Exxon shuts pipeline after oil leak offshore Nigeria

ABUJA (Reuters) – Exxon has shut a pipeline off the coast of Nigeria‘s Akwa Ibom state after an oil leak started by an unknown cause, the company’s local unit said on Saturday.The U.S. major’s outage will add to production problems in Africa’s biggest crude exporter, after fellow oil majors Shell and Eni reported recent disruptions at onshore sites due...

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Twin explosions strike southern Syrian city

BEIRUT (AP) — Syria‘s state-run news agency says two large explosions have struck the southern city of Daraa, causing multiple casualties and heavy material damage.SANA did not immediately give further information or say what the target of Saturday’s explosions was. The Britain-based Syrian Observatory for Human Rights...

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The Navy SEALs who shared secrets with video-game makers

After consulting on the new Medal of Honor game, the team of SEALs famous for killing Osama bin Laden finds itself in hot water for divulging military informationThe covert operatives who make up Navy SEAL Team 6 may have captured the nation’s imagination when they took down Osama bin Laden, but now a handful of them are getting a pay cut. According...

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Celgene’s Abraxane improved pancreatic cancer survival in trial

(Reuters) – Celgene Corp said on Friday that a clinical trial of Abraxane, its drug to treat breast and lung cancer, improved survival in patients with pancreatic cancer.The company did not give details of the extent of the improvement, saying it would do so at a medical meeting in January, but said the results were statistically significant. Patients...

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Citigroup’s Pandit receives $15m

9 November 2012 Last updated at 18:51 ETFormer Citigroup chief executive Vikram Pandit, who stood down last month, will get more than $ 15m (£9.4m) as part of a settlement with the banking giant. John Havens, the chief operating officer who resigned at the same time, will receive a similar amount.The payments were disclosed...

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Syria opposition bloc elects Christian as leader

DOHA, Qatar (AP) — Syria‘s main opposition group in exile has elected a Christian Paris-based former geography teacher as its new president.George Sabra said Friday that his election as head of the Syrian National Council is a sign that the opposition is not plagued by sectarian divisions. Sabra says the SNC‘s main demand...

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Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) – Google will increase the cash it allocates to its venture-capital arm to up to $ 300 million a year from $ 200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds.Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which...

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“Dancing” co-host Brooke Burke has thyroid cancer

LOS ANGELES (Reuters) – “Dancing with the Stars” co-host Brooke Burke said on Thursday that she has been diagnosed with thyroid cancer and will need surgery.The television presenter and model said in a three-minute video posted on the website Modernmom.com that she will need her thyroid removed. “I need to have thyroid...

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FDA panel recommends approval of Novo degludec insulin

(Reuters) – An advisory panel to the U.S. Food and Drug Administration on Thursday voted to recommend approval of Danish drugmaker Novo Nordisk‘s new ultra-long-acting insulin degludec, despite signals of possible cardiovascular risk.The panel of outside medical experts unanimously recommended that the company undertake a large study, possibly after the...

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AMR avoids investigation into $2.26 billion debt deals

NEW YORK (Reuters) – Hedge fund Marathon Asset Management has withdrawn a request for an independent investigator to examine the books of American Airlines, a unit of bankrupt AMR Corp, lawyers for the companies said at a hearing on Thursday.The move came after AMR agreed to preserve potential clawback claims relating to debt deals, struck between Marathon...

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