Saturday, October 2, 2010

Yahoo! News: Health News

Yahoo! News: Health News

Single trade helped spark May's flash crash (Reuters)

Posted: 01 Oct 2010 08:49 PM PDT

Specialists work on the floor of the New York Stock Exchange May 6, 2010. REUTERS/Lucas JacksonReuters - A computer-driven sale worth $4.1 billion by a single trader helped trigger the May flash crash, setting off liquidity shocks that ricocheted between U.S. futures and stock markets, regulators concluded in a report.

IMF says China policy to help yuan revalue (Reuters)

Posted: 02 Oct 2010 02:35 AM PDT

Yuan banknotes are seen in this picture illustration taken in Beijing September 24, 2010. REUTERS/Petar KujundzicReuters - Policy moves by the Chinese government to free the yuan from a dollar peg will help the Chinese currency rise, Dominique Strauss-Kahn, the head of the International Monetary Fund, said on Saturday.

Microsoft sues Motorola over Android phones (Reuters)

Posted: 01 Oct 2010 03:48 PM PDT

Reuters - Microsoft Corp sued Motorola Inc, alleging patent infringement on the handset maker's line of Android phones, in the latest development in a web of legal actions in the evolving smartphone business.

China's Wen offers to buy Greek debt (Reuters)

Posted: 02 Oct 2010 08:25 AM PDT

Chinese Premier Wen Jiabao inspects guards of honour during his visit in Athens October 2, 2010. REUTERS/John KolesidisReuters - China offered on Saturday to buy Greek government bonds in a show of support for the country whose debt burden triggered a crisis for the euro zone and required an international bailout.

World stocks mostly higher on recovery hopes (AP)

Posted: 01 Oct 2010 09:31 AM PDT

A fellow trader whispers in the ear of John Strazza, left, near the close of trading on the floor of the New York Stock Exchange, Thursday, Sept. 30, 2010, in New York. Stocks are ending a monthlong rally on a weak note, but still chalked up the best September in 71 years. (AP Photo/Richard Drew)AP - World stock markets mostly rose Friday after economic data from the U.S. and China suggested the global recovery will continue, although at a moderate pace.

Summary Box: Gold sets record on weaker dollar (AP)

Posted: 01 Oct 2010 01:34 PM PDT

AP - BETTING ON GOLD: Gold prices settled at a record high of $1,317.80 an ounce amid speculation that the Federal Reserve may take more steps to boost the economy. Many analysts believe the price could continue to rise.

EU opens IMF door to emerging giants (AFP)

Posted: 01 Oct 2010 09:31 AM PDT

Belgian Finance Minister Didier Reynders gives a press on September 7. Europe opened the door Friday to ceding some power to emerging economies at the International Monetary Fund, in a key gesture ahead of a summit with Asian giants and a crunch IMF meeting.(AFP/File/John Thys)AFP - Europe opened the door Friday to ceding some power to emerging economies at the International Monetary Fund, in a key gesture ahead of a summit with Asian giants and a crunch IMF meeting.

Summary Box: Treasurys flat following reports (AP)

Posted: 01 Oct 2010 03:18 PM PDT

AP - INCOME UP: The government reported that personal income rose in August. The good news: the 0.5 percent income gain was the fastest pace in five months. The bad news: nearly half of the increase came from unemployment benefits.

IMF urges cooperation to prevent 'currency war' (AFP)

Posted: 02 Oct 2010 02:48 AM PDT

International Monetary Fund chief Dominique Strauss-Kahn, pictured at a press conference in Brussels on Thursday, has urged major economies to cooperate to prevent global currency war which would risk impeding the recovery from the economic crisis.(AFP/File/Georges Gobet)AFP - The IMF's managing director on Saturday urged major economies to cooperate to prevent global currency war which would risk impeding the recovery from the economic crisis.

BofA suspends foreclosures in 23 states (Reuters)

Posted: 02 Oct 2010 04:07 AM PDT

Reuters - Amid growing public anger over home seizures, Bank of America Corp has suspended some of its foreclosures and JPMorgan Chase & Co has come under investigation in California and Connecticut.

American Bob Dudley succeeds Hayward as BP's CEO (AP)

Posted: 01 Oct 2010 04:00 PM PDT

A cameraman records some images from the window of a Mexican Navy plane as it overflies the Tamaulipas State coastline on May 2010, during an inspection flight for oil spills from the sunk Deepwater Horizon oil rig. Mexico's federal government said Friday it does not plan, for now, to join legal complaints by two of its states to obtain payments over the catastrophic BP oil spill.(AFP/File/Ronaldo Schemidt)AP - They were both pivotal figures following the worst offshore oil spill in U.S. history: one for angering Gulf residents with his ill-conceived comments about wanting his life back and by attending a weekend yacht race, the other for his ubiquitous presence along the crude-stained shores.

Washington wealthy clash over income tax on rich (AP)

Posted: 01 Oct 2010 01:35 PM PDT

Microsoft Corp. founder Bill Gates is seen during his visit with investor Warren Buffett at a Dairy Queen in Beijing, China, Thursday, Sept. 30, 2010. (AP Photo/Alexander F. Yuan)AP - The state that produced America's richest man has never taken a cut of its residents' income. Microsoft Corp. co-founder Bill Gates and his father would like to change that.

Ford CEO sees zero net debt by 2011: report (Reuters)

Posted: 02 Oct 2010 02:14 AM PDT

Reuters - Ford Motor Co plans to repay its net debt by the end of next year and return to an investment grade earlier than expected, Allan Mulally, chief executive of the No. 2 U.S. automaker was quoted as saying on Saturday.
Posted by Harshad at 9:22 AM

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