Sunday, September 30, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Wall Street Week Ahead: Bulls eye Spain, Bernanke and jobs

Posted: 30 Sep 2012 08:27 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. Any positive surprises may help lift the market. Spain is the wild card. And if it's played well, then the bulls might dance. 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. ...


Analysis: As fiscal cliff nears, markets ponder a rougher ride

Posted: 30 Sep 2012 07:53 AM PDT

The dome of the U.S. Capitol is seen in WashingtonNEW YORK (Reuters) - When it comes to deficit reduction, many investors would rather Congress "kick the can down the road" again than let 2013 start with a blast of fiscal austerity not seen since the Vietnam War. While hardly optimal, a temporary deal that prevents a plunge over the "fiscal cliff" would stave off recession and buy time for investors to tweak their portfolios. ...


Insight: Mom and pop investors miss out on stock market gains

Posted: 30 Sep 2012 08:17 AM PDT

California state worker Curtis Walker looks over retirement plan brochures at the Calpers regional office in SacramentoNEW YORK (Reuters) - Stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party - especially those with the least saved. Those who missed much of the rally did so because they reduced equity exposure after the benchmark S&P 500 index plummeted 57 percent between late 2007 and March 2009, according to an analysis by Reuters of mutual fund flows and changes in assets held in retirement accounts. Investors with the smallest savings typically saw the lowest percentage recovery in returns. ...


Analysis: They're back! Yield hunt pushes funds into CLOs, CDOs

Posted: 30 Sep 2012 05:02 AM PDT

NEW YORK (Reuters) - Fund managers are increasingly eyeing riskier exotic assets, some of which haven't been in fashion since the financial crisis, as yields on traditional investments get close to rock bottom. Returns from investments in "junk" bonds, government guaranteed mortgage securities and even some battered euro-zone debt are plunging in the wake of global central bank policies intended to suppress borrowing costs. In particular, the Federal Reserve's latest move to juice the U.S. ...

BP spill settlement talks stall as U.S. demands $18 billion: paper

Posted: 30 Sep 2012 06:04 AM PDT

A British Petroleum (BP) logo is seen at a petrol station near the Burj Khalifa in DubaiLONDON (Reuters) - Talks between BP and the U.S. government over a settlement for the 2010 oil spill have stalled because the U.S. is insisting that the British oil giant pay at least $18 billion, British newspaper the Sunday Times reported. A settlement deal may not happen until early next year, the newspaper quoted sources close to the company as saying. A settlement between $18 billion to $21 billion is near the level which BP would be required to pay should it be found grossly negligent under the Clean Water Act, said the paper. ...


FX traders seek coaching in battle for dominance

Posted: 30 Sep 2012 03:10 AM PDT

Foreign exchange dealers smile as they conduct trading at a dealing room in TokyoLONDON (Reuters) - In the take-no-prisoners world of foreign exchange dealing, asking traders to look inside themselves and confront their inner demons may seem a forlorn endeavor. Yet some banks are turning to performance coaches to give their traders an edge in the battle to make money in the $4.5 trillion dollar a day FX market. This soft skills approach contrasts with the popular stereotype of FX traders hurling prices -- and abuse -- at each other across the dealing room floor. ...


France, Germany agree strategy in EADS talks: report

Posted: 30 Sep 2012 07:59 AM PDT

Visitors talk near the welcome desk of the EADS booth at the ILA Berlin Air Show south of BerlinFRANKFURT (Reuters) - France and Germany have agreed a common strategy for the planned $45 billion merger of Airbus parent EADS and Britain's BAE Systems , a German magazine reported on Sunday. The plan foresees France and Germany each holding a 9 percent stake in the merged entity, which would be the world's largest defense and aerospace company, Der Spiegel magazine reported, citing high level civil servants. The Franco-German agreement would form the basis for their negotiations with the British government in talks this week, the magazine added. ...


Exxon yet to inspect Afghanistan's biggest oil project: minister

Posted: 30 Sep 2012 05:24 AM PDT

Afghan Mining Minister Wahidullah Shahrani speaks during an interview in KabulKABUL (Reuters) - Exxon Mobil Corp, the world's biggest non-state oil company, has not yet accepted an offer to look over a new Afghan oil concession in the country's north, possibly indicating a fading appetite to invest in the conflict-wracked country. As Afghanistan's government finalizes new laws designed to attract more foreign mining investment, Mining Minister Wahidullah Shahrani told Reuters that Exxon had not turned up for a site tour which closes on Sunday, despite being shortlisted with eight other firms for the Afghan Tajik tender near Mazar-e-Sharif. ...


Spain debt rises on aid to banks, regions, finance cost

Posted: 29 Sep 2012 10:02 PM 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 levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, 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. ...


UK's Labour to impose "real" bank split if elected: Miliband

Posted: 30 Sep 2012 03:48 AM PDT

The leader of Britain's opposition Labour Party, Ed Miliband, speaks on the BBC's Andrew Marr Show during the Labour Party annual conference in ManchesterMANCHESTER, England (Reuters) - Britain's Labour opposition leader launched an offensive against banks on Sunday ahead of his party's annual conference, promising a "real separation" of retail and investment banking and to raise the top rate of personal income tax. The Conservative-Liberal Democrat coalition government has said it will implement the recommendations of an independent review by Oxford University economist John Vickers into how banks should be structured in the wake of the global credit crisis. ...


Thousands march in Paris against austerity

Posted: 30 Sep 2012 08:25 AM PDT

Demonstrators march during a rally with banners and flags to protest against the austerity measures announced by the French government, in Paris, Sunday, Sept 30, 2012. (AP Photo/Michel Euler)Thousands of demonstrators are marching peacefully in Paris to denounce austerity measures in Europe that have sparked violent protests in other EU countries struggling to avert fiscal crises.


Shell hopeful on Arctic drilling despite setback

Posted: 30 Sep 2012 09:08 AM PDT

The stars lined up — almost — for Shell Oil to drill exploratory wells this year in waters off Alaska's north coast.

Ryan: Explaining tax plan math too time-consuming

Posted: 30 Sep 2012 07:51 AM PDT

Paul Ryan says it would take too long to explain the numbers behind the tax plan that he and Mitt Romney are proposing.

Calif dairies going broke due to feed, milk prices

Posted: 29 Sep 2012 02:59 PM PDT

In this photo taken Sept. 14, 2012, cows at the the Atsma-Cameron Dairy in take a break from feeding in Hanford, Calif. Across California, the nation's largest dairy state, dozens of dairy operators have filed for bankruptcy or sold their herds because of high feed costs and milk prices that are lower than in other states. (AP Photo/Gosia Wozniacka)In nearly six decades of running a dairy in central California, Mary Cameron made a name for herself in a male-dominated industry: She led several dairy organizations and was honored as Outstanding Dairy Producer of the Year.


Madrid anti-austerity protests turn violent again

Posted: 29 Sep 2012 05:39 PM PDT

Protestors gather near Parliament against austerity measures announced by the Spanish government in Madrid, Spain, Saturday, Sept. 29, 2012. Tens of thousands of Spaniards and Portuguese rallied in the streets to protest enduring deep economic pain from austerity cuts. In Madrid, demonstrators approached parliament for the third time this week to vent their anger against tax hikes, government spending cuts and the highest unemployment rate among the 17 nations that use the euro. Banner reads 'Hate debt, referendum'.(AP Photo/Daniel Ochoa De Olza)Tens of thousands of Spaniards and Portuguese rallied in the streets of their countries' capitals Saturday to protest enduring deep economic pain from austerity measure, and the demonstration in Madrid turned violent after Spaniards enraged over a long-lasting recession and sky-high unemployment clashed with riot police for the third time in less than a week near Parliament.


NFL refs approve deal, ready for Sunday games

Posted: 29 Sep 2012 01:28 PM PDT

NFL head linesman Tom Stabile, left, and referee Ed Hochuli arrive at an Irving, Texas hotel Friday, Sept. 28, 2012. Officials started arriving Friday to discuss and vote on an agreement reached with the league late Wednesday. Some planned to fly directly to their assigned cities for Sunday's game. The deal must be ratified by 51 percent of the union's 121 members. (AP Photo/Nomaan Merchant)NFL officials ended their labor dispute with the league by approving a new eight-year contract with a 112-5 vote Saturday, then hustled off to the airport to get to work.


Next cold war? Gas drilling boom rattles Russia

Posted: 30 Sep 2012 09:21 AM PDT

The Kremlin is watching, European nations are rebelling, and some suspect Moscow is secretly bankrolling a campaign to derail the West's strategic plans.

WHY IT MATTERS: Social Security

Posted: 30 Sep 2012 09:20 AM PDT

FILE - In this Sept. 21, 2011, file photo Republican presidential candidate, former Massachusetts Gov. Mitt Romney talks to participants at a town hall meeting in Miami. Romney discussed his plans to improve the economy, create jobs and protect Social Security. For Social Security Romney proposes a gradual increase in the retirement age to account for growing life expectancy. For future generations, Romney would slow the growth of benefits "for those with higher incomes." (AP Photo/Alan Diaz, File)The issue:


Shell hopeful on Arctic drilling despite setback

Posted: 30 Sep 2012 09:08 AM PDT

The stars lined up — almost — for Shell Oil to drill exploratory wells this year in waters off Alaska's north coast.

Why US economy is flashing conflicting signals

Posted: 30 Sep 2012 09:07 AM PDT

Anyone puzzled by the most recent U.S. economic data has reason for feeling so: The numbers sketch a sometimes contradictory picture of the economy.

Medicare fines over hospitals' readmitted patients

Posted: 30 Sep 2012 08:49 AM PDT

If you or an elderly relative have been hospitalized recently and noticed extra attention when the time came to be discharged, there's more to it than good customer service.

'Hotel Transylvania' checks in with $43M debut

Posted: 30 Sep 2012 08:47 AM PDT

Adam Sandler's monster mash-up "Hotel Transylvania" has brought the weekend box office back to life after a late-summer slump.

Investors eye the 'cliff' as Obama gains in polls

Posted: 30 Sep 2012 08:47 AM PDT

As President Barack Obama widened his lead over Mitt Romney in polls this month, traders at hedge funds and investment firms began shooting emails to clients with a similar theme: It's time to start preparing for an Obama victory.

From words to deeds: Why election matters

Posted: 30 Sep 2012 08:37 AM PDT

FILE - In this March 30, 2010 file photo President Barack Obama, and House Speaker Nancy Pelosi of Calif., right, and others applaud after the president signed the Health Care and Education Reconciliation Act of 2010 at a community college in Alexandria, Va. When you vote in November 2012, you'll be voting for more than a president; you'll be casting a ballot for and against a checklist of policies that touch your life and shape the country you live in. It can be hard to see through the process that the election is a contest of actual ideas, but it is always so. A candidate's words connect to deeds in office. (AP Photo/Alex Brandon, File)When you vote for Democrat Barack Obama or Republican Mitt Romney in November, you'll be voting for more than a president. You'll be casting a ballot for and against a checklist of policies that touch your life and shape the country you live in.


Wall Street Week Ahead: Bulls eye Spain, Bernanke and jobs

Posted: 30 Sep 2012 08:27 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. Any positive surprises may help lift the market. Spain is the wild card. And if it's played well, then the bulls might dance. 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. ...


Insight: Mom and pop investors miss out on stock market gains

Posted: 30 Sep 2012 08:17 AM PDT

California state worker Curtis Walker looks over retirement plan brochures at the Calpers regional office in SacramentoNEW YORK (Reuters) - Stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party - especially those with the least saved. Those who missed much of the rally did so because they reduced equity exposure after the benchmark S&P 500 index plummeted 57 percent between late 2007 and March 2009, according to an analysis by Reuters of mutual fund flows and changes in assets held in retirement accounts. Investors with the smallest savings typically saw the lowest percentage recovery in returns. ...


France, Germany agree strategy in EADS talks: report

Posted: 30 Sep 2012 07:59 AM PDT

Visitors talk near the welcome desk of the EADS booth at the ILA Berlin Air Show south of BerlinFRANKFURT (Reuters) - France and Germany have agreed a common strategy for the planned $45 billion merger of Airbus parent EADS and Britain's BAE Systems , a German magazine reported on Sunday. The plan foresees France and Germany each holding a 9 percent stake in the merged entity, which would be the world's largest defense and aerospace company, Der Spiegel magazine reported, citing high level civil servants. The Franco-German agreement would form the basis for their negotiations with the British government in talks this week, the magazine added. ...


Analysis: As fiscal cliff nears, markets ponder a rougher ride

Posted: 30 Sep 2012 07:53 AM PDT

The dome of the U.S. Capitol is seen in WashingtonNEW YORK (Reuters) - When it comes to deficit reduction, many investors would rather Congress "kick the can down the road" again than let 2013 start with a blast of fiscal austerity not seen since the Vietnam War. While hardly optimal, a temporary deal that prevents a plunge over the "fiscal cliff" would stave off recession and buy time for investors to tweak their portfolios. ...


Ryan: Explaining tax plan math too time-consuming

Posted: 30 Sep 2012 07:51 AM PDT

Paul Ryan says it would take too long to explain the numbers behind the tax plan that he and Mitt Romney are proposing.

Bay Street: Winter of discontent seen for Canadian gas producers

Posted: 30 Sep 2012 07:39 AM PDT

CALGARY, Alberta (Reuters) - Growing natural gas production and a surplus of supply in storage has depressed prices for the fuel and battered the cash flows and shares of Canada's gas producers. The outlook? It won't please anyone who's investment horizon isn't at least a year away. Investors looking for a rebound in the price of the commodity and corresponding gains in the shares of gas producers Encana Corp , Tourmaline Oil Corp , ARC Resources Ltd and others may need to be patient. There is little on the horizon to suggest that prices are going to rise in the near term. ...

Renault mulling complete factory closures: report

Posted: 30 Sep 2012 07:21 AM PDT

Renault Chief Operating Officer Carlos Tavares addresses reporters on media day at the Paris Mondial de l'AutomobileFRANKFURT (Reuters) - French car maker Renault is considering the complete closure of factories because of the dire state of the European automobile market, the company's chief operating officer was quoted as saying on Sunday. "We will see. We are currently talking to the unions and explaining to them how big the gaps are in our competitiveness," Carlos Tavares told German trade newspaper Automobilwoche. "We have a competitiveness problem in western Europe and France. ...


After falls, yields on 91, 266-day Egypt bills edge up

Posted: 30 Sep 2012 07:10 AM PDT

CAIRO (Reuters) - Average yields on 91-day and 266-day treasury bills sold at auction on Sunday edged higher, interrupting a downward trend of recent weeks, and the Finance Ministry sold fewer 266-day bills than it had offered, central bank data showed. One analyst said the relatively swift fall in yields since the middle of the year made a small correction on the upside unsurprising but said it was too early to talk about a reversal in the broader trend of falling yields. Egypt, battered by months of political turmoil, has been seeking to lift investor confidence in its economy. ...

BP spill settlement talks stall as U.S. demands $18 billion: paper

Posted: 30 Sep 2012 06:04 AM PDT

A British Petroleum (BP) logo is seen at a petrol station near the Burj Khalifa in DubaiLONDON (Reuters) - Talks between BP and the U.S. government over a settlement for the 2010 oil spill have stalled because the U.S. is insisting that the British oil giant pay at least $18 billion, British newspaper the Sunday Times reported. A settlement deal may not happen until early next year, the newspaper quoted sources close to the company as saying. A settlement between $18 billion to $21 billion is near the level which BP would be required to pay should it be found grossly negligent under the Clean Water Act, said the paper. ...


Bulgaria to make up delays in gas link projects

Posted: 30 Sep 2012 06:02 AM PDT

An employee walks at Bulgartransgaz gas compressor station near the town of ProvadiaVARNA, Bulgaria (Reuters) - Bulgaria pledged to make up for delays in connecting its gas network with neighboring Balkan countries and hopes to have links with neighboring Greece and Turkey by the end of next year, the economy and energy minister said on Sunday. A new gas development plan of the state network operator Bulgartransgaz earlier on Sunday revealed it expected a one year delay in the project until the end of 2014, but Dobrev said the operator was being too conservative. "Bulgartransgaz presented only a plan. ...


Exxon yet to inspect Afghanistan's biggest oil project: minister

Posted: 30 Sep 2012 05:24 AM PDT

Afghan Mining Minister Wahidullah Shahrani speaks during an interview in KabulKABUL (Reuters) - Exxon Mobil Corp, the world's biggest non-state oil company, has not yet accepted an offer to look over a new Afghan oil concession in the country's north, possibly indicating a fading appetite to invest in the conflict-wracked country. As Afghanistan's government finalizes new laws designed to attract more foreign mining investment, Mining Minister Wahidullah Shahrani told Reuters that Exxon had not turned up for a site tour which closes on Sunday, despite being shortlisted with eight other firms for the Afghan Tajik tender near Mazar-e-Sharif. ...


Analysis: They're back! Yield hunt pushes funds into CLOs, CDOs

Posted: 30 Sep 2012 05:02 AM PDT

NEW YORK (Reuters) - Fund managers are increasingly eyeing riskier exotic assets, some of which haven't been in fashion since the financial crisis, as yields on traditional investments get close to rock bottom. Returns from investments in "junk" bonds, government guaranteed mortgage securities and even some battered euro-zone debt are plunging in the wake of global central bank policies intended to suppress borrowing costs. In particular, the Federal Reserve's latest move to juice the U.S. ...

No comments:

Post a Comment