Sunday, April 1, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Foxconn chairman pledges to raise pay in China, invest in Hainan

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Terry Gou, founder of Taiwan's Hon Hai Precision Industry company, the mother company of Foxconn, talks during a news conference in TaipeiBOAO, China (Reuters) - Foxconn Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads. As part of its efforts to relieve the pressure on its existing factories in Chinese cities such as Shenzhen and Chengdu, Gou said Foxconn would be building high-tech manufacturing facilities in Hainan, as well as expanding operations in Brazil. ...


China publishes draft rules to improve IPO mechanism

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SHANGHAI/BEIJING (Reuters) - The China Securities Regulatory Commission (CSRC) published on Sunday draft rules aimed at increasing the liquidity of newly-listed shares and monitoring pricings for initial public offers in an attempt to curb speculative trading and regain investor confidence. CSRC plans to scrap the three-month lock-up period for institutional investors in domestic initial public offerings and increase the scrutiny of IPOs that are priced at more than 25 percent above the comparable value of industry peers. ...

Brazil spots new oil leak as safety worries rise

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An aerial view shows oil that seeped from a well operated by Chevron at Frade, on the waters in Campos Basin in Rio de Janeiro stateBRASILIA (Reuters) - Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves. The latest oil leak comes days after a Brazilian prosecutor said he is widening a probe into offshore oil operations in the wake of a 3,000-barrel spill in an offshore field run by Chevron in November. The new leak, which stretches for 1. ...


After grad job slump, big hiring is back at U.S. colleges

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NEW YORK (Reuters) - Sean Chua expected the hunt for his first job after college to be tough. After all, he watched his brother struggle to find a position when he graduated back in 2008. But his fears were unwarranted. The 21-year-old justice major at American University sent out only seven resumes before getting an offer earlier this month from IBM for an IT consulting job, making him a beneficiary of a turnaround in the labor market for U.S. graduates. "My mom's first position was with IBM so she is particularly proud," says Chua. ...

Japan to support U.S. nominee to head World Bank

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Jim Yong Kim, the U.S. nominee for the next World Bank president, leaves Finance Ministry after meeting in TokyoTOKYO (Reuters) - Japan will support Jim Yong Kim, the U.S. nominee for the next World Bank head, Japanese Finance Minister Jun Azumi said on Sunday after meeting the candidate who is in Tokyo on his world tour to seek support for the candidacy. Kim, a Korean-American, will be contesting against two nominees from emerging market countries - Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo - for the Washington-based institution's top job. ...


Mixed signals from China's factories in March

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(Blank Headline Received)BEIJING (Reuters) - China's big factories were surprisingly busy in March as a stream of new orders lifted activity to an 11-month high, but credit-constrained smaller manufacturers struggled, suggesting that the economy is still losing steam. The pickup in production at large factories was attributed to an expected bump as winter ends, and economists cautioned not to read too much into the stronger-than-expected figure. ...


DBS boss Gupta faces biggest challenge in Indonesia

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DBS Bank's CEO Piyush Gupta walks in front of the bank's logo after a news conference in SingaporeSINGAPORE (Reuters) - After two years of hard work to improve Singapore's largest bank and lift its underperforming Hong Kong unit, DBS Group chief executive Piyush Gupta is embarking on his biggest challenge yet - a bid for Indonesia's Bank Danamon . Gupta, 52, a graduate of the prestigious Indian Institute of Management, joined DBS in November 2009 from Citigroup where he was last head of Southeast Asia and Australasia. ...


South Korea March exports fall; U.S. shipments up on FTA

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A driver checks his truck carrying a container at a terminal of an ICD (Inland Container Depot) in UiwangSEOUL (Reuters) - South Korean exports in March fell 1.4 percent from a year ago, missing a consensus forecast for a small gain and adding to questions about the strength of a global recovery even with a boost to shipments in the first month of a landmark free trade pact with the United States. Shipments to the United States jumped nearly 28 percent thanks to the free trade agreement, but weak sales to the other big markets such as China and the European Union clouded prospects, data published on Sunday showed. ...


Euro zone agrees to boost rescue capacity

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Austrian Finance Minister Fekter delivers a speech next to Infrastructure Minister Bures during a session of the parliament in ViennaCOPENHAGEN (Reuters) - Euro zone finance ministers agreed on Friday to increase their financial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from G20 partners and markets. The 17-nation currency area agreed to combine two rescue funds to make 500 billion euros of new funds available in case of emergency until mid-2013, on top of 200 billion euros already committed to bailouts for Greece, Ireland and Portugal. ...


Fed's Kocherlakota sees 2.3 percent inflation in 2013

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EVANSTON, Illinois (Reuters) - U.S. inflation will be above the Federal Reserve's 2 percent target next year, Minneapolis Fed President Narayana Kocherlakota said on Saturday, suggesting he sees pressure building for the central bank to lift interest rates. "I'm expecting inflation to be 2 percent this year, and 2.3 percent next year," Kocherlakota told the Midwest Economics Association's annual meeting. The Fed has kept U.S. short-term borrowing costs near zero for more than three years, and its policy-setting panel has said it expects to need to keep them there through late 2014. ...

GM faces huge costs if Bochum plant shut: works leader

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A clock shows five to twelve at the Opel plant of BochumBochum, Germany (Reuters) - Labor leaders at loss-making European car maker Opel have warned parent company General Motors that closing one of its oldest factories in Germany would be massively costly and damage the company's image. "This would cost GM billions," Rainer Einenkel, head of the Bochum plant's works council said at a news conference on Saturday following a staff town hall meeting in the western German city of Bochum. ...


Fed's Kocherlakota sees 2.3 percent inflation in 2013

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EVANSTON, Illinois (Reuters) - U.S. inflation will be above the Federal Reserve's 2 percent target next year, Minneapolis Fed President Narayana Kocherlakota predicted on Saturday, suggesting he sees pressure building for the central bank to lift interest rates. "I'm expecting inflation to be 2 percent this year, and 2.3 percent next year," Kocherlakota told the Midwest Economics Association's annual meeting. The Fed has kept U.S. short-term borrowing costs near zero for more than three years, and its policy-setting panel has said it expects to need to keep them there through late 2014. ...

675 Russian fishermen rescued from drifting ice

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Russia's emergency services rescued 675 fishermen on Sunday from an ice floe that was drifting out to sea in the far east of the country.

UK Internet group: Surveillance program in works

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Every email to your child. Every status update for your friends. Every message to your mistress.

Fire-stricken cruise ship safe at Malaysian port

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In this handout photo taken Saturday, March 31, 2012 and released Sunday, April 1, 2012 by the Philippine Air Force, the stricken cruise ship Azamara Quest is seen in the Sulu sea, southern Philippines. The cruise ship with 1,000 people on board that had drifted for 24 hours after being disabled by a fire was headed toward Malaysia following repairs and was expected to reach shore Sunday, the ship's company said. (AP Photo/Philippine Air Force,HO)A luxury cruise ship stranded at sea for 24 hours because of a fire safely reached a Malaysian port where police and embassy officials stood by Sunday to help 1,000 people aboard.


'Hunger Games' earns $61.1M to top 'Titans' sequel

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In this image released by Lionsgate, Jennifer Lawrence portrays Katniss Everdeen, left, and Liam Hemsworth portrays Gale Hawthorne in a scene from "The Hunger Games" is still the first item on the menu for movie fans.


Tribune Broadcasting: No deal reached with DirecTV

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In this May 11, 2009 photo, a mini-van passes a DirecTV satellite dish in a residential area adjoining downtown Jackson, Miss. Tribune Broadcasting says there's been no settlement with DirecTV Inc. in their contract negotiations, which means DirecTV subscribers in 19 U.S. markets will lose access to certain programming, Saturday, March 31, 2012. (AP Photo/Rogelio V. Solis)DirecTV Inc. subscribers in 19 U.S. markets have lost access to certain programming, after Tribune Broadcasting said it failed to reach a settlement with the satellite television provider in their contract negotiations.


Obama's insurance requirement not the only mandate

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FILE - In this March 28, 2012, file photo states' attorney generals, including Florida's Pam Bondi, left, walk down the steps of the U.S. Supreme Court in Washington at the end of arguments on the constitutionality of the health care law signed by President Barack Obama. Chances are slim that Congress would act to restore any parts of the law that the court might strike down, even noncontroversial provisions. (AP Photo/Charles Dharapak, File)The individual insurance requirement that the Supreme Court is reviewing isn't the first federal mandate involving health care.


China says manufacturing rises again in March

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Chinese manufacturing gained momentum for a fourth straight month in March, helped by a recovery in the auto, tobacco and electronics sectors, though analysts said conflicting data suggest lingering weakness.

Tribune Broadcasting says no DirecTV deal

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In this May 11, 2009 photo, a mini-van passes a DirecTV satellite dish in a residential area adjoining downtown Jackson, Miss. Tribune Broadcasting says there's been no settlement with DirecTV Inc. in their contract negotiations, which means DirecTV subscribers in 19 U.S. markets will lose access to certain programming, Saturday, March 31, 2012. (AP Photo/Rogelio V. Solis)Tribune Broadcasting said there's been no settlement with DirecTV Inc. in their contract negotiations, which means DirecTV subscribers in 19 U.S. markets are losing access to certain programming.


World landmarks dimmed for Earth Hour

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About 5000 candles arrange to a globe lights in front of the Brandenburg Gate prior to the landmark switched off the lights to mark 'Earth Hour' in Berlin, Saturday, March 31, 2012. Earth Hour takes place worldwide at 8.30 p.m. local time and is a global call to turn off lights for 60 minutes in a bid to highlight the global climate change. (AP Photo/Markus Schreiber)Hundreds of world landmarks from Berlin's Brandenburg Gate to the Great Wall of China went dark Saturday, part of a global effort to highlight climate change.


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