Yahoo! News: Health News

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• Credit Suisse, UBS could cut a total 7,000 jobs: paper
• Analysis: Yahoo CEO's comeback plan homes in on technology, not media
• Democratic donors energize "Super PACs" as election nears
• Analysis : Canada takes hard line on natural resources, no matter the cost
• German Finance Ministry mulls debt buy-back for Greece-report
• Europe and China don't need a trade war: EU trade chief
• BP, Rosneft set for $25 billion-plus TNK-BP deal
• As Iraq, Afghan wars end, private security firms adapt
• BP backs deal to swap TNK-BP for Rosneft stake
• China's new leaders face tough economic choices
• BMW to build plant in Brazil
• Thefts of cell phones rise rapidly nationwide
• Box-office activity slows for 'Paranormal' part 4
• BP backs deal to swap TNK-BP for Rosneft stake
• BP board backs $27 billion sale of TNK-BP stake to Rosneft: FT
• Box-office activity slows for 'Paranormal' part 4
• Spain holds elections in Galicia, Basque region
• Psst, taxes go up in 2013 for 163 million workers
• Analysis: Yahoo CEO's comeback plan homes in on technology, not media
• From words to deeds: Why election matters
• Egypt studying joint bourse trading with Turkey
• Credit Suisse, UBS could cut a total 7,000 jobs: paper
• German Finance Ministry mulls debt buy-back for Greece-report
• China's new leaders face tough economic choices
• Orascom deepens business links with parent Vimpelcom
• Europe and China don't need a trade war: EU trade chief
• Factbox: Spending, fundraising in the presidential race
• As Iraq, Afghan wars end, private security firms adapt
• Factbox: The wealthy behind the presidential race
• Democratic donors energize "Super PACs" as election nears
• TransCanada aims to restart Keystone oil line Sunday
• ECB's Knot backs German call for EU budget commissioner

Credit Suisse, UBS could cut a total 7,000 jobs: paper Posted: 21 Oct 2012 05:41 AM PDT ZURICH (Reuters) - UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Der Sonntag newspaper reported. UBS plans to shed 900 jobs in information technology, alongside a further 2,000-4,000 layoffs in its investment bank and other central functions, the paper said. A spokesman for UBS, scheduled to report third-quarter earnings on October 30, would not comment on the report. ...

Analysis: Yahoo CEO's comeback plan homes in on technology, not media Posted: 21 Oct 2012 07:25 AM PDT SAN FRANCISCO (Reuters) - Marissa Mayer, who earned a reputation for decisive action and intensity during her 13-year stint at Google Inc, has spent her first months as Yahoo Inc CEO quietly moving the Internet pioneer back to its roots in technology. Long torn between whether it should focus on media content or on tools and technologies, Yahoo under Mayer is being positioned firmly in the latter camp, according to sources inside and outside the company. ...

Democratic donors energize "Super PACs" as election nears Posted: 20 Oct 2012 08:53 PM PDT WASHINGTON (Reuters) - Democratic donors gave unprecedented amounts of money in September to their party's three main "Super PACs," federal disclosures revealed on Friday, a reflection of how wealthy Democrats' reluctance to give to such groups has faded in the weeks before the November 6 election. A fundraising laggard for much of the campaign, the political action committee (PAC) backing President Barack Obama raised more than a rival group backing Republican Mitt Romney, the second consecutive month the Democratic group has done so. The pro-Obama group Priorities USA Action raised $15. ...

Analysis : Canada takes hard line on natural resources, no matter the cost Posted: 20 Oct 2012 02:45 PM PDT OTTAWA (Reuters) - Canada signaled a tough line on control of its natural resources with its surprise rejection of a Malaysian bid for gas company Progress Energy Resources Corp., putting concerns about state-owned firms above fears of damaging an already dented international reputation. In a ruling with huge repercussions for CNOOC Ltd's proposed $15.1 billion takeover of Nexen Inc, Industry Minister Christian Paradis said the C$5.2 billion ($5.3 billion) bid by Petronas would not be of "net benefit" to Canada. ...

German Finance Ministry mulls debt buy-back for Greece-report Posted: 21 Oct 2012 03:47 AM PDT BERLIN (Reuters) - Germany's Finance Ministry is considering a debt buy-back as a possible way of reducing Greece's huge debt pile which threatens to rise well above a target level of 120 percent of GDP by 2020, according to German news magazine Spiegel. The Greek government could borrow money from the euro zone's permanent bailout fund and use this to buy back its own debt, which at present trades at around 25 percent of its face value. Buying just 10 million euros worth of Greek bonds could reduce the debt mountain by 40 million, Spiegel said. ...

Europe and China don't need a trade war: EU trade chief Posted: 21 Oct 2012 01:47 AM PDT BRUSSELS (Reuters) - The European Union will not back down from protecting its industries against Chinese competition it sees as unfair, but mutual self-interest will prevent a damaging trade war, the EU's trade chief Karel De Gucht said. Disputes with Beijing have taken on a bigger scale in recent months and Brussels brought its biggest ever trade case against Beijing in September after European companies accused China of dumping solar panels in Europe. ...

BP, Rosneft set for $25 billion-plus TNK-BP deal Posted: 20 Oct 2012 04:02 PM PDT LONDON/MOSCOW (Reuters) - Rosneft and BP are preparing to announce a deal worth over $25 billion that could give the British oil company a stake of between 16 and 20 percent in the state-controlled Russian energy firm, sources familiar with the situation said. The agreement, which has yet to be finalized but which could be made public on Monday or Tuesday, folds BP's half of TNK-BP , Russia's third-largest oil company, into Rosneft, in exchange for cash and Rosneft stock. ...

As Iraq, Afghan wars end, private security firms adapt Posted: 20 Oct 2012 10:24 PM PDT WASHINGTON (Reuters) - On a rooftop terrace blocks from the White House, a collection of former soldiers and intelligence officers, executives and contractors drink to the international private security industry. The past decade - particularly the U.S.-led wars in Iraq and Afghanistan - provided rich pickings for firms providing private armed guards, drivers and other services that would once have been performed by uniformed soldiers. But as the conflicts that helped create the modern industry wind down, firms are having to adapt to survive. ...

BP backs deal to swap TNK-BP for Rosneft stake Posted: 21 Oct 2012 09:12 AM PDT A person familiar with the matter says that the board of U.K. energy company BP PLC has struck a deal to swap its profitable but troublesome Russian oil venture TNK-BP for a big stake in Rosneft, the Kremlin-controlled energy company.

China's new leaders face tough economic choices Posted: 21 Oct 2012 02:41 AM PDT China's economic model that delivered three decades of double-digit growth is running out of steam and the country's next leaders face tough choices to keep incomes rising. But they don't seem to have ambitious solutions. Even if they do, they will need to tackle entrenched interests with backing high in the Communist Party.

BMW to build plant in Brazil Posted: 20 Oct 2012 11:40 AM PDT Officials say German automaker BMW AG will build a factory in southern Brazil.

Thefts of cell phones rise rapidly nationwide Posted: 20 Oct 2012 01:04 PM PDT In this tech-savvy city teeming with commuters and tourists, the cell phone has become a top target of robbers who use stealth, force and sometimes guns.

Box-office activity slows for 'Paranormal' part 4 Posted: 21 Oct 2012 08:53 AM PDT Scary movie fans are still into "Paranormal Activity," though the horror franchise looks as though it's starting to run out of steam at the box office.

BP backs deal to swap TNK-BP for Rosneft stake Posted: 21 Oct 2012 09:12 AM PDT A person familiar with the matter says that the board of U.K. energy company BP PLC has struck a deal to swap its profitable but troublesome Russian oil venture TNK-BP for a big stake in Rosneft, the Kremlin-controlled energy company.

BP board backs $27 billion sale of TNK-BP stake to Rosneft: FT Posted: 21 Oct 2012 09:09 AM PDT NEW YORK (Reuters) - The board of BP gave "strong support" to a deal that would sell its stake in TNK-BP to Russian state oil company Rosneft in a transaction worth $27 billion, The Financial Times reported on its website on Sunday, citing a source familiar with the matter. The source said under the deal, BP would sell its 50 percent stake in TNK-BP, Russia's third-largest oil company, for a combination of cash and shares. The source also said BP will receive $11 billion to $13 billion in cash and a stake of between 15 percent and 20 percent in Rosneft, valued at $11 billion to $14. ...

Box-office activity slows for 'Paranormal' part 4 Posted: 21 Oct 2012 08:53 AM PDT Scary movie fans are still into "Paranormal Activity," though the horror franchise looks as though it's starting to run out of steam at the box office.

Spain holds elections in Galicia, Basque region Posted: 21 Oct 2012 08:36 AM PDT Two northern regions in Spain are holding elections for their legislatures Sunday in the first popular test of the central government's stringent austerity policies since it came to power late last year.

Psst, taxes go up in 2013 for 163 million workers Posted: 21 Oct 2012 08:32 AM PDT President Barack Obama isn't talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel the pinch of a big tax increase regardless of who wins the election.

Analysis: Yahoo CEO's comeback plan homes in on technology, not media Posted: 21 Oct 2012 07:25 AM PDT SAN FRANCISCO (Reuters) - Marissa Mayer, who earned a reputation for decisive action and intensity during her 13-year stint at Google Inc, has spent her first months as Yahoo Inc CEO quietly moving the Internet pioneer back to its roots in technology. Long torn between whether it should focus on media content or on tools and technologies, Yahoo under Mayer is being positioned firmly in the latter camp, according to sources inside and outside the company. ...

From words to deeds: Why election matters Posted: 21 Oct 2012 06:41 AM PDT When you vote for Democrat Barack Obama or Republican Mitt Romney in November, you'll be voting for more than a president. You'll be casting a ballot for and against a checklist of policies that touch your life and shape the country you live in.

Egypt studying joint bourse trading with Turkey Posted: 21 Oct 2012 06:35 AM PDT CAIRO (Reuters) - Egypt's bourse is studying an alliance with the Istanbul Stock Exchange that would allow investors in the two countries to trade on each other's markets. "A delegation from the Istanbul Stock Exchange will visit Egypt in December ... to discuss the means of joint trading between the Egyptian bourse and the Istanbul bourse," Mohamed Omran, the Egyptian exchange's chairman, told Reuters on Sunday. ...

Credit Suisse, UBS could cut a total 7,000 jobs: paper Posted: 21 Oct 2012 05:41 AM PDT ZURICH (Reuters) - UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Der Sonntag newspaper reported. UBS plans to shed 900 jobs in information technology, alongside a further 2,000-4,000 layoffs in its investment bank and other central functions, the paper said. A spokesman for UBS, scheduled to report third-quarter earnings on October 30, would not comment on the report. ...

German Finance Ministry mulls debt buy-back for Greece-report Posted: 21 Oct 2012 03:47 AM PDT BERLIN (Reuters) - Germany's Finance Ministry is considering a debt buy-back as a possible way of reducing Greece's huge debt pile which threatens to rise well above a target level of 120 percent of GDP by 2020, according to German news magazine Spiegel. The Greek government could borrow money from the euro zone's permanent bailout fund and use this to buy back its own debt, which at present trades at around 25 percent of its face value. Buying just 10 million euros worth of Greek bonds could reduce the debt mountain by 40 million, Spiegel said. ...

China's new leaders face tough economic choices Posted: 21 Oct 2012 02:41 AM PDT China's economic model that delivered three decades of double-digit growth is running out of steam and the country's next leaders face tough choices to keep incomes rising. But they don't seem to have ambitious solutions. Even if they do, they will need to tackle entrenched interests with backing high in the Communist Party.

Orascom deepens business links with parent Vimpelcom Posted: 21 Oct 2012 01:48 AM PDT CAIRO (Reuters) - Egypt's Orascom Telecom Holding and its Russian parent Vimpelcom have agreed to provide one another with technical and commercial services to improve the efficiency of their businesses, Orascom said on Sunday. Orascom said it was changing its name to Global Telecom Holding SAE after Vimpelcom took control of the Egyptian company last year in a deal worth around $6 billion. It also said it planned to take control of Canada's Globalive Investment Holding Corp. after changes to Canada's foreign ownership laws. ...

Europe and China don't need a trade war: EU trade chief Posted: 21 Oct 2012 01:47 AM PDT BRUSSELS (Reuters) - The European Union will not back down from protecting its industries against Chinese competition it sees as unfair, but mutual self-interest will prevent a damaging trade war, the EU's trade chief Karel De Gucht said. Disputes with Beijing have taken on a bigger scale in recent months and Brussels brought its biggest ever trade case against Beijing in September after European companies accused China of dumping solar panels in Europe. ...

Factbox: Spending, fundraising in the presidential race Posted: 20 Oct 2012 10:30 PM PDT (Reuters) - The presidential campaigns and "Super PACs" filed their financial reports for this week showing how much they raised and spent this campaign season, as of September 30. The Federal Election Commission filings also offer a snapshot of who has been donating how much to the "super" political action committees, which operate independently from campaigns and can raise unlimited amounts from individuals, corporations and unions. ...

As Iraq, Afghan wars end, private security firms adapt Posted: 20 Oct 2012 10:24 PM PDT WASHINGTON (Reuters) - On a rooftop terrace blocks from the White House, a collection of former soldiers and intelligence officers, executives and contractors drink to the international private security industry. The past decade - particularly the U.S.-led wars in Iraq and Afghanistan - provided rich pickings for firms providing private armed guards, drivers and other services that would once have been performed by uniformed soldiers. But as the conflicts that helped create the modern industry wind down, firms are having to adapt to survive. ...

Factbox: The wealthy behind the presidential race Posted: 20 Oct 2012 09:25 PM PDT (Reuters) - Individual donors to presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election. But independent groups called Super PACs have no limits on what they can raise from individuals, corporations or labor unions. Here is a look at wealthy individuals who have contributed at least $1 million to the major "super" political action committees as disclosed to the Federal Election Commission. RESTORE OUR FUTURE Total raised as of September 30: $110. ...

Democratic donors energize "Super PACs" as election nears Posted: 20 Oct 2012 08:53 PM PDT WASHINGTON (Reuters) - Democratic donors gave unprecedented amounts of money in September to their party's three main "Super PACs," federal disclosures revealed on Friday, a reflection of how wealthy Democrats' reluctance to give to such groups has faded in the weeks before the November 6 election. A fundraising laggard for much of the campaign, the political action committee (PAC) backing President Barack Obama raised more than a rival group backing Republican Mitt Romney, the second consecutive month the Democratic group has done so. The pro-Obama group Priorities USA Action raised $15. ...

TransCanada aims to restart Keystone oil line Sunday Posted: 20 Oct 2012 05:29 PM PDT CALGARY, Alberta (Reuters) - TransCanada Corp expects to restart its major crude oil pipeline to the United States from Canada on Sunday after inspecting a section of the line for a possible defect, a company spokesman said. TransCanada, the country's largest pipeline company, shut down the 590,000-barrel-a-day Keystone oil pipeline late on Wednesday after an in-line inspection tool detected what it referred to as a "small anomaly" on the pipe. The outage pushed up U.S. oil prices on Thursday. Keystone had initially been expected to be down three days. ...

ECB's Knot backs German call for EU budget commissioner Posted: 20 Oct 2012 05:05 PM PDT BERLIN (Reuters) - European Central Bank policymaker Klaas Knot has thrown his support behind German finance minister Wolfgang Schaeuble's call for a euro zone commissioner with power over European Union nations' budgets. The EU needs not only stricter budget discipline but also stronger debt controls, Knot, who heads the Dutch Central Bank, told German newspaper Welt am Sonntag in an interview published on Sunday. "I welcome the idea ... if we can manage to keep a better eye on these aims it would represent huge progress. It is worth thinking about Wolfgang Schaeuble's idea carefully. ...

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