Tuesday, December 21, 2010

Yahoo! News: Health News

Yahoo! News: Health News

Merger action, earnings push stocks higher (Reuters)

Posted: 21 Dec 2010 08:41 AM PST

Traders work on the floor of the New York Stock Exchange December 3, 2010. REUTERS/Brendan McDermidReuters - Stocks rose on Tuesday as solid earnings and a new flurry of merger action laid the foundation for a steady upward trend in the equities market that investors believe will continue.

Ernst & Young sued by NY for fraud over Lehman (Reuters)

Posted: 21 Dec 2010 08:29 AM PST

A view of the Ernst & Young headquarters in New York December 20, 2010. REUTERS/Lucas JacksonReuters - Accounting firm Ernst & Young was sued by New York state prosecutors on Tuesday, accused of helping to hide financial risks at Lehman Brothers Holdings Inc before the Wall Street firm's 2008 collapse.

TD Bank to buy Chrysler Financial for $6.3 billion (Reuters)

Posted: 21 Dec 2010 06:46 AM PST

Reuters - Toronto-Dominion Bank will buy Chrysler Financial from private equity firm Cerberus Capital Management for $6.3 billion, joining the throng of Canadian institutions expanding foreign operations.

Apple TV sales expected to rise to 1 million (Reuters)

Posted: 21 Dec 2010 08:49 AM PST

Apple Chief Executive Steve Jobs introduces programming for Apple TV at Apple's music-themed September media event in San Francisco, California September 1, 2010. REUTERS/Robert GalbraithReuters - Apple Inc expects sales of Apple TV to top 1 million units this week, showing that the device is gaining traction in bringing the Web to TV.

Fed extends USD swaps with major central banks (Reuters)

Posted: 21 Dec 2010 07:39 AM PST

Reuters - The world's major central banks said on Tuesday they would extend emergency supplies of U.S. dollar funding to money markets, in a sign that authorities remain concerned about financial instability as governments grapple with debt problems.

SEC charges ex-Carter's executive with fraud (Reuters)

Posted: 20 Dec 2010 03:40 PM PST

Reuters - A former sales executive at clothing marketer Carter's committed financial fraud by manipulating the amount of discounts granted to one of the company's largest customers, securities regulators alleged in a civil lawsuit on Monday.

Adobe outlook beats forecasts (Reuters)

Posted: 21 Dec 2010 01:46 AM PST

Reuters - Adobe Systems Inc issued an earnings forecast sharply above Wall Street projections, contrasting sharply from a pessimistic outlook three months ago when it was concerned about the weak economy.

Summary Box: Carnival 4Q net income increases (AP)

Posted: 21 Dec 2010 08:24 AM PST

AP - THE RESULTS: Carnival Corp. said that its fourth-quarter net income rose 29 percent to 31 cents per share. Revenue increased 7 percent to $3.5 billion.

EU, EFSF to start raising Irish cash in January (Reuters)

Posted: 21 Dec 2010 07:53 AM PST

Reuters - European rescue funds will start raising cash on the market to help Ireland in January, starting with bonds issued by the European Financial Stability Mechanism, the European Commission said in a statement.

5 Things to Consider for Retirement (U.S. News & World Report)

Posted: 21 Dec 2010 07:23 AM PST

U.S. News & World Report - The most important financial goal is saving for retirement. Unfortunately, no one is going to hand over a hefty bag of cash when you stop working. You can't get a loan or scholarship to pay for your living expenses in your golden years. So it's all up to you. Here are a few things to consider as you're saving and investing for retirement:

Spain raises $5.3 billion in strong debt sale (AP)

Posted: 21 Dec 2010 04:51 AM PST

AP - Spain raised nearly euro4 billion ($5.3 billion) Tuesday in an oversubscribed auction of 3- and 6-month bonds, as Parliament prepared to pass an austere 2011 budget designed to shore up public finances.

Yuletide Fear: Europe cuts back amid Xmas gloom (AP)

Posted: 20 Dec 2010 01:36 PM PST

In this photo taken on Friday, Dec. 17, 2010, a beggar asks for coins near an open air Christmas market in Milan, Italy. This Christmas, Europeans are hunkering down to an uncertain future, as a debt crisis that erupted two years ago in Greece flares anew in Ireland, and has quickly threatened to engulf Portugal, Spain, and Italy. (AP Photo/Luca Bruno)AP - Greeks dodge riots to do their Christmas shopping. Italians planning holiday feasts quietly stuff freezers. And the needy in Ireland are literally selling the family silver.

Mortgage lenders ordered to appear in NJ court (AP)

Posted: 20 Dec 2010 03:23 PM PST

AP - Six lenders who have combined to file nearly 30,000 foreclosure actions in New Jersey this year face the possible suspension of their operations next month under a court order announced Monday by state Supreme Court Chief Justice Stuart Rabner.

Oil prices strike new two-year high (AFP)

Posted: 21 Dec 2010 08:45 AM PST

A worker rides a fork lift among drums of lubricants, 2007. Crude oil hit a two-year peak, boosted by volatile thin trade, the weak dollar and freezing weather in Europe and the United States(AFP/File/Adek Berry)AFP - Oil hit another two-year high on Tuesday in volatile thin trade, boosted by a weak dollar and freezing weather in Europe and the United States, traders said.

New govs take office amid historic budget crisis (AP)

Posted: 20 Dec 2010 11:30 AM PST

FILE - In this Dec. 14, 2010 file photo, California Gov.-elect Jerry Brown is seen at a public discussion of the state budget on the campus of UCLA in Los Angeles. Twenty-six states elected new governors last month — 17 Republicans, 8 Democrats and one independent — and now they are going to have to reconcile their principles and campaign promises with some harsh fiscal realities. Brown, who ardently pursued innovative clean energy and environmental protection programs during his first stint in office, in the revenue-rich 1970s and '80s, will have to figure out this time how to close a budget gap projected at more than $25 billion. (AP Photo, File)AP - New York's incoming governor, Democrat Andrew Cuomo, says he won't raise taxes even though he will inherit a budget deficit of at least $9 billion when he takes office in January. Ohio Republican Gov.-elect John Kasich is promising to cut taxes, despite a shortfall of about $8 billion.

TD Bank to buy Chrysler Financial for $6.3B (AP)

Posted: 21 Dec 2010 08:15 AM PST

FILE - In this Nov. 12, 2009 file photo, a sign for TD Bank is shown in New York. TD Bank Group has agreed to buy Chrysler Financial, the automaker's old lending arm, from private equity firm Cerberus Capital Management LP for $6.3 billion. (AP Photo/Mark Lennihan, file)AP - Toronto-Dominion Bank has agreed to buy Chrysler Financial, the automaker's old lending arm, from private equity firm Cerberus Capital Management LP for $6.3 billion.

Top B-School Stories of 2010 (BusinessWeek)

Posted: 21 Dec 2010 05:08 AM PST

BusinessWeek - For business schools, 2010 was a year of uncertainty, thanks mostly to the lingering effects of the recession.
Posted by Harshad at 9:22 AM

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