Tuesday, October 4, 2011

Yahoo! News: Health News

Yahoo! News: Health News

S&P 500 turns positive (Reuters)

Posted: 04 Oct 2011 09:15 AM PDT

Traders work on the floor of the New York Stock Exchange September 23, 2011. REUTERS/Brendan McDermidReuters - The S&P 500 erased losses to turn positive and the Nasdaq was up more than 1 percent midday Tuesday after Federal Reserve Chairman Ben Bernanke said he was prepared to take more steps to help the fragile economic recovery.

Recovery "close to faltering", Fed could act (Reuters)

Posted: 04 Oct 2011 08:04 AM PDT

Federal Reserve Chairman Ben Bernanke makes remarks at the start of a conference on systemic risk, at the Federal Reserve in Washington September 15, 2011. REUTERS/Jonathan ErnstReuters - The Federal Reserve is prepared to take further steps to help an economic recovery that is "close to faltering", Fed Chairman Ben Bernanke said on Tuesday.

Euro zone considers making banks pay more for Greece (Reuters)

Posted: 04 Oct 2011 04:42 AM PDT

Reuters - European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone's sovereign debt crisis.

Insight: Chase's card chief rebuilds business part by part (Reuters)

Posted: 04 Oct 2011 08:50 AM PDT

Gordon Smith, Chief Executive Officer of Card Services for JPMorgan, poses at his company's offices in New York September 23, 2011. REUTERS/Eduardo MunozReuters - Gordon Smith, credit card chief of JPMorgan Chase , often spends his weekends at his northern New Jersey home, rebuilding the engines of vintage cars.

EU to object to D.Boerse/NYSE deal: sources (Reuters)

Posted: 04 Oct 2011 09:03 AM PDT

A U.S. flag flies outside an entrance to the New York Stock Exchange July 7, 2011. REUTERS/Brendan McDermidReuters - EU regulators will formally object this week to the planned merger of Deutsche Boerse (DB1Gn.DE) and NYSE Euronext , two sources with knowledge of the case said, which may force the companies to offer concessions to ease competition concerns.

How the major stock indexes fared on Monday (AP)

Posted: 03 Oct 2011 02:17 PM PDT

AP - The latest setback in Greece's financial crisis sent the Standard and Poor's 500 index to its lowest level of the year, putting it on the edge of a new bear market.

Top Republican pours cold water on China yuan bill (Reuters)

Posted: 04 Oct 2011 08:47 AM PDT

Reuters - A bill that would pressure China to let its currency rise in value ran into opposition on Tuesday from the top Republican in Congress, who called the proposal a "dangerous" overreach by lawmakers.

Europe, China woes fuel earnings worries (Reuters)

Posted: 02 Oct 2011 10:06 AM PDT

Reuters - Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support.

Greece has weeks left before bankruptcy (AP)

Posted: 04 Oct 2011 08:56 AM PDT

High school students chant slogans outside the Greek Parliament during a protest in central Athens, Tuesday, Oct. 4, 2011. A string of missed fiscal targets has stoked fears that Greece - weighed under a massive debt load - is headed toward certain default, stalling the global economy's slow recovery from recession. (AP Photo/Petros Giannakouris)AP - Greece has enough money to pay pensions, salaries and bondholders through mid-November, the finance minister said Tuesday, as global markets sank on worries that a messy default could bring down European banks and trigger another global recession.

Gov't report: Fannie knew of 'robo-signing' in '03 (AP)

Posted: 04 Oct 2011 04:18 AM PDT

AP - Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says.

Insight: China's foreign lawyers argue case from the gallery (Reuters)

Posted: 04 Oct 2011 04:26 AM PDT

Reuters - Ten years after lawyers helped forge an agreement to bring China into the World Trade Organization (WTO), a step that created opportunities for scores of non-Chinese businesses, foreign attorneys in the country wish they had struck a better deal for themselves.

Rhapsody buys Napster subscribers from Best Buy (AP)

Posted: 03 Oct 2011 04:00 PM PDT

AP - Electronics retailer Best Buy Inc. is tuning out of Napster, a digital music service that has struggled to evolve from its renegade origins as a free file-sharing network that riled the recording industry.

Oil drops hits new lows for 2011, again (AP)

Posted: 04 Oct 2011 08:09 AM PDT

A gas station attendant fills up an automobile's tank with the gallon price of $3.17 in Wakefield, Mass., Tuesday, Oct. 4, 2011. Oil tumbled to below $76 a barrel Tuesday as fears intensified that Greece may not be able to crawl out from beneath a mountain of debt without defaulting.(AP Photo/Charles Krupa)AP - Oil is hitting new annual lows for the third straight day with the economic crisis in Europe pushing Goldman Sachs to trim a once bullish outlook for energy demand.

Raise taxes on super rich, not semi-rich: poll (Reuters)

Posted: 04 Oct 2011 08:00 AM PDT

A man holds his envelopes as he waits in line to mail his family's income tax returns at a mobile post office near the Internal Revenue Service building in downtown Washington, April 15, 2010. REUTERS/Jonathan ErnstReuters - Less than a quarter of wealthy Americans support raising taxes on households making $250,000 or more a year, the level being targeted by President Barack Obama, though tax increases further up the income scale have broader support, said a poll released on Tuesday.

Ford, UAW agree on new labor contract (Reuters)

Posted: 04 Oct 2011 09:06 AM PDT

The Ford Motor Co's logo is seen on top of the Ford Motor Company World Headquarters in Dearborn, Michigan, October 26, 2009. REUTERS/Rebecca CookReuters - Ford Motor Co and the United Auto Workers union said on Tuesday they had reached a tentative four-year contract that would allow the automaker to invest almost $5 billion in U.S. plants and create an additional 5,750 jobs.
Posted by Harshad at 9:37 AM

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