Friday, February 3, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Strong jobs report pushes Nasdaq to 11-year high (Reuters)

Posted: 03 Feb 2012 08:29 AM PST

A trader yells out prices during the Initial Public Offering of Greenway Medical Technologies Inc. on the floor of the New York Stock Exchange February 2, 2012. REUTERS/Lucas JacksonReuters - Stocks rose on Friday, propelling the Nasdaq index to an 11-year high, after January's U.S. employment report sailed past expectations, boosting hopes the world's largest economy has turned a corner.

Job growth surges, jobless rate near 3-year low (Reuters)

Posted: 03 Feb 2012 09:00 AM PST

Reuters - The economy created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama as campaigning heats up ahead of November elections.

January service sector growth highest in nearly a year: ISM (Reuters)

Posted: 03 Feb 2012 07:43 AM PST

Reuters - The pace of growth in the U.S. services sector accelerated in January to its highest level in nearly a year as new orders and employment jumped, an industry report showed on Friday.

Factory orders up, business spending rises (Reuters)

Posted: 03 Feb 2012 07:01 AM PST

Reuters - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.

Goldman to face mortgage debt class-action lawsuit (Reuters)

Posted: 03 Feb 2012 09:11 AM PST

Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.

NYSE, Deutsche Boerse call off merger on EU block (AP)

Posted: 02 Feb 2012 09:15 AM PST

AP - The New York Stock Exchange and German exchange Deutsche Boerse called off their planned merger Thursday, a day after the European Union said it would block the union because of concerns about a monopoly.

Instant view: January nonfarm payrolls rose by 243,000 (Reuters)

Posted: 03 Feb 2012 06:01 AM PST

Reuters - The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, indicating last quarter's growth carried into early 2012.

Aon Q4 profit rises, but margin pressures persist (Reuters)

Posted: 03 Feb 2012 07:54 AM PST

Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.

Def Sec'y Panetta: Pressure must be kept on Iran (AP)

Posted: 03 Feb 2012 06:58 AM PST

Lt. Gen. Stephen P. Mueller welcomes Defense Secretary Leon Panetta to Ramstein Air Base, Germany, Friday, Feb. 3, 2012. (AP Photo/Jacquelyn Martin, Pool)AP - U.S. Defense Secretary Leon Panetta said Friday the key to stopping Iran from getting a nuclear bomb is keeping global support for tough economic sanctions.

If Japan Is Our Worst-Case Scenario, We're All Right (The Motley Fool)

Posted: 03 Feb 2012 07:09 AM PST

The Motley Fool - In 1991, former MIT dean Lester Thurow wrote that "If one looks at the last 20 years, Japan would have to be considered the betting favorite to win the economy honors of owning the 21st century."

Greek bailout deal held up by labor reforms talks (AP)

Posted: 03 Feb 2012 06:35 AM PST

IMF chief debt inspector Poul Thomsen arrives at a government office building before meeting Greek Finance Minister Evangelos Venizelos in central Athens on Friday, Feb. 3, 2012. Unions and employers' associations rejected demands for private-sector wage cuts, despite pressure for the country to introduce strict austerity measures if it is to receive a crucial bailout package. (AP Photo/Petros Giannakouris)AP - Unions and employers' associations in Greece on Friday rejected private-sector wage cuts, as demanded by the country's international bailout lenders if Athens is to receive a crucial, second rescue package.

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

Posted: 03 Feb 2012 03:38 AM PST

Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.

Analysis: Obstacles high for more mortgage prosecutions (Reuters)

Posted: 02 Feb 2012 06:09 PM PST

Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.

Imperial launches C$2 billion oil sands expansion (Reuters)

Posted: 03 Feb 2012 08:27 AM PST

Reuters - Imperial Oil Ltd said on Friday it will go ahead with a C$2 billion ($2 billion) expansion of its Cold Lake oil sands project, adding 40,000 barrels per day of new production to Canada's largest thermal oil sands development.

Arizona Senate approves motion picture tax credit (AP)

Posted: 03 Feb 2012 07:42 AM PST

AP - The Arizona Senate has approved a bill creating a tax credit for motion picture production in the state.

Ford draws on luxury hotel experience for Lincoln overhaul (Reuters)

Posted: 02 Feb 2012 09:51 PM PST

Reuters - In the plan to overhaul its luxury Lincoln brand, Ford Motor Co is embarking on a new approach, leaving behind the routine ideas of the auto industry and instead taking cues from the likes of high-end boutique hotels.
Posted by Harshad at 9:20 AM

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