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| Spacewalkers leave space station for outside chores Tuesday, Jul 09, 2013 12:11 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Two astronauts left the International Space Station on Tuesday for a day of maintenance tasks, including installing a power cable needed for a new Russian laboratory due to be installed this year. Veteran NASA astronaut Christopher Cassidy and rookie partner Luca Parmitano, the first Italian to make a spacewalk, left the station's Quest airlock shortly after 8 a.m. EDT as the orbital outpost sailed about 260 miles over the Arabian Sea. ... Full Story | Top |
| Toronto rainstorm causes power outages, transit chaos Tuesday, Jul 09, 2013 12:05 PM PDT  TORONTO (Reuters) - A heavy rainstorm in Toronto caused power outages and transit chaos across Canada's largest city on Monday, with flooding shutting down parts of its subway and major roads. Toronto Hydro, the main electrical utility, said some 300,000 customers lost power after the sudden storm, which dumped more than 90 millimeters (3.5 inches) of water on parts of the city. The rain also flooded subway stations, closing down large parts of three subway lines, the city's public transit operator said. Many streetcars and buses in the downtown area were forced to stop or divert. ... Full Story | Top |
| Oil tank cars like those in Quebec tragedy long seen as flawed Tuesday, Jul 09, 2013 11:05 AM PDT  By Cezary Podkul and Joshua Schneyer NEW YORK (Reuters) - The oil-laden train that derailed and exploded in a small Canadian town on Saturday, possibly killing as many as 50 people, included a class of railcar whose vulnerability to leaks and deadly explosions was well known to regulators. The U.S. National Transportation Safety Board has issued safety guidelines on the widely used, cylindrical tank cars known as DOT-111s, including a recommendation that all tank cars used to carry ethanol and crude oil be reinforced to make them more resistant to punctures if trains derail. ... Full Story | Top |
| Quebec tragedy could disrupt oil rail transport for a while: Canada's TSB Tuesday, Jul 09, 2013 10:45 AM PDT LAC-MEGANTIC, Quebec (Reuters) - Shipments of crude oil along the rail route disrupted by the Quebec train derailment could be out of service for "a while", an official with Canada's Transportation Safety Board said on Tuesday. Montreal, Maine & Atlantic Railway's line that carries oil from Montreal through Maine destined for Irving Oil's St. John, New Brunswick refinery has been shut since a crude train derailed in Lac-Megantic early Saturday. About 50 people are either confirmed dead, or are still missing, likely turning the accident into North America's worst rail disaster since 1989. ... Full Story | Top |
| Quest for answers starts in deadly Canada rail crash Tuesday, Jul 09, 2013 10:25 AM PDT  By Richard Valdmanis and Julie Gordon LAC-MEGANTIC, Quebec (Reuters) - Investigators seeking the cause of the deadly train crash in the tiny Quebec town of Lac-Megantic, were focusing Tuesday on the train's brakes, the railway company's own regulations and whether Canada needs tougher train-transport standards. Officials from the Transportation Safety Board of Canada said more than a dozen investigators were examining every angle of the accident, in which a runaway train hauling 72 cars of crude oil plowed into the lakeside town and exploded. ... Full Story | Top |
| Vivus signs impotence drug deal as proxy vote looms Tuesday, Jul 09, 2013 10:20 AM PDT (Reuters) - Vivus Inc, which is under intense pressure from its top shareholder over its marketing, said it signed a deal worth up to 95 million euros ($121.47 million) with Italy's Menarini Group to introduce its erectile dysfunction drug in Europe, Australia and New Zealand. Vivus shares rose as much as 6 percent in morning trading on the Nasdaq before easing back to be up 2.5 percent in early afternoon trading. Privately held Menarini will sell the drug, avanafil, as Spedra in Australia, New Zealand and 40 European countries. ... Full Story | Top |
| Shell's new CEO reinforces gas technology focus Tuesday, Jul 09, 2013 10:02 AM PDT  By Andrew Callus LONDON (Reuters) - Royal Dutch Shell named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on. Van Beurden, who became head of refining, marketing and chemicals in January, has been at the Anglo-Dutch group for 30 years and spent a decade in the liquefied natural gas (LNG) industry. At 55, the Dutchman is of similar age to Peter Voser, the Swiss national he is replacing, who announced his surprise retirement in May. ... Full Story | Top |
| Kenya seizes more smuggled ivory destined for Malaysia Tuesday, Jul 09, 2013 09:50 AM PDT  By Joseph Akwiri MOMBASA, Kenya (Reuters) - Kenyan officials have impounded another large consignment of smuggled elephant ivory barely a week after intercepting a similar haul, highlighting the rise of poaching in Africa. The ivory, weighing 3.3 metric tons and valued at 65 million shillings ($748,400), was impounded this week. It had been wrapped in gunny sacks and declared as groundnuts being shipped to Malaysia from Kenya's capital, Nairobi, officials said on Tuesday. ... Full Story | Top |
| TSX hits two and a half week high as gold price boosts miners Tuesday, Jul 09, 2013 08:43 AM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index climbed on Tuesday to its highest in more than two weeks as advances in gold miners, which rose with the bullion price, overcame a decline in Alimentation Couche-Tard after the retailer reported quarterly results. A positive start to the U.S. earnings season, which kicked off with Alcoa's higher-than-expected adjusted profit report, further boosted investor sentiment. Couche-Tard gave back 5.6 percent after its fourth-quarter results missed market expectations and played the biggest role of any single stock in leading the market ... Full Story | Top |
| Chevron wants more dialogue on Poland shale gas rules Tuesday, Jul 09, 2013 08:34 AM PDT  By Christian Lowe WARSAW (Reuters) - Energy major Chevron said on Tuesday it was committed to shale gas exploration in Poland though it wanted more consultation with the government on draft amendments to rules before they are adopted. Three foreign firms - Exxon Mobil , Talisman and Marathon - have pulled out of Polish shale gas, citing difficult geology and short-comings in the regulatory environment. ... Full Story | Top |
| South Africa's Zuma ousts rival Sexwale in cabinet reshuffle Tuesday, Jul 09, 2013 08:02 AM PDT  By Peroshni Govender PRETORIA (Reuters) - South African President Jacob Zuma replaced Tokyo Sexwale as housing minister in a cabinet shake-up on Tuesday, removing the anti-apartheid stalwart who has criticized his rival's stewardship of Africa's biggest economy. In a reshuffle less than a year before Zuma seeks re-election to another five-year term, embattled communications minister Dina Pule was also ousted, along with the minister of traditional affairs, Richard Baloyi. ... Full Story | Top |
| Shrinking Brent premium boosts West African oil exports to US Tuesday, Jul 09, 2013 07:24 AM PDT  By Simon Falush LONDON (Reuters) - A shrinking premium of Brent crude oil to U.S. crude is making Brent-linked West African crude prices more competitive and boosting exports to North America, which is likely to squeeze the margins of embattled European refiners. The premium of Brent over U.S. crude has fallen to around $4 per barrel from a two-year high of $26 in November, as new pipeline links divert oil away from Cushing, Oklahoma where futures contracts are settled, to markets along the Gulf coast. ... Full Story | Top |
| Ghana on track to meet 9 pct deficit target: Vice President Tuesday, Jul 09, 2013 07:07 AM PDT By Kwasi Kpodo ACCRA (Reuters) - Ghana is on track to meet its 9 percent deficit target for 2013, Vice President Kwesi Amissah-Arthur said in an interview on Tuesday, seeking to reassure investors ahead of a $1 billion Eurobond issue expected this month. Amissah-Arthur, the head of the government's economic management team, said positive economic data for the year to June and the removal of costly fuel subsidies made it likely the West African cocoa-, gold- and oil-exporter would hit the target. ... Full Story | Top |
| Petronas in talks to sell stake in Canada shale to Indian Oil: sources Tuesday, Jul 09, 2013 06:54 AM PDT By Niluksi Koswanage and Nidhi Verma KUALA LUMPUR/NEW DELHI (Reuters) - Malaysia's Petronas is in talks to sell 10 percent of its Canadian shale gas assets to Indian Oil Corp , sources with direct knowledge of the matter said, mirroring a deal it signed earlier this year with a Japanese company. State-run Petronas last year bought Canada's Progress Energy Resources Corp in a C$5.2 billion ($4.92 billion) deal that gave it shale gas properties in northeastern British Columbia. ... Full Story | Top |
| Vivus says activist investor criticisms are off base Tuesday, Jul 09, 2013 06:52 AM PDT (Reuters) - Obesity drugmaker Vivus Inc on Tuesday said its biggest investor, First Manhattan Co, has been offering only "uncertainty and delay" in its efforts to shake up the company's board of directors. "FMC's 'plan' - to the extent they have one - appears to revolve solely around doing things that the Vivus board and management team are already doing, 'fixing' things that aren't broken," Vivus said in a release. First Manhattan, an activist investor that owns 9. ... Full Story | Top |
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