Yahoo! News: Health News

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• Bernanke says recovery softer, Fed to act if needed (Reuters)
• Wall St extends gains, indexes up 1 percent (Reuters)
• Intel warns of revenue shortfall on weak PC demand (Reuters)
• Imports drag second-quarter growth lower (Reuters)
• HP raises 3PAR offer to $2 billion, trumps Dell bid (Reuters)
• Oil prices rally on rising equities, weak dollar (AFP)
• Dollar rises before US growth data (AFP)
• Tiffany 2Q net income rises 19 pct on rising sales (AP)
• British economy steams ahead but derailment looms (AFP)
• Warren Buffett Kills the World's Greatest Investment Meeting (The Motley Fool)
• RI home sales drop, but prices are on the rise (AP)
• Feds to remove temporary cap from Gulf well (AP)
• Swiss halfway done giving UBS account info to US (AP)
• Ford recalls 463,000 Windstar vans (Reuters)
• Pockets of Profit in Health-Care Stocks (BusinessWeek)

Bernanke says recovery softer, Fed to act if needed (Reuters) Posted: 27 Aug 2010 09:01 AM PDT Reuters - U.S. Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed is ready to take further steps if needed to spur slowing growth.

Wall St extends gains, indexes up 1 percent (Reuters) Posted: 27 Aug 2010 08:26 AM PDT Reuters - Stocks extended gains in choppy action on Friday, led higher by materials and energy shares and comments by Federal Reserve Chairman Ben Bernanke that the Fed was ready to take further steps to help the recovery.

Intel warns of revenue shortfall on weak PC demand (Reuters) Posted: 27 Aug 2010 08:29 AM PDT Reuters - Intel Corp on Friday warned that third-quarter revenue could fall short of its own estimates by more than $1 billion on weaker-than-expected demand for personal computers.

Imports drag second-quarter growth lower (Reuters) Posted: 27 Aug 2010 06:48 AM PDT Reuters - Economic growth was revised down to a sluggish 1.6 percent annual rate in the second quarter, dampened by the largest increase in imports in 26 years, the government said on Friday.

HP raises 3PAR offer to $2 billion, trumps Dell bid (Reuters) Posted: 27 Aug 2010 08:38 AM PDT Reuters - Hewlett-Packard Co raised its offer for 3PAR Inc to $2 billion, once again topping Dell Inc's bid and showing it had plenty of ammunition in the bidding war for the data storage company.

Oil prices rally on rising equities, weak dollar (AFP) Posted: 26 Aug 2010 05:04 AM PDT AFP - World oil prices rallied on Thursday, as rising European stock markets and a weak dollar led traders to shrug off a massive increase in US crude reserves, analysts said.

Dollar rises before US growth data (AFP) Posted: 27 Aug 2010 03:49 AM PDT AFP - The dollar rose against the euro and yen on Friday as the market awaited data expected to reveal a sharp slowdown in the US economy.

Tiffany 2Q net income rises 19 pct on rising sales (AP) Posted: 27 Aug 2010 08:56 AM PDT AP - Tiffany & Co.'s second-quarter net income rose 19 percent on higher revenue as shoppers bought more of its high-end jewelry around the world, particularly in Asia and Europe.

British economy steams ahead but derailment looms (AFP) Posted: 27 Aug 2010 08:33 AM PDT AFP - Britain's economy grew at its fastest pace for nine years in the second quarter as construction soared, official data showed on Friday, but it faces a difficult future as spending cuts and tax hikes bite.

Warren Buffett Kills the World's Greatest Investment Meeting (The Motley Fool) Posted: 27 Aug 2010 07:15 AM PDT The Motley Fool - For years, Charlie Munger, Berkshire Hathaway's (NYSE: BRK-A - News; BRK-B) octogenarian co-chairman, has said that Berkshire would one day buy the remaining 20% of Wesco Financial (NYSE: WFC - News) it didn't already own.

RI home sales drop, but prices are on the rise (AP) Posted: 27 Aug 2010 08:41 AM PDT AP - The Rhode Island Association of Realtors is optimistic about the future of the state's housing market despite a steep decline in sales of single-family homes last month.

Feds to remove temporary cap from Gulf well (AP) Posted: 27 Aug 2010 09:15 AM PDT AP - The federal government says it will start work Monday to remove the temporary cap keeping oil from gushing out of BP's blown-out Gulf well so that it can raise a key piece of equipment from the seabed.

Swiss halfway done giving UBS account info to US (AP) Posted: 26 Aug 2010 01:51 PM PDT AP - The Swiss government said Wednesday it has handed roughly half the names of wealthy Americans demanded by Washington to solve a tax evasion dispute involving Switzerland's biggest bank, UBS AG.

Ford recalls 463,000 Windstar vans (Reuters) Posted: 27 Aug 2010 09:02 AM PDT Reuters - Ford Motor Co > is recalling nearly 463,000 Windstar vans from model years 1998 to 2003 in cold-weather U.S. states due to the possibility that the rear axle may fracture due to corrosion, federal regulators reported on Friday.

Pockets of Profit in Health-Care Stocks (BusinessWeek) Posted: 27 Aug 2010 05:08 AM PDT BusinessWeek - Health care has historically been a defensive sector of the stock market. It continues to underperform in an environment in which many would have predicted it would do better. This is because there's a lack of leadership in the household names: Merck , Pfizer , Johnson & Johnson , Medtronic . In the next 6 to 12 months, none of these companies will be in the early phases of -- or about to engage in -- important new product cycles.

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