Yahoo! News: Health News

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• Market flat, China weighs on energy shares (Reuters)
• Hedge fund managers arrested in insider case (Reuters)
• China raises rates to battle stubbornly high inflation (Reuters)
• U.S. mulls cutting housing support to below 50 percent (Reuters)
• Fed should rethink stimulus given strong growth: Lacker (Reuters)
• Airline stocks trying to pull out of stall (AP)
• Debt rating agencies sending right message... at wrong time (Reuters)
• Beazer Homes USA loses money in 1Q (AP)
• UBS reports first annual profit since 2006 (AP)
• Consumer credit rises, supports strong growth view (Reuters)
• UBS returns to full year profit, outlook mixed (AFP)
• Puerto Rico tries retail lottery to boost taxes (AP)
• White House plans raise prices on government mortgages (Reuters)
• Pirates seize Italian oil tanker, mostly Indian crew (AFP)
• Florida governor cuts spending and taxes in budget (Reuters)
• Toyota lifts guidance sharply but yen remains drag (Reuters)
• Live Chat: Admissions Essay Plagiarism (BusinessWeek)

Market flat, China weighs on energy shares (Reuters) Posted: 08 Feb 2011 08:37 AM PST Reuters - Wall Street was little changed on Tuesday as an interest hike by China weighed on energy shares and major indexes faced resistance near 2 1/2-year highs.

Hedge fund managers arrested in insider case (Reuters) Posted: 08 Feb 2011 08:59 AM PST Reuters - Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds' trading activities.

China raises rates to battle stubbornly high inflation (Reuters) Posted: 08 Feb 2011 09:21 AM PST Reuters - China raised interest rates on Tuesday for the second time in just over six weeks, intensifying a battle in the fast-expanding economy against stubbornly high inflation that threatens to unsettle global markets.

U.S. mulls cutting housing support to below 50 percent (Reuters) Posted: 08 Feb 2011 08:15 AM PST Reuters - The Obama administration is considering reducing government support for the mortgage market to below 50 percent over time, according to sources familiar with a White House plan to revamp the housing finance system.

Fed should rethink stimulus given strong growth: Lacker (Reuters) Posted: 08 Feb 2011 08:54 AM PST Reuters - The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.

Airline stocks trying to pull out of stall (AP) Posted: 07 Feb 2011 01:25 PM PST AP - Volatile oil prices and massive storm-related flight cancelations have helped pushed airline shares down by 10 percent in less than a month.

Debt rating agencies sending right message... at wrong time (Reuters) Posted: 08 Feb 2011 01:09 AM PST Reuters - The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.

Beazer Homes USA loses money in 1Q (AP) Posted: 08 Feb 2011 08:42 AM PST AP - Beazer Homes USA Inc. lost money in its fiscal first quarter as the homebuilder reported a decline in closings and new orders.

UBS reports first annual profit since 2006 (AP) Posted: 08 Feb 2011 04:33 AM PST AP - Swiss bank UBS AG on Tuesday posted its first annual profit since the global financial crisis erupted, despite softer-than-expected fourth quarter earnings, and said it had managed to stanch the rich customers' withdrawals that had plagued it since a high profile tax evasion scandal.

Consumer credit rises, supports strong growth view (Reuters) Posted: 07 Feb 2011 03:42 PM PST Reuters - Consumer credit surged in December as shoppers boosted their credit-card debt for the first time in more than two years, supporting views economic activity was gathering momentum.

UBS returns to full year profit, outlook mixed (AFP) Posted: 08 Feb 2011 04:31 AM PST AFP - Swiss bank UBS on Tuesday posted a largely expected annual profit in 2010 for the first time since the financial crisis, with full year net income of 7.2 billion Swiss francs (5.5 billion euros).

Puerto Rico tries retail lottery to boost taxes (AP) Posted: 07 Feb 2011 09:33 AM PST AP - Don't throw out that lunch receipt: It could be worth $1,000.

White House plans raise prices on government mortgages (Reuters) Posted: 08 Feb 2011 08:38 AM PST Reuters - The White House budget proposal to be unveiled next week includes an increase in borrowing costs for loans backed by the Federal Housing Administration, industry sources said on Tuesday.

Pirates seize Italian oil tanker, mostly Indian crew (AFP) Posted: 08 Feb 2011 09:22 AM PST AFP - Pirates wielding rocket-launchers seized a large Italian oil tanker with a crew of five Italians and 17 Indians on Tuesday east of the Yemeni island of Socotra in the Indian Ocean, EU naval forces said.

Florida governor cuts spending and taxes in budget (Reuters) Posted: 07 Feb 2011 03:41 PM PST Reuters - Florida's Tea Party-backed Governor Rick Scott proposed cutting more than $5 billion from state spending on Monday while also slashing taxes as he laid out his first budget proposal aimed at closing a deficit of nearly $4 billion.

Toyota lifts guidance sharply but yen remains drag (Reuters) Posted: 08 Feb 2011 07:00 AM PST Reuters - Toyota Motor Corp lifted its annual forecasts beyond market expectations as cost cuts and sales exceeded its plans, but a heavy reliance on exports will keep it a laggard as long as the yen stays strong.

Live Chat: Admissions Essay Plagiarism (BusinessWeek) Posted: 08 Feb 2011 05:08 AM PST BusinessWeek - After catching dozens of applicants who were plagiarizing admissions essays last year, Pennsylvania State University's Smeal College of Business (Smeal Full-Time MBA Profile decided to take action. The school has now pumped up the screening process for application essays and set higher expectations for applicants.

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