Energy

UPDATE 1-Indonesia's Bumi plans $239 mln share buyback 9:18pm EDT

JAKARTA, May 13 (Reuters) - Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Tuesday it plans to buy back up to $238.97 million in shares, representing up to 1 percent of its share capital. Full Article

Indonesia's Bumi plans $239 mln share buyback 8:49pm EDT

PRESS DIGEST - Philippine newspapers - May 13 8:21pm EDT

MANILA, May 13 (Reuters) - These are the leading stories in Manila newspapers on Tuesday. Reuters has not verified these stories. Full Article

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UPDATE 2-Brazil's Petrobras quarterly profit soars 68 pct 7:11pm EDT

RIO DE JANEIRO, May 12 (Reuters) - Brazilian state oil company Petrobras posted on Monday a 68 percent rise in its first-quarter net profit, beating market expectations, on higher oil output and prices of some fuels it sells. Full Article

WRAPUP 1-Fluor profit up, McDermott hampered by weather 6:24pm EDT

HOUSTON, May 12 (Reuters) - Engineering and construction company Fluor Corp reported a better-than-expected quarterly profit and raised its outlook due to a jump in new business, while peer McDermott International Inc had lower earnings as weather disruptions hurt its offshore oil unit. Full Article

BHP unit to buy Canada potash partner for C$284 mln 5:44pm EDT

CALGARY, Alberta, May 12 (Reuters) - BHP Billiton Ltd's Canadian unit has launched a C$284 million ($281 million) friendly takeover bid for Anglo Potash Ltd to gain full control of a partnership to develop a Saskatchewan potash mine, Anglo Potash said on Monday. Full Article

UPDATE 4-Toronto stocks hit record high as EnCana, RIM gain 5:13pm EDT

TORONTO, May 12 (Reuters) - The Toronto Stock Exchange's main index sprung to a record high on Monday, buoyed by EnCana's plan to split itself in two and the release of a new BlackBerry smartphone by Research In Motion . Full Article

UPDATE 1-Exxon lobbies against CEO-chmn split, say on pay 5:11pm EDT

NEW YORK, May 12 (Reuters) - Exxon Mobil Corp is lobbying investors to vote against proposals that advocate separating its top leadership positions and giving shareholders an advisory vote on executive pay. Full Article

Brazil Petrobras quarterly profit rises sharply 4:55pm EDT

RIO DE JANEIRO, May 12 (Reuters) - Brazilian state oil company Petrobras said on Monday its first-quarter net profit rose 68 percent from a year-ago on higher oil output and prices of some fuels it sells. Full Article

New Issue-Petro-Canada sells $1.5 bln 2-pt sr unsec nts 4:45pm EDT

May 12 (Reuters) - Canadian integrated oil and gas company Petro-Canada on Monday sold $1.5 billion of two-part senior unsecured notes, said market sources. Full Article

Market Update

Exchanges and Trading Summit

Execs defend humans in high-tech markets Friday, 9 May 2008 08:04pm EDT

NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article

NASDAQ OMX backs Paulson rules blueprint

New trading platforms challenge LSE