Yahoo! News: Health News

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• Wall Street edges up ahead of January payrolls report (Reuters)
• Jobless claims fall, jobs market slowly healing (Reuters)
• Fed will protect US from Europe fallout: Bernanke (Reuters)
• Facebook's Zuckerberg to keep iron grip after IPO (Reuters)
• Glencore and Xstrata in $80 billion takeover talks (Reuters)
• SEC advisory panel concerned about crowdfunding (Reuters)
• Dow Chemical posts 4Q loss on charge (AP)
• Kellogg fourth-quarter net income jumps (AP)
• OECD paper: Europe needs $1.3 trln bailout fund (AP)
• Mortgage rates for the past 52 weeks, at a glance (AP)
• EU official: Greece needs extra $20 billion (AP)
• Abercrombie & Fitch shares tumble on weak outlook (AP)
• Rate on 30-year mortgage falls to record 3.87 pct. (AP)
• Natural gas prices climb on lower supplies (AP)
• Providence mayor warns of possible bankruptcy (AP)
• Chrysler factory workers to get $1,500 checks (AP)

Wall Street edges up ahead of January payrolls report (Reuters) Posted: 02 Feb 2012 07:46 AM PST Reuters - Stocks edged higher on Thursday after weekly jobless claims fell in the latest week, but gains were limited as investors were reluctant to make big bets ahead of Friday's payrolls report and a recent rally.

Jobless claims fall, jobs market slowly healing (Reuters) Posted: 02 Feb 2012 07:49 AM PST Reuters - New claims for unemployment benefits in the United States fell more than expected last week, pointing to more healing in the nation's battered jobs market.

Fed will protect US from Europe fallout: Bernanke (Reuters) Posted: 02 Feb 2012 08:52 AM PST Reuters - Europe's financial crisis still threatens the U.S. recovery, and the Federal Reserve will do everything it can to protect against damage to the economy, Fed Chairman Ben Bernanke said on Thursday.

Facebook's Zuckerberg to keep iron grip after IPO (Reuters) Posted: 01 Feb 2012 10:11 PM PST Reuters - Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.

Glencore and Xstrata in $80 billion takeover talks (Reuters) Posted: 02 Feb 2012 08:21 AM PST Reuters - Commodities trader Glencore is in talks to buy mining group Xstrata in an all-share transaction that could create a combined group worth more than 50 billion pounds ($79 billion), shaking up the industry with its biggest deal to date.

SEC advisory panel concerned about crowdfunding (Reuters) Posted: 01 Feb 2012 11:59 AM PST Reuters - An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies, but it stopped short of backing a new capital-raising strategy known as "crowdfunding."

Dow Chemical posts 4Q loss on charge (AP) Posted: 02 Feb 2012 05:36 AM PST AP - Dow Chemical Co. is feeling the impact of the slowing European economy, and seeing some weakness in North America as well.

Kellogg fourth-quarter net income jumps (AP) Posted: 02 Feb 2012 09:05 AM PST AP - Kellogg Co. is showing signs of easing its way out of a two-year slump. The cereal maker reported Thursday that its net income rose 23 percent on revenue gains.

OECD paper: Europe needs $1.3 trln bailout fund (AP) Posted: 02 Feb 2012 07:56 AM PST AP - The economic organization that represents developed countries says Europe probably needs a euro1 trillion ($1.3 trillion) bailout fund if it is to stop the spread of its debt crisis.

Mortgage rates for the past 52 weeks, at a glance (AP) Posted: 02 Feb 2012 07:25 AM PST AP - Mortgage rates for the past 52 weeks, at a glance

EU official: Greece needs extra $20 billion (AP) Posted: 02 Feb 2012 07:04 AM PST AP - Greece's international debt inspectors have discovered that the debt-ridden country still needs an extra euro15 billion ($20 billion) in help — on top of a promised euro130 billion bailout and a euro100 billion debt relief from private investors, a European official said Thursday.

Abercrombie & Fitch shares tumble on weak outlook (AP) Posted: 02 Feb 2012 06:35 AM PST AP - Shares of Abercrombie & Fitch tumbled 11 percent to a 52-week low in early trading Thursday after the retailer said that its fourth-quarter adjusted earnings and revenue will likely disappoint Wall Street.

Rate on 30-year mortgage falls to record 3.87 pct. (AP) Posted: 02 Feb 2012 07:17 AM PST AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

Natural gas prices climb on lower supplies (AP) Posted: 02 Feb 2012 09:22 AM PST AP - Natural gas prices climbed more than 3 percent Thursday after the government said the nation's supplies shrank last week.

Providence mayor warns of possible bankruptcy (AP) Posted: 02 Feb 2012 08:55 AM PST AP - Mayor Angel Taveras painted a bleak picture Thursday of the city's finances, saying Providence faces "devastation" and could go bankrupt if retiree benefits aren't cut and tax-exempt institutions like Brown University don't pay more in lieu of taxes.

Chrysler factory workers to get $1,500 checks (AP) Posted: 02 Feb 2012 08:31 AM PST AP - Factory workers at Chrysler will get profit-sharing checks of about $1,500 next month as they share in the automaker's improbable turnaround.

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