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| Explosions rock propane plant in central Florida, seven injured Tuesday, Jul 30, 2013 12:31 AM PDT By Barbara Liston ORLANDO, Florida (Reuters) - Dozens of explosions rocked a propane tank servicing plant in central Florida, northwest of Orlando, late on Monday, injuring seven workers, at least three critically, and prompting the evacuation of nearby homes, authorities said. No one outside the plant was hurt by the blasts, which began at about 10:30 p.m. local time at the Blue Rhino propane gas filling station in the town of Tavares, about 40 miles northwest of Orlando, said John Herrell, a Lake County sheriff's spokesman. ... Full Story | Top |
| EU'S Ashton holds two-hour talks with ousted Egypt leader Mursi Tuesday, Jul 30, 2013 12:17 AM PDT  DUBAI (Reuters) - European Union foreign policy chief Catherine Ashton met ousted Egyptian president Mohamed Mursi late on Monday and held two hours of "in depth" discussions, Ashton's spokesperson said. Spokesperson Maja Kocijancic said on her Twitter account that the meeting had taken place, but did not say where. Mursi has been in detention since he was ousted after the military-backed interim government placed the deposed Islamist under investigation on charges that include murder. ... Full Story | Top |
| BP's spill compensation payouts leap in second-quarter Monday, Jul 29, 2013 11:55 PM PDT  LONDON (Reuters) - BP Plc's $20 billion Gulf of Mexico oil spill compensation fund has almost run out after provision for costs so far leaped by $1.4 billion in the second quarter. The British oil company has just $300 million left in the fund, and the deadline to file a business economic loss claim among Gulf coast businesses - which make up the bulk of claims -is not until April next year. BP has said claims beyond what the fund can pay will be taken straight off future profits. ... Full Story | Top |
| Exclusive: Petronas delays $19 billion petrochemicals project to 2018 Monday, Jul 29, 2013 11:00 PM PDT  KUALA LUMPUR (Reuters) - State oil firm Petronas will start up a refinery within its $19 billion petrochemicals complex in Malaysia at end 2017, the company told Reuters on Tuesday, signaling a delay in the country's largest-ever infrastructure project. State-run Petronas said in a statement that the remaining plants within the Refinery and Petrochemical Integrated Development (RAPID) complex will be commissioned in 2018. Previously local media had cited Petronas CEO Shamsul Azhar Abbas as saying the start date for phase one of the RAPID project had been pushed back to early 2017. ... Full Story | Top |
| Egypt probes blast near Suez Canal, shipping unaffected: sources Monday, Jul 29, 2013 10:51 PM PDT ISMAILIA, Egypt (Reuters) - Egyptian security forces are investigating reports of an explosion near the Suez Canal on Tuesday, security officials said. An official in the Suez Canal Authority said shipping was operating as normal. Witnesses said they heard an explosion around dawn near a residential area about one kilometer from the canal. Three security officials speaking on condition of anonymity said they had received reports of a blast and were investigating its cause. There were no immediate reports of any deaths or injuries. (Reporting by Yousri Mohamed; Editing by John Stonestreet) Full Story | Top |
| U.S. says JPMorgan manipulated market; settlement seen Monday, Jul 29, 2013 06:59 PM PDT  WASHINGTON (Reuters) - The U.S. power regulator outlined its case of market manipulation against JPMorgan Chase & Co on Monday as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation. Reports of that probe have circulated for months and a deal with the regulator could put an end to a distraction for JPMorgan Chief Executive Jamie Dimon. The U.S. ... Full Story | Top |
| 'Comet of the Century' already may have fizzled out Monday, Jul 29, 2013 05:35 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Astronomers slated to meet this week to discuss observing plans for Comet ISON may not have much to talk about. The so-called "Comet of the Century" may already have fizzled out. "The future of comet ISON does not look bright," astronomer Ignacio Ferrin, with the University of Antioquia in Colombia, said in a statement on Monday. Ferrin's calculations show the comet, which is currently moving toward the sun at 16 miles per second, has not brightened since mid-January. ... Full Story | Top |
| Bombs kill 15 in Nigeria's Kano: police source Monday, Jul 29, 2013 04:08 PM PDT KANO, Nigeria (Reuters) - Multiple bomb blasts in Nigeria's biggest northern city of Kano killed 15 people on Monday, a senior policeman said, in an area previously targeted by militant Islamist group Boko Haram. Several witnesses said they saw dead bodies after hearing multiple blasts at around 9:30 p.m. (1630 EDT) in the Sabon Gari district, a predominantly Christian area dominated by ethnic Igbos from the southeast. "In all bomb attacks 15 were killed," the policeman in Kano told Reuters, asking not to be named. ... Full Story | Top |
| Jobs and education needed to win British over to fracking - survey Monday, Jul 29, 2013 04:02 PM PDT LONDON (Reuters) - Government incentives for affected communities must be followed up by education and job creation to convince a sceptical British public that fracking for shale oil and gas is right, according to a survey of industry professionals. Some 70 percent of almost 200 respondents to the survey by data provider Rigzone believe the British government was right to offer incentives to communities where hydraulic fracturing, known as fracking, and horizontal drilling will be used. But 51 per cent believed this will not be enough to win the public debate. ... Full Story | Top |
| U.S. panel backs lung cancer screening for high-risk groups Monday, Jul 29, 2013 03:15 PM PDT By Julie Steenhuysen CHICAGO (Reuters) - After decades of debate, an influential U.S. panel has endorsed the use of low-dose CT scans to detect lung cancer in high-risk individuals, paving the way for insurance coverage of the test for as many as 10 million smokers and former smokers. The draft guidelines issued on Monday by the U.S. Preventive Services Task Force call for annual CT screening of current and former smokers aged 55 to 80 with a history of smoking the equivalent of a pack a day for 30 years, or two packs a day for 15 years. ... Full Story | Top |
| Plains All American affiliate files for IPO of up to $1 billion Monday, Jul 29, 2013 03:11 PM PDT (Reuters) - Plains All American Pipeline LP affiliate Plains Gp Holdings LP filed with U.S. regulators to raise up to $1 billion in an initial public offering of Class A shares. The newly formed company will own limited partner interests in Plains AAP, which owns a 2 percent general partner stake in Plains All American Pipeline LP, a midstream company that transports, refines and sells liquid gas. The company, which listed Barclays as the underwriter to the IPO in its filing, did not reveal how many shares it planned to sell or their expected price. ... Full Story | Top |
| Wall St. declines as investors focus on Fed policy meeting Monday, Jul 29, 2013 02:26 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks fell on Monday, pulling back before this week's Federal Reserve meeting that could signal when the Fed is going to begin reducing its bond purchases aimed at helping the economic recovery. Losses were led by the energy and financial sectors, with both the S&P energy index and S&P financial index down 0.8 percent. Shares of Southwestern Energy slid 3 percent to $38.14 and shares of Noble Energy fell 2.1 percent to $62.07 following as a decline in natural gas prices. ... Full Story | Top |
| Insight: Heavenly iron ore prices bound for purgatory as China reforms Monday, Jul 29, 2013 02:05 PM PDT  By Manolo Serapio Jr SINGAPORE (Reuters) - From building scores of new towns to constructing state-of-the-art rail networks, China's demand for steel to feed its modern-day industrial revolution has driven a spectacular rally in the price of the raw material iron ore. The meteoric rise of iron ore in the past decade, a basic commodity with no added value once it is unearthed, is starkly revealed when compared with the high-end technology sector. In 2005, a shipload of iron ore sailing to China was worth the equivalent of 2,200 flat screen televisions. ... Full Story | Top |
| Philadelphia natural gas blast injures eight, destroys three homes Monday, Jul 29, 2013 01:53 PM PDT By Daniel Kelley PHILADELPHIA (Reuters) - Eight people including three children were injured in Philadelphia on Monday when a natural gas explosion tore through a row house under renovation, causing the collapse of three houses and the evacuation of about 70 homes. Among those injured was a man who was hospitalized with severe burns and listed in critical condition and a child who had suffered minor injuries, the office of Philadelphia Michael Nutter said in a statement. ... Full Story | Top |
| Wolves help preserve berries for imperiled Yellowstone bears: study Monday, Jul 29, 2013 01:15 PM PDT  By Laura Zuckerman SALMON, Idaho (Reuters) - The return of wolves to Yellowstone National Park may be helping imperiled grizzly bears to survive by keeping elk herds on the move and preventing them from destroying berries that are a staple food for grizzlies, according to a new study. In the mid-1990s, the U.S. government released fewer than 100 wolves into the park and the wilderness near Salmon, Idaho, to restore an iconic Western animal that had been hunted, trapped and poisoned to near extinction in the Northern Rocky Mountains. ... Full Story | Top |
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