Sunday, September 25, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall St Week Ahead: Earnings calls wake up to Wall Street pain (Reuters)

Posted: 25 Sep 2011 08:26 AM PDT

Reuters - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.

UBS bank's revamp after trading scandal to take years (Reuters)

Posted: 25 Sep 2011 08:13 AM PDT

Reuters - Reorganising the investment bank at UBS will take two to three years to complete, its chairman said on Sunday, a day after Chief Executive Oswald Gruebel quit over the $2.3 billion rogue trading scandal.

IMF urges ECB to play bigger crisis-fighting role (Reuters)

Posted: 25 Sep 2011 08:42 AM PDT

Reuters - A top IMF official on Sunday said the European Central Bank was the only player powerful enough to "scare" financial markets and keep the euro zone's debt crisis from further damaging the global economy.

ECB undecided on length of debt-buying program: Paramo (Reuters)

Posted: 25 Sep 2011 04:11 AM PDT

Reuters - The European Central Bank has not decided how long its unconventional interventions in the secondary market for European government debt will go on, Executive Board Member Jose Manuel Gonzalez-Paramo said in an interview on Sunday.

Greece must push reforms or face dramatic fallout:central banker (Reuters)

Posted: 24 Sep 2011 10:31 AM PDT

Reuters - Debt-laden Greece must push forward with reforms prescribed by its international lenders or face dramatic consequences, the country's central banker said in an interview.

Signs of China slowdown add to dim global outlook (AP)

Posted: 23 Sep 2011 07:35 AM PDT

FILE - In this Jan. 20, 2011 file photo, a handicapped man scavenges for resalable materials amongst garbage accumulated along a road in Beijing, China. Signs that powerhouse China is slowing have spooked global markets and added to fears that the world economy will suffer another recession. Analysts said Friday, Sept. 23, 2011 that the stock market fallout from one small, preliminary survey of manufacturers in China far exceeded the data's importance. But other signs of a slowdown suggest little reason for optimism.(AP Photo/Ng Han Guan, File)AP - Signs that the powerhouse Chinese economy is slowing have spooked global markets and sharpened fears that the world economy will not escape another recession, so much so that a small, preliminary survey of Chinese manufacturers contributed to a global stock market plunge this week.

Obama: Kids, economy gain from new education plan (AP)

Posted: 24 Sep 2011 07:45 AM PDT

President Barack Obama smiles while greeting audience members after he spoke about No Child Left Behind Reform, Friday, Sept. 23, 2011, in the East Room at the White House in Washington. (AP Photo/Charles Dharapak)AP - President Barack Obama says kids and the economy will benefit from the changes he's making in education policy and his plan to spend billions to upgrade schools and keep teachers on the job.

Russia's finance minister to quit over Medvedev (AP)

Posted: 25 Sep 2011 08:25 AM PDT

Russian Finance Minister Alexei Kudrin, from left, U.S. Federal Reserve Chairman Ben Bernanke, and European Central Bank President Jean-Claude Trichet, attend take part in the International Monetary and Financial Committee (IMFC) meeting at the IMF/World Bank annual meetings in Washington, Saturday, Sept. 24, 2011. (AP Photo Manuel Balce Ceneta)AP - Russia's finance minister has said he will step down rather than serve under Dmitry Medvedev if the president becomes prime minister next year as planned.

IMF to mull expansion of crisis-fighting capacity (Reuters)

Posted: 24 Sep 2011 05:18 PM PDT

Reuters - The International Monetary Fund said on Saturday it would decide by April whether its resources are sufficient to prevent a global credit crunch if Europe's debt crisis spreads to the rest of the world.
Posted by Harshad at 9:11 AM

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