Friday, February 25, 2011

Yahoo! News: Health News

Yahoo! News: Health News


Wall Street rebounds from sell-off as oil eases (Reuters)

Posted: 25 Feb 2011 07:43 AM PST

Traders work on the floor of the New York Stock Exchange, February 22, 2011. REUTERS/Brendan McDermidReuters - Wall Street rebounded on Friday after a week-long sell-off as oil prices stabilized from recent highs.


Fourth-quarter growth revised down unexpectedly (Reuters)

Posted: 25 Feb 2011 07:48 AM PST

A woman carries shopping bags along a sidewalk in New York City, December 6, 2010. REUTERS/Mike SegarReuters - The economy grew more slowly in the fourth quarter than initially estimated as government spending shrank more sharply and consumer spending was less robust, a government report showed on Friday.


Boeing shares gain following surprise tanker win (Reuters)

Posted: 25 Feb 2011 08:43 AM PST

The Boeing 767-based NewGen Tanker is pictured simultaneously refueling two F/A-18 Super Hornet aircraft from the wing air refueling pods in this undated photo illustration, obtained on February 24, 2011. REUTERS/Boeing/HandoutReuters - Shares of Boeing Co gained 4 percent in premarket trade on Friday after the company won a $30 billion contract for 179 new U.S. Air Force refueling planes a day earlier.


Global IPOs have best start to year on record (Reuters)

Posted: 25 Feb 2011 08:24 AM PST

Reuters - Global listings activity has been the highest on record so far this year, with firms raising a total of $24 billion to date, according to Thomson Reuters data, boosted by buoyant stock markets and improved investor interest.

Saudi raises oil output as Libyan exports disrupted (Reuters)

Posted: 25 Feb 2011 06:52 AM PST

Reuters - Saudi Arabia has raised oil output about 8 percent to above 9 million barrels per day (bpd) to make up for a near halt in Libyan exports, an industry source said, helping prices fall further from the highest since 2008.

SEC may file charges against Freddie Mac exec (Reuters)

Posted: 24 Feb 2011 02:24 PM PST

Reuters - A top executive at mortgage finance giant Freddie Mac received a "Wells Notice" from the Securities and Exchange Commission that the agency was considering filing an enforcement action against him, according to an SEC filing released on Thursday.

Ahead of the Bell: GDP (AP)

Posted: 25 Feb 2011 04:09 AM PST

AP - The economy probably grew a tad faster at the end of last year than first thought, helped by stronger sales of U.S. goods to foreign buyers and slightly more spending by businesses to add to their inventories.

Volkswagen's 2010 profit roars to $9.4 billion (AP)

Posted: 25 Feb 2011 07:58 AM PST

In this picture taken feb. 24, 2011 locks for the trunk lid are ready to be built in, at the Golf production in the Volkswagen plant in Wolfsburg, Germany. Volkswagen AG says its 2010 net profit rose to 6.84 billion euro  (US dlrs 9.4 billion) from 960 million euro  a year earlier as revenue climbed by more than 20 percent.  Europe's largest automobile maker said Friday Feb. 25, 2011 that the combined revenue for the group - which also includes brands such as Audi, Skoda or Seat - was up to 126.9 billion euro  in 2010 from 105.2 billion euro  the previous year, leading to an operating profit of 7.1 billion euro. CEO Martin Winterkorn says the company in 2010 left the economic crisis fully behind and enjoyed 'the best year in the history of the Volkswagen Group.'  (AP Photo/Ferdinand Ostrop)AP - Germany's Volkswagen AG saw its 2010 earnings soar to euro6.84 billion ($9.4 billion) as revenue climbed more than 20 percent, creating the automaking group's most successful year ever, the company said Friday.


Russia raises key interest rate to stem inflation (AP)

Posted: 25 Feb 2011 03:56 AM PST

AP - Russia has raised its key interest rate for the first time since 2008 due to concerns over accelerating consumer price increases.

The S&P 500 Doubled: Did You Miss It? (U.S. News & World Report)

Posted: 25 Feb 2011 08:09 AM PST

U.S. News & World Report - Two years ago, a lot of articles, blogs, and opinions questioned the logic of buy-and-hold investing. Regardless of recent financial history, I still believe that the foundation of any good investment strategy is a globally diversified portfolio. I also believe that any good investment strategy is born from a complete and comprehensive financial planning analysis.

Special report: The biggest company you never heard of (Reuters)

Posted: 25 Feb 2011 04:52 AM PST

Reuters - On Christmas Eve 2008, in the depths of the global financial crisis, Katanga Mining accepted a lifeline it could not refuse.

Best Buy, Home Depot find tough times in China (AP)

Posted: 25 Feb 2011 04:02 AM PST

Security guard personnel stand guard as many people line up outside one of the Shanghai outlets Best Buy closed earlier this week to complain or seek help with customer service Friday, Feb. 25, 2011 in Shanghai, China. Minneapolis-based Best Buy opened its flagship store and other outlets in Shanghai just a few years ago, to great fanfare. This week it closed all nine of its brand name stores in China, stunning employees and customers. (AP Photo/Eugene Hoshiko)AP - Home Depot is no longer open for home improvements in Beijing. Best Buy Inc. decided its brand name electronics stores were not best for China.


Fannie, Freddie narrow losses but seek more aid (AP)

Posted: 24 Feb 2011 09:09 PM PST

AP - Government-controlled mortgage buyers Fannie Mae and Freddie Mac narrowed their losses in the final three months of last year. But they are asking for more money from taxpayers as the real estate market braces for what could be a new wave of mortgage defaults.

Oil prices waver as gas pump prices jump (AP)

Posted: 25 Feb 2011 09:30 AM PST

Asian stocks rose on Friday as oil prices slipped from recent highs after OPEC said it would boost crude output if the Middle East crisis hit supplies, with traders eagerly snapping up bargains.(null/null)AP - Oil prices wavered Friday as refineries in Europe prepared for a sustained loss in high-quality Libyan crude.


Ireland government braced for defeat in election (AP)

Posted: 25 Feb 2011 05:36 AM PST

Fine Gael leader Enda Kenny weres a party sticker on his suit in Burt, County Donegal, Ireland, Thursday, Feb. 24, 2011, on the last day of canvassing. Ireland's 3.1 million voters make their choices on Friday, with every poll pointing to a new government led by Fine Gael, until now the perennial runner-up in Irish elections. The big question is whether Fine Gael will need a coalition partner, most likely the Labour Party.  (AP Photo/Peter Morrison)AP - Ireland's government braced itself for a heavy defeat Friday as voters went to the polls enraged about public service cuts, higher taxes, soaring unemployment and the country's embarrassing bailout.


Libyan Crisis, Gadhafi's Threats Send Domestic Gas Prices Soaring (ContributorNetwork)

Posted: 25 Feb 2011 09:15 AM PST

ContributorNetwork - Chaos in Egypt, unrest in Libya and Moammar Gadhafi's threats to blow up oil pipelines have all conspired to send U.S. gas prices soaring. Oil rose to $100 a barrel yesterday and analysts are predicting prices at the pump to hit the $4 a gallon mark soon. All this talk of escalating gas prices has many motorists queuing up to fill their tanks before price hikes occur.

Europeans Opting for MBAs Closer to Home (BusinessWeek)

Posted: 25 Feb 2011 05:08 AM PST

BusinessWeek - Scottish business school student Steven Renwick used to harbor what he called a "vague aspiration" to get his MBA from an American institution such as the Stanford Graduate School of Business. Then he took a closer look at the price tag. The cost of a two-year degree at a top U.S. business school would easily set him back more than $150,000, an investment of time and money he was not comfortable making. Says Renwick: "It seemed like a massive opportunity cost."

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