Wednesday, January 26, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall St up on Obama speech, awaits Fed statement (Reuters)

Posted: 26 Jan 2011 08:50 AM PST

Traders work on the floor of the New York Stock Exchange January 25, 2011. REUTERS/Brendan McDermidReuters - Stocks rose on Wednesday as U.S. President Barack Obama's call for a lower corporate tax rate offset a weak outlook from Boeing.

New homes sales hit eight-month high (Reuters)

Posted: 26 Jan 2011 07:39 AM PST

A home stands for sale in the Brooklyn borough of New York City, 2009. Sales of new single-family homes in the United States spiked 17.5 percent in December, ending a year that was the worst on record.(AFP/Getty Images/File/Spencer Platt)Reuters - New single-family home sales raced to their highest level in eight months in December while prices were the highest since April 2008, raising cautious optimism for a housing market recovery.

Fed likely to hold easing course, note improvement (Reuters)

Posted: 26 Jan 2011 08:44 AM PST

Federal Reserve Board Chairman Ben Bernanke testifies in front of the U.S. Senate Budget Committee on Reuters - The Federal Reserve is expected to nod to an improving U.S. economic outlook on Wednesday even as it reaffirms a plan to buy $600 billion in government debt to help speed recovery.

Boeing profit falls; shares down on outlook (Reuters)

Posted: 26 Jan 2011 09:09 AM PST

The tailfins of various wide body Boeing aircraft sit aligned and idle at Paine Field in Everett, Washington December 8, 2010. REUTERS/Anthony BolanteReuters - Boeing Co offered a weaker-than-expected 2011 earnings outlook as higher pension costs exacerbated the impact of potential defense spending cuts and delays to the 787 Dreamliner, sending its shares down 3.6 percent.

Lehman files new plan for repaying creditors (Reuters)

Posted: 26 Jan 2011 09:00 AM PST

Reuters - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.

SEC probing statements on Illinois pension (Reuters)

Posted: 25 Jan 2011 02:52 PM PST

Reuters - The U.S. Securities and Exchange Commission launched an inquiry into statements put out by the state of Illinois regarding the potential long-term savings from a pension reform law, a spokeswoman for Governor Pat Quinn said on Tuesday.

Fed likely to keep $600B bond-purchase plan intact (AP)

Posted: 26 Jan 2011 06:00 AM PST

FILE -- In a July 22, 2010 file photo Chairman of the Federal Reserve Ben Bernanke testifies before the House Financial Services Committee on Capitol Hill in Washington. The Federal Reserve is all but certain Wednesday, Jan. 26, 2011, to maintain the pace of its Treasury bond-buying program because unemployment remains high and sinking home prices are eroding Americans' wealth. (AP Photo/Alex Brandon)AP - The Federal Reserve is all but certain Wednesday to maintain the pace of its Treasury bond-buying program because unemployment remains high and sinking home prices are eroding Americans' wealth.

Kodak 4Q profit drops 95 pct, stock plunges 17 pct (AP)

Posted: 26 Jan 2011 08:42 AM PST

Shown is a Kodak slide projector in Philadelphia, Tuesday, Jan. 25, 2011. Eastman Kodak said Wednesday, Jan. 26, its fourth-quarter net income tumbled 95 percent from a large gain a year ago and it missed Wall Street expectations. (AP Photo/Matt Rourke)AP - Eastman Kodak Co.'s stock tumbled 17 percent Wednesday after the company said net income fell 95 percent for the fourth quarter on weaker camera revenue and sharply lower royalties from digital-imaging inventions.

Davos forum: China steps up amid global recovery (AP)

Posted: 26 Jan 2011 06:19 AM PST

Attendees listen to a session at the World Economic Forum in Davos, Switzerland on Wednesday, Jan. 26, 2011. Buoyed by a burst of optimism about the global economy and mindful of the 'new reality' that has framed it in the aftermath of the financial crisis some 2,500 business leaders, politicians and social activists will tackle an array of issues on the first day of the World Economic Forum. (AP Photo/Michel Euler)AP - It may be time to stop referring to China, the world's second-biggest economy after the U.S., as an emerging nation and focus on creating jobs now that the global recovery appears to have gotten a toehold.

Barclays bank to axe 1,000 jobs (AFP)

Posted: 26 Jan 2011 08:51 AM PST

British bank Barclays announced plans to axe around 1,000 jobs with the closure of its financial planning division, sparking anger from trade union Unite.(AFP/File/Shaun Curry)AFP - British bank Barclays on Wednesday announced plans to axe 1,000 jobs and close its financial planning services unit, while the firm's investment banking division was hit with a £1.12-million-pound fine.

Panel says financial crisis avoidable (Reuters)

Posted: 25 Jan 2011 06:11 PM PST

Reuters - The financial crisis could have been avoided and was the result of poor decision making both in Washington and at top financial firms that fostered a culture of excessive risk taking, according to a draft report written by Democrats on a panel that investigated the meltdown and obtained by Reuters.

Barclays cuts 1,000 jobs, focus on returns sharpens (Reuters)

Posted: 26 Jan 2011 08:09 AM PST

Reuters - Barclays Plc is to cut about 1,000 UK jobs as it stops offering financial planning advice in its branches, in further evidence the bank is sharpening the knife on areas of sluggish profitability.

US new-home sales end worst year with gains (AFP)

Posted: 26 Jan 2011 08:14 AM PST

A home stands for sale in the Brooklyn borough of New York City, 2009. Sales of new single-family homes in the United States spiked 17.5 percent in December, ending a year that was the worst on record.(AFP/Getty Images/File/Spencer Platt)AFP - Sales of new single-family homes in the United States spiked 17.5 percent in December, ending a year that was the worst on record, official data showed Wednesday.

CA-CANADA Summary (Reuters)

Posted: 26 Jan 2011 08:29 AM PST

Reuters - Alberta Premier Ed Stelmach surprised voters on Tuesday by saying he will resign, just three years after winning the largest parliamentary majority in the oil-rich province's history. Stelmach, 59, a farmer by trade who has had a tumultuous relationship with Alberta's powerful energy industry, told reporters he plans to step down as head of the governing Progressive Conservative Party before the next election.

The New 401(k): Not Just for Retirement Anymore (U.S. News & World Report)

Posted: 26 Jan 2011 07:54 AM PST

U.S. News & World Report - Taking out a loan against your 401(k) is usually considered a big no-no by financial advisors. After all, you miss out on the chance to earn returns on the money during the loan period, and if you suddenly lose or leave your job, you'll have to quickly repay the loan within 60 days. You also miss out on the tax benefits, since you have to repay the loan with after-tax dollars.

Toyota recalls 1.7 million autos as quality woes mount (Reuters)

Posted: 26 Jan 2011 08:24 AM PST

Reuters - Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality.
Posted by Harshad at 9:20 AM

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