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| U.S. Northeast has enough power for second day of heat wave Tuesday, Jul 16, 2013 11:43 AM PDT  By Scott DiSavino (Reuters) - Power companies and regional grid operators in the U.S. Northeast said they have enough electricity to keep air conditioners humming on the second day of a brutal heat wave. So far, the utilities and grid operators have not had to take any major steps to keep the lights on. They asked consumers to conserve power, deferred non-essential equipment maintenance and activated demand response programs to reduce energy usage in some areas. ... Full Story | Top |
| NASA aborts spacewalk after leak into astronaut's helmet Tuesday, Jul 16, 2013 11:22 AM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A spacewalk to work on the International Space Station ended abruptly on Tuesday when a water-like liquid started building up inside an Italian astronaut's helmet, NASA officials said. U.S. astronaut Chris Cassidy and Italy's Luca Parmitano were less than an hour into a planned six-hour outing when Parmitano reported what seemed to be water inside his helmet. "My head is really wet and I have a feeling it's increasing," Parmitano radioed to flight controllers in Houston. ... Full Story | Top |
| First glimpse at Canada disaster site shows scale of devastation Tuesday, Jul 16, 2013 12:39 PM PDT  By Phil Wahba LAC-MEGANTIC, Quebec (Reuters) - Street lights melted and heavy rail lines buckled into a 5-foot arch after the explosion of a runaway train in the little Quebec town of Lac-Megantic, where police on Tuesday gave outsiders a first, closely monitored look at the edges of the devastation. "Go in, listen, be silent and understand, and explain to the world what happened here," Quebec police Lieutenant Michel Brunet told a small group of journalists who have been reporting on the disaster, which killed 50 people and destroyed the center of this lakeside town near the Maine border. ... Full Story | Top |
| Analysis: Higher interest rates? Not a problem for some U.S. stocks Tuesday, Jul 16, 2013 11:19 AM PDT  By Rodrigo Campos and Alison Griswold NEW YORK (Reuters) - So much for higher interest rates taking a bite out of the stock market. Bond yields have risen sharply in the last two months, but the U.S. stock market has more than survived, with the S&P 500 and Dow industrials notching new all-time highs this week. Rates are likely not finished climbing, however, and equity investors need to be prepared. Expectations that the Federal Reserve will soon start to pare its $85 billion a month bond purchasing program boosted the U.S. 10-year Treasury yield as high as 2. ... Full Story | Top |
| Wall St. retreats on day after highs as Coca-Cola drags Tuesday, Jul 16, 2013 12:32 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks fell on Tuesday after disappointing sales from Coca-Cola and as investor caution took hold on the day before the Federal Reserve chairman's congressional testimony. The market's pullback came a day after both the Dow and the S&P 500 ended at record closing highs for the third consecutive session. Tuesday's decline put the S&P 500 on track to break an eight-day string of gains. Nine of the 10 S&P 500 industry sector indexes fell, with energy and material shares ranking among the day's worst performers. Marathon Petroleum dropped 4. ... Full Story | Top |
| New Pussy Riot video lambastes Putin, Russian energy industry Tuesday, Jul 16, 2013 10:07 AM PDT  By Gabriela Baczynska MOSCOW (Reuters) - Four members of Pussy Riot danced on an oil pipeline in garish masks, tights and short dresses in a new video released on Tuesday, comparing President Vladimir Putin to an "ayatollah in Iran" and attacking his allies in Russia's rich energy sector. In their first performance in almost a year, posted on Youtube at http://youtu.be/qOM_3QH3bBw, the feminist punk protest collective also accused Putin of being homophobic after passage of what is widely seen as anti-gay legislation. ... Full Story | Top |
| World powers hope to resume Iran talks quickly Tuesday, Jul 16, 2013 09:38 AM PDT  By Justyna Pawlak BRUSSELS (Reuters) - World powers expressed hope on Tuesday of resuming negotiations with Iran over its disputed nuclear program "as soon as possible" but gave no indication of a possible date for any new talks. Senior diplomats from the six countries negotiating with Tehran - the United States, Russia, China, France, Britain and Germany - met in Brussels to map out plans for diplomacy following the June 14 presidential election in Iran. ... Full Story | Top |
| Canadian crash train engineer is witness, not suspect: lawyer Tuesday, Jul 16, 2013 09:28 AM PDT  By Peter N Henderson (Reuters) - The engineer of the runaway train that exploded in a small Quebec town, killing 50 people, is a witness rather than a suspect in the investigation of the disaster, and is devastated by what happened, his lawyer told Reuters on Tuesday. Lawyer Thomas Walsh said the engineer, Tom Harding, has spent 10 hours talking to police, and three or four talking to investigators at the Transportation Safety Board of Canada, who are probing the causes of the July 6 calamity in the town of Lac-Megantic, North America's deadliest rail accident in more than 20 years. ... Full Story | Top |
| Gazprom chief seeks supercharged iPad-style tablet for $3.7 million Tuesday, Jul 16, 2013 09:18 AM PDT MOSCOW (Reuters) - Gazprom , the world's biggest gas producer, is offering to pay up to 119.7 million roubles ($3.7 million) for a bespoke tablet computer for its chief executive, Alexei Miller, documents posted on the Gazprom web site said. The tablet would be based on the iOS operating system and support 3G, GPRS and wi-fi transfer technologies, be able to download information in less than 15 seconds and protect commercial data, the documents showed. ... Full Story | Top |
| Johnson & Johnson results beat forecasts; Elan share sale helps Tuesday, Jul 16, 2013 06:41 AM PDT  By Ransdell Pierson (Reuters) - Johnson & Johnson on Tuesday reported higher-than-expected quarterly earnings on strong demand for its prescription drugs and medical devices, but a big gain from the sale of a stake in Irish drugmaker Elan Corp skewed the results. "It looks like it was a great quarter, when it was really only a good quarter," Edwards Jones analyst Judson Clark said. J&J posted a second-quarter gain of $213 million from the sale of Elan shares it acquired in 2009 as part of a deal to develop a treatment for Alzheimer's disease. ... Full Story | Top |
| Industrial output up more than expected in June Tuesday, Jul 16, 2013 06:19 AM PDT  WASHINGTON (Reuters) - Industrial production rose slightly more than expected in June as manufacturing output picked up speed, a welcome sign for an economy that appears to have slowed sharply in the second quarter. Output at the nation's factories, mines and utilities rose 0.3 percent last month after an unchanged reading in May, the Federal Reserve said on Tuesday. Economists polled by Reuters had expected a 0.2 percent increase in June. For the second quarter as a whole, industrial output rose 0.6 percent. Manufacturing output increased by 0. ... Full Story | Top |
| Banks check Chinese walls as Hannam appeal reveals cracks Tuesday, Jul 16, 2013 05:53 AM PDT By Kirstin Ridley LONDON (Reuters) - The name of the top London banker fighting to overturn a fine for market abuse is coming up in conversations between lawyers and their clients, who are asking: "Is this a Hannam?". Extra caution over potential conflicts of interest within corporate broking is what Britain's much criticized financial regulator hoped for when it imposed a 450,000 pound ($667,400)penalty on JPMorgan dealmaker Ian Hannam last year. ... Full Story | Top |
| Angolan oil exports dip to 1.67 mln bpd in Sept Tuesday, Jul 16, 2013 05:35 AM PDT GENEVA (Reuters) - Africa's number two oil producer, Angola, will export around 1.67 million barrels per day (bpd) of crude oil in September, down slightly from August, a provisional loading programme showed on Tuesday. The total volume of around 50 million barrels will be exported on 52 tankers, the programme showed. OPEC member Angola, which pumps nearly all of its oil from offshore fields, was scheduled to export 1.70 million bpd in August. Production from the West African country has reached a plateau in recent years, despite ambitions to boost exports to at least 2 million bpd. ... Full Story | Top |
| Former Japan premier sues PM Abe for libel over Fukushima comments Tuesday, Jul 16, 2013 05:18 AM PDT  TOKYO (Reuters) - Japan's prime minister at the time of the 2011 Fukushima nuclear disaster said on Tuesday he would sue the current premier, Shinzo Abe, for defamation over an article criticizing the emergency operation he supervised during the crisis. Naoto Kan, now a lawmaker for the opposition Democratic Party of Japan, took the highly unusual step only a few days before an upper house election, on Sunday, in which nuclear power is one of the most hotly debated issues. ... Full Story | Top |
| Nigeria revenues up 46 pct in June after pipeline repair Tuesday, Jul 16, 2013 04:43 AM PDT ABUJA (Reuters) - The Nigerian government's revenues rose 46 percent in June to 863 billion naira after sabotaged oil pipelines were repaired, the accountant general said on Tuesday. The figures were an indication of the damage that rampant oil theft can do to the government's fiscal position in the short term. Accountant General Jonah Otunla said the higher revenues were due to an increase in crude oil production after repairs to pipelines in some terminals. He did not say which ones. Revenues in May were 590.8 billion naira because, partly due to theft and vandalism, Otunla said. ... Full Story | Top |
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