SINGAPORE, April 15 (Reuters) – The benchmark Straits Times
Index .FTSTI was down 2.06 percent as of 0130 GMT on
Wednesday.
The following stocks were on the move:
** SEMBCORP MARINE FALLS ON ORDER CANCELLATION FEARS **
Shares of Sembcorp Marine (SembMarine) (SCMN.SI), the
world’s No. 2 oil-rig builder, fell as much as 9.4 percent on
Wednesday after it said a large customer had been placed under
provisional liquidation.
The customer, Cayman Islands-based PetroProd Ltd, had
placed orders worth over $500 million with the Singapore firm,
according to the Business Times.
Goldman Sachs reiterated on Wednesday its “conviction sell”
on SembMarine, citing the risks of order renegotiation and
cancellations. According to Goldman, PetroProd and related
firms account for nearly a quarter of the Singapore firm’s
order book.
Sembcorp Marine last traded at S$2.07, down 7.2 percent.
Rival Keppel Corp (KPLM.SI), the world’s largest rigbuilder,
fell 1.4 percent.
0130 GMT
(Reporting by Kevin Lim; Editing by Muralikumar
Anantharaman)

NYT wins five Pulitzers
New York, Apr.21 (ANI): The New York Times picked up five Pulitzer Prizes today, the most of any publication.
Times reporter David Barstow won the Investigative prize for his report on the relationship between the Pentagon and TV military analysts.
The Times also won staff awards for Breaking News in covering the Eliot Spitzer scandal – which included as many as 25 reporters – and International for political fallout in Afghanistan and Pakistan. Art critic Holland Cotter won for Criticism, and Damon Winter took the prize for Feature Photography.
The St. Petersburg Times won two awards: National Reporting (for PolitFact) and Feature Writing (Lane DeGregory).
The Washington Post, after picking up six last year, took home one award – Eugene Robinson for Commentary.
Other awards went to the Las Vegas Sun (Public Service) Los Angeles Times (Explanatory Reporting); Detroit Free Press (Local Reporting); Mark Mahoney of The Post-Star, Glens Falls, N.Y. (Editorial Writing); Steve Breen of The San Diego Union-Tribune (Editorial Cartooning); and The Miami Herald’s Patrick Farrell (Breaking News Photography).
Newsweek editor Jon Meacham won the Biography award for his book “American Lion: Andrew Jackson in the White House.”
The rest of Letters, Drama and Music were as follows: “Olive Kitteridge” by Elizabeth Strout (Fiction); “Ruined” by Lynn Nottage (Drama); “The Hemingses of Monticello: An American Family” by Annette Gordon-Reed (History); “The Shadow of Sirius” by W.S. Merwin (Poetry); “Slavery by Another Name: The Re-Enslavement of Black Americans from the Civil War to World War II” by Douglas A. Blackmon (General Nonfiction); and “Double Sextet” by Steve Reich, premiered March 26, 2008, in Richmond, Va. (Music). (ANI)