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| Nudged by hospitals, more U.S. moms are breastfeeding: CDC Wednesday, Jul 31, 2013 12:56 PM PDT By Yasmeen Abutaleb WASHINGTON (Reuters) - More mothers in the United States are breastfeeding their babies, a practice that could potentially save billions in health care costs, the Centers for Disease Control said in a study released on Wednesday. More hospitals are enabling and encouraging mothers and babies to stay closer together after birth, the CDC said, which is imperative for the breastfeeding rate to continue rising. Researchers and doctors often tout lower risks for ear and gastrointestinal infections, diabetes, obesity and other chronic diseases among those who were breastfed. ... Full Story | Top |
| Wall St. gains after Fed gives no word on tapering Wednesday, Jul 31, 2013 12:21 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks advanced in volatile trading on Wednesday, pushing the S&P 500 to within a few points of 1,700, after the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. In a statement following its two-day meeting, the Fed said the economy continues to recover but still needs support. The three major stock indexes quickly added to gains within a few minutes of the Fed's statement. About 2:19 p.m., though, the Dow briefly turned negative and then rebounded. ... Full Story | Top |
| South Sudan's Kiir to keep oil minister, change finance portfolio Wednesday, Jul 31, 2013 12:10 PM PDT  By Andrew Green JUBA (Reuters) - South Sudan's oil minister Stephen Dhieu Dau will keep his post in the new government, while new appointments will be made to the key finance and defense portfolios, officials said on Wednesday. Last week, President Salva Kiir sacked the cabinet, Vice President Riek Machar and put his top Sudan negotiator, Pagan Amum, under investigation amid a power struggle. Dau told Reuters he had been appointed again. "We will try to continue with the same programs that we laid in the last two years," he said, without elaborating. ... Full Story | Top |
| Mexican governmet likely to present energy reform bill next week: lawmaker Wednesday, Jul 31, 2013 11:58 AM PDT MEXICO CITY (Reuters) - Mexico's government is likely to present a far-reaching energy reform bill to Congress next week, a senior ruling party lawmaker said on Wednesday, a key plank of President Enrique Pena Nieto's bid to boost economic growth. "Everything indicates that the (energy reform) initiative of President Pena Nieto will arrive next week," Senator Emilio Gamboa, leader of the Institutional Revolutionary Party's (PRI) bloc in the upper body of Congress. ... Full Story | Top |
| Republicans say Obama comments jeopardize Keystone XL pipeline Wednesday, Jul 31, 2013 11:39 AM PDT  WASHINGTON (Reuters) - President Barack Obama's recent comments on the Keystone XL oil pipeline, downplaying jobs that would be created, jeopardize the project by adding to its uncertainty, Republican lawmakers said in a letter to the president on Wednesday. "We are concerned that your recent statements have signaled an arbitrary and abrupt shift in how our nation approves cross-border energy projects," Republican Representatives Fred Upton, Ed Whitfield, and Lee Terry said in a letter. ... Full Story | Top |
| Mexican President Pena Nieto has successful thyroid surgery Wednesday, Jul 31, 2013 10:57 AM PDT  MEXICO CITY (Reuters) - Mexican President Enrique Pena Nieto successfully underwent surgery on Wednesday to remove a benign nodule on his thyroid gland, his chief of staff said. "It was a success. The president is already awake," Aurelio Nuno, head of the office of the presidency, told a news conference. The surgery lasted nearly two hours and Pena Nieto will remain in hospital for two days. He will then take another couple of days rest at his home. The thyroid nodule was detected about seven years ago, but Pena Nieto had postponed treatment. ... Full Story | Top |
| Senators question U.S. energy market settlement with JPMorgan Wednesday, Jul 31, 2013 10:44 AM PDT  WASHINGTON (Reuters) - Two Democratic Senators on Wednesday asked U.S. energy regulators for more details on how terms of a settlement were reached on alleged power market manipulation in California and the Midwest by a unit of JPMorgan Chase & Co. In a letter to Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission (FERC), Elizabeth Warren and Edward Markey, both of Massachusetts, questioned whether the settlement announced on Tuesday included "adequate refunds to defrauded ratepayers. ... Full Story | Top |
| Spills force Canadian Natural to cut 2014 Primrose output Wednesday, Jul 31, 2013 10:35 AM PDT By Nia Williams CALGARY, Alberta (Reuters) - Canadian Natural Resources Ltd has cut its forecast for 2014 production at its Primrose oil sands project in northern Alberta due to leaks of tarry bitumen emulsion that could take months to stop completely, company President Steve Laut said on Wednesday. Canadian Natural said it has so far cleaned up 6,300 barrels of the emulsion, bitumen mixed with water, from four different sites at the Primrose project. ... Full Story | Top |
| Melrose launches $1 billion Crosby sale: sources Wednesday, Jul 31, 2013 09:43 AM PDT By Soyoung Kim and Sophie Sassard NEW YORK/LONDON (Reuters) - UK turnaround specialist Melrose Industries is moving ahead with the sale of its U.S. lifting unit Crosby worth about $1 billion and is expected to receive first-round bids in mid-August, three sources familiar with the matter said. Crosby, which makes lifting fittings and blocks for the oil and gas, construction and mining sectors, is expected to appeal mainly to private equity firms such as KKR , Blackstone and CVC, said the sources, who asked not to be named because the talks are private. ... Full Story | Top |
| Actelion buys U.S.-based firm with cancer drug in development Wednesday, Jul 31, 2013 08:58 AM PDT  ZURICH (Reuters) - Actelion said it will acquire Ceptaris, a privately held U.S.-based specialty pharmaceutical company developing a topical drug, Valchlor, to treat a form of cancer. Allschwil-based Actelion said it already paid Ceptaris $25 million and will pay another $225 million when the deal closes. The deal is contingent on Valchlor clinching approval from the U.S. health regulator. "We expect the transaction to become cash-accretive before the end of 2014," Actelion executive Nicholas Franco said in a statement on Wednesday. (Reporting By Katharina Bart) Full Story | Top |
| Nigeria opposition coalition cleared to run in poll Wednesday, Jul 31, 2013 08:50 AM PDT  ABUJA (Reuters) - Nigeria's electoral commission has approved the merger of three main opposition parties into a bloc that could pose the most credible threat yet to the long-ruling party of President Goodluck Jonathan. Since nearly three decades of military dictatorship ended in 1999, the People's Democratic Party (PDP) has ruled more or less unchallenged, winning every presidential poll. ... Full Story | Top |
| TSX steady as investors brace for Fed comment Wednesday, Jul 31, 2013 08:16 AM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index was little changed on Wednesday as investors looked to a Federal Reserve meeting for direction about the U.S. central bank's monetary stimulus program. Gains in financial and energy shares offset by weakness in Potash Corp , which extended its declines after news of the breakup of a Russian-Belarusian potash joint venture on Tuesday sent shockwaves through the industry. U.S. stocks gained modestly after data showing U.S. ... Full Story | Top |
| Exclusive: Russian billionaire seeks U.S. government financing for luxury jets Wednesday, Jul 31, 2013 08:15 AM PDT  By Joshua Schneyer and Brian Grow NEW YORK/ATLANTA (Reuters) - Billionaire Russian businessman Gennady Timchenko, a long-time associate of Russian President Vladimir Putin, plans to seek U.S. government-backed funding to buy luxury aircraft, Reuters has learned. To smooth the path for financial backing from the U.S. Export-Import Bank and allay possible U.S. government concerns about him, Timchenko hired lobbyists from powerhouse Washington law firm Patton Boggs, according to emails and documents viewed by Reuters. ... Full Story | Top |
| Sudan says thaw in relations may prevent South Sudan oil halt Wednesday, Jul 31, 2013 06:53 AM PDT  By Richard Lough NAIROBI (Reuters) - Sudan hopes it will not be forced to block vital crude exports from neighbouring South Sudan after recent "good steps" made to end a row over alleged rebel support, Sudan's second vice president said on Wednesday. Sudan, the sole conduit for South Sudan's oil exports, had threatened to shut down its pipelines by the end of July unless the Juba government gave up its support for rebels operating across their border. ... Full Story | Top |
| Shell to sell at least 4 more Nigeria oil blocks-sources Wednesday, Jul 31, 2013 06:21 AM PDT  ABUJA (Reuters) - Royal Dutch Shell will sell at least four more oil blocks in Nigeria in its latest divestment from Africa's top oil exporter, three oil industry sources familiar with the deals said on Wednesday. The blocks are Oil Mining Licenses (OMLs) 13 and 16 onshore the Niger Delta, and OML 71 and 72, which are in shallow water, the sources told Reuters. A Shell spokesman declined to comment. OML 13 and 16 lie in the Ogoniland region where Shell has experienced long-running disputes with local communities, multiple oil spills and widespread pipeline sabotage and theft. ... Full Story | Top |
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