Saturday, February 12, 2011

Yahoo! News: Health News

Yahoo! News: Health News

China to vet inward M&A deals for national security (Reuters)

Posted: 12 Feb 2011 04:55 AM PST

Reuters - China will launch a state-level investment review body to check that merger and acquisition deals struck by foreign firms in one of the world's fastest-growing economies do not endanger "national security," China's State Council, the cabinet, said on Saturday.

DB NYSE Group seen as name for new company: sources (Reuters)

Posted: 12 Feb 2011 06:14 AM PST

Reuters - NYSE Euronext and Deutsche Boerse plan to call a combined company DB NYSE Group and will likely sidestep thorny issues of technology in a bid to strike a deal by Tuesday, two persons close to the negotiations said.

NYSE and Deutsche Boerse vote seen Tuesday (Reuters)

Posted: 11 Feb 2011 05:19 PM PST

Reuters - The boards of NYSE Euronext and Deutsche Boerse AG are expected to meet on Tuesday for a final vote on their planned deal, a source close to the situation said on Friday, as exchanges left out of the merger frenzy plotted their response.

Merkel will need opposition votes for euro fund deal (Reuters)

Posted: 12 Feb 2011 04:53 AM PST

Reuters - The German government may need a two-thirds majority in parliament to approve any deal on the new permanent rescue mechanism for the euro zone, meaning it will need opposition support for any compromise, Der Spiegel magazine reported on Saturday.

Bloomberg: NYSE deal means U.S. accounting for all (Reuters)

Posted: 11 Feb 2011 10:08 AM PST

Reuters - Merging the iconic New York Stock Exchange with Germany's Deutsche Boerse AG will force European companies to switch to using U.S. accounting rules which have superior disclosures, Mayor Michael Bloomberg said on Friday.

Discovery Communications (Investor's Business Daily)

Posted: 11 Feb 2011 03:26 PM PST

Investor's Business Daily - Discovery Communications (NMS:DISCA), which operates the Discovery Channel, TLC and other TV shows, said Q4 earnings rose 33% to 48 cents, missing views by 3 cents. Revenue grew 7% to $1.02 bil, slightly below estimates. Shares rose 1.2% to 43.75.

Greece slams IMF, EU debt inspectors for hubris (AP)

Posted: 12 Feb 2011 06:37 AM PST

International Monetary Fund's Poul Thomsen, left, speaks next to European Union's Servaas Deroose, center, and the European Central Bank's Claus Masuch listen question during a news conference in Athens, on Friday, Feb. 11, 2011. Greece's ambitious program to overcome its debt crisis has reached a 'critical juncture' and faster structural reforms are needed, its international bailout inspectors said Friday. Officials from the International Monetary Fund, European Central Bank and European Commission said they will recommend that Greece receives the next installment of bailout loans. (AP Photo/Petros Giannakouris)AP - An indignant Greece slammed EU and International Monetary Fund inspectors overseeing its efforts to reform its debt-crippled economy, accusing them Saturday of overstepping their role and interfering in Greece's internal affairs.

White House wants less gov't in mortgage system (AP)

Posted: 11 Feb 2011 02:57 PM PST

President Barack Obama returns to the White House in Washington, Thursday, Feb. 10, 2011, after traveling to Marquette, Mich.. (AP Photo/Charles Dharapak)AP - The Obama administration wants to shrink the government's role in the mortgage system — a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans more expensive across the board.

Greece blasts EU-IMF asset sale demand (AFP)

Posted: 12 Feb 2011 03:48 AM PST

Pensioners display signs in Greek, reading: AFP - Greece on Saturday blasted calls by EU and IMF officials for a massive privatisation drive worth 50 billion euros by 2015 to alleviate the country's crushing debts.

US unveils housing market overhaul (AFP)

Posted: 11 Feb 2011 01:19 PM PST

The US Treasury Department proposed to wind down state-backed mortgage lenders Fannie Mae and Freddie Mac, which have underpinned the housing market for 40 years.(AFP/File/Karen Bleier)AFP - The Obama administration on Friday launched what could be the biggest shake-up of the US housing market in a generation, proposing that state-backed lenders are wound up and setting minimum downpayments for buyers.

Gas pump prices highest ever for this time of year (AP)

Posted: 11 Feb 2011 08:49 PM PST

FILE - In this Feb. 3, 2011 file photo, the price of fuel is adjusted at a gas station in Lincoln, Neb. U.S gasoline prices are the highest ever for this time of year. Since Jan. 1, pump prices have averaged well above $3 per gallon. (AP Photo/Nati Harnik, file)AP - U.S. gasoline prices have jumped to the highest levels ever for the middle of February. The national average hit $3.127 per gallon on Friday, about 50 cents above a year ago.

Consumer sentiment hits 8-month high: survey (Reuters)

Posted: 11 Feb 2011 07:03 AM PST

Reuters - Consumer sentiment rose to its highest level in eight months in early February, boosted by recent tax cuts and optimism about the economy, a survey released on Friday showed.

GM to pay bonuses this year (Investor's Business Daily)

Posted: 11 Feb 2011 03:26 PM PST

Investor's Business Daily - The carmaker, which emerged from bankruptcy last year after a gov't bailout, confirmed it'll pay more than 96% of its 26,000 salaried workers merit bonuses of 4%-16% of their base pay this year. GM's top 100 earners are still subject to gov't-imposed pay restrictions. Chrysler will pay bonuses averaging $10,000 for 10,755 salaried workers, Bloomberg said. GM rose 1.6% to 36.45.
Posted by Harshad at 9:20 AM

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