Yahoo! News: Health News

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• Stocks tumbles on concerns about economic slowdown (Reuters)
• Jobless claims point to weak labor market (Reuters)
• Oil dives to lowest since Feb as IEA taps stocks (Reuters)
• LSE bid on knife edge as TMX battle heats up (Reuters)
• EU puts squeeze on Greece; banks discuss rollover (Reuters)
• Vanguard shares climb in 1st day of NYSE trading (AP)
• How states fared on unemployment applications (AP)
• Rite Aid posts smaller-than-expected 1Q loss (AP)
• Saab runs out of cash to pay wages (AP)
• Mortgage rates for the past 52 weeks, at a glance (AP)
• Greece presses banks to help in debt crisis (AP)
• Tiffany replaces CFO, adds COO title (AP)
• For 2012 Republicans, the Economy Trumps the Culture War (U.S. News & World Report)
• Obama releasing 30M barrels from US oil reserves (AP)
• Top Republican Cantor exits budget talks (AP)
• IRS increases gas mileage deduction in midyear (AP)

Stocks tumbles on concerns about economic slowdown (Reuters) Posted: 23 Jun 2011 08:31 AM PDT Reuters - Stocks tumbled on Thursday as a sharp drop in oil fueled an already weak market that faltered after Federal Reserve Chairman Ben Bernanke's downbeat comments a day earlier.

Jobless claims point to weak labor market (Reuters) Posted: 23 Jun 2011 07:50 AM PDT Reuters - The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after employment stumbled in May.

Oil dives to lowest since Feb as IEA taps stocks (Reuters) Posted: 23 Jun 2011 08:23 AM PDT Reuters - Oil prices crashed more than $8 to a four-month low on Thursday after the world's consumer nations said they would band together to aid the global economy by releasing emergency oil reserves for the third time ever.

LSE bid on knife edge as TMX battle heats up (Reuters) Posted: 23 Jun 2011 08:35 AM PDT Reuters - The London Stock Exchange faces a nail-biting fight for Canadian peer TMX Group after rival bidder Maple trumped the LSE's sweetened offer with counterbid worth $3.9 billion.

EU puts squeeze on Greece; banks discuss rollover (Reuters) Posted: 23 Jun 2011 08:25 AM PDT Reuters - Greece's new finance minister sought to explain gaps in his austerity plan to EU and IMF officials on Thursday, with European leaders insisting on deep spending cuts and tax hikes if Athens wants to secure funds and avoid potential default.

Vanguard shares climb in 1st day of NYSE trading (AP) Posted: 22 Jun 2011 08:06 AM PDT AP - Shares of Vanguard Health Systems are climbing in their New York Stock Exchange debut.

How states fared on unemployment applications (AP) Posted: 23 Jun 2011 06:27 AM PDT AP - More Americans applied for unemployment benefits last week, adding to evidence that the job market is weakening.

Rite Aid posts smaller-than-expected 1Q loss (AP) Posted: 23 Jun 2011 08:41 AM PDT AP - Drugstore chain Rite Aid Corp. said Thursday that its new customer rewards program helped stabilize its flagging sales, leading to a smaller loss.

Saab runs out of cash to pay wages (AP) Posted: 23 Jun 2011 08:57 AM PDT AP - Saab, the Swedish car company renowned for its sometimes quirky designs, moved closer to bankruptcy Thursday after it conceded that it didn't have any money to pay employees' wages.

Mortgage rates for the past 52 weeks, at a glance (AP) Posted: 23 Jun 2011 08:29 AM PDT AP - Mortgage rates for the past 52 weeks, at a glance

Greece presses banks to help in debt crisis (AP) Posted: 23 Jun 2011 08:37 AM PDT AP - Greece's finance minister says the government has been encouraging Greek banks to participate in a solution to the country's debt crisis.

Tiffany replaces CFO, adds COO title (AP) Posted: 23 Jun 2011 07:09 AM PDT AP - Jewelry retailer Tiffany & Co. is replacing its chief financial officer as it reshuffles longtime executives and adds a chief operating officer position.

For 2012 Republicans, the Economy Trumps the Culture War (U.S. News & World Report) Posted: 23 Jun 2011 07:26 AM PDT U.S. News & World Report - On the day that President Obama was sworn into office, the unemployment rate was 7.3 percent. Today it stands at 9.1 percent, an increase of 25 percent. Back on Inauguration Day, a gallon of gas was averaging $1.83, while today it stands at $3.74. In the last few months, we've seen declines in real wages, in manufacturing production and orders, in existing home sales, and in chain-store sales, and a sharp drop in consumer confidence. I think we all know the answer to President Reagan's question during the Carter years: Are you better off than you were four years ago?

Obama releasing 30M barrels from US oil reserves (AP) Posted: 23 Jun 2011 08:55 AM PDT AP - Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.

Top Republican Cantor exits budget talks (AP) Posted: 23 Jun 2011 08:48 AM PDT AP - Majority Leader Eric Cantor said Thursday that Democratic demands that some tax increases be paired with the spending cuts have brought budget negotiations led by Vice President Joe Biden to an impasse. Cantor said he's pulling out of the talks.

IRS increases gas mileage deduction in midyear (AP) Posted: 23 Jun 2011 08:29 AM PDT AP - The Internal Revenue Service is increasing the tax deduction motorists can take for using private vehicles for business, a rare midyear move sparked by high gas prices.

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