Sunday, April 22, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Wal-Mart silenced Mexican bribe inquiry: NY Times

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A worker walks through the (Reuters) - Wal-Mart Stores Inc, the world's largest retailer, squelched an internal investigation into allegations of bribery at its Mexican subsidiary instead of broadening the probe, the New York Times reported on Saturday. The Times said that in September 2005, a senior Wal-Mart lawyer received an e-mail from Sergio Cicero Zapata, a former executive at the company's largest foreign unit, Wal-Mart de Mexico, describing how the subsidiary had paid bribes to obtain permits to build stores in the country. ...


Car makers gear up for a tougher China market

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BEIJING (Reuters) - China's massive car market may still be young, but the auto industry CEOs descending on Beijing this week will see first hand that it's also growing up fast. The Beijing auto show starts on Monday at a time when China's auto market has begun softening after a decade of breakneck growth. The days when car sales could surge 46 percent in one year - as they did in 2009 - are gone, say many industry executives and analysts. Most see growth falling off to an average of 7-8 percent this decade. ...

Europe pressed to deliver debt fix

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Finance ministers and central bank governors pose for a family photo in WashingtonWASHINGTON (Reuters) - Global finance chiefs pressed Europe on Saturday to take advantage of newly increased financial buffers and make the lasting reforms needed to tackle its debt crisis, which is threatening the world recovery. A day after advanced and emerging countries agreed to double the firepower of the International Monetary Fund to help contain Europe's debt crisis, the IMF's governing panel said the 17-nation euro area must make more cuts to government debt burdens, push bold economic reforms and stabilize financial systems. ...


Ford to quadruple SUV offerings in China over next year

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Men talk at the Ford exhibition as they attend the Washington Auto Show(Reuters) - By Ben Klayman BEIJING, April 22 (Reuters) - Ford Motor Co , seeking to tap into China's growing appetite for brawny sport utility vehicles, will quadruple its offerings in that segment over the next year. The U.S. automaker, a latecomer in the world's largest automotive market, will add the Kuga, the Chinese version of the Escape, and EcoSport small SUVs, and the larger Explorer to its sparse China SUV portfolio, Ford Asia chief Joe Hinrichs said on Sunday. ...


S.Korea central bank report warns of surge in government debt

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SEOUL (Reuters) - South Korea's government debt could surge above 100 percent of the country's annual gross domestic product by the year 2030 from just a little more than 34 percent now, the country's central bank said in a report released on Sunday. Asia's fourth-largest economy would see slower growth due to the declining pace of increases in capital and labor input, whereas government spending would surge to cover financial debts at public companies and public pension schemes, it said. ...

Canada's RBC to double Mideast wealth management team: executive

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A Royal Bank of Canada (RBC) sign is seen in downtown TorontoDUBAI (Reuters) - Royal Bank of Canada expects to double the number of wealth management employees in its Dubai office in the near future, and is open to opportunities for acquisitions, a senior executive said on Sunday. Toronto-based RBC has set its sights on global wealth management as a key driver for growth, targeting organic growth in the United States, Britain, Asia, the Middle East and Latin America as well as small or medium-sized acquisitions to build its global wealth, private banking and trust business. ...


Roche talks to Illumina rivals after drops bid: paper

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Logo of Swiss pharmaceutical company Roche is pictured in RotkreuzZURICH (Reuters) - Swiss drugmaker Roche is looking for alternatives after it dropped a $6.8 billion hostile offer for genetic specialist Illumina , a newspaper reported on Sunday. Roche is talking to the research centers of three large universities about buying their gene sequencing technology, Der Sonntag newspaper reported, without citing its sources. Roche walked away from its bid for Illumina last week after the U.S. firm's management rejected a sweetened offer, but some investors think the Swiss drugmaker may wait in the wings for a fresh opportunity to pounce. ...


BofA board $20 million settlement called inadequate

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A sign for the Bank of America is seen outside a branch in Vienna(Reuters) - Bank of America Corp directors, who were sued by shareholders for allegedly paying too much for Merrill Lynch & Co in 2008, must defend a proposed $20 million settlement of the claims in federal court in New York, court papers show. Calling the settlement "grossly inadequate," lawyers in a similar Delaware case have asked P. Kevin Castel, the judge overseeing the New York matter, to order the parties agreeing to the deal to justify its terms. Castel directed that parties submit necessary documents by May 4. ...


Aldar says no financial help needed from Abu Dhabi

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ABU DHABI (Reuters) - Abu Dhabi's Aldar Properties is committed to repaying all its debt and does not need more financial support from the government of Abu Dhabi, the company's deputy chief executive told reporters on Sunday. "We won't need more (financial) help, we are comfortable on the financing side," Mohammed Al Mubarak said on the sidelines of a property conference. "We are committed to all our debts and they will be paid, we are in a healthy financial position," he added. Aldar's $1.25 billion 10.75 percent bond, maturing 2014 was bid at 109. ...

Analysis: Walking fine line, BOJ head warns of risks of easing

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Governor of the Bank of Japan Masaaki Shirakawa arrives at G-20 meeting in WashingtonWASHINGTON (Reuters) - Bank of Japan Governor Masaaki Shirakawa has been doing his best to keep in check expectations of major new stimulus by the central bank next week. Three times during a week-long tour of the United States, Shirakawa stressed that monetary easing alone cannot beat deflation and that too much stimulus, in the form of quasi-fiscal policy, could have drawbacks. He walked a fine line between sounding the message that easy policy still has a role in supporting Japan's weak economy and warning of the risks of too much easing. ...


Qantas A380 blowout plane returns to service

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General view of the cockpit of the repaired Qantas A380 jet on the tarmac of Singapore's Changi AirportSINGAPORE (Reuters) - Australia's Qantas took its repaired A380 superjumbo back to the skies on Saturday, resuming a 3,900 mile journey dramatically interrupted 18 months ago when one of its engines blew up over Indonesia. After $140 million of repairs, the world's largest jetliner took off for Sydney shortly before midnight, carrying Qantas Chief Executive Alan Joyce and members of the crew that safely landed the crippled Airbus in Singapore with 440 passengers on board. "She's running a little late... ...


Trump flies into ex-Soviet Georgia for tower project

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US businessman and real estate developer Trump arrives at Tbilisi international airportTBILISI (Reuters) - American property mogul Donald Trump flew into the former Soviet republic of Georgia on Saturday to expand his global real estate empire, lending his name to a glitzy tower on the Black Sea coast there. Unveiling a $250 million residential high-rise planned for the Georgian coastal resort town of Batumi, Trump said the Caucasus mountain nation had become a prime destination for foreign investment. "I think you have a lot of investment opportunities in Georgia. It's amazing what's going on. ...


Haitong's cornerstone loans highlight competition: IFR

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HONG KONG (Reuters) - Haitong Securities Co Ltd's $1.7 billion Hong Kong share offering took center stage in Asia Pacific equity capital markets on Friday, but it also highlighted the risks from deals partly financed by underwriters as competition among banks grows for new listings, Thomson Reuters publication IFR reported. Haitong, China's second-biggest brokerage by assets, received pledges from 11 cornerstone investors for about one-third of the stock on offer. Banks financed a portion of cornerstone orders totaling $330 million. Pan-Asia private equity firm PAG and U.S. ...

Murdoch mocks UK government as arrives for ethics inquiry

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File photogrpah shows News International Chairman James Murdoch, and his father Rupert Murdoch, appearing before parliamentarian in LondonLONDON (Reuters) - Rupert Murdoch on Saturday mocked the UK government's "mad" plans to lend more money to the International Monetary Fund and criticized its energy, education and tax policies after arriving in London ahead of his appearance at a media inquiry next week. The 81-year-old News Corp boss will appear before a senior judge in London's High Court on Wednesday and Thursday as part of an inquiry ordered by Prime Minister David Cameron to investigate standards in the British press. ...


Murdoch mocks UK government as arrives for ethics inquiry

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LONDON (Reuters) - Rupert Murdoch on Saturday mocked the UK government's "mad" plans to lend more money to the International Monetary Fund and criticized its energy, education and tax policies after arriving in London ahead of his appearance at a media inquiry next week. The 81-year-old News Corp boss will appear before a senior judge in London's High Court on Wednesday and Thursday as part of an inquiry ordered by Prime Minister David Cameron to investigate standards in the British press. ...

Wal-Mart silenced Mexico bribe inquiry: NY Times

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A worker walks through the (Reuters) - Retail giant Wal-Mart Stores Inc squelched its own internal investigation of allegations made by a former executive of its subsidiary in Mexico that the Mexican division had orchestrated a campaign of bribery to grab market dominance, the New York Times reported on Saturday. The paper said in September 2005 a senior Wal-Mart lawyer received an e-mail from Sergio Cicero Zapata, a former executive at the company's largest foreign unit, Wal-Mart de Mexico, describing how the subsidiary had paid bribes to obtain permits to build stores in the country. ...


Spain bad bank idea mulled but no plans yet: EU officials

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WASHINGTON (Reuters) - Spain is considering the idea of creating a "bad bank" to take over non-performing real-estate loans from Spanish banks to help clean up the sector, but so far there are no plans for such an institution, European officials said on Saturday. "There is no plan or decision, but some consideration, as far as I know. It could, possibly, be a good idea," one senior European Union official said. The official said the idea had not yet been discussed with the European Union, whose institutions would likely get involved should it the idea get more developed. ...

Google Street View comes to Israel

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After months of discussions with Israeli security officials, Google has launched its popular Street View service in the country's three largest cities.

Turnout solid in French presidential election

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French President and UMP candidate Nicolas Sarkozy and his wife Carla Bruni-Sarkozy leave after casting their votes in the first round of French presidential elections in Paris, France, Sunday, April 22, 2012. (AP Photo/Michel Euler)French President Nicolas Sarkozy's career was on the line Sunday as voters turned out in solid numbers for the first round of France's presidential election, a contest that could shake up Europe's political landscape and approach to myriad economic troubles.


'08 presidential vote in swing states, at a glance

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Barack Obama won 13 of the 14 swing states in 2008. And he received a higher percentage of votes in nine of them than he did nationally.

Unemployment trends in swing states, at a glance

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Nine of the 14 swing states have an unemployment rate lower than the national average.

Latest survey results in swing states, at a glance

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President Barack Obama holds a lead over the likely Republican nominee, Mitt Romney, in many of the battleground states in the presidential election.

Women visit Spanish town to ease a bride shortage

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In this photo taken Saturday April 21, 2012, a group of women arrive in a bus before a meeting between men and women at the village of Candeleda, central Spain. 68 women were bussed in to the village to meet with the local men with the hope that some will form relationships and settle in the village where the main population is male. (AP Photo/Alberto Di Lolli)Country boy, meet city girl.


Electoral votes in the swing states, at a glance

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or 64 percent.

Swing-state unemployment down, Obama's chances up

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FILE - In this April 18, 2012 photo, President Barack Obama speaks at Lorain County Community College in Elyria, Ohio. The improving economy is swinging the pendulum in Obama's favor in the 14 states where the presidential election will likely be decided. Polls have shown Obama gaining an edge over his likely Republican challenger, Mitt Romney, in several so-called swing states, those that are considered up for grabs. What's made the difference is that unemployment has dropped more sharply in several swing states than in the nation as a whole. A resurgence in manufacturing is helping the economy, and Obama's chances, in the industrial Midwestern states of Ohio and Michigan. (AP Photo/Carolyn Kaster)The improving economy is swinging the pendulum in President Barack Obama's favor in the 14 states where the presidential election will likely be decided.


1 in 2 new graduates are jobless or underemployed

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In this photo taken Thursday, April 19, 2012, barista Michael Bledsoe smiles as he chats with a visitor in the coffee shop where he works in Seattle. The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college grads either jobless or underemployed in positions that don't fully use their skills and knowledge. (AP Photo/Elaine Thompson)The college class of 2012 is in for a rude welcome to the world of work.


Romney on spending: Guns triumph over butter

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FILE - In this April 17, 2012, file photo Republican presidential candidate, former Massachusetts Gov. Mitt Romney,listens to Pittsburgh area residents in Bethel Park, Pa., during a campaign stop. Government spending differences are among the starkest between Romney and President Obama. Romney's campaign proposes few specifics: a 10 percent cut of the federal workforce through attrition, the end of federal family planning money, the privatization of Amtrak, and cuts in foreign aid. (AP Photo/Jae C. Hong, File)Reducing government deficits Mitt Romney's way would mean less money for health care for the poor and disabled and big cuts to nuts-and-bolts functions such as food inspection, border security and education.


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