Yahoo! News: Health News

---

• Wall Street Week Ahead: Cliff may be a fear, but debt ceiling much scarier
• French court rejects 75 percent millionaires' tax
• Deutsche Bank co-CEO sees more Europe bank consolidation: paper
• Daimler CEO wants Mercedes to regain top spot by 2020: paper
• Brazil proposes looser fiscal rules to spur growth
• Argentina asks U.S. court to block payouts for debt holdouts
• Qatar Airways files $600 million claim over new airport
• Wall Street ends sour week with fifth straight decline
• Netflix CEO gets pay bump after 2012 cut
• All eyes on them, Senate leaders seek fiscal deal
• Obama says immediate action needed on fiscal cliff
• 4 dead in Moscow airliner crash
• French panel overturns 75 percent tax on ultrarich
• Stocks tumble as 'fiscal cliff' deadline nears
• Toyota acceleration settlement gets preliminary OK
• Fearful of ban, frenzied buyers swarm gun stores
• Trains carrying more oil across US amid boom

Wall Street Week Ahead: Cliff may be a fear, but debt ceiling much scarier Posted: 29 Dec 2012 08:25 AM PST (Reuters) - Investors fearing a stock market plunge - if the United States tumbles off the "fiscal cliff" next week - may want to relax. But they should be scared if a few weeks later, Washington fails to reach a deal to increase the nation's debt ceiling because that raises the threat of a default, another credit downgrade and a panic in the financial markets. ...

French court rejects 75 percent millionaires' tax Posted: 29 Dec 2012 08:25 AM PST PARIS (Reuters) - France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit. The Council ruled that the planned 75 percent tax on annual income above 1 million euros ($1.32 million) - a flagship measure of Hollande's election campaign - was unfair in the way it would be applied to different households. ...

Deutsche Bank co-CEO sees more Europe bank consolidation: paper Posted: 29 Dec 2012 08:25 AM PST FRANKFURT (Reuters) - Consolidation of European banks is not yet at an end, and Germany's sector with its many small banks will have to change, the co-chief executive of Deutsche Bank told a German newspaper. "We need pan-European banks. Or else growth countries like China, India, Brazil or Russia will leave us behind," Juergen Fitschen said in an interview published in Boersen-Zeitung on Saturday. He said consolidation would be unavoidable in Germany. ...

Daimler CEO wants Mercedes to regain top spot by 2020: paper Posted: 29 Dec 2012 08:26 AM PST FRANKFURT (Reuters) - Daimler Chief Executive Dieter Zetsche hopes to return the automaker to the top spot in the premium car market ahead of Audi and BMW by 2020, he said in an interview with a German paper. "I am confident that we will be ahead of our rivals by 2020 at the latest," he told Boersen-Zeitung in an interview published on Saturday. He said he hoped to reach that target during his time in office. Zetsche's contract currently runs until December 2013 but is expected to be extended by three years in February. Daimler has already promised 2 billion euros ($2. ...

Brazil proposes looser fiscal rules to spur growth Posted: 29 Dec 2012 08:26 AM PST SAO PAULO (Reuters) - Brazil's government has proposed changes to a fiscal responsibility law that set the foundation for a decade of economic prosperity in Latin America's largest economy, two local newspapers said on Saturday. The changes would make it easier for the government to cut Brazil's high tax burden and enact other stimulus measures after two years of slow economic growth, but they could also rattle investors who fear President Dilma Rousseff has been too quick to modify bedrock economic principles. ...

Argentina asks U.S. court to block payouts for debt holdouts Posted: 29 Dec 2012 08:27 AM PST NEW YORK (Reuters) - Argentina is urging a U.S. appeals court to reverse an order requiring the country to pay $1.33 billion to creditors who did not participate in its two debt restructurings, a legal case that could have huge ramifications for global debt markets. Lawyers for Argentina's government said in court papers filed late on Friday that a trial judge was "wrong to ignore the chorus of voices" who opposed his November order on payments to so-called "holdout" creditors. ...

Qatar Airways files $600 million claim over new airport Posted: 29 Dec 2012 08:24 AM PST DUBAI (Reuters) - Qatar Airways said it was filing a $600 million legal claim against a contractor for a delay in opening a new international airport in Doha. Lindner Depa Interiors, a German-Dubai joint venture , holds a $250 million contract to build 19 airport lounges by the middle of 2012, Qatar Airways said in a statement on Saturday. In a statement later in the day, LDI said it had not received a legal claim from Qatar Airways and described the carrier's allegations as "false and misleading". ...

Wall Street ends sour week with fifth straight decline Posted: 28 Dec 2012 07:14 PM PST NEW YORK (Reuters) - Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight. President Barack Obama and top congressional leaders met at the White House to work on a solution for the draconian debt-reduction measures set to take effect beginning next week. ...

Netflix CEO gets pay bump after 2012 cut Posted: 28 Dec 2012 05:23 PM PST LOS ANGELES (AP) — Netflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year.

All eyes on them, Senate leaders seek fiscal deal Posted: 29 Dec 2012 03:21 AM PST Senate leaders rushed to assemble a last-ditch agreement to avoid middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of postelection gridlock.

Obama says immediate action needed on fiscal cliff Posted: 28 Dec 2012 03:07 PM PST WASHINGTON (AP) — President Barack Obama says "the hour for immediate action is here" on a deal to avert the fiscal cliff.

4 dead in Moscow airliner crash Posted: 29 Dec 2012 08:43 AM PST MOSCOW (AP) — A passenger airliner careered off the runway at Russia's third-busiest airport and partly onto a highway while landing on Saturday, broke into pieces and caught fire, killing at least four people.

French panel overturns 75 percent tax on ultrarich Posted: 29 Dec 2012 04:09 AM PST PARIS (AP) — Embattled French President Francois Hollande suffered a fresh setback Saturday when France's highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair.

Stocks tumble as 'fiscal cliff' deadline nears Posted: 28 Dec 2012 01:36 PM PST NEW YORK (AP) — Stocks fell for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a self-imposed year-end deadline.

Toyota acceleration settlement gets preliminary OK Posted: 28 Dec 2012 03:41 PM PST LOS ANGELES (AP) — A U.S. judge gave preliminary approval Friday to a $1 billion-plus settlement with Toyota Motor Corp. in cases involving problems of sudden, unintended acceleration by its vehicles, a plaintiffs' attorney said.

Fearful of ban, frenzied buyers swarm gun stores Posted: 28 Dec 2012 05:58 PM PST NEW YORK (AP) — The phones at Red's Trading Post wouldn't stop ringing. Would-be customers from as far away as New York wanted to know if the Twin Falls, Idaho gun shop had firearms in stock. Others clamored to find out if their orders had been shipped.

Trains carrying more oil across US amid boom Posted: 28 Dec 2012 10:30 AM PST BILLINGS, Mont. (AP) — Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse — the locomotive — to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can't keep up with demand.

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