Yahoo! News: Health News

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• Wall Street edges lower on year-end profit taking (Reuters)
• Oil to end the year up 12 percent, average near $80 (Reuters)
• Skype could be designated illegal in China (Reuters)
• Factories and services hummed along in December (Reuters)
• ArcelorMittal matches rival offer for Baffinland (Reuters)
• European stocks steady at open (AFP)
• Latin American economy outshone US, Europe in 2010 (AFP)
• Earnings schedule for week of 1/03/11 (AP)
• Estonia enters new era with euro adoption (AP)
• Summary Box: Rates on fixed mortgages edge up (AP)
• Oil falls below $90 amid light year-end trading (AP)
• Canadians Spend Like Crazy Americans (BusinessWeek)
• Oil prices dip, stay above 93 dollars in London (AFP)
• Your Medicare taxes won't cover what you'll cost (AP)
• Ford, Chrysler recall almost 160,000 vehicles (AFP)

Wall Street edges lower on year-end profit taking (Reuters) Posted: 31 Dec 2010 07:05 AM PST Reuters - U.S. stocks edged lower on Friday, the final trading day of the year, as investors took profits after a recent rally that has the S&P on track for its best December performance in nearly two decades.

Oil to end the year up 12 percent, average near $80 (Reuters) Posted: 31 Dec 2010 07:10 AM PST Reuters - Crude oil was set to close the year up more than 12 percent despite a slight decline Friday, due to a resurgence in global demand, an unusually cold winter and falling inventories.

Skype could be designated illegal in China (Reuters) Posted: 31 Dec 2010 04:13 AM PST Reuters - China will crack down on what it called illegal Internet telephone providers, according to a circular from the Chinese government seen on Friday that could potentially affect Internet calling service Skype.

Factories and services hummed along in December (Reuters) Posted: 31 Dec 2010 07:00 AM PST Reuters - The pace of expansion in the manufacturing and service sectors quickened modestly in December, two upcoming surveys are expected to show, further evidence of an economy that is mending gradually.

ArcelorMittal matches rival offer for Baffinland (Reuters) Posted: 31 Dec 2010 07:34 AM PST Reuters - ArcelorMittal on Friday upped its offer for control of Baffinland Iron Mines to match a rival bid from Nunavut Iron for the vast iron ore deposit in the Canadian Arctic, in a deal worth $550 million.

European stocks steady at open (AFP) Posted: 30 Dec 2010 01:34 AM PST AFP - Europe's main stock markets were little changed at the start of trading on Thursday, with London's benchmark FTSE 100 index down 0.07 percent to 5,992.50 points compared with the previous day's close.

Latin American economy outshone US, Europe in 2010 (AFP) Posted: 30 Dec 2010 08:40 AM PST AFP - In 2010 Latin America has thrown out the old rules to accommodate a new reality: a period in which its dynamic rebound from the global financial crisis left the United States and Europe in its dust.

Earnings schedule for week of 1/03/11 (AP) Posted: 30 Dec 2010 10:45 AM PST AP - Major companies tentatively scheduled to report quarterly earnings next week:

Estonia enters new era with euro adoption (AP) Posted: 31 Dec 2010 09:06 AM PST AP - The European Union hailed Estonia's imminent adoption of the euro as a symbolic boost for a currency that has just suffered the worst crisis in its 12-year history.

Summary Box: Rates on fixed mortgages edge up (AP) Posted: 30 Dec 2010 01:25 PM PST AP - RATES RISE: The average rate on 30-year fixed mortgages rose to 4.86 percent from 4.81 percent in the previous week, Freddie Mac said. The rate on 15-year fixed loans rose to 4.20 percent from 4.15 percent.

Oil falls below $90 amid light year-end trading (AP) Posted: 31 Dec 2010 08:11 AM PST AP - Oil prices slipped further below $90 a barrel Friday as investors took profits amid light year-end trading volume. Despite the fall, oil prices are set to end the year around 12 percent higher than where they started — a clear signal that the global economy has returned to growth following the worst recession since World War II .

Canadians Spend Like Crazy Americans (BusinessWeek) Posted: 31 Dec 2010 05:08 AM PST BusinessWeek - Spendthrift Canada? Many Americans would find that hard to believe. Throughout the subprime crisis that rocked the U.S., Canada's economy and banking industry remained rock solid.

Oil prices dip, stay above 93 dollars in London (AFP) Posted: 31 Dec 2010 04:17 AM PST AFP - World oil prices dipped on Friday, a day after US data showed the country's crude stocks had declined less than expected, analysts said.

Your Medicare taxes won't cover what you'll cost (AP) Posted: 31 Dec 2010 12:59 AM PST AP - What you paid in Medicare taxes shows up on your W-2 income tax form every year. So when you retire, you want your money's worth.

Ford, Chrysler recall almost 160,000 vehicles (AFP) Posted: 31 Dec 2010 06:42 AM PST AFP - US automakers Ford and Chrysler are recalling tens of thousands of vehicles due to safety problems, the government said Friday.

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