Articles tagged with projects
Tue, May 15, 2012
Two more North American LNG export projects planned
By Edward McAllister and Jeffrey Jones
NEW YORK/CALGARY (Reuters) - Energy companies announced two multibillion-dollar North American liquefied natural gas export plants on Tuesday ...
Wed, April 25, 2012
House Republican divide keeps lid on highway projects
By David Lawder
WASHINGTON (Reuters) - Nearly every day, rush-hour traffic backs up for miles on both ends of the overburdened Brent Spence Bridge, which ...
Sun, April 22, 2012
James Cameron eyes co-production projects in China
By Ben Blanchard
BEIJING (Reuters) - "Avatar" and "Titanic" film director James Cameron said on Sunday that he was looking at co-production of films in ...
Fri, April 20, 2012
Public-private deals seen boosting road projects
LAS VEGAS (Reuters) - Financing for roads and highways is likely to attract a growing number of public-private partnerships once Congress passes federal transportation funding ...
Tue, April 17, 2012
U.S. eases Myanmar sanctions to boost NGO projects
WASHINGTON (Reuters) - The U.S. Treasury on Tuesday relaxed sanctions on Myanmar to permit financial transactions to support certain humanitarian and development projects in ...
Wed, March 28, 2012
No Duluth Projects In Senate Bonding Bill
ST. PAUL, MN (KDAL) - The Minnesota State Senate on Wednesday released its proposed bonding bill totaling about 500 million dollars. It is more than ...
Tue, March 20, 2012
Cairn eyes new projects beyond Greenland focus
By Sarah Young
LONDON (Reuters) - British oil explorer Cairn Energy
Mon, March 19, 2012
Disney projects $200 million "John Carter" loss
LOS ANGELES (Reuters) - Walt Disney Co shares fell 1 percent in after hour trading on Monday after the company said it expects mega-budget science-fiction ...
Sat, March 10, 2012
Santorum scores easy win at Kansas caucuses
By Alina Selyukh
TOPEKA, Kansas (Reuters) - Republican presidential hopeful Rick Santorum swept the Kansas caucuses on Saturday with 51 percent of the vote, giving ...
Tue, March 06, 2012
Santorum wins Oklahoma Republican primary: Fox projects
WASHINGTON (Reuters) - Former U.S. Senator Rick Santorum won the Republican presidential primary in Oklahoma on Tuesday, Fox News projected shortly after polls closed ...
Fri, March 02, 2012
Romney builds momentum with easy Washington win
By Ros Krasny
BELLEVUE, Washington (Reuters) - Mitt Romney breezed to an easy victory in the Washington state Republican presidential caucuses on Saturday, earning another ...
Sun, February 19, 2012
Bahrain bankers relieved, eye infrastructure projects
By Andrew Hammond
MANAMA (Reuters) - Bahraini bankers expressed relief on Sunday that the February 14 anniversary of last year's democracy uprising passed without ...
Thu, February 09, 2012
Historical Grants Announced For Duluth Projects
ST. PAUL, MN (KDAL) - Several Duluth projects are included in 3.8 million dollars in grants from the Minnesota Historical Society. The grants are ...
Fri, February 03, 2012
USDA awards $40 million grants to boost local farm/food projects
By Christine Stebbins
CHICAGO (Reuters) - The U.S. Agriculture Department on Friday awarded $40.2 million in grants to farmers, ranchers and farmer-controlled rural ...
Mon, January 30, 2012
WITC Students Take Projects To State Capitol
MADISON, WI (KDAL) - WITC Superior students are taking their college and community-related accomplishments to the State Capitol on Tuesday. The four students will be ...
Fri, January 27, 2012
Romney, in comeback, has narrow Maine caucus win
By Ros Krasny
PORTLAND, Maine (Reuters) - Republican presidential front-runner Mitt Romney grabbed back some momentum after midweek losses in three states, scoring a narrow ...
Wed, January 25, 2012
Abu Dhabi further delays Louvre, Guggenheim projects
ABU DHABI (Reuters) - Abu Dhabi is once again pushing back the opening of local branches of the Louvre and Guggenheim art museums, after a ...
Tue, January 24, 2012
Abu Dhabi resumes Louvre, Guggenheim projects
ABU DHABI (Reuters) - Abu Dhabi has approved a raft of projects including the delayed branches of the Louvre and Guggenheim museums after a review ...
Tue, January 10, 2012
Romney wins New Hampshire primary, CNN projects
MANCHESTER, New Hampshire (Reuters) - Former Massachusetts governor Mitt Romney won the New Hampshire Republican U.S. presidential primary on Tuesday by a comfortable margin ...
Thu, January 05, 2012
Lilly projects sharp drop in 2012 profit
By Lewis Krauskopf
(Reuters) - Eli Lilly & Co forecast a sharp plunge in profits for 2012, the first full year its top-selling Zyprexa schizophrenia treatment faces generic competition, and its shares fell as much as 3.6 percent.
Like other drugmakers, Lilly is facing patent expirations on its most important medicines, leading generic competitors to erode billions of dollars in revenue. But unlike rivals such as Pfizer Inc, Lilly is not significantly cutting spending, including on research, in order to shore up profits.
The Indianapolis-based company said it will maintain or even slightly increase its investment in research and development this year compared with 2011, while spending on sales and administration in 2012 would be higher than what analysts generally expected.
Chief Financial Officer Derica Rice told analysts on a conference call that Lilly had pared down costs for several years to prepare for the Zyprexa patent expiration, including cutting more than 7,000 jobs since 2004. The company does not plan any additional major restructuring, he said.
"Having substantially reduced our infrastructure, we are positioned to fund the R&D that will drive our future growth" Rice said.
The company projected earnings of $3.10 to $3.20 per share for 2012. Analysts' average forecast is $3.61, according to Thomson Reuters I/B/E/S.
For 2011, Lilly said it expects to meet or exceed its previous profit forecast of $4.30 to $4.35 per share excluding one-time items. Including items, it expects $3.84 to $3.89 per share.
Zyprexa, a $4.5 billion-a-year product, began facing U.S. competition in October from low-cost generic versions. Lilly's Cymbalta antidepressant, with $4 billion in annual sales, goes generic in mid-2013, and generic forms of its Evista osteoporosis drug arrive in 2014.
DIFFERENT THAN RIVALS
Chief Executive John Lechleiter has vowed to remain independent through the three-year patent cliff, rather than merging with another big drugmaker to cushion the generic blows. He has defended his stance on R&D spending as necessary to usher in a new era of innovative medicines.
Deutsche Bank analyst Barbara Ryan said Lilly's spending levels were "inconsistent" with rivals, so investors should not expect other drugmakers to issue similarly disappointing forecasts.
Lilly said it had 12 drugs in late-stage, Phase III clinical studies, exceeding its goal of having 10 at that stage by the end of 2011.
"Today's guidance reaffirms the ongoing earnings pressure to Lilly's results over next few years ... at a time when the company simultaneously needs to invest heavily in its pipeline," JPMorgan analyst Chris Schott said in a research note.
Lilly stood by its previous forecast for net income of at least $3 billion on revenue of at least $20 billion each year through 2014.
For 2012, Lilly said it expects revenue of $21.8 billion to $22.8 billion. That would be a significant drop from the $24.2 billion analysts are looking for in 2011.
Lilly expects Zyprexa sales to decline by more than $3 billion, which will be somewhat offset by growth in products such as Cymbalta, erectile dysfunction drug Cialis and its Humalog and Humulin insulins.
Overall operating expenses will stay "essentially flat" in 2012, Lilly said. R&D spending will stand at $5 billion to $5.3 billion in 2012, the company said, which will be flat or slightly higher than in 2011.
Wall Street is eagerly awaiting late-stage results for Lilly's experimental Alzheimer's disease drug, solanezumab, which could be a huge seller. But many analysts doubt the product will prove effective.
A panel of outside safety experts overseeing the Phase III trial for solanezumab will meet later this month and the company said it plans to provide an update at the end of January.
JPMorgan's Schott earlier this week projected that Lilly's earnings per share would decline 5 percent a year on average through 2017.
Lilly shares were down 1.9 percent at $39.93 at midday on the New York Stock Exchange, off an earlier low at $39.25.
(Reporting By Lewis Krauskopf in New York; Editing by Michele Gershberg, John Wallace and Matthew Lewis)
Tue, December 20, 2011
Google, KKR to invest in California solar projects
(Reuters) - Google Inc and KKR & Co have agreed to acquire solar photovoltaic projects in California from Recurrent Energy.
The portfolio of projects is financed with a combination of debt and equity, the companies said in a statement.
Recurrent Energy is a U.S. subsidiary of Japan's Sharp Corp.
(Reporting by Vaishnavi Bala in Bangalore; Editing by Joyjeet Das)
Mon, October 24, 2011
Carey Mulligan Lines Up Two Big Projects
Carey Mulligan has landed the lead-female role in the Coen brothers' next movie, and she reportedly might be close to doing the same for ...
Sun, October 23, 2011
Carey Mulligan Lines Up Two Big Projects
Carey Mulligan has landed the lead-female role in the Coen brothers' next movie, and she reportedly might be close to doing the same for ...
Sat, October 22, 2011
Carey Mulligan Lines Up Two Big Projects
Carey Mulligan has landed the lead-female role in the Coen brothers' next movie, and she reportedly might be close to doing the same for ...
Fri, September 30, 2011
Red tape slows dozens of infrastructure projects
* High priority proposals due to White House Friday
* Environmental permitting eyed, financing must be secure
By John Crawley
WASHINGTON (Reuters) - Dozens of infrastructure projects ...
Mon, September 19, 2011
Nigel Lythgoe Lining Up Kim Kardashian, More for Reality Projects
With her E! reality projects basically on autopilot, Kim Kardashian is reportedly developing a new unscripted series with American Idol executive producer Nigel Lythgoe ...
Sun, September 18, 2011
Nigel Lythgoe Lining Up Kim Kardashian, More for Reality Projects
With her E! reality projects basically on autopilot, Kim Kardashian is reportedly developing a new unscripted series with American Idol executive producer Nigel Lythgoe ...
Sat, September 17, 2011
Nigel Lythgoe Lining Up Kim Kardashian, More for Reality Projects
With her E! reality projects basically on autopilot, Kim Kardashian is reportedly developing a new unscripted series with American Idol executive producer Nigel Lythgoe ...
Fri, September 16, 2011
Nigel Lythgoe Lining Up Kim Kardashian, More for Reality Projects
With her E! reality projects basically on autopilot, Kim Kardashian is reportedly developing a new unscripted series with American Idol executive producer Nigel Lythgoe ...
Wed, August 24, 2011
D23: Pixar Announces Two New Feature Projects
After the major critical and box-office success of writer-director Christopher Nolan's Inception, an intricate leap into the human subconscious disguised as an intense ...
Tue, August 23, 2011
D23: Pixar Announces Two New Feature Projects
After the major critical and box-office success of writer-director Christopher Nolan's Inception, an intricate leap into the human subconscious disguised as an intense ...
Fri, August 19, 2011
NY-NJ Port Authority cuts $5 billion of projects
NEW YORK (Reuters) - The Port Authority of New York and New Jersey on Friday slashed about $5 billion in capital spending, shrinking the 10-year ...
Wed, August 10, 2011
China freezes new railway projects after high-speed train crash
BEIJING (Reuters) - China plans to suspend new railway project approvals and launch safety checks on existing equipment to address growing public concern following a ...
Mon, August 08, 2011
Gellar chooses TV projects for motherhood
The Buffy the Vampire Slayer star wed Freddie Prinze, Jr. in 2002 and they welcomed their daughter, Charlotte Grace, in 2009.
Gellar hasn't ...
Sun, August 07, 2011
Gellar chooses TV projects for motherhood
The Buffy the Vampire Slayer star wed Freddie Prinze, Jr. in 2002 and they welcomed their daughter, Charlotte Grace, in 2009.
Gellar hasn't ...
Sat, August 06, 2011
Gellar chooses TV projects for motherhood
The Buffy the Vampire Slayer star wed Freddie Prinze, Jr. in 2002 and they welcomed their daughter, Charlotte Grace, in 2009.
Gellar hasn't ...
Thu, July 28, 2011
Shell, rivals tackle lower output as profits soar
By Tom Bergin
LONDON, Jul (Reuters) - Royal Dutch Shell Plc
Tue, June 14, 2011
Google, SolarCity launch fund for solar projects
NEW YORK (Reuters) - Google and solar power company SolarCity formed a partnership to create a new $280 million fund designated for residential solar projects ...
Sun, June 12, 2011
Dubai cancelled over 200 property projects: prospectus
DUBAI (Reuters) - Dubai's real estate watchdog canceled as many as 217 registered property projects over the past two years after the burst of ...
Tue, May 17, 2011
Massachusetts may only pay fruitful social projects
NEW YORK (Reuters) - Massachusetts might require nonprofits it contracts with to tackle social ills such as homelessness to first obtain private funding, with state ...
Mon, May 09, 2011
Jay Baruchel Commits To Two More Writing Projects
So apparently, Jay Baruchel likes to write. According to The Hollywood Reporter, the actor -- who's probably best known as that dude having panic ...
Thu, April 21, 2011
BP to provide $1 billion for oil spill projects
WASHINGTON (Reuters) - BP Plc has agreed to provide $1 billion for projects in the Gulf of Mexico to restore natural resources damaged by last ...
Fri, April 01, 2011
Two More Wind Farm Projects Scrapped
CHILTON, Wis. (WTAQ) - Wisconsin is losing two more wind energy projects.
Midwest Wind Energy of Illinois says it’s scrapping plans to build a ...
Fri, March 18, 2011
Peter Pan projects infiltrating Hollywood
By Borys Kit
LOS ANGELES (Hollywood Reporter) - There must be fairy dust floating above Hollywood.
The recent rush of Peter Pan film projects hitting ...
Mon, January 31, 2011
Chrysler projects profitable 2011 ahead of IPO
By Deepa Seetharaman
DETROIT (Reuters) - Chrysler Group LLC forecast a profit for 2011 ahead of an initial public offering set for the second half ...
Mon, January 17, 2011
Frances McDormand Jumps To Producer Role With Two Projects
In the most exciting news of your day, Frances McDormand has decided to become a producer by setting up a TV series at HBO ...
Mon, January 03, 2011
U.S. to ease requirements on some deepwater projects
By Ayesha Rascoe
WASHINGTON (Reuters) - The Obama administration on Monday eased new environmental barriers to some oil and gas deepwater projects, but companies will ...
Fri, December 17, 2010
Tech hopeful projects gadget success in 2 years
By Saqib Iqbal Ahmed
BANGALORE (Reuters) - Which Redmond, Washington-based technology company, its name starting with "Micro," is looking to make waves in the world ...
Wed, December 15, 2010
Dems: How Will Gov-Elect Walker Pay For Smaller Rail Projects
MADISON, Wis. (WTAQ) - The political pot continues to stir over the now-defunct plan to build a high-speed train from Milwaukee to Madison.
Assembly Democrat ...
Wed, December 15, 2010
Nearly $1 billion sought for pet transport projects
By John Crawley and Lisa Lambert
WASHINGTON (Reuters) - Members of Congress are seeking nearly $1 billion in funding for pet transportation projects in a ...
Wed, December 15, 2010
Granholm Announces More Brownfield Redevelopment Projects
(Lansing, MI) -- Governor Granholm said nearly three-thousand jobs will be created or saved through brownfield redevelopment projects and business expansions announced Tuesday. Eleven brownfield ...
Tue, November 02, 2010
Democrat Manchin wins West Virginia Senate seat, NBC projects
WASHINGTON (Reuters) - Democrat Joe Manchin won the Senate race in West Virginia on Tuesday, beating back a late surge by Republican rival John Raese ...
Wed, October 06, 2010
Duluth Street Projects Wrapping Up
Two Duluth street projects are wrapping up this week. Starting Wednesday, Woodland Avenue between St. Marie Street and the Arrowhead Road will be fully ...
Fri, September 03, 2010
Road Projects Halt For Holiday
(Undated) -- There's at least some good news for motorists dealing with Minnesota's construction zones this Labor Day weekend: Crews in most areas ...
Thu, September 02, 2010
New Fiber Line Projects For Duluth
Three different projects that will bring fiber optic cables into Duluth have been announced. Federal money was awarded to Enventis to build 428 miles ...
Thu, September 02, 2010
Duluth Heights Water Projects Begin This Month
Two major construction projects to improve the water delivery system for businesses and residents in the Upper Piedmont, Duluth Heights, airport and mall locations ...
Fri, July 30, 2010
Area Projects In Appropriations Bill
Several projects in northeastern Minnesota are included in the appropriations bill that funds national transportation and housing programs. The 67 billion dollar bill includes ...
Sat, July 10, 2010
BP spill won't affect Iraq projects: oil minister
By Ahmed Rasheed
BAGHDAD (Reuters) - Iraq's oil minister said on Saturday he sees no impact from the massive oil spill at a BP ...
Mon, June 28, 2010
Obama plan boosts foreign, private space projects
By Irene Klotz
CAPE CANAVERAL, Florida (Reuters) - The Obama administration on Monday outlined a space policy that offers an expanded role for foreign governments ...
Sat, June 26, 2010
Dubai ruler says will go ahead with all projects-CNN
DUBAI (Reuters) - Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast ...
Wed, June 16, 2010
Toyota revives Brazil and U.S. plant projects: report
TOKYO (Reuters) - Toyota Motor Corp is set to resume construction of car assembly plants in Brazil and Mississippi which were put on hold amid ...
Wed, June 02, 2010
Xstrata threatens to scrap Australia projects over tax
By Mark Bendeich and Bruce Hextall
SYDNEY (Reuters) - Global miner Xstrata threatened to scrap $5.4 billion in Australian coal and copper projects, blaming ...
Tue, June 01, 2010
Group: Congress' Pork Projects Down 15%
WASHINGTON D.C. (WTAQ) - Washington’s pork is a little leaner this year. The Citizens Against Government Waste said Congress approved 9,100 projects ...
Sun, May 23, 2010
Rio Tinto reviews all projects under worst-case tax plan
SYDNEY (Reuters) - Global miner Rio Tinto <RIO.AX><RIO.L> is reviewing all capital spending plans in light of the Australian government's proposed ...
Sun, May 16, 2010
BHP wants tax rise to exclude existing projects
SYDNEY (Reuters) - The chairman of BHP Billiton Ltd/Plc <BHP.AX><BLT.L> on Monday called for proposed Australian tax reform targeting mining companies ...
Tue, May 11, 2010
Gates backs 78 new projects for health innovation
LONDON (Reuters) - Efforts to develop a vaccine triggered by human sweat, and to control mosquitoes using carnivorous plants, were among 78 science projects that ...
Mon, May 10, 2010
Gates backs 78 new projects for health innovation
LONDON (Reuters) - Efforts to develop a vaccine triggered by human sweat, and to control mosquitoes using carnivorous plants, were among 78 science projects that ...
Fri, April 09, 2010
Financing Secured for Two Downtown Green Bay Redevelopment Projects
GREEN BAY, Wis. (WTAQ) - A major downtown Green Bay redevelopment project gets the green light for construction. WaterMark and River Center have been stalled ...
Wed, April 07, 2010
State Road Construction Program Includes Some Duluth Area Projects
Duluth, Mn (KDAL) The Minnesota Department of Transportation has announced its 2010 road construction program. This year will see 283 projects totaling 1.3 ...
Tue, March 16, 2010
Most Duluth Projects Survive Vetoes
Although Minnesota Governor Tim Pawlenty eliminated about 320 million dollars worth of projects from the bonding bill, the top priorities for Duluth survived. Included ...
Fri, March 12, 2010
Duluth Projects Await Governor's Action
Duluth, Mn (KDAL) The Minnesota House and Senate have passed a billion dollar bonding bill that contains many projects that will impact the Duluth ...
Thu, March 11, 2010
"Avatar" makers consider sequel, other 3D projects
By Tova Cohen
TEL AVIV (Reuters) - Hollywood producer Jon Landau said on Sunday he and director James Cameron were considering a sequel to 3D ...
Thu, December 17, 2009
Dubai projects go ahead as officials visit U.S.
For more stories on the Dubai crisis
DUBAI (Reuters) - As Dubai developers reassured the world their ambitious construction projects would go ahead, officials from ...
Tue, October 20, 2009
NY "mega" transit projects run late, cost too much
By Joan Gralla
NEW YORK (Reuters) - Only one of five "mega" mass transit projects in New York City is on schedule and all five ...
Sat, September 19, 2009
Russia may ease foreign access to energy projects
By Gleb Bryanski
SOCHI, Russia (Reuters) - Russia will discuss relaxing laws regulating foreign participation in offshore energy projects to attract investment from abroad, Natural ...
Tue, September 08, 2009
Hon Hai using ARM chips in low-cost PC projects
TAIPEI (Reuters) - Taiwan's top electronics parts maker Hon Hai said on Tuesday it had several projects to build low-cost PCs using UK-listed chip ...
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