Reuters: Company News

UPDATE 2-Two freight trains collide in Missouri, 7 injured

Sat, 25 May 2013 14:45:28 GMT

May 25 (Reuters) - Two freight trains collided at a rail intersection in Missouri on Saturday, triggering the collapse of a highway overpass when several rail cars derailed and struck a support pillar, a county sheriff's dispatcher said.

Germany's Kion ready for IPO but not in a rush - report

Sat, 25 May 2013 12:12:56 GMT

FRANKFURT, May 25 (Reuters) - Kion Group, the world's second biggest maker of fork lift trucks, would be ready for an initial public offering but is not in a rush, German paper Frankfurter Allgemeine Zeitung reported, citing Kion's chief executive.

As border tightens, some U.S.-Mexico neighbors reach across the fence

Sat, 25 May 2013 12:00:00 GMT

NACO, Mexico, May 25 (Reuters) - Mexican activist Maria Elena Borquez takes up a paintbrush and daubs a bright splotch of color on the rusted steel fence separating the small Mexican town of Naco from a neighboring town in the United States.

UPDATE 1-Freeport Indonesia union says mine shut but maintenance under way

Sat, 25 May 2013 08:47:53 GMT

JAKARTA, May 25 (Reuters) - Between 35 and 40 percent of workers at Freeport McMoRan Copper & Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a tunnel collapse that killed 28 people, a union official said.

-REFILE-Freeport Indonesia union says 35-40 pct of workers resume work

Sat, 25 May 2013 07:43:53 GMT

JAKARTA, May 25 (Reuters) - Between 35 and 40 percent of workers at Freeport McMoRan Copper & Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a training tunnel collapse that killed 28 people, a union official said.

-RPT-UPDATE 1-U.S. audit regulator reaches deal with China on document access

Sat, 25 May 2013 06:54:10 GMT

* U.S. had been blocked from probing Chinese audit failures

UPDATE 1-Peru's Humala vows to prioritize investment after 'bump in road'

Sat, 25 May 2013 02:39:07 GMT

LIMA, May 24 (Reuters) - Peruvian President Ollanta Humala said on Friday he will prioritize investments and speed up infrastructure projects after the economy hit a "bump in the road" with unexpectedly slow growth in the first quarter.

Rocket lifts off with U.S. military communications satellite

Sat, 25 May 2013 01:29:28 GMT

CAPE CANAVERAL, Fla. May 24 (Reuters) - An unmanned Delta 4 rocket blasted off from Cape Canaveral Air Force Station on Friday to put a multi-use, broadband communications satellite into orbit for the U.S. military.

Lobbying in American-US Airways deal focuses on small cities

Sat, 25 May 2013 01:18:03 GMT

May 24 (Reuters) - US Airways Group and American Airlines, seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters.

REFILE-UPDATE 2-Stockholm calmer but violence spreads outside Swedish capital

Sat, 25 May 2013 00:32:59 GMT

STOCKHOLM, May 24 (Reuters) - A nearly week-long spate of rioting spread outside Stockholm on Friday but authorities said police reinforcements sent to the Swedish capital had reduced the violence there, even though dozens of youths set cars and a recycling station ablaze.

UPDATE 1-Petrobras says it has rejected offers for Argentine assets

Sat, 25 May 2013 00:11:44 GMT

* Prices offered Petrobras have not met initial expectations

Associate of arms dealer Viktor Bout extradited to New York

Sat, 25 May 2013 00:01:21 GMT

NEW YORK, May 24 (Reuters) - A U.S-Syrian citizen accused of conspiring with jailed Russian arms dealer Viktor Bout has been extradited to New York from Australia to face charges he conspired to buy aircraft in violation of economic sanctions, federal prosecutors said on Friday.

American Vanadium to sell Gildemeister's storage battery in N.A.

Fri, 24 May 2013 23:49:54 GMT

NEW YORK, May 24 (Reuters) - American Vanadium Corp. announced this week a deal with Gildemeister AG to market and sell the German company's vanadium energy storage battery and create a new power storage market in North America.

UPDATE 3-News Corp to take charge of up to $1.4 bln this quarter

Fri, 24 May 2013 23:46:50 GMT

May 24 (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.

Wall St Week Ahead: Investors look for signs in the rally's break

Fri, 24 May 2013 23:10:18 GMT

NEW YORK, May 24 (Reuters) - The U.S. stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path.

UPDATE 2-French, Niger troops kill Islamists holding out at Niger base

Fri, 24 May 2013 23:09:17 GMT

* Veteran Algerian jihadist Belmokhtar claims Niger attacks

UPDATE 2-Investors boost direct investment in Mexico, cut stocks

Fri, 24 May 2013 22:44:13 GMT

MEXICO CITY, May 24 (Reuters) - A healthy boost in foreign direct investment in the first quarter underscored confidence in Latin America's No. 2 economy even as investment flows into the country's stocks and bonds moderated, central bank data showed on Friday.

Exclusive-'Workplace wellness' fails bottom line, waistlines -RAND

Fri, 24 May 2013 22:34:06 GMT

NEW YORK, May 24 (Reuters) - A long-awaited report on workplace wellness programs, which has still not been publicly released, delivers a blow to the increasingly popular efforts, Reuters has learned, casting doubt on a pillar of the Affordable Care Act and a favorite of the business community.

Petrobras says it has rejected offers for Argentine assets

Fri, 24 May 2013 22:22:09 GMT

RIO DE JANEIRO, May 24 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA said on Friday that its executive directors rejected offers to buy company assets in Argentina.

CORRECTED-Tiger Global invests $50 million in Automattic's WordPress.com

Fri, 24 May 2013 22:01:20 GMT

(Corrects to "automattic" from "wordpress" in second paragraph, name to "Rizvi Traverse" in sixth paragraph, and spelling of name to Mullenweg from Mullen in seventh paragraph)

EMERGING MARKETS-Latam stocks unchanged despite China, Fed worries

Fri, 24 May 2013 22:00:49 GMT

* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa, Mexico IPC flat; Chile IPSA down 0.94 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Latin American stocks were largely flat on Friday despite concerns over weak economic growth in China and a possible winding down of the U.S. Federal Reserve Bank's asset-buying program. Latin American markets also suffered this week on concerns that the Fed might look to end its monetary stimulus program, which has

UPDATE 2-U.S. senator urges 'extreme caution' on SoftBank -Sprint deal

Fri, 24 May 2013 21:48:30 GMT

WASHINGTON, May 24 (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks.

UPDATE 1-PJM capacity auction prices tumble for 2016/2017

Fri, 24 May 2013 21:47:25 GMT

May 24 (Reuters) - U.S. power grid operator PJM said on Friday its capacity auction secured a record amount of new generation and record imports for the 2016/2017 delivery year at much lower prices.

Oklahoma singer Shelton to headline May 29 tornado relief benefit

Fri, 24 May 2013 21:43:41 GMT

LOS ANGELES, May 24 (Reuters) - Oklahoma country singer Blake Shelton said on Friday that he will headline a concert to benefit the victims of the Oklahoma tornado that swept through the city of Moore earlier this week, leaving 24 dead and thousands homeless.

Google to bankroll, build wireless networks across Africa -WSJ

Fri, 24 May 2013 21:41:08 GMT

May 24 (Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday.