Tuesday, February 1, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Data, earnings lift Wall Street to session highs (Reuters)

Posted: 01 Feb 2011 09:25 AM PST

Traders work on the floor of the New York Stock Exchange, January 28, 2011. REUTERS/Brendan McDermidReuters - U.S. stocks hit session highs in early afternoon trading on Tuesday, with the Dow industrials up 1 percent as investors focused more on strong earnings and manufacturing data and less on the civil unrest in the Middle East.

Manufacturing powers ahead in January (Reuters)

Posted: 01 Feb 2011 08:36 AM PST

A woman carries shopping bags along a sidewalk in New York City, December 6, 2010. REUTERS/Mike SegarReuters - The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January, and signs of inflation jumped more than expected in the latest sign the economic recovery is gaining traction.

Carmakers start 2011 strongly (Reuters)

Posted: 01 Feb 2011 09:35 AM PST

Vehicles for sale are parked at a Cadillac dealer in Sherman Oaks, California August 17, 2010. REUTERS/Mario AnzuoniReuters - Carmakers are making a strong start to 2011, soothing concerns about slower demand growth in Asian markets and a bumpy recovery in western markets.

UPS profit tops estimates (Reuters)

Posted: 01 Feb 2011 08:06 AM PST

United Parcel Service aircrafts are loaded with containers full of packages bound for their final destination at the UPS Worldport All Points International Hub during the peak delivery day in Louisville, Kentucky, December 22, 2010. REUTERS/John Sommers IIReuters - United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up 4 percent.

BP's Rosneft deal blocked as results fall short (Reuters)

Posted: 01 Feb 2011 08:09 AM PST

BP chairman Carl-Henric Svanberg (L) shakes hands with Rosneft president Eduard Khudainatov at BP headquarters in London January 14, 2011. REUTERS/Luke MacGregorReuters - Doubts returned over BP's prospects for a return to growth on Tuesday as a UK court blocked its plans for a tie-up with Russia's Rosneft and the British oil company delivered below forecast profit.

Egypt turmoil rattles Middle East stock markets (AP)

Posted: 30 Jan 2011 02:07 PM PST

People stand outside a closed currency exchange office in Cairo, Sunday, Jan. 30, 2011. The Arab world's most populous nation appeared to be swiftly moving closer to a point at which it either dissolves into widespread chaos or the military expands its presence and control of the streets. (AP Photo/Lefteris Pitarakis)AP - Investors nervous about instability gripping Egypt drove Middle Eastern stocks down sharply Sunday as markets reopened following a weekend of violent protests.

German unemployment up on seasonal factors (AP)

Posted: 01 Feb 2011 03:49 AM PST

AP - Germany's unemployment rate jumped in January to nearly 8 percent, the government reported Tuesday, but economists said that when adjusted for the harsh winter's effects on seasonal jobs the labor market in Europe's largest economy is showing continued signs of strength.

BP resumes dividend payouts after full-year loss (AP)

Posted: 01 Feb 2011 09:29 AM PST

BP PLC's CEO Bob Dudley during a results media conference at their headquarters in London, Tuesday, Feb. 1, 2011. BP announced Tuesday it is resuming dividend payouts for the first time since the Gulf of Mexico well disaster, despite suffering its first full-year loss since 1992, and plans to sell off almost half of its U.S. refinery business. BP said a stronger-than-expected end to 2010, in which high oil prices lifted fourth quarter profit by 30 percent, was not enough to avoid a full-year loss of $3.7 billion. It raised to $40.9 billion its estimate for the overall cost of the spill, the charge covering the cost of the explosion aboard the Deepwater Horizon rig, which killed 11 workers in April, as well as plugging the well and cleaning up the southern U.S. coast. (AP Photo/Alastair Grant)AP - BP PLC outlined plans to rebound from the Gulf of Mexico disaster as a smaller, safer company — selling off almost half its U.S. refinery business — and restored its dividend payment to shareholders as it unveiled strong fourth-quarter profits on Tuesday.

Ireland to vote on February 25 (Reuters)

Posted: 01 Feb 2011 09:34 AM PST

Reuters - Ireland will vote on February 25 in the first general election in Europe dominated by the euro zone debt crisis and by demands to renegotiate an unpopular EU/IMF bailout.

Spain's rating upheld as crisis eases (AP)

Posted: 01 Feb 2011 05:51 AM PST

AP - Standard & Poor's has given Spain a welcome boost by affirming its credit rating Tuesday, in another sign that the government debt crisis that threatened to sink the euro has come off the boil, at least for the moment.

Chains to report chilly end to holidays (Reuters)

Posted: 01 Feb 2011 06:04 AM PST

Reuters - U.S. retailers are poised to show only a modest rise in January sales as record snow in many parts of the United States kept shoppers away from malls and crimped demand for early spring merchandise.

House panel probes Fannie, Freddie legal fees (AP)

Posted: 31 Jan 2011 03:32 PM PST

AP - A leading Republican lawmaker has asked federal regulators to explain why taxpayers have spent more than $160 million in legal fees to defend the giant mortgage companies Fannie Mae and Freddie Mac and their former top executives.

Instant View: UK court slaps injunction on BP's Russian deal (Reuters)

Posted: 01 Feb 2011 09:34 AM PST

Reuters - BP's partners in Russian joint venture TNK-BP on Tuesday won an injunction halting the British oil giant's planned Arctic exploration partnership with Rosneft .

Cuomo slashes spending, freezes taxes in New York budget (Reuters)

Posted: 01 Feb 2011 09:20 AM PST

New York Governor Andrew Cuomo speaks during a swearing-in ceremony in the War Room of the Capitol in Albany, New York January 1, 2011. REUTERS/Mike GrollReuters - New York Governor Andrew Cuomo proposed laying off nearly 10,000 state workers and cutting billions from education and Medicaid programs as he laid out his first budget on Tuesday, designed to close a $10 billion deficit.

Former Mo. Gov. Blunt new head of automotive group (AP)

Posted: 01 Feb 2011 09:30 AM PST

AP - Former Missouri Gov. Matt Blunt has been hired to lead a group that promotes the interests of U.S. automobile manufacturers.

A Change in Career Strategy (BusinessWeek)

Posted: 01 Feb 2011 05:08 AM PST

BusinessWeek - The extent and degree to which global warming causes our climate to change is still unknown. While all qualified scientific organizations agree that greenhouse gas emissions are causing our planet to warm, there are various opinions about the influence they have had on rising temperatures and sea levels and dangerous storms. By making no political attempt to curb emissions, it is as if we are conducting a high-stakes science experiment with our planet. We'll keep pumping carbon into our atmosphere and see how the earth responds. ...
Posted by Harshad at 9:48 AM

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