Yahoo! News: Health News

---

• Wall Street jumps as U.S. manufacturing expands
• U.S. manufacturing grows in September for first time since May
• Honda expands North American recall to include over 600,000 Accords
• Nokia sells mapping services to Oracle
• UK would veto BAE/EADS if terms not right
• Exclusive: Top Morgan Stanley broker departs for J.P. Morgan
• Greek 2013 budget sees 6th year of recession
• August construction spending records largest drop in a year
• Xstrata gives cautious blessing to $33 billion Glencore bid
• EU's Rehn: aid for Spain banks won't hurt budget goal
• US manufacturing grows for 1st time in 4 months
• Huge tax increase looms at year-end 'fiscal cliff'
• Stocks jump following expansion in manufacturing
• US builders boost housing spending, cut elsewhere
• Amex paying $112M in late-fee settlements
• Bacon shortage 'baloney,' but prices to rise
• Small biz lending up in Aug., 2nd straight gain
• Xstrata board recommends Glencore merger
• Eurozone unemployment stuck at record 11.4 pct
• Honda recalls 600,000 Accords to fix faulty hoses
• Huge tax increase looms at year-end 'fiscal cliff'
• Honda recalls 600,000 Accords to fix faulty hoses
• Small biz lending up in Aug., 2nd straight gain
• Former Johnson & Johnson CEO Burke dies at 87
• Oil higher after US manufacturing report
• Eurozone unemployment stuck at record 11.4 pct
• Stocks jump following expansion in manufacturing
• Amex paying $112M in late-fee settlements
• SNC Lavalin CEO sees growth potential despite scandal
• Wall Street jumps as U.S. manufacturing expands
• US builders boost housing spending, cut elsewhere
• Yahoo CEO Marissa Mayer has baby boy
• Syncrude to work on extending life of Alberta oil sands mine
• Rooftop pool, wine bar: Hotels building in Africa
• ICoast cocoa output seen down 7 pct in 2011-12
• Merkel challenger blasts German-Swiss tax deal
• Peanut butter recall includes major retailers
• Shell, Exxon eye Mozambique gas potential
• A glance at unemployment rates around the eurozone
• EU official: Spain has not asked for bailout

Wall Street jumps as U.S. manufacturing expands Posted: 01 Oct 2012 08:37 AM PDT NEW YORK (Reuters) - U.S. stocks advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe. U.S. manufacturing expanded in September for the first time since May as new orders and employment picked up, an Institute for Supply Management report showed. Financial stocks led the market's advance with Goldman Sachs Group up 4 percent at $118.28 after the weekly Barron's said Goldman shares could rise at least 25 percent in the next year as capital markets improve. The ISM's index rose to 51. ...

U.S. manufacturing grows in September for first time since May Posted: 01 Oct 2012 07:35 AM PDT NEW YORK (Reuters) - The U.S. manufacturing sector expanded in September for the first time since May as new orders and employment picked up, an industry report showed on Monday. The Institute for Supply Management said its index of national factory activity rose to 51.5 from 49.6 in August, topping expectations in a Reuters poll for 49.7. It was the first time since May that the index has been above the 50 threshold that indicates expansion in the sector. The forward-looking new orders gauge also rose to its highest level since May at 52.3 from 47.1, while employment gained to 54.7 from 51.6. ...

Honda expands North American recall to include over 600,000 Accords Posted: 01 Oct 2012 08:16 AM PDT (Reuters) - Honda Motor Co Ltd is expanding a recall in North America to include more than 600,000 Accord mid-size sedans to address a potential power steering fluid leak problem that could cause a fire under the hood. Honda is recalling 573,147 Accords in the United States equipped with V6 engines from model years 2003 through 2007, according to documents filed with the U.S. National Highway Traffic Safety Administration. In Canada, the number of affected Accords is 30,058, a company spokesman said. ...

Nokia sells mapping services to Oracle Posted: 01 Oct 2012 07:29 AM PDT HELSINKI (Reuters) - Nokia Oyj has agreed to give Oracle Corp's customers access to its mapping products, as the mobile phone company seeks to expand its location services business. The Finnish company, which bought the world's largest digital mapping firm, Navteq, in 2008, has been looking for ways to boost the business and recently signed mapping deals with Groupon Inc and Amazon.Com Inc. In stark contrast with Nokia's troubled mobile phone operation, sales at the location business grew last quarter, though it still generates only 4 percent of group revenue. ...

UK would veto BAE/EADS if terms not right Posted: 01 Oct 2012 07:47 AM PDT LONDON (Reuters) - The British government would be prepared to use its 'golden share' to veto the proposed $45 billion merger between EADS and BAE Systems if the terms were not right for Britain, a defense ministry source said. Priorities for the British government include jobs and future security for BAE plants in Britain. It would also insist that the defense business is based in Britain with a British chief executive, said the source, who spoke on condition of anonymity. ...

Exclusive: Top Morgan Stanley broker departs for J.P. Morgan Posted: 01 Oct 2012 07:36 AM PDT (Reuters) - A top Morgan Stanley broker who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities. Adviser Jonathan Madrigano, who worked out of Morgan Stanley Wealth Management's Midtown Manhattan office, generated annual revenue of between $8 million and $10 million, according to sources with knowledge of the move. ...

Greek 2013 budget sees 6th year of recession Posted: 01 Oct 2012 08:05 AM PDT ATHENS (Reuters) - Greece will bring forward painful budget cuts to end a decade of primary deficits while grappling with a sixth year of recession, according to a 2013 budget draft aimed at satisfying international lenders. The government unveiled a tough austerity budget after Finance Minister Yannis Stournaras met the so-called "troika" of International Monetary Fund, European Commission and European Central Bank inspectors, whose approval is vital to unlock the next slice of aid, urgently needed to avoid bankruptcy. Greece will aim for a primary surplus before debt service of 1. ...

August construction spending records largest drop in a year Posted: 01 Oct 2012 07:08 AM PDT WASHINGTON (Reuters) - Construction spending in August fell by the most in a year as a rebound in residential projects was offset by weak non-residential structures and public sector project outlays, a government report showed on Monday. Construction spending fell 0.6 percent, the largest drop since July last year, to an annual rate of $837.1 billion, the Commerce Department said. July's outlays were revised to a smaller 0.4 percent drop than the previously reported 0.9 percent fall. Economists polled by Reuters had expected construction spending to rise 0.5 percent in August. ...

Xstrata gives cautious blessing to $33 billion Glencore bid Posted: 01 Oct 2012 07:42 AM PDT LONDON (Reuters) - Mining group Xstrata gave its long-awaited blessing on Monday to a revised $33 billion bid from trader Glencore, bowing to investor pressure by changing the deal to ensure it isn't sunk by a payment plan to retain top managers. Xstrata dropped its insistence that the overall deal be tied to a shareholders' vote on the controversial package, which offers over 70 top executives a total of roughly 140 million pounds ($226 million) to dissuade them from quitting. ...

EU's Rehn: aid for Spain banks won't hurt budget goal Posted: 01 Oct 2012 06:49 AM PDT MADRID (Reuters) - The 40 billion euros ($51 billion) in European aid that Spain plans to take for its ailing banks should start flowing in November and will not push up the country's structural deficit, EU Commissioner Olli Rehn said on Monday. Spain has been struggling to hold down its borrowing costs as the euro zone's sovereign debt crisis intensifies. It has agreed with the European Union to bring its deficit down to 6.3 percent of gross domestic product this year. ...

US manufacturing grows for 1st time in 4 months Posted: 01 Oct 2012 08:06 AM PDT U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The increase is a hopeful sign that the economy may be improving after a weak stretch.

Huge tax increase looms at year-end 'fiscal cliff' Posted: 01 Oct 2012 08:51 AM PDT A new study is detailing how taxpayers across the income spectrum would face whopping tax hikes next year if Washington fails to renew a lengthy roster of tax cuts set to expire in December.

Stocks jump following expansion in manufacturing Posted: 01 Oct 2012 08:41 AM PDT Stocks got a boost on Wall Street from positive economic news on Monday.

US builders boost housing spending, cut elsewhere Posted: 01 Oct 2012 08:36 AM PDT U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Still, the increase couldn't offset cuts in public projects and commercial real estate.

Amex paying $112M in late-fee settlements Posted: 01 Oct 2012 08:38 AM PDT American Express is paying $112 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees, and deceived customers to pressure them to pay off old debts or buy extra credit card services.

Bacon shortage 'baloney,' but prices to rise Posted: 01 Oct 2012 07:47 AM PDT Bacon lovers can relax. They'll find all they want on supermarket shelves in the coming months, though their pocketbooks may take a hit.

Small biz lending up in Aug., 2nd straight gain Posted: 01 Oct 2012 08:49 AM PDT Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August — a sign that business owners are becoming more confident about the economy.

Xstrata board recommends Glencore merger Posted: 01 Oct 2012 02:46 AM PDT The board of Anglo-Swiss mining company Xstrata PLC said Monday it is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC — a deal that would create an industry behemoth with revenues of around $175 billion.

Eurozone unemployment stuck at record 11.4 pct Posted: 01 Oct 2012 08:45 AM PDT Unemployment across the 17 countries that use the euro remained at its record high rate of 11.4 percent in August renewing concerns that efforts to slash debts have sacrificed jobs.

Honda recalls 600,000 Accords to fix faulty hoses Posted: 01 Oct 2012 08:49 AM PDT Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire.

Huge tax increase looms at year-end 'fiscal cliff' Posted: 01 Oct 2012 08:51 AM PDT A new study is detailing how taxpayers across the income spectrum would face whopping tax hikes next year if Washington fails to renew a lengthy roster of tax cuts set to expire in December.

Honda recalls 600,000 Accords to fix faulty hoses Posted: 01 Oct 2012 08:49 AM PDT Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire.

Small biz lending up in Aug., 2nd straight gain Posted: 01 Oct 2012 08:49 AM PDT Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August — a sign that business owners are becoming more confident about the economy.

Former Johnson & Johnson CEO Burke dies at 87 Posted: 01 Oct 2012 08:47 AM PDT Former Johnson & Johnson CEO James E. Burke, who steered the health care giant through the Tylenol poisonings in the 1980s that resulted in the first tamper-resistant product packaging, has died.

Oil higher after US manufacturing report Posted: 01 Oct 2012 08:46 AM PDT The price of oil is higher Monday after a report showing U.S. manufacturing activity rose in September for the first time in four months.

Eurozone unemployment stuck at record 11.4 pct Posted: 01 Oct 2012 08:45 AM PDT Unemployment across the 17 countries that use the euro remained at its record high rate of 11.4 percent in August renewing concerns that efforts to slash debts have sacrificed jobs.

Stocks jump following expansion in manufacturing Posted: 01 Oct 2012 08:41 AM PDT Stocks got a boost on Wall Street from positive economic news on Monday.

Amex paying $112M in late-fee settlements Posted: 01 Oct 2012 08:38 AM PDT American Express is paying $112 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees, and deceived customers to pressure them to pay off old debts or buy extra credit card services.

SNC Lavalin CEO sees growth potential despite scandal Posted: 01 Oct 2012 08:38 AM PDT TORONTO (Reuters) - SNC Lavalin Group has strong long-term growth potential despite the chilling effect of a misconduct scandal, its new CEO said on Monday, even as a fresh report surfaced about mysterious payments allegedly made by the Canadian engineering and construction company to win a contract. Chief Executive Robert Card, in his first day on the job, said he would need several weeks before he could set his strategy to restore SNC to firm footing after a far-reaching ethics scandal first rocked the company earlier this year. ...

Wall Street jumps as U.S. manufacturing expands Posted: 01 Oct 2012 08:37 AM PDT NEW YORK (Reuters) - U.S. stocks advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe. U.S. manufacturing expanded in September for the first time since May as new orders and employment picked up, an Institute for Supply Management report showed. Financial stocks led the market's advance with Goldman Sachs Group up 4 percent at $118.28 after the weekly Barron's said Goldman shares could rise at least 25 percent in the next year as capital markets improve. The ISM's index rose to 51. ...

US builders boost housing spending, cut elsewhere Posted: 01 Oct 2012 08:36 AM PDT U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Still, the increase couldn't offset cuts in public projects and commercial real estate.

Yahoo CEO Marissa Mayer has baby boy Posted: 01 Oct 2012 08:33 AM PDT Yahoo is confirming that CEO Marissa Mayer gave birth to a baby boy on Sunday night.

Syncrude to work on extending life of Alberta oil sands mine Posted: 01 Oct 2012 08:32 AM PDT (Reuters) - Syncrude Canada Ltd, a Canadian oil sands company that counts Suncor Energy Inc and Nexen Inc as partners, will start a project that may extend the life of its Mildred Lake mine in Alberta by about a decade. Construction and spending would start in the next 10 years, said Canadian Oil Sands Ltd , which has the largest stake in Syncrude and speaks about operational issues for the partnership. Syncrude is one of the two largest Canadian oil sands mining and synthetic crude processing operations, with a capacity of about 350,000 barrels a day. ...

Rooftop pool, wine bar: Hotels building in Africa Posted: 01 Oct 2012 08:28 AM PDT The rooftop pool at Nairobi's newest high-rise hotel juts out over the edge so swimmers can peer through the glass bottom eight stories down. A new champagne bar sits nearby. IPads with detailed wine descriptions serve as menus.

ICoast cocoa output seen down 7 pct in 2011-12 Posted: 01 Oct 2012 08:27 AM PDT ABIDJAN (Reuters) - Cocoa output from the world's top grower Ivory Coast fell by more than 7 percent to just over 1.4 million tonnes during the 2011-12 season that just ended, exporters estimated on Monday. The drop, attributed to drier, windier weather during the main crop, played into a small global cocoa deficit this year that has supported prices. Arrivals of cocoa to Ivory Coast's two ports - the best gauge of output - reached around 1,402,000 tonnes by September 31 since the season started in October, exporters estimated. ...

Merkel challenger blasts German-Swiss tax deal Posted: 01 Oct 2012 08:27 AM PDT Chancellor Angela Merkel's main challenger in next year's general election has pledged to oppose a German-Swiss deal on tax evasion.

Peanut butter recall includes major retailers Posted: 01 Oct 2012 08:26 AM PDT A New Mexico company has expanded its recall of peanut butter and almond butter to include cashew butters, tahini and blanched and roasted peanut products.

Shell, Exxon eye Mozambique gas potential Posted: 01 Oct 2012 08:25 AM PDT LONDON (Reuters) - Some of the world's biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique's huge gas fields, an executive from the country's national oil company said on Monday. Tavares Martinho, exploration director at Empresa Nacional de Hidrocarbonetos (ENH), told a conference in London there was strong interest in an offering of exploration areas, which he said was due to be announced by the end of the month. ...

A glance at unemployment rates around the eurozone Posted: 01 Oct 2012 08:23 AM PDT Official data show that unemployment for the 17 countries that use the euro remained at its record high of 11.4 percent in August.

EU official: Spain has not asked for bailout Posted: 01 Oct 2012 08:19 AM PDT Europe's commissioner for monetary affairs, Olli Rehn, said Monday that Spain had as not yet asked for a bailout package and added that he was confident the recession-strapped country would meet its stated deficit reduction goals.

You are subscribed to email updates from Business News Headlines - Yahoo! News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610