Tuesday, February 21, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall St gains on Greece, Dow briefly hits 13,000 (Reuters)

Posted: 21 Feb 2012 09:11 AM PST

Traders work on the floor of the New York Stock Exchange February 16, 2012. REUTERS/Brendan McDermidReuters - Stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008 after Greece secured a bailout to avoid a March default, but gains were limited as investors had priced in expectations of a deal.

Europe seals new Greek bailout but doubts remain (Reuters)

Posted: 21 Feb 2012 08:06 AM PST

Reuters - Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.

Insight: ECB preparing to close liquidity floodgates (Reuters)

Posted: 21 Feb 2012 06:03 AM PST

Reuters - The European Central Bank wants its second offer of cheap ultra-long funds next week to be its last, putting the onus back on governments to secure the euro zone's longer-term future.

Wal-Mart holiday price cuts hit profits (Reuters)

Posted: 21 Feb 2012 07:05 AM PST

Reuters - Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit and it plans to trim prices further in the coming months, a move that is expected to keep shrinking margins.

Regulator outlines new plan to oversee Fannie, Freddie (Reuters)

Posted: 21 Feb 2012 09:03 AM PST

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan to Congress on how it will oversee the two firms more than three years after they were taken over by the federal government.

Nasdaq looks to Congress to win market reforms (Reuters)

Posted: 16 Feb 2012 02:38 PM PST

Reuters - Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."

Barnes & Noble fiscal 3Q net income falls (AP)

Posted: 21 Feb 2012 09:01 AM PST

FILE - In this Aug. 29, 2011 file photo, a Barnes &Noble store front is displayed, in Portland, Ore. Barnes & Noble says its fiscal third-quarter loss narrowed as sales of physical and digital books rose, even as the company continues to invest it its Nook e-book readers and its digital library. (AP Photo/Rick Bowmer, File)AP - Barnes & Noble said Tuesday that its fiscal third-quarter net income fell 14 percent, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.

Greek bond exchange aimed for March 12 (AP)

Posted: 21 Feb 2012 09:14 AM PST

Managing Director of the International Monetary Fund Christine Lagarde, left, speaks with Greek Prime Minister Lucas Papademos during a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Eurozone governments will likely approve on Monday a long-elusive rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, senior officials said. But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load. (AP Photo/Yves Logghe)AP - A Greek finance ministry official says the country's debt-reducing bond swap with private creditors is expected to take place on March 12.

Greek finance minister on EU/IMF bailout (Reuters)

Posted: 21 Feb 2012 09:09 AM PST

Reuters - Here are highlights of Greek Finance Minister Evangelos Venizelos's news conference in Athens on Tuesday after returning from Brussels talks where euro zone finance ministers clinched a 130-billion-euro bailout package.

Wal-Mart's 4Q results show rebounding US business (AP)

Posted: 21 Feb 2012 05:59 AM PST

FILE - In this May 16, 2011 file photo, the WalMart Supercenter signage is seen in Springfield, Ill. Wal-Mart Stores Inc. is reporting Tuesday, Feb. 21, 2012, a 4.2 percent decline in fourth-quarter profits. But the world's largest retailer's U.S. namesake business continued its rebound as its grabbed shoppers over the critical holidays. (AP Photo/Seth Perlman, File)AP - Wal-Mart Stores Inc.'s low-cost strategy during the holidays both helped and hurt its performance in the fourth quarter: The world's largest retailer reported an almost 15 percent decline in profit, but its namesake U.S. business continued to draw in more shoppers.

Oil price climbs on fear Iran may stop more oil (AP)

Posted: 21 Feb 2012 08:34 AM PST

FILE - In this Wednesday, Feb. 15, 2012 file citizen journalism image provided by the Local Coordination Committees in Syria, anti-Syrian regime activist Khaled Abu-Salah stands in front of flames and black smoke from a bombed oil pipeline, in Baba Amr neighborhood in Homs province, central Syria. Syrian troops intensively shelled rebel-held neighborhoods in the restive central city of Homs, on Friday and killed at least five people, activists said. Britain and France urged the opposition to unite and said it needs more international support to resist the deadly government crackdown. (AP Photo/Local Coordination Committees in Syria, File) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOAP - Oil prices are at the highest level since May on concerns that Iran will cut off more oil to Europe.

Jerry Brown's Risky Path: How to Raise Taxes in California (Time.com)

Posted: 21 Feb 2012 08:15 AM PST

Time.com - In a campaign that may influence the policies of other states (and even the federal government), the three-time governor is heading down a hazardous political path

Summary Box: China carmaker plant in Bulgaria (AP)

Posted: 21 Feb 2012 09:29 AM PST

AP - CHINA ARRIVES: Great Wall Motors launched operations in Bulgaria on Tuesday, becoming the first Chinese automaker to assemble cars in the European Union.
Posted by Harshad at 9:38 AM

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