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| Canadian oil train was headed for Irving's Saint John refinery Sunday, Jul 07, 2013 12:15 PM PDT  CALGARY, Alberta (Reuters) - The crude oil train that derailed and exploded in Lac-Megantic, Quebec, on Saturday was destined for Irving Oil Ltd's refinery in Saint John, New Brunswick, the company confirmed. In a statement posted on its website on Sunday, Irving said the owners of the crude, who were not named, had confirmed the oil was being moved to the 300,000 barrel per day refinery, Canada's largest. Irving, privately owned, increased its use of less inexpensive inland crudes when the price of Brent crudes swelled above the price of North American oil. ... Full Story | Top |
| UnitedHealth Group stock to rise in Obamacare rollout: Barron's Sunday, Jul 07, 2013 12:02 PM PDT NEW YORK (Reuters) - The stock of U.S. insurer UnitedHealth Group could rise 40 percent over the next two years as Obamacare is fully rolled out, business weekly Barron's said in its July 8 edition. The company looks better positioned for the revamping of the U.S. healthcare system than competitors Aetna and Cigna because of its combination of high-growth businesses and increasing profit margins, Barron's said. ... Full Story | Top |
| America's Cup set to get under way with one-boat race Sunday, Jul 07, 2013 11:07 AM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - The 34th America's Cup sailing regatta was set to begin in San Francisco on Sunday with only one team competing in the first race as Italy's Luna Rossa Challenge sat out in protest of rule changes it says put it at a disadvantage. Emirates Team New Zealand is expected to compete in the race course alone in San Francisco Bay in order to formally win the first of several matches in the Louis Vuitton Cup. The winner of the Louis Vuitton Cup will challenge software tycoon Larry Ellison's Oracle Team USA for the America's Cup in September. ... Full Story | Top |
| Five die, 40 missing after Canadian freight train disaster Sunday, Jul 07, 2013 11:04 AM PDT  By Richard Valdmanis and Julie Gordon LAC-MEGANTIC, Quebec (Reuters) - At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil exploded and destroyed the center of a small Canadian town in a disaster that raises fresh questions about shipping oil by rail. The train had been hauling crude from North Dakota to eastern Canada, and was parked, without a driver, outside town when it began rolling downhill, gathering speed and derailing on a curve at 1 a.m. on Saturday. Each tanker carried 30,000 gallons (113,000 liters) of crude oil. ... Full Story | Top |
| Motor racing-Cameraman hit by loose wheel in pitlane Sunday, Jul 07, 2013 10:45 AM PDT * Webber's stray wheel causes havoc * Cameraman breaks bones and set for stay in hospital (Updates with cameraman's condition, fine) By Mark Meadows NUERBURGRING, Germany, July 7 (Reuters) - A television cameraman suffered a broken collarbone and two broken ribs after being struck by a wheel which came off Mark Webber's Red Bull during a pitstop in the early stages of the German Grand Prix on Sunday. ... Full Story | Top |
| 'Despicable' minions upset Depp's 'Lone Ranger' at box office Sunday, Jul 07, 2013 10:43 AM PDT  By Lisa Richwine and Chris Michaud LOS ANGELES/NEW YORK (Reuters) - The small yellow minions of "Despicable Me 2" upstaged Johnny Depp at the weekend movie box office. The animated "Despicable" sequel hauled in an impressive $82.5 million in the United States and Canada from Friday through Sunday, more than double the weak $29.4 million for Walt Disney Co's big-budget Western "The Lone Ranger," which stars Depp as the masked man's Native American partner Tonto. The two films began their box office battle on Tuesday night to grab moviegoers ahead of Thursday's U.S. Independence Day holiday. ... Full Story | Top |
| Chef Nigella Lawson's husband files for divorce over photo row -paper Sunday, Jul 07, 2013 10:06 AM PDT  LONDON (Reuters) - Multi-millionaire art collector Charles Saatchi said on Sunday he would divorce celebrity chef Nigella Lawson, citing his "disappointment" that she had not defended him after photographs of him grabbing her neck during a row caused a public outcry. Lawson, 53, is hugely popular in Britain for her television cooking shows, which she presents in her trademark flirtatious manner, and line of cookbooks. She is also widely known in the United States, Australia and other English-speaking countries. ... Full Story | Top |
| Spanish ruling party funded itself illegally, says ex-treasurer Sunday, Jul 07, 2013 09:33 AM PDT  MADRID (Reuters) - Spain's ruling People's Party funded itself illegally through kickbacks for at least 20 years, former treasurer Luis Barcenas told El Mundo newspaper in an interview published on Sunday. Barcenas, in jail without bail as the High Court continues a pre-trial investigation into profiteering charges against him, is the central figure in two major graft cases which have damaged the credibility of the PP. ... Full Story | Top |
| Vivendi mulls cash move on Activision: report Sunday, Jul 07, 2013 09:29 AM PDT  PARIS (Reuters) - Vivendi is exploring alternative moves to extract cash from its Activision Blizzard unit after failing to sell part of its 61-percent stake in the U.S. video games business, the Financial Times reported on its website on Sunday. One of the options Vivendi has explored during discussions with Activision includes a tender offer by the U.S. company for part of this holding funded by cash on its balance sheet or through a debt offering, the newspaper said citing people familiar with the talks. ... Full Story | Top |
| Canada police say five dead, about 40 missing after oil train blast Sunday, Jul 07, 2013 09:24 AM PDT  LAC-MEGANTIC, Quebec (Reuters) - The death toll from the explosion of a runaway freight train in a small Quebec town rose to five on Sunday and another 40 people are missing, police said on Sunday. The driverless train derailed and blew up early Saturday in Lac-Megantic, destroying dozens of buildings in the center of the town. "Two more people have been recovered, two more bodies, which brings the total to five ... there are about 40 people, more or less, who are considered to be missing," police spokesman Michel Brunet told reporters. "There could be more, there could be less. ... Full Story | Top |
| Motor racing-Vettel finally wins at home and in July Sunday, Jul 07, 2013 09:00 AM PDT * German edges out Raikkonen in tight finish * Stray Webber wheel hits cameraman * Bianchi car catches fire By Mark Meadows NUERBURGRING, Germany, July 7 (Reuters) - World champion Sebastian Vettel was pushed all the way but finally tasted Formula One victory on home soil on Sunday in a German Grand Prix that sent him 34 points clear of Ferrari's Fernando Alonso. Championship rival Kimi Raikkonen was second for Lotus, only a second adrift, after a late tyre change left him hunting down the Red Bull in a thrilling final few laps while team mate Romain Grosjean was third. ... Full Story | Top |
| German air force bill for Eurofighters escalates: report Sunday, Jul 07, 2013 08:40 AM PDT  BERLIN (Reuters) - The German air force's bill for an order of 180 Eurofighter jets is rising beyond the planned 14.7 billion euros, said a German magazine on Sunday. Der Spiegel said the Luftwaffe now expected to have paid 14.5 billion euros by the end of this year for only 108 of the fighters and will pay 16.8 billion euros by 208 for 143 jets - paying more money for less fighters. "It is correct that the cost of the Eurofighters is rising," said a ministry spokesman, but he declined to give details. ... Full Story | Top |
| Insight - Africa makes the grade for richest U.S. university investors Sunday, Jul 07, 2013 08:08 AM PDT  By Tosin Sulaiman JOHANNESBURG (Reuters) - America's wealthiest universities are venturing into Africa's fast-growing frontier markets in search of outsized investment returns that will allow them to offer scholarships, lure star professors and fund research. For Sub-Saharan Africa, recognition from these deep-pocketed U.S. institutions, who have often earned envy among fellow global investors for their strong returns, marks a significant shift. ... Full Story | Top |
| Temasek has not approached UK over Lloyds stake - sources Sunday, Jul 07, 2013 07:14 AM PDT  LONDON (Reuters) - Singapore state investor Temasek has not approached the British government about buying a 4.5 billion pound ($6.70 billion) stake in part-nationalised Lloyds Banking Group, industry sources told Reuters on Sunday. The Sunday Times had reported that Singapore's sovereign wealth fund made a preliminary approach to the British government about buying part of its 39 percent holding in Lloyds. A spokesman for Temasek said the company did not comment on market speculation. ... Full Story | Top |
| Canada train blast death toll now three, will rise: police Sunday, Jul 07, 2013 07:14 AM PDT  LAC-MEGANTIC, Quebec (Reuters) - Canadian police on Sunday raised the death toll from a runaway freight train explosion in the small Quebec town of Lac-Megantic to three and said they expected to find more bodies. The driverless train derailed and exploded in the early hours of Saturday, destroying dozens of buildings in the center of the town. Police said late on Saturday they had discovered the remains of one victim. "Three bodies have been found," police spokesman Michel Brunet told reporters. "People have been reported missing or disappeared but ... we are not going to issue a figure. ... Full Story | Top |
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