Wednesday, October 3, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street gains on signs of economic growth

Posted: 03 Oct 2012 09:02 AM PDT

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks rose on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. Data showed growth in the U.S. services sector picked up in September, defying economists' expectations for a slight decrease, while the private sector added more jobs last month than forecast. The data comes ahead of the closely watched monthly U.S. non-farm payrolls report on Friday. ...

U.S. companies add jobs in September, service sector expands

Posted: 03 Oct 2012 07:53 AM PDT

Farm workers pick strawberries at a farm in CardiffNEW YORK (Reuters) - U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth. The ADP National Employment Report showed private employers added 162,000 jobs in September. While the gain topped economists' expectations, it was still fewer than the 189,000 new hires seen in August. Separate data showed the Institute for Supply Management's purchasing managers index for the service sector rose to its highest level since March at 55.1 from 53.7 as new orders accelerated. ...

Deutsche Telekom, MetroPCS to merge U.S. mobile businesses

Posted: 03 Oct 2012 08:38 AM PDT

File photo of signage for a T-Mobile store pictured in downtown Los AngelesFRANKFURT/NEW YORK (Reuters) - Deutsche Telekom and MetroPCS said they will merge their U.S. mobile operations to create a larger fourth-place player better able to compete with rivals. The boards of both companies voted on Wednesday to approve the deal, which will see Deutsche Telekom hold 74 percent and MetroPCS 26 percent in the combined entity. The merger marks a long-awaited consolidation in the U.S. mobile market, in which the fourth-largest mobile carrier Deutsche Telekom's T-Mobile aims to get the scale it needs to compete with AT&T and Verizon . Last year, U.S. ...

Woes deepen in Europe and China; U.S. the bright spot

Posted: 03 Oct 2012 08:26 AM PDT

Migrant labourers work at a construction site in PinghuLONDON/NEW YORK (Reuters) - The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs. Purchasing managers indexes (PMIs) suggested the aggressive actions taken by the world's central banks over the last two months have yet to convince consumers to start spending again. The chances have dwindled of the euro zone in particular seeing growth again before next year. ...

EU to decide on Glencore-Xstrata deal by November 8

Posted: 03 Oct 2012 08:14 AM PDT

File photo of company logos of Glencore and XstrataBRUSSELS/LONDON (Reuters) - EU antitrust regulators have set a November 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe. The European Commission said on its website on Wednesday that it had received the notification from Glencore, filed on Tuesday, setting the clock ticking for the regulator. ...

UK group demands all BAE shareholders get merger vote

Posted: 03 Oct 2012 08:34 AM PDT

BAE Systems employees walk together at Roysth naval yard in Rosyth, ScotlandLONDON (Reuters) - The UK Shareholders' Association said on Wednesday it had written to the chairman of BAE Systems and the UK Takeover Panel to insist those who own shares in the British defense company via nominee accounts be allowed to vote on a mooted $45 billion merger with Airbus parent EADS . "The outcome could be decided by holders of less than 15 percent of the shares, because as many as 86.5 percent of the shares are held in nominee accounts, a substantial number of which will be for private individuals," the UKSA said. ...

3M restructures divisions, announces executive changes

Posted: 03 Oct 2012 06:44 AM PDT

(Reuters) - 3M Co said Wednesday it had restructured its operations into five major divisions, down from six, and set up new roles for some of its senior executives. The company, which said Monday it was buying Ceradyne Inc in its biggest deal since naming a new chief executive officer in February, will now comprise of consumer, industrial, health care, safety and graphics, and electronics and energy divisions. The new structure is effective immediately, with segment reporting under the new organization effective January 1, 2013. ...

Rajoy, Monti, Hollande to meet on Friday: statement

Posted: 03 Oct 2012 08:00 AM PDT

MADRID (Reuters) - The leaders of Spain, France and Italy will meet on Friday on the sidelines of a Mediterranean summit in Malta, the office of Italian Prime Minister Mario Monti said on Thursday. The meeting between Spanish Prime Minister Mariano Rajoy, Italian Prime Minister Mario Monti and French President Francois Hollande will take place at 1600 GMT (1200). Two sources with knowledge of the matter said the three leaders would discuss financial issues in the euro zone, including a plan to help Spain handle its finances. (Reporting by Julien Toyer)

Mondelez happy with holdings but could add on

Posted: 03 Oct 2012 08:45 AM PDT

NEW YORK (Reuters) - Mondelez International Inc Chief Executive Irene Rosenfeld is happy with her new company's current portfolio, but told Reuters on Wednesday that there could be opportunities to add to it. Speaking in New York on the company's second day of trading as a stand-alone snacks company, Rosenfeld said most of the company's growth moving forward will therefore be organic. The company derives 44 percent of its $36 billion in revenue from developing markets, with a strong presence in Brazil, Russia, India and China. ...

Spain targets London investors for "bad bank"

Posted: 03 Oct 2012 08:29 AM PDT

MADRID (Reuters) - Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a 'bad bank' that will house billions of euros of the country's soured real estate assets. Madrid hopes the newly formed asset management company will help unblock the credit flows to businesses and families that have been progressively choked off as the country's economic crisis has worsened. ...

T-Mobile USA set to merge with MetroPCS

Posted: 03 Oct 2012 07:17 AM PDT

In this Feb. 25, 2011 file photo, a T-Mobile store is shown in Palo Alto, Calif. The parent company of T-Mobile USA says it is merging its cell phone business with MetroPCS Communications. Deutsche Telekom AG says its board of directors and the supervisory board have approved the merger Wednesday, Oct. 3, 2012. It says the board of MetroPCS has also accepted the deal. It says Deutsche Telekom will hold 74 percent of the new business. MetroPCS's shareholders will have the remaining stake and receive a payment of about US dollar 1.5 billion. (AP Photo/Paul Sakuma)Struggling cellphone companies T-Mobile USA and MetroPCS Communications are set to merge, in a deal that will create an operator with more than 40 million subscribers.

Stocks edge higher following private hiring report

Posted: 03 Oct 2012 09:06 AM PDT

FILE-In a Friday, Aug. 31, 2012, file photo, a trader works on the floor of the New York Stock Exchange, in New York. Markets were subdued Wednesday Oct. 3, 2012 as investors awaited a run of U.S. economic figures. (AP Photo/Jason DeCrow, File)A pair of encouraging economic reports helped nudge the stock market higher Wednesday. Measures of business activity in the service sector and job growth last month came in better than economists had expected.

US service firms grow at fastest pace in 6 months

Posted: 03 Oct 2012 08:57 AM PDT

FILE-In this Thursday, Sept. 27, 2012, file photo, Millie Brown, a cook and waitress at Buch's truck stop, serves a breakfast, in Steubenville, Ohio. U.S. service companies, which employ nearly 90 percent of the work force, grew in September at the fastest pace since March. The growth was driven by sharp increases in current and future sales. The Institute for Supply Management said Wednesday, Oct. 3, 2012, that its index of non-manufacturing activity rose to 55.1, up from 53.7 in August. (AP Photo/Keith Srakocic, File)U.S. service companies grew in September at the fastest pace in six months, helped by a sharp increase in customer demand.

Survey: US businesses added 162K jobs in September

Posted: 03 Oct 2012 06:16 AM PDT

FILE-In this Sept. 17, 2012, file photo, Patti Maurer of Pompano Beach, Fla., right, registers a job seeker at a job fair held by National Career Fairs, in Fort Lauderdale, Fla. A private survey relased Wednesday, Oct. 3, 2012, shows that U.S. businesses hired fewer workers in September than August, a sign that slow growth may be holding back hiring. Payroll processor ADP said Wednesday that companies added 162,000 jobs last month. That's below August's total of 189,000, which was revised lower. (AP Photo/Lynne Sladky, File)A private survey shows that U.S. businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring.

AA and unions agree to resume contract talks

Posted: 03 Oct 2012 03:37 AM PDT

American Airlines and its pilots' union have agreed to resume stalled contract negotiations.

Ranchers see increase in grass thefts amid drought

Posted: 03 Oct 2012 09:13 AM PDT

In this Sept. 26, 2012 photo, cattle graze on a ranch outside of Encino, N.M. With extreme drought drying out grazing land and driving up hay prices, authorities in drought-stricken states say some ranchers have started stealing hay, cutting neighbors' fences or leaving gates open so their cattle can graze on greener pastures. (AP Photo/Russell Contreras)Petty crime and burglaries aren't unusual in New Mexico's isolated Guadalupe County, but lately Sheriff Michael Lucero has seen thieves steal something a bit unexpected: grass.

Report: Some dietary supplements illegally labeled

Posted: 03 Oct 2012 03:40 AM PDT

This undated photo released by the Office of Inspector General of Department of Health and Human Services shows a label from a dietary supplement. Federal watchdogs say many dietary supplements marketed to help consumers lose weight or boost their immune systems are illegally labeled and rely on shoddy evidence to support their health claims, according to a new report on government oversight of the $20 billion supplement industry. (AP Photo/Office of Inspector General of Department of Health and Human Services)Dozens of weight loss and immune system supplements on the market are illegally labeled and lack the recommended scientific evidence to back up their purported health claims, government investigators warn in a new review of the $20 billion supplement industry.

Bailed-out Portugal hikes more taxes to cut debt

Posted: 03 Oct 2012 08:18 AM PDT

Portugal is tightening its belt another notch, with the government announcing steep income tax hikes to reduce the bailed-out country's debt load despite mounting discontent over austerity measures.

Low cost flying arrives in luxury loving Japan

Posted: 03 Oct 2012 02:49 AM PDT

In this March 1, 2012 photo, a passenger buys a meal during the first flight by Peach Aviaction from Osaka, western Japan, bound for Sapporo, northern Japan. Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. But the nation is finally discovering the joy of flying cheap, with the arrival this year of three low-cost carriers. The takeoff of AirAsia Japan, Peach Aviation and Jetstar Japan could change lifestyles. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREAJapan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. But the nation is finally discovering the joy of flying cheap, with the arrival this year of three low-cost carriers.

Oil drops 3 pct on signs of slower growth in China

Posted: 03 Oct 2012 08:59 AM PDT

The price plunged Wednesday on more evidence of slower growth in China.

Ranchers see increase in grass thefts amid drought

Posted: 03 Oct 2012 09:13 AM PDT

In this Sept. 26, 2012 photo, cattle graze on a ranch outside of Encino, N.M. With extreme drought drying out grazing land and driving up hay prices, authorities in drought-stricken states say some ranchers have started stealing hay, cutting neighbors' fences or leaving gates open so their cattle can graze on greener pastures. (AP Photo/Russell Contreras)Petty crime and burglaries aren't unusual in New Mexico's isolated Guadalupe County, but lately Sheriff Michael Lucero has seen thieves steal something a bit unexpected: grass.

Nasdaq cancels erroneous trades in Kraft

Posted: 03 Oct 2012 09:11 AM PDT

NEW YORK (Reuters) - Nasdaq has canceled some trades in shares of Kraft Foods Group that occurred in early morning session on Wednesday after an unusual spike in the stock. The trades, considered "erroneous", were executed between 9:30 a.m. ET and 9:31 a.m. on Wednesday in Nasdaq. Kraft shares surged as high as $58.54 after opening at $45.44. The stock is currently up 2.8 percent at $46.70. The erroneous trades follow a split between Kraft Foods and Mondelez International . The two started trading as separate companies this week. Shares of Mondelez rose 0.1 percent at $28.04. ...

Stocks edge higher following private hiring report

Posted: 03 Oct 2012 09:06 AM PDT

FILE-In a Friday, Aug. 31, 2012, file photo, a trader works on the floor of the New York Stock Exchange, in New York. Markets were subdued Wednesday Oct. 3, 2012 as investors awaited a run of U.S. economic figures. (AP Photo/Jason DeCrow, File)A pair of encouraging economic reports helped nudge the stock market higher Wednesday. Measures of business activity in the service sector and job growth last month came in better than economists had expected.

Nasdaq cancels some Kraft stock trades

Posted: 03 Oct 2012 09:05 AM PDT

The Nasdaq is cancelling some trades of Kraft Foods Group Inc. following an unusual spike after the market opened.

Wall Street gains on signs of economic growth

Posted: 03 Oct 2012 09:02 AM PDT

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks rose on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares. Data showed growth in the U.S. services sector picked up in September, defying economists' expectations for a slight decrease, while the private sector added more jobs last month than forecast. The data comes ahead of the closely watched monthly U.S. non-farm payrolls report on Friday. ...

How ADP's jobs report compares to US government's

Posted: 03 Oct 2012 09:00 AM PDT

Payroll provider ADP said Wednesday that U.S. companies added 162,000 jobs in September, a modest level of hiring.

Oil drops 3 pct on signs of slower growth in China

Posted: 03 Oct 2012 08:59 AM PDT

The price plunged Wednesday on more evidence of slower growth in China.

Greece-troika talks on good path, deal still sought: finance minister

Posted: 03 Oct 2012 08:58 AM PDT

ATHENS (Reuters) - Greece's talks with international lenders to reach an agreement on an 11.5 billion euro austerity package are progressing well, the country's finance minister said on Wednesday. "Discussions with the troika (EU/ECB/IMF) are on a good track," Yannis Stournaras told reporters after meeting with Prime Minister Antonis Samaras. "There is still a large gap, we are trying to reach a compromise to seal a deal." (Reporting by Lefteris Papadimas)

US service firms grow at fastest pace in 6 months

Posted: 03 Oct 2012 08:57 AM PDT

FILE-In this Thursday, Sept. 27, 2012, file photo, Millie Brown, a cook and waitress at Buch's truck stop, serves a breakfast, in Steubenville, Ohio. U.S. service companies, which employ nearly 90 percent of the work force, grew in September at the fastest pace since March. The growth was driven by sharp increases in current and future sales. The Institute for Supply Management said Wednesday, Oct. 3, 2012, that its index of non-manufacturing activity rose to 55.1, up from 53.7 in August. (AP Photo/Keith Srakocic, File)U.S. service companies grew in September at the fastest pace in six months, helped by a sharp increase in customer demand.

LifeLock falls in 1st day of trading on NYSE

Posted: 03 Oct 2012 08:52 AM PDT

Shares of LifeLock fell more than 3 percent in its first day of trading as the online provider of identity theft protection services priced its initial public offering below the anticipated range.

Chorus Aviation stock drops on cost mark-up decision

Posted: 03 Oct 2012 08:48 AM PDT

TORONTO (Reuters) - Shares of Air Canada contract carrier Chorus Aviation Inc fell nearly 10 percent on Wednesday, and an analyst warned it might have to cut its dividend, after an arbitration panel ruled in favor of Air Canada in a cost dispute. Under a capacity purchase agreement, Chorus operates 131 aircraft for Air Canada, the country's largest airline, under the Jazz brand. It flies to smaller destinations and to large communities in off-peak hours throughout Canada and into the United States. ...

Mondelez happy with holdings but could add on

Posted: 03 Oct 2012 08:45 AM PDT

NEW YORK (Reuters) - Mondelez International Inc Chief Executive Irene Rosenfeld is happy with her new company's current portfolio, but told Reuters on Wednesday that there could be opportunities to add to it. Speaking in New York on the company's second day of trading as a stand-alone snacks company, Rosenfeld said most of the company's growth moving forward will therefore be organic. The company derives 44 percent of its $36 billion in revenue from developing markets, with a strong presence in Brazil, Russia, India and China. ...

S.Africa stocks down on strike, Pick n Pay surges

Posted: 03 Oct 2012 08:45 AM PDT

Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in SandtonJOHANNESBURG (Reuters) - South African stocks ended slightly lower on Wednesday, falling for a second day, with Kumba Iron Ore tumbling nearly 5 percent as wildcat strikes plaguing the mining industry spread to one of its mines. Pick n Pay, South Africa's No.2 grocer, jumped 4.8 percent to 46.47 rand after it named the former UK head of Tesco as its new chief executive, ending a roughly seven-month hunt for the a new CEO. ...

Bristol-Myers, Sanofi revamp Plavix sales alliance

Posted: 03 Oct 2012 08:42 AM PDT

Bristol-Myers Squibb Co. and Sanofi SA are restructuring their longtime partnership selling popular heart medications that now have widespread competition from generic versions — and plunging sales.

Enbridge CEO floats new light oil pipeline plans

Posted: 03 Oct 2012 08:41 AM PDT

CALGARY, Alberta (Reuters) - Enbridge Inc's new chief executive kicked off his tenure as head of the main transporter of Canadian oil exports on Wednesday with new ideas to get growing volumes of light crude to Eastern markets and prospects for richer earnings. Al Monaco, who took over as CEO on Monday, said the boom in light oil production from sources like the North Dakota Bakken has drastically shifted North America's supply outlook, forcing deep price discounts for supplies not linked to international Brent crude pricing and prompting the need for new pipeline routes. ...

European banks raised capital buffers by $265B

Posted: 03 Oct 2012 08:39 AM PDT

Europe's top banking regulator says that the region's banks have increased their capital reserves by €205 billion ($265 billion) since December to meet new rules aimed at boosting investor confidence in the ailing sector.

Deutsche Telekom, MetroPCS to merge U.S. mobile businesses

Posted: 03 Oct 2012 08:38 AM PDT

File photo of signage for a T-Mobile store pictured in downtown Los AngelesFRANKFURT/NEW YORK (Reuters) - Deutsche Telekom and MetroPCS said they will merge their U.S. mobile operations to create a larger fourth-place player better able to compete with rivals. The boards of both companies voted on Wednesday to approve the deal, which will see Deutsche Telekom hold 74 percent and MetroPCS 26 percent in the combined entity. The merger marks a long-awaited consolidation in the U.S. mobile market, in which the fourth-largest mobile carrier Deutsche Telekom's T-Mobile aims to get the scale it needs to compete with AT&T and Verizon . Last year, U.S. ...

Malawi to cut 2012 growth forecast: finance minister

Posted: 03 Oct 2012 08:36 AM PDT

A child sits on top of maize harvested in Lilongwe RuralLILONGWE (Reuters) - Malawi will cut its forecast for economic growth of 4.3 percent this year due to contraction in some major sectors, Finance Minister Ken Lipenga said on Wednesday. "Our preliminary assessment shows that the economic performance will slow down below our earlier projection of 4.3 percent largely due to a significant contraction in agriculture, manufacturing, forestry and fishing, which have experienced a negative growth," Lipenga told Reuters. Lipenga would not give a revised growth projection figure. ...

NY charges in US-Russia military electronics case

Posted: 03 Oct 2012 08:35 AM PDT

A Kazakhstan-born businessman was charged in New York on Wednesday with being a secret Russian agent involved in a scheme to illegally export microelectronics from the United States to Russian military and intelligence agencies.

UK group demands all BAE shareholders get merger vote

Posted: 03 Oct 2012 08:34 AM PDT

BAE Systems employees walk together at Roysth naval yard in Rosyth, ScotlandLONDON (Reuters) - The UK Shareholders' Association said on Wednesday it had written to the chairman of BAE Systems and the UK Takeover Panel to insist those who own shares in the British defense company via nominee accounts be allowed to vote on a mooted $45 billion merger with Airbus parent EADS . "The outcome could be decided by holders of less than 15 percent of the shares, because as many as 86.5 percent of the shares are held in nominee accounts, a substantial number of which will be for private individuals," the UKSA said. ...
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