Friday, December 24, 2010

Yahoo! News: Health News

Yahoo! News: Health News

Global stocks and oil rise in festive cheer (Reuters)

Posted: 24 Dec 2010 05:41 AM PST

Traders work on the floor of the New York Stock Exchange on December 21, in New York City. Fresh data on Thursday showed the US economy limping toward the end of 2010, its fitness much improved over last year, but with the recovery still hobbled by high unemployment and weak demand.(AFP/Getty Images/File/Spencer Platt)Reuters - World stocks held near the previous day's two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011.

Oil near 2-year high on cold, risk appetite (Reuters)

Posted: 24 Dec 2010 07:16 AM PST

Vehicles travel on the snow-covered E411 highway near Wavre, Belgium December 24, 2010. REUTERS/Thierry RogeReuters - Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.

UK small caps close flat (Reuters)

Posted: 24 Dec 2010 04:58 AM PST

Reuters - The FTSE Small Cap index (.FTSC) were steady after the half-day trading session on Christmas Eve, underperforming the 0.2 percent gain on the blue chip index (.FTSE), while the midcaps (.FTMC) fell 0.7 percent.

No sign of OPEC concern with oil heading for $100 (Reuters)

Posted: 24 Dec 2010 06:46 AM PST

In this Wednesday Nov. 17, 2010 photo Chinese technicians man drilling equipment on an oil rig in Paloich, southern Sudan. Sudan's oil industry may soon see a major shake-up. Southern Sudan holds an independence referendum in January that is likely to see the creation of the world's newest country. Sudan is sub-Saharan Africa's third-largest oil producer, behind Nigeria and Angola. It produced 490,000 barrels of oil a day last year. Most of the oil is in the south. But the pipelines run through the north. China's interest here is high. Six government officials from the south's oil producing region flew to China earlier in the fall, and analysts say China is trying to improve ties with the south and maintain them with the north. ( AP Photo/Pete Muller)Reuters - Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.

FTSE boosted by energy sector (AFP)

Posted: 23 Dec 2010 09:40 AM PST

London's main stock market was little changed on Thursday, ahead of the Christmas break, as investors assessed modest overnight gains on Wall Street and a mixed performance in Asia.(AFP/File/Shaun Curry)AFP - London's main stock market rose on Thursday, ahead of the Christmas break, with the energy sector boosted as oil prices forged two-year highs this week.

Obama to re-nominate Nobel Prize winner to Fed (AP)

Posted: 23 Dec 2010 12:19 PM PST

AP - President Barack Obama will resubmit the failed nomination of a Nobel Prize-winning economist to the Federal Reserve, even though he faces even stronger opposition from the next Congress.

Assange's accusers are WikiLeaks fans, lawyer says (AP)

Posted: 24 Dec 2010 05:37 AM PST

FILE - In this Wednesday, Dec. 8, 2010 file photo, Claes Borgstrom, lawyer for the two women who claim to have been sexually assaulted by WikiLeaks founder Julian Assange in Sweden in August, talks to media at his office in Stockholm. The Swedish women accusing Julian Assange of sex crimes are not pawns of the CIA, nor do they hunger for revenge or money. They just seek justice for a violation of their 'sexual integrity,' their lawyer said. laes Borgstrom, a self-professed feminist who for seven years was Sweden's ombudsman for gender equality, told The Associated Press he finds it 'very upsetting' that Assange, his lawyers and supporters suggest the case amounts to a smear campaign against the secret-spilling website. (AP Photo/Anders Wiklund, File) SWEDEN OUTAP - The two Swedish women accusing Julian Assange of sex crimes are supporters of WikiLeaks, not pawns of the CIA, and they simply seek justice for a violation of their "sexual integrity," their lawyer says.

GE Capital sells $2B Mexican mortgage portfolio (AP)

Posted: 24 Dec 2010 08:55 AM PST

AP - GE Capital is selling a Mexican consumer mortgage business that includes a $2 billion mortgage portfolio to Grupo Financiero Santander Mexico.

Russia, worried by inflation, hikes deposit rates (Reuters)

Posted: 24 Dec 2010 07:29 AM PST

Reuters - Russia's central bank raised interest rates on its deposit operations on Friday to contain surging inflation, its first step away from the loose policy implemented after the financial crisis hammered the Russian economy.

Holiday shopping by the numbers (AP)

Posted: 24 Dec 2010 07:34 AM PST

AP - Shoppers came back big this holiday season, driving spending that's expected to approach the 2007 record. Some facts and figures on holiday shopping:

Spending Picks Up, Durables Data Solid, Housing Still Soft (Investor's Business Daily)

Posted: 23 Dec 2010 04:00 PM PST

Investor's Business Daily - Consumer spending and new-home sales rose last month while orders for big-ticket goods fell, according to separate reports Thursday, suggesting the economy will continue to improve gradually.

Oil hits new 26-month high point (AFP)

Posted: 24 Dec 2010 04:49 AM PST

Oil prices hit another 26-month peak on Friday, lifted by freezing weather and upbeat US data, before pulling lower on profit-taking before the Christmas and New Year break.(AFP/Kenzo Tribouillard)AFP - Oil prices hit another 26-month peak on Friday, lifted by freezing weather and upbeat US data, before pulling lower on profit-taking before the Christmas and New Year break.

New tax law packed with obscure business tax cuts (AP)

Posted: 24 Dec 2010 08:41 AM PST

FILE - In this Dec. 17, 2010 file photo, President Barack Obama, joined by Republican and Democratic lawmakers, signs the bipartisan tax package that extends tax cuts for families at all income levels, during a signing ceremony at the Eisenhower Executive Office Building on the White House complex in Washington. The massive new tax law signed by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands. (AP Photo/J. Scott Applewhite, File)AP - The massive new tax bill signed into law by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands.

Toyota aims to lower break-even point for Japan operations (Reuters)

Posted: 24 Dec 2010 12:51 AM PST

An employee walks at Toyota Motor Corp's showroom in Tokyo November 5, 2010. REUTERS/Toru HanaiReuters - Toyota Motor Corp (7203.T) is aiming to significantly lower the break-even point for its Japanese operations through a slew of improved manufacturing processes, a top executive said on Friday.

For Business Schools, Culture Matters (BusinessWeek)

Posted: 24 Dec 2010 05:08 AM PST

BusinessWeek - Have business schools contributed to creating overconfident and self-focused leaders? I suspect many of you will nod your head in agreement. You might even declare that, by extension, business schools share blame for the economic crisis. As a business school dean, I take these perceptions seriously; there is enough in them to warrant careful reflection.
Posted by Harshad at 9:21 AM

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