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| Eni cuts full-year output guidance on Libya, Nigeria Wednesday, Oct 30, 2013 12:39 AM PDT  MILAN (Reuters) - Italian oil and gas group Eni cut its production outlook for the year on Wednesday because of problems in Libya and Nigeria. In a statement, state-controlled Eni said major start-ups in Kazakhstan, Algeria and Angola would not be enough to offset the impact of factors in the two African countries. Eni, the largest foreign major in Libya and Africa, had previously guided investors to expect production in 2013 to be in line with the previous year. Chief Executive Paolo Scaroni also said the group would launch a share buyback programme worth up to 6 billion euros in coming ... Full Story | Top |
| Japan Fukushima panel proposals include Tepco breakup: source Tuesday, Oct 29, 2013 10:45 PM PDT  TOKYO (Reuters) - A Japanese ruling party panel will recommend proposals for handling the crippled Fukushima nuclear plant that include breaking up the facility's operator, Tokyo Electric Power Co, a person familiar with the process said on Wednesday. The task force of Prime Minister Shinzo Abe's Liberal Democratic Party favors reorganizing Tokyo Electric, known as Tepco, by creating a unit within the company to handle the key functions of decommissioning the reactors and cleaning up massive amounts of toxic water, the source told Reuters. ... Full Story | Top |
| A year after Sandy, many still rebuilding damaged homes Tuesday, Oct 29, 2013 06:08 PM PDT  By Victoria Cavaliere and Dave Warner NEW YORK/SEASIDE PARK, New Jersey (Reuters) - Victims of Superstorm Sandy returned the waterfront where their neighbors and loved ones were killed a year ago Tuesday, honoring the dead while many are still struggling to rebuild their damaged homes. The former Hurricane Sandy made landfall on the U.S. East Coast on the night of October 29, 2012, killing 158 people in the United States as surging seawater inundated low-lying areas, mostly in New York, New Jersey and Connecticut. ... Full Story | Top |
| China's anti-pollution drive risks running out of gas Tuesday, Oct 29, 2013 05:39 PM PDT  By Adam Rose and David Stanway BEIJING (Reuters) - A chronic shortage of natural gas is hurting China's plan to move away from burning coal to heat homes and offices, raising the prospect of more choking air pollution this winter and beyond. The problem is worst in northern China, where air pollution mainly caused by decades of reliance on coal has lowered life expectancy by an estimated 5.5 years compared to the south, Chinese and international researchers said in July. ... Full Story | Top |
| U.S. senators seek to cut Iran's oil sales in half - again Tuesday, Oct 29, 2013 05:09 PM PDT  By Timothy Gardner WASHINGTON (Reuters) - Fresh U.S. sanctions over Iran's disputed nuclear program being debated behind closed doors in the Senate aim to slash the country's oil sales in half within a year of the plan being signed into law, an influential senator said this week. Robert Menendez, the chairman of the Senate Foreign Relations Committee, told a meeting of the American Israel Public Affairs Committee (AIPAC) in New York on Monday that a package of sanctions ready to move in his chamber has a goal of cutting Iran's current oil exports to no more than 500,000 barrels per day. ... Full Story | Top |
| With tough market at home, China's heavy gear makers gain traction overseas Tuesday, Oct 29, 2013 04:55 PM PDT  By Fang Yan and Matthew Miller BEIJING (Reuters) - When Guangxi Liugong Machinery was bidding to sell wheel loaders to a Thai rice merchant a few years ago, company president Zeng Guangan knew he needed to customize his equipment to beat off Komatsu Ltd and other Japanese rivals. "Thailand has been using Japanese wheel loaders for years," explained Zeng. "The seating was getting higher and higher, but the vehicle's arm wasn't long enough." That works for loading dirt or concrete blocks, but was unwieldy for hauling rice. ... Full Story | Top |
| Food giants pour millions into defeating Washington GMO label measure Tuesday, Oct 29, 2013 04:52 PM PDT  By Eric M. Johnson and Carey Gillam SEATTLE/KANSAS CITY, Missouri (Reuters) - Major U.S. food and chemical companies are pouring millions of dollars into efforts to block approval of a ballot initiative in Washington state that would make it the first in the United States to require labeling of foods containing genetically modified crops. Despite early strong support for the measure, a recent poll suggests sentiment against the measure, known as I-522, is growing amid an onslaught of corporate-financed advertising ahead of the November 5 referendum. ... Full Story | Top |
| San Francisco joins sugary drinks fray with tax proposal Tuesday, Oct 29, 2013 04:16 PM PDT By Laila Kearney SAN FRANCISCO (Reuters) - San Francisco may become the latest U.S. city to try to curb the consumption of sugary drinks with a proposed ballot measure to impose a tax on beverages seen as a culprit in rising rates of childhood obesity and diabetes. Supervisor Scott Wiener on Tuesday formally proposed asking voters in November 2014 to impose a 2-cents-per-ounce tax on soda and other drinks with added sugar sold in the famously liberal northern California city. No other U.S. ... Full Story | Top |
| Goldman loses co-head of commodity trade Shenouda: memo Tuesday, Oct 29, 2013 04:08 PM PDT  NEW YORK (Reuters) - Goldman Sachs Group Inc global commodities trading co-head Magid Shenouda is leaving after 14 years at the bank, according to an internal memo seen by Reuters, the Wall Street firm's second senior-level departure in as many weeks. London-based Shenouda, who has run the commodities trading business for the past two years alongside New York-based Greg Agran, had been credited with helping build out Goldman's physical energy trading franchise, a unit of the bank under intense political and regulatory scrutiny in the United States. ... Full Story | Top |
| Pfizer third-quarter profit beats estimates, oncology drugs shine Tuesday, Oct 29, 2013 02:44 PM PDT  By Ransdell Pierson (Reuters) - Pfizer Inc reported better-than-expected third-quarter earnings on Tuesday, helped by cuts in costs and growing sales of cancer medicines approved over the past two years. The largest U.S. drugmaker, whose shares rose 1.7 percent, earned $2.59 billion, or 39 cents per share. That compared with $3.21 billion, or 43 cents per share, in last year's quarter. Excluding special charges of $572 million related to restructurings, asset writedowns and other costs, Pfizer earned 58 cents per share. ... Full Story | Top |
| Banks lead broad TSX gains ahead of Fed decision Tuesday, Oct 29, 2013 02:01 PM PDT  By Alastair Sharp TORONTO (Reuters) - Canada's main stock index ended higher on Tuesday, with gains in financial stocks and some resource issues offsetting a slip in gold miners, as economic data backed the view the U.S. Federal Reserve will leave its monetary stimulus intact. The Toronto Stock Exchange's S&P/TSX composite index has gained almost 6 percent in the past three weeks and is at its highest level in more than two years. That burst followed the resolution of the U.S. debt and budget crisis and a growing confidence among investors that the Fed will not trim its stimulus anytime soon. ... Full Story | Top |
| U.S. Dream Chaser space taxi soars on test flight, skids after landing Tuesday, Oct 29, 2013 01:51 PM PDT By Irene Klotz (Reuters) - A privately owned prototype space plane aced its debut test flight in California but was damaged after landing when a wheel did not drop down, developer Sierra Nevada Corp said on Tuesday. The Dream Chaser is one of three space taxis under development in partnership with NASA to fly astronauts to the International Space Station following the retirement of the space shuttles in 2011. ... Full Story | Top |
| Medtronic heart valve found to reduce death, stroke rate Tuesday, Oct 29, 2013 01:40 PM PDT By Susan Kelly (Reuters) - Medtronic Inc's CoreValve heart valve implant significantly lowered death and stroke rates in frail, elderly patients with severe aortic stenosis who were considered too ill for surgery, according to data from a late-stage clinical trial. Medtronic is preparing to launch the product in the United States, pending regulatory approval. It will compete with Edwards Lifesciences' Sapien heart valve, the only aortic valve replacement device currently on the U.S. market that can be implanted as an alternative to open-heart surgery. ... Full Story | Top |
| Goldman Sachs' co-head of commodities Shenouda to leave: memo Tuesday, Oct 29, 2013 01:03 PM PDT  NEW YORK (Reuters) - The co-head of Goldman Sachs' global commodities business, Magid Shenouda, is leaving the bank after 14 years, according to an internal memo seen by Reuters on Tuesday. London-based Shenouda, who has run the commodities business for the past two years alongside New York-based Greg Agran, joined the firm as an executive director in oil trading in 1999, and had run European oil as well as power and gas. ... Full Story | Top |
| Polio outbreak in Syria threatens whole region, WHO says Tuesday, Oct 29, 2013 12:51 PM PDT  By Stephanie Nebehay GENEVA (Reuters) - Polio has broken out among young children in northeast Syria after probably originating in Pakistan and poses a threat to millions of children across the Middle East, the World Health Organization (WHO) said on Tuesday. The crippling disease, which is caused by a virus transmitted via contaminated food and water, could spread especially fast in Syria, where civil war has led to falling vaccination rates. ... Full Story | Top |
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