Tuesday, October 2, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Wall Street falls on worries about Spain, profits

Posted: 02 Oct 2012 09:03 AM PDT

Traders gather for the IPO of Tumi Holdings Inc. on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks fell on Tuesday after opening higher as uncertainty surrounded Spain's financial bailout and investors worried about disappointing third-quarter U.S. earnings. The Dow was pressured by stocks closely tied to the pace of growth, including Caterpillar Inc and Boeing Co . A major headwind for the global economy has been falling demand from Europe, which has been drifting toward recession. Spain was said to be ready to ask the euro zone for help, but Germany has signaled that Madrid should hold off on making its request, according to European officials on Monday. ...


Ford says U.S. industry auto sales up 12 percent from year before

Posted: 02 Oct 2012 07:46 AM PDT

Ford cars are reflected in the company's logo at the carmakers' booth on media day at the Paris Mondial de l'AutomobileDETROIT (Reuters) - Ford Motor Co said Tuesday it expects U.S. September auto sales to show a gain of 12 percent from a year ago. Ford said it expects an annualized seasonally adjusted sales rate of 15 million vehicles, including medium and heavy trucks, which would suggest a light vehicle annualized rate of about 14.7 million vehicles. Ford's September sales were flat compared with a year before. Ford and other major automakers are reporting September sales on Tuesday. (Reporting By Bernie Woodall; Editing by Gerald E. McCormick)


GM, Chrysler post sales gains in September; Ford flat

Posted: 02 Oct 2012 08:09 AM PDT

A Chrysler badge is pictured on a new car at a dealership in Vienna, Virginia(Reuters) - General Motors Co, the largest U.S. automaker, reported a 1.5 percent increase in September auto sales on the strength of its passenger car sales, while Ford Motor Co posted sales that were on par with its results from a year earlier. Chrysler Group LLC, the smallest U.S. automaker, showed a 12 percent jump in sales to 142,041, marking its best September since 2007. GM reported its strongest September since 2008, selling 210,245 cars and trucks for the month. Ford sold 174,976 cars and trucks in September, compared with 175,199 in September 2011. The No. 2 U.S. ...


T-Mobile USA, MetroPCS in talks over deal: sources

Posted: 02 Oct 2012 08:54 AM PDT

T-Mobile logo is ready to be placed on a former Era Mobile outlet in WarsawFRANKFURT/NEW YORK (Reuters) - Deutsche Telekom is in advanced talks to combine its T-Mobile USA unit with MetroPCS, three sources familiar with the situation said on Tuesday, as the German telecoms group seeks to stem a decline in customers at its U.S. business. "A deal is close," one source said, while another person said an announcement could follow later on Tuesday. A third person said a press conference was prepared for Wednesday. Deutsche Telekom declined to comment, while MetroPCS was not immediately available for comment. MetroPCS shares traded 21 percent higher at 1526 GMT. ...


U.S. finds no wrongdoing in Yasmin patent settlement

Posted: 02 Oct 2012 09:07 AM PDT

WASHINGTON (Reuters) - U.S. antitrust regulators found no wrongdoing in a deal made four years ago between German drugmaker Bayer AG and a division of Teva Pharmaceuticals to end patent litigation over the popular Yasmin birth control pill. The Federal Trade Commission, in letters dated September 26 but posted on the agency's website this week, said it had reviewed the matter and said, "No further action is warranted by the commission at this time. Accordingly, the investigation has been closed. ...

France, Germany clash over EADS-BAE headquarters: sources

Posted: 02 Oct 2012 07:09 AM PDT

Visitor look at aircraft models at EADS booth ILA Berlin Air Show in SelchowBERLIN/LONDON (Reuters) - France and Germany have collided over the location of the headquarters for a new aerospace giant to be formed from a planned merger of Europe's EADS and Britain's BAE Systems , sources familiar with the matter said on Tuesday. France wants the group's headquarters to be based in Toulouse, its southwestern aerospace capital where the Airbus planemaking subsidiary of EADS is based, but Germany is pressing for the group to be headquartered outside Munich, they said. ...


South Africa's Amplats says Rustenburg security worsens

Posted: 02 Oct 2012 09:09 AM PDT

JOHANNESBURG (Reuters) - Anglo American Platinum on Tuesday asked workers to stay away from its Rustenburg mining operations in South Africa after the security situation in the area had worsened. Only 20 percent of its Rustenburg employees have been reporting for work in recent days after thousands joined illegal wildcat strikes which have held the mining industry at ransom. Amplats said in a statement it intended to resume operations in Rustenburg on Wednesday. It also said that workers at its Union Mine in the northern Limpopo province have refused to go underground. ...

CFTC's Gensler to push on with position limits

Posted: 02 Oct 2012 09:18 AM PDT

LONDON (Reuters) - Gary Gensler, chairman of U.S. regulator the Commodity Futures Trading Commission (CFTC), vowed to push ahead with a new rule to curb speculation in commodity markets after a court threw out the CFTC's plans last week. Gensler, who was travelling in Europe, told Reuters in an interview that the U.S. Congress had issued a clear mandate to the CFTC to introduce limits on the positions commodity traders can hold. On Friday U.S. ...

Greece pushes for austerity deal as time runs short

Posted: 02 Oct 2012 07:36 AM PDT

Protester smokes cigarette as he waits for troika inspectors to arrive for a meeting at the Labour ministry in AthensATHENS (Reuters) - Greece held a new round of talks with foreign lenders to bridge differences over 2 billion euros of disputed austerity cuts on Tuesday, with time running short to clinch a deal before a key meeting of euro zone ministers next week. Athens has been haggling for weeks over 12 billion euros of cutbacks that its European Union and International Monetary Fund lenders have refused to sign off on over fears that some of the proposed savings are unlikely to materialize. ...


Exclusive: Spain ready for bailout, Germany signals "wait" - sources

Posted: 02 Oct 2012 07:23 AM PDT

Spanish PM Rajoy poses for photographers at start of his meeting with E.U Economic and Monetary Affairs Commissioner Rehn at Madrid's Moncloa PalaceMADRID (Reuters) - Spain is ready to request a euro zone bailout for its public finances as early as next weekend but Germany has signaled that it should hold off, European officials said on Monday. The latest twist in the euro zone's three-year-old sovereign debt crisis comes as financial markets and some other European partners are pressuring Madrid to seek a rescue program that would trigger European Central Bank buying of its bonds. "The Spanish were a bit hesitant but now they are ready to request aid," a senior European source said. ...


US auto sales rise again in September

Posted: 02 Oct 2012 09:14 AM PDT

FILE-In this Sept. 10, 2012, file photo, Mark Fields, Ford president of the Americas, poses for a photo next to a 2013 Fusion at the Flat Rock Assembly in Flat Rock, Mich. Interest rates are low, trade-in values are high, and automakers are rolling out attractive new cars and trucks in key areas. All of these factors combined to keep auto sales strong in September. Automakers report U.S. sales figures throughout the day on Tuesday, Oct. 2, 2012. (AP Photo/Carlos Osorio, File)Americans found plenty of reasons to drive home new cars in September, and that demand made auto sales one of the economy's bright spots for yet another month.


Stocks sink on mixed economic signals

Posted: 02 Oct 2012 09:06 AM PDT

FILE - In this Thursday, Sept. 13, 2012 file photo, a pair of traders work in their booth on the floor of the New York Stock Exchange. Hopes that the U.S. is back in recovery mode has helped stocks start the new month on a relative high. (AP Photo/Richard Drew, File)A batch of mixed economic signals tugged major stock indexes lower on Tuesday.


Feds throw support behind lawsuit against JPMorgan

Posted: 02 Oct 2012 09:06 AM PDT

The federal government is throwing its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities.

3rd American Airlines flight had seats come loose

Posted: 02 Oct 2012 08:45 AM PDT

American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating.

TV show claims UK TV host Savile abused children

Posted: 02 Oct 2012 09:17 AM PDT

FILE In this Sunday Sept. 18, 2005 file photo British singer Vera Lynn and Jimmy Saville, right are seen at the unveiling of a contemporary sculpture at Victoria Embankment in central London to mark the 65th anniversary of the Battle of Britain. For decades, Jimmy Savile was a fixture on British television — an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. A year after he died, aged 84 and honored as Sir Jimmy, several women have come forward to claim he was also a sexual predator and serial abuser of underage girls. The allegations have set off ripples of shock — but not of surprise. There had, colleagues said, long been rumors. The main question being asked now is: Why did no one do anything? (AP Photo/Matthew Fearn, Pool, File)For decades, Jimmy Savile was a fixture on British television — an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. When he died last year at 84 — by then knighted as Sir Jimmy — he drew tributes from Prince Charles and thousands of fans.


Holiday sales seen rising 4.1 percent in 2012

Posted: 02 Oct 2012 07:07 AM PDT

Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop 'til they drop like they have been in the past two years.

Myanmar gets its first investment bank

Posted: 02 Oct 2012 08:18 AM PDT

In this Sept.15, 2012 photo, Alisher Ali, founder of Mandalay Capital, Myanmar's first-ever investment bank, talks during an interview with The Associated Press in Yangon, Myanmar. Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling tree-lined Yangon and opened Mandalay Capital with $1 million of his own money. (AP Photo/Khin Maung Win)Alisher Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling, tree-lined Yangon and opened Myanmar's first-ever investment bank with $1 million of his own money.


Measure of US home prices rises by most in 6 years

Posted: 02 Oct 2012 07:22 AM PDT

This Tuesday, Aug. 21, 2012, photo, shows an exterior view of a home sold in Palo Alto, Calif. A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years. CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain. (AP Photo/Paul Sakuma)A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.


Smoked salmon blamed for salmonella outbreak

Posted: 02 Oct 2012 09:17 AM PDT

Smoked salmon tainted with salmonella bacteria has sickened hundreds of people in the Netherlands and the United States, sparking a major recall, health authorities said Tuesday.

Vanguard switches to lower-cost fund benchmarks

Posted: 02 Oct 2012 09:08 AM PDT

Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.

TV show claims UK TV host Savile abused children

Posted: 02 Oct 2012 09:17 AM PDT

FILE In this Sunday Sept. 18, 2005 file photo British singer Vera Lynn and Jimmy Saville, right are seen at the unveiling of a contemporary sculpture at Victoria Embankment in central London to mark the 65th anniversary of the Battle of Britain. For decades, Jimmy Savile was a fixture on British television — an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. A year after he died, aged 84 and honored as Sir Jimmy, several women have come forward to claim he was also a sexual predator and serial abuser of underage girls. The allegations have set off ripples of shock — but not of surprise. There had, colleagues said, long been rumors. The main question being asked now is: Why did no one do anything? (AP Photo/Matthew Fearn, Pool, File)For decades, Jimmy Savile was a fixture on British television — an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. When he died last year at 84 — by then knighted as Sir Jimmy — he drew tributes from Prince Charles and thousands of fans.


US auto sales rise again in September

Posted: 02 Oct 2012 09:14 AM PDT

FILE-In this Sept. 10, 2012, file photo, Mark Fields, Ford president of the Americas, poses for a photo next to a 2013 Fusion at the Flat Rock Assembly in Flat Rock, Mich. Interest rates are low, trade-in values are high, and automakers are rolling out attractive new cars and trucks in key areas. All of these factors combined to keep auto sales strong in September. Automakers report U.S. sales figures throughout the day on Tuesday, Oct. 2, 2012. (AP Photo/Carlos Osorio, File)Americans found plenty of reasons to drive home new cars in September, and that demand made auto sales one of the economy's bright spots for yet another month.


CFTC's Gensler to push on with position limits

Posted: 02 Oct 2012 09:18 AM PDT

LONDON (Reuters) - Gary Gensler, chairman of U.S. regulator the Commodity Futures Trading Commission (CFTC), vowed to push ahead with a new rule to curb speculation in commodity markets after a court threw out the CFTC's plans last week. Gensler, who was travelling in Europe, told Reuters in an interview that the U.S. Congress had issued a clear mandate to the CFTC to introduce limits on the positions commodity traders can hold. On Friday U.S. ...

From words to deeds: Why election matters

Posted: 02 Oct 2012 09:13 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.


South Africa's Amplats says Rustenburg security worsens

Posted: 02 Oct 2012 09:09 AM PDT

JOHANNESBURG (Reuters) - Anglo American Platinum on Tuesday asked workers to stay away from its Rustenburg mining operations in South Africa after the security situation in the area had worsened. Only 20 percent of its Rustenburg employees have been reporting for work in recent days after thousands joined illegal wildcat strikes which have held the mining industry at ransom. Amplats said in a statement it intended to resume operations in Rustenburg on Wednesday. It also said that workers at its Union Mine in the northern Limpopo province have refused to go underground. ...

Vanguard switches to lower-cost fund benchmarks

Posted: 02 Oct 2012 09:08 AM PDT

Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.

U.S. finds no wrongdoing in Yasmin patent settlement

Posted: 02 Oct 2012 09:07 AM PDT

WASHINGTON (Reuters) - U.S. antitrust regulators found no wrongdoing in a deal made four years ago between German drugmaker Bayer AG and a division of Teva Pharmaceuticals to end patent litigation over the popular Yasmin birth control pill. The Federal Trade Commission, in letters dated September 26 but posted on the agency's website this week, said it had reviewed the matter and said, "No further action is warranted by the commission at this time. Accordingly, the investigation has been closed. ...

Stocks sink on mixed economic signals

Posted: 02 Oct 2012 09:06 AM PDT

FILE - In this Thursday, Sept. 13, 2012 file photo, a pair of traders work in their booth on the floor of the New York Stock Exchange. Hopes that the U.S. is back in recovery mode has helped stocks start the new month on a relative high. (AP Photo/Richard Drew, File)A batch of mixed economic signals tugged major stock indexes lower on Tuesday.


Feds throw support behind lawsuit against JPMorgan

Posted: 02 Oct 2012 09:06 AM PDT

The federal government is throwing its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities.

Don't rubber-stamp CNOOC-Nexen deal, Canada opposition urges

Posted: 02 Oct 2012 09:06 AM PDT

A woman walks past the entrance of the headquarters of China National Offshore Oil Corp in BeijingOTTAWA (Reuters) - Canada's main opposition party urged the Conservative government on Tuesday not to rubber-stamp a bid by China's CNOOC Ltd to buy oil company Nexen Inc without public consultations, saying opinion had hardened against the deal. Peter Julian, the energy critic for the left-leaning New Democratic Party (NDP), said the party had not yet formally decided whether to oppose the $15.1 billion takeover bid even though its leader, Thomas Mulcair, said last month he had "grave concerns" about it. ...


Wall Street falls on worries about Spain, profits

Posted: 02 Oct 2012 09:03 AM PDT

Traders gather for the IPO of Tumi Holdings Inc. on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks fell on Tuesday after opening higher as uncertainty surrounded Spain's financial bailout and investors worried about disappointing third-quarter U.S. earnings. The Dow was pressured by stocks closely tied to the pace of growth, including Caterpillar Inc and Boeing Co . A major headwind for the global economy has been falling demand from Europe, which has been drifting toward recession. Spain was said to be ready to ask the euro zone for help, but Germany has signaled that Madrid should hold off on making its request, according to European officials on Monday. ...


S.African stocks end flat as miners lose ground

Posted: 02 Oct 2012 08:57 AM PDT

Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in SandtonJOHANNESBURG (Reuters) - South African stocks ended flat on Tuesday, as sharp losses in strike-hit mining companies such as Anglo American Platinum offset big gains by Mr Price and other retailers. Retailers, among the top performer on the benchmark index so far this year, gained between 2-3 percent, powered by optimism about African expansion and as investors bet interest rates are likely to stay low, bolstering consumer spending. ...


Stocks give up early gains on Wall Street

Posted: 02 Oct 2012 08:56 AM PDT

Stocks are giving up an early advance and turning lower in midday trading on Wall Street.

U.S. groups fear Mexican trade war over Obama tomato move

Posted: 02 Oct 2012 08:56 AM PDT

WASHINGTON (Reuters) - U.S. business groups said on Tuesday they were worried about a damaging trade war with Mexico if President Barack Obama's administration follows through on a preliminary decision to terminate a 16-year-old tomato trade agreement. "We think the U.S.-Mexico economic relationship is tremendously important," Patrick Kilbride of the U.S. Chamber of Commerce told reporters on a conference call. "We don't want to see another trade war ignited. ...

Al-Futtaim, Emaar plan $820 mln Egypt investment

Posted: 02 Oct 2012 08:55 AM PDT

DUBAI (Reuters) - Al-Futtaim Group and Emaar Properties, two real estate developers from the United Arab Emirates, plan a 5 billion Egyptian pound tie-up to build a retail and entertainment complex outside Cairo, Al-Futtaim said on Tuesday. The companies said they reached a preliminary decision to develop the "Cairo Gate" complex on 160 acres of land off the Cairo-Alexandria desert highway, a statement said. A shopping mall would be the centrepiece of the development, complemented by an office park, luxury hotel, schools, medical facilities and residential space. ...

T-Mobile USA, MetroPCS in talks over deal: sources

Posted: 02 Oct 2012 08:54 AM PDT

T-Mobile logo is ready to be placed on a former Era Mobile outlet in WarsawFRANKFURT/NEW YORK (Reuters) - Deutsche Telekom is in advanced talks to combine its T-Mobile USA unit with MetroPCS, three sources familiar with the situation said on Tuesday, as the German telecoms group seeks to stem a decline in customers at its U.S. business. "A deal is close," one source said, while another person said an announcement could follow later on Tuesday. A third person said a press conference was prepared for Wednesday. Deutsche Telekom declined to comment, while MetroPCS was not immediately available for comment. MetroPCS shares traded 21 percent higher at 1526 GMT. ...


Oil slightly lower on economic questions

Posted: 02 Oct 2012 08:51 AM PDT

The price of oil is slightly lower as investors weigh positive U.S. economic news against ongoing concerns about Europe.

Spain's registered jobless ticks up in September

Posted: 02 Oct 2012 08:48 AM PDT

The number of people registered as unemployed in Spain rose by a little under 80,000 people to 4.71 million in September as the summer tourism season came to an end and businesses let workers go, the Labor Ministry said Tuesday.

Gold Fields, NUM resolve 2010 South Deep dispute

Posted: 02 Oct 2012 08:47 AM PDT

JOHANNESBURG (Reuters) - South African gold miner Gold Fields has resolved a two year-old dispute with union leaders over the future its South Deep mine, it said on Tuesday. Gold Fields said the agreement, which will secure existing jobs and create a further 400 new ones, would cost the nation's second-largest bullion miner 170 million rand in upstart costs.

3rd American Airlines flight had seats come loose

Posted: 02 Oct 2012 08:45 AM PDT

American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating.

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