Reuters: Industrials

UPDATE 1-Berlin airport opening delayed to March 2013-sources

Wed, 16 May 2012 14:04:37 -0400

BERLIN, May 16 (Reuters) - Berlin's new airport will probably not open before March 2013 because of problems with fire regulations, sources said on Wednesday, further embarrassing authorities who had predicted a three-month delay from the original date of June 3.

Clinton Cards administrators to shut 350 UK stores

Wed, 16 May 2012 14:03:28 -0400

LONDON, May 16 (Reuters) - Administrators for British cards and gifts retailer Clinton Cards said on Wednesday they had decided to shut about 350 stores employing around 2,800 full-time and part-time staff.

Med Crude-CPC hits two year low, Urals strengthen

Wed, 16 May 2012 14:03:06 -0400

LONDON, May 16 (Reuters) - Spot differentials for Kazakhstan's main export crude oil CPC Blend sank to a two-year low on Wednesday, due to depressed naphtha margins while Russian Urals continued to find strength in a tight Mediterranean market. In the Platts window, Gunvor bid for a 100,000 tonne Urals cargo loading June 1-5 up to dated Brent minus $1.45 cif Rotterdam, but no seller emerged. Also in the window, Eni sold an 80,000 tonne cargo of Kazakh CPC Blend to BP at dated Brent min

REFILE-YOUR MONEY-Parents just say 'no' to college tuition

Wed, 16 May 2012 14:02:57 -0400

NEW YORK, May 15 (Reuters) - Tracy Repchuk's three children are 14, 15 and 16, still several years away from college, but she's already got college funding figured out. When they head off to college, Repchuk and her husband will be chipping zero.

Valero: No output impact from Corpus Christi fire

Wed, 16 May 2012 13:58:55 -0400

May 16 (Reuters) - Valero Energy Corp said on Wednesday there was no impact to production from a small fire at its 142,000 barrel-per-day (bpd) Corpus Christi, Texas, refinery.

Hutchison Whampoa go to court to keep Eircom bid alive

Wed, 16 May 2012 13:57:29 -0400

DUBLIN, May 16 (Reuters) - Lawyers for Hutchison Whampoa Ltd made a last ditch attempt to salvage the Hong Kong company's bid for Eircom, the struggling Irish telecoms firm that is to be handed over to its lenders.

Veolia CEO defends utility's overhaul at AGM

Wed, 16 May 2012 13:57:22 -0400

PARIS, May 16 (Reuters) - Veolia Environnement Chairman and Chief Executive Antoine Frerot on Wednesday argued for his plans to overhaul the French utility, asking shareholders to stick with the debt-laden group that should please them again in two years time.

US judge inclined to allow 3 key calls at Gupta trial

Wed, 16 May 2012 13:53:17 -0400

NEW YORK, May 16 (Reuters) - U.S. prosecutors in the insider trading trial of former Goldman Sachs and Procter & Gamble board member Rajat Gupta won a judge's tentative approval on Wednesday to present three telephone call recordings between his onetime friend and convicted hedge fund founder Raj Rajaratnam and two traders.

Canada says gov't mortgage insurance not essential

Wed, 16 May 2012 13:46:55 -0400

OTTAWA, May 16 (Reuters) - Canadian Finance Minister Jim Flaherty said on Wednesday it was possible the government could one day privatize the mortgage insurance business of the state-run federal housing agency, Canada Mortgage and Housing Corp (CMHC).

UPDATE 1-European banks turn up heat on ratings agencies

Wed, 16 May 2012 13:43:35 -0400

FRANKFURT/MILAN, May 16 (Reuters) - Italian banks struck back at credit agencies after Monday's mass downgrade by asking local and European regulators to disregard their credit ratings, while Europe's biggest lenders met to discuss curbing raters' powers.