Yahoo! News: Health News

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• Wall St jumps as Republican gains expected (Reuters)
• BP ups spill cost to $40 billion, profits beat forecast (Reuters)
• Pfizer sales lag, hurt by dollar and generic Lipitor (Reuters)
• GM to sell over $13 billion of shares: sources (Reuters)
• WaMu path clearer to bankruptcy exit (Reuters)
• Stocks' week of reckoning arrives (Reuters)
• Australia raises interest rate amid mining boom (AP)
• American Superconductor reports strong fiscal 2Q (AP)
• Retailer Metro posts strong results, raises outlook (AFP)
• The Only Way to Beat Inflation (The Motley Fool)
• U.S. promises air safety measures won't hurt trade (Reuters)
• Warm weather and fewer events to hurt October sales (Reuters)
• Homeownership stays at lowest level in a decade (AP)
• Suspected al-Qaida men bomb Yemen oil pipeline (AP)
• 5 New Economic Battles for Obama (The Daily Beast)
• GM hopes to raise 10 billion dollars in IPO: report (AFP)
• A Beautiful Internship (BusinessWeek)

Wall St jumps as Republican gains expected (Reuters) Posted: 02 Nov 2010 07:28 AM PDT Reuters - Wall Street rose firmly at the open on Tuesday as investors anticipated huge gains by Republicans in the midterm elections, an outcome that is likely to boost stocks and further fuel risk appetite.

BP ups spill cost to $40 billion, profits beat forecast (Reuters) Posted: 02 Nov 2010 07:56 AM PDT Reuters - BP offered investors tentative signs of recovery on Tuesday, with a modest rise in underlying profits, as it increased its estimate of the likely cost of its Gulf of Mexico oil spill to $40 billion.

Pfizer sales lag, hurt by dollar and generic Lipitor (Reuters) Posted: 02 Nov 2010 05:26 AM PDT Reuters - Pfizer Inc reported sales far below Wall Street forecasts on Tuesday, hurt by a stronger dollar, generic competition internationally for cholesterol drug Lipitor and weak revenue in emerging markets.

GM to sell over $13 billion of shares: sources (Reuters) Posted: 01 Nov 2010 04:27 PM PDT Reuters - General Motors plans to sell just over $13 billion of shares in its IPO, people familiar with the matter said, cutting the U.S. government's stake while opening the door for investment by overseas state-backed investors.

WaMu path clearer to bankruptcy exit (Reuters) Posted: 02 Nov 2010 08:49 AM PDT Reuters - Shares of Washington Mutual Inc fell 60 percent on Tuesday after a court-appointed examiner extinguished hopes that stockholders would recover anything in the two-year-old bankruptcy.

Stocks' week of reckoning arrives (Reuters) Posted: 31 Oct 2010 08:58 AM PDT Reuters - The wait is almost over.

Australia raises interest rate amid mining boom (AP) Posted: 02 Nov 2010 02:00 AM PDT AP - Australia's central bank jacked up its key interest rate in a surprise move Tuesday that aims to ward off higher inflation as the nation's economy booms amid strong Asian demand for iron ore and other minerals.

American Superconductor reports strong fiscal 2Q (AP) Posted: 02 Nov 2010 09:27 AM PDT AP - American Superconductor Corp., which makes technologies for the power industry, said Tuesday its fiscal second quarter profit more than doubled as its revenue shot up 36 percent on strong demand from its customers. It raised its guidance for the full year.

Retailer Metro posts strong results, raises outlook (AFP) Posted: 02 Nov 2010 02:36 AM PDT AFP - The German retail giant Metro raised on Tuesday its 2010 profit target following a strong third quarter that saw a pick-up in key eastern European markets.

The Only Way to Beat Inflation (The Motley Fool) Posted: 02 Nov 2010 07:27 AM PDT The Motley Fool - Investors have always looked to protect themselves from the impact of higher prices. When inflation-indexed bonds first came out more than 10 years ago, they filled a huge void for those investors. Yet although their returns are still based on price changes, these investments haven't fulfilled their promise of being a viable way for long-term investors to preserve and build their wealth.

U.S. promises air safety measures won't hurt trade (Reuters) Posted: 02 Nov 2010 08:32 AM PDT Reuters - America's transport watchdog vowed on Tuesday not to slow global trade by piling security measures onto the aviation industry in response to terror threats as air lobby group IATA warned against rash action.

Warm weather and fewer events to hurt October sales (Reuters) Posted: 01 Nov 2010 09:19 PM PDT Reuters - U.S. retailers are poised to report their weakest monthly sales gains in six months as unseasonably warm weather and fewer shopping events hurt demand for fall merchandise in a slowly recovering U.S. economy.

Homeownership stays at lowest level in a decade (AP) Posted: 02 Nov 2010 08:04 AM PDT AP - The nation's homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.

Suspected al-Qaida men bomb Yemen oil pipeline (AP) Posted: 02 Nov 2010 09:32 AM PDT AP - Suspected al-Qaida militants blew up an oil pipeline in southern Yemen on Tuesday, causing an oil leak and sending black smoke billowing into the sky, Yemeni security and oil company officials said. No casualties were reported.

5 New Economic Battles for Obama (The Daily Beast) Posted: 01 Nov 2010 08:38 PM PDT The Daily Beast - Big Republican wins on Tuesday would set up key showdowns between the party and the president on the Bush tax cuts, financial regulation, and health care. Charlie Gasparino on what to expect.

GM hopes to raise 10 billion dollars in IPO: report (AFP) Posted: 02 Nov 2010 07:42 AM PDT AFP - US government-rescued General Motors hopes to raise 10 billion dollars when it relists its stock later this month, The Wall Street Journal reported Tuesday.

A Beautiful Internship (BusinessWeek) Posted: 02 Nov 2010 05:08 AM PDT BusinessWeek - One of the goals I set for myself when I arrived at Northwestern University's Kellogg School of Management (Kellogg Full-Time MBA Profile) was to become a brand manager at a beauty company. I wanted to develop products that would help improve the world. So when I was offered a summer internship as part of the corporate beauty brand management team at Amway, I couldn't help but feel excited, as it was a sign I was getting closer to my goal.

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