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| Wood Group sees Canadian oil uncertainty continuing Friday, Oct 04, 2013 12:20 AM PDT LONDON (Reuters) - British energy services firm Wood Group said on Friday a slowdown in Canada would weigh on results into next year, but confirmed it expects core profit at its engineering division to grow 10 to 15 percent in 2013, in line with a revised target. Wood Group brought down its 2013 core profit, or earnings before interest, tax and amortization (EBITA), guidance for engineering in August, to 10-15 percent from 15 percent, on the back of weakness in Canada's tar sands market, which the company also said would make 2014 a challenging year. ... Full Story | Top |
| Exclusive: Drug firm Ikaria on the block for more than $2 billion - sources Friday, Oct 04, 2013 12:02 AM PDT By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - Ikaria Inc, a private equity and venture capital-backed company whose products are focused on critically ill patients, is exploring a sale that it hopes could value it at more than $2 billion, three people familiar with the matter said this week. Ikaria, whose owners include New Mountain Capital LLC, ARCH Venture Partners LP and Venrock Associates LP, is working with Morgan Stanley and Credit Suisse Group AG on the possible sale, two of the people said. The sources requested anonymity because the sale process is confidential. ... Full Story | Top |
| Venezuela's Maduro stuck in shadow of 'El Comandante' Chavez Thursday, Oct 03, 2013 10:10 PM PDT  By Andrew Cawthorne CIUDAD CARIBIA, Venezuela (Reuters) - Hovering over a sun-baked mountain one day in his presidential helicopter, Hugo Chavez had a dream: to build a utopian city that would showcase socialism in Venezuela. Slowly and chaotically over the years that followed, the late president's pet project - conceived a decade into his rule and named "Ciudad Caribia" for the country's indigenous Carib people - began to take shape on the mountain 10 km (6 miles) northwest of the capital, Caracas. "This was his dream. ... Full Story | Top |
| Factbox: The political life of Venezuela's President Nicolas Maduro Thursday, Oct 03, 2013 10:10 PM PDT By Andrew Cawthorne CARACAS (Reuters) - Venezuelan President Nicolas Maduro is struggling to emerge from the shadow of his flamboyant predecessor Hugo Chavez at the helm of the South American OPEC nation. Here are some facts about Maduro: The burly, mustachioed Maduro, 50, is a former union leader and Caracas bus driver. He does not have a university degree and proudly calls himself Venezuela's first "worker president." Maduro entered politics in 1998 when he won a seat in parliament. His combative defense of Chavez's policies made him one of the socialist leader's proteges. ... Full Story | Top |
| Tropical Storm Karen heads toward U.S. Gulf Coast Thursday, Oct 03, 2013 09:17 PM PDT  By Jane Sutton MIAMI (Reuters) - The first cyclone to threaten the U.S. coast this year moved across the Gulf of Mexico on Thursday and was forecast to sweep through offshore oil installations before hitting the mainland between Louisiana and the Florida Panhandle, the U.S. National Hurricane Center said. Some energy companies in the Gulf started shutting down production and evacuating workers from offshore platforms as Tropical Storm Karen approached a region that produces nearly a fifth of daily U.S. oil output. Three days after much of the U.S. ... Full Story | Top |
| Tropical Storm Karen takes aim at U.S. Gulf Coast Thursday, Oct 03, 2013 03:45 PM PDT By Jane Sutton MIAMI (Reuters) - The first cyclone to threaten the U.S. coast this year formed over the Gulf of Mexico on Thursday and was forecast to sweep through offshore oil installations before hitting the mainland between Louisiana and the Florida Panhandle, the U.S. National Hurricane Center said. Some oil industry workers in the Gulf were evacuated from offshore platforms as Tropical Storm Karen approached a region that produces nearly a fifth of daily U.S. oil output. Three days after much of the U.S. ... Full Story | Top |
| U.S. hints Iran could get some sanctions relief if takes steps Thursday, Oct 03, 2013 03:00 PM PDT  By Arshad Mohammed and Timothy Gardner WASHINGTON (Reuters) - WASHINGTON, Oct 3 (Reuters) - The United States held out the possibility on Thursday of giving Iran some short-term sanctions relief in return for concrete steps to slow uranium enrichment and shed light on its nuclear program. Under Secretary of State Wendy Sherman, the lead U.S. ... Full Story | Top |
| TSX drops to near three-week low as U.S. government stays shut Thursday, Oct 03, 2013 01:57 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index dropped on Thursday to its lowest in nearly three weeks as negative sentiment caused by the extended U.S. government shutdown helped offset upbeat economic data from China. Every major sector on the index was trading in the red, taking the Toronto market into negative territory for a second straight session. Investors also cast an eye on BlackBerry , which is the focus of a $4.7 billion bid from a consortium led by Fairfax Financial . Shares of the smartphone maker shed 3.6 percent. ... Full Story | Top |
| Wall Street ends lower as shutdown continues for third day Thursday, Oct 03, 2013 01:56 PM PDT  By Angela Moon NEW YORK (Reuters) - U.S. stocks dropped on Thursday as investors worried that a budget stalemate in Congress would become entangled with much more critical legislation to raise the federal borrowing limit. The standoff between congressional Democrats and Republicans to pass an emergency funding bill, which has led to a third day of a partial U.S. government shutdown, continued with little sign of progress toward a solution. ... Full Story | Top |
| NBC reality TV show to send winner to space with Virgin Galactic Thursday, Oct 03, 2013 01:45 PM PDT  By Irene Klotz HOUSTON (Reuters) - After a decade of casting around for a space-themed show, reality TV producer Mark Burnett has finally found a way to launch his dream. On Thursday, Burnett, creator of "Survivor" and "The Voice" unveiled a partnership with Virgin Galactic, a U.S. offshoot of Richard Branson's London-based Virgin Group, for a TV series that will send someone to space. ... Full Story | Top |
| Telecom Italia picks Patuano as CEO after strategy clash Thursday, Oct 03, 2013 01:02 PM PDT By Danilo Masoni and Stefano Rebaudo MILAN (Reuters) - Telecom Italia said on Thursday it had picked insider Marco Patuano as chief executive after long-standing executive chairman Franco Bernabe resigned in a strategy clash with core shareholders, paving the way for possible asset sales. Patuano, who started his career in Telecom Italia after graduating at Milan's elite Bocconi university in 1990, is expected to draw up a new business plan that could include divestments at the debt-laden former monopoly phone company. ... Full Story | Top |
| U.S. FDA approves Pfizer drug for menopause symptoms Thursday, Oct 03, 2013 11:46 AM PDT  (Reuters) - U.S. health regulators approved Pfizer Inc's menopause drug Duavee, which the company hopes will reduce hot flashes with fewer side effects than older hormone-replacement therapies. The Food and Drug Administration said on Thursday it approved the drug to treat women with moderate to severe menopause symptoms and to prevent post-menopausal osteoporosis, a bone disease which can increase the risk of fractures. ... Full Story | Top |
| Tropical Storm Karen headed for U.S. Gulf Coast Thursday, Oct 03, 2013 11:41 AM PDT By Jane Sutton MIAMI (Reuters) - Tropical Storm Karen formed in the southeastern Gulf of Mexico on Thursday and was forecast to sweep through U.S. oil installations before hitting the Gulf Coast between Louisiana and the Florida Panhandle, the National Hurricane Center said. Energy companies in the Gulf started shutting in production on Thursday and were evacuating some workers from offshore platforms as Karen approached a region that produces nearly a fifth of daily U.S. oil output. Three days after much of the U.S. ... Full Story | Top |
| Ukraine moves closer to second shale gas deal Thursday, Oct 03, 2013 10:55 AM PDT  KIEV (Reuters) - A second regional council in Ukraine on Thursday approved a government draft for a $10 billion shale gas production-sharing agreement with U.S. energy major Chevron , clearing the way for it to be signed. Deputies in Lviv region voted by 66-to-3 in favor of the draft, which calls for shale exploration in the Olesska field in the west of the country. A council in the neighboring Ivano-Frankivsk region, whose approval was also necessary, backed the deal last month. ... Full Story | Top |
| Top London banker's effort to clear name nears end Thursday, Oct 03, 2013 10:28 AM PDT  By Clara Ferreira-Marques and Clare Hutchison LONDON (Reuters) - The battle by one of London's top bankers to overturn a market abuse fine neared the end on Thursday, with his lawyers saying his aims were perfectly proper as they wrapped up a case that has highlighted banks' working practices and tested Britain's new financial regulator. Ian Hannam has been a high-profile name in London financial circles for more than a decade. Once a so-called rainmaker at investment bank JPMorgan , he brought in clients, money and respect thanks to his bulging contact book. ... Full Story | Top |
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