Yahoo! News: Health News

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• Wall Street pares losses, Nasdaq positive (Reuters)
• Private hiring surges, jobless claims dip (Reuters)
• Barnes & Noble may split off Nook, cuts forecast (Reuters)
• December sales rise, but discounts hurt profits (Reuters)
• Cordray: Consumer agency to target shadow banks (Reuters)
• A look at economic developments around the globe (AP)
• NY gov: $1B to Buffalo as part of jobs program (AP)
• Monsanto 1Q profit surges on seed sales (AP)
• SNB chief denies wrongdoing over dollar deals (AP)
• Mortgage rates for the past 52 weeks, at a glance (AP)
• Spain vows to fight tax evasion, trim government (AP)
• Macy's raises profit outlook; doubles dividend (AP)
• Rate on 30-year mortgage down to record 3.91 pct. (AP)
• Ex-LyondellBasell worker gets 7 years for fraud (AP)
• Tax inspectors hit target in Italian ski resort (Reuters)
• GM offers fix to Volt to prevent fire risk (Reuters)

Wall Street pares losses, Nasdaq positive (Reuters) Posted: 05 Jan 2012 08:40 AM PST Reuters - U.S. stocks pared early losses and the Nasdaq turned positive on Thursday, boosted by gains in biotechnology and chip stocks.

Private hiring surges, jobless claims dip (Reuters) Posted: 05 Jan 2012 06:11 AM PST Reuters - Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012.

Barnes & Noble may split off Nook, cuts forecast (Reuters) Posted: 05 Jan 2012 08:33 AM PST Reuters - Barnes & Noble Inc cut its Nook sales forecast for this year and shocked investors by saying it was considering a sale of the electronic reader and tablet business, sending its shares down more than 20 percent.

December sales rise, but discounts hurt profits (Reuters) Posted: 05 Jan 2012 06:50 AM PST Reuters - Many retailers had to discount more than they wanted to draw customers over the holidays, cutting into profits even as December sales came in slightly better than expected overall.

Cordray: Consumer agency to target shadow banks (Reuters) Posted: 05 Jan 2012 08:09 AM PST Reuters - In his first speech as head of the Consumer Financial Protection Bureau, Richard Cordray said his agency will immediately begin overseeing lenders outside the banking industry, and will take a tough stance against any financial players that break the law.

A look at economic developments around the globe (AP) Posted: 03 Jan 2012 01:46 PM PST AP - A look at economic developments and activity in major stock markets around the world Tuesday:

NY gov: $1B to Buffalo as part of jobs program (AP) Posted: 04 Jan 2012 11:20 AM PST AP - New York Gov. Andrew Cuomo says the economically distressed city of Buffalo will get $1 billion in incentives for employers to lift the city out of its third-place national poverty ranking behind only Detroit and Cleveland.

Monsanto 1Q profit surges on seed sales (AP) Posted: 05 Jan 2012 08:08 AM PST AP - Monsanto Co. said Thursday its fiscal first-quarter earnings soared on strength of its seed business. The company also brightened its outlook for the full fiscal year.

SNB chief denies wrongdoing over dollar deals (AP) Posted: 05 Jan 2012 08:16 AM PST AP - The Swiss National Bank chief denied any wrongdoing Thursday and said he had no plans to resign over private currency deals that produced hefty profits for his family.

Mortgage rates for the past 52 weeks, at a glance (AP) Posted: 05 Jan 2012 07:43 AM PST AP - Mortgage rates for the past 52 weeks, at a glance

Spain vows to fight tax evasion, trim government (AP) Posted: 05 Jan 2012 07:42 AM PST AP - Spain's new conservative government will crack down on tax evasion and trim the public sector in its drive to chip away at a bloated budget deficit, an official said Thursday.

Macy's raises profit outlook; doubles dividend (AP) Posted: 05 Jan 2012 06:31 AM PST AP - Macy's Inc. is raising its earnings outlook for the fourth quarter and full year due to a strong holiday season and says it will double its quarterly dividend to 20 cents a share. The retailer is also increasing its share repurchase program by $1 billion.

Rate on 30-year mortgage down to record 3.91 pct. (AP) Posted: 05 Jan 2012 07:37 AM PST AP - 2012 looks to be another year of opportunity for the few who can afford to buy or refinance a home.

Ex-LyondellBasell worker gets 7 years for fraud (AP) Posted: 05 Jan 2012 08:43 AM PST AP - An ex-LyondellBasell Industries manager in Texas has been sentenced to seven years in prison and ordered to repay $82 million over a kickbacks scheme.

Tax inspectors hit target in Italian ski resort (Reuters) Posted: 05 Jan 2012 08:24 AM PST Reuters - Italian officials combating a national plague of tax evasion hit the jackpot in a swoop on a posh ski resort, catching 42 drivers of Ferraris and other luxury cars who had declared incomes of less than 30,000 euros ($38,700) a year.

GM offers fix to Volt to prevent fire risk (Reuters) Posted: 05 Jan 2012 08:59 AM PST Reuters - General Motors Co said on Thursday it has developed a proposed fix to the battery pack for the Chevrolet Volt to eliminate the risk of a fire being triggered days after a crash.

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