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| New York has enough power for record usage in heat wave Friday, Jul 19, 2013 12:39 PM PDT  By Scott DiSavino (Reuters) - New York State's power grid operator said it expects to have enough power Friday to meet a forecast for record electric usage from air conditioners as people try to keep cool in a blistering six day-long heat wave. The New York Independent System Operator (NYISO) forecast consumer power use would peak at 34,600 MW on Friday, up from 33,450 MW on Thursday, which would break the state's all-time record of 33,939 MW set in 2006 before industrial and commercial businesses cut back on power usage during the recession. One megawatt powers about 1,000 homes. ... Full Story | Top |
| EU pushes plan to bar aid to Israelis in West Bank Friday, Jul 19, 2013 11:36 AM PDT  By Adrian Croft BRUSSELS (Reuters) - The European Union, over Israeli protests, said on Friday it was pushing ahead with plans to bar EU financial aid to Israeli organizations operating in the occupied territories, but insisted the decision would not affect peace efforts. New European Commission guidelines on EU financial support were published in the EU's Official Journal as planned, despite intense lobbying by Israeli Prime Minister Benjamin Netanyahu, who has denounced them as meddling in Israel's relations with the Palestinians. ... Full Story | Top |
| Judge denies BP effort to halt Gulf spill claim payouts Friday, Jul 19, 2013 10:21 AM PDT  By Kathy Finn NEW ORLEANS (Reuters) - A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible misconduct in the payout process. The payments are being made under a program set up under a settlement BP signed last year. Judge Carl Barbier, who is overseeing the consolidated spill-related civil case against BP and its contractors, ruled on Friday that there was nothing to prove the "mass of claims" was not being properly evaluated. ... Full Story | Top |
| Rome district bombed in war says Europe promises broken Friday, Jul 19, 2013 09:54 AM PDT By Naomi O'Leary ROME (Reuters) - Seventy years after a World War Two air raid killed 1,500 in their working-class Rome district, San Lorenzo residents on Friday rued a European Union they said had brought peace, but not prosperity. Spending cuts and tax increases to lower the borrowing costs and debt of weaker euro zone economies have fed Europe-wide resentment towards the project of integration, conceived to ensure peace in the continent after centuries of war. "There is peace, yes, but we've gone back to 50 years ago. All my grandchildren are without work. ... Full Story | Top |
| Rocket blasts off from Florida with military communications satellite Friday, Jul 19, 2013 08:49 AM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - An Atlas 5 rocket blasted off from Cape Canaveral Air Force Station on Friday carrying a sophisticated communications satellite designed to provide voice and data services for U.S. military forces around the world. The 206-foot (63-meter) tall rocket, built and operated by United Launch Alliance, a partnership of Lockheed Martin and Boeing, lifted off at 9 a.m. EDT (1300 GMT) from a seaside launch pad just south of the Kennedy Space Center. Perched on top of the booster was the second satellite in the U.S. ... Full Story | Top |
| DNA leaves 'no doubt' on one 'Boston Strangler' murder: Attorney General Friday, Jul 19, 2013 08:46 AM PDT BOSTON (Reuters) - The man who confessed to but was never convicted of the "Boston Strangler" murders that terrified this city 50 years ago did commit at least one of the attacks, Massachusetts prosecutors said on Friday, citing new DNA evidence. A week after the body of Albert DeSalvo was exhumed for further DNA testing, the tests confirmed that he killed 19-year-old Mary Sullivan, in January 1964, the last of 11 victims attributed to the Boston Strangler. ... Full Story | Top |
| Schlumberger soars on global drilling boom, Baker hit at home Friday, Jul 19, 2013 07:47 AM PDT By Braden Reddall (Reuters) - A three-decade high for drilling activity outside North America lifted Schlumberger Ltd to a seventh straight estimate-topping quarterly profit, while U.S.-focused Baker Hughes Inc came up short in a tough quarter closer to home. Shares of global oilfield services leader, Schlumberger rose 4.3 percent to $81.88, touching a near-two-year high briefly, while Baker Hughes fell 4 percent to $47.14. UBS analyst Angie Sedita was impressed by Schlumberger's strong execution in almost every region. ... Full Story | Top |
| First Manhattan's point man on Vivus: Doctor and Buffett disciple Friday, Jul 19, 2013 07:40 AM PDT By Jessica Toonkel NEW YORK (Reuters) - When Dr. Sam Colin was an intern at the Yale School of Medicine, he often gave up the chance to catch a few minutes of sleep between shifts to read the latest investment insights from Warren Buffett. "I had read everything that Warren Buffett had written up until that point," Colin told Reuters in an interview. "I used to get teased a bit by the other interns." His medical expertise and fascination with Wall Street ultimately led to a job at investment firm First Manhattan Co. ... Full Story | Top |
| Briton kidnapped in Nigeria's Lagos this week Friday, Jul 19, 2013 07:07 AM PDT ABUJA (Reuters) - A British national was kidnapped in Nigeria this week shortly after arriving at Lagos airport, the British High Commission said on Friday. Gunmen attacked a four-wheel drive car at around 8.30 p.m. (1930 GMT) on Tuesday after it left the airport's international terminal, kidnapping a British man who was returning to a residential area of Lagos, two security sources told Reuters. The Nigerian driver of the vehicle was shot but survived, the sources said. ... Full Story | Top |
| Suicide bomber kills 20 in Iraqi Sunni mosque Friday, Jul 19, 2013 06:49 AM PDT BAQUBA, Iraq (Reuters) - A suicide bomber blew himself up inside a Sunni mosque in central Iraq, killing at least 20 people in the middle of a sermon on Friday. The explosion took place in the town of Wajihiya in the ethnically and religiously diverse province of Diyala, which has seen an increasing number of attacks in recent weeks. It was unclear who was behind the blast, the latest in a campaign of attacks that has raised fears of a return to full-blown sectarian conflict in a country where Kurds, Shi'ite and Sunni Muslims have yet to find a stable way of sharing power. ... Full Story | Top |
| How GlaxoSmithKline missed red flags in China Friday, Jul 19, 2013 06:39 AM PDT  By Ben Hirschler LONDON (Reuters) - With more compliance officers in China than in any country bar the United States, British drug maker GlaxoSmithKline Plc seemed well-positioned to do things right. But despite conducting up to 20 internal audits in China a year, including an extensive 4-month probe earlier in 2013, GSK bosses were blindsided by police allegations of massive corruption involving travel agencies used to funnel bribes to doctors and officials. ... Full Story | Top |
| Nigeria lifts mobile phone blackout in militant stronghold Friday, Jul 19, 2013 05:57 AM PDT MAIDUGURI, Nigeria (Reuters) - Nigeria lifted a mobile phone blackout on the Islamist militant stronghold of Maiduguri on Friday, saying there were signs of improving security after months of blasts and attacks. Signals were cut in the remote northeastern town and surrounding states in May in a bid to disrupt the activities of the Islamist Boko Haram sect, whose insurgency has killed thousands of people in the past three years. ... Full Story | Top |
| Britain plans tax breaks for shale gas investment Friday, Jul 19, 2013 05:13 AM PDT  By Nina Chestney LONDON (Reuters) - The British government unveiled what it described as the world's most generous incentives for shale gas on Friday, offering tax breaks to drive investment in a sector that has already transformed the U.S. energy market. Finance minister George Osborne said the government wanted to create the right conditions in Britain for industry to unlock the potential of shale gas. "This new tax regime, which I want to make the most generous for shale in the world, will contribute to that," he said. ... Full Story | Top |
| Return of long-absent bumblebee near Seattle stirs scientific buzz Friday, Jul 19, 2013 05:06 AM PDT  By Jonathan Kaminsky OLYMPIA, Washington (Reuters) - A North American bumblebee species that all but vanished from about half of its natural range has re-emerged in Washington state, delighting scientists who voiced optimism the insect might eventually make a recovery in the Pacific Northwest. Entomologists and bee enthusiasts in recent weeks have photographed several specimens of the long-absent western bumblebee - known to scientists as Bombus occidentalis - buzzing among flower blossoms in a suburban park north of Seattle. ... Full Story | Top |
| South Sudan to cut oil output to 100,000 bpd at weekend Friday, Jul 19, 2013 04:58 AM PDT By Andrew Green JUBA (Reuters) - South Sudan will slash its oil output to 100,000 barrels a day over the weekend as it moves toward a full shutdown, its foreign ministry said, after Sudan decided to block its exports in a row over rebels operating across their shared border. Sudan, the sole conduit for South Sudan's oil exports, said a month ago it would close two cross-border oil pipelines within two months and insisted oil production be shut by August 7 unless South Sudan gave up support for the rebels. South Sudan's government in Juba denies providing such support. ... Full Story | Top |
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