Thursday, August 25, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street drops about 1 percent, tracking German Dax (Reuters)

Posted: 25 Aug 2011 08:17 AM PDT

Traders work on the floor of the New York Stock Exchange in this file image from August 18, 2011. REUTERS/Brendan McDermidReuters - Stocks fell about 1 percent on Thursday, tracking weakness in German and European shares and overshadowing Berkshire Hathaway's investment in Bank of America that lifted the beaten down financial sector.

Investors undaunted as Apple's Jobs steps aside (Reuters)

Posted: 25 Aug 2011 08:19 AM PDT

Customers are seen in an Apple store in Carugate, near Milan, Italy, Thursday, Aug. 25, 2011. Steve Jobs resigned as Apple CEO on Wednesday, saying he could no longer handle the job and would continue to play a leadership role as chairman of the board. Since Steve Jobs' return to Apple Inc. in 1997 as CEO, the company has been on an unparalleled upswing, highlighted by the immense popularity of the iPad and iPhone. Now, with Jobs no longer leading, Apple will have to prove it can keep its momentum. (AP Photo/Luca Bruno)Reuters - Apple Inc began a new era on Thursday without Steve Jobs as chief executive, a momentous shift that surprised investors, but barely dented confidence in the near-term outlook for the stock.

Warren Buffett to invest $5 billion in Bank of America (Reuters)

Posted: 25 Aug 2011 08:54 AM PDT

A sign for a Bank of America office is pictured in Burbank, California August 19, 2011. Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of America shares rose 12.3 percent on August 25 to $7.85 in early trading, erasing some part of the stock's August losses. The jump also makes the warrants for Bank of America shares that Buffett gets in the deal instantly profitable. Picture taken August 19, 2011. REUTERS/Fred Prouser (UNITED STATES - Tags: BUSINESS)Reuters - Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the largest bank in the United States in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis.

Buffett's BofA stake stirs memories for GE holders (Reuters)

Posted: 25 Aug 2011 09:07 AM PDT

Reuters - News that Warren Buffett is riding to Bank of America Corp's rescue with a $5 billion investment likely stirred memories for shareholders of General Electric Co .

Striking Verizon workers lift jobless claims (Reuters)

Posted: 25 Aug 2011 06:47 AM PDT

Chrysler vehicles are on display at a dealership in Alexandria, Virginia June 2, 2010. REUTERS/Molly RileyReuters - New U.S. claims for unemployment benefits rose more than expected last week, lifted by striking Verizon Communications workers, a government report showed on Thursday.

Quake affects NYSE traders, sparks brief selloff (AP)

Posted: 23 Aug 2011 02:18 PM PDT

AP - The earthquake that began in Virginia and was felt as far north as New York briefly threatened to reverse Tuesday's stock rally. The Dow Jones industrial average sank 60 points soon after the quake hit, but quickly recovered.

UBS cuts China growth outlook amid global slowdown (Reuters)

Posted: 25 Aug 2011 02:11 AM PDT

Reuters - UBS cut its 2011 and 2012 growth forecasts for China on Thursday to reflect weaker growth prospects in developed economies, saying the central bank may relax policy if the world's second-largest economy falters.

Port firm DP World profit jumps on Australia deal (AP)

Posted: 25 Aug 2011 04:43 AM PDT

AP - Port operator DP World said Thursday its profit more than tripled in the first half of the year as trade increased and it booked a large gain by selling off much of its Australian business.

Greek bond yields at new record highs (AP)

Posted: 25 Aug 2011 06:34 AM PDT

AP - Interest rates on Greek 10-year bonds climbed to new records Thursday amid concerns that demands for collateral in return for rescue loans could undermine the country's latest rescue package.

A Glimpse of Market Panic (The Motley Fool)

Posted: 25 Aug 2011 08:43 AM PDT

The Motley Fool - Reuters blogger Felix Salmon posted an interesting picture yesterday. It shows the correlation among S&P 500 stocks, which recently hit the highest point in at least 30 years -- higher than the crash of 1987 and higher than the 2008-2009 market meltdown.

French do not want Strauss-Kahn back in politics: poll (Reuters)

Posted: 25 Aug 2011 03:43 AM PDT

Reuters - A majority of French do not want former IMF managing director Dominique Strauss-Kahn to return to politics after U.S. prosecutors dropped charges of attempted rape against him this week, a poll showed on Thursday.

Mortgage rates for the past 52 weeks, at a glance (AP)

Posted: 25 Aug 2011 08:21 AM PDT

AP - Mortgage rates for the past 52 weeks, at a glance

Oil falls on higher jobless claims (AP)

Posted: 25 Aug 2011 08:18 AM PDT

David Daniel of Texas, center, speaks to fellow activists from California, Texas and Nebraska, who have converged in Lincoln, Neb., Wednesday, Aug. 24, 2011, to present their case against a proposed tar sands oil pipeline. Several activists were on their way to an ongoing White House protest against the pipeline, or had just come from it after being arrested. (AP Photo/Nati Harnik)AP - Oil dropped Thursday on higher U.S. unemployment claims and concerns about less demand for oil and gas.

Contours of Obama jobs package coming into focus (Reuters)

Posted: 24 Aug 2011 10:03 PM PDT

Reuters - President Barack Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers.
Posted by Harshad at 9:23 AM

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