Yahoo! News: Health News

---

• Wall Street bounces back, led by energy and materials (Reuters)
• BP blames contractors for oil spill (Reuters)
• Economists further scale back U.S. growth outlook (Reuters)
• Obama pitches road spending and tax incentives (Reuters)
• Goldman's NY prop traders in talks with KKR, Perella, BlackRock (Reuters)
• Small investors quitting Wall Street: SEC boss (AFP)
• Japan machinery orders up 8.8 percent in July (AP)
• Smithfield posts 1Q profit on higher pork prices (AP)
• Ireland to split Anglo Irish into good, bad banks (AP)
• What Great Chess Players Can Teach Investors (The Motley Fool)
• EU suspends WTO dumping sanction bid against US (AFP)
• Tight inventories hurt Talbots sales (Reuters)
• Summary Box: Mortgage lending falls 1.5 pct (AP)
• BP report blames itself, others for oil spill (AP)
• How to Play It Safe With Muni Bonds (U.S. News & World Report)

Wall Street bounces back, led by energy and materials (Reuters) Posted: 08 Sep 2010 08:04 AM PDT Reuters - Wall Street rose on Wednesday, bouncing off the previous day's losses as a weaker U.S. dollar lifted energy and materials stocks.

BP blames contractors for oil spill (Reuters) Posted: 08 Sep 2010 08:09 AM PDT Reuters - BP attempted to place much of the blame for the rig blast that led to the United States' worst-ever oil spill on its contractors, Transocean and Halliburton.

Economists further scale back U.S. growth outlook (Reuters) Posted: 08 Sep 2010 07:41 AM PDT Reuters - Stubbornly high unemployment and signs of persistent weakness in the housing market have prompted economists to further cut their outlook for U.S. growth in the second half of the year, a Reuters poll showed on Wednesday.

Obama pitches road spending and tax incentives (Reuters) Posted: 08 Sep 2010 08:49 AM PDT Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.

Goldman's NY prop traders in talks with KKR, Perella, BlackRock (Reuters) Posted: 08 Sep 2010 08:48 AM PDT Reuters - Individuals within Goldman Sachs Group Inc's New York Principal Strategies group are in talks with several groups, including KKR, Perella Weinberg, and BlackRock, to possibly join one of them, a source familiar with the matter said.

Small investors quitting Wall Street: SEC boss (AFP) Posted: 07 Sep 2010 10:06 AM PDT AFP - The head of the US stock market watchdog said on Tuesday that individual investors have been turning away from equities since a May crash that exposed weaknesses in Wall Street's trading structure.

Japan machinery orders up 8.8 percent in July (AP) Posted: 07 Sep 2010 11:58 PM PDT AP - Japan's machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery.

Smithfield posts 1Q profit on higher pork prices (AP) Posted: 08 Sep 2010 07:50 AM PDT AP - Smithfield Foods Inc. said Wednesday higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter.

Ireland to split Anglo Irish into good, bad banks (AP) Posted: 08 Sep 2010 09:05 AM PDT AP - Ireland plans to split its most troubled financial institution, Anglo Irish Bank, in two as part of wider efforts to reassure international lenders that the Irish are dealing with their debt crisis.

What Great Chess Players Can Teach Investors (The Motley Fool) Posted: 08 Sep 2010 07:49 AM PDT The Motley Fool - The constant iterative calculation of risk and reward required in every chess move translates well to the investing world. I thought it might be instructive to look at three chess world champions and see how their style matches up to various investment styles. Do you see your own style in any of these Grandmasters?

EU suspends WTO dumping sanction bid against US (AFP) Posted: 08 Sep 2010 07:59 AM PDT AFP - The European Union said Wednesday it had suspended a request at the World Trade Organization for the right to impose sanctions on Washington over a controversial US anti-dumping calculation.

Tight inventories hurt Talbots sales (Reuters) Posted: 08 Sep 2010 06:29 AM PDT Reuters - Women's clothing retailer Talbots Inc posted lower-than-expected quarterly sales and its shares fell 11.6 percent as efforts to keep inventory lean and preserve margins left it short of items to sell.

Summary Box: Mortgage lending falls 1.5 pct (AP) Posted: 08 Sep 2010 07:45 AM PDT AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

BP report blames itself, others for oil spill (AP) Posted: 08 Sep 2010 08:12 AM PDT AP - In an internal report released Wednesday, BP blames itself, other companies' workers and a complex series of failures for the massive Gulf of Mexico oil spill and the drilling rig explosion that preceded it.

How to Play It Safe With Muni Bonds (U.S. News & World Report) Posted: 08 Sep 2010 06:32 AM PDT U.S. News & World Report - Defaults in the municipal bond market can happen, as some investors recently discovered. Municipal bonds, which are generally some of the safest investments, are issued by states, municipalities, or counties, and are usually exempt from federal, state, and local taxes. Muni defaults--such as those on bonds issued this year in Jefferson County, Ala., and Harrisburg, Pa.--are not common, but in an era of budget cuts and lower revenues, it's important for investors to be aware of the risks. Here are a few general rules for muni investors to follow:

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