Monday, July 25, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall St declines as debt talks stall (Reuters)

Posted: 25 Jul 2011 09:03 AM PDT

Traders work on the floor of the New York Stock Exchange July 11, 2011. REUTERS/Brendan McDermidReuters - Stocks fell on Monday as continued political sparring in Washington over the debt ceiling heightened worries of a U.S. rating downgrade, sending world equities lower.

RIM adjusts to new reality by slashing 2,000 jobs (Reuters)

Posted: 25 Jul 2011 09:06 AM PDT

Reuters - BlackBerry maker Research In Motion plans to cut about 11 percent of its workforce as it struggles to keep pace with Apple and Google in the mobile market it once dominated.

Lawmakers split as debt deadline looms (Reuters)

Posted: 25 Jul 2011 07:27 AM PDT

Reuters - A sharply divided Congress pursued rival budget plans on Monday that appeared unlikely to win broad support, pushing the United States closer to a ratings downgrade and debt default that would send shock waves through global markets.

Chrysler and union seek deal without arbitration (Reuters)

Posted: 25 Jul 2011 08:15 AM PDT

Reuters - Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.

Moody's warns Greek default almost certain (Reuters)

Posted: 25 Jul 2011 06:08 AM PDT

Reuters - Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.

Japan plans $128 bln in reconstruction bonds: Nikkei (Reuters)

Posted: 23 Jul 2011 07:24 PM PDT

Reuters - The Japanese government plans to issue 10 trillion yen ($128 billion) in reconstruction bonds and cut spending by 3 trillion yen to pay for more projects to rebuild the devastated northeast, the Nikkei business daily reported on Sunday.

Back from war, young vets struggle to find good jobs (Reuters)

Posted: 23 Jul 2011 03:18 PM PDT

Reuters - Given the high unemployment rate among young male veterans, 25-year-old Thomas Jones and 31-year-old Vincent Moore Jr. are thankful to at least have work at a Suffolk, Virginia video game store.

Cigarette maker Lorillard 2Q profit rises (AP)

Posted: 25 Jul 2011 08:41 AM PDT

AP - Cigarette maker Lorillard Inc.'s profit increased more than 10 percent in the second quarter as it sold more Newport and Maverick cigarettes at higher prices.

Moody's warns Greek default virtually 100 percent (AP)

Posted: 25 Jul 2011 07:54 AM PDT

A man shields himself from the sun as he crosses the street in front of the Central Bank of Greece building in central Athens on Monday, July 25, 2011. Earlier Monday, Moody's international credit rating agency slashed Greece's rating by three notches to the last toehold above a default. Moody's signaled it was likely to slap a default rating on Greece as a result of its latest international bailout deal, which anticipates losses to private holders of Greek government debt. (AP Photo/Petros Giannakouris)AP - Moody's downgraded Greece's bond ratings by a further three notches Monday and warned that it is almost inevitable the country will be considered to be in default following last week's new bailout package.

Russia raises grain export forecast after embargo (AFP)

Posted: 25 Jul 2011 07:46 AM PDT

A Russian man shovels grain at a farm in Vasyurinskoe. Russia has raised its 2011 grain export forecast to 20 million tonnes after a year-long absence from global markets which was a factor in a rise in world food prices last year.(AFP/File/Mikhail Mordasov)AFP - Russia raised on Monday its 2011 grain export forecast to 20 million tonnes after a year-long absence from global markets which was a factor in a rise in world food prices last year.

A Cuban housing market? Govt is lifting a taboo (AP)

Posted: 25 Jul 2011 05:59 AM PDT

In this July 14, 2011 photo, Claudia Martinez, who is pregnant, and her husband Marvin Cabrera speak with neighbors at the entrance of their home in Havana. Fifty years after Fidel Castro's revolution froze property transactions, a severe housing crisis has stubbornly resisted repeated government attempts to fix the problem. But President Raul Castro has pledged to legalize the purchase and sale of homes by the end 2011, bringing the informal market out of the shadows. (AP Photo/Javier Galeano)AP - Each morning before the sun rises too high, Cubans gather at a shaded corner in central Havana, mingling as though at a cocktail party. The icebreaker is always the same: "What are you offering?"

Iran inks gas pipeline deal with Iraq and Syria (AFP)

Posted: 25 Jul 2011 09:02 AM PDT

A man works on a gas pumping tube in the southern city of Basra 2007. Iran, Iraq and Syria inked on Monday a Memorandum of Understanding for the construction of pipelines designed to deliver Iran's natural gas to the two Arab nations, local media reported.(AFP/File/Essam al-Sudani)AFP - Iran, Iraq and Syria inked on Monday a Memorandum of Understanding for the construction of pipelines designed to deliver Iran's natural gas to the two Arab nations, local media reported.

Harry Potter to end Indonesia's Hollywood drought (AP)

Posted: 25 Jul 2011 05:17 AM PDT

AP - Hollywood blockbusters will soon return to Indonesian screens, with the final "Harry Potter" film leading the way to end a five-month drought caused by a standoff over the country's tax on imported movies, an official said Monday.

UAW wants bigger cut of Detroit's newfound profits (AP)

Posted: 25 Jul 2011 08:34 AM PDT

FILE - In this June 9, 2011 file photo, line worker Cheryl Simpson moves a transmission from the assembly line to a pallet at the Ford Van Dyke Transmission Plant in Sterling Heights, Mich., Thursday, June 9, 2011. Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice. Just how much they get is the central question hanging over contract talks that start this week between Detroit and one of the nations largest and most powerful unions.(AP Photo/Carlos Osorio, file)AP - To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago.
Posted by Harshad at 9:19 AM

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