Saturday, December 25, 2010

Yahoo! News: Health News

Yahoo! News: Health News

China fights inflation with Christmas rate rise (Reuters)

Posted: 25 Dec 2010 06:18 AM PST

A shopper walks past a window displaying prices of dresses and handbags at a shopping mall in central Beijing October 21, 2010. REUTERS/David GrayReuters - China's central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its battle to rein in stubbornly high inflation.

World economy can withstand $100 oil price: Kuwait (Reuters)

Posted: 25 Dec 2010 06:17 AM PST

Abbas Naqi, secretary general of Organisation of Arab Petroleum Exporting Countries (OAPEC), speaks to the media before the start of meeting in Cairo December 25, 2010. The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated OPEC may decide against increasing output through 2011 as the market was well supplied. REUTERS/Mohamed Abd El-GhanyReuters - The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated OPEC may decide against increasing output through 2011 as the market was well supplied.

U.S. opens tax investigation on Swiss banks: report (Reuters)

Posted: 24 Dec 2010 11:51 AM PST

Reuters - The Justice Department has opened a criminal investigation into small Swiss regional banks which may have helped Americans evade taxes, the New York Times reported, citing two people briefed on the matter.

Correction: Wall Street story (AP)

Posted: 23 Dec 2010 02:06 PM PST

AP - In a story Dec. 22 about the stock market, The Associated Press reported erroneously that the Dow Jones industrial average and the Standard & Poor's 500 index closed at their highest levels since July 2008. The correct dates for the previous high closes are Aug. 28, 2008 for the Dow and Sept. 8, 2008 for the S&P 500.

New homes sales, prices rise in November (Reuters)

Posted: 23 Dec 2010 01:09 PM PST

A vacant home for sale is pictured in Yonkers, New York, October 26, 2010. REUTERS/Mike SegarReuters - New single-family home sales rose in November but to a lower- than- expected rate , a government report showed on Thursday, highlighting the weakness in the housing market even as the broader economic recovery gains momentum.

Summary Box: GE Capital sells mortgage portfolio (AP)

Posted: 24 Dec 2010 10:58 AM PST

AP - THE DEAL: GE Capital will sell its $2 billion Mexican consumer mortgage portfolio to Grupo Financiero Santander Mexico. A GE official pegs the price at about $170 million.

Oil exports from Iraq's Kurdish north to resume (AP)

Posted: 25 Dec 2010 07:55 AM PST

Iraqi oil minister Abdul-Karim Elaibi talks to reporters after attending an Arab Petroleum Exporting Countries, OAPEC meeting in Cairo, Egypt Saturday, Dec. 25, 2010. Iraq's newly appointed oil minister said on Saturday that oil exports from the country's northern self-ruled Kurdish region would soon resume as part of the country's national oil export policy. (AP Photo/Nasser Nasser)AP - Iraq's newly appointed oil minister said on Saturday that oil exports from the country's northern self-ruled Kurdish region would soon resume as part of the country's national oil export policy.

SPIN METER: Lame-duck Congress charts own course (AP)

Posted: 25 Dec 2010 06:39 AM PST

AP - Republicans say they will follow "the people's priorities" when they gain power on Capitol Hill next month. Yet when it came to tax cuts for the wealthy and other top issues that dominated the just concluded lame-duck Congress, the GOP either defied what most Americans want or followed their will only after grudging, drawn-out battles.
Posted by Harshad at 9:04 AM

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