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| Brent climbs to near $111 as tension over Syria rises Tuesday, Aug 27, 2013 12:35 AM PDT By Florence Tan SINGAPORE (Reuters) - Brent crude edged up to near $111 a barrel on Tuesday as rising tensions over a suspected chemical weapons attack in Syria raised the prospect of more military action in the Middle East. The United States and its allies have met in Jordan for what could be a council of war should they decide to punish Syrian President Bashar al-Assad, who has denied using chemical weapons and blamed rebels for staging such attacks. Brent crude for October was at $110.98, up 25 cents by 0646 GMT, after settling down 0.3 percent in the previous session. Brent hit $111. ... Full Story | Top |
| Tropical depression Fernand kills 13 in Mexico, dissipates Monday, Aug 26, 2013 11:56 PM PDT  MEXICO CITY (Reuters) - Torrential rains triggered by tropical depression Fernand killed 13 people in central Mexico on Monday before it dissipated, though the country's major oil installations were unaffected. Nine people were killed in the town of Yecuatla, three in the city of Tuxpan, and one in the town of Atzalan, all in Mexico's eastern Veracruz state, Governor Javier Duarte said. "All of (the deaths) were caused by landslides in the hills above their homes," Duarte said at a news conference. ... Full Story | Top |
| Bayer's Nexavar gets priority review as thyroid cancer drug Monday, Aug 26, 2013 11:52 PM PDT  FRANKFURT (Reuters) - Bayer's cancer drug Nexavar was given priority review status by U.S. healthcare regulators for the oral drug's use against a difficult-to-treat type of thyroid cancer, the company said on Tuesday. The U.S. Food and Drug Administration aims to complete the priority review within six months, rather than the standard review of about 10 months, Bayer said. ... Full Story | Top |
| Japan's newest rocket fails to lift off Monday, Aug 26, 2013 11:33 PM PDT By Elaine Lies TOKYO (Reuters) - Japan's first new rocket in 12 years failed to lift off on Tuesday, dealing a potential blow to hopes that Japan may be able to take a larger share of the growing, multi-billion dollar satellite launch industry. It was the second setback for the Epsilon rocket this month. An earlier launch was postponed because of a computer glitch. No word was immediately available on the cause of the problem on Tuesday or when the launch might be tried again. ... Full Story | Top |
| Actelion CFO to leave company from Sept 1 Monday, Aug 26, 2013 10:44 PM PDT ZURICH (Reuters) - Europe's largest biotech company Actelion said on Tuesday its chief financial officer Andrew Oakley would be leaving the company next week to focus on other opportunities. Oakley, who has been with the company since 2003, will be replaced by Andre Muller from September 1. Muller was previously at pharmaceutical and cosmetics group Pierre Fabre SA, acting as chief financial officer in his most recent role. Oakley, a UK and Australian citizen, had previously occupied a senior finance role at management consulting, technology services and outsourcing company Accenture. ... Full Story | Top |
| Insight: Arkansas lawsuits test fracking wastewater link to quakes Monday, Aug 26, 2013 10:41 PM PDT  By Mica Rosenberg GREENBRIER, Arkansas (Reuters) - Tony Davis, a 54-year-old construction worker in central Arkansas, said he welcomed the boom in natural gas drilling that brought jobs and new businesses to his hometown starting about a decade ago. But that was before the earth shook. In 2010 and 2011, the quiet farming town of Greenbrier, Arkansas, was rattled by a swarm of more than 1,000 minor earthquakes. The biggest, with a magnitude of 4.7, had its epicenter less than 1,500 feet from Davis's front porch. "This should not be happening in Greenbrier," Davis recalls thinking. ... Full Story | Top |
| China's antitrust probes not just aimed at foreign firms: official media Monday, Aug 26, 2013 08:44 PM PDT SHANGHAI (Reuters) - A series of antitrust investigations by Chinese regulators are part of efforts to toughen enforcement of a 2008 anti-monopoly law and are not just directed at foreign firms, the official China Daily reported on Tuesday. Some foreign executives in China have said recent high-profile probes into the milk powder and pharmaceutical sectors appeared to show foreign companies were being singled out. ... Full Story | Top |
| Onyx deal expected to give Amgen a big boost Monday, Aug 26, 2013 04:05 PM PDT By Susan Kelly (Reuters) - Investors reacted favorably on Monday to Amgen Inc's $10.4 billion purchase of Onyx Pharmaceuticals Inc, which gives the world's largest biotech company full rights to a blood cancer drug with multibillion-dollar sales potential. Amgen shares rose 9 percent in midday trade on news of the acquisition, the biggest biotech deal since Gilead Sciences Inc's $11 billion purchase of Pharmasset in 2012. The main prize in the acquisition is Onyx's blood cancer drug Kyprolis. ... Full Story | Top |
| Acura's abuse-deterrent pain drug fails mid-stage study goal Monday, Aug 26, 2013 03:23 PM PDT By Vrinda Manocha (Reuters) - Acura Pharmaceuticals Inc said a painkiller made with its abuse-deterrent technology did not show statistically significant results in reducing likability among abusers, sending its shares down as much as 34 percent in extended trading. The mid-stage study showed that Acura's tablet, being tested for potential abuse by snorting, had a slightly lower measure of liking when compared with the generic hydrocodone/acetaminophen tablet. ... Full Story | Top |
| U.S. data, Syria push TSX off three-month high Monday, Aug 26, 2013 02:29 PM PDT By John Tilak and Rod Nickel TORONTO (Reuters) - Canada's main stock index ended little changed on Monday after political tension in Syria and sluggish U.S. economic data weighed on sentiment, offsetting gains made by producers of gold and fertilizer on a jump in commodity prices. The Toronto market's benchmark index eased from the three-month high it hit earlier in the session after U.S. Secretary of State John Kerry said the Syrian government was trying to cover up evidence of a deadly chemical attack, signaling the United States was edging closer to a possible military response. ... Full Story | Top |
| Congo army battles M23 rebels near eastern city of Goma Monday, Aug 26, 2013 02:19 PM PDT By Kenny Katombe GOMA, Democratic Republic of Congo (Reuters) - A U.N. brigade tasked with neutralizing armed groups in Congo has assisted the country's army in clashes with eastern rebels on Monday, ending a brief lull in days of fighting that has killed and wounded dozens. The violence, the most serious in months, is the first major test for the newly deployed U.N. Intervention Brigade which has an unprecedented mandate to launch military operations against M23, one of the rebels at the heart of nearly two decades of conflict. A senior officer with the brigade told Reuters that U.N. ... Full Story | Top |
| Pennsylvania girl who sued for lung transplants to leave hospital Monday, Aug 26, 2013 02:09 PM PDT PHILADELPHIA (Reuters) - An 11-year-old Pennsylvania girl whose parents filed a lawsuit challenging national transplant policies so she could receive two lung transplants will be released from the hospital on Tuesday, a spokeswoman for her family said on Monday. The girl, Sarah Murnaghan, underwent an operation earlier this summer to receive the transplants in a case that set off a national debate about child access to organ donations. She had earlier been diagnosed with cystic fibrosis. A federal judge cleared the way for the operation in June after her parents sued to stop the U.S. ... Full Story | Top |
| New Jersey to build storm-resilient grid for its transit system Monday, Aug 26, 2013 01:10 PM PDT NEW YORK (Reuters) - The Department of Energy and the state of New Jersey announced plans on Monday to design a small electric grid that will serve the state's transit system and withstand the onslaught of storms like Superstorm Sandy. The micro grid will power the transit system's rail operations between Newark, Jersey City and Hoboken in New Jersey. It will be designed by the energy department's Sandia National Laboratories, which has worked on such grids for the U.S. military. The cost and start date of the project were not announced. ... Full Story | Top |
| Tropical depression Fernand kills 13 as it weakens over Mexico Monday, Aug 26, 2013 12:21 PM PDT  MEXICO CITY (Reuters) - Thirteen people were killed when torrential rains triggered deadly landslides as a weakening tropical depression Fernand moved northwest over central Mexico on Monday and away from the country's major oil installations. Nine people were killed in the town of Yecuatla, three in the city of Tuxpan, and one in the town of Atzalan, all in Mexico's eastern Veracruz state, Governor Javier Duarte said. "All of (the deaths) were caused by landslides in the hills above their homes," Duarte said at a press conference. ... Full Story | Top |
| Fukushima operator to seek foreign advice on toxic water Monday, Aug 26, 2013 11:14 AM PDT  By Antoni Slodkowski HIRONO, Japan (Reuters) - Tokyo Electric Power Co, the operator of the stricken Fukushima nuclear plant, said it would invite foreign decommissioning experts to advise it on how to deal with highly radioactive water leaking from the site, and Japan signaled it may dip into a $3.6 billion emergency reserve fund to help pay for the clean-up. ... Full Story | Top |
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