Monday, March 7, 2011

Oil jumps above $106 amid fierce Libya fighting

Benchmark crude for April delivery was up $1.69 to $106.11 a barrel, the highest since September 2008, at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract gained $2.51 to settle at $104.42 a barrel on Friday.

In London, Brent crude for April delivery was up $1.23 to $117.20 a barrel on the ICE Futures exchange.

Over the weekend, supporters and opponents of Libyan leader Moammar Gadhafi fought in several cities, heightening fears that the country is headed for a protracted civil conflict. Libya's oil output has fallen by at least 1 million barrels per day from 1.6 million since the uprising began last month.

Citigroup said it raised its 2011 average forecast for Brent crude to $105 from $90, but doesn't expect this year's violent protests in North Africa and the Middle East to spread to Snewsmatic.com">audi Arabia, the world's largest oil exporter.

"We assume that output disruption is maintained through the second quarter," Citigroup said in a report. "Output disruption, or at least the threat of, will support a fear premium for the rest of 2011."

In other Nymex trading in April contracts, heating oil rose 2 cents to $3.11 a gallon, and gasoline gained 3 cents to $3.08 a gallon. Natural gas futures were down 4.1 cents at $3.77 per 1,000 cubic feet.


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FIFA pledges action on match-fixing threat

FIFA President Sepp Blatter pledged tighter monitoring of referees' assignments as investigations continue into two suspect exhibition games played in Turkey.

"There will be new regulations for these international matches which are mostly ... organized only for betting reasons," Blatter said. "Football is a victim of our popularity but we have to protect the game."

Organizers of exhibition matches — for national or club teams — will need to submit referees' names for approval two months before kick off, FIFA secretary general Jerome Valcke said.

FIFA and its confederations will have veto power "if we have any reason to think that the referee is not the right referee to be on such a game," Valcke said.

FIFA is investigating a Feb. 9 doubleheader arranged by a Thai-based company in which all seven goals were scored from penalty kicks awarded by low-ranked Hungarian match officials. Latvia beat Bolivia 2-1 and Estonia tied 2-2 with Bulgaria.

National team officials had alerted FIFA and the Union of European Football Associations two weeks earlier after the company refused to provide referees' details. The teams were advised to play in a near-empty Antalya stadium with meager television coverage.

Hungary's soccer federation has since suspended the match officials.

Valcke said FIFA also investigated a game between Bahrain and a fake Togo team last September and was aware of other possible fixes involving European referees sent to officiate in South America.

FIFA will propose new statutes governing international matches at national and club level.

Changes to FIFA's official rule book can be agreed at its annual congress, scheduled for June 1 in Zurich.

FIFA also is backing International Olympic Committee efforts to coordinate world sports' crackdown on match-fixing and corrupt betting. Blatter said FIFA legal director Marco Villiger has joined an IOC working group that will submit proposals this year.


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Caterpillar workers approve 6-year contract

The UAW says a majority of members at Caterpillar approved the new six-year contract in voting Sunday. The union did not provide specific numbers on how members voted.

The contract covers about 9,500 hourly production and maintenance workers at Caterpillar facilities in the Illinois cities of Peoria, Aurora, Decatur and Pontiac, and those in York, Pa.; Denver; and Memphis, Tenn.

Neither the company nor the union has released details of the agreement. It expires March 1, 2017.


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Sunday, March 6, 2011

PetTravelCenter.com Carries Comfort Pet Products on Website

PRLog (Press Release)– Mar 06, 2011– PetTravelCenter.com announced today that it will provide California-based Comfort Pet products on its site, including the company's pet beds, mats and pillows.

The Ortho Pet Bed is perfect for pets suffering from arthritis, hip dysplasia or discomforts. The pet bed, made to eliminate pressure points, is suede and sheepskin with orthopedic foam to provide ultimate comfort.

"We are very excited to carry Comfort Pet products on our site," said Tom James, president of PetTravelCenter.com. "All the beds, pillows and mats are convenient for traveling or for home-use, and are a great addition to our product lineup."


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Saturday, March 5, 2011

Kolo Toure suspended after testing positive

City issued a statement Thursday saying "the FA has informed Kolo Toure that an 'A sample' provided by him has tested positive for a specified substance."

The club said Toure has been suspended from all matches "pending the outcome of the legal process."

The World Anti-Doping Agency defines a specified substance as one that is "more susceptible to a credible, non-doping explanation." Its punishment for such a positive test ranges from a warning to a two-year ban.

The 29-year-old Toure joined City from Arsenal in 2009. He was City's captain under former manager Mark Hughes but was replaced as captain this season by Carlos Tevez.

His brother Yaya Toure also plays for City.


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Thursday, March 3, 2011

Mickelson tries to spread news about arthritis

"I thought it might just be wear and tear of the joints over the years," he said.

The scare came a week after the U.S. Open during a family holiday in Hawaii when the pain returned.

"I went and laid down on the couch, and it hurt so bad to move," Mickelson said. "Thereafter, I went to try to play golf and the pain had gone to my shoulder. I couldn't take the club back halfway. And I was concerned about the impact on my golf career."

Mickelson was lucky to detect it early.

He immediately saw a rheumatologist in San Diego, then went to the Mayo Clinic for a second opinion. Both agreed that he had psoriatic arthritis, an autoimmune disease that causes pain, stiffness and swelling around the joints.

Mickelson was able to get on a treatment plan, and he felt good enough to resume his full workouts by November.

But it left a lasting impression, and now Mickelson wants to do his part to help educate others about the disease.

Mickelson has created a partnership with Amgen and Pfizer, Inc. and will launch a public awareness campaign Wednesday called "On Course with Phil." The idea is for people with psoriatic arthritis, rheumatoid arthritis or plaque psoriasis to have it diagnosed early and get on a treatment program that's best for them.

The three-time Masters champion has not signed any endorsement deal, and he said it will not be visible on his bag or other attire. There were will be advertising, along with a website (www.oncoursewithphil.com) in which people can read his story and get information on the disease, from its symptoms to finding the right treatment.

Mickelson said he lost about 20 percent of his strength, along with some swing speed. He said most of the speed has returned, and he hoped to have the rest of it back during the road to the Masters.

It cost him part of his summer, no doubt. He was never in contention at the British Open, and made his move too late to seriously contend at the PGA Championship, where he first revealed he had psoriatic arthritis. He had a chance the second half of the season to go to No. 1 in the world, but he had only one top 10 finish.

Even so, he feels fortunate it wasn't worse.

"He was smart, the fact he recognized something was going on and sought medical attention early," said Christopher Ritchlin of the University of Rochester School of Medicine and Dentistry, who has been studying the diseases for more than 20 years.

Ritchlin said rheumatoid arthritis can be irreversible if left untreated. As for psoriatic arthritis, he said that often gets overlooked because people do not make the connection between stiffness and swelling in the joints and flaky skin from lesions.

"It's a common problem, and Phil can tell his story," Ritchlin said.

He was equally happy that Mickelson helped bring together for the first time the Arthritis Foundation and the National Psoriasis Foundation to form a coalition that can educate people on the disease.

As for Mickelson?

"I'm in a good place now," he said. "I'm able to practice and work out hard. As I've said, my goal is to make this year the kind of year I wanted last year to be. I also want to help other people who have situations similar to mine, because it's very manageable."


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Wednesday, March 2, 2011