Industrials, Materials & Utilities

UPDATE 1-Netherlands to postpone opening mail market 8:21am EDT

AMSTERDAM, May 16 (Reuters) - The Dutch government has decided to postpone opening the mail market, previously planned for July 1, because of uncertainties over a level playing field in Germany and mail labour conditions at home, the Economy Ministry said on Friday. Full Article

Malaysian Air, SIA say end Singapore-KL shuttle deal 8:19am EDT

KUALA LUMPUR, May 16 (Reuters) - Malaysian Airline System and Singapore Airlines will scrap from June a deal that allows passengers to go on walk-in flights under a shared shuttle service, the flag carriers said on Friday. Full Article

UPDATE 3-British Energy gets bid approaches, shares jump 8:15am EDT

LONDON, May 16 (Reuters) - The UK's biggest electricity producer, British Energy , has received early stage takeover proposals, it said on Friday, which value it at more than 10.8 billion pounds ($21 billion). Full Article

More Industrials, Materials & Utilities Articles

PG&E Calif. Diablo Canyon 1 reactor at full power 8:09am EDT

NEW YORK, May 16 (Reuters) - PG&E Corp.'s 1,122-megawatt Unit 1 at the Diablo Canyon nuclear power station in California returned to full power early Friday, the U.S. Nuclear Regulatory Commission said in a report. Full Article

PSEG N.J. Salem 2 reactor ramps up to 18 pct 8:03am EDT

NEW YORK, May 16 (Reuters) - Public Service Enterprise Group Inc'S 1,130-megawatt Unit 2 at the Salem nuclear power station in New Jersey ramped up to 18 percent power as of early Friday, the U.S. Nuclear Regulatory Commission said in its daily plant status report. Full Article

Dutch to postpone opening mail market-ministry 7:51am EDT

AMSTERDAM, May 16 (Reuters) - The Dutch government has decided to postpone opening the mail market because of uncertainties over two issues, the Economy Ministry said on Friday. Full Article

Dominion Conn. Millstone 2 reactor climbs to 18 pct 7:49am EDT

NEW YORK, May 16 (Reuters) - Dominion Resources Inc 882-megawatt Unit 2 at the Millstone nuclear power station in Connecticut ramped up to 18 percent power as of early Friday, the U.S. Nuclear Regulatory Commission said in a report. Full Article

Constellation N.Y. Ginna reactor cut to 50 pct power 7:44am EDT

NEW YORK, May 16 (Reuters) - Constellation Energy Group Inc's 498-megawatt Ginna nuclear power station in New York dipped to 50 percent power by early Friday, the U.S. Nuclear Regulatory Commission said in a report. Full Article

UPDATE 1-Pakistani shares close weaker after S&P downgrade 7:28am EDT

KARACHI, May 16 (Reuters) - Pakistani shares ended nearly two percent lower on Friday following a cut in the sovereign credit rating by Standard & Poor's the previous day, dealers said. Full Article

UPDATE 2-ANC pushes for electricity price compromise 7:22am EDT

(Recasts with impasse, adds mining minister, Eskom contract) 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