Yahoo! News: Health News

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• Nasdaq rises 3 percent as rally accelerates (Reuters)
• Manufacturing grows but private jobs tumble (Reuters)
• Regulators say bank reforms help avoid crises (Reuters)
• Burger King mulls sale: source (Reuters)
• Fuld says government denied Lehman while helping Wall St (Reuters)
• Goldman swims downstream for PetroAlgae IPO (Reuters)
• Instant View: Private sector sheds 10,000 jobs in August (Reuters)
• Summary Box: Brown-Forman net income falls (AP)
• Spain halves deficit with painful austerity cuts (AP)
• Mortgage applications rise 2.7 pct on low rates (AP)
• Regulators defend actions on Lehman, Wachovia (AP)
• Shoe, hat seller Genesco posts wider 2Q loss (AP)
• Banks to allow local groups to buy foreclosures (AP)
• Oil market heads higher on China data (AFP)
• Ahead of the Bell: Construction Spending (AP)
• GM's US sales plunge nearly 25% (AFP)
• Mistakes Millennials Make at Work (BusinessWeek)

Nasdaq rises 3 percent as rally accelerates (Reuters) Posted: 01 Sep 2010 08:19 AM PDT Reuters - Stocks extended broad gains on Wednesday, with the Nasdaq Composite (.IXIC) up 3 percent led by gains in large-cap technology companies.

Manufacturing grows but private jobs tumble (Reuters) Posted: 01 Sep 2010 08:04 AM PDT Reuters - The manufacturing sector grew faster than expected in August, chalking up a 13th straight month of expansion, helping to calm fears that economic growth was stagnating.

Regulators say bank reforms help avoid crises (Reuters) Posted: 01 Sep 2010 07:02 AM PDT Reuters - New powers from the financial reform law will help avoid a repeat of 2008's frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said on Wednesday.

Burger King mulls sale: source (Reuters) Posted: 01 Sep 2010 08:06 AM PDT Reuters - Burger King Holdings Inc has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday, lifting its shares 18.5 percent.

Fuld says government denied Lehman while helping Wall St (Reuters) Posted: 01 Sep 2010 05:09 AM PDT Reuters - U.S. regulators did not grant Lehman Brothers the same assistance as its competitors, knocking out the possibility of an orderly unwind of the firm and aggravating the global crisis, former Lehman Chief Executive Dick Fuld said on Wednesday.

Goldman swims downstream for PetroAlgae IPO (Reuters) Posted: 31 Aug 2010 04:09 AM PDT Reuters - No client is too small for Goldman Sachs Group Inc these days, even a company with no revenue that's owned by a hedge fund specializing in penny stocks.

Instant View: Private sector sheds 10,000 jobs in August (Reuters) Posted: 01 Sep 2010 05:33 AM PDT Reuters - U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in July, a report by a payrolls processor showed on Wednesday.

Summary Box: Brown-Forman net income falls (AP) Posted: 01 Sep 2010 08:47 AM PDT AP - THE QUARTER: Liquor company Brown-Forman Corp. posted a 8 percent drop in first-quarter net income, missing analyst estimates as sales edged up 1 percent on international strength but costs rose.

Spain halves deficit with painful austerity cuts (AP) Posted: 01 Sep 2010 06:05 AM PDT AP - Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts — good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.

Mortgage applications rise 2.7 pct on low rates (AP) Posted: 01 Sep 2010 08:41 AM PDT AP - Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.

Regulators defend actions on Lehman, Wachovia (AP) Posted: 01 Sep 2010 06:02 AM PDT AP - Federal bank regulators are defending their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis.

Shoe, hat seller Genesco posts wider 2Q loss (AP) Posted: 01 Sep 2010 08:13 AM PDT AP - Genesco Inc. said Wednesday its second-quarter loss widened, as the retailer absorbed charges tied to asset impairments, acquisition expenses and flood-related losses in its headquarters city. But its revenue rose, beating Wall Street estimates.

Banks to allow local groups to buy foreclosures (AP) Posted: 01 Sep 2010 07:14 AM PDT AP - Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.

Oil market heads higher on China data (AFP) Posted: 01 Sep 2010 04:33 AM PDT AFP - World oil prices rose on Wednesday, rebounding from sharp losses earlier this week, as traders absorbed upbeat Chinese manufacturing data ahead of the weekly snapshot of US energy inventories.

Ahead of the Bell: Construction Spending (AP) Posted: 01 Sep 2010 06:06 AM PDT AP - Construction spending likely declined in July, reflecting renewed problems in housing since the expiration of government tax credits.

GM's US sales plunge nearly 25% (AFP) Posted: 01 Sep 2010 08:40 AM PDT AFP - General Motors reported Wednesday a nearly 25 percent slump in US sales in August compared to the same month a year earlier.

Mistakes Millennials Make at Work (BusinessWeek) Posted: 01 Sep 2010 05:08 AM PDT BusinessWeek - My previous post here highlighted the smart practices that the digital-native Millennials are bringing to the workplace. Here I want to talk about a couple not-so-smart ones.

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