Tuesday, August 23, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall St extends gains; S&P, Nasdaq up 2 pct (Reuters)

Posted: 23 Aug 2011 08:58 AM PDT

The Dow Jones industrial average was up 36.85 points, or 0.34 percent, at 10,854.50. REUTERS/GraphicReuters - Stocks extended gains on Tuesday, with the S&P 500 and the Nasdaq rising more than 2 percent.

BofA shares drop, debt insurance costs jump (Reuters)

Posted: 23 Aug 2011 07:40 AM PDT

Pedestrians walk past a Bank of America sign on the street in New York March 8, 2011. REUTERS/Lucas JacksonReuters - Bank of America Corp's shares fell as much as 6.4 percent to their lowest level since March 2009 as investors worried about possible write-offs and capital raises.

Regional factory index sputters, home sales fall (Reuters)

Posted: 23 Aug 2011 08:00 AM PDT

Reuters - Factory output in the U.S. central Atlantic region contracted again this month and new home sales fell to a five-month low in July, adding to signs of a weak second-half economic expansion at best.

S&P replaces president with Citibank exec after U.S. downgrade (Reuters)

Posted: 22 Aug 2011 07:11 PM PDT

Standard & Poor's President Deven Sharma speaks during an interview at the International Economic Forum of the Americas in Montreal, Quebec, June 9, 2010. REUTERS/Christinne MuschiReuters - The chief of Standard & Poor's will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.

U.S. bank earnings up, FDIC questions for how long (Reuters)

Posted: 23 Aug 2011 08:38 AM PDT

Reuters - U.S. bank earnings continue to increase but the prospects for earnings growth are dimming as banks are having trouble boosting revenue.

TSX may open higher as Libya optimism lifts oil (Reuters)

Posted: 22 Aug 2011 05:49 AM PDT

Reuters - Toronto's main stock index looked set to open higher, rebounding from previous session's sell-off, as hopes for an imminent end to the conflict in OPEC-member Libya signal a rally by Canadian energy shares.

Biden: China didn't need reassurance on U.S. economy (Reuters)

Posted: 22 Aug 2011 09:22 PM PDT

Reuters - Vice President Joe Biden said on Monday China's leaders did not seek reassurances about the weak U.S. economy, and he called Xi Jinping -- the man expected to take over as China's next president -- pragmatic and strong.

Summary Box: H.J. Heinz 1Q (AP)

Posted: 23 Aug 2011 08:56 AM PDT

AP - EARNINGS: H.J. Heinz Co. earned $226.1 million, or 70 cents per share, for the quarter, down 6 percent from the prior year. After adjusting for one-time costs to improve productivity, which includes closing four factories and job cuts, the company earned 78 cents per share.

French Socialists hail demise of Strauss-Kahn case (AP)

Posted: 23 Aug 2011 08:03 AM PDT

FILE - In this June 6, 2011 file photo, former International Monetary Fund leader Dominique Strauss-Kahn appears at his arraignment at Manhattan Criminal Court, in New York. New York City prosecutors filed court papers Monday, Aug. 22, 2011, recommending dismissal of sexual assault charges against Strauss-Kahn, who was accused of attacking a hotel maid in May in a globally sensational case that eventually dissolved amid questions about the woman's credibility. (AP Photo/Allan Tannenbaum, Pool, File)AP - France's Socialists are lauding a move by New York prosecutors to drop the attempted rape case against prominent party figure Dominique Strauss-Kahn, after a stormy two months for the ex-IMF chief that upended the French presidential race.

Deutsche Bank knew mortgage co it bought lied: Justice Dept (Reuters)

Posted: 22 Aug 2011 08:49 PM PDT

Reuters - Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday.

Strauss-Kahn sexual assault case dismissed, appealed (Reuters)

Posted: 23 Aug 2011 09:42 AM PDT

Former IMF chief Dominique Strauss-Kahn smiles as he departs a hearing at the New York State Supreme Courthouse in New York July 1, 2011. REUTERS/Lucas Jackson/FilesReuters - A New York judge dropped all criminal sexual assault charges against ex-IMF chief Dominique Strauss-Kahn on Tuesday after prosecutors lost faith in the credibility of his accuser.

Carlos Slim boosts stakes in New York Times and Saks (Reuters)

Posted: 23 Aug 2011 09:17 AM PDT

Reuters - Billionaire Carlos Slim Helu has increased his stakes in newspaper company New York Times Co and luxury retailer Saks Inc.

Judge allows intervention in BofA $8.5 billion pact (Reuters)

Posted: 22 Aug 2011 05:06 PM PDT

Pedestrians are reflected in the window as customers conduct transactions at a Bank of America ATM in Washington July 19, 2011. REUTERS/Kevin LamarqueReuters - A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp's proposed $8.5 billion settlement with investors who lost money on mortgage-backed securities.

Oil up near $86 as battle rages on in Libya (AP)

Posted: 23 Aug 2011 04:33 AM PDT

FILE - In this Aug. 19, 2011 file photo. a Libyan worker chats with two rebels in a vehicle who patrol an oil refinery controlled by the anti Gadhafi forces on the western outskirt of Zawiya city, Libya. Prices for international crude oil fell Monday, Aug. 22, 2011, on the prospect that exports from Libya will return to the market at a time of economic weakness.(AP Photo/Giulio Petrocco, File)AP - Confusion over the extent of the rebels' hold on the Libyan capital and a rally in stock markets drove oil prices higher Tuesday, a day after they fell in anticipation of the end of strongman Moammar Gadhafi's regime.

US should raise taxes to help fix deficits, say business economists (The Christian Science Monitor)

Posted: 22 Aug 2011 02:31 PM PDT

The Christian Science Monitor - At a time when Republicans in Congress are digging in their heels against raising more federal tax revenue, private-sector economists are sending an opposite signal in a new poll.

Project Flake concept car pictures (Digital Trends)

Posted: 23 Aug 2011 08:10 AM PDT

Digital Trends - #dt-gallery-main-image img { float:right; max-width:400px; border: 1px solid #999; padding: 2px !important; } #dt-gallery-thumbs { float:left; width: 210px; } #dt-gallery-thumbs li { margin:7px !important; background:none !important; padding: 0 !important; float:left !important; } #dt-gallery-thumbs li img { border:1px solid #999; list-style:none; padding: 1px; } If the Project Flake Concept looks and sounds like science fiction, it is. The Flake started as a final project for designer Da Feng at Coventry University and features electro-hydraulic flaps and adaptive winglets.
Posted by Harshad at 9:43 AM

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