Wednesday, December 7, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street flat, eyes on euro zone summit (Reuters)

Posted: 07 Dec 2011 09:43 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, light trading on Wednesday as investors weighed high expectations about an upcoming euro zone summit against headline-driven selling.

France vows powerful summit deal (Reuters)

Posted: 07 Dec 2011 07:13 AM PST

Treasury Secretary Timothy Geithner addresses the media after talks with German Finance Minister Wolfgang Schaeuble in Berlin December 6, 2011. REUTERS/Tobias SchwarzReuters - Pessimistic comments from EU paymaster Germany and new figures exposing growing stress among Europe's banks took the shine off financial market hopes of a turning point in the euro zone debt crisis at a summit this week.

Exclusive: D.Boerse, NYSE mull spin-off on EU demands (Reuters)

Posted: 07 Dec 2011 08:44 AM PST

Reuters - Deutsche Boerse AG and NYSE Euronext could spin off parts of their derivatives arms to create a third-party competitor as a way to allay anti-trust concerns about their $9 billion merger, two sources familiar with the Boerse's thinking said.

Halliburton says BP wrong on cement tests (Reuters)

Posted: 07 Dec 2011 08:43 AM PST

Reuters - Halliburton Co on Wednesday disputed BP Plc's allegations in a court filing that it had destroyed evidence related to its cement work on the Gulf of Mexico well that blew out last year.

Penney CEO calls Martha Stewart deal a '"centerpiece" (Reuters)

Posted: 07 Dec 2011 09:53 AM PST

Reuters - J.C. Penney Co Inc bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc and will build mini-stores under that brand in a deal new Chief Executive Officer Ron Johnson called "a key centerpiece" in the company's transformation.

Stocks mixed; traders fear delay to Europe deal (AP)

Posted: 07 Dec 2011 09:53 AM PST

FILE - In this Nov. 7, 2011 file photo, trader Anthony Cerar, right, works on the floor of the New York Stock Exchange. World stocks rose Wednesday, Dec. 7, 2011, amid growing optimism that European leaders will approve aggressive plans by the end of the week to rescue the region from a debt crisis that has roiled financial markets for months.(AP Photo/Richard Drew, File)AP - Stocks were mixed Wednesday as differences emerged between European officials struggling to craft a debt-crisis deal ahead of this week's summit. The Dow Jones industrial average erased early losses and rose 31 points in early afternoon trading.

China growth to ease as export outlook darkens (Reuters)

Posted: 07 Dec 2011 12:50 AM PST

Reuters - China's annual rate of export growth slowed in November versus October, Vice Commerce Minister Chong Quan said on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world's No. 2 economy.

Building Boom Brightens Tyco's Earnings (The Motley Fool)

Posted: 07 Dec 2011 06:51 AM PST

The Motley Fool - Security systems, valves, and fire protection equipment maker Tyco International (NYSE: TYC - News) recently posted a better-than-expected fourth quarter in the wake of a better-performing construction and architecture industry. The company has topped analysts' estimates for four consecutive quarters now.

Germany, France scale back ambitions of summit (AP)

Posted: 07 Dec 2011 10:10 AM PST

German Chancellor Angela Merkel reacts as she arrives at the weekly cabinet meeting at the chancellery in Berlin, Wednesday, Dec. 7, 2011. (AP Photo/Markus Schreiber)AP - German and French officials lowered expectations Wednesday for a deal to save the euro during this week's European summit, deflating investors' optimism about a broad resolution of Europe's debt crisis.

Another Huge Shale Discovery (The Motley Fool)

Posted: 06 Dec 2011 12:16 PM PST

The Motley Fool - Oil firms keep discovering reserves, so why is another new shale oil and gas discovery such a big deal? In a market where most oil companies are finding it difficult to maintain their production levels because of depleting resources, Anadarko's (NYSE: APC - News) discovery of a huge reservoir in Colorado's Wattenberg is in fact a big deal not just for the company but also for the industry.

Geithner spoke to ECB, IMF heads on Wednesday: official (Reuters)

Posted: 07 Dec 2011 08:40 AM PST

Reuters - Treasury Secretary Timothy Geithner spoke with ECB President Mario Draghi and IMF Managing Director Christine Lagarde by telephone on Wednesday during a whirlwind round of diplomacy ahead of an EU summit, a U.S. Treasury official said.

Summary Box: India about-face on foreign retail (AP)

Posted: 07 Dec 2011 09:30 AM PST

AP - BACKTRACK: India suspended its plan to open its huge retail sector to foreign companies such as Wal-Mart Stores Inc. The reversal is seen as a major capitulation to political opponents that weakens the administration.

Anti-Wall Street protesters turning to foreclosures (Reuters)

Posted: 06 Dec 2011 07:33 PM PST

Reuters - Anti-Wall Street protesters, seeking a new focus as cities across the country shut down two-month old Occupy encampments, launched a new wave of activism on Tuesday by rallying around homeowners as they try to resist evictions from foreclosed homes.

Oil back above $101 despite US supply growth (AP)

Posted: 07 Dec 2011 10:11 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 back above $101 per barrel after earlier losing ground when a government report showed an unexpected increase in supplies. Weakening demand for gasoline and other petroleum products was the cause.

Reid: Senate not leaving till payroll tax cut OK (AP)

Posted: 07 Dec 2011 10:09 AM PST

AP - Senate Majority Leader Harry Reid says the Senate won't leave town for the Christmas holiday until Congress approves an extension of the payroll tax cut.

Saab says its salvage process is in jeopardy (AP)

Posted: 07 Dec 2011 06:24 AM PST

AP - The administrator in charge of Saab Automobile's reconstruction has given up his efforts to save the struggling car company, due to a lack of funds and the refusal of previous owner General Motors to agree to proposed financing deals.
Posted by Harshad at 10:16 AM

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