Yahoo! News: Health News

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• Market edges lower, but profits point to up move (Reuters)
• NYSE, Deutsche Boerse in advanced merger talks (Reuters)
• Bernanke says job growth, inflation still too low (Reuters)
• JPMorgan fires back in $6.4 billion Madoff lawsuit (Reuters)
• AIG to take $4.1 billion fourth-quarter charge (Reuters)
• LSE to buy Toronto bourse making $4 trillion exchange (Reuters)
• Disney shows all-around strength as profit surges (Reuters)
• Northrop Grumman 4Q profit falls 9 percent (AP)
• Summary Box: German industrial production drops (AP)
• Mortgage applications fall in latest week (AP)
• Chinese shares lead global retreat after rate hike (AP)
• Beazer Homes USA loses money in 1Q (AP)
• Pirates hijack U.S.-bound oil tanker off Oman (Reuters)
• Republicans vs. Republicans: When are federal budget cuts too deep? (The Christian Science Monitor)
• General Motors China sales up 22.3% in January (AFP)

Market edges lower, but profits point to up move (Reuters) Posted: 09 Feb 2011 09:32 AM PST Reuters - Wall Street edged lower on Wednesday as investors booked profits after stocks hit new 2 1/2-year highs, but strong earnings made it likely the market would continue an upward trend.

NYSE, Deutsche Boerse in advanced merger talks (Reuters) Posted: 09 Feb 2011 09:19 AM PST Reuters - Germany's Deutsche Boerse is in advanced talks to buy NYSE Euronext, and the London Stock Exchange has agreed to buy Canadian stock market operator TMX, as exchanges globally look for ways to boost their markets and cut costs.

Bernanke says job growth, inflation still too low (Reuters) Posted: 09 Feb 2011 09:02 AM PST Reuters - U.S. unemployment is too high despite an improving economy, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday, suggesting the central bank has no intention of cutting short a $600 billion bond-buying program.

JPMorgan fires back in $6.4 billion Madoff lawsuit (Reuters) Posted: 09 Feb 2011 09:14 AM PST Reuters - JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of doing an end run around the law in pursuing his case, and said it has a right to a jury trial.

AIG to take $4.1 billion fourth-quarter charge (Reuters) Posted: 09 Feb 2011 08:34 AM PST Reuters - Bailed-out insurer American International Group Inc said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers' compensation.

LSE to buy Toronto bourse making $4 trillion exchange (Reuters) Posted: 09 Feb 2011 04:28 AM PST Reuters - The London Stock Exchange is to buy Canada's TMX to claw back lost market share and create the world's fourth-largest bourse trading $4.1 trillion of stock a year.

Disney shows all-around strength as profit surges (Reuters) Posted: 08 Feb 2011 04:00 PM PST Reuters - Walt Disney Co reported a better-than-expected 54 percent surge in profit, reflecting an improving economy that got consumers traveling to its theme parks and businesses buying up ad time on its TV networks.

Northrop Grumman 4Q profit falls 9 percent (AP) Posted: 09 Feb 2011 07:31 AM PST AP - Defense contractor Northrop Grumman says its fourth-quarter profit fell 9 percent because of one-time costs and lower revenue at three of its biggest segments.

Summary Box: German industrial production drops (AP) Posted: 08 Feb 2011 03:00 PM PST AP - A DECLINE: Industrial production in Germany, Europe's largest economy, fell 1.5 percent during December, hurt by a slump in construction amid harsh winter weather. The construction sector dropped a massive 24.1 percent during the month.

Mortgage applications fall in latest week (AP) Posted: 09 Feb 2011 09:22 AM PST AP - The number of people applying for a mortgage dropped last week as rates jumped.

Chinese shares lead global retreat after rate hike (AP) Posted: 09 Feb 2011 04:03 AM PST AP - Chinese shares led a general stock market retreat Wednesday as investors in the country returned from their weeklong Lunar New Year holiday to be greeted by the second interest rate increase in a little over a month.

Beazer Homes USA loses money in 1Q (AP) Posted: 08 Feb 2011 04:05 PM PST AP - The traditional spring selling season can't come quickly enough for builders like Beazer Homes USA Inc., following the worst year for new home sales on record.

Pirates hijack U.S.-bound oil tanker off Oman (Reuters) Posted: 09 Feb 2011 08:23 AM PST Reuters - Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far.

Republicans vs. Republicans: When are federal budget cuts too deep? (The Christian Science Monitor) Posted: 08 Feb 2011 05:43 PM PST The Christian Science Monitor - After voting together on issues ranging from repeal of health-care reform to ending taxpayer funding of presidential campaigns, House Republicans are struggling to close rifts in their new majority over this year’s projected $1.5 trillion deficit.

General Motors China sales up 22.3% in January (AFP) Posted: 09 Feb 2011 07:29 AM PST AFP - General Motors said Wednesday that its sales in China, the world's largest car market, jumped 22.3 percent year-on-year in January to set a new monthly record.

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