Wednesday, August 3, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Economy woes hit Wall St; S&P at new low for year (Reuters)

Posted: 03 Aug 2011 09:10 AM PDT

The Dow Jones industrial average dropped 265.87 points, or 2.19 percent, to 11,866.62. REUTERS/GraphicReuters - Stocks fell on Wednesday, and the S&P 500 hit a new low for the year as the latest data triggered more pessimism about the economy's outlook.

Service sector growth slowest since 2010 (Reuters)

Posted: 03 Aug 2011 08:12 AM PDT

Reuters - The pace of growth in the services sector ticked down unexpectedly in July to the lowest level since February 2010, while the number of jobs created by the private sector also slowed, separate reports showed on Wednesday.

Big media's profits defy gloomy outlook, for now (Reuters)

Posted: 03 Aug 2011 09:07 AM PDT

The offices and studios of Comcast Entertainment Group which operates E! Entertainment Television, the Style Network and G4 network are pictured in Los Angeles November 12, 2009. REUTERS/Fred ProuserReuters - Big media's results are holding up well in the face of a bleak economic outlook. Now, the question is how long can they outrun high unemployment, a lousy housing market and low consumer confidence?

EU says euro area's systemic capacity in doubt (Reuters)

Posted: 03 Aug 2011 06:39 AM PDT

A man walks past a closed shop with a sign reading 'Buy gold' in downtown Rome, August 1, 2011. REUTERS/Tony GentileReuters - The European Union voiced support for Italy and Spain under attack on financial markets but acknowledged that investors now doubt whether the euro zone can overcome its sovereign debt woes.

MasterCard profit jumps 33 percent (Reuters)

Posted: 03 Aug 2011 06:31 AM PDT

Reuters - MasterCard Inc's second-quarter profit rose a better-than-expected 33 percent as the company processed more card transactions and revenue increased.

FTSE ends down on weak US consumer report (AFP)

Posted: 02 Aug 2011 09:34 AM PDT

Stocks in London closed lower on Tuesday after a disappointing report on US consumer spending added to worries about the weak economy, overshadowing expected passage of the debt-ceiling deal in Congress.(AFP/File/Ben Stansall)AFP - Stocks in London closed lower on Tuesday after a disappointing report on US consumer spending added to worries about the weak economy, overshadowing expected passage of the debt-ceiling deal in Congress.

Treasury advisers see no US downgrade imminent (AFP)

Posted: 03 Aug 2011 06:28 AM PDT

A stock specialists monitors prices on the floor of the New York Stock Exchange on August 2. A committee of private financial advisers to the US Treasury does not believe that the country's credit rating will be downgraded in the near future, the Treasury said Wednesday.(AFP/File/Stan Honda)AFP - A committee of private financial advisers to the US Treasury does not believe that the country's credit rating will be downgraded in the near future, the Treasury said Wednesday.

CenturyLink misses earnings expectations (AP)

Posted: 03 Aug 2011 08:15 AM PDT

AP - Phone company CenturyLink Inc.'s second-quarter profit fell 78 percent as it had to write off more than expected of the value of Qwest, which it bought in April.

EU rushes to ease 'unwarranted' pressure on Italy, Spain (AFP)

Posted: 03 Aug 2011 08:12 AM PDT

Luxembourg Prime Minister and eurozone president Jean-Claude Juncker (R) welcomes Italian Finance Minister Giulio Tremonti at the Hotel de Bourgogne, Luxembourg Government building on August 3, 2011. European Union leaders rushed on Wednesday to tackle ramped-up pressure over sovereign debts, as global markets tumbled amid Chinese anger at an 11th-hour US debt deal.(AFP/Georges Gobet)AFP - EU executive chief Jose Manuel Barroso moved to soothe financial markets and ease "unwarranted" pressure on economic giants Italy and Spain as Europe scrambled Wednesday to ward off fresh euro turmoil.

Mortgage applications rose last week: MBA (Reuters)

Posted: 03 Aug 2011 04:01 AM PDT

On this Friday, June 24, 2011, photo, tape marked caution flaps in the wind outside a motel in Victorville, Calif. Once a boomtown where housing came cheap, this remote desert city far east of Los Angeles is now a poster child for an economic hangover that just won't quit: One in 59 homes is in foreclosure and unemployment hovers near 14 percent. Yet residents see an end to their tale of woe in the misfortunes of others. (AP Photo/Jae C. Hong)Reuters - Applications for U.S. home mortgages rose last week as interest rates fell, an industry group said on Wednesday.

Indian stocks slide on global economy fears (AFP)

Posted: 03 Aug 2011 08:58 AM PDT

An Indian stockbroker is pictured during intraday trade at a brokerage firm in Mumbai. Indian shares slid 0.94 percent on Wednesday, below the 18,000-point level, as regional markets weakened on concerns over the global economic outlook and the US economy.(AFP/Indranil Mukherjee)AFP - Indian shares slid 0.94 percent on Wednesday, below the 18,000-point level, as regional markets weakened on concerns over the global economic outlook and the US economy.

Australian retail slump deepens in June (AFP)

Posted: 02 Aug 2011 11:18 PM PDT

A shop advertises discounts of up to 60 per cent to try to lure shoppers at Sydney's historic Rocks area in July 2011. Sales slumped for a second month in Australia's embattled retail sector in June, data showed Wednesday, as consumers saved rather than spent and sought bargains offshore with the strong local dollar.(AFP/File/Torsten Blackwood)AFP - Sales slumped for a second month in Australia's embattled retail sector in June, data showed Wednesday, as consumers saved rather than spent and sought bargains offshore with the strong local dollar.

Romney Breaks with GOP Over Global Warming, Fails to Mention Diesel Solution (ContributorNetwork)

Posted: 03 Aug 2011 08:08 AM PDT

ContributorNetwork - COMMENTARY | "I believe the world is getting warmer, and I believe that humans have contributed to that. It's important for us to reduce our emissions of pollutants and greenhouse gases that may be significant contributors," said Republican Presidential candidate and former Governor of Massachusetts Mitt Romney on Friday, according to Reuters. Sounding more like Al Gore than the poster boy for Republican rhetoric which usually sounds something like "Drill, baby. Drill." Romney called for the nation to reduce its dependence on foreign oil, but added, "I love solar and wind (power) but they don't drive cars. And we're not all going to drive Chevy Volts."

Default avoided but fears on economy remain (Reuters)

Posted: 03 Aug 2011 05:52 AM PDT

Reuters - The United States stepped back from the brink of default on Tuesday but congressional approval of a last-ditch deficit-cutting plan failed to dispel fears of a credit downgrade and future tax and spending feuds.

Marchionne: next Chrysler CEO likely after 2015 (Reuters)

Posted: 03 Aug 2011 08:55 AM PDT

Sergio Marchionne, Chrysler Group LLC. Chief Executive Officer, speaks during a news conference at the Chrysler Casting Plant in Etobicoke May 30, 2011. REUTERS/Mike CasseseReuters - Sergio Marchionne, the chief executive of both Chrysler and its controlling shareholder Fiat SpA , said he hoped to stay on through 2015 and would groom a successor from within the company's ranks.
Posted by Harshad at 9:14 AM

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