Tuesday, February 7, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall St edges higher as Greece draws up bailout terms (Reuters)

Posted: 07 Feb 2012 08:15 AM PST

Traders work on the floor of the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermidReuters - Stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.

Greece drafts bailout text for parties as talks inch forward (Reuters)

Posted: 07 Feb 2012 08:24 AM PST

Reuters - Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal needed to avoid a chaotic debt default.

Coca-Cola beats Street, eyes cost savings (Reuters)

Posted: 07 Feb 2012 06:48 AM PST

Reuters - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday that it will use to boost its brands and mitigate higher commodity costs.

Glencore-Xstrata deal meets shareholder opposition (Reuters)

Posted: 07 Feb 2012 06:31 AM PST

Reuters - At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading.

Bernanke repeats vow to shield U.S. from Europe fallout (Reuters)

Posted: 07 Feb 2012 07:02 AM PST

Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.

Merger fails, but D.Boerse CEO says allies a must (Reuters)

Posted: 05 Feb 2012 02:24 PM PST

Reuters - D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse (DB1Gn.DE) does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext , its chief executive told a German newspaper.

Walmart names ex-Woolworths veteran as new China CEO (Reuters)

Posted: 07 Feb 2012 03:40 AM PST

Reuters - Wal-Mart Stores Inc has named an industry veteran, but a relative newcomer to China, to run what is a strategically crucial business for the world's biggest retailer as it faces tougher competition in the fastest growing major economy.

Coca-Cola adjusted 4Q results beat Street (AP)

Posted: 07 Feb 2012 09:18 AM PST

FILE - In this Aug. 8, 2011 file photo, cases of Coca-Cola are seen on a counter at a local store in West Bath, Maine, in this photo illustration. Coca-Cola Co.'s fourth-quarter net income dropped 71 percent, weighed down by restructuring charges and other costs. But the beverage maker's adjusted results topped Wall Street's expectations. (AP Photo/Pat Wellenbach, File)AP - Coca-Cola reported an effervescent fourth quarter Tuesday, as the company sold more of its drinks globally and its earnings beat analyst expectations.

UBS Q4 profit hit by fallout from trading scandal (AP)

Posted: 07 Feb 2012 09:08 AM PST

UBS CEO Sergio Ermotti, right, and CFO Tom Naratil, left, prepare to speak at a news conference announcing the bank's 2011 full year result in Zurich, Switzerland, Tuesday, Feb. 7, 2012. Switzerland's biggest bank UBS AG reported Tuesday a 76 percent drop in net profits during the fourth quarter of 2011 compared with the same period in 2010, a sign of continued struggles linked to its $2 billion rogue trading scandal and economic weakness in Europe and abroad. (AP Photo/Keystone, Steffen Schmidt)AP - Switzerland's biggest bank, UBS AG, saw its profits slide by 76 percent in the fourth quarter, in a further sign that a $2 billion trading scandal last year has dented business at a time of economic weakness in Europe and abroad.

Delaware officials wrestle over mortgage deal (Reuters)

Posted: 07 Feb 2012 08:38 AM PST

Reuters - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.

Watchdogs to drag shadow banks into the light (Reuters)

Posted: 07 Feb 2012 08:40 AM PST

Reuters - Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of "shadow banks" is emerging that could trigger the next chapter in the global financial crisis.

AP Enterprise: Brown bank regulator an insider (AP)

Posted: 07 Feb 2012 08:18 AM PST

In this photo taken Monday Jan. 9, 2012, Jan Owen, Gov. Jerry Brown's appointee to head the Department of Corporations, testifies before the Assembly Banking Committee in Sacramento, Calif. Consumer groups say Owen's background working for companies that were at the heart of the mortgage meltdown raises questions about her approach at the department that oversees California banking, financial and consumer regulations. (AP Photo/Rich Pedroncelli)AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.

Oil prices climb as Iran threatens EU supply cut (AP)

Posted: 07 Feb 2012 08:49 AM PST

Flames shoot into the air after a gas pipeline explosion in the Sinai peninsula, 240 miles (374 kilometers) southeast of Cairo, Egypt, Sunday, Feb. 5, 2012. An Egyptian security official says attackers have set off explosives along a gas pipeline in the country's Sinai peninsula, halting exports to neighboring Israel and Jordan. The blast that took place Sunday at dawn is the twelfth successful attack on the line since the popular uprising that ousted longtime Egyptians leader Hosni Mubarak in February last year. The official says the attack by presumed Islamist militants caused huge fires, but fire engines put it out hours later. (AP Photo/Khaled Kandil)AP - Oil prices are rising as Iran again threatens to cut off supplies to Europe.

The Worthless Junk the 1 Percent Waste Their Money On (ContributorNetwork)

Posted: 06 Feb 2012 08:26 PM PST

ContributorNetwork - COMMENTARY | Strictly speaking, the 1 percent -- people whose incomes put them above the other 99 percent of us, starting at about $340,000 a year as of 2009, according to IRS data -- don't actually spend much of their money.

Toyota lifts profit forecast as disaster woes fade (AP)

Posted: 07 Feb 2012 04:48 AM PST

Toyota Motor Corp. Senior Managing Officer Takahiko Ijichi speaks during a press conference at Toyota's Tokyo headquarters Tuesday, Feb. 7, 2012. Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track. (AP Photo/Shizuo Kambayashi)AP - Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track.
Posted by Harshad at 9:40 AM

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