Tuesday, September 6, 2011

Yahoo! News: Health News

Yahoo! News: Health News

European debt fears drag Wall Street lower (Reuters)

Posted: 06 Sep 2011 07:45 AM PDT

A trader works on the floor of the New York Stock Exchange August 19, 2011. REUTERS/Lucas JacksonReuters - Major stock indexes fell more than 2 percent on Tuesday on fears the euro zone's sovereign debt crisis was worsening and the U.S. economy was sliding back into recession.

Swiss draw line in the sand to cap runaway franc (Reuters)

Posted: 06 Sep 2011 09:25 AM PDT

Swiss franc banknotes of several values are sorted in a money counter in a bank in Zurich August 16, 2011. REUTERS/Arnd WiegmannReuters - The Swiss National Bank shocked markets on Tuesday by setting an exchange rate cap on the soaring franc to stave off a recession, discouraging investors anxious about flagging global growth from using the currency as a safe haven.

Private equity giant Carlyle files to go public (Reuters)

Posted: 06 Sep 2011 08:03 AM PDT

Carlyle Group co-founder and Managing Director David Rubenstein speaks at the panel discussion Reuters - The Carlyle Group filed on Tuesday for an initial public offering of its common units as it looks to join rivals Blackstone and KKR as listed private equity firms, but the filing comes amid deep uncertainty on global equity markets.

Service sector picks up, jobs still a worry (Reuters)

Posted: 06 Sep 2011 08:13 AM PDT

Reuters - The dominant services sector picked up steam unexpectedly last month, snapping a three-month streak of slower growth, though the pace of hiring slowed slightly, underscoring broader job market concerns.

Another loss-making event could scare investors: S&P (Reuters)

Posted: 06 Sep 2011 09:42 AM PDT

Reuters - Increases in the frequency and severity of natural disasters, in addition to the fact reinsurers are trading below book value, have made investors unwilling to inject capital into struggling reinsurers in the event of another loss-making event, Standard & Poor's (S&P) said on Tuesday.

Congress returns, little hope of bipartisanship (AP)

Posted: 06 Sep 2011 12:11 AM PDT

FILE - In this Aug. 31, 2011 photo, Former Vice President Dick Cheney is interviewed on the 'Fox & Friends' television program, about his book 'in My Time,' in New York. Cheney's autobiography presents a robust defense of his push for the U.S. invasion of Iraq without critically examining two issues central to America's near-failure in the war: the Bush administration's decision to disband the country's army and banish all members of Saddam Hussein's Baath Party (AP Photo/Richard Drew)AP - Members of Congress spent August listening to constituents describe their economic struggles. This week, the lawmakers return to Washington to see whether there's enough bipartisanship left to make things better.

Italian strike against cuts piles pressure on govt (AP)

Posted: 06 Sep 2011 07:57 AM PDT

Demonstrators march past the Colosseum during a general strike in Rome, Tuesday, Sept. 6, 2011. With Silvio Berlusconi's government under increasing pressure to produce credible measures to balance the budget, a strike by Italy's largest labor union against an austerity package shut down air, land and sea transport, stalled manufacturing and curtailed government services throughout the country on Tuesday. Susanna Camusso, head of the left-leaning CGIL, said the euro 45.5 billion ($68 billion) austerity package needs to be thrown out and substituted with fairer measures. (AP Photo/Pier Paolo Cito)AP - A nationwide strike against austerity measures brought Italy to a near-halt on Tuesday, piling pressure on Silvio Berlusconi's government as it tries to convince nervous markets that it can produce and enforce a credible deficit-cutting plan.

U.S. banks offered deal over lawsuits: report (Reuters)

Posted: 05 Sep 2011 10:04 PM PDT

Reuters - Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.

Spain denies again it was close to needing bailout (AP)

Posted: 06 Sep 2011 04:57 AM PDT

AP - Spain's finance minister on Tuesday denied suggestions that the country was close to needing a bailout last month.

Back to school is a test for teen retailers (AP)

Posted: 06 Sep 2011 07:07 AM PDT

FILE - In this July 5, 2011 file photo, pedestrians carrying shopping bags make their way along Fifth Avenue in New York. As the down economy batters both teens and their parents, teen clothing chains are having mixed success as they try to attract young people back into their stores by offering more of the things they love. (AP Photo/Seth Wenig, File)AP - Teens are heading back to school, but it's the retailers catering to them that are getting the first test.

Oil tumbles on fears of economic slump (AP)

Posted: 06 Sep 2011 08:11 AM PDT

Russian Prime Minister Vladimir Putin, second right, and Gazprom Chief Executive Alexei Miller seen visiting the Portovaya gas compressor station outside Vyborg, some 170 kms (105.64 miles) northwest from St. Petersburg, Russia, Tuesday, Sept. 6, 2011. Russia began Tuesday to feed natural gas into a pipeline that will ferry supplies under the Baltic sea, around traditional transit routes in Poland and Ukraine, to the lucrative Western European market. (AP Photo/RIA Novosti, Alexei Nikolsky, Pool)AP - Oil dropped more than 2 percent Tuesday on fears that the U.S. and Europe are headed for a prolonged economic slump.

White House: Irene's federal cost $1.5 billion (AP)

Posted: 05 Sep 2011 01:29 PM PDT

AP - The White House estimated on Monday that Hurricane Irene will cost federal taxpayers $1.5 billion in disaster relief, further ballooning a government account that was already the focus of fresh partisan friction between President Barack Obama and Congress.

Toyota aims for quake-proof supply chain (Reuters)

Posted: 06 Sep 2011 05:32 AM PDT

Salesforce.com Chief Executive Officer Marc Benioff speaks during a joint news conference with Japan's Toyota Motor Corp President Akio Toyoda in Tokyo May 23, 2011. REUTERS/Yuriko NakaoReuters - Toyota Motor Corp (7203.T) is working to create a robust supply chain that would recover within two weeks in the event of another massive earthquake like the one on March 11 that is still affecting output after six months, a top executive said.
Posted by Harshad at 9:53 AM

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