Yahoo! News: Health News

---

• Stocks give up gains as Fed meets
• German court removes hurdle to euro zone bailout fund
• Economic data points to stronger start to third quarter growth
• More Fed monetary easing likely on Thursday: Reuters poll
• Chesapeake Energy sells shale assets, pipelines for $6.9 billion
• Citigroup must pay investor $1.4 million for fund loss: panel
• Exclusive: KKR, Apollo, others mull KAR Auction buyout: sources
• Apple's iPhone needs to dazzle as market gets crowded
• U.S. money funds add euro zone debt in August: JPMorgan
• Europe's new banking plan gets cool German response
• Expectations high for major Fed action Thursday
• AP IMPACT: Regulator barks, industry shudders
• US stocks rise after EU bailout hurdle cleared
• Common type of rail car has dangerous design flaw
• Gas prices hit $8 in NJ, Pa. in Lukoil protest
• McDonald's new menu item: Calorie counts
• US wholesale stockpiles up in July but sales fell
• Oil drops after supply report; gas up to $3.86
• Forecast points to solid holiday growth
• US poverty rate unchanged; record numbers persist
• Shares of Sears' new spinoff rise
• S.African stocks rise despite spreading mine labour strife
• Exclusive: KKR, Apollo, others mull KAR Auction buyout: sources
• Citigroup must pay investor $1.4 million for fund loss: panel
• GM's Opel to cut 1,000 German admin jobs: paper
• General Motors says China president to retire October 31
• U.S. money funds add euro zone debt in August: JPMorgan
• TSX flat as Federal Reserve meets
• Gas prices hit $8 in NJ, Pa. in Lukoil protest
• S.Sudan eyes oil production of 300,000 bpd by mid-2013
• Platinum at five-month high, South Africa mine unrest spreads
• Chesapeake Energy sells shale assets, pipelines for $6.9 billion
• Dollarama profit jumps 32 percent but shares fall
• Stocks give up gains as Fed meets
• More Fed monetary easing likely on Thursday: Reuters poll
• HarperCollins reaches deal to lower e-book prices
• Oil drops after supply report; gas up to $3.86
• Banks stocks lift Kenyan bourse, shilling steady
• Mozambique inflation slows to 1.4 pct in August
• McDonald's new menu item: Calorie counts

Stocks give up gains as Fed meets Posted: 12 Sep 2012 08:02 AM PDT NEW YORK (Reuters) - Stocks gave up early gains and the Nasdaq and the Dow industrials turned negative on Wednesday as investors were cautious at the start of the Federal Reserve's two-day policy meeting that could bring new measures to stimulate the economy. The Dow Jones industrial average dropped 0.94 points, or 0.01 percent, to 13,322.42. The Standard & Poor's 500 Index was up 0.15 points, or 0.01 percent, at 1,433.71. The Nasdaq Composite Index dropped 2.07 points, or 0.07 percent, to 3,102.45. (Reporting By Edward Krudy, editing by Dave Zimmerman)

German court removes hurdle to euro zone bailout fund Posted: 12 Sep 2012 07:37 AM PDT KARLSRUHE, Germany (Reuters) - Germany's Constitutional Court gave a green light on Wednesday for the country to ratify Europe's new bailout fund, boosting hopes that the single currency bloc is finally putting in place the tools to resolve its three-year old debt crisis. In an eagerly anticipated ruling that has had investors on tenterhooks for months, the court in the southern city of Karlsruhe insisted the German parliament be given veto rights over any increase in Berlin's contribution to the 700 billion euro European Stability Mechanism (ESM). ...

Economic data points to stronger start to third quarter growth Posted: 12 Sep 2012 07:31 AM PDT WASHINGTON (Reuters) - Wholesale inventories in July rose by the most in five months, beating forecasts in a sign economic growth started the third quarter on stronger footing than expected. A separate report on Wednesday showed import prices rose in August as the cost of imported oil jumped, a factor that could weigh on American consumers and temporarily boost inflation. Total wholesale inventories climbed 0.7 percent in July to $485.2 billion, the Commerce Department said. That was the biggest increase since February. Economists polled by Reuters had expected stocks of unsold goods at U.S. ...

More Fed monetary easing likely on Thursday: Reuters poll Posted: 12 Sep 2012 07:59 AM PDT NEW YORK (Reuters) - Odds are mounting that the Federal Reserve could take action as soon as Thursday to energize a U.S. economy that is struggling to gain momentum in the face of a lackluster labor market and uncertain fiscal policy, according to a Reuters poll. Economists lowered their forecasts for third-quarter growth to 1.7 percent at the same time as they ratcheted up the odds of a third round of bond buying from the Fed to 65 percent from the 60 percent chance that was seen as recently as August's poll. ...

Chesapeake Energy sells shale assets, pipelines for $6.9 billion Posted: 12 Sep 2012 08:06 AM PDT (Reuters) - Chesapeake Energy Corp is selling $6.9 billion of gas fields and pipelines in a move to repay part of the troubled company's massive debt load and to fund this year's operations. The company is selling most of its assets in the Permian Basin to Royal Dutch Shell Plc and Chevron Corp, and nearly all of its remaining infrastructure network. Chesapeake has been selling assets this year to meet an estimated $10 billion funding gap. It plans to use some of the proceeds from Wednesday's announcement to trim its $14.33 billion debt load by $4 billion. ...

Citigroup must pay investor $1.4 million for fund loss: panel Posted: 12 Sep 2012 08:42 AM PDT (Reuters) - A Citigroup Inc unit must pay more than $1.4 million to an investor for losses tied to a municipal bond that was marketed as "safe," but was steeped in risky derivative securities, according to an arbitration ruling. Margaret Hill of New York City had requested more than $3.5 million in damages for losses stemming from Citi's Rochester Municipal Fund, according to a Financial Industry Regulatory Authority arbitration award. ...

Exclusive: KKR, Apollo, others mull KAR Auction buyout: sources Posted: 12 Sep 2012 08:44 AM PDT NEW YORK (Reuters) - KKR & Co LP and Apollo Global Management LLC are among a handful of private equity firms considering a buyout of KAR Auction Services Inc, according to several people familiar with the matter, in a deal that could top $4 billion. Reuters first reported in August that the vehicle auction company, which has a market value of roughly $2.5 billion and debt of about $1.8 billion, has held exploratory talks with buyout firms about a potential leveraged buyout. ...

Apple's iPhone needs to dazzle as market gets crowded Posted: 12 Sep 2012 05:17 AM PDT SAN FRANCISCO (Reuters) - The new iPhone 5 has to be more than just another smartphone as it carries the weight of Apple Inc's future on its slim frame. Five years after the first iPhone upended the mobile industry, analysts say Apple is looking increasingly defensive as Samsung Electronics Co Ltd and other rivals have been first to market with phones that sport bigger screens or run on faster wireless networks. ...

U.S. money funds add euro zone debt in August: JPMorgan Posted: 12 Sep 2012 08:28 AM PDT NEW YORK (Reuters) - U.S. prime money market funds added to their holdings of euro zone bank debt in August with some reduced worries about contagion from the debt crisis in the euro zone, a report from JPMorgan Securities released on Wednesday showed. Prime money market funds added $16 billion to their euro zone debt holdings in August, according to the report. On a year-to-date basis, the funds' combined euro zone holdings rose by $29 billion. (Reporting by Chris Reese; Editing by Leslie Adler)

Europe's new banking plan gets cool German response Posted: 12 Sep 2012 06:27 AM PDT STRASBOURG, France (Reuters) - The European Commission unveiled sweeping plans for the European Central Bank to supervise all euro zone banks on Wednesday, though Germany immediately raised objections that the proposals risked overstretching the ECB. European Commission President Jose Manuel Barroso set out the proposals in a speech to the European Parliament, telling its members that giving the ECB responsibility for monitoring banks would be the first step towards creating a banking union for Europe. ...

Expectations high for major Fed action Thursday Posted: 12 Sep 2012 05:28 AM PDT If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy.

AP IMPACT: Regulator barks, industry shudders Posted: 12 Sep 2012 05:24 AM PDT The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

US stocks rise after EU bailout hurdle cleared Posted: 12 Sep 2012 07:30 AM PDT U.S. stocks edged up in early trading Wednesday, after Germany's high court cleared the way for the country to participate in a European rescue fund.

Common type of rail car has dangerous design flaw Posted: 12 Sep 2012 12:33 AM PDT For two decades, one of the most commonly used type of rail tanker has been allowed to haul hazardous liquids from coast to coast even though transportation officials were aware of a dangerous design flaw that almost guarantees the car will tear open in an accident, potentially spilling cargo that could catch fire, explode or contaminate the environment.

Gas prices hit $8 in NJ, Pa. in Lukoil protest Posted: 12 Sep 2012 08:23 AM PDT More than 50 Lukoil gas stations in New Jersey and Pennsylvania were jacking up prices to more than $8 a gallon Wednesday to protest what they say are unfair pricing practices by Lukoil North America that they say leave them at a competitive disadvantage.

McDonald's new menu item: Calorie counts Posted: 12 Sep 2012 07:43 AM PDT McDonald's restaurants across the country will soon get a new menu addition: The number of calories in the chain's burgers and fries.

US wholesale stockpiles up in July but sales fell Posted: 12 Sep 2012 07:39 AM PDT U.S. wholesalers increased their stockpiles in July from June, but sales fell for a third straight month. Declining sales could force companies to cut inventories in coming months, a troubling sign that economic growth could weaken.

Oil drops after supply report; gas up to $3.86 Posted: 12 Sep 2012 07:53 AM PDT The price of oil is falling after the government said U.S. supplies of oil rose last week.

Forecast points to solid holiday growth Posted: 12 Sep 2012 05:43 AM PDT After wrapping up a decent back-to-school shopping season, merchants are expected to see healthy sales gains for the critical winter holidays, though the pace should be slightly below last year, according to one of the first forecasts issued for the holiday sales season.

US poverty rate unchanged; record numbers persist Posted: 12 Sep 2012 07:25 AM PDT The Census Bureau reports the number of Americans in poverty stood at 15 percent in 2011.

Shares of Sears' new spinoff rise Posted: 12 Sep 2012 08:45 AM PDT Shares of Sears Holdings Corp.'s new spinoff of its Hometown and Outlet stores rose in the new company's trading debut Wednesday.

S.African stocks rise despite spreading mine labour strife Posted: 12 Sep 2012 08:45 AM PDT JOHANNESBURG (Reuters) - South African stocks rose on Wednesday despite spreading labour unrest in the mining sector which thumped shares of Anglo American Platinum, with the wider market pulled up on renewed hopes the euro zone can contains its debt crisis. Shares of world No. 1 platinum producer Amplats were hammered, falling 4.05 percent to 417.50 rand, after it was also caught up in the labour strife that has shut smaller rival Lonmin for 5 weeks amid violence that has killed 45 people so far. ...

Exclusive: KKR, Apollo, others mull KAR Auction buyout: sources Posted: 12 Sep 2012 08:44 AM PDT NEW YORK (Reuters) - KKR & Co LP and Apollo Global Management LLC are among a handful of private equity firms considering a buyout of KAR Auction Services Inc, according to several people familiar with the matter, in a deal that could top $4 billion. Reuters first reported in August that the vehicle auction company, which has a market value of roughly $2.5 billion and debt of about $1.8 billion, has held exploratory talks with buyout firms about a potential leveraged buyout. ...

Citigroup must pay investor $1.4 million for fund loss: panel Posted: 12 Sep 2012 08:42 AM PDT (Reuters) - A Citigroup Inc unit must pay more than $1.4 million to an investor for losses tied to a municipal bond that was marketed as "safe," but was steeped in risky derivative securities, according to an arbitration ruling. Margaret Hill of New York City had requested more than $3.5 million in damages for losses stemming from Citi's Rochester Municipal Fund, according to a Financial Industry Regulatory Authority arbitration award. ...

GM's Opel to cut 1,000 German admin jobs: paper Posted: 12 Sep 2012 08:33 AM PDT FRANKFURT (Reuters) - General Motors' ailing Opel business in Europe plans to thin its administrative ranks by 30 percent, or 1,000 jobs, in its Ruesselsheim headquarters in Germany, newspaper Frankfurter Allgemeine Zeitung reported on Wednesday citing two unnamed board members. The cuts would be made voluntarily, without resorting to compulsory layoffs, the paper added. Opel said in a statement that part of its 10-year plan "Drive Opel 2022" included reducing personnel costs, an issue for which it is currently in talks with labor leaders. ...

General Motors says China president to retire October 31 Posted: 12 Sep 2012 08:31 AM PDT (Reuters) - Kevin Wale will retire on October 31 as president of General Motors China, GM said Wednesday. His replacement is Bob Socia, GM's vice president of global purchasing and supply chain. Wale, a 37-year GM veteran, has headed the U.S. automaker's China operations since 2005. He is also chief country operations officer for India and ASEAN. During Wale's tenure, China overtook the United States as GM's and the world's biggest auto market. GM along with Volkswagen AG are the sales market leaders in China. ...

U.S. money funds add euro zone debt in August: JPMorgan Posted: 12 Sep 2012 08:28 AM PDT NEW YORK (Reuters) - U.S. prime money market funds added to their holdings of euro zone bank debt in August with some reduced worries about contagion from the debt crisis in the euro zone, a report from JPMorgan Securities released on Wednesday showed. Prime money market funds added $16 billion to their euro zone debt holdings in August, according to the report. On a year-to-date basis, the funds' combined euro zone holdings rose by $29 billion. (Reporting by Chris Reese; Editing by Leslie Adler)

TSX flat as Federal Reserve meets Posted: 12 Sep 2012 08:24 AM PDT TORONTO (Reuters) - Canada's main stock index was little changed on Wednesday, with investors shifting their focus from a positive German court ruling on the euro zone's new bailout fund to caution over the U.S. Federal Reserve's meeting. The Fed looks set to announce a third round of bond purchases after its meeting wraps up on Thursday, as it tries to drive borrowing costs even lower and breathe more life into an economy that is not growing quickly enough to reduce unemployment. ...

Gas prices hit $8 in NJ, Pa. in Lukoil protest Posted: 12 Sep 2012 08:23 AM PDT More than 50 Lukoil gas stations in New Jersey and Pennsylvania were jacking up prices to more than $8 a gallon Wednesday to protest what they say are unfair pricing practices by Lukoil North America that they say leave them at a competitive disadvantage.

S.Sudan eyes oil production of 300,000 bpd by mid-2013 Posted: 12 Sep 2012 08:23 AM PDT JUBA (Reuters) - South Sudan could produce at least 300,000 barrels per day of oil when it resumes full production, but that may take until mid-2013 because of damage caused during its border dispute with Sudan, an oil official said on Wednesday. The landlocked African nation, which seceded from Sudan over a year ago, shut down its oil output in January during its dispute with Khartoum over how much it should pay to export crude through pipelines in Sudanese territory to a Red Sea port. ...

Platinum at five-month high, South Africa mine unrest spreads Posted: 12 Sep 2012 08:09 AM PDT LONDON (Reuters) - Platinum was set for its biggest one-day rally in a month on Wednesday after the spread of labor unrest near the South African town of Rustenburg forced top producer Anglo American Platinum temporarily to halt its operations there. The gold price pared gains but held near its highest levels in six months ahead of the U.S. Federal Reserve's policy decision on Thursday and after Germany's constitutional court approved the country's participation in the permanent euro zone bailout fund, which boosted the euro against the dollar. ...

Chesapeake Energy sells shale assets, pipelines for $6.9 billion Posted: 12 Sep 2012 08:06 AM PDT (Reuters) - Chesapeake Energy Corp is selling $6.9 billion of gas fields and pipelines in a move to repay part of the troubled company's massive debt load and to fund this year's operations. The company is selling most of its assets in the Permian Basin to Royal Dutch Shell Plc and Chevron Corp, and nearly all of its remaining infrastructure network. Chesapeake has been selling assets this year to meet an estimated $10 billion funding gap. It plans to use some of the proceeds from Wednesday's announcement to trim its $14.33 billion debt load by $4 billion. ...

Dollarama profit jumps 32 percent but shares fall Posted: 12 Sep 2012 08:04 AM PDT (Reuters) - Canadian dollar-store operator Dollarama Inc reported a 32 percent jump in quarterly profit on Wednesday, but its shares slipped as the results were only slightly ahead of market expectations and investors may have hoped for more. Canaccord Genuity analyst Derek Dley said that given Dollarama's tendency to surpass expectations, investors may have anticipated a bigger earnings beat. "It does trade at a lofty multiple, but I think it's justified, given that, in my view, Dollarama offers the most visible growth pipeline in the consumer products space," he said. ...

Stocks give up gains as Fed meets Posted: 12 Sep 2012 08:02 AM PDT NEW YORK (Reuters) - Stocks gave up early gains and the Nasdaq and the Dow industrials turned negative on Wednesday as investors were cautious at the start of the Federal Reserve's two-day policy meeting that could bring new measures to stimulate the economy. The Dow Jones industrial average dropped 0.94 points, or 0.01 percent, to 13,322.42. The Standard & Poor's 500 Index was up 0.15 points, or 0.01 percent, at 1,433.71. The Nasdaq Composite Index dropped 2.07 points, or 0.07 percent, to 3,102.45. (Reporting By Edward Krudy, editing by Dave Zimmerman)

More Fed monetary easing likely on Thursday: Reuters poll Posted: 12 Sep 2012 07:59 AM PDT NEW YORK (Reuters) - Odds are mounting that the Federal Reserve could take action as soon as Thursday to energize a U.S. economy that is struggling to gain momentum in the face of a lackluster labor market and uncertain fiscal policy, according to a Reuters poll. Economists lowered their forecasts for third-quarter growth to 1.7 percent at the same time as they ratcheted up the odds of a third round of bond buying from the Fed to 65 percent from the 60 percent chance that was seen as recently as August's poll. ...

HarperCollins reaches deal to lower e-book prices Posted: 12 Sep 2012 07:56 AM PDT A new and uncertain era of e-book prices has begun.

Oil drops after supply report; gas up to $3.86 Posted: 12 Sep 2012 07:53 AM PDT The price of oil is falling after the government said U.S. supplies of oil rose last week.

Banks stocks lift Kenyan bourse, shilling steady Posted: 12 Sep 2012 07:50 AM PDT NAIROBI (Reuters) - Kenya's main share index climbed for a second session on Wednesday led up by banking shares as investors grew optimistic that credit demand will start to improve following a record rate cut last week, while the shilling held steady. Policymakers cut the central bank rate (CBR) by a record 350 basis points on September 5 to 13 percent, the second time it has eased this year, and is expected to improve credit access and support economic growth in the east Africa nation. The Nairobi Securities Exchange's NSE-20 share index rose 1 percent to 3,941. ...

Mozambique inflation slows to 1.4 pct in August Posted: 12 Sep 2012 07:48 AM PDT MAPUTO (Reuters) - Mozambique's inflation slowed to 1.41 percent year-on-year in August from 1.88 percent in July, its statistics agency said on Wednesday. On a month-on-month basis, the southern African nation registered deflation of 0.02 percent, from inflation of 0.03 percent in the previous month.

McDonald's new menu item: Calorie counts Posted: 12 Sep 2012 07:43 AM PDT McDonald's restaurants across the country will soon get a new menu addition: The number of calories in the chain's burgers and fries.

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