Friday, March 4, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Rising oil, bank downgrades weigh on Wall Street (Reuters)

Posted: 04 Mar 2011 08:54 AM PST

A specialist works on the floor of the New York Stock Exchange March 3, 2011. REUTERS/Lucas JacksonReuters - Stocks fell on Friday, weighed by rising crude prices and after Wall Street posted its best one-day rise in three months on expectations February's payrolls would grow more than they did.

Payrolls jump, jobless rate near 2-year low (Reuters)

Posted: 04 Mar 2011 08:12 AM PST

Reuters - Hiring by employers hit a nine-month high in February and the jobless rate slipped to a nearly two-year low of 8.9 percent, showing the economy is kicking into a higher gear.

Courtroom showdown in Galleon trading probe (Reuters)

Posted: 04 Mar 2011 04:35 AM PST

Reuters - A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses.

Oil jumps as clashes in Libya intensify (Reuters)

Posted: 04 Mar 2011 08:39 AM PST

A man stands near gas prices at a petrol kiosk in Dal Mar, California, March 1, 2011. REUTERS/Mike BlakeReuters - U.S. crude prices jumped to their highest since September 2008 on Friday and Brent rose above $116 a barrel as Libyan security forces cracked down on protesters in Tripoli and clashed with rebels near the major oil terminal of Ras Lanuf.

BofA Merrill cuts Goldman, Citi on weak client risk appetite (Reuters)

Posted: 04 Mar 2011 06:37 AM PST

Reuters - BofA Merrill Lynch expects subdued client activity and geo-political risks to weigh on the first-quarter earnings of large U.S. banks and downgraded shares of Citigroup Inc and Goldman Sachs Group Inc to "neutral" from "buy."

The Case for (and Against) European Stocks (U.S. News & World Report)

Posted: 03 Mar 2011 07:51 AM PST

U.S. News & World Report - The dark cloud of the sovereign debt crisis has been hanging over the European stock markets for months. After taking bailouts, Greece and Ireland may be forced to default on their debt or bondholders may have to take a "haircut" and lose some of their principal, experts say. Despite the gloomy outlook for some of these debt-ridden countries, other areas of Europe look promising for investors in 2011.

Mobile gaming dominates Game Developers Conference (AP)

Posted: 04 Mar 2011 06:15 AM PST

In this photo provided by Nintendo of America, Satoru Iwata, president of Nintendo Co. Ltd., showcases the Nintendo 3DS portable video game system at the Game Developers Conference in San Francisco on Wednesday, March 2, 2011. The Nintendo 3DS launches in the United States on March 27, 2011. (AP Photo/Nintendo of America, Kim White) NO SALESAP - With retail video game sales smacked down by the rough economy and ever-growing competition in the crowded social and mobile game marketplace, it seemed like attendees at this week's annual Game Developers Conference were more frustrated than birds catapulted at pigs.

Grocer Kroger cautiously upbeat, says 4Q profit up (AP)

Posted: 03 Mar 2011 04:32 PM 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 - The nation's largest traditional grocery chain says more households are buying most of their groceries at its stores while stretching out their spending over more trips as they face higher food and gas prices.

Spain OKs energy saving prompted by oil price rise (AP)

Posted: 04 Mar 2011 08:44 AM PST

Spain's Industry and Tourism Minister Miguel Sebastian Gascon speaks during a press conference after a Minister Council at the Moncloa Palace, in Madrid, on Friday, March 4, 2011. Spain's Minister Council has approved and fleshed out measures to save anergy. The changes, that will take effect on March 7, including subsidizing purchases of special tires designed to cut down on car's gasoline consumption, lowering its highway speed limit and passed other energy saving measures such as switching to more efficient light bulbs to offset sharply higher oil prices stemming from turmoil in the Arab world.(AP Photo/Daniel Ochoa de Olza)AP - Spain lowered its highway speed limit Friday and passed other energy-saving measures such as switching to more efficient light bulbs to offset sharply higher oil prices and protect the country's fledgling economic recovery.

British house prices slip in February: survey (AFP)

Posted: 04 Mar 2011 02:36 AM PST

An estate agents window displa in Epping in Essex in south-east England, 2008. British house prices slipped by 0.9 percent in February, offsetting a modest gain in January, data from a top home-loans provider showed.(AFP/Shaun Curry)AFP - British house prices slipped by 0.9 percent in February, offsetting a modest gain in January, data from a top home-loans provider showed on Friday.

Looming rate hike to hit Portugal at its weakest (AP)

Posted: 04 Mar 2011 06:11 AM PST

AP - The shock warning that European interest rates could rise as soon as next month has set alarm bells ringing in Portugal, slapping the debt-ridden country with an extra burden just as it fights for its financial future.

Sears aims to poach Amazon affiliate (AP)

Posted: 03 Mar 2011 04:03 PM PST

AP - Another competitor of Amazon.com Inc. is looking to take advantage of the retailer's disputes over sales taxes.

Banks receive proposals on troubled mortgages: report (Reuters)

Posted: 03 Mar 2011 09:29 PM PST

Reuters - U.S. banks received a proposal from state attorneys general and several federal agencies that could require them to reduce loan balances of troubled mortgage borrowers, the Wall Street Journal said, citing people familiar with the matter.

Exxon Mobil Back in Court Over $100 Million Valdez Oil Spill Claim (ContributorNetwork)

Posted: 04 Mar 2011 08:51 AM PST

ContributorNetwork - Although it happened more than two decades ago and until the BP oil spill last year, the Exxon Valdez oil spill was considered the largest in U.S. history. But even though the U.S. is still struggling to recover the Gulf of Mexico region from the devastating oil spill, the Exxon Valdez oil spill is still impacting the shores of the Prince William Sound shoreline. A federal hearing on Friday, March 4, will consider whether the responsible party, Exxon Mobil Corporation, still owes another $100 million in efforts and funding to clean up oil still remaining on the shore.

Business entertainment deductions can be complex (AP)

Posted: 03 Mar 2011 02:32 PM PST

AP - Taking a customer to lunch, dinner or the theater is part of doing business. And often, a lot of fun. But company owners may find that claiming such entertainment expenses as income tax deductions is complicated, and maybe painful.

France embarrassed by Renault spying debacle (Reuters)

Posted: 04 Mar 2011 08:07 AM PST

Reuters - France faced severe political embarrassment on Friday after carmaker Renault said the three top executives it sacked for industrial espionage in January might not be spies after all.

The Best Undergraduate B-Schools of 2011 (BusinessWeek)

Posted: 04 Mar 2011 05:08 AM PST

BusinessWeek - When Justin Jensen started getting serious about his college search in 2008, he had a nearly impossible list of things he was looking for in a school. He wanted a program that had a "heavy emphasis" on international experience, something more than a typical semester study abroad. He wanted to expand on his foreign language training, specifically in Chinese. He wanted to major in business, with a focus on finance. And he didn't want to pay an exorbitant amount of money in the process. It was a tall order.
Posted by Harshad at 9:08 AM

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