Yahoo! News: Health News

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• Wall Street regains momentum as S&P hits key level (Reuters)
• Growth anemic, debt fight poses recession risk (Reuters)
• Merck to slash jobs in cost-savings drive (Reuters)
• BSkyB dishes out $1.6 billion to appease investors (Reuters)
• Alibaba, Yahoo, Softbank strike pact on Alipay (Reuters)
• Fear over debt fight hits Wall St.; Dow loses 198 (AP)
• Revisions show deeper 2007-2009 recession (AP)
• Newmont Mining 2Q earnings edge up (AP)
• German retail sales jump in June (AFP)
• Mortgage rates for the past 52 weeks, at a glance (AP)
• Spain's embattled premier calls early elections (AP)
• Retail giant Metro cuts 2011 sales forecast (AFP)
• Japan banks, brokerages grapple with weak home market (Reuters)
• Analysis: Politics twists oil's route from well to gas tank (Reuters)
• Indonesian Potter fans get some relief at last (AFP)
• Obama set to announce new fuel economy standards today (Digital Trends)

Wall Street regains momentum as S&P hits key level (Reuters) Posted: 29 Jul 2011 09:20 AM PDT Reuters - Stocks regained momentum on Friday, trimming earlier losses to trade near unchanged after the S&P briefly hit a key technical level.

Growth anemic, debt fight poses recession risk (Reuters) Posted: 29 Jul 2011 07:53 AM PDT Reuters - The U.S. economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a stand-off over the nation's debt does not end quickly.

Merck to slash jobs in cost-savings drive (Reuters) Posted: 29 Jul 2011 08:17 AM PDT Reuters - Merck & Co plans to slash thousands more jobs by late 2015 to wring out additional annual cost savings of up to $1.5 billion that can be plowed back into research and deal making.

BSkyB dishes out $1.6 billion to appease investors (Reuters) Posted: 29 Jul 2011 09:35 AM PDT Reuters - BSkyB will hand out 1 billion pounds ($1.6 billion) to placate investors who lost out when a phone-hacking and police corruption scandal forced News Corp to drop its bid for the satellite broadcaster.

Alibaba, Yahoo, Softbank strike pact on Alipay (Reuters) Posted: 29 Jul 2011 09:08 AM PDT Reuters - Alibaba Group stands to get up to $6 billion in a spin-off of its Alipay e-payment division under a long-awaited deal the Chinese company struck with partners Softbank Corp and Yahoo Inc.

Fear over debt fight hits Wall St.; Dow loses 198 (AP) Posted: 27 Jul 2011 04:28 PM PDT AP - Anxiety about a deadline to raise the nation's debt ceiling swept across Wall Street on Wednesday and drove the Dow Jones industrial average down almost 200 points. With Washington showing no sign it will find a solution, financial planners around the country said their clients were increasingly worried.

Revisions show deeper 2007-2009 recession (AP) Posted: 29 Jul 2011 06:33 AM PDT AP - The 2007-2009 recession, already in the record books as the worst in the 66 years since the end of World War II, was even worse than previously thought.

Newmont Mining 2Q earnings edge up (AP) Posted: 29 Jul 2011 09:59 AM PDT AP - Newmont Mining Corp. said Friday that its second-quarter profit rose slightly as higher gold and copper prices were offset by increased costs and reduced production.

German retail sales jump in June (AFP) Posted: 29 Jul 2011 09:17 AM PDT AFP - Retail sales in Germany, the biggest European economy, gained a surprise 6.3 percent in June, provisional, seasonally-corrected official data released Friday showed.

Mortgage rates for the past 52 weeks, at a glance (AP) Posted: 28 Jul 2011 12:50 PM PDT AP - Mortgage rates for the past 52 weeks, at a glance

Spain's embattled premier calls early elections (AP) Posted: 29 Jul 2011 08:18 AM PDT AP - Spanish Prime Minister Jose Luis Rodriguez Zapatero on Friday announced early general elections in November, scheduling the race four months earlier than anticipated to give his Socialist Party a better chance to stay in power amid growing outrage over the nation's economic woes.

Retail giant Metro cuts 2011 sales forecast (AFP) Posted: 29 Jul 2011 04:11 AM PDT AFP - Metro, the world's third biggest retailer, has cut its 2011 growth forecast, a spokesman said Friday as economic activity slows down in many parts of Europe.

Japan banks, brokerages grapple with weak home market (Reuters) Posted: 29 Jul 2011 04:16 AM PDT Reuters - Lacklustre lending activity in Japan's earthquake-ravaged economy and a shrinking retail investment business capped earnings of the country's top banks and brokerages in the fiscal first quarter, raising pressure on them to take more risks and find revenue sources overseas.

Analysis: Politics twists oil's route from well to gas tank (Reuters) Posted: 29 Jul 2011 08:40 AM PDT Reuters - Politics have long skewed oil supply lines, but this year's confluence of events have bent the route from the well to the gas tank so far out of shape that West African oil is going to a refiner in Taiwan to make diesel for Brazilian truckers.

Indonesian Potter fans get some relief at last (AFP) Posted: 29 Jul 2011 09:09 AM PDT AFP - Long-suffering Indonesian movie fans flocked to cinemas Friday to see Harry Potter's last stand, following the lifting of a boycott of the country by US studios over a tax dispute.

Obama set to announce new fuel economy standards today (Digital Trends) Posted: 29 Jul 2011 04:54 AM PDT Digital Trends - It seems that the Obama administration has brought months of negotiations with automakers on new fleet-wide MPG targets to an amicable close. The new CAFE, or corporate average fuel economy, standard to be announced today requires automakers’ entire fleet average 54.5 miles per gallon by 2025.

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