Thursday, June 2, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Nervous investors eye key level in choppy trade (Reuters)

Posted: 02 Jun 2011 08:59 AM PDT

The Dow Jones industrial average dropped 279.42 points, or 2.22 percent, to 12,290.37. REUTERS/GraphicReuters - The S&P 500 traded at a six-week low, taking out its lowest point for May at 1,311.80, as nervous investors focused on key market levels to manage risk a day after stocks' worst one-day fall in nearly a year.

Goldman Sachs gets subpoena from Manhattan DA (Reuters)

Posted: 02 Jun 2011 08:35 AM PDT

A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange in this January 19, 2011 file photo. Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said. The subpoena from the Manhattan District Attorney's office is based on information contained in a U.S. Senate subcommittee investigation into Wall Street's role in the housing market collapse. Picture taken January 19, 2011. REUTERS/Brendan McDermid/Files (UNITED STATES - Tags: BUSINESS CRIME LAW)Reuters - Goldman Sachs Group Inc received a subpoena from New York prosecutors seeking information on the investment bank's actions leading into the global financial crisis, a person familiar with the matter said.

Moody's may cut BofA, Citi, Wells ratings (Reuters)

Posted: 02 Jun 2011 09:38 AM PDT

Reuters - Moody's Investors Service said it may downgrade the debt ratings of Bank of America Corp , Citigroup Inc and Wells Fargo & Co , citing concerns about waning political willingness to offer support for the largest U.S. banks.

Jobless claims fall as labor costs tepid (Reuters)

Posted: 02 Jun 2011 07:43 AM PDT

Reuters - New U.S. claims for unemployment benefits fell last week, but not enough to assuage fears the labor market recovery has taken a step back.

U.S. probes Google's serious China hacking allegation (Reuters)

Posted: 02 Jun 2011 08:58 AM PDT

Reuters - Google Inc's allegations that hackers, probably from China, sought to access the Gmail accounts of senior U.S. officials are very serious and the U.S. government is investigating them, Secretary of State Hillary Clinton said on Thursday.

Summary Box: Stocks drop on economic fears (AP)

Posted: 01 Jun 2011 02:21 PM PDT

AP - JOBS SURPRISE: Private companies added just 38,000 jobs in May, payroll processor ADP said. Economists had expected a growth of 180,000.

How states fared on unemployment aid applications (AP)

Posted: 02 Jun 2011 06:00 AM PDT

AP - Fewer people applied for unemployment benefits last week, though the number of applications remains high. Applications fell 6,000 to 422,000, but that's far above the 375,000 level that signals sustained job growth.

Trichet calls for eurozone finance ministry (AP)

Posted: 02 Jun 2011 08:07 AM PDT

President of the European Central Bank Jean-Claude Trichet waves from the balcony after he received the International Charlemagne Prize of Aachen (Karlspreis) in the city of Aachen, western Germany, Thursday, June 2, 2011. Trichet has won this year's prestigious Charlemagne Prize for his efforts to keep the euro stable amid the economic crisis, the prize committee said. The important political prize is awarded to outstanding Europeans since 1950. (AP Photo/Martin Meissner)AP - The head of the European Central Bank pressed for tighter EU control over spending by national governments to strengthen the currency union against future crises and even proposed creating a single finance ministry for the 17-nation bloc.

Fixed mortgage rates drops for 7th straight week (AP)

Posted: 02 Jun 2011 08:11 AM PDT

AP - Fixed mortgage rates slid for the seventh consecutive week, but the lowest rates of the year have done little to lift the struggling housing market.

AP Source: Goldman Sachs subpoenaed (AP)

Posted: 02 Jun 2011 09:22 AM PDT

AP - Goldman Sachs Group Inc. was subpoenaed by the Manhattan District Attorney's office over the investment bank's activities leading up to the financial crisis, a person familiar with the matter told The Associated Press.

Why Home Prices Are Double Dipping (U.S. News & World Report)

Posted: 02 Jun 2011 07:17 AM PDT

U.S. News & World Report - More bad news for the housing market cropped up in data released this week, indicating that home prices have double dipped, dropping to new post-Recession lows in March. The disappointing figures scale back incremental gains made in the wake of the 2010 home buyer's tax credit and reinforce the probability of a long, slow recovery for the housing market.

Oil below $99 as supplies grow, demand slumps (AP)

Posted: 02 Jun 2011 09:40 AM PDT

OPEC building is pictured in the centre Vienna September 14, 2010. REUTERS/Herwig PrammerAP - Oil dropped below $99 per barrel after the government reported an unexpected increase in U.S. supplies.

AP NewsBreak: Taxpayer identity theft is soaring (AP)

Posted: 01 Jun 2011 05:44 PM PDT

AP - Imagine filing your tax return and learning that someone else got your refund. With your name and Social Security number, no less.

Toyota says China sales down 35 percent in May from year ago (Reuters)

Posted: 01 Jun 2011 08:19 PM PDT

Reuters - Toyota Motor (7203.T) said on Thursday that it sold 38,500 cars in China during May, 35 percent less than a year ago, due the part shortage caused by Japan's devastating earthquake and tsunami in March.

Health Exchanges: Common Ground for Medicare Reform? (BusinessWeek)

Posted: 02 Jun 2011 05:08 AM PDT

BusinessWeek - Medicare is on track to consume 7 percent of gross domestic product by 2035, double the current level, according to a Congressional Budget Office scenario that incorporates widely expected developments. On May 13, Medicare's trustees predicted that the program's Hospital Insurance Trust Fund, which helps cover benefits for future retirees, would be exhausted by 2024, five years earlier than predicted last year.
Posted by Harshad at 9:54 AM

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