Thursday, August 4, 2011

Yahoo! News: Health News

Yahoo! News: Health News

S&P 500 and Dow both fall 3 percent (Reuters)

Posted: 04 Aug 2011 08:54 AM PDT

A trader works on the floor of the New York Stock Exchange, August 3, 2011. REUTERS/Brendan McDermidReuters - The S&P 500 and Dow both fell more than 3 percent on Thursday, with investors worried about the outlook for the U.S. economy and the debt crisis in Europe.

Jobs, retail sales data support recovery hopes (Reuters)

Posted: 04 Aug 2011 08:27 AM PDT

Reuters - The number of Americans claiming new unemployment benefits was steady last week and heavy discounting lifted sales at retailers in July, hopeful signs for the sputtering economy.

Kraft's Rosenfeld breaking up food giant she built (Reuters)

Posted: 04 Aug 2011 08:26 AM PDT

Reuters - Kraft Foods Inc Chief Executive Irene Rosenfeld is breaking up the food giant, just 18 months after driving through the controversial acquisition of UK chocolate maker Cadbury.

GM profit nearly doubles, slowdown risk ahead (Reuters)

Posted: 04 Aug 2011 08:21 AM PDT

Workers assemble General Motors trucks on the assembly line at the Flint assembly plant in Michigan in July 2011. General Motors reported an 89 percent jump in second quarter profits Thursday, confirming its climb out of bankruptcy and showing it continued to sell cars despite a downturn in consumer spending.(AFP/Getty Images/File/Bill Pugliano)Reuters - General Motors Co's quarterly profit shot past Wall Street expectations, but its share price slipped as investors focused on the risks of a sputtering economy and resurgent Japanese rivals.

Italy prosecutors seize Moody's, S&P documents (Reuters)

Posted: 04 Aug 2011 08:24 AM PDT

Reuters - Italian prosecutors have seized documents at the offices of rating agencies Moody's and Standard & Poor's in a probe over suspected "anomalous" fluctuations in Italian share prices, a prosecutor said on Thursday.

How the major stock indexes fared Wednesday (AP)

Posted: 03 Aug 2011 02:08 PM PDT

AP - The Dow ended a volatile day with small gains Wednesday to avoid a losing streak not seen since Jimmy Carter was president.

Insight: CEOs warned: mind the pay gap (Reuters)

Posted: 04 Aug 2011 04:41 AM PDT

Britain's Business Secretary Vince Cable addressing the annual Confederation of British Industry conference in London, in October 2010. REUTERS/Toby MelvilleReuters - A stuttering economy and anemic profit growth means company bosses' pay is unlikely to rise as fast this year as in 2010, but complaints from politicians and disgruntled shareholders over executive rewards are not going away.

CVS Caremark 2Q profit slips 1 percent (AP)

Posted: 04 Aug 2011 09:18 AM PDT

In this June 20, 2011 photo, the logo for a CVS store is displayed in Philadelphia. CVS Caremark said Thursday, Aug. 4, 2011, its profit slipped 1 percent in the second quarter as its pharmacy benefits management business weathered lower prices on contract renewals.(AP Photo/Matt Rourke)AP - CVS Caremark said Thursday its profit slipped 1 percent in the second quarter as its pharmacy benefits management business weathered lower prices on contract renewals.

Italy probing rating agencies (AP)

Posted: 04 Aug 2011 09:14 AM PDT

AP - Italian prosecutors are investigating two rating agencies after consumer groups complained about them causing turbulence on financial markets.

American Capital Mortgage shares sink in debut (AP)

Posted: 04 Aug 2011 08:42 AM PDT

AP - Shares of American Capital Mortgage Investment Corp. are dropping in the real estate investment trust's trading debut.

Russia urges Georgia not to block its WTO entry (Reuters)

Posted: 04 Aug 2011 09:18 AM PDT

Russia's President Dmitry Medvedev (R) speaks during an interview with journalists representing Russian Ekho Moskvy radio, Russia Today television and Georgia's PIK-TV at the presidential residence Bocharov Ruchei in Sochi August 4, 2011. REUTERS/Vladimir Rodionov/RIA Novosti/KremlinReuters - President Dmitry Medvedev urged Georgia Thursday not to block Russia's entry to the World Trade Organization, saying it could help the two countries move toward eventually restoring diplomatic relations.

Chains win shoppers, July sales with discounts (Reuters)

Posted: 04 Aug 2011 08:12 AM PDT

Shoppers browse items in an aisle at Target in Falls Church, Virginia May 28, 2010. REUTERS/Kevin LamarqueReuters - Deep discounts and the warmest July weather in decades brought U.S. shoppers to malls, helping many retail chains report healthy monthly sales increases.

Rate on 15-year mortgage falls to decades low (AP)

Posted: 04 Aug 2011 07:35 AM PDT

AP - The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades.

UN: Widespread oil damage found in Nigeria delta (AP)

Posted: 04 Aug 2011 07:52 AM PDT

AP - A United Nations report says there is widespread ecological damage from oil spills in a region of Nigeria's crude-rich southern delta.

Japan quake helps GM profits soar in Q2 (AFP)

Posted: 04 Aug 2011 09:00 AM PDT

Workers assemble General Motors trucks on the assembly line at the Flint assembly plant in Michigan in July 2011. General Motors reported an 89 percent jump in second quarter profits Thursday, confirming its climb out of bankruptcy and showing it continued to sell cars despite a downturn in consumer spending.(AFP/Getty Images/File/Bill Pugliano)AFP - The weakness of earthquake-hit Japanese automakers helped General Motors nearly double profits in the second quarter, with US sales and market share jumping in the period, company results showed Thursday.
Posted by Harshad at 9:50 AM

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