Wednesday, March 2, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street gains pared as oil prices rise (Reuters)

Posted: 02 Mar 2011 09:00 AM PST

Broken phones are seen on the floor of the New York Stock Exchange, February 23, 2011. REUTERS/Brendan McDermidReuters - Stocks cut gains on Wednesday and were expected to remain tethered to the ups and downs of oil prices, which surged as fighting in Libya intensified.

Apple gets set to unveil new iPad (Reuters)

Posted: 02 Mar 2011 06:51 AM PST

Apple Chief Executive Officer Steve Jobs holds an iPad during the launch of Apple's new tablet computing device in San Francisco, California, January 27, 2010. REUTERS/Kimberly WhiteReuters - More than a year after igniting the tablet computing craze, Apple Inc was preparing to unveil the second version of its blockbuster iPad on Wednesday -- possibly minus lead showman Steve Jobs.

Buffett sees uneven recovery, craves big deals (Reuters)

Posted: 02 Mar 2011 06:46 AM PST

Warren E. Buffett ,Chairman and Chief Executive Officer of Berkshire Hathaway, testifies before the Financial Crisis Inquiry Commission during a public hearing in New York, June 2, 2010. REUTERS/Shannon StapletonReuters - Billionaire Warren Buffett said the U.S. economy is "coming back" and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc.

Private sector adds jobs in February (Reuters)

Posted: 02 Mar 2011 07:23 AM PST

Shoppers carry their purchases along Broadway in New York City, May 11, 2008. Some retailers are offering discounts encouraging consumers to spend their tax rebate checks under a $150 billion economic stimulus package signed by President George W. Bush.REUTERS/Joshua LottReuters - Private sector employers added more jobs than expected last month in a sign of steady improvement in the labor market, ahead of the closely watched non-farm payrolls report from the Labor Department on Friday.

Gas drives Costco, BJ's Wholesale February sales (Reuters)

Posted: 02 Mar 2011 08:27 AM PST

Reuters - February sales at Costco Wholesale Corp and BJ's Wholesale Club Inc surpassed Wall Street's expectations, driven by higher gasoline prices and shoppers' focus on bargains.

SEC's timeline in alleged insider trading (AP)

Posted: 01 Mar 2011 02:43 PM PST

AP - The Securities and Exchange Commission has charged a former Goldman Sachs board member, Rajat Gupta, with illegal insider trading. The SEC says Gupta passed confidential information about major investment bank Goldman Sachs and big consumer products maker Procter & Gamble to Raj Rajaratnam, the central figure in a major hedge fund probe.

Senate panel sets hearing on Fed nominee Diamond (Reuters)

Posted: 01 Mar 2011 05:31 PM PST

Reuters - The Senate Banking Committee said on Tuesday it would hold a hearing on the nomination of Nobel laureate Peter Diamond to be a member of the Federal Reserve Board on March 8.

Staples cautious after chill from winter storms (Reuters)

Posted: 02 Mar 2011 08:52 AM PST

Reuters - Top U.S. office supply chain Staples Inc blamed winter storms for keeping shoppers away during the holidays and forecast a quarterly profit just below analysts' estimates.

Berlin says EU finances draft "good basis" for talks (Reuters)

Posted: 02 Mar 2011 06:16 AM PST

German Chancellor Angela Merkel makes a statement during a news conference in Berlin March 2, 2011. REUTERS/Thomas PeterReuters - German Chancellor Angela Merkel said on Wednesday a European Union document laying out options for a deal on safeguarding euro zone states' public finances was a "good basis" for discussions at a March 11 summit in Brussels.

AIG to accelerate MetLife sales, government repayment (Reuters)

Posted: 01 Mar 2011 03:24 PM PST

Reuters - Bailed-out insurer American International Group will sell off its stake in MetLife Inc months earlier than expected, accelerating its repayment of the U.S. government and giving MetLife more control of what had been an overhang for its shares.

S&P warns of downgrades on Portugal and Greece (AP)

Posted: 02 Mar 2011 05:08 AM PST

AP - Leading credit rating agency Standard & Poor's has warned that it could further downgrade both Portugal and Greece's debt in the coming two months, depending on the outcome of a crucial European leaders' summit later this month.

At a Glance: BJ's 4Q sales by region (AP)

Posted: 02 Mar 2011 07:58 AM PST

AP - BJ's Wholesale Club Inc. reported its fourth-quarter earnings Wednesday. The retailer's results dropped on one-time charges but adjusted earnings beat expectations. The company also reported that revenue at stores open at least a year, considered a key indicator of a retailer's financial performance, rose 3.8 percent. Here's a look at how that critical figure at a regional level.

Reverse Mortgages Face Another Makeover (U.S. News & World Report)

Posted: 02 Mar 2011 08:57 AM PST

U.S. News & World Report - Reverse mortgages are set for their second major change in less than a year. Growing problems with loan defaults--estimated to have increased in recent years to about 5 percent of all outstanding reverse mortgages--have prompted regulators at the U.S. Department of Housing and Urban Development to begin drafting new oversight rules. They would require loan applicants to demonstrate their ability to pay property taxes and home insurance premiums on their properties. ...

Gadhafi, rebels differ on state of Libya's oil (AP)

Posted: 02 Mar 2011 07:57 AM PST

A Libyan paints his face with colors of the former Libyan royal flag in Benghazi, Libya, Monday, Feb. 28, 2011. Libya's oil chief says production is down 50 percent because of the exodus of foreign oil workers fleeing the country's violent uprising against leader Moammar Gadhafi. (AP Photo/Alaguri)AP - Libya's leader blamed rebel "gangs" Wednesday for scaring off international oil firms and triggering a steep drop in crude output, but asserted all oil facilities were firmly under government control.

Wis. Schools face deep cuts under gov.'s budget (AP)

Posted: 02 Mar 2011 06:49 AM PST

Opponents to the governor's bill to eliminate collective bargaining rights for many state workers protest at the state Capitol in Madison, Wis., Tuesday, March 1, 2011. Protesters have occupied the Capitol for 14 days. (AP Photo/Andy Manis)AP - Gov. Scott Walker is plowing ahead with his full plan for balancing Wisconsin's budget, proposing massive cuts to public schools even as he faces a stalemate over his proposal to strip public workers of collective bargaining rights.

Ford recalls vehicles over fuel leaks (AP)

Posted: 02 Mar 2011 08:58 AM PST

Labourers work at a new plant in the Eastern Seaboard Industrial Estate in Rayong province February 22, 2011, another sign of the ongoing industry boom in the AP - Ford Motor Co. on Wednesday recalled about 35,000 pickup trucks and crossover vehicles in the U.S. and Canada because of possible fuel leaks and electrical shorts that could lead to fires.

Where the Richest People Live (BusinessWeek)

Posted: 02 Mar 2011 05:08 AM PST

BusinessWeek - Beverly Hills famously has some of the country's most valuable real estate. On the western end of the city, between the Los Angeles Country Club and North Beverly Drive, the median home value is about $3 million, according to real estate website NeighborhoodScout.com, and many properties cost far more. This posh neighborhood in the 90210 zip code is lined with pristine single-family homes, most with at least four bedrooms.
Posted by Harshad at 9:19 AM

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