Saturday, September 22, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Stocks face earnings and data hurdles

Posted: 21 Sep 2012 06:02 PM PDT

Traders works on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks could struggle to stay close to nearly five-year highs next week as worries mount about third-quarter earnings and the market appears primed for a pullback from recent stimulus-driven gains. A bevy of economic reports, including durable goods orders, will grab attention, particularly after the Federal Reserve unveiled its plan on September 13 for a third round of aggressive stimulus to help revive the flagging U.S. economy. While the action ignited a rally in stocks, analysts have worried that it may suggest the U.S. economy is in worse shape than many had feared. ...


Apple seeks U.S. Samsung sales ban, $707 million more in damages

Posted: 22 Sep 2012 03:53 AM PDT

Passerby photographs Apple store logo with his Samsung Galaxy phone in central SydneySEOUL (Reuters) - Apple Inc has asked for a court order for a permanent U.S. sales ban on Samsung Electronics products alleged to have violated its patents along with additional damages of $707 million on top of the billion-dollar verdict won by the iPhone maker last month. Samsung has responded by asking for a new trial. The world's top two smartphone makers are locked in patent battles in 10 countries as they vie for top spot in the lucrative, fast-growing market. Apple scored a legal victory over Samsung in late August when a U.S. ...


Analysis: IPhone 5 defines Apple success, Tim Cook-style

Posted: 22 Sep 2012 06:02 AM PDT

An Apple employee hands out an iPhone 5 at an Apple Store in San FranciscoSAN FRANCISCO (Reuters) - Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing. The taller, thinner and lighter phone prompted a rush on Wall Street to raise price targets for Apple stock, but the optimism was not because of a big technological advance or design breakthrough; the "wow" factor that was the trademark of the late Apple co-founder Jobs was decidedly absent. ...


Japan government mulls Renesas rescue with Toyota, others: sources

Posted: 22 Sep 2012 02:41 AM PDT

A receptionist passes by a logo of Renesas Electronics Corp at the company's headquarters in TokyoTOKYO (Reuters) - A Japanese government fund is considering a bailout of Renesas Electronics as part of a consortium including Toyota Motor Corp, countering a 100 billion yen ($1.3 billion)bid for the chip maker by private equity firm KKR, two sources said on Saturday. The taxpayer-funded Innovation Network Corp's plan may include an offer of more than 150 billion yen in return for a controlling stake in Renesas, the two sources familiar with the discussion said on condition they not be identified. ...


Merkel, Hollande pledge to consult on EADS

Posted: 22 Sep 2012 08:30 AM PDT

LUDWIGSBURG, Germany (Reuters) - France and Germany pledged on Saturday to consult closely on plans by Airbus parent EADS and Britain's BAE Systems to forge a new aerospace and defense giant, but announced no joint decisions on the $45 billion merger plan. The tie-up would create the world's largest integrated defense and aerospace company with annual sales of $93 billion, but is fraught with national economic and security concerns. "We didn't make any decisions... ...

ECB may not supervise all banks: Merkel ally

Posted: 22 Sep 2012 04:15 AM PDT

BERLIN (Reuters) - A senior conservative ally of German Chancellor Angela Merkel has suggested the European Central Bank may not get new powers to supervise all of the euro zone's banks and said the existing European Banking Authority could be enhanced instead. The European Commission has proposed making the ECB the main supervisor for euro zone banks to prevent problems at lenders struggling with bad debts from sucking weak euro zone countries deeper into the debt crisis as they borrow to finance bailouts. ...

Volkswagen drops appeal in "GTi" dispute with Suzuki

Posted: 22 Sep 2012 06:28 AM PDT

FRANKFURT (Reuters) - Volkswagen has dropped its appeal of a court ruling in a brand infringement case against estranged partner Suzuki , a spokesman for the German carmaker said on Saturday, confirming an earlier report. In 2004, Volkswagen contested an application granted to Suzuki allowing the Japanese company to use the vehicle nameplate "SWIFT GTi" as a trademark for a derivative of its small car. ...

GM opens China test track in effort to remain market leader

Posted: 22 Sep 2012 07:52 AM PDT

DETROIT (Reuters) - General Motors Co opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world's largest auto market. The No. 1 U.S. automaker and its joint venture partners, including SAIC Motor , invested about $252.5 million to build what GM China President Kevin Wale called the country's largest proving ground. ...

Wireless carriers hope to temper iPhone 5 margin pain

Posted: 22 Sep 2012 04:01 AM PDT

An iPhone5 is displayed at an Apple Store in San FranciscoNEW YORK/SINGAPORE (Reuters) - For mobile service providers like AT&T Inc, it's not enough that consumers came out in droves to buy the newest iPhone from Apple Inc. They need people to dig more deeply into their wallets each month to pay for data services, such as mobile video, to cushion the impact of the iPhone's steep price tag on the carriers' bottom lines. Wireless service operators typically subsidize the cost of smartphones, offering discounts to consumers to lock them into two-year service contracts. ...


Unproductive Congress skips town until November

Posted: 22 Sep 2012 03:11 AM PDT

Speaker of the House John Boehner, R-Ohio, meets with reporters as Congress prepares to shut down until after the elections in November, on Capitol Hill in Washington, Friday, Sept. 21, 2012. (AP Photo/J. Scott Applewhite)The most partisan, least productive Congress in memory has skipped out of Washington so lawmakers can make their case for voters to re-elect them.


Romney gives Dem support for tax deductions claim

Posted: 22 Sep 2012 07:20 AM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets supporters after speaking at a rally Friday, Sept. 21, 2012, in Las Vegas. Romney campaigned in Nevada as aides released a 2011 federal income tax return showing he and his wife, Ann, paid $1.94 million in federal taxes last year on income of $13.7 million. (AP Photo/Julie Jacobson)Mitt Romney has given Democrats plenty of support for their claim he manipulated his deductions to keep his overall 2011 federal income tax rate above a certain threshold for political purposes.


Facebook party turns to rioting in Netherlands

Posted: 22 Sep 2012 05:05 AM PDT

Thousands of revelers descended on a small Dutch town sparking a riot after a party invitation posted on Facebook went viral, authorities said Saturday.

Qatar backs investment in major Egypt refinery

Posted: 22 Sep 2012 02:27 AM PDT

Qatar says it will make critical investments in a $3.7 billion oil refinery project in Egypt that's among the biggest economic initiatives since the 2011 fall of Hosni Mubarak.

Argentines enjoy nearly the most paid holidays

Posted: 21 Sep 2012 11:41 PM PDT

Tourists play on a mountain in San Carlos de Bariloche, Argentina, Friday, Sept. 21, 2012. Thousands of Argentines began enjoying Friday to make the most of the long weekend, which lawmakers approved just three weeks ago. Monday's Sept. 24th holiday makes for a total of 19 national paid holidays this year. Only Colombia comes close in Latin America, with 18. (AP Photo/Natacha Pisarenko)Oh, how lovely it is this weekend to be Argentine — able to take a mini-vacation to the mountains or the sea, or simply relax at home for three days, blissfully enjoying yet another new government benefit: More paid national holidays this year than nearly every other country in the world.


BlackBerry outage in Europe and Africa

Posted: 21 Sep 2012 01:53 PM PDT

FILE - In a Thursday June 21, 2012 file photo, Tim Neil, Research In Motion Ltd.'s Canadian Operating Director of Operations, Platforms and Tools, speaks about the Blackberry 10 architecture during the RIM Blackberry 10 Jam World Tour in Toronto. Struggling BlackBerry-maker Research in Motion said Friday, Sept. 21, 2012 it resolved an outage affecting users in Europe, Middle East and Africa that had interrupted service for customers on the very day Apple Inc. unveiled its new iPhone 5. Jefferies analyst Peter Misek said he thinks the transition to the BlackBerry 10 software intended to run their new line of smartphones, could be a cause of the outage. (AP Photo/The Canadian Press, Aaron Vincent Elkaim, File)The chief executive of struggling BlackBerry-maker Research In Motion apologized Friday after an outage in Europe and Africa interrupted service for customers on the very day Apple Inc. released its new iPhone 5.


South Korea suspends bidding for US rice imports

Posted: 21 Sep 2012 08:56 PM PDT

FILE - In this file photo taken Sept. 22, 2011, rice grows in a field near Alicia, Ark. Consumer groups are pressuring the U.S. Food and Drug Administration to set federal guidance on allowable levels of arsenic in rice, prompting the agency to consider possible new standards. (AP Photo/Danny Johnston, File)South Korea has suspended bidding for U.S. rice imports after the U.S. Food and Drug Administration and Consumer Reports magazine found elevated levels of arsenic in rice.


Stocks slip in late trading, after long Fed rally

Posted: 21 Sep 2012 02:06 PM PDT

Trader Peter Mancuso, right, works on the floor of the New York Stock Exchange Thursday, Sept. 20, 2012. A batch of worrying economic figures tugged stock markets slightly lower Thursday. Measures of manufacturing and business activity in both China and Europe slumped. (AP Photo/Richard Drew)The market took a recess Friday from the Fed rally.


Venezuela, China sign deal to develop gold mine

Posted: 21 Sep 2012 04:27 PM PDT

Chinese and Venezuelan officials signed an agreement Friday to jointly develop one of the world's largest gold mines.

Merkel, Hollande pledge to consult on EADS

Posted: 22 Sep 2012 08:30 AM PDT

LUDWIGSBURG, Germany (Reuters) - France and Germany pledged on Saturday to consult closely on plans by Airbus parent EADS and Britain's BAE Systems to forge a new aerospace and defense giant, but announced no joint decisions on the $45 billion merger plan. The tie-up would create the world's largest integrated defense and aerospace company with annual sales of $93 billion, but is fraught with national economic and security concerns. "We didn't make any decisions... ...

Ivory Coast to scrap grinding subsidy, lift transport support

Posted: 22 Sep 2012 08:29 AM PDT

ABIDJAN (Reuters) - Ivory Coast will abolish a 20-year-old tax break given to local cocoa grinders when the 2012/13 season starts on October 1, an official with the top grower's marketing board told Reuters on Saturday, in a victory for exporters who don't grind locally. The move was announced at a board meeting of the Coffee and Cocoa Council (CCC) late on Friday during which the body also decided to increase a key transportation-reimbursement allowance at the heart of a row threatening reform of the sector. ...

The 5 top-selling electric cars in the US

Posted: 22 Sep 2012 08:23 AM PDT

Americans have been slow to adopt electric cars. Here are the five top sellers in the U.S. this year, with sales listed through August.

Justice Dept to highlight investment fraud scams

Posted: 22 Sep 2012 08:14 AM PDT

With investment fraud cases piling up in the weak economy, the U.S. Justice Department is holding summits around the nation to warn investors about the scams, which are often carried out by people with personal ties to the victims.

GM opens China test track in effort to remain market leader

Posted: 22 Sep 2012 07:52 AM PDT

DETROIT (Reuters) - General Motors Co opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world's largest auto market. The No. 1 U.S. automaker and its joint venture partners, including SAIC Motor , invested about $252.5 million to build what GM China President Kevin Wale called the country's largest proving ground. ...

Romney gives Dem support for tax deductions claim

Posted: 22 Sep 2012 07:20 AM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets supporters after speaking at a rally Friday, Sept. 21, 2012, in Las Vegas. Romney campaigned in Nevada as aides released a 2011 federal income tax return showing he and his wife, Ann, paid $1.94 million in federal taxes last year on income of $13.7 million. (AP Photo/Julie Jacobson)Mitt Romney has given Democrats plenty of support for their claim he manipulated his deductions to keep his overall 2011 federal income tax rate above a certain threshold for political purposes.


Volkswagen drops appeal in "GTi" dispute with Suzuki

Posted: 22 Sep 2012 06:28 AM PDT

FRANKFURT (Reuters) - Volkswagen has dropped its appeal of a court ruling in a brand infringement case against estranged partner Suzuki , a spokesman for the German carmaker said on Saturday, confirming an earlier report. In 2004, Volkswagen contested an application granted to Suzuki allowing the Japanese company to use the vehicle nameplate "SWIFT GTi" as a trademark for a derivative of its small car. ...

GM offers big discounts to boost Volt sales

Posted: 22 Sep 2012 06:22 AM PDT

FILE - This Feb. 19, 2012 file photo, shows a 2012 Chevrolet Volt at a Chevrolet dealership in the south Denver suburb of Englewood, Colo. Sales of the Volt set a monthly record of 2,800 in August, mostly because of steep discounts. (AP Photo/David Zalubowski, File)General Motors rolled out the Chevrolet Volt two years ago with lofty sales goals and the promise of a new technology that someday would help end America's dependence on oil.


Analysis: IPhone 5 defines Apple success, Tim Cook-style

Posted: 22 Sep 2012 06:02 AM PDT

An Apple employee hands out an iPhone 5 at an Apple Store in San FranciscoSAN FRANCISCO (Reuters) - Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing. The taller, thinner and lighter phone prompted a rush on Wall Street to raise price targets for Apple stock, but the optimism was not because of a big technological advance or design breakthrough; the "wow" factor that was the trademark of the late Apple co-founder Jobs was decidedly absent. ...


Facebook party turns to rioting in Netherlands

Posted: 22 Sep 2012 05:05 AM PDT

Thousands of revelers descended on a small Dutch town sparking a riot after a party invitation posted on Facebook went viral, authorities said Saturday.

Niger government adopts $2.53 bln budget for 2013

Posted: 22 Sep 2012 04:20 AM PDT

Niger's President Mahamadou Issoufou addresses the 66th United Nations General Assembly at U.N. headquarters, in New YorkNIAMEY (Reuters) - Niger's government has adopted a zero-deficit budget of 1.279 trillion CFA francs for 2013, about 11 percent lower than the previous year, a statement on national television said. The government said the budget, adopted on Friday, will focus on boosting growth and ensuring security in West African state just south of the Sahara. Niger is struggling to overcome food shortages caused by poor rains, and growing threats from Islamic militants who have seized the north of neighbouring Mali. ...


ECB may not supervise all banks: Merkel ally

Posted: 22 Sep 2012 04:15 AM PDT

BERLIN (Reuters) - A senior conservative ally of German Chancellor Angela Merkel has suggested the European Central Bank may not get new powers to supervise all of the euro zone's banks and said the existing European Banking Authority could be enhanced instead. The European Commission has proposed making the ECB the main supervisor for euro zone banks to prevent problems at lenders struggling with bad debts from sucking weak euro zone countries deeper into the debt crisis as they borrow to finance bailouts. ...

Wireless carriers hope to temper iPhone 5 margin pain

Posted: 22 Sep 2012 04:01 AM PDT

An iPhone5 is displayed at an Apple Store in San FranciscoNEW YORK/SINGAPORE (Reuters) - For mobile service providers like AT&T Inc, it's not enough that consumers came out in droves to buy the newest iPhone from Apple Inc. They need people to dig more deeply into their wallets each month to pay for data services, such as mobile video, to cushion the impact of the iPhone's steep price tag on the carriers' bottom lines. Wireless service operators typically subsidize the cost of smartphones, offering discounts to consumers to lock them into two-year service contracts. ...


European Commission faces legal action over sugar rules

Posted: 22 Sep 2012 03:54 AM PDT

BRUSSELS (Reuters) - Tate & Lyle Sugars is taking legal action against the European Commission, claiming damages for what it called the mismanagement of the European Union's sugar market, in the third such case since 2011. Sugar remains one of the most heavily regulated commodities in the European Union, with domestic sugar beet growers benefiting from national production quotas and fixed prices that are overseen by the EU's executive. ...

Apple seeks U.S. Samsung sales ban, $707 million more in damages

Posted: 22 Sep 2012 03:53 AM PDT

Passerby photographs Apple store logo with his Samsung Galaxy phone in central SydneySEOUL (Reuters) - Apple Inc has asked for a court order for a permanent U.S. sales ban on Samsung Electronics products alleged to have violated its patents along with additional damages of $707 million on top of the billion-dollar verdict won by the iPhone maker last month. Samsung has responded by asking for a new trial. The world's top two smartphone makers are locked in patent battles in 10 countries as they vie for top spot in the lucrative, fast-growing market. Apple scored a legal victory over Samsung in late August when a U.S. ...


Democrats: Political slant marks Romney tax return

Posted: 22 Sep 2012 02:44 AM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets supporters after speaking at a rally Friday, Sept. 21, 2012, in Las Vegas. Romney campaigned in Nevada as aides released a 2011 federal income tax return showing he and his wife, Ann, paid $1.94 million in federal taxes last year on income of $13.7 million. (AP Photo/Julie Jacobson)Democrats say Mitt Romney manipulated his deductions to keep his overall 2011 federal income tax rate below a certain level for political purposes. The Republican presidential nominee is certain to face new questions about his finances.


Japan government mulls Renesas rescue with Toyota, others: sources

Posted: 22 Sep 2012 02:41 AM PDT

A receptionist passes by a logo of Renesas Electronics Corp at the company's headquarters in TokyoTOKYO (Reuters) - A Japanese government fund is considering a bailout of Renesas Electronics as part of a consortium including Toyota Motor Corp, countering a 100 billion yen ($1.3 billion)bid for the chip maker by private equity firm KKR, two sources said on Saturday. The taxpayer-funded Innovation Network Corp's plan may include an offer of more than 150 billion yen in return for a controlling stake in Renesas, the two sources familiar with the discussion said on condition they not be identified. ...


Gold Fields says KDC West strike to end on Tuesday

Posted: 22 Sep 2012 02:27 AM PDT

Mine workers take part in a march at Lonmin's Marikana mine in South Africa's North West ProvinceJOHANNESBURG (Reuters) - World No. 4 bullion producer Gold Fields said on Friday an illegal strike that had halted operations for more than a week at its KDC West operation in South Africa would end on Tuesday. "We have just had a word from the National Union of Mineworkers leadership that they had reached agreement with the striking workers at KDC West to return to work at the end of the long weekend with the start of the morning shift on Tuesday," spokesman Willie Jacobsz told Reuters. He provided no further details. South Africa celebrates a national holiday on Monday.


Qatar backs investment in major Egypt refinery

Posted: 22 Sep 2012 02:27 AM PDT

Qatar says it will make critical investments in a $3.7 billion oil refinery project in Egypt that's among the biggest economic initiatives since the 2011 fall of Hosni Mubarak.

Wall St ends flat despite Spain hope, S&P off for week

Posted: 22 Sep 2012 01:53 AM PDT

Traders work on the floor of the New York Stock Exchange following the Supreme Court's decision on health careNEW YORK (Reuters) - U.S. stocks closed flat on Friday even though investors welcomed Spain's efforts to seek a bailout and cheered Apple's newest iPhone that went on sale today, driving its shares to a record high. Apple Inc, the world's most valuable public company in terms of market capitalization, jumped to an all-time high of $705.07 as customers lined up to buy the iPhone 5. Apple's stock ended up 0.2 percent at $700.10. ...


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