Wednesday, February 8, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street lower as Greece talks drag on (Reuters)

Posted: 08 Feb 2012 09:18 AM PST

A Wall St. sign is seen outside the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermidReuters - Stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited for Greece to accept tough reforms in exchange for a new bailout.

Greek debt not sustainable with 70 percent haircut: S&P (Reuters)

Posted: 08 Feb 2012 08:52 AM PST

Reuters - Greece will likely not achieve sustainable debt levels with a 70 percent reduction in the value of bonds held by its private creditors, Standard & Poor's warned on Wednesday, putting pressure on the official sector also to take losses.

ECB still split on joining Greece debt deal: sources (Reuters)

Posted: 08 Feb 2012 08:19 AM PST

Reuters - European Central Bank policymakers are still divided on what contribution the ECB could make to a restructuring of Greece's sovereign debt, two euro zone monetary policy sources said on Wednesday.

Sprint loss widens on iPhone costs (Reuters)

Posted: 08 Feb 2012 09:28 AM PST

Reuters - Sprint Nextel posted a wider quarterly loss because of the higher costs of selling Apple Inc's iPhone and the popular device delivered a smaller-than-expected boost to subscriber numbers, sending the company's shares down 2 percent.

Deutsche Bank to defer some bonuses - source (Reuters)

Posted: 08 Feb 2012 09:02 AM PST

Reuters - Germany's Deutsche Bank (DBKGn.DE) will defer any part of an employee's bonus above 200,000 euros ($264,800) this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry.

Stock gains turn hedge fund losers into winners (Reuters)

Posted: 06 Feb 2012 05:22 PM PST

Reuters - Last year's hedge fund losers may be turning into winners again.

No cigar: Economic embargo on Cuba turns 50 (AP)

Posted: 07 Feb 2012 04:32 PM PST

FILE - In this Nov. 7, 2006 file photo, a car drives past a billboard that reads in Spanish; '70 percent of Cubans have been born under the Embargo,' in Havana, Cuba. The United States economic embargo on Communist-run Cuba turned 50 on Feb. 7, 2012. Cuba updates its estimate of how much the embargo has cost it using a complicated - and some say flawed - calculus that takes into account years of interest, the end of the gold standard and other factors. (AP Photo/Javier Galeano, File)AP - When it started, American teenagers were doing "The Twist." The United States had yet to put a man into orbit around the Earth. And a first-class U.S. postage stamp cost 4 cents.

Avid shares surge on first profit in 4 years (Reuters)

Posted: 08 Feb 2012 08:00 AM PST

Reuters - Shares of Avid Technology Inc jumped 25 percent to a six-month high after the maker of digital audio and video editing products reported a quarterly profit for the first time in four years.

Greek party leaders begin crucial debt talks (AP)

Posted: 08 Feb 2012 09:35 AM PST

AP - After three days of delays, Greek coalition leaders began crucial debt talks Wednesday with the prime minister to review a draft deal on steep cutbacks demanded by creditors in return for a euro130 billion ($170 billion) bailout.

Coinstar's Spectacular Quarter Makes It Worth Your Dollars (The Motley Fool)

Posted: 08 Feb 2012 07:30 AM PST

The Motley Fool - Automated retail solutions provider Coinstar (Nasdaq: CSTR - News) beat Street estimates handsomely in the fourth quarter, and saw its shares spike 13% in extended trading.

Frustration mounts as Greeks seek elusive bailout deal (Reuters)

Posted: 08 Feb 2012 07:29 AM PST

Reuters - Greek party leaders finally gathered on Wednesday to agree a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.

Eyes on dissident states as mortgage deal nears (Reuters)

Posted: 07 Feb 2012 04:44 PM PST

Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.

Oil prices rise after US supply report (AP)

Posted: 08 Feb 2012 09:19 AM PST

Chinese Premier Wen Jiabao talks to visiting Canadian Prime Minister Stephen Harper, not pictured, during a welcoming ceremony at the Great Hall of the People in Beijing, China, Wednesday, Feb. 8, 2012. Canada's prime minister is visiting China to discuss oil sales and other economic ties following President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States. (AP Photo/Diego Azubel, Pool)AP - Oil prices are slightly higher Wednesday following government reports that U.S. supplies didn't grow as much as expected last week.

Greece's broken promises anger EU partners (Reuters)

Posted: 08 Feb 2012 08:11 AM PST

Reuters - Taxes go uncollected, deficit targets are routinely missed, job cuts from the state payroll are postponed, privatizations have barely begun and pharmacies still shut in the middle of the day.

Nissan sees annual profits beating Toyota, Honda (Reuters)

Posted: 08 Feb 2012 03:43 AM PST

Reuters - Nissan Motor Co is on track to be the most profitable of Japan's three big automakers this year, after record car sales last year and improved market share in every major region pushed up quarterly operating profit.
Posted by Harshad at 9:59 AM

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