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| U.S. charges SAC Capital with insider trading crimes Thursday, Jul 25, 2013 11:50 AM PDT  By Emily Flitter, Svea Herbst-Bayliss and Jonathan Stempel NEW YORK (Reuters) - Federal prosecutors came down hard on billionaire hedge fund manager Steven A. Cohen on Thursday, unveiling criminal fraud charges against his SAC Capital Advisors LP that could end the career of one of Wall Street's most successful investors. Cohen stands accused of presiding over a broken business where employees were encouraged to push the envelope to get that extra investing edge, with little regard for whether they were acting honestly and within the law. ... Full Story | Top |
| Kiir flexes muscles but risks splitting South Sudan Thursday, Jul 25, 2013 11:47 AM PDT  By Andrew Green JUBA (Reuters) - South Sudan's President Salva Kiir has asserted his power by firing his biggest political rivals along with his entire cabinet, but he risks splitting the African oil producer at a time of new tensions with civil war foe Sudan. On Tuesday, Kiir removed Vice President Riek Machar and top negotiator Pagan Amum, senior officials in the ruling Sudan People's Liberation Movement (SPLM) who had indicated they would challenge him as party frontrunner for elections in 2015. ... Full Story | Top |
| Police raid Quebec office of MMA Railway in disaster probe Thursday, Jul 25, 2013 11:23 AM PDT  By Julie Gordon (Reuters) - Police raided the Canadian offices of Montreal, Maine & Atlantic Railway on Thursday as part of their investigation into a train crash earlier this month that destroyed the center of the small town of Lac-Megantic, Quebec, and killed 47 people. "We are executing a search warrant," Sergeant Benoit Richard of the provincial police, Sûréte du Québec, told Reuters. "We are searching the offices now. ... Full Story | Top |
| Sex researcher Virginia Johnson dies at 88: local media Thursday, Jul 25, 2013 10:36 AM PDT KANSAS CITY, Missouri (Reuters) - Sex researcher Virginia Johnson, part of the famed Masters and Johnson team which did groundbreaking work on human sexuality, has died in St. Louis at the age of 88, St. Louis Public Radio reported on Thursday, quoting her son Scott. Johnson and her ex-husband William Masters, who died in 2001, published the bestselling book "Human Sexual Response" in 1966. (Reporting by Kevin Murphy; Editing by Greg McCune and Gerald E. McCormick) Full Story | Top |
| Study finds link between women's height and cancer risk Thursday, Jul 25, 2013 10:01 AM PDT By Laura Zuckerman (Reuters) - Women's chances of developing cancer after menopause increase with their height, according to a new study. Among nearly 145,000 women between the ages of 50 and 79, researchers found that height was more strongly associated with cancer than such established risk factors as obesity. The association held true for everything from thyroid cancer to melanoma, researchers reported in the latest issue of Cancer Epidemiology, Biomarkers and Prevention, a journal of the American Association for Cancer Research. It's not height itself that's the risk factor, though. ... Full Story | Top |
| Kidnapped Lebanese manager released in Nigeria Thursday, Jul 25, 2013 09:47 AM PDT ONITSHA, Nigeria (Reuters) - Kidnappers released a Lebanese construction company manager on Thursday, two weeks after he was abducted from the firm's premises by armed men in southern Nigeria, the military said. Gunmen fired on the premises of Nigerian-owned but Lebanese-run construction firm Setraco in Benin city on July 8, killing two soldiers, wounding a third and seizing the hostage. "(He) has been released today by his abductors," military spokeswoman Captain Roseline Managbe said. "We are not aware if any ransom was paid." The company was not immediately available for comment. ... Full Story | Top |
| Ghana sells $750 million 10-year Eurobond: sources Thursday, Jul 25, 2013 09:43 AM PDT JOHANNESBURG (Reuters) - Ghana sold a $750 million 10-year Eurobond paying a yield of 8 percent, two people familiar with the matter said on Thursday. It is the West African country's second international bond after it issued a $750 million 10-year instrument in 2007. The order book for the new bond was around $2 billion, according to one of the people. Full Story | Top |
| Halliburton says it also is part of U.S. fracking antitrust probe Thursday, Jul 25, 2013 09:36 AM PDT  (Reuters) - Halliburton Co, the largest provider of pressure pumping services used in hydraulic fracturing, said on Thursday it had also been contacted by the U.S. government regarding potential antitrust issues in the pressure pumping market. Halliburton said it had received an information request from the U.S. Department of Justice. Rival Baker Hughes Inc disclosed the receipt of a civil investigative demand from the DOJ on May 30 in a quarterly filing late on Wednesday. ... Full Story | Top |
| Algeria puts army in charge of fighting drug trafficking Thursday, Jul 25, 2013 08:52 AM PDT By Lamine Chikhi ALGIERS (Reuters) - Algeria has identified drug trafficking as a top national security threat linked to militancy in the region and put its powerful army in charge of fighting it, interior minister Daho Ould Kablia said. "We are waging a war. It is a war against a new form of terrorism: drugs trafficking," Ould Kablia told the APS state news agency late on Wednesday. ... Full Story | Top |
| Biogen's new MS drug shines in market debut Thursday, Jul 25, 2013 08:34 AM PDT By Bill Berkrot (Reuters) - Biogen Idec Inc on Thursday reported sales of its new multiple sclerosis drug Tecfidera had surpassed Wall Street's most bullish forecasts, raising expectations that it will eventually become the dominant oral MS treatment. In its first quarter on the market, Tecfidera posted sales of $192 million, including inventory stocking. Biogen said about $110 million of the total represented underlying patient demand. Analysts had expected about $66 million, with the more bullish forecasts at about $90 million. ... Full Story | Top |
| Fire at Gulf rig wanes, gas flow stops: regulators Thursday, Jul 25, 2013 08:15 AM PDT  HOUSTON (Reuters) - The flow of natural gas from a ruptured well at a shallow-water Gulf of Mexico drilling rig has stopped, and the fire on the rig off the coast of Louisiana has been reduced to a small flame, U.S. regulators said on Thursday. The U.S. Bureau of Safety and Environmental Enforcement said the leaking well had "bridged over," meaning small pieces of sediment had stopped the flow of natural gas. The remaining small fire was fueled by residual gas at the top of the well, the agency said. ... Full Story | Top |
| Israel's SciVac eyes global expansion of 3G hepatitis B vaccine Thursday, Jul 25, 2013 08:05 AM PDT  By Steven Scheer REHOVOT, Israel (Reuters) - Israeli drug company SciVac is seeking U.S. approval for a widely used hepatitis B vaccine as part of a push for increased global sales of a product which it says could stem global growth in the disease. Some 1.2 million people die each year from HBV, 100 times more than HIV, while as many as 400 million people are carriers. SciVac - 45 percent owned by Opko Health, which is controlled by Teva Pharmaceutical Industries Chairman Phillip Frost - has applied to the U.S. ... Full Story | Top |
| Main Yemen oil export pipeline blown up, flow halted: officials Thursday, Jul 25, 2013 06:56 AM PDT SANAA (Reuters) - Tribesmen blew up impoverished Yemen's main oil export pipeline on Thursday, halting the flow of its main source of foreign currency, security and oil officials said. The Arabian Peninsula state, which relies on crude exports to finance up to 70 percent of budget spending, has suffered frequent bombings of its main pipeline in the central Maarib province since an uprising broke out in 2011. "The attack has stopped the flow of exports, but we have engineering teams fixing the damage now and we expect that it will be repaired by tomorrow," said an oil ministry official. ... Full Story | Top |
| Cycling-Tinkoff ends sponsor deal, to launch own team Thursday, Jul 25, 2013 06:53 AM PDT (Adds Tinkoff plan for their own team) By Keith Weir and Philip O'Connor LONDON/COPENHAGEN - Russian entrepreneur Oleg Tinkov announced plans to set up a new cycling team on Thursday after ending his sponsorship of the Saxo-Tinkoff group run by former Danish rider Bjarne Riis. Saxo-Tinkoff finished the 2013 Tour de France at the top of the team classification last weekend, but Riis said that finding common ground to renew the sponsorship deal with Tinkoff had proved impossible. ... Full Story | Top |
| Port of Tampa reopens after ethanol train derailment: Port Authority Thursday, Jul 25, 2013 06:28 AM PDT (Reuters) - Florida's Port of Tampa has reopened after an ethanol train derailment early Thursday, the Tampa Port Authority said. No injuries were associated with the incident, although delays were expected for traffic in and out of Hookers Point, near where the derailment occurred, the Port Authority said in a note. The derailment occurred around 1:00 a.m. EDT (0500 GMT). Tampa Fire Rescue officials told a local NBC affiliate 15 train cars derailed and three spilled ethanol. That report added that cleanup could take longer than 24 hours. ... Full Story | Top |
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