Yahoo! News: Health News

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• Draghi comments hit the spot, lift Wall Street
• Jobless claims point to steady labor market
• Google warns of more Motorola cuts, revises up third-quarter bill
• Accused UBS fraudster was trading floor "star": colleague
• Facebook reaches one billion monthly active users
• ECB bond-buying conditions need not be painful: Draghi
• Hungary weighing new measures to curb budget deficit: report
• Analysts cut price targets on HP, see slow turnaround
• Barclays to restructure investment bank arm: memo
• Spain central bank undercuts budget as rescue looms
• Google, publishers settle book-scanning dispute
• Dow Jones average creeps up after jobs report
• Retailers report slower sales growth in Sept
• US unemployment aid applications rise to 367K
• Social media renders rapid judgment on debate
• Facebook now home to 1 billion monthly users
• Draghi nudges Spain to take up bond plan
• Starbucks to allow 'digital tipping'
• US factory orders fall on decline in aircraft
• US rate on 30-year mortgage hits record 3.36 pct.
• Dow Jones average creeps up after jobs report
• American Airlines finishes loose-seat inspections
• Starbucks to allow 'digital tipping'
• US mortgage rates for past 52 weeks at a glance
• Opposition party urges Canada to reject CNOOC's Nexen bid
• Wage talks in S.Africa truck driver strike collapse
• News Summary: Report says EU nukes must be safer
• ECB bond-buying conditions need not be painful: Draghi
• S.Africa's AngloGold, Gold Fields to reopen wage talks
• Facebook now home to 1 billion monthly users
• Google, publishers settle book-scanning dispute
• Oil gains as Syria-Turkey tensions rise
• Unilever may sell Skippy business in US, Canada
• Cyprus aims for 11.5 bln euro bailout package
• Google plans wider job cuts at Motorola unit
• Markets subdued as US payrolls loom
• German finance minister says euro crisis states doing well except Greece
• Canada's Ivey PMI index shows slower growth
• Indian Cabinet approves new economic reforms
• News Summary: Rates on US mortgages at record lows

Draghi comments hit the spot, lift Wall Street Posted: 04 Oct 2012 07:39 AM PDT NEW YORK (Reuters) - Stocks rose for a fourth session on Thursday following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis and in support of the euro. Financial shares led the market higher after Draghi said the ECB was ready to buy the bonds of euro zone member countries that ask for it, leaving the door open to a widely expected bailout of Spain. "Draghi has not disappointed the markets today," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. ...

Jobless claims point to steady labor market Posted: 04 Oct 2012 07:33 AM PDT WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, keeping in place a trend that suggested a mild improvement in the labor market. Other data on Thursday showed a sharp drop in new orders for U.S. factory goods as demand for aircraft collapsed and Americans eased off on automobile purchases. But orders outside transportation rose for a second straight month, which should calm fears of a rapid loss of momentum in factory activity. ...

Google warns of more Motorola cuts, revises up third-quarter bill Posted: 04 Oct 2012 05:18 AM PDT (Reuters) - Google Inc revised up the bill for job cuts at its money-losing Motorola Mobility mobile phone unit in the third quarter and warned of further restructuring that may result in "significant" additional charges. Google raised its estimates for severance-related charges 9 percent to $300 million from $275 million and warned it faced another $40 million in other costs in the quarter to quit facilities and markets. "Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S. ...

Accused UBS fraudster was trading floor "star": colleague Posted: 04 Oct 2012 07:28 AM PDT LONDON (Reuters) - Kweku Adoboli, the ex-UBS trader accused of losing the Swiss bank $2.3 billion, was a "star" and his desk was doing "amazingly well" in the months before the debacle, a London court heard on Thursday. However, Christophe Bertrand, the most junior of the four traders who made up the Exchange Traded Funds (ETFs) desk where Adoboli worked, also said the alleged "rogue trader" could be unfriendly and difficult to work with. Adoboli, 32, was arrested in September 2011, and is on trial at Southwark Crown Court accused of fraud and false accounting, charges he denies. ...

Facebook reaches one billion monthly active users Posted: 04 Oct 2012 07:42 AM PDT (Reuters) - Social media company Facebook Inc reported on Thursday it reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices. The No. 1 social network has faced a rough road since its May initial public offering. Investors and analysts have fretted over a sharp slowdown in revenue growth and questioned how Facebook will make money from users as people access its site on mobile devices. Facebook shares have lost more than 40 percent of their value since the stock debuted at $38. ...

ECB bond-buying conditions need not be painful: Draghi Posted: 04 Oct 2012 08:23 AM PDT BRDO PRI KRANJU, Slovenia (Reuters) - European Central Bank President Mario Draghi said on Thursday everything was in place for the bank to buy the bonds of troubled euro zone countries such as Spain and that conditions linked to it need not be punitive. At the first ECB meeting since Draghi unveiled his controversial bond-purchase plan a month ago, markets were looking for signs of when Spain might make a formal aid request and trigger the program that some have hailed as a savior for the battered euro zone. ...

Hungary weighing new measures to curb budget deficit: report Posted: 04 Oct 2012 07:36 AM PDT BUDAPEST (Reuters) - Hungary's Economy Ministry has presented the government with a 1 trillion forint ($4.5 billion) menu of tax rise options and spending cuts to reduce next year's budget deficit and avert the loss of European Union funds, news website origo.hu reported. Central Europe's most indebted nation must keep its deficit below 3 percent of economic output in 2013 as the alternative, which would cost it access to some EU development funds, could strike a further blow to its recession-hit economy. ...

Analysts cut price targets on HP, see slow turnaround Posted: 04 Oct 2012 06:45 AM PDT (Reuters) - A slew of brokerages cut their price targets on Hewlett-Packard Co stock, saying the weak economy will continue to weigh on the company that has been plagued by operating problems and slow growth in its computers and printers businesses. HP warned of an unexpectedly steep earnings slide in 2013 on Wednesday, with revenue set to fall in every business division except software. Shares of the company fell about 4 percent to $14.26 on Thursday morning. They fell 13 percent to a nine-year low on Wednesday. ...

Barclays to restructure investment bank arm: memo Posted: 04 Oct 2012 07:37 AM PDT LONDON (Reuters) - Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry. Rich Ricci, head of corporate and investment banking, told staff in a memo seen by Reuters that regulatory change and clients' demands mean a greater degree of regional leadership and coordination is needed. ...

Spain central bank undercuts budget as rescue looms Posted: 04 Oct 2012 07:34 AM PDT MADRID (Reuters) - Spain's central bank chief undercut the government's proposed 2013 budget on Thursday, saying it was based on over-rosy forecasts for economic growth and tax revenue. Speaking to a parliamentary budget committee, newly-appointed Central Bank Governor Luis Maria Linde delivered a blunt message as Prime Minister Mariano Rajoy weighs when to seek an international bailout. "This outlook ... is certainly optimistic in comparison with the outlook shared by the majority of international organizations and analysts," he said. ...

Google, publishers settle book-scanning dispute Posted: 04 Oct 2012 08:16 AM PDT Google and U.S. publishers have settled a longstanding dispute over Google's book-scanning project. A lawsuit filed by authors remains, though, leaving the project in question.

Dow Jones average creeps up after jobs report Posted: 04 Oct 2012 08:41 AM PDT An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday.

Retailers report slower sales growth in Sept Posted: 04 Oct 2012 06:16 AM PDT Americans slowed down their spending in September as they took a pause after wrapping up their back-to-school buying, according to monthly reports from major retailers released Thursday.

US unemployment aid applications rise to 367K Posted: 04 Oct 2012 06:50 AM PDT The number of Americans seeking unemployment benefits rose to a seasonally adjusted 367,000, a level consistent with only modest hiring.

Social media renders rapid judgment on debate Posted: 04 Oct 2012 06:11 AM PDT Big Bird is endangered. Jim Lehrer lost control. And Mitt Romney crushed President Barack Obama.

Facebook now home to 1 billion monthly users Posted: 04 Oct 2012 08:18 AM PDT More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing.

Draghi nudges Spain to take up bond plan Posted: 04 Oct 2012 07:29 AM PDT European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with its borrowing costs, reassuring the country that the conditions it would need to meet to get assistance "don't need to be punitive."

Starbucks to allow 'digital tipping' Posted: 04 Oct 2012 08:33 AM PDT Want to leave your barista a tip? Starbucks is making an app for that.

US factory orders fall on decline in aircraft Posted: 04 Oct 2012 07:48 AM PDT Orders to U.S. factories fell in August, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans.

US rate on 30-year mortgage hits record 3.36 pct. Posted: 04 Oct 2012 07:18 AM PDT Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines suggest the Federal Reserve's stimulus efforts are having an impact.

Dow Jones average creeps up after jobs report Posted: 04 Oct 2012 08:41 AM PDT An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday.

American Airlines finishes loose-seat inspections Posted: 04 Oct 2012 08:36 AM PDT American Airlines says it has finished inspecting 48 planes and fixing loose seats on some of them.

Starbucks to allow 'digital tipping' Posted: 04 Oct 2012 08:33 AM PDT Want to leave your barista a tip? Starbucks is making an app for that.

US mortgage rates for past 52 weeks at a glance Posted: 04 Oct 2012 08:30 AM PDT Average U.S. rates on fixed mortgages fell again to record lows for the second straight week.

Opposition party urges Canada to reject CNOOC's Nexen bid Posted: 04 Oct 2012 08:30 AM PDT OTTAWA (Reuters) - The Canadian government must reject Chinese state-owned CNOOC Ltd's $15.1 billion bid for oil producer Nexen Inc until the impact of the deal on jobs and the environment is made clear, the main opposition New Democratic Party (NDP) said on Thursday. "The lack of transparency in the approval process and an alarming number of unanswered questions, have pushed the NDP to reject, as currently structured, the transaction that would allow the state-owned CNOOC to take over the Canadian company Nexen," the left-leaning party said in a statement. ...

Wage talks in S.Africa truck driver strike collapse Posted: 04 Oct 2012 08:28 AM PDT JOHANNESBURG (Reuters) - Wage talks to end a strike by more than 20,000 truck drivers in South Africa have collapsed after unions rejected the employers 18 percent pay rise offer over two years, the Road Freight Employers Association said on Thursday. "This afternoon the unions responded that once again they do not accept the deal which met their demand of 18 percent over two years," the employer group said. Fuel suppliers have started to feel the pinch as the strike entered its second week, with deliveries to pumps delayed and stations running out of certain types of fuel.

News Summary: Report says EU nukes must be safer Posted: 04 Oct 2012 08:27 AM PDT NO GLOWING REPORT: The EU Energy Commissioner says the cost of necessary improvements at the 145 nuclear reactors in the European Union could amount to billions over the coming years.

ECB bond-buying conditions need not be painful: Draghi Posted: 04 Oct 2012 08:23 AM PDT BRDO PRI KRANJU, Slovenia (Reuters) - European Central Bank President Mario Draghi said on Thursday everything was in place for the bank to buy the bonds of troubled euro zone countries such as Spain and that conditions linked to it need not be punitive. At the first ECB meeting since Draghi unveiled his controversial bond-purchase plan a month ago, markets were looking for signs of when Spain might make a formal aid request and trigger the program that some have hailed as a savior for the battered euro zone. ...

S.Africa's AngloGold, Gold Fields to reopen wage talks Posted: 04 Oct 2012 08:22 AM PDT JOHANNESBURG (Reuters) - South Africa's top gold producers AngloGold Ashanti and Gold Fields have agreed to re-open wage talks for entry level workers, unions and the companies said in a joint statement on Thursday. The move comes as a wave of wildcat strike action hits South Africa's mining sector.

Facebook now home to 1 billion monthly users Posted: 04 Oct 2012 08:18 AM PDT More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing.

Google, publishers settle book-scanning dispute Posted: 04 Oct 2012 08:16 AM PDT Google and U.S. publishers have settled a longstanding dispute over Google's book-scanning project. A lawsuit filed by authors remains, though, leaving the project in question.

Oil gains as Syria-Turkey tensions rise Posted: 04 Oct 2012 08:14 AM PDT The price of oil rose Thursday after tensions rose between Syria and Turkey.

Unilever may sell Skippy business in US, Canada Posted: 04 Oct 2012 08:14 AM PDT Unilever has announced that it will consider selling its Skippy peanut butter business in the US and Canada as part of a strategic review.

Cyprus aims for 11.5 bln euro bailout package Posted: 04 Oct 2012 08:09 AM PDT Officials say Cyprus is aiming to get a eurozone bailout of about €11.5 billion ($14.9 billion) to recapitalize its troubled banks and meet short-term fiscal needs.

Google plans wider job cuts at Motorola unit Posted: 04 Oct 2012 08:03 AM PDT Google is expanding its plan to cut jobs from its Motorola Mobility unit outside the U.S. and will take $390 million in severance costs and other charges related to the layoffs.

Markets subdued as US payrolls loom Posted: 04 Oct 2012 08:03 AM PDT Financial markets remained subdued Thursday as investors were reluctant to stake out positions ahead of key U.S. jobs data.

German finance minister says euro crisis states doing well except Greece Posted: 04 Oct 2012 08:02 AM PDT BERLIN (Reuters) - With the exception of Greece, all countries in the euro zone hit by the debt crisis have made good headway on economic reforms, German Finance Minister Wolfgang Schaeuble said on Thursday. "All of the countries which are in a program, except Greece, which is in a particularly difficult situation... have made remarkable progress," Schaeuble told a conference. "Even though they are not in a program, what Spain and Italy have achieved is grand," he added. ...

Canada's Ivey PMI index shows slower growth Posted: 04 Oct 2012 07:59 AM PDT TORONTO (Reuters) - The pace of purchasing activity in the Canadian economy slowed in September, according to Ivey Purchasing Managers Index data released on Thursday, but still outpaced expectations. The data showed the seasonally adjusted index slipped to 60.4 in September from 62.5 in August. Analysts polled by Reuters had forecast a reading of 59. Officials at the Ivey School of Business confirmed that an incorrect number of 65.6 was posted to the website, but the actual reading was 60.4. Any index reading above 50 indicates that activity picked up from the preceding month. ...

Indian Cabinet approves new economic reforms Posted: 04 Oct 2012 07:57 AM PDT India's Cabinet pushed ahead with a second wave of economic reform proposals Thursday, endorsing higher levels of foreign investment in insurance and pension funds and amendments to laws governing competition, Finance Minister Palaniappan Chidambaram said.

News Summary: Rates on US mortgages at record lows Posted: 04 Oct 2012 07:55 AM PDT FRESH LOWS: Average U.S. rates on fixed mortgages fell again to record lows this week, making home-buying and refinancing more attractive.

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