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| DuPont expects farm demand to boost quarterly profit Tuesday, Oct 22, 2013 12:34 PM PDT  By Swetha Gopinath and Garima Goel (Reuters) - DuPont , the largest U.S. chemical maker by market value, said it expects earnings to more than double this quarter as its fast-growing agriculture business overcomes traditional seasonal weakness. The company said it expects the business, which supplies farmers with seeds, pesticides and fertilizers, to report a small profit this quarter, its first positive fourth quarter in four years. "The story is going to be all about agriculture," said Piper Jaffray analyst Mike Ritzenthaler. ... Full Story | Top |
| Emergency braking led to fiery Canada rail accident, investigators say Tuesday, Oct 22, 2013 12:33 PM PDT  TORONTO (Reuters) - Emergency braking was behind the derailment of a train hauling propane and crude oil early on Saturday, the Transportation Safety Board of Canada said on Tuesday. In its first assessment of the accident, the TSB said the westbound Canadian National Railway mixed freight train had an "undesired emergency brake application" in Gainford, Alberta and 13 cars carrying dangerous goods derailed. The explosion and fire that followed forced some 100 people from their homes. ... Full Story | Top |
| Weakening Raymond soaks southwestern Mexico, no major damage Tuesday, Oct 22, 2013 12:14 PM PDT  By David Alire Garcia ACAPULCO, Mexico (Reuters) - More heavy rain spawned by Hurricane Raymond as it churns over the Pacific fell on southwestern Mexico on Tuesday, soaking areas hit by record flooding last month, but forecasters said the storm was weakening and appeared unlikely to reach land. The port and schools remained closed in the resort city of Acapulco, which also was battered by tropical storms that struck Mexico in mid-September. The freight hub of Lazaro Cardenas to the northwest also was shut. ... Full Story | Top |
| "Windmills of Your Mind" singer Noel Harrison dies at 79 Tuesday, Oct 22, 2013 11:34 AM PDT LONDON (Reuters) - British singer and actor Noel Harrison, known for the Oscar-winning 1960s song "The Windmills of Your Mind", has died aged 79, his friends and family said on Tuesday. Harrison was reported to have suffered a heart attack at his home in Devon in southwest England last Saturday after performing at the nearby village of Black Dog. His co-star in the 1960s spy-fi TV series "The Girl From U.N.C.L.E", Stefanie Powers, announced his death on Twitter. "Let us all light a candle to speed him on his way - he deserves to fly with the angels," she wrote. ... Full Story | Top |
| Wall Street up on Fed-affirming jobs data; Netflix hit Tuesday, Oct 22, 2013 10:33 AM PDT  By Julia Edwards NEW YORK (Reuters) - U.S. stocks climbed on Tuesday, pushing the S&P 500 to a new intraday record, after weaker-than-expected job creation last month validated expectations the Federal Reserve will maintain its economic stimulus into next year. The Nasdaq pared gains after some of the year's biggest winners, including Netflix Inc , reversed course to move lower. "The most volatile sector, in terms of risk and return, is going to be the technology sector," said Jon Smith, chief investment officer at DT Investment Partners. ... Full Story | Top |
| Mozambique's Renamo chief risks isolation after ending peace pact Tuesday, Oct 22, 2013 09:18 AM PDT  By Manuel Mucari and Pascal Fletcher MAPUTO/JOHANNESBURG (Reuters) - Mozambique's opposition leader Afonso Dhlakama, who is fleeing government forces in a remote jungle region, may have also exiled himself to the political wilderness by abandoning a 1992 peace pact that ended the country's civil war. His Renamo former rebel group, which embraced multi-party politics after the deal, said on Monday it was annulling the accord with the government after the army overran Dhlakama's base in the Gorongosa forest of central Sofala province. ... Full Story | Top |
| Sudan, South Sudan seek to mend ties to keep oil flowing Tuesday, Oct 22, 2013 08:59 AM PDT  By Andrew Green JUBA (Reuters) - The presidents of Sudan and South Sudan said on Tuesday they were happy with work to rebuild southern oil exports through a Sudanese pipeline, seeking to end a recurring row that has hurt a vital source of revenues for both nations. Within months of South Sudan's secession in mid-2011 from Sudan, Juba halted its exports that at the time had been running at 300,000 barrels per day because of a row of transit fees, border security and territory. Both economies struggled. ... Full Story | Top |
| Canadian third-quarter earnings expected to grow, but just barely Tuesday, Oct 22, 2013 08:59 AM PDT By Leah Schnurr TORONTO (Reuters) - Canadian companies will likely see profit increase by only a slim amount this earnings season as the lackluster global economy holds back growth, but stronger gains in revenue could mean a better 2014 is in store. Materials companies - one of the largest sectors on the country's main stock index - are expected to perform the worst as the third quarter earnings season gets under way, with miners and other resource companies likely to be hit by weak commodity prices. ... Full Story | Top |
| Scottish government looks for Grangemouth buyers Tuesday, Oct 22, 2013 08:46 AM PDT LONDON (Reuters) - The Scottish government has been talking to potential buyers for the troubled Grangemouth refinery and petrochemical plant in Scotland, further raising the stakes in a bitter dispute between owner Ineos and the workforce that may see the plant close. "In view of the clear danger of a stalemate developing between the owners and the union, the Scottish Government has been actively pursuing alternative options," John Swinney, Scotland's finance secretary said in a statement. ... Full Story | Top |
| EU Parliament stops short of U.S.-style approvals for medical devices Tuesday, Oct 22, 2013 08:09 AM PDT  STRASBOURG (Reuters) - The European Parliament backed plans on Tuesday to tighten EU rules on medical devices that stopped short of a U.S.-style pre-marketing approval system that industry had warned would delay the introduction of new treatments. Proposals to toughen up European Union legislation on medical devices followed a 2011 scandal involving France's now defunct Poly Implant Prothese (PIP), which for up to a decade made substandard breast implants that were used by hundreds of thousands of women worldwide. ... Full Story | Top |
| EU states back biodiesel duties on Argentina, Indonesia Tuesday, Oct 22, 2013 08:02 AM PDT BRUSSELS (Reuters) - European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats. A majority of the EU members on Tuesday backed the European Commission's view that producers in the two countries were dumping - selling at below fair market or cost price. ... Full Story | Top |
| Orbital Sciences' cargo ship departs International Space Station Tuesday, Oct 22, 2013 08:01 AM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Virginia-based Orbital Sciences Corp completed a successful test mission at the International Space Station on Tuesday, clearing the firm to begin regular cargo runs for NASA under a $1.9 billion contract. Using the space station's robotic arm, astronauts aboard the station plucked the Orbital Sciences' Cygnus capsule from its docking port and released the unmanned capsule into space as the two sailed high over the Atlantic Ocean. ... Full Story | Top |
| Pfizer commits to developing Pain Therapeutics' painkiller Tuesday, Oct 22, 2013 07:54 AM PDT (Reuters) - Pfizer Inc said it has decided to develop the abuse-resistant painkiller made by its partner Pain Therapeutics Inc, six months after the pharmaceutical giant's comments raised fears it would drop the drug. Pain Therapeutics shares jumped as much as 30 percent in early trading on the Nasdaq. The drug, Remoxy, has been rejected twice by the U.S. Food and Drug Administration due to concerns about its manufacturing process and chemical composition. ... Full Story | Top |
| TSX rises as U.S. jobs data backs up Fed stimulus Tuesday, Oct 22, 2013 07:35 AM PDT  By Alastair Sharp TORONTO (Reuters) - Canada's main stock index opened higher on Tuesday after U.S. jobs data for September came in weaker than expected, bolstering expectations that the Federal Reserve will stick to its current monetary stimulus for longer. The push higher in a sixth straight session extended a two-year peak for the index, which has failed to keep up with the record highs hit in U.S. markets this year. U.S. employers added 148,000 positions last month, the Labor Department said, which was below with expectations of 180,000. ... Full Story | Top |
| Chad lifts suspension on China's CNPC activities Tuesday, Oct 22, 2013 07:35 AM PDT N'DJAMENA (Reuters) - Chad has given China National Petroleum Corporation the green light to resume operations suspended in August for violations of environmental standards while drilling for oil in the south of the country. Oil Minister Djerassem Le Bemadjiel halted CNPC's activities after witnessing what he described as "flagrant violations of environmental standards" at its Koudalwa field, about 200 km (124 miles) south of the capital, N'Djamena. An oil ministry source, who asked not to be named, said CNPC had since improved its environmental practices. ... Full Story | Top |
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