Tuesday, December 6, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street flat after euro zone warned on ratings (Reuters)

Posted: 06 Dec 2011 09:01 AM PST

Stephen Guilfoyle of Meridian Equity Partners works on the floor of the New York Stock Exchange December 2, 2011. REUTERS/Brendan McDermidReuters - U.S. stocks were little changed in choppy trading on Tuesday, with cautious investors hoping S&P's downgrade warning for euro zone nations would lead to tighter budget rules at a summit this week.

S&P downgrade threat a clarion call for euro reform (Reuters)

Posted: 06 Dec 2011 08:52 AM PST

Reuters - A threat by Standard & Poors to slash credit ratings across the euro zone sounded a clarion call on Tuesday, which could help Nicolas Sarkozy and Angela Merkel force through a change to the European Union treaty at a summit this week.

Exclusive: Fiat-Chrysler CEO "guardedly optimistic" on euro (Reuters)

Posted: 06 Dec 2011 08:54 AM PST

Reuters - Sergio Marchionne, the chief executive of Chrysler Group LLC and Fiat SpA, said he is "guardedly optimistic" that the European Union would take steps this week to help the euro regain its credibility.

Icahn goes hostile with Commercial Metals bid (Reuters)

Posted: 06 Dec 2011 06:48 AM PST

Reuters - Billionaire investor Carl Icahn went hostile with his bid to buy Commercial Metals Co on Tuesday, a day after the metals recycler rejected his $1.73 billion offer.

Legal action urged in damning Olympus report (Reuters)

Posted: 06 Dec 2011 03:46 AM PST

The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo November 24, 2011. REUTERS/Kim Kyung-HoonReuters - An independent panel issued a damning report on a $1.7 billion accounting scandal at Japan's disgraced Olympus Corp on Tuesday, urging legal action against the executives responsible for the cover-up and the replacement of other board members who knew.

Insight: Tables turned as SEC watchdog comes under attack (Reuters)

Posted: 02 Dec 2011 06:37 AM PST

Reuters - David Kotz, the top watchdog of the Securities and Exchange Commission, is facing mounting criticism over some of the investigative techniques that have won him plaudits on Capitol Hill.

Instant view: S&P warns of possible downgrades to 15 euro zone (Reuters)

Posted: 05 Dec 2011 02:10 PM PST

Reuters - Standard & Poor's on Monday warned it may downgrade the credit ratings of 15 euro zone countries as the region's debt crisis deepens.

Toll Brothers' 4Q profit falls, tops Wall St. view (AP)

Posted: 06 Dec 2011 08:15 AM PST

Home builder Toll Brothers' town homes are offered for sale at the Vistas at Indian Oak community in Chatsworth, Calif., on Monday, Dec. 5, 2011. Toll Brothers Inc. said Tuesday, Dec. 6, 2011, its fiscal fourth-quarter net income slid 70 percent, partly because last year's quarter was helped by a large tax benefit. (AP Photo/Damian Dovarganes)AP - Toll Brothers Inc.'s fiscal fourth-quarter net income slid 70 percent, partly because last year's quarter was helped by a large tax benefit.

Exclusive: Van Rompuy urges fast-track euro zone moves (Reuters)

Posted: 06 Dec 2011 08:36 AM PST

Reuters - Tighter oversight of euro zone fiscal policy can be achieved through minor, rapid adjustments to the EU treaty, European Council President Herman Van Rompuy told EU leaders in an interim report to be discussed at a summit on December 8-9.

Bank of America settles mortgage suit for $315 mln (AP)

Posted: 06 Dec 2011 08:39 AM PST

Retired state worker Donna West, 55, gathers with Wall Street protesters outside a Bank of America building in Las Vegas to protest record bank profits on Friday, Oct. 28, 2011. Across this hardest-hit Western state, a battle of perceptions is being waged over whether Nevada is on the edge of economic recovery, or still falling four years after the collapse of its mighty housing, tourism and construction industries. It's a similar story in the rest of the nation, only in Nevada it's worse, because people here depend on the money of people elsewhere. Nevada continues to top the nation in unemployment, foreclosures and bankruptcies. (AP Photo/Oskar Garcia)AP - Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.

Summary Box: Dubai ruler firm vows to repay bonds (AP)

Posted: 06 Dec 2011 08:15 AM PST

AP - PROMISE TO PAY: An indebted investment company controlled by Dubai's ruler vowed Tuesday to repay $500 million it owes early next year, moving quickly to quell concerns about its finances.

Postal cutbacks to delay 1st-class mail (AP)

Posted: 05 Dec 2011 05:00 PM PST

Letter carrier Diosdado Gabnat moves boxes of mail into his truck to begin delivery Monday, Dec. 5, 2011, at a post office in Seattle. The cash-strapped U.S. Postal Service said Monday it is seeking to move quickly to close 252 mail processing centers and slow first-class delivery next spring, citing steadily declining mail volume. The cuts are part of $3 billion in reductions aimed at helping the agency avert bankruptcy next year. The plant closures are expected to result in the elimination of roughly 28,000 jobs nationwide. (AP Photo/Elaine Thompson)AP - Utility bills are paid, legal briefs are filed and the Christmas shopping all gets done online. But for magazines, clothing catalogues and movies, the mail still matters.

BofA Merrill unit in $315 million mortgage settlement (Reuters)

Posted: 06 Dec 2011 07:43 AM PST

Reuters - Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit.

Oil price down slightly on S&P Europe warning (AP)

Posted: 06 Dec 2011 08:33 AM PST

Rep. Lee Terry, R-Neb., center, makes a statement to reporters on Capitol Hill in Washington, Friday, Dec. 2, 2011, before the House Energy and Power subcommittee hearing on the construction of the TransCanada Keystone XL crude oil pipeline that would transport millions of barrels of Alberta oilsands crude through six U.S. states, including Nebraska, to Gulf Coast refineries from Canada. He is joined by Bruce Burton, representing the International Brotherhood of Electrical Workers, left, and Brent Booker, director of construction for the Laborers’ International Union of North America. (AP Photo/J. Scott Applewhite)AP - Oil is down slightly after Standard & Poor's expanded its warning about European debt to include a bailout fund for cash-strapped members.

Unemployment Benefits Extensions Expiring, Related to Bush Tax Cuts (ContributorNetwork)

Posted: 06 Dec 2011 09:06 AM PST

ContributorNetwork - Unemployment benefits extensions are set to expire on Tuesday, Nov. 30. At the moment, there doesn't seem to be many on Capitol Hill overly concerned that another two million people, many of whom seem the extensions as their only financial lifeline in a flat and nearly jobless economy, will soon see their unemployment benefits disappear.

Chrysler to call Fiat-based compact the Dodge Dart (AP)

Posted: 06 Dec 2011 09:04 AM PST

This product photo provided by the Chrysler Group LLC, shows a partial view of the 2013 Dodge Dart, named after the 1960s small car that gearheads turned into street racers. The Dart is due in showrooms during the first half of next year. (AP Photo/Chrysler Group LLC)AP - The Dodge Dart, a 1960s compact car that gearheads turned into street racers, is making a comeback.
Posted by Harshad at 9:16 AM

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