Yahoo! News: Health News

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• Wall Street Week Ahead: Can EU deal lift stocks for more than a day?
• Merkel seen as big loser in euro zone showdown
• UK orders bank review, calls Diamond to panel
• AstraZeneca hungry to refill medicine cabinet
• BMW to hire thousands of permanent staff: report
• Germany denies Schaeuble talk of Greece euro exit
• France urges Peugeot to tell plant plans
• Bristol-Myers to buy Amylin for about $5.3 billion
• Trustee objects to advisers in Dewey bankruptcy
• Airbus poised to invest $600 million in new U.S. plant
• EU deal for Spain, Italy buoys markets but details sketchy
• Congress eases way for BP oil spill settlement
• NYSE catch saves broker from disastrous blunder
• Exclusive: Amazon to take on Brazil's ecommerce jungle
• AMR wants time to develop own reorganization plan
• Securities regulator FINRA lost $84 million in 2011
• June U.S. new-car sales seen highest in 5 years
• Securities regulator FINRA lost $84 million in 2011
• FedEx hastens fleet upgrade with 19 new Boeings
• Ex-Citigroup VP gets eight years for stealing $22 million
• Analysis: Will RIM's cash hold out long enough?
• Analysis: Europe steps forward; but will populace follow?
• Blackstone nears $13 billion real estate fund target: sources
• Toyota adds 2 more Lexus models to 2009 recall
• Tesco weighs future of Fresh & Easy
• UK politicians: Banking system is corrupt
• Brief relief, long-term questions on student loans
• Texas cattle deaths tied to toxic Bermuda grass
• VidCon attracts online video makers and their fans
• UK politicians: Banking system is corruption
• German opponents challenge budget pact, euro fund
• World Bank cancels $1.2 billion Bangladesh loan
• Apple wins 2nd US sales ban on Samsung Galaxy
• Peter Madoff pleads guilty in NYC, blames brother
• Whistleblower wins in Supreme Court in Japan first

Wall Street Week Ahead: Can EU deal lift stocks for more than a day? Posted: 29 Jun 2012 04:47 PM PDT NEW YORK (Reuters) - Stocks finished the first half of the year with a bang as investors welcomed news that the euro zone is a step closer to solving its 30-month-long debt crisis. Now for the question: Is this rally strong enough to last for more than a day? The S&P 500 and the Nasdaq posted their best daily percentage gains since December on Friday after an agreement by European leaders to stabilize the region's troubled banks, a pact that helped remove some of the uncertainty that has plagued markets. "That is the major question. ...

Merkel seen as big loser in euro zone showdown Posted: 30 Jun 2012 07:50 AM PDT BERLIN/PARIS (Reuters) - Angela Merkel was portrayed across Europe as the big loser of a euro zone showdown in Brussels after the German chancellor was forced to accept the crisis-fighting measures championed by countries struggling with their debts. Newspapers in Spain, Italy and France on Saturday toasted the triumph of their leaders - Mario Monti, Mariano Rajoy and Francois Hollande - in pushing Merkel into a U-turn that would long have been unthinkable. ...

UK orders bank review, calls Diamond to panel Posted: 30 Jun 2012 07:22 AM PDT LONDON (Reuters) - The British government ordered an independent review into the workings of key lending rates between banks, after Barclays was found guilty of rigging them, and summoned the bank's boss to answer questions about the scandal. U.S. and British authorities fined Barclays $450 million for manipulating the London Interbank Offer Rate (Libor), the interest rate on loans that banks make to each other. Barclays was the first to settle in an investigation that is expected to name others and reaches across Europe, Japan and North America. ...

AstraZeneca hungry to refill medicine cabinet Posted: 30 Jun 2012 08:33 AM PDT LONDON (Reuters) - Simon Lowth may only be the interim chief executive of AstraZeneca Plc but he is ready to sign off on bold deals. The decision to pair up with Bristol-Myers Squibb Co to buy diabetes specialist Amylin Pharmaceuticals Inc shows the Anglo-Swedish drugmaker is stepping up its deal-making, despite the management hiatus at the top of the company. AstraZeneca is chipping in $3.4 billion for a half share in Amylin's products for the fast-growing type 2 diabetes market. ...

BMW to hire thousands of permanent staff: report Posted: 30 Jun 2012 05:12 AM PDT FRANKFURT (Reuters) - BMW plans to hire thousands of permanent staff after cutting the number of its temporary workers by half, a German magazine reported on Saturday. BMW's management has struck an agreement with the company's works council that will see the number of temporary workers fall to around 6,000 from about 12,000 currently, Wirtschaftswoche magazine reported in an article released ahead of publication on Monday. ...

Germany denies Schaeuble talk of Greece euro exit Posted: 30 Jun 2012 07:42 AM PDT KREFELD, Germany (Reuters) - A deputy German Finance Minister dismissed a magazine report saying Finance Minister Wolfgang Schaeuble had told conservative members of parliament on Friday to prepare for a looming Greek bankruptcy and euro zone exit. "This report is nonsense," Deputy Finance Minister Steffen Kampeter told Reuters on Saturday on the sidelines of a regional meeting of Christian Democrats in the western town of Krefeld. Kampeter said that Schaeuble had spoken to the conservative MPs on Friday about the need for the austerity and reform measures in Greece to be implemented. ...

France urges Peugeot to tell plant plans Posted: 30 Jun 2012 04:57 AM PDT PARIS (Reuters) - French Industry Minister Arnaud Montebourg called on the management of struggling car maker PSA Peugeot Citroën to divulge its intentions for the future of several of its plants quickly, as fears mount over future job cuts. Europe's second-biggest automaker is looking for ways to make more cost savings this year and preparing to shut down one of its two Paris plants, union officials said on June 28. ...

Bristol-Myers to buy Amylin for about $5.3 billion Posted: 29 Jun 2012 08:56 PM PDT NEW YORK (Reuters) - Bristol-Myers Squibb Co will buy biotechnology company Amylin Pharmaceuticals Inc for about $5.3 billion in cash, helping Bristol-Myers extend its portfolio of diabetes treatments with the addition of drugs Byetta and Bydureon. Bristol-Myers said late on Friday it had also reached a follow-on deal with UK-based AstraZeneca Plc to collaborate on developing Amylin's products once the buyout is completed, expanding upon an existing partnership between the two pharmaceutical makers in diabetes treatments. AstraZeneca will pay $3.4 billion in cash for these rights. ...

Trustee objects to advisers in Dewey bankruptcy Posted: 29 Jun 2012 08:38 PM PDT (Reuters) - The U.S. Trustee in the bankruptcy case of Dewey & LeBoeuf objected on Friday to the retention of law firms and public relations advisers that had filed applications to advise the defunct law firm in its bankruptcy proceedings. Hope Davis, who represents the U.S. Justice Department in the bankruptcy, objected to the applications of law firms Proskauer Rose LLP and Keightley & Ashner LLP, arguing that the case does not "warrant the need for two law firms to perform what appear to be the same services. ...

Airbus poised to invest $600 million in new U.S. plant Posted: 29 Jun 2012 05:41 PM PDT ATLANTA (Reuters) - European planemaker Airbus is poised to invest $600 million in a new U.S. production facility in Mobile, Alabama, for its A320 passenger jet that is expected to produce four planes a month by 2017, according to two people familiar with the company's plans. U.S. rival Boeing Co on Friday argued that a U.S.-based plant would not dilute Washington's case against European aircraft loans that the World Trade Organization has found illegal. The same body has also faulted some U.S. aid to Boeing. ...

EU deal for Spain, Italy buoys markets but details sketchy Posted: 30 Jun 2012 04:29 AM PDT BRUSSELS (Reuters) - Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to let their rescue fund inject aid directly into stricken banks from next year and intervene on bond markets to support troubled member states. They also pledged to create a single banking supervisor for euro zone banks based around the European Central Bank in a landmark first step towards a European banking union that could help shore up struggling member Spain. ...

Congress eases way for BP oil spill settlement Posted: 29 Jun 2012 03:39 PM PDT WASHINGTON (Reuters) - The U.S. Congress on Friday removed an obstacle to settling legal claims emerging from the 2010 BP Gulf of Mexico oil spill, when it approved a spending plan for the billions of dollars it expects the government to collect. The plan, which President Barack Obama is expected to sign, directs 80 percent of Clean Water Act penalties related to the spill to a new trust fund for restoration efforts in five states along the Gulf coast. An explosion at the Deepwater Horizon drilling rig in April 2010 killed 11 workers and led to the biggest oil spill in U.S. ...

NYSE catch saves broker from disastrous blunder Posted: 29 Jun 2012 04:39 PM PDT NEW YORK (Reuters) - They might be tooting their own horn, but the New York Stock Exchange may have a point. A programming error on a massive trade by a broker-dealer on Friday nearly caused a "disastrous" set of events at market close that could have cost millions, but was caught by a person overseeing end of day trading, the exchange, owned by NYSE Euronext , said. ...

Exclusive: Amazon to take on Brazil's ecommerce jungle Posted: 29 Jun 2012 01:30 PM PDT SAO PAULO (Reuters) - Amazon.com Inc is expected to set up a digital bookstore in Brazil in the fourth quarter, as it seeks to get a piece of the fast-growing online retail market in the country that inspired its name. The e-commerce powerhouse, named after Brazil's longest river, wants to elbow its way into Latin America's largest economy with the popular Kindle e-reader and a Portuguese-language catalogue of digital books, according to Brazilian publishers and an industry source familiar with Amazon's plans. ...

AMR wants time to develop own reorganization plan Posted: 29 Jun 2012 03:24 PM PDT (Reuters) - AMR Corp , the parent of American Airlines, wants more time to file a reorganization plan in bankruptcy without potential interference from outside parties. American, which sought court protection in November, and its unsecured creditors jointly asked a New York bankruptcy court on Friday to extend the airline's so-called exclusivity period by three months to December 27, the airline said. "We have one chance to get this restructuring right, so it's important we approach this process in a methodical and disciplined manner. ...

Securities regulator FINRA lost $84 million in 2011 Posted: 29 Jun 2012 05:36 PM PDT (Reuters) - The Financial Industry Regulatory Authority, the U.S. securities industry's self-funded regulator, lost $84 million last year on higher, one-time project expenses. Weaker collection of fees due to low industry trading volume and thin returns on its investment portfolio also depressed earnings. FINRA, whose top five executives received $6.86 million in compensation for 2011, said in its annual report released on Friday that it is seeking approval to raise fees for its brokerage firm members "in light of our robust regulatory responsibilities but static funding levels. ...

June U.S. new-car sales seen highest in 5 years Posted: 29 Jun 2012 10:12 AM PDT DETROIT (Reuters) - The deteriorating European markets have led auto industry executives to worry about possible contagion spreading across the Atlantic, but June new-car sales in the United States are expected to hit a five-year peak for that particular month. Auto sales, which offer an early snapshot of consumer demand, have been one of the bright spots in the U.S. economy for several months until May results came in short of expectations and raised concerns about the sector's recovery. ...

Securities regulator FINRA lost $84 million in 2011 Posted: 29 Jun 2012 02:12 PM PDT (Reuters) - The Financial Industry Regulatory Authority, the U.S. securities industry's self-funded regulator, lost $84 million last year because of weak industry trading volume and low returns on its investment portfolio. FINRA, whose top five executives received $6.86 million in compensation for 2011, said in its annual report released on Friday that it is seeking approval to raise fees for its brokerage firm members "in light of our robust regulatory responsibilities but static funding levels. ...

FedEx hastens fleet upgrade with 19 new Boeings Posted: 29 Jun 2012 02:24 PM PDT (Reuters) - FedEx Corp is advancing its FedEx Express unit's fleet upgrade to more fuel-efficient aircraft by buying 19 additional Boeing Co 767-300 aircraft. This order is in addition to FedEx Express' agreement with Boeing announced in December 2011 to buy 27 new 767s for delivery between fiscal 2014 and 2018 and to delay delivery of 11 of the 777 aircraft to save on fuel and cut costs. The company said on June 19 it was focused on cost cuts to boost profit margins during a prolonged period of slow global economic growth. ...

Ex-Citigroup VP gets eight years for stealing $22 million Posted: 29 Jun 2012 02:33 PM PDT NEW YORK (Reuters) - A former Citigroup Inc vice president who admitted to embezzling more than $22 million was sentenced on Friday to 8 years in prison, federal prosecutors said. Gary Foster, 35, pleaded guilty in September to siphoning the money from his employer between 2003 and 2010, transferring the funds to Citigroup's cash account before wiring it into his own personal account at a different bank. He was sentenced by U.S. District Judge Eric Vitaliano in Brooklyn federal court to 97 months on the bank fraud charge. ...

Analysis: Will RIM's cash hold out long enough? Posted: 29 Jun 2012 11:51 AM PDT TORONTO (Reuters) - For the next year or two, Research In Motion Ltd is as much about preserving cash as about selling BlackBerrys. Its very survival depends on it. The company, which released dreadful quarterly results on Thursday and delayed the launch of the next-generation BlackBerry 10s until early 2013, is frantically cutting costs to align with a revenue stream that has dropped 43 percent over the past year. Even so, RIM at best may have only enough cash to last two years, analysts and insiders estimate, though it currently sits on a cache of $2.2 billion and holds no debt. ...

Analysis: Europe steps forward; but will populace follow? Posted: 29 Jun 2012 12:45 PM PDT NEW YORK (Reuters) - Markets applauded Europe's steps to move toward a closer union - but it's not clear European voters are going to play along. That worries investors, particularly when Europe appears more deeply divided than at any time since the common currency was introduced in 1999. Europe's decision to bend its aid rules to help Italy and Spain and move toward creating a common bank supervisor pushed it a step closer to a tighter union. ...

Blackstone nears $13 billion real estate fund target: sources Posted: 29 Jun 2012 11:13 AM PDT NEW YORK (Reuters) - Blackstone Group LP has raised more than $12 billion for its latest real estate fund, its biggest yet, putting it within reach of its $13 billion fundraising target, two people familiar with the matter said on Friday. Blackstone declined to comment. The fund, Blackstone Real Estate Partners VII, is the largest buyout fund by capital targeted globally, according to market research firm Preqin. It has proved to be one of the private equity firm's most popular offerings with investors. ...

Toyota adds 2 more Lexus models to 2009 recall Posted: 29 Jun 2012 11:46 AM PDT (Reuters) - Toyota Motor Corp said it will add two of its Lexus models to a recall it started in late 2009 to address the risk that a loose floormat could force down the accelerator. Toyota Motor Sales U.S.A. Inc said about 131,800 vehicles of the 2010 RX350 model and about 22,200 vehicles of its 2010 RX450H model would be recalled. Owners of the vehicles will receive a safety recall notification in early August. Lexus dealers will handle the vehicles at no cost to the customers, the company said in a statement. Toyota in September 2009 had recalled about 3. ...

Tesco weighs future of Fresh & Easy Posted: 29 Jun 2012 10:20 AM PDT CARDIFF (Reuters) - World No. 3 retailer Tesco promised to pull the plug on its loss-making Fresh & Easy chain in the United States if it continued to disappoint, and rejected renewed calls for an independent review of its strategy for the venture. "If we see there is no chance of success, we'll do as we've just done in Japan," said chief executive Philip Clarke, referring to Tesco's deal this month to exit that market. "It is not about ego, we are businessmen," he told the British grocer's annual meeting in the Welsh capital, Cardiff, on Friday. ...

UK politicians: Banking system is corrupt Posted: 30 Jun 2012 08:48 AM PDT British politicians harshly criticized the country's banking system Saturday after Barclays was fined for manipulating data, with the leader of the opposition calling for an inquiry and government ministers joining the attack.

Brief relief, long-term questions on student loans Posted: 30 Jun 2012 08:20 AM PDT Congress may have averted a doubling of interest rates on millions of new federal student loans, but the fix is only for a year, leaving students on edge over whether they'll face a similar increase next summer.

Texas cattle deaths tied to toxic Bermuda grass Posted: 30 Jun 2012 07:52 AM PDT The sun was setting when Jerry Abel's cattle began to bellow on his Central Texas ranch. They were convulsing by the time he rushed to the pasture. Within hours, Abel had lost almost all his herd.

VidCon attracts online video makers and their fans Posted: 30 Jun 2012 07:15 AM PDT A long line of teenagers has formed inside a cavernous convention center.

UK politicians: Banking system is corruption Posted: 30 Jun 2012 06:03 AM PDT British politicians were harshly criticizing the country's banking system after British bank Barclays was fined for manipulating data to make its financial position appear stronger.

German opponents challenge budget pact, euro fund Posted: 30 Jun 2012 04:57 AM PDT Opponents of Europe's new budget-discipline pact and the eurozone's permanent rescue fund are asking Germany's highest court to issue injunctions blocking the plans.

World Bank cancels $1.2 billion Bangladesh loan Posted: 30 Jun 2012 04:09 AM PDT The World Bank has canceled a $1.2 billion loan for construction of a bridge in Bangladesh, saying it has credible evidence of corruption involving a Canadian engineering company.

Apple wins 2nd US sales ban on Samsung Galaxy Posted: 30 Jun 2012 01:30 AM PDT An American judge ordered Samsung Electronics Co. to halt U.S. sales of its Galaxy Nexus smartphone while the court considers Apple's claim that the South Korean company infringed its patents.

Peter Madoff pleads guilty in NYC, blames brother Posted: 30 Jun 2012 12:30 AM PDT In pleading guilty to criminal charges, Peter Madoff portrayed himself as a victim of a domineering older brother who he revered right up until an evening in December 2008 when his sibling revealed that his wildly successful investment business was a sham that lost its customers their nearly $20 billion investment.

Whistleblower wins in Supreme Court in Japan first Posted: 30 Jun 2012 12:01 AM PDT Japan's Supreme Court has ruled in favor of a whistleblower for the first time in a case that highlights the harsh treatment outspoken employees have endured in a nation that zealously values loyalty and conformity.

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