Yahoo! News: Health News

---

• Euro in good shape despite Spain's woes: Nowotny
• Japan's Renesas to seek support from KKR: Nikkei
• HP may cut up to 1,000 jobs in Germany: magazine
• Huawei denies using Chinese subsidies to grab more business
• Insight: Wells Fargo's mushrooming mortgage risk
• Euro's big four agree growth boost, split on bonds
• Toyota to move Yaris North American production to France
• Surviving the investment bank "killing zone": Renaissance
• Tesla CEO sees EVs being as popular as gas-powered cars
• Analysis: Wave of departures raises BlackRock questions
• GM recalls 475,418 Chevy Cruze for engine shield
• Delta seals deal to buy Pennsylvania refinery
• Exclusive: Merrill replaces law firm in broker pay cases
• Analysis: Goldman judge cuts Wells notice disclosure burden
• Euro risks have U.S. businesses readying for the worst
• Morgan Stanley shifted derivatives in first quarter
• Exclusive: BlackRock senior strategist Capaldi leaves-source
• Anglo, Codelco seek to extend talks till July 17
• Boots exec sees Walgreen tie-up fueling sector M&A
• Deutsche Bank abandons LME steel billet
• Greek outlines issues it wants renegotiated
• Obama, Romney seek advantage on health care ruling
• Can Iowa's boom farm times shape White House race?
• How stocks will fare in court ruling on health law
• Negotiators closing in on student loan deal
• New Greek PM, finance minister in hospital
• Darden's Olive Garden strains for a turnaround
• First Tesla electric sedans hit the road
• Business events scheduled for the coming week
• Delta closes on deal for Philly-area refinery

Euro in good shape despite Spain's woes: Nowotny Posted: 23 Jun 2012 05:11 AM PDT VIENNA (Reuters) - The euro will survive even if Spain were cut off from capital markets, European Central Bank policymaker Ewald Nowotny said, adding the currency was in solid shape despite financial problems in some member countries. In an interview aired by Austria radio on Saturday, Nowotny also supported the idea of having a limited number of European countries start a financial transactions tax and said there was no alternative to closer European Union economic integration. ...

Japan's Renesas to seek support from KKR: Nikkei Posted: 22 Jun 2012 09:30 PM PDT TOKYO (Reuters) - Japan's struggling Renesas Electronics Corp plans to start capital raising talks with KKR , including issuing about 50 billion yen ($621 million) in new shares to the U.S. investment firm, Nikkei business daily reported on Saturday. Renesas had initially considered a public share offering to strengthen its capital, the Nikkei said without quoting sources. But massive costs related to its planned restructuring will likely force the company to fall into a net loss in the business year to March 2013 and make it difficult to do so, the daily added. ...

HP may cut up to 1,000 jobs in Germany: magazine Posted: 23 Jun 2012 07:09 AM PDT BERLIN (Reuters) - Hewlett Packard, the world's largest personal computer maker, may cut as many as 1,000 jobs in Germany as part of planned European-wide redundancies, WirtschaftsWoche reported, citing an unnamed staff representative. HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said, citing unnamed officials close to the company. "As many as 1,000 jobs (in Germany) are acutely endangered," WirtschaftsWoche quoted the labor representative as saying. ...

Huawei denies using Chinese subsidies to grab more business Posted: 22 Jun 2012 11:44 PM PDT ST PETERSBURG, Russia (Reuters) - Huawei Technologies Co Ltd , the world's No.2 telecom gear maker, has denied using Chinese subsidies to gain global market share after it was accused by U.S. lawmakers and EU officials of unfair competition. Huawei and cross-town rival ZTE Corp have come under close scrutiny by U.S. lawmakers and the European Commission, which say both are able to use subsidies to bid for contracts at lower prices than Western competitors. ...

Insight: Wells Fargo's mushrooming mortgage risk Posted: 22 Jun 2012 02:31 PM PDT WEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust. One out of every three home loans in the United States is now funded by Wells Fargo & Co, whose mortgage operation sits in a business park next door to a country club on the outskirts of Iowa's capital city. Wells Fargo scaled back its subprime lending in 2004, well before the housing crash. ...

Euro's big four agree growth boost, split on bonds Posted: 22 Jun 2012 07:08 PM PDT ROME (Reuters) - German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe's rescue funds but agreed with leaders of France, Italy and Spain on a 130 billion euros ($156 billion) package to revive growth. After four-way talks in Rome's Renaissance Villa Madama, Italian Prime Minister Mario Monti said the European Union should adopt pro-growth measures worth about 1 percent of the region's gross domestic product at a crucial summit next week. ...

Toyota to move Yaris North American production to France Posted: 23 Jun 2012 04:33 AM PDT TOKYO (Reuters) - Toyota Motor Corp said it will transfer its Yaris compact car production for North America to France from Japan in May next year, marking the first time the company will export cars from Europe to that market. Analysts said the move, announced by Toyota late on Friday, is aimed at keeping a strong yen and soaring energy costs from affecting its earnings. Other Japanese automakers have also shifted some export production out of Japan. ...

Surviving the investment bank "killing zone": Renaissance Posted: 23 Jun 2012 01:54 AM PDT ST PETERSBURG, Russia (Reuters) - Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group told Reuters. Investment banks are undergoing wrenching change as weak financial markets force companies to pull back on raising capital and striking deals, cutting the flow of fee income that had formed the lifeblood of the business. ...

Tesla CEO sees EVs being as popular as gas-powered cars Posted: 22 Jun 2012 07:43 PM PDT FREMONT, Calif (Reuters) - Tesla Motors Inc Chief Executive Elon Musk, an entrepreneur known for his outsized ambition, on Friday made a stunning forecast: battery-powered cars will likely match the internal combustion engine in popularity by the middle of the next decade. "In 20 years more than half of new cars manufactured will be fully electric," Musk said. "I feel actually quite safe in that bet. That's a bet I will put money on." Musk, who divides his time between Tesla and his space exploration startup SpaceX, said it might even happen sooner than that. ...

Analysis: Wave of departures raises BlackRock questions Posted: 22 Jun 2012 05:20 PM PDT BOSTON/NEW YORK (Reuters) - A series of high-level departures from BlackRock this month has raised questions about the direction of the world's largest money manager. Coming in rapid succession over the past two weeks, the departures included Susan Wagner, a founding partner and vice chairman, who will retire at the end of June, and Robert Capaldi, who has already left and was senior client strategist for Chief Executive Laurence Fink. ...

GM recalls 475,418 Chevy Cruze for engine shield Posted: 22 Jun 2012 02:53 PM PDT (Reuters) - General Motors Co is recalling 475,418 of its popular compact Chevrolet Cruze sedans to modify the under-engine shield so flammable liquids are not trapped in the engine compartment, the automaker said on Friday. The recall covers 2011 and 2012 Cruze sedans that were built at GM's Lordstown, Ohio plant from September 2010 through May 2012. The recall affects 413,418 vehicles sold in the United States, 61,299 in Canada and 701 in Israel. ...

Delta seals deal to buy Pennsylvania refinery Posted: 22 Jun 2012 01:54 PM PDT TRAINER, Pennsylvania (Reuters) - Delta Air Lines took the keys to the Trainer, Pennsylvania, refinery from Phillips 66 on Friday, becoming the first air carrier to wade into fuel production in a bid to bring down costs. The deal, which revived the shuttered 185,000 barrel-per-day plant and eased fears of a fuel supply shortfall in the U.S. Northeast, was finalized late afternoon, company officials said. ...

Exclusive: Merrill replaces law firm in broker pay cases Posted: 22 Jun 2012 12:05 PM PDT NEW YORK (Reuters) - Merrill Lynch has replaced the law firm leading its battles against deferred-pay claims from more than a thousand former brokers. The change could mark a fresh start for Merrill after a disclosure by one of the previous lawyers likely damaged one of the brokerage's cases as it faces a growing pile of claims and more than $1 billion in estimated potential damages from pending cases and hundreds more that could be filed. ...

Analysis: Goldman judge cuts Wells notice disclosure burden Posted: 22 Jun 2012 11:32 AM PDT (Reuters) - A federal judge's decision that otherwise went against Goldman Sachs Group Inc has made it easier for companies to defeat shareholder claims that litigation threatened by the U.S. Securities and Exchange Commission should be disclosed. U.S. District Judge Paul Crotty in Manhattan said Goldman could not be sued under federal law for securities fraud for failing to disclose it had received a Wells notice from the SEC, though news of a notice often causes a negative market reaction. ...

Euro risks have U.S. businesses readying for the worst Posted: 22 Jun 2012 12:20 PM PDT NEW YORK (Reuters) - Three years into the European debt crisis, with the likelihood of the euro's demise still remote, U.S. multinationals are making preparations for a number of grim scenarios that include the worst: the collapse of the euro. They have been actively looking to lower their hedging costs by taking advantage of the weak euro, while others have been moving money daily to other financial centers to reduce euro zone exposure, consulting firms and banks that hedge for large U.S. corporations say. ...

Morgan Stanley shifted derivatives in first quarter Posted: 22 Jun 2012 10:04 AM PDT NEW YORK (Reuters) - Morgan Stanley shifted more of its derivatives positions to its U.S. bank unit in the first quarter, as credit rating downgrades from Moody's Investors Service weighed on its business, data from the Office of the Comptroller of the Currency showed on Friday. Moody's downgraded 15 of the world's largest banks on Thursday and cut Morgan Stanley's unsecured debt rating two notches to Baa1, the third lowest investment grade. ...

Exclusive: BlackRock senior strategist Capaldi leaves-source Posted: 22 Jun 2012 10:53 AM PDT NEW YORK (Reuters) - Robert Capaldi, who served as senior client strategist for BlackRock Inc Chairman and Chief Executive Laurence Fink, has left the firm, a source familiar with the move said on Friday. His departure on June 1 marks the fourth senior executive to leave BlackRock this month. With $3.7 trillion of assets under management, BlackRock is the world's biggest fund manager. Capaldi's position in New York will not be filled, according to the source who declined to be identified because the person is not allowed to talk to the press about personnel matters. ...

Anglo, Codelco seek to extend talks till July 17 Posted: 22 Jun 2012 12:29 PM PDT SANTIAGO (Reuters) - Global miner Anglo American Plc and world No. 1 copper producer Codelco have asked a local court to extend their negotiation window to July 17 from June 22, the companies said in separate statements on Friday. The mining titans requested the extension "to allow talks to continue," suggesting they may be close to a deal to end a bitter dispute over coveted copper assets. "Anglo American and Codelco have agreed to extend the period for exploring the possibility of negotiating an agreement in relation to Anglo American Sur," the companies said. ...

Boots exec sees Walgreen tie-up fueling sector M&A Posted: 22 Jun 2012 09:33 AM PDT (Reuters) - The executive chairman of European health and beauty group Alliance Boots Holdings Ltd said its multibillion dollar tie-up with U.S. drugstore chain Walgreen Co will spark other blockbuster deals in the consolidating and globalizing industry. Speaking on Friday at a quickly organized investor conference to further explain the merits of the deal that was announced on Tuesday, Stefano Pessina said that Walgreen and Alliance Boots will have "a couple of years" head start on other players as rivals seek their own deals. Walgreen, the biggest U.S. ...

Deutsche Bank abandons LME steel billet Posted: 22 Jun 2012 09:07 AM PDT LONDON (Reuters) - Deutsche Bank is moving its steel derivatives business away from the London Metal Exchange (LME) billet contract to U.S. rival CME Group , a market source said on Friday, threatening the existence of the steel futures. The source said that the German bank "is now supporting the CME steel swap, including the CME billet and scrap swaps". Deutsche Bank, which declined to comment, was one of the main supporters and users of the four-year old LME steel billet contract. ...

Greek outlines issues it wants renegotiated Posted: 23 Jun 2012 08:51 AM PDT Greece's new coalition government said Saturday it will seek to repeal some taxes, halt layoffs and extend by two years the deadlines for tough austerity measures imposed under its international bailout agreement.

Obama, Romney seek advantage on health care ruling Posted: 23 Jun 2012 06:58 AM PDT Their positions are clear.

Can Iowa's boom farm times shape White House race? Posted: 23 Jun 2012 06:54 AM PDT In the swaying curtain of green fields outside town, Russ Ranniger hums along in his Deere tractor, plowing the same soil his father did, sleeping in the same 1881 wood-frame house he was carried into as a newborn 60 years ago. In nearly four decades of farming, he knows how to measure success.

How stocks will fare in court ruling on health law Posted: 23 Jun 2012 06:51 AM PDT Insurers and other health care companies are facing costly new restrictions and fees under the new law. The Republicans, the party most associated with big business, hate it. So if President Obama's health care overhaul is repealed by the Supreme Court this month, companies would rejoice, right?

Negotiators closing in on student loan deal Posted: 23 Jun 2012 06:28 AM PDT Congressional bargainers appeared to be closing in on a compromise that would head off a July 1 doubling of interest rates on federal loans to 7.4 million college students and end an election-year battle between President Barack Obama and Congress.

New Greek PM, finance minister in hospital Posted: 23 Jun 2012 03:37 AM PDT Greece's new prime minister and finance minister were both in hospitals Saturday, being treated for different ailments less than three days after a government was formed in the crisis-struck country.

Darden's Olive Garden strains for a turnaround Posted: 22 Jun 2012 07:03 PM PDT Darden Restaurants Inc. is struggling to revive sales at its flagship Olive Garden and Red Lobster restaurants. A key sales figure fell at the chains during the latest quarter, and the company issued a profit forecast that fell short of Wall Street expectations.

First Tesla electric sedans hit the road Posted: 22 Jun 2012 06:34 PM PDT Electric car maker Tesla's first mass-market sedans took to the road Friday, but it's not certain whether their debut will make or break the fledgling company.

Business events scheduled for the coming week Posted: 22 Jun 2012 05:53 PM PDT MONDAY, June 25

Delta closes on deal for Philly-area refinery Posted: 22 Jun 2012 05:00 PM PDT A Delta Air Lines subsidiary closed Friday on a deal to purchase a suburban Philadelphia oil refinery and plans to resume fuel production in the fall, a move the airline hopes can cut its jet fuel bill by $300 million a year.

You are subscribed to email updates from Business News Headlines - Yahoo! News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610