged market manipulation had good reason to take its time building the case. The bank, already embroiled in a public legal battle with the Federal Energy Regulatory Commission (FERC) over disclosing certain emails, alerted investors earlier this month that it expected FERC to move against the bank for trading activities in electricity markets. ... Full Story | Top |
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