Thursday, March 3, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street rallies on optimism before jobs data (Reuters)

Posted: 03 Mar 2011 08:51 AM PST

Traders work on the floor of the New York Stock Exchange, February 23, 2011. REUTERS/Brendan McDermidReuters - Stocks rallied on Thursday as oil prices slipped and stronger-than-expected economic data raised expectations of a bullish U.S. employment report for February on Friday.

Jobless claims at 2-1/2-year low, buoy jobs outlook (Reuters)

Posted: 03 Mar 2011 07:44 AM PST

Pedestrians walk past a Reuters - New claims for unemployment benefits fell last week to their lowest level in more than 2-1/2 years, signaling an acceleration in job creation could be taking shape.

Family Dollar board rejects $7 billion Peltz bid (Reuters)

Posted: 03 Mar 2011 08:54 AM PST

Reuters - Family Dollar Stores Inc rejected Trian Group's bid to buy the company for at least $7 billion, saying it "substantially undervalues" the retailer.

Retailers' sales rise, but gas prices threaten (Reuters)

Posted: 03 Mar 2011 08:52 AM PST

Reuters - Top retailers posted stronger-than-expected sales gains for February, a show of strength that could dissipate this spring as rising gasoline and food prices take their toll.

PIMCO's Gross urges slow pace of deficit cuts (Reuters)

Posted: 03 Mar 2011 09:00 AM PST

Reuters - Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged U.S. lawmakers to cut the massive federal deficit but not so swiftly as to choke off the nascent U.S. economic recovery.

Summary Box: Stocks edge up on jobs news (AP)

Posted: 02 Mar 2011 01:52 PM PST

AP - JOB HOPES: Payroll processor ADP said private employers added 217,000 jobs last month, above what analysts had predicted. That raised hopes that the government's employment report Friday could show a decline in the unemployment rate, which is currently 9 percent.

Instant view: Jobless claims hit 2 1/2-year low (Reuters)

Posted: 03 Mar 2011 06:09 AM PST

Reuters - New claims for unemployment benefits fell last week to touch their lowest level in more than 2-1/2 years, a sign of acceleration in job creation.

Grocery chain Kroger says 4Q profit, sales rose (AP)

Posted: 03 Mar 2011 08:43 AM PST

In this photo taken March 1, 2011, customers shop in the dairy department at a Kroger Co. supermarket, in Cincinnati. Kroger Co., the nation's largest traditional-format grocer, is saying its fourth-quarter net income jumped more than 9 percent while sales rose 7.4 percent as it kept increasing customer loyalty and its market share. (AP Photo/Al Behrman)AP - Kroger Co., the nation's largest traditional-format grocer, said Thursday that growth in its market share and in a base of regular customers who shopped more often helped its fourth-quarter net income jump more than 9 percent.

Spain raises euro3.8 B ($5.25 B) at bond auction (AP)

Posted: 03 Mar 2011 04:43 AM PST

AP - Spain raised euro3.8 billion ($5.25 billion) in an oversubscribed auction of 3- and 5-year bonds Thursday but at higher interest rates that reflected investor worries over public finances in Europe.

Average rate on 30-year mortgage falls to 4.87 pct (AP)

Posted: 03 Mar 2011 07:21 AM PST

AP - The average rate on the 30-year fixed mortgage dropped this week, following lower yields on Treasury bonds.

Inflation rising in Asia, emerging economies: IMF (AFP)

Posted: 02 Mar 2011 02:50 PM PST

A Sri Lankan man rides a bicycle past a Banana shop in the Suriyawewa in the southern district of Hambantota, Sri Lanka, on February 22. A top International Monetary Fund official expressed concern Wednesday about overall inflation in emerging countries beyond the current spike in food and commodity prices.(AFP/File/Lakruwan Wanniarachchi)AFP - A top International Monetary Fund official expressed concern Wednesday about overall inflation in emerging countries beyond the current spike in food and commodity prices.

Carrefour profits up 11.3% (AFP)

Posted: 03 Mar 2011 05:50 AM PST

French giant Carrefour, the world's second largest retailer, said its 2010 net profit rose 11.3 percent to 382 million euros ($530 million) despite taking a charge worth 1.13 billion euros.(AFP/Eric Piermont)AFP - French giant Carrefour, the world's second largest retailer, said Thursday its 2010 net profit rose 11.3 percent to 382 million euros ($530 million) despite taking a charge worth 1.13 billion euros.

Republicans delay vote to kill key Obama housing aid (Reuters)

Posted: 03 Mar 2011 08:05 AM PST

Reuters - A key panel in the House of Representatives delayed until next week a vote to kill President Barack Obama's embattled foreclosure prevention program.

UN: Food prices hit record high in February (AP)

Posted: 03 Mar 2011 08:44 AM PST

FILE - In this June 11, 2010 file photo, wheat stands against a setting sun near Isabel, Kan. A U.N. food agency said Thursday, March 3, 2011, that global food prices reached new highs in February and warns that oil price spikes could provoke further increases. (AP Photo/Orlin Wagner, file)AP - Global food prices have reached their highest point in 20 years and could increase further because of rising oil prices stemming from the unrest in Libya and the Mideast, a U.N. agency warned Thursday.

Treasury: $6.3B return from stock sale by AIG (AP)

Posted: 02 Mar 2011 06:26 PM PST

AP - The Treasury Department said Wednesday that a sale of MetLife Inc. stock by American International Group Inc. brought in $6.3 billion, which will go toward repaying a portion of the taxpayer bailout of the insurance company.

Chrysler recalls vehicles for engine shutoff risk (Reuters)

Posted: 03 Mar 2011 08:17 AM PST

Reuters - Chrysler Group LLC recalled more than 248,000 crossover wagons and minivans because of a defect that could allow the key to slip while driving, causing the engine to shut down without warning.
Posted by Harshad at 9:15 AM

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