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Dec 4, 2014

Special Report: Powerful antibiotic for cows often misused by farmers

NEW YORK/ATLANTA (Reuters) – It is one of the most potent antibiotics used by U.S. cattle and dairy farmers, the key component in the top-selling drug line of Zoetis, the world’s largest animal health company.

But the strength of the antibiotic ceftiofur – and the frequency with which it’s being misused on farms across America – has created a threat to human health that may overshadow the drug’s effectiveness, a Reuters examination shows.

Dec 4, 2014

Powerful antibiotic for cows often misused by farmers

NEW YORK/ATLANTA, Dec 3 (Reuters) – It is one of the most
potent antibiotics used by U.S. cattle and dairy farmers, the
key component in the top-selling drug line of Zoetis, the
world’s largest animal health company.

But the strength of the antibiotic ceftiofur – and the
frequency with which it’s being misused on farms across America
- has created a threat to human health that may overshadow the
drug’s effectiveness, a Reuters examination shows.

Nov 17, 2014

Baker Hughes CEO due millions if Halliburton deal closes

HOUSTON, Nov 17 (Reuters) – Martin Craighead, chairman and
chief executive officer of Baker Hughes Inc, stands to
collect millions if Halliburton Co succeeds in its $35
billion takeover and he loses his job, according to regulatory
filings.

Halliburton Chief Executive Officer Dave Lesar will lead the
combined company, which will also retain the Halliburton name.
The deal, announced on Monday, will create an oilfield services
company big enough to compete with larger rival Schlumberger Ltd
.

Sep 15, 2014

FDA has vetted just 7 percent of animal antibiotics for superbug risk

NEW YORK, Sept 15 (Reuters) – Scientists fear the widespread
use of antibiotics on the farm may be a factor in the rise of
“superbugs” – bacteria that grow resistant to drugs, infect
humans and defy conventional medicines.

Amid these concerns, the U.S. Food and Drug Administration
has come under pressure to curb antibiotic use in farm animals.
In 2003, the agency announced plans to evaluate every new animal
drug based on the drug’s potential to create superbugs.

Jun 8, 2014

Detroit rolls dice by relying on casino cash

DETROIT/NEW YORK (Reuters) – Detroit’s reliance on casino cash to help fund a recovery from the city’s historic bankruptcy is a high-risk bet on what is an increasingly shaky source of income.

A trial to approve Detroit’s plan to exit its $18 billion bankruptcy, the largest municipal crash in U.S. history, begins in late July. Flawed revenue projections may undermine its feasibility, creating a key legal hurdle to win approval by the court. On a practical level, a revenue shortfall could knock the city down just as it is getting back on its feet.

Apr 6, 2014

Investor risk rises as energy partnership world gets crowded

HOUSTON/NEW YORK (Reuters) – High-yielding energy partnerships have lured billions in capital from investors in the past few years and the returns have often matched or beaten expectations.

But as riskier kinds of businesses adopt the Master Limited Partnership (MLP) structure, and as interest rates rise, investors are getting a wake-up call about some of the scary stuff lurking in the sector.

Jan 19, 2014

Analysis: U.S. bankers voice new optimism as businesses line up for loans

NEW YORK (Reuters) – Loans to businesses have risen to a record high and bank executives say they are increasingly optimistic about the U.S. economy.

Increasing demand for bank loans often is a prelude to higher economic growth. With the U.S. government budget crisis fixed for now and Europe showing signs of economic recovery, companies feel more comfortable borrowing to invest in machinery, factories, and buildings.

Jan 19, 2014

U.S. bankers voice new optimism as businesses line up for loans

NEW YORK (Reuters) – Loans to businesses have risen to a record high and bank executives say they are increasingly optimistic about the U.S. economy.

Increasing demand for bank loans often is a prelude to higher economic growth. With the U.S. government budget crisis fixed for now and Europe showing signs of economic recovery, companies feel more comfortable borrowing to invest in machinery, factories, and buildings.

Jan 7, 2014

SandRidge Energy to exit U.S. Gulf in $750 mln deal

Jan 7 (Reuters) – Oil and gas company SandRidge Energy Inc
struck a deal Tuesday to sell its Gulf of Mexico assets
to private equity-backed Fieldwood Energy for $750 million,
ending a brief, much-criticized foray into offshore drilling.

The company bought the Gulf of Mexico assets from Dynamic
Offshore Resources for about $1.2 billion in cash and stock in
April 2012. Fieldwood, owned by private equity firm Riverstone
Holdings LLC, is run by Dynamic’s former management team.

Dec 20, 2013

Activism, economy weighed on M&A in 2013, issues could linger

NEW YORK, Dec 19 (Reuters) – Shareholder activism, economic
uncertainty and regulatory interventions were a drag on mergers
and acquisitions in 2013, and dealmakers cautioned that these
factors could keep growth relatively slow next year.

Global M&A volume fell 2 percent from last year to the
lowest level since 2009, as corporate executives were careful
only to bring deals forward that they felt shareholders would
reward.