Wednesday, November 24, 2010

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street advances on jobless, consumer data (Reuters)

Posted: 24 Nov 2010 07:53 AM PST

Traders work on the floor of the New York Stock Exchange, November 23, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks climbed on Wednesday after data on the labor market and consumer spending signaled the economy was on an upswing.

Jobless claims at 2-year low, spending rises (Reuters)

Posted: 24 Nov 2010 08:17 AM PST

People fill out job application forms at a job fair in Los Angeles, California, October 13, 2010. REUTERS/Lucy NicholsonReuters - New U.S. claims for unemployment benefits last week dropped to their lowest level in more than two years while consumer spending rose in October, pointing to a moderate strengthening in economic activity.

U.S. charges expert network executive in hedge fund probe (Reuters)

Posted: 24 Nov 2010 09:07 AM PST

Reuters - An executive of an "expert networking firm" was arrested on Wednesday and accused of insider trading-related charges that are part of a broad investigation of hedge funds by U.S. prosecutors.

Irish government unveils 4-year austerity plan (Reuters)

Posted: 24 Nov 2010 07:58 AM PST

Reuters - Ireland's government unveiled a 15 billion euro ($20 billion) four-year austerity plan on Wednesday imposing deep spending cuts and tax increases to help pay for a bank crisis and meet the terms of an EU/IMF rescue.

Genzyme meets first consent decree deadline (Reuters)

Posted: 24 Nov 2010 08:16 AM PST

Reuters - Genzyme Corp has met the first in a series of deadlines imposed by U.S. regulators for fixing problems at its Boston plant, a milestone that could bolster the biotech company's argument that it is worth more than the $18.5 billion being offered by French drugmaker Sanofi-Aventis SA .

Mutual Funds Are Not Buy-and-Forget Investments (U.S. News & World Report)

Posted: 23 Nov 2010 08:19 AM PST

U.S. News & World Report - Many people believe that they can reach their investment goals by simply buying mutual funds. After all, investing in a group of funds that hold different kinds of stocks, bonds, and commodities is supposed to provide diversification, which can give some protection when the markets are down and better returns when prices rise. That's not necessarily true. All funds aren't created equal; some are better than others. Investors have to pay attention to all of the funds in their portfolio regularly, because even good funds can go bad.

Instant View: Jobless claims fall; consumer spending rises (Reuters)

Posted: 24 Nov 2010 05:50 AM PST

Reuters - New U.S. claims for unemployment benefits dipped more than expected last week, a government report showed on Wednesday, signaling continuing amelioration of the struggling labor market.

Deere posts 4Q profit as farm conditions improve (AP)

Posted: 24 Nov 2010 07:49 AM PST

In this photo taken Sept. 30, 2010, central Illinois farmers harvest soybeans in Pleasant Plains, Ill. Farm equipment maker Deere & Co. reversed a loss in last year's fiscal fourth quarter to report a $457.2 million profit Wednesday, Nov. 24, as conditions improved on U.S. farms.(AP Photo/Seth Perlman)AP - Deere & Co., the world's largest maker of agricultural equipment, posted a profit Wednesday for its fiscal fourth quarter in contrast to a loss a year ago, citing improved conditions on U.S. farms but weakness in construction equipment sales.

Portugal unions strike over austerity measures (Reuters)

Posted: 24 Nov 2010 08:29 AM PST

Reuters - Portuguese labor unions mounted a general strike on Wednesday, pressing the government to scrap austerity measures intended to ward off a debt crisis that is spreading through the euro zone.

Mortgage rates rise to 4.40 pct. as Treasurys rise (AP)

Posted: 24 Nov 2010 08:35 AM PST

AP - Rates on fixed mortgages edged up this week, inching further away from the lowest level in decades.

Irish unveil harshest cuts, tax hikes in history (AP)

Posted: 24 Nov 2010 08:15 AM PST

Cranes stand above the unfinished Anglo Irish Bank that was to be the their new headquarters in central Dublin, Ireland, Tuesday, Nov. 23, 2010. Lawmakers in Irish Prime Minister Brian Cowen's own party mounted a rebellion Tuesday to try to oust him, an effort that could trigger a snap election and delay a massive EU-IMF bailout of Ireland. At stake is the future course of the potentially Euro100 billion ($135 billion) European Union and International Monetary Fund rescue of Ireland, a nation heading toward bankruptcy. (AP Photo/Peter Morrison)AP - Ireland unveiled the harshest budget measures in its history Wednesday, a four-year plan to slash deficits euro15 billion ($20 billion) so it can get a massive bailout from the European Union and the International Monetary Fund.

Glance: A look at Black Friday hours and deals (AP)

Posted: 24 Nov 2010 08:17 AM PST

AP - Stores across the country are trying to lure holiday shoppers earlier, some on Thanksgiving morning. And they're planning plenty of deals over the next several days, especially Friday, one of the busiest shopping days of the year known as "Black Friday."

Mortgage applications increase for the week (AP)

Posted: 24 Nov 2010 07:25 AM PST

AP - Applications for mortgages to buy homes rose last week to the highest level since May, the Mortgage Bankers Association said Wednesday.

Gulf spill fund gets flood of last-minute claims (AP)

Posted: 24 Nov 2010 08:58 AM PST

A hard hat from an oil worker lies in oil from the Deepwater Horizon oil spill on East Grand Terre Island, Louisiana June 8, 2010. REUTERS/Lee CelanoAP - The administrator of a $20 billion fund set up to pay for damages from the Gulf oil spill says he received a flood of last-minute emergency claims before a key deadline ended.

Crocodile Dundee's Paul Hogan gets early Christmas present (Reuters)

Posted: 24 Nov 2010 04:16 AM PST

Reuters - Paul Hogan, star of the "Crocodile Dundee" movies, got an early Christmas present this week -- the Australian Tax Office abandoned its criminal investigation of him and his business manager for tax evasion.

GM recalls midsize pickups for child seat problem (AP)

Posted: 24 Nov 2010 08:36 AM PST

FILE - In this April 27, 2007 file photo, 2007 Chevrolet Colorado pickup trucks sit on the lot of a dealership in Denver. General Motors and Isuzu are recalling more than 192,000 midsize pickups to fix a problem with child safety seat anchors. (AP Photo/David Zalubowski, file)AP - More than 192,000 General Motors and Isuzu midsize pickup trucks are being recalled because of a problem with the system that anchors child safety seats, the National Highway Traffic Safety Administration said Wednesday.
Posted by Harshad at 9:27 AM

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