Thursday, February 9, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street lower as Greece enthusiasm fades (Reuters)

Posted: 09 Feb 2012 07:16 AM PST

A Wall St. sign is seen outside the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermidReuters - Stocks turned lower on Thursday as initial enthusiasm faded over a long-stalled Greek deal and data indicating an improving U.S. labor market.

U.S. reaches mortgage settlement with top banks (Reuters)

Posted: 09 Feb 2012 07:51 AM PST

Reuters - The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.

Greeks strike bailout deal in time for EU meeting (Reuters)

Posted: 09 Feb 2012 09:13 AM PST

Reuters - Greek political leaders clinched a long-stalled deal on reforms and austerity measures to secure a second international bailout and avoid a chaotic default, hours before the country's financial backers began meeting in Brussels.

MF Global judge to examine insurance for ex-execs (Reuters)

Posted: 09 Feb 2012 09:23 AM PST

Reuters - The U.S. judge overseeing MF Global's bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers.

German Bundestag parties to meet on Greece Friday (Reuters)

Posted: 09 Feb 2012 08:23 AM PST

Reuters - German Chancellor Angela Merkel will meet with parliamentary floor leaders on Friday to discuss Greece's bailout after euro zone ministers meet in Brussels later on Thursday, parliamentary sources said.

SEC weighs two money market fund proposals (Reuters)

Posted: 07 Feb 2012 12:02 PM PST

Reuters - The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations.

Natural gas price up on possible production cuts (AP)

Posted: 09 Feb 2012 08:56 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 - The price of natural gas is climbing after a major producer said it may increase U.S. production cuts this year.

Pepsico to cut 8,700 jobs; 4Q net rises (AP)

Posted: 09 Feb 2012 08:50 AM PST

This Feb. 7, 2012 photo, shows cans Diet Pepsi Wild Cherry at a store in Pittsburgh. PepsiCo said Thursday, Feb. 9, 2012, it will cut 8.700 jobs in a cost-cutting move as it increases investment in advertising and marketing in North America. (AP Photo/Gene J. Puskar)AP - PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.

Assad cousin wins case to unfreeze Swiss millions (AP)

Posted: 09 Feb 2012 09:02 AM PST

AP - A cousin of Syria's President Bashar Assad has won a legal bid to unfreeze euro3 million ($4 million) held in bank accounts in Switzerland after convincing a Swiss court that the money had already been promised as part of a property deal before it was blocked.

Timeline of events of nationwide mortgage deal (AP)

Posted: 09 Feb 2012 08:53 AM PST

AP - On Thursday, 49 states reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.

Two top Ford execs set to retire (Reuters)

Posted: 09 Feb 2012 09:29 AM PST

Chrysler Group assembly workers lower the frame onto the chassis for Chrysler Jeeps, Grand Cherokees and Dodge Durangos at the Chrysler Jefferson North auto plant in Detroit, Michigan in this April 28, 2011 file photo. Chrysler Group LLC reported February 1, 2012 a hefty 44-percent gain in U.S. auto sales in January, led by its Jeep brand, while Ford Motor Co posted a 7 percent gain, falling short of some analyst estimates. REUTERS/Rebecca Cook/Files (UNITED STATES - Tags: TRANSPORT BUSINESS EMPLOYMENT)Reuters - Two top Ford Motor Co executives who helped steer the U.S. automaker through the financial crisis will retire by April 1, thinning the ranks of potential candidates who could replace Chief Executive Alan Mulally in coming years.

Colorado to get $205 million in foreclosure relief (AP)

Posted: 09 Feb 2012 08:55 AM PST

AP - Colorado Attorney General John Suthers says Colorado will get about $205 million as part of a multistate settlement with the nation's five largest national banks over home foreclosures.

US natural gas supplies fell last week (AP)

Posted: 09 Feb 2012 07:50 AM PST

AP - The nation's natural gas supplies shrank last week, the government said Thursday.

Pennsylvania's New Budget Calls for Cutting Higher Education -- Again (ContributorNetwork)

Posted: 08 Feb 2012 04:08 PM PST

ContributorNetwork - Pennsylvania Gov. Tom Corbett unveiled his second budget as the leader of the Keystone State this week, according to the Pittsburgh Post-Gazette. As expected by many, the 2012 budget closely resembled the 2011 budget featuring cuts in a number of key areas, but true to the governor's campaign promise of not raising taxes, as the report indicates.

GM creates training center at Buffalo-area plant (AP)

Posted: 09 Feb 2012 08:30 AM PST

AP - General Motors has found a new use for a building that's sat vacant at its Buffalo-area manufacturing complex for seven years.
Posted by Harshad at 9:38 AM

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