Wednesday, February 22, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street flat after housing data; S&P near key level (Reuters)

Posted: 22 Feb 2012 08:03 AM PST

Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermidReuters - Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the S&P 500 struggled to break through a high not seen since last May.

Fitch downgrades Greece on debt swap plan (Reuters)

Posted: 22 Feb 2012 06:04 AM PST

Reuters - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

Existing home sales at 1-1/2 yr-high, supply falls (Reuters)

Posted: 22 Feb 2012 07:43 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 - U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.

Citi, UBS provide keys to interest rate-rigging probe: sources (Reuters)

Posted: 22 Feb 2012 07:17 AM PST

Reuters - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation.

JPMorgan, Citi, BofA sued for $949 million by Sealink (Reuters)

Posted: 22 Feb 2012 08:17 AM PST

Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.

MGM Resorts 4th-quarter loss narrows, revenue up (AP)

Posted: 22 Feb 2012 06:03 AM PST

AP - MGM Resorts International narrowed its loss in the fourth quarter, as revenue climbed and occupancy improved at its Las Vegas Strip properties.

Greek lawmakers rush to clear promised austerity (AP)

Posted: 22 Feb 2012 08:39 AM PST

AP - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy.

Consumer-finance watchdog probes overdraft fees (AP)

Posted: 22 Feb 2012 04:40 AM PST

AP - The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.

A look at Greece's new austerity measures (AP)

Posted: 22 Feb 2012 04:25 AM PST

AP - Greece's lawmakers are to vote on a bill detailing euro3.18 billion ($4.2 billion) worth of austerity measures, as part of a second euro130 billion ($171 billion) bailout package and euro107 billion ($141 billion) debt relief deal with private creditors.

Holiday spending pushes Macy's 4Q profit higher (AP)

Posted: 21 Feb 2012 02:42 PM PST

FILE - In this file photo taken Sept, 29, 2011, Elsy Santiago, left, and her sister Betsy, exit Macy's in Hialeah, Fla. Macy's Inc. said Tuesday, Feb. 21, 2012, its fiscal fourth-quarter net income climbed 12 percent thanks to strong holiday spending and surging online sales. (AP Photo/Alan Diaz, File)AP - A strong holiday shopping season and hearty online sales pushed Macy's Inc.'s fourth quarter net income up 12 percent. That topped Wall Street's expectations, and the department store chain's stock hit a 52-week high.

Home sales jump more than 4 percent in January (AP)

Posted: 22 Feb 2012 08:32 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)AP - Sales of previously occupied homes rose in January to the highest pace in nearly two years, a hopeful sign ahead of the spring-buying season.

Oil flat after four-day rise (AP)

Posted: 22 Feb 2012 08:50 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 - A four-day rise in oil prices has stalled following a weak report on Chinese manufacturing and lingering concerns about Greece's bailout.

Geithner: Obama seeks 28 percent corp. tax rate (AP)

Posted: 22 Feb 2012 08:54 AM PST

President Barack Obama, accompanied by Vice President Joe Biden, talks about the importance of the payroll-tax cut and jobless-benefits extension compromise that bi-partisan House and Senate conferees reached last week, Tuesday, Feb. 21, 2012, in the Eisenhower Executive Office Building on the White House complex in Washington. (AP Photo/J. Scott Applewhite)AP - Treasury Secretary Timothy Geithner says the current business tax system is bad for business and for job creation and says a plan by President Barack Obama to reduce corporate tax rates would make the tax system more globally competitive.

Ford to add $3.8B to pension plans this year (AP)

Posted: 22 Feb 2012 09:07 AM PST

AP - Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.
Posted by Harshad at 9:21 AM

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