Saturday, July 31, 2010

Yahoo! News: Health News

Yahoo! News: Health News

Jobs data, earnings latest test for stocks (Reuters)

Posted: 30 Jul 2010 02:46 PM PDT

Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.

Cuomo widens insurer probe with 6 more subpoenas (Reuters)

Posted: 30 Jul 2010 11:32 AM PDT

New York Attorney General Andrew Cuomo attends a news conference in New York in this June 30, 2010 file photo. REUTERS/Mike SegarReuters - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.

BP may sell German gas stations for $2.6 billion: report (Reuters)

Posted: 31 Jul 2010 07:35 AM PDT

Reuters - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.

Citigroup paying $75M to settle civil charges (AP)

Posted: 29 Jul 2010 05:50 PM PDT

A man pictured at a branch of Citibank at the US banking giant Citigroup's world headquarters on Park Avenue, New York, in 2008. Citigroup on Friday said it made a 2.7 billion dollar profit in the second quarter of this year, down nearly 40 percent from the same period last year.(AFP/File/Emmanuel Dunand)AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.

Obama hails news economy growing, wants more (Reuters)

Posted: 30 Jul 2010 01:50 PM PDT

U.S. President Barack Obama prepares to depart Andrews Air Force Base outside Washington, for a day trip to Detroit, July 30, 2010. REUTERS/Larry DowningReuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.

ICICI Bank profit up 17 percent on better loans (AP)

Posted: 31 Jul 2010 04:18 AM PDT

AP - ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy.

IMF lowers Spain growth forecast, warns of 'fragile' rebound (AFP)

Posted: 30 Jul 2010 11:54 AM PDT

People hold Union flags during a demonstration to protest the government austerity cuts in Madrid in June 2010. The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile."

Glimcher offering raises $96M after costs (AP)

Posted: 30 Jul 2010 10:36 AM PDT

AP - Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses.

AP EXCLUSIVE: Salazar tours rigs, keeps drill ban (AP)

Posted: 31 Jul 2010 08:40 AM PDT

The surface blowout preventer on the Rowan Ralph Coffman oil rig is seen as Interior Secretary Ken Salazar tours the rig in the Gulf of Mexico off the coast of Louisiana, Wednesday, July 28, 2010. The House passed a bill to boost safety standards for offshore drilling and remove a liability cap for oil spills Friday, July 30, 2010, but a partisan fight in the Senate will likely delay action on a response to the Gulf oil spill until Congress returns from its summer recess. (AP Photo/Gerald Herbert)AP - The helicopter passes over the blue waters of the Gulf of Mexico — with surprisingly little oil visible on its surface — when out of the sea rises a skyscraper-like structure nearly 350 feet above the waves. The $600 million rig, nearly 100 miles off Louisiana's coast, has a hull larger than a football field and can drill more than 5 miles beneath the ocean floor.

Movie tax cuts 'help struggling California economy' (AFP)

Posted: 31 Jul 2010 08:20 AM PDT

A year-old program granting movie studios tax breaks for filming in California has saved jobs and should yield two billion dollars in direct spending, Governor Arnold Schwarzenegger -- seen here in June -- said.(AFP/Getty Images/Michael Buckner)AFP - A year-old program granting movie studios tax breaks for filming in California has saved jobs and should yield two billion dollars in direct spending, Governor Arnold Schwarzenegger said.

Obama: Detroit auto bailout was unpopular, but it worked (The Christian Science Monitor)

Posted: 30 Jul 2010 02:16 PM PDT

The Christian Science Monitor - President Obama used a visit to Michigan Friday to argue the case that despite its unpopularity, his 2009 bailout of the Detroit auto industry has worked.
Posted by Harshad at 9:08 AM

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