Saturday, July 30, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street Week Ahead: Debt and data suggest more losses (Reuters)

Posted: 29 Jul 2011 02:17 PM PDT

Traders work on the main trading floor of the New York Stock Exchange July 29, 2011. REUTERS/Mike SegarReuters - Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.

Billionaire Wilbur Ross downplays downgrade threat (Reuters)

Posted: 30 Jul 2011 08:18 AM PDT

Reuters - A downgrade of sovereign debt would not necessarily have a big impact on financial markets, billionaire investor Wilbur Ross said.

Asian shares slip as US debt deadline looms (AFP)

Posted: 29 Jul 2011 12:38 AM PDT

A man looks at an electric quotation board flashing share prices of the Tokyo Stock Exchange (TSE)in Tokyo. Asian stocks fell Friday as traders grew nervous that US lawmakers were still deadlocked on a deal to avert a default by the world's richest country.(AFP/File/Toru Yamanaka)AFP - Asian stocks fell Friday on growing concern that US lawmakers will not break a deadlock on a deal to avert a default by the world's richest country.

Debt crisis strains banks, threatens consumers (Reuters)

Posted: 29 Jul 2011 02:46 PM PDT

Reuters - The crisis over raising the debt ceiling may have been manufactured by politicians, as many on Wall Street charge, but its effect on consumers and the broader economy is likely to prove very real.

Earnings Preview: Pfizer to report on 2nd quarter (AP)

Posted: 29 Jul 2011 01:53 PM PDT

AP - Pfizer Inc., which reports second-quarter results before the stock market opens Tuesday, will discuss a few recent drug approvals, new data on some experimental drugs and plans to divest some of its non-core businesses.

S&P cuts Cyprus credit rating on debt concerns (AP)

Posted: 29 Jul 2011 11:27 AM PDT

AP - Standard & Poors agency cut Cyprus' credit grade by one notch to BBB+, or three notches above junk status on Friday, and warned of a further downgrade on concerns that the country won't meet its deficit reduction targets for the next two years.

Bank of America hit with new Countrywide lawsuit (AP)

Posted: 29 Jul 2011 03:37 PM PDT

AP - Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp., which the bank bought in 2008.

IMF warns Spain of 'underlying problems' in the economy (AFP)

Posted: 29 Jul 2011 11:37 AM PDT

A girl displays the 50 Euro cents in its Spanish version displaying Miguel de Cervantes in Madrid 2001. The IMF praised Spanish government's AFP - The IMF praised Spanish government's "strong and wide-ranging" response to its economic crisis Friday but warned that many of the underlying problems have not been fully addressed.

Former NY official admits guilt in Hamptons fraud (AP)

Posted: 29 Jul 2011 01:53 PM PDT

AP - A former New York lawmaker convicted of insurance fraud earlier this year has pleaded guilty in a separate multimillion-dollar mortgage fraud scheme.

Militants attack gas pipeline in Egypt's Sinai (AFP)

Posted: 30 Jul 2011 06:17 AM PDT

Egyptian security forces guard a gas pipeline in the Sinai peninsula that was attacked by saboteurs on July 12. Unidentified gunmen have attacked a terminal on the gas pipeline to Israel for the fifth time since February, a security official said.(AFP/File)AFP - Unidentified gunmen on Saturday attacked a terminal on the gas pipeline to Israel for the fifth time since February, a security official said.

British Electric Vehicle Company Coming to St. Louis (ContributorNetwork)

Posted: 29 Jul 2011 03:38 PM PDT

ContributorNetwork - The British invasion of America is happening again, this time in the middle of the heartland. The St. Louis Business Journal reports that Emerald Automotive, a 3-year-old hybrid car manufacturer, will build a plant in Hazelwood. By 2014, the facility will employ over 580 people. Cars and vans will use gas or diesel-powered engines to recharge batteries.
Posted by Harshad at 9:06 AM

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