Friday, September 2, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall St tumbles after dismal jobs report (Reuters)

Posted: 02 Sep 2011 08:31 AM PDT

A trader works on the floor of the New York Stock Exchange August 22, 2011. REUTERS/Brendan McDermidReuters - Wall Street stocks tumbled on Friday, with major indexes falling as much as 2 percent as data showed U.S. jobs growth flatlined in August, exacerbating worries the economy is faltering.

Job growth grinds to halt (Reuters)

Posted: 02 Sep 2011 08:57 AM PDT

Reuters - U.S. employment growth ground to a halt in August as sagging confidence discouraged already skittish businesses from hiring, piling pressure on the Federal Reserve to provide more stimulus to aid the economy.

Regulator to sue major banks over mortgages (Reuters)

Posted: 02 Sep 2011 09:03 AM PDT

Reuters - A U.S. regulator will soon file lawsuits against major banks accusing them of bundling subprime home loans into bonds that never should have been sold to investors and causing mortgage giants Fannie Mae and Freddie Mac to lose billions, according to a source familiar with the matter.

News Corp shuffles board, Murdoch earns $33 million (Reuters)

Posted: 02 Sep 2011 08:33 AM PDT

Reuters - Venture capitalist Thomas Perkins quit News Corp's board just weeks after publicly backing Chief Executive Rupert Murdoch, who is dealing a UK phone hacking scandal that has rocked his media empire.

Analysis: Uneven Europe stock selloff leaves islands of value (Reuters)

Posted: 02 Sep 2011 07:47 AM PDT

Reuters - The great August stock selloff has been far from uniform. Some sectors are now pricing in a far bigger risk of recession than others, leaving islands of potential value for the brave.

Canadian suit expands Sino-Forest allegations (Reuters)

Posted: 31 Aug 2011 02:17 PM PDT

Reuters - Sino-Forest is facing accusations in a proposed class-action suit that go beyond fraud allegations that have triggered investigations, its CEO's resignation and its removal from Toronto's main stock index.

Factbox: Cost estimates of Storm Irene on states (Reuters)

Posted: 01 Sep 2011 04:49 PM PDT

A bike is parked on Hwy 12, the main road that connects Cape Hatteras National Seashore to the mainland, after it was destroyed by Hurricane Irene in Rodanthe, North Carolina August 28, 2011. REUTERS/Jose Luis MaganaReuters - Catastrophe modeling company Eqecat, whose software is used by insurers to predict exposure to disasters, estimated the economic losses in the United States from Hurricane Irene at more than $10 billion.

Campbell Soup adjusted profit tops Street view (AP)

Posted: 02 Sep 2011 08:19 AM PDT

This Aug. 31, 2011 photo shows an opened can of Campbell's soup in New York. Campbell Soup Co.'s fiscal fourth-quarter net income slipped 12 percent Friday, Sept. 2, 2011, weighed down by restructuring charges. But the food maker's adjusted results surpassed Wall Street's expectations, and its revenue rose on strong results from its baking and snacking segment. (AP Photo/James H. Collins)AP - Campbell Soup Co.'s fiscal fourth-quarter profit slipped 12 percent, weighed down by restructuring charges.

Greece, troika disagree over deficit (AP)

Posted: 02 Sep 2011 07:53 AM PDT

Greek finance minister Evangelos Venizelos addresses the media during a press conference on the state of the Greek economy in Athens on Friday, Sept. 2, 2011. Venizelos rejected reports that the country's international debt review has been suspended due to a break-down in talks, saying the pause was scheduled and insisted the government would not impose any additional revenue-generating measures beyond what had already been agreed and voted on in Parliament as part of conditions for Greece's bailout. The finance minister said the country is in a deeper recession than originally forecast — he estimated the economic contraction will be 'very close' to 5 percent this year.(AP Photo/Kostas Tsironis)AP - Disagreements over Greece's massive budget deficits and how to make up for the funding shortfalls led international debt inspectors to suspend their review and leave Athens on Friday, as the finance minister warned an even deeper recession will hurt its deficit-cutting efforts.

Reports: US to sue big banks over risky mortgages (AP)

Posted: 02 Sep 2011 06:52 AM PDT

AP - The U.S. government is planning to sue some of the country's largest banks over mortgage-backed securities they sold that lost value in the housing market collapse, according to published reports Friday.

Greece, EU/IMF talks on hold, at odds over deficit (Reuters)

Posted: 02 Sep 2011 07:52 AM PDT

Greece's Finance Minister Evangelos Venizelos addresses reporters during a news conference in Athens August 25, 2011. REUTERS/John KolesidisReuters - Talks between Greece and its international lenders on a new aid tranche were put on hold on Friday after disagreement over why Athens has fallen behind schedule in cutting its budget deficit and what it must do to catch up.

U.S. to sue big banks over mortgage securities: report (Reuters)

Posted: 01 Sep 2011 07:33 PM PDT

Reuters - The agency that oversees mortgage markets is preparing to file suit against "more than a dozen" big U.S. banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, the New York Times reported on Thursday.

Libya: 5 foreign oil companies back working (AP)

Posted: 02 Sep 2011 09:19 AM PDT

AP - At least five foreign oil and gas companies are back in Libya to work on resuscitating production, a Libyan official said Friday, as the country's interim leadership sought guidance from U.N. and other experts on stabilizing the nation following strongman Moammar Gadhafi's ouster.

More Relief for Joplin Businesses Could Be on the Way (ContributorNetwork)

Posted: 01 Sep 2011 03:36 PM PDT

ContributorNetwork - BRANSON, Mo. -- If a special session of the Missouri General Assembly has its way, more help will be on the way for more than 500 businesses affected by the destructive tornado that pummeled Joplin, Mo., May 22. Business Insider reports Gov. Jay Nixon will support an initiative to offer waivers for property tax bills for businesses destroyed by the tornado.

General Motors hires Lutz to advise company execs (AP)

Posted: 02 Sep 2011 09:28 AM PDT

AP - General Motors Co. is hiring former Vice Chairman Bob Lutz to advise its senior leaders, continuing a relationship with a seasoned industry veteran.
Posted by Harshad at 9:53 AM

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