Yahoo! News: Health News

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• Retail sales down 4.1 percent last week: report (Reuters)
• Wall Street gains on investor optimism (Reuters)
• China's rare earths export cut raises trade concerns (Reuters)
• Home foreclosures jump in 3rd quarter: regulators (Reuters)
• Microsoft co-founder relaunches tech patent suit (Reuters)
• Oil prices advance on expected drop in US stocks (AFP)
• Consumer confidence unexpectedly falls in Dec. (Reuters)
• Hungary's tough new laws worry other EU countries (AP)
• Allstate sues BofA and Mozilo over Countrywide losses (Reuters)
• Nakheel wins more trade creditor debt support (AP)
• Dec. 26 storms delay $1B in retail spending (AP)
• Garrett: U.S. support for housing market to be withdrawn slowly (Reuters)
• BP's spill costs look manageable 8 months later (AP)
• 2011 Tax Outlook for Seniors (U.S. News & World Report)
• Australian rare earths miner leaps on China cuts (AFP)

Retail sales down 4.1 percent last week: report (Reuters) Posted: 29 Dec 2010 08:23 AM PST Reuters - Retail sales fell 4.1 percent in the week ending on Christmas Day, according to research firm ShopperTrak, largely because December 26 fell on a Sunday this year and was not included in Christmas week sales.

Wall Street gains on investor optimism (Reuters) Posted: 29 Dec 2010 07:28 AM PST Reuters - U.S. stocks advanced on Wednesday as investors remained bullish about the prospects for equities in 2011, keeping a December rally intact.

China's rare earths export cut raises trade concerns (Reuters) Posted: 29 Dec 2010 04:57 AM PST Reuters - China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the United States at the World Trade Organization.

Home foreclosures jump in 3rd quarter: regulators (Reuters) Posted: 29 Dec 2010 08:11 AM PST Reuters - U.S. home foreclosures jumped in the third quarter and banks' efforts to keep borrowers in their homes dropped as the housing market continues to struggle, U.S. bank regulators said on Wednesday.

Microsoft co-founder relaunches tech patent suit (Reuters) Posted: 29 Dec 2010 08:44 AM PST Reuters - Microsoft Corp co-founder Paul Allen relaunched a wide-ranging patent lawsuit against Apple Inc, Google Inc, Facebook and others with specific allegations that the companies are illegally using technology owned by his company.

Oil prices advance on expected drop in US stocks (AFP) Posted: 28 Dec 2010 05:36 AM PST AFP - Oil prices moved higher on Tuesday on expectations of a fall in US stocks at a time of cold weather in heavy energy consuming regions of the United States and Europe.

Consumer confidence unexpectedly falls in Dec. (Reuters) Posted: 28 Dec 2010 07:40 AM PST Reuters - Consumer confidence unexpectedly deteriorated in December, hurt by increasing worries about the jobs market, according to a private report released on Tuesday.

Hungary's tough new laws worry other EU countries (AP) Posted: 29 Dec 2010 08:43 AM PST AP - For decades Hungary was one of Eastern Europe's most democratic nations, leading former Soviet countries in adopting the political and economic norms of the free world.

Allstate sues BofA and Mozilo over Countrywide losses (Reuters) Posted: 29 Dec 2010 05:21 AM PST Reuters - Allstate Corp has sued Bank of America Corp, its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide.

Nakheel wins more trade creditor debt support (AP) Posted: 29 Dec 2010 06:34 AM PST AP - The struggling real estate developer behind Dubai's manmade islands said Wednesday it has support from more than 90 percent of its nonbank creditors for its debt restructuring plan.

Dec. 26 storms delay $1B in retail spending (AP) Posted: 29 Dec 2010 08:57 AM PST AP - The blizzard that swept through the Northeast on Sunday and Monday delayed $1 billion in retail spending, according to research firm ShopperTrak, but won't derail a holiday shopping season expected to be the best since 2007.

Garrett: U.S. support for housing market to be withdrawn slowly (Reuters) Posted: 28 Dec 2010 09:30 PM PST Reuters - Government support for the housing market should be cautiously withdrawn and not be rushed, Scott Garrett, the incoming chairman of the U.S. House Financial Services subcommittee, told the Wall Street Journal.

BP's spill costs look manageable 8 months later (AP) Posted: 29 Dec 2010 09:04 AM PST AP - As the Gulf oil spill gushed out of control, BP's financial liabilities seemed big enough to sink the company. No more.

2011 Tax Outlook for Seniors (U.S. News & World Report) Posted: 29 Dec 2010 07:51 AM PST U.S. News & World Report - Most seniors will get no special breaks from the recently enacted tax package. Still, tax experts note that the extension of current tax rates will create a stable planning environment. They advise seniors to take advantage of the next two years to build a plan that will help them reduce taxes as they liquidate investments to meet retirement expenses. In particular, lower-income seniors will enjoy zero tax rates on qualifying capital gains and stock dividends.

Australian rare earths miner leaps on China cuts (AFP) Posted: 28 Dec 2010 09:04 PM PST AFP - Australian rare earths miner Lynas on Wednesday said China had slashed its exports quota for the lucrative metals used in flat screens and hybrid cars, driving a 12 percent jump in its share price.

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