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| U.S. top court bars patents on human genes unless synthetic Thursday, Jun 13, 2013 12:40 PM PDT  By Lawrence Hurley WASHINGTON (Reuters) - A unanimous U.S. Supreme Court on Thursday prohibited patents on naturally occurring human genes but allowed legal protections on synthetically produced genetic material in a compromise ruling hailed as a partial victory for patients and the biotechnology industry. The ruling by the nine justices, the first of its kind for the top U.S. court, buttressed important patent protections relied upon by biotechnology companies while making it clear that genes extracted from the human body cannot be patented. ... Full Story | Top |
| U.S., Arkansas sue Exxon over Pegasus pipeline spill Thursday, Jun 13, 2013 12:28 PM PDT  WASHINGTON (Reuters) - The Justice Department filed a joint lawsuit with Arkansas on Thursday against oil producer Exxon Mobil Corp over the pipeline spill in March of thousands of barrels of heavy Canadian crude oil in a suburban neighborhood. The 95,000 barrels per day Pegasus line has been shut since spilling the oil in Mayflower, Arkansas, where cleanup operations continue. U.S. oil pipelines rarely spill in towns. The Justice Department said it is seeking civil penalties against Exxon under federal law. ... Full Story | Top |
| Dow extends gains, rises 1 percent Thursday, Jun 13, 2013 12:19 PM PDT  NEW YORK (Reuters) - Stocks extended gains on Thursday, with the Dow Jones industrial average up 1 percent, after stronger-than-expected economic data helped ease concerns about the impending start of the winding down of stimulus from the Federal Reserve. The Dow Jones industrial average was up 156.88 points, or 1.05 percent, at 15,152.11. The Standard & Poor's 500 Index was up 20.25 points, or 1.26 percent, at 1,632.77. The Nasdaq Composite Index was up 39.20 points, or 1.15 percent, at 3,439.63. (Reporting by Ryan Vlastelica; Editing by Nick Zieminski) Full Story | Top |
| One dead, 73 injured in Louisiana plant explosion: governor Thursday, Jun 13, 2013 12:12 PM PDT  (Reuters) - The explosion and fire at the Williams Olefins chemical plant in Geismar, Louisiana, killed one person and injured 73 others, Louisiana Governor Bobby Jindal said on Thursday. Officials previously had reported one dead and 33 injured. Government monitors had yet to detect dangerous levels of emissions from the explosion and a fire burning the petrochemical propylene, but measurements would continue, Jindal told a news conference near the scene. (Reporting by Daniel Trotta; Editing by Sandra Maler) Full Story | Top |
| TSX jumps 1 percent as data reverses sentiment Thursday, Jun 13, 2013 12:08 PM PDT  TORONTO (Reuters) - Canada's main stock rose more than 1 percent on Thursday, led by financial stocks, as bullish U.S. economic data lifted market sentiment and spurred a jump in almost every major sector. In mid-afternoon trading, the Toronto Stock Exchange's S&P/TSX composite index was up 122.78 points, or 1.01 percent, at 12,232.67, after opening lower. (Reporting by John Tilak; Editing by James Dalgleish) Full Story | Top |
| Explosion at Louisiana chemical plant kills 1, injures 33 Thursday, Jun 13, 2013 11:30 AM PDT  By Jonathan Bachman GEISMAR, Louisiana (Reuters) - An explosion and fire killed at least one person and injured 33 at the Williams Olefins chemical plant in Geismar, Louisiana, on Thursday, leading authorities to order people within two miles to remain indoors. The blast created a huge fireball and column of smoke when it hit at 8:37 a.m. (0937 ET) at the plant along the Mississippi River just south of Baton Rouge and about 60 miles up river from New Orleans. About 600 people were working at the plant at the time, and the fire was still burning more than three hours later, state police said. ... Full Story | Top |
| Kinder Morgan shuts Trans Mountain oil line after small spill Thursday, Jun 13, 2013 11:14 AM PDT CALGARY, Alberta (Reuters) - Kinder Morgan Energy Partners LP has shut its 307,000-barrel-per-day Trans Mountain crude oil pipeline after a spill of about 12 barrels of oil was detected near Kingsvale, British Columbia, the company said on Thursday. Repairs were underway the line, which runs west across the Canadian Rockies from Edmonton, Alberta, to the Vancouver area and Puget Sound, but the company did not have details on when flows will resume. Kinder Morgan spokesman Andrew Galarnyk said the company will need approval from Canada's National Energy Board before the line can restart. ... Full Story | Top |
| One dead, over 30 injured in Louisiana chemical blast: police Thursday, Jun 13, 2013 11:12 AM PDT  (Reuters) - At least one person died and more than 30 were injured on Thursday in an explosion and fire at the Williams Olefins chemical plant in Geismar, Louisiana, state police said. A body was recovered at the explosion scene and a search continued for more possible victims, Louisiana State Police Captain Doug Cain said. (Reporting by Karen Brooks; Editing by Daniel Trotta and Sandra Maler) Full Story | Top |
| Injury toll in Louisiana chemical plant blast put at 33 Thursday, Jun 13, 2013 10:12 AM PDT (Reuters) - The explosion and fire at a Louisiana chemical plant on Thursday injured 33 people, said Jean Kelly, a spokeswoman for the Louisiana Department of Environmental Quality. Thirty were taken from the Williams Olefins chemical plant in Geismar, Louisiana, by ambulance and three by helicopter, Kelly said. (Reporting by Francesca Trianni; Editing by Daniel Trotta and Sandra Maler) Full Story | Top |
| Marathon Oil taps Exxon Mobil executive as next CEO Thursday, Jun 13, 2013 08:51 AM PDT  (Reuters) - Marathon Oil Corp has tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year. Lee Tillman, Exxon Mobil's vice president of engineering, will take the top post at the energy exploration company in January 2014, Marathon Oil said on Thursday. Tillman's experience in some of the world's most complex energy fields, including Norway, Scotland and Indonesia, will help Marathon Oil as it works to expand its operations in Canada's oil sands, America's shale fields, and in Iraq and Angola. ... Full Story | Top |
| Insight: The big money bails on Argentina - again Thursday, Jun 13, 2013 07:22 AM PDT  By Brian Winter BUENOS AIRES (Reuters) - More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again. From big Chinese and Brazilian companies like miner Vale SA, to small-business owners and savers, the fear of a new crisis has led to canceled investments and suitcases of cash leaving the country. The mass exodus, which has been limited only by leftist President Cristina Fernandez's capital controls, is threatening to undermine Latin America's No. 3 economy even further by leaving it short of hard currency and new jobs. ... Full Story | Top |
| Jellyfish sting ends Australian woman's record swim from Cuba to U.S. Thursday, Jun 13, 2013 06:25 AM PDT  By Jeff Franks HAVANA (Reuters) - Australian long-distance swimmer Chloe McCardel abandoned her quest to become the first person to make the 103 mile swim from Cuba to Florida without a shark cage, after she was severely stung by a jelly fish on Wednesday night. McCardel, 28, gave up the attempt after 11 hours in the water due to a "severe debilitating jelly fish sting," her support team said in a statement. "Chloe is now on one of the support vessels heading to Key West. She will spend the next 24 hours recuperating before deciding on her plans going forward," the statement said. ... Full Story | Top |
| Marathon Oil CEO to retire December 31, be replaced by Exxon executive Thursday, Jun 13, 2013 06:25 AM PDT  (Reuters) - Marathon Oil Corp said on Thursday that Chairman and Chief Executive Clarence Cazalot will retire December 31 and be replaced by a senior Exxon Mobil Corp executive. Lee Tillman, 51, currently vice president of engineering for Exxon Mobil's development unit, will become Marathon Oil's CEO in 2014, the company said in a statement. Dennis Reilley, Marathon Oil's current lead director, will be nominated to become non-executive chairman once Cazalot retires, the company said. (Reporting by Ernest Scheyder; Editing by Gerald E. McCormick) Full Story | Top |
| New diet craze offers five days of feasting for two days of famine Thursday, Jun 13, 2013 06:08 AM PDT  By Constance Watson LONDON (Reuters) - Forget abandoning carbohydrates or detoxing. The new dieting craze sweeping Britain and taking off in the United States lets people eat whatever they like - but only five days a week. "The Fast Diet", also known as the 5:2 diet, is the brainchild of TV medical journalist Michael Mosley and journalist Mimi Spencer and allows people to eat what they want for five days but only eat 600 calories a day on the other two. ... Full Story | Top |
| Royalty bid for Elan in trouble ahead of key meeting Thursday, Jun 13, 2013 06:07 AM PDT DUBLIN (Reuters) - U.S.-based Royalty Pharma said on Thursday that it did not appear to have the backing of Elan shareholders in a vote that is set to decide the fate of its hostile bid of up to $8 billion for the Irish drug firm. Citing a review it had undertaken of voters, Royalty said Elan shareholders were set to back one of four resolutions being voted on ahead of a meeting on Monday, a result that would make its bid for the company null and void. ... Full Story | Top |
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