Saturday, September 29, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Wall Street Week Ahead: Stock bulls eye Spain, Bernanke and jobs

Posted: 29 Sep 2012 01:17 AM PDT

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Wall Street will open October with a busy week, highlighted by low expectations for global manufacturing data and the U.S. jobs report, but that could set the stage for positive surprises that help lift the market. The S&P 500 finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June. For the past three months, the S&P 500 gained 5.9 percent - its best third quarter since 2010. In contrast, the index was down 1.3 percent for the week. ...


Spain debt rises on aid to banks, regions

Posted: 29 Sep 2012 08:01 AM PDT

Spain's Treasury Minister Montoro stands in front of a screen showing a document representing the first draft of Spain's 2013 budget, during ceremony at ParliamentMADRID (Reuters) - Spain's debt level and borrowing needs are set to rise next year, piling pressure on the government to apply for international aid, as it pours funds in to cash-strapped regions and an ailing banking system, its budget showed on Saturday. Spain's debt as a ratio of gross domestic product will reach 90.5 percent by end 2013, according to the document presented to Parliament for approval, almost three times that registered before the property bubble burst in 2008. The budget aims to make savings of around 13 billion euros ($16. ...


Greece sure to get next aid tranche: German magazines

Posted: 29 Sep 2012 04:56 AM PDT

European, Greek and German flags fly outside the Chancellery in BerlinBERLIN (Reuters) - Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency, two German magazines reported on Saturday. Athens will resume talks with the 'troika' of international lenders next week on a tranche worth 31 billion euros ($39.88 billion) needed to avert bankruptcy and a possible euro zone exit. The Greek government needs a deal so it can push an austerity package through parliament before the next meeting of Eurogroup finance ministers on October 8. ...


EU raids lead recycling firms in cartel investigation

Posted: 29 Sep 2012 01:54 AM PDT

BRUSSELS (Reuters) - The European Commission said it raided several lead recycling companies in a number of European Union countries on September 26 as part of an investigation into suspected cartel practices. The Commission did not name the countries or the companies, that it said had been buying old batteries and scrap lead for recycling. "The Commission has reasons to believe that the companies concerned may have violated Article 101 of the Treaty on the Functioning of the European Union (TFEU), which prohibits cartels and restrictive business practices," it said. ...

Samsung wins reconsideration of Galaxy Tab sales ban

Posted: 29 Sep 2012 03:18 AM PDT

A visitor looks around behind Samsung Electronics' Galaxy Tab 10.1 tablet displayed for customers at a registration desk at KT's headquarters in SeoulSAN FRANCISCO (Reuters) - A U.S. appeals court ruled on Friday that a lower court should reconsider a sales ban against Samsung's Galaxy Tab 10.1 won by Apple in a patent dispute with the South Korean electronics maker. The injunction was put in place ahead of a month-long trial that pitted iPhone maker Apple Inc against Samsung Electronics Co Ltd in a closely watched legal battle that ended with a resounding victory for Apple last month on many of its patent violation claims. ...


HSBC PMI activity slide raises China Q3 growth risk

Posted: 28 Sep 2012 09:34 PM PDT

Employees make circuit boards at an electronic component factory in HefeiBEIJING (Reuters) - China's economy has almost certainly suffered a seventh straight quarter of slowing growth, with a new private sector survey of factory managers revealing a near year-long decline in business activity and a fresh fall in export orders in September. The HSBC China Manufacturing purchasing managers index (PMI) showed overall factory activity shrank for an 11th consecutive month in September, despite the 47.9 final index level being slightly ahead of a preliminary, or flash, estimate of 47.8 and the August reading of 47.6. ...


GM dismisses claims in Spyker's $3 billion lawsuit over Saab

Posted: 28 Sep 2012 05:07 PM PDT

File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit(Reuters) - General Motors Co on Friday dismissed claims made in a $3 billion lawsuit filed by Saab's parent that the U.S. automaker deliberately bankrupted the Swedish company by blocking a deal with a Chinese investor. GM, in a response filed in the U.S. District Court for the Eastern District of Michigan, said the automaker had the legal right to approve Saab's transaction with China's Zhejiang Youngman Lotus Automobile Co. "The nub of plaintiffs' complaint is that GM declined to approve the transaction plaintiffs proposed to enter into with Youngman," GM said in the filings. ...


UBS wins dismissal of shareholder lawsuit

Posted: 28 Sep 2012 12:53 PM PDT

People walk behind the logo of Swiss bank UBS in Zurich(Reuters) - UBS AG won the dismissal Friday of a shareholder lawsuit accusing the Swiss-based bank of misrepresenting its exposure to mortgage-backed securities and its compliance with U.S. tax laws. U.S. District Judge Richard Sullivan in Manhattan issued the ruling. The case is dismissed with prejudice, meaning the plaintiffs cannot replead their case at the district court level. ...


Ex-NY Times publisher Arthur Ochs Sulzberger dies

Posted: 29 Sep 2012 08:45 AM PDT

FILE - This March 2, 1973 file photo shows New York Times publisher Arthur Ochs Sulzberger in his office in New York. Sulzberger has died at age 86. The newspaper reports that his family says Sulzberger died Saturday, Sept. 29, 2012, at his home in Southampton, N.Y., after a long illness. He had retired in 1992 after three decades at the paper's helm and was succeeded by his son, Arthur Jr. (AP Photo/Anthony Camerano, File)Former New York Times publisher Arthur Ochs Sulzberger, who led the newspaper to new levels of influence and profit amid some of the most significant moments in 20th-century journalism, died Saturday. He was 86.


GM recalling 40,859 cars for potential fuel leaks

Posted: 29 Sep 2012 08:43 AM PDT

General Motors Co. is recalling more than 40,000 cars sold in warm-weather states because a plastic part might crack and cause a fuel leak.

Putin rolls back protege's modest liberal legacy

Posted: 28 Sep 2012 11:53 PM PDT

Russian President Vladimir Putin, left, and Russian Prime Minister Dmitry Medvedev meet in the Novo-Ogaryovo residence outside Moscow, Thursday, Sept. 27, 2012. A year ago, Dmitry Medvedev showed an unswerving loyalty to his mentor Vladimir Putin when he refused to seek a second presidential term and agreed to swap jobs. But Medvedev's self-denial hasn't prevented Putin from systematically rolling back indecisive and half-hearted attempts at liberal reforms made by his pliant placeholder during four years in the Kremlin. That campaign has seen the revision of Medvedev's laws, the reversal of some of his key policies and even rolling back his initiative to move the clock. (AP Photo/RIA-Novosti, Dmitry Astakhov, Government Press Service)President Vladimir Putin is turning back the clock on his predecessor's reforms — literally.


Thousands of Poles protest pro-market reforms

Posted: 29 Sep 2012 05:21 AM PDT

Thousands of Poles blew horns, prayed and waved flags in downtown Warsaw on Saturday to show their anger over a new law that raises the retirement age and a host of other issues.

Spain's debt to rise to 90.5% of GDP in 2013

Posted: 29 Sep 2012 05:56 AM PDT

Spain's public debt will reach 90.5 percent of its gross domestic product in 2013 with its new austerity budget, according to government documents.

Buffett's kids use dad's ideas to invest in giving

Posted: 29 Sep 2012 08:19 AM PDT

As they give away part of Warren Buffett's fortune, his three children have adopted an approach remarkably similar to their father's technique for making all that money.

Stocks seal 3Q gains despite bumpy final days

Posted: 28 Sep 2012 02:15 PM PDT

FILE - In this Thursday, Sept. 20, 2012, file photo, traders check the prices to begin trading on the floor of the New York Stock Exchange. Stocks fell on Friday, Sept. 28, 2012, after news that U.S. consumers spent more last month only because higher gas prices forced them to. (AP Photo/Richard Drew, File)Stocks posted solid gains for the third quarter, although the ride got bumpy at the end.


Apple CEO apologizes for error-ridden new map app

Posted: 28 Sep 2012 02:04 PM PDT

In this Wednesday, Sept. 12, 2012 photo, Apple CEO Tim Cook speaks during an introduction of the new iPhone 5 in San Francisco. Cook says the company is "extremely sorry" for the frustration that its maps application has caused and it's doing everything it can to make it better. Cook said in a letter posted online Friday Sept. 28, 2012 that Apple "fell short" in its commitment to make the best possible products for its customers. (AP Photo/Eric Risberg)Apple CEO Tim Cook apologized Friday for the company's error-ridden new mobile mapping service and pledged to improve the application installed on tens of millions of smartphones. In an unusual mea culpa, he invited frustrated consumers to turn to the competition.


Obama blocks Chinese purchase of US wind farms

Posted: 28 Sep 2012 05:55 PM PDT

FILE - In this June 19, 2012 file photo, President Barack Obama speaks as he attends a bilateral meeting with China's President Hu Jintao during the G20 Summit, in Los Cabos, Mexico. Citing national security risks, Obama on Friday, Sept. 28, 2012, blocked a Chinese company from owning four wind farm projects near a Navy base where the U.S. military flies unmanned drones and electronic-warfare planes on training missions. It was the first time in 22 years that a U.S. president has blocked such a foreign business deal. (AP Photo/Carolyn Kaster, File)Citing national security risks, President Barack Obama on Friday blocked a Chinese company from owning four wind farm projects in northern Oregon near a Navy base where the U.S. military flies unmanned drones and electronic-warfare planes on training missions.


China's manufacturing declines, but at slower pace

Posted: 28 Sep 2012 09:38 PM PDT

Chinese manufacturing contracted for the 11th straight month in September amid a fall in new orders, though the decline might be easing, a business survey showed Saturday.

Ex-NY Times publisher Arthur Ochs Sulzberger dies

Posted: 29 Sep 2012 08:45 AM PDT

FILE - This March 2, 1973 file photo shows New York Times publisher Arthur Ochs Sulzberger in his office in New York. Sulzberger has died at age 86. The newspaper reports that his family says Sulzberger died Saturday, Sept. 29, 2012, at his home in Southampton, N.Y., after a long illness. He had retired in 1992 after three decades at the paper's helm and was succeeded by his son, Arthur Jr. (AP Photo/Anthony Camerano, File)Former New York Times publisher Arthur Ochs Sulzberger, who led the newspaper to new levels of influence and profit amid some of the most significant moments in 20th-century journalism, died Saturday. He was 86.


GM recalling 40,859 cars for potential fuel leaks

Posted: 29 Sep 2012 08:43 AM PDT

General Motors Co. is recalling more than 40,000 cars sold in warm-weather states because a plastic part might crack and cause a fuel leak.

Former New York Times executive Arthur Sulzberger dies at 86

Posted: 29 Sep 2012 08:21 AM PDT

WASHINGTON (Reuters) - Former New York Times publisher Arthur Ochs Sulzberger, who led the company for 34 years in a period of growth that made it a multibillion-dollar media enterprise, died on Saturday at the age of 86, the newspaper said. Sulzberger, whose family bought the Times in 1896, died at his home in Southampton, New York, after a lengthy illness, his family said. Sulzberger, known by his childhood nickname Punch, became publisher of the Times in 1963 and turned over that job to his son, Arthur Sulzberger Jr., in 1992. He handed the chairman's position to his son in 1997. ...

Buffett's kids use dad's ideas to invest in giving

Posted: 29 Sep 2012 08:19 AM PDT

As they give away part of Warren Buffett's fortune, his three children have adopted an approach remarkably similar to their father's technique for making all that money.

Thousands in Germany protest for wealth tax

Posted: 29 Sep 2012 08:06 AM PDT

Thousands of people across Germany have protested for the introduction of taxes on wealth and financial transactions.

Analysis: Candidates' deficit plans don't add up

Posted: 29 Sep 2012 08:04 AM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a rally at Valley Forge Military Academy and College, Friday, Sept. 28, 2012 in Wayne, Pa. (AP Photo/ Evan Vucci)Here's the rap on the presidential candidates' plans for cutting federal deficits: Mitt Romney's is too bold and the numbers don't add up, while President Barack Obama's is too timid and his numbers don't add up, either.


Spain debt rises on aid to banks, regions

Posted: 29 Sep 2012 08:01 AM PDT

Spain's Treasury Minister Montoro stands in front of a screen showing a document representing the first draft of Spain's 2013 budget, during ceremony at ParliamentMADRID (Reuters) - Spain's debt level and borrowing needs are set to rise next year, piling pressure on the government to apply for international aid, as it pours funds in to cash-strapped regions and an ailing banking system, its budget showed on Saturday. Spain's debt as a ratio of gross domestic product will reach 90.5 percent by end 2013, according to the document presented to Parliament for approval, almost three times that registered before the property bubble burst in 2008. The budget aims to make savings of around 13 billion euros ($16. ...


Spain's debt to rise to 90.5% of GDP in 2013

Posted: 29 Sep 2012 05:56 AM PDT

Spain's public debt will reach 90.5 percent of its gross domestic product in 2013 with its new austerity budget, according to government documents.

Dubai's Emaar sells hotel to Abu Dhabi firm

Posted: 29 Sep 2012 05:41 AM PDT

DUBAI (Reuters) - Dubai's Emaar Properties , the builder of the world's tallest tower, has sold one of its hotel assets to an Abu Dhabi-based real estate firm for an undisclosed amount. Eshraq Properties said in a statement on Saturday that it has acquired Nuran Marina, a serviced hotel apartment owned by Emaar and located in the up-market Dubai Marina area. Emaar said in a statement it was still focusing on Dubai but looking to strengthen its Address brand of hotels. "The transaction of Nuran Serviced Residencies Dubai Marina was completed in the second quarter of 2012. ...

Thousands of Poles protest pro-market reforms

Posted: 29 Sep 2012 05:21 AM PDT

Thousands of Poles blew horns, prayed and waved flags in downtown Warsaw on Saturday to show their anger over a new law that raises the retirement age and a host of other issues.

Tunisia plans to issue Islamic bonds early 2013: cenbank

Posted: 29 Sep 2012 05:21 AM PDT

TUNIS (Reuters) - Tunisia plans to issue Islamic bonds early next year as the North African country seeks to reform its banking sector and diversify sources of funding, the central bank governor said on Saturday. "Tunisia will begin issuing Islamic bonds early next year ... This is part of the draft budget for 2013," Tunisian central bank governor Chadli Ayari told Reuters on the sidelines of a banking seminar. "There are studies under way for Islamic finance in the country, including issuing Islamic bonds. ...

Greece sure to get next aid tranche: German magazines

Posted: 29 Sep 2012 04:56 AM PDT

European, Greek and German flags fly outside the Chancellery in BerlinBERLIN (Reuters) - Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency, two German magazines reported on Saturday. Athens will resume talks with the 'troika' of international lenders next week on a tranche worth 31 billion euros ($39.88 billion) needed to avert bankruptcy and a possible euro zone exit. The Greek government needs a deal so it can push an austerity package through parliament before the next meeting of Eurogroup finance ministers on October 8. ...


Wall St marks best third quarter since 2010

Posted: 29 Sep 2012 03:56 AM PDT

NEW YORK (Reuters) - Wall Street closed its best third quarter since 2010 after a wave of central bank actions sparked a dramatic reversal in equity markets, but signs of weakness in the economy drove stocks lower on Friday. The S&P 500 climbed 5.9 percent over the past three months as central banks geared up to boost liquidity to markets and kick-start their flagging economies. The move has lifted the benchmark index as much as 17 percent this year, recently pushing the S&P to its best level in five years. But on Friday, investors grappled with more disappointing U.S. ...

Samsung wins reconsideration of Galaxy Tab sales ban

Posted: 29 Sep 2012 03:18 AM PDT

A visitor looks around behind Samsung Electronics' Galaxy Tab 10.1 tablet displayed for customers at a registration desk at KT's headquarters in SeoulSAN FRANCISCO (Reuters) - A U.S. appeals court ruled on Friday that a lower court should reconsider a sales ban against Samsung's Galaxy Tab 10.1 won by Apple in a patent dispute with the South Korean electronics maker. The injunction was put in place ahead of a month-long trial that pitted iPhone maker Apple Inc against Samsung Electronics Co Ltd in a closely watched legal battle that ended with a resounding victory for Apple last month on many of its patent violation claims. ...


EU raids lead recycling firms in cartel investigation

Posted: 29 Sep 2012 01:54 AM PDT

BRUSSELS (Reuters) - The European Commission said it raided several lead recycling companies in a number of European Union countries on September 26 as part of an investigation into suspected cartel practices. The Commission did not name the countries or the companies, that it said had been buying old batteries and scrap lead for recycling. "The Commission has reasons to believe that the companies concerned may have violated Article 101 of the Treaty on the Functioning of the European Union (TFEU), which prohibits cartels and restrictive business practices," it said. ...

Tanzania licences first credit reference bureau

Posted: 29 Sep 2012 01:42 AM PDT

DAR ES SALAAM (Reuters) - Tanzania's central bank has licensed the country's first credit reference bureau to encourage information sharing among banks to spur lending and lower commercial interest rates, it said on Friday. Dun & Bradstreet, a global business information firm, was licensed as the credit reference bureau. "Access to individual or company's credit history reduces incidences of institutions lending to habitual defaulters," said Juma Reli, deputy governor at the central bank. ...

Tunisia sees budget deficit narrowing to 6 pct/GDP in 2013

Posted: 29 Sep 2012 01:38 AM PDT

An Tunisian man buys fish on the first day of Ramadan in downtown TunisiaTUNIS (Reuters) - Tunisia's budget deficit should narrow to 6 percent next year from 6.6 percent of GDP expected in 2012, the central bank governor said on Friday, indicating economic recovery in the cradle of Arab Spring revolts may take longer than anticipated. Chadli Ayari, who took over in July after his predecessor was sacked, also said a 3.5 percent economic growth in 2013 was achievable while the government bets on 4.5 percent up from 3.5 percent it expects this year. ...


Total to bid for more Uganda exploration blocks

Posted: 29 Sep 2012 01:31 AM PDT

Logo of French oil giant Total on its headquarters in the financial district of la Defense near ParisKAMPALA (Reuters) - French oil firm Total SA will be bidding for more exploration blocks in Uganda when the country conducts a new licensing round, a company executive said on Friday. Total entered the east African nation's burgeoning petroleum industry early this year after it took a third of British explorer Tullow Oil's exploration assets in the country. China's CNOOC also bought a third of the assets. Loic Laurandel, general manager of Total's Uganda unit, told reporters the company expected Uganda to produce its first oil in 2017. The government expects production sooner. ...


S.Africa to debut on Citi index, credit worries remain

Posted: 29 Sep 2012 01:30 AM PDT

A BANK TELLER LOOKS AT 50 AND 100 SOUTH AFRICAN RAND NOTES.JOHANNESBURG (Reuters) - South Africa's debt market should continue to benefit after it becomes the first in Africa to be included in a prominent global bond index, a welcome boost after violence tarnished the country's investment reputation. The long-awaited debut in Citigroup's World Government Bond Index - first announced in June but not officially effective until October 1 - puts South Africa alongside 22 other countries on the index, tracked by an estimated $2 trillion worth of funds. ...


Spain's debt-to-GDP ratio to rise to 90.5 percent in 2013 versus 85.3 percent in 2012

Posted: 29 Sep 2012 01:29 AM PDT

MADRID (Reuters) - Spain's debt will reach 90.5 percent of gross domestic product by end 2013 after hitting 85.3 percent of GDP by the end of this year, the government's budget document showed on Saturday. The debt ratio included 30 billion euros of the planned 100-billion-euro aid request for the country's banks, the document said. The Treasury saw gross debt issuance requirements of 207.2 billion euros next year after budgeting in 2012 for gross issuance of 186.1 billion euros. ...

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