Saturday, October 6, 2012

Yahoo! News: Health News

Yahoo! News: Health News

U.S. jobless rate tumbles to near four-year low

Posted: 05 Oct 2012 05:02 PM PDT

People wait in line to enter a job fair in New YorkWASHINGTON (Reuters) - The U.S. unemployment rate unexpectedly dropped to 7.8 percent in September and reached its lowest level since President Barack Obama took office, providing a boost to his re-election bid. The Labor Department said on Friday that employers added 114,000 workers to their payrolls last month, a moderate number, but it said a combined 86,000 more jobs were created in the prior two months than it had previously thought. Other aspects of the report also were strong. In particular, a separate survey of households found a big surge in hiring. ...

Foxconn denies China iPhone plant hit by strike

Posted: 06 Oct 2012 04:45 AM PDT

Workers walk out of the entrance to a Foxconn factory in ChengduTAIPEI/SAN FRANCISCO (Reuters) - Foxconn, the Taiwanese made-to-order electronics giant that assembles Apple Inc's products, denied reports that a plant in China was crippled by a strike, saying on Saturday that its production is on schedule at an important time for Apple. The report of a strike issued by China Labor Watch, a New York-based advocacy group, came weeks after Apple kicked off its largest-ever global rollout for the new iPhone 5 smartphone. Apple is already struggling with tight availability of the phones in stores, analysts say. ...

Greek austerity talks to continue, progress seen

Posted: 06 Oct 2012 07:48 AM PDT

Greek Finance Minister Stournaras leaves after a meeting with PM Samaras at the Prime Minister's office in AthensATHENS (Reuters) - Greece will continue talks with international lenders next week on new austerity measures for the debt-ridden country to clinch its next loan tranche, the finance minister said on Saturday, with both sides saying progress had been made. Negotiators had been pushing for a deal before a meeting of euro zone finance ministers on Monday, but Greece said it would settle for a statement acknowledging that talks were advancing. ...

IMF's Lagarde says talks with Greece "very productive"

Posted: 06 Oct 2012 05:38 AM PDT

International Monetary Fund Managing Director Lagarde arrives for Gulf Cooperation Council Finance Ministers meeting in RiyadhRIYADH (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Saturday that IMF talks with Greece on its debt crisis had been positive. The discussion of the fiscal chapter of Greece's program has been "very good and very productive", she said without elaborating. The talks also include Greece's structural reforms, financing and debt sustainability. Lagarde was speaking at a news conference after meeting with senior officials from the six oil exporters in the Gulf Cooperation Council. ...

EADS says continuing BAE merger talks with governments

Posted: 06 Oct 2012 08:19 AM PDT

Visitor look at aircraft models at EADS booth ILA Berlin Air Show in SelchowBERLIN (Reuters) - EADS is continuing "constructive talks" with governments over its proposed $45 billion merger deal with BAE Systems and remains convinced that it is an excellent deal for Europe, a spokesman said on Saturday. Tensions over the proposed supermerger spilled into the open on Friday, casting doubt on a rapidly approaching deadline as France, Britain and Germany jockeyed over the role of the state in the world's largest aerospace and arms group. But EADS has been at pains to stress the merger proposal had not collapsed. ...

Housing still impediment to U.S. growth: Fed officials

Posted: 05 Oct 2012 12:23 PM PDT

A "for sale" sign is seen outside a home in New YorkNEW YORK (Reuters) - A disappointing rebound in U.S. housing continues to trip up the country's overall economic recovery, two influential Federal Reserve officials said on Friday, highlighting a corner of the economy that still frustrates monetary policymakers. New York Federal Reserve Bank President William Dudley said the housing market's failure to fully respond to the Fed's easy money policies remains a headwind to U.S. growth, while Elizabeth Duke, a governor at the central bank, highlighted problems associated to the "extraordinary" level of abandoned properties. A bubble in the U.S. ...

Analysis: FTSE U.S. growth plans portend stock index price war

Posted: 05 Oct 2012 04:08 PM PDT

People walk down a stairway inside the London Stock Exchange Atrium in LondonNEW YORK (Reuters) - London Stock Exchange Group's FTSE Group is planning a major expansion in the United States that will challenge rivals and could trigger a price war among providers of stock indexes for use by fund groups eager to cut costs. On Tuesday, FTSE lured away Vanguard Group from MSCI Inc for six international stock funds with $170 billion of assets, as the largest U.S. mutual fund manager looked to cut costs. "We clearly have ambition to grow our share of the ETF market further," said Jonathan Horton, president of FTSE North America. ...

Gulf Coast senators to Obama: Ensure BP spill deal is fair

Posted: 06 Oct 2012 08:18 AM PDT

WASHINGTON (Reuters) - Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states. The U.S. Justice Department and BP Plc have discussed a potential settlement for damages caused both to Gulf waters and the coastline, which could be worth billions of dollars to states still trying to recover from the worst offshore oil spill in U.S. history. ...

Dexia working on raising capital, CEO tells paper

Posted: 06 Oct 2012 02:46 AM PDT

General view of Belgian-French financial services group Dexia building in the business district of La DefenseBRUSSELS (Reuters) - Troubled Franco-Belgian bank Dexia is working on raising cash, its chief executive told Belgian business newspaper L'Echo in an article published on Saturday. "Every day that passes we get closer to the deadline, because Dexia is continuing to lose money," Karel de Boeck told the paper. "We are therefore working on raising capital." He said he did not know whether the capital raising would be at the end of this year, or the beginning of next. ...

Officials reject conspiracies on unemployment rate

Posted: 06 Oct 2012 12:02 AM PDT

FILE - In this Sept. 27, 2006 file photo, former General Electric CEO Jack Welch addresses students at the Massachusetts Institute of Technology, in Cambridge, Mass. Conspiracy theorists came out in force Friday, Oct. 5, 2012, after the government reported a sudden drop in the U.S. unemployment rate one month before Election Day. Welch tweeted his skepticism five minutes after the Labor Department announced that the unemployment rate had fallen to 7.8 percent in September from 8.1 percent the month before. (AP Photo/Elise Amendola, File)When conspiracists suggested Friday that the Obama administration had engineered a sharp drop in unemployment to aid President Barack Obama's re-election, the response was swift.

US unemployment below 8 pct, first time since 2009

Posted: 05 Oct 2012 02:43 PM PDT

FILE - In this Monday, Sept. 17, 2012, file photo, job applicants wait for the opening of a job fair held by National Career Fairs in Fort Lauderdale, Fla. The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. (AP Photo/Lynne Sladky, File)The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign.

Honda recalls 2002-2006 CR-V for fire risk

Posted: 06 Oct 2012 07:35 AM PDT

Honda Motor Co. is recalling CR-V crossovers from the 2002 to 2006 model years because an electrical switch in the driver's side door could melt and cause a fire.

Foxconn denies worker unrest slows iPhone assembly

Posted: 06 Oct 2012 08:00 AM PDT

FILE - In this file photo taken on May 22, 2010, visitors to a job fair walk past the Foxconn recruitment area in Shenzhen in south China's Guangdong province. The New York-based China Labor Watch has reported that 3,000 to 4,000 workers at the factory in Zhengzhou city went on strike Friday Oct. 5, 2012 over increased quality control demands and having to work during an extended national holiday. Foxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike. (AP Photo, File) CHINA OUTFoxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently over higher quality control standards.

Stocks mixed after US unemployment rate drops

Posted: 05 Oct 2012 01:45 PM PDT

Trader Michael Liloia, center, works on the floor of the New York Stock Exchange Friday, Oct. 5, 2012. Stocks are rising in early trading on Wall Street after the government reported that the U.S. unemployment rate fell below 8 percent for the first time in almost four years. (AP Photo/Richard Drew)A big drop in the unemployment rate wasn't enough for investors Friday. Stocks posted gains early in the day but faded to a mixed close.

Madoff fraud's last days recounted in NYC document

Posted: 05 Oct 2012 01:56 PM PDT

FILE - In this Dec. 17, 2008 file photo, Bernard Madoff returns to his Manhattan apartment after making a court appearance in New York. In December 2008, two of Bernard Madoff's most loyal employees met on a Manhattan street corner and fretted over a closely held secret that the rest of the world would learn about eight days later: that their boss, Madoff, was a con man for the ages. The exchange was recounted for the first time in a newly rewritten indictment this week expanding the case and charges against five defendants headed for a trial next year. The indictment brings into sharper focus the final few years of a fraud the government says dated to at least the early 1970s, two decades before Madoff claimed it began and well before 1992, when the government said in its original case against the defendants that the conspiracy began. (AP Photo/Jason DeCrow, File)In December 2008, two of Bernard Madoff's most loyal employees met on a Manhattan street corner and fretted over a closely held secret that the rest of the world would learn about eight days later: that their boss was a con man for the ages.

American says it has fixed seats on 42 planes

Posted: 05 Oct 2012 06:58 PM PDT

An unidentified American Airlines passenger reacts while trying to make arrangements after her flight was delayed in Miami, Friday, Oct. 5, 2012. American Airlines says a combination of wear, poor design and even soda spilled into the tracks can cause seats on its Boeing 757s to pop loose during flight. American is canceling 44 flights today after it scrapped 50 flights Thursday because of the seat problem. The airline said Friday that all seat repairs on its Boeing 757 airplanes should be done by Saturday. (AP Photo/J Pat Carter)American Airlines says it has repaired 42 of 48 planes that were pulled aside and inspected because the seats could come loose.

US releases estimate of Utica Shale reserves

Posted: 05 Oct 2012 03:43 PM PDT

Drilling companies beginning to explore the Utica Shale got a piece of good news Friday when the U.S. Geological Survey estimated the rock formation in Ohio, Pennsylvania and other states holds enormous reserves of natural gas and oil.

Report: ECB official says no help on Greek bonds

Posted: 06 Oct 2012 02:24 AM PDT

A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates.

Calif. gas prices equal all-time high

Posted: 06 Oct 2012 04:03 AM PDT

Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, Calif., Friday, Oct. 5, 2012. Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. (AP Photo/Damian Dovarganes)The price of gasoline equaled the all-time average high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market.

IMF chief predicts sustainable Gulf growth

Posted: 06 Oct 2012 08:45 AM PDT

The head of the International Monetary Fund said Saturday that the economies of the oil-rich countries of the Gulf Cooperation Council will continue to enjoy high growth rates, although at reduced rates.

EADS says continuing BAE merger talks with governments

Posted: 06 Oct 2012 08:19 AM PDT

Visitor look at aircraft models at EADS booth ILA Berlin Air Show in SelchowBERLIN (Reuters) - EADS is continuing "constructive talks" with governments over its proposed $45 billion merger deal with BAE Systems and remains convinced that it is an excellent deal for Europe, a spokesman said on Saturday. Tensions over the proposed supermerger spilled into the open on Friday, casting doubt on a rapidly approaching deadline as France, Britain and Germany jockeyed over the role of the state in the world's largest aerospace and arms group. But EADS has been at pains to stress the merger proposal had not collapsed. ...

Gulf Coast senators to Obama: Ensure BP spill deal is fair

Posted: 06 Oct 2012 08:18 AM PDT

WASHINGTON (Reuters) - Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states. The U.S. Justice Department and BP Plc have discussed a potential settlement for damages caused both to Gulf waters and the coastline, which could be worth billions of dollars to states still trying to recover from the worst offshore oil spill in U.S. history. ...

Rural outsourcer brings hope to remote village

Posted: 06 Oct 2012 08:03 AM PDT

In this Aug. 24, 2012 photo, B2R employees, center, get ready to leave on their newly-acquired motorcycles at the end of their work day in Simayal, India as laborers shape a piece of metal in the foreground. The three-year-old business is using the spread of the Internet to transport India's outsourcing boom from metropolitan areas to this farming village in the Himalayan foothills. B2R and a handful of similar firms are trying to offer an alternative road map for Indian economic growth. With nearly 70 percent of the population - 833 million people - living in rural areas and its cities already overburdened, there is a limit to how quickly the nation can urbanize. (AP Photo/Saurabh Das)They come together each morning from the sloping forests. Some walk for more than an hour along muddy footpaths past terraced farms stacked like soft green steps. Some race their new motorbikes down narrow, cracked roads cut into the hillsides.

Foxconn denies worker unrest slows iPhone assembly

Posted: 06 Oct 2012 08:00 AM PDT

FILE - In this file photo taken on May 22, 2010, visitors to a job fair walk past the Foxconn recruitment area in Shenzhen in south China's Guangdong province. The New York-based China Labor Watch has reported that 3,000 to 4,000 workers at the factory in Zhengzhou city went on strike Friday Oct. 5, 2012 over increased quality control demands and having to work during an extended national holiday. Foxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike. (AP Photo, File) CHINA OUTFoxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently over higher quality control standards.

Greek austerity talks to continue, progress seen

Posted: 06 Oct 2012 07:48 AM PDT

Greek Finance Minister Stournaras leaves after a meeting with PM Samaras at the Prime Minister's office in AthensATHENS (Reuters) - Greece will continue talks with international lenders next week on new austerity measures for the debt-ridden country to clinch its next loan tranche, the finance minister said on Saturday, with both sides saying progress had been made. Negotiators had been pushing for a deal before a meeting of euro zone finance ministers on Monday, but Greece said it would settle for a statement acknowledging that talks were advancing. ...

Honda recalls 2002-2006 CR-V for fire risk

Posted: 06 Oct 2012 07:35 AM PDT

Honda Motor Co. is recalling CR-V crossovers from the 2002 to 2006 model years because an electrical switch in the driver's side door could melt and cause a fire.

Ghana 91-day bill yield rises to 23.11 pct

Posted: 06 Oct 2012 06:29 AM PDT

ACCRA (Reuters) - The Bank of Ghana said the yield on its 91-day bill rose to 23.11 percent at an October 5 auction from 23.09 percent at the last auction. The Bank said in a statement issued late on Friday that 255.82 million cedis worth of bids for the 91-day paper were accepted at the auction out of a total 260.97 million cedis of bids tendered.

IMF's Lagarde says talks with Greece "very productive"

Posted: 06 Oct 2012 05:38 AM PDT

International Monetary Fund Managing Director Lagarde arrives for Gulf Cooperation Council Finance Ministers meeting in RiyadhRIYADH (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Saturday that IMF talks with Greece on its debt crisis had been positive. The discussion of the fiscal chapter of Greece's program has been "very good and very productive", she said without elaborating. The talks also include Greece's structural reforms, financing and debt sustainability. Lagarde was speaking at a news conference after meeting with senior officials from the six oil exporters in the Gulf Cooperation Council. ...

Foxconn denies China iPhone plant hit by strike

Posted: 06 Oct 2012 04:45 AM PDT

Workers walk out of the entrance to a Foxconn factory in ChengduTAIPEI/SAN FRANCISCO (Reuters) - Foxconn, the Taiwanese made-to-order electronics giant that assembles Apple Inc's products, denied reports that a plant in China was crippled by a strike, saying on Saturday that its production is on schedule at an important time for Apple. The report of a strike issued by China Labor Watch, a New York-based advocacy group, came weeks after Apple kicked off its largest-ever global rollout for the new iPhone 5 smartphone. Apple is already struggling with tight availability of the phones in stores, analysts say. ...

Foxconn workers halt production at iPhone plant

Posted: 06 Oct 2012 04:24 AM PDT

FILE - In this file photo taken on May 22, 2010, visitors to a job fair walk past the Foxconn recruitment area in Shenzhen in south China's Guangdong province. The New York-based China Labor Watch has reported that 3,000 to 4,000 workers at the factory in Zhengzhou city went on strike Friday Oct. 5, 2012 over increased quality control demands and having to work during an extended national holiday. Foxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike. (AP Photo, File) CHINA OUTFoxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently over higher quality control standards.

IMF's Lagarde praises GCC's management of oil prices

Posted: 06 Oct 2012 04:05 AM PDT

RIYADH (Reuters) - International Monetary Fund Managing Director Christine Lagarde on Saturday praised Gulf Arab countries' good management of oil prices and reserves. Lagarde was speaking at a news conference after meeting with senior officials from the six oil exporters in the Gulf Cooperation Council. She predicted "sustainable growth but at slightly reduced rates in the years to come" for the GCC countries, which are Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman. (Reporting by Angus McDowall, Writing by Amena Bakr, Editing by Andrew Torchia)

Calif. gas prices equal all-time high

Posted: 06 Oct 2012 04:03 AM PDT

Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, Calif., Friday, Oct. 5, 2012. Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. (AP Photo/Damian Dovarganes)The price of gasoline equaled the all-time average high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market.

Foxconn denies report of strike at iPhone plant

Posted: 06 Oct 2012 03:41 AM PDT

FILE - In this file photo taken on May 22, 2010, visitors to a job fair walk past the Foxconn recruitment area in Shenzhen in south China's Guangdong province. The New York-based China Labor Watch has reported that 3,000 to 4,000 workers at the factory in Zhengzhou city went on strike Friday Oct. 5, 2012 over increased quality control demands and having to work during an extended national holiday. Foxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike. (AP Photo, File) CHINA OUTFoxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike.

Dexia working on raising capital, CEO tells paper

Posted: 06 Oct 2012 02:46 AM PDT

General view of Belgian-French financial services group Dexia building in the business district of La DefenseBRUSSELS (Reuters) - Troubled Franco-Belgian bank Dexia is working on raising cash, its chief executive told Belgian business newspaper L'Echo in an article published on Saturday. "Every day that passes we get closer to the deadline, because Dexia is continuing to lose money," Karel de Boeck told the paper. "We are therefore working on raising capital." He said he did not know whether the capital raising would be at the end of this year, or the beginning of next. ...

Report: ECB official says no help on Greek bonds

Posted: 06 Oct 2012 02:24 AM PDT

A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates.

Gabon to propose 14 pct budget increase in 2013

Posted: 06 Oct 2012 01:47 AM PDT

Gabon's President Ali Bongo Ondimba addresses the 67th session of the United Nations General Assembly at UN headquarters in New YorkLIBREVILLE (Reuters) - Gabon will propose a 14 percent increase in its budget for 2013, with more than half of revenues coming from the tiny central African nation's oil and gas sector, according to a government statement seen by Reuters on Friday. "The proposed law fixes resources at 3.141 trillion CFA francs," read the statement released following a cabinet meeting in the capital Libreville. Gabon's 2012 budget reached 2.759 trillion francs following an increase of 308 billion francs in September due to an anticipated 1.8 percent rise in year-end crude oil production. ...

Nigeria LNG declares force majeure as of October 4

Posted: 06 Oct 2012 01:35 AM PDT

LONDON (Reuters) - Nigeria liquefied natural gas (LNG) on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. "An attempt was made to steal crude oil from the Bomu-Bonny trunk line and offload it onto a waiting ship that led to a fire on the line and on the ship on Sunday," a Shell spokesman said. The force majeure, which covers the company should delivery not occur due to circumstances beyond its control, took effect as of October 4, he said. Shell, which has a 25. ...

Rwanda raises fuel prices, blames cost of oil on global markets

Posted: 06 Oct 2012 01:30 AM PDT

A customer uses a petrol nozzle to fill up his tank in a gas station in NiceKIGALI (Reuters) - Rwanda has increased fuel prices after global crude prices rose, the country's ministry of trade and industry said on Friday. Rwanda had lowered fuel prices in August, a move which officials said at the time would help bring down inflation. However, inflation rose in August from a month earlier, due mainly to rising food prices, the central African country said. The ministry said that from Saturday prices for diesel and petrol will be set at a maximum of 1,050 Rwandan francs per litre, up from 970 francs. ...

Calif. gas prices will rise, then fall next week

Posted: 06 Oct 2012 01:25 AM PDT

Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, Calif., Friday, Oct. 5, 2012. Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. (AP Photo/Damian Dovarganes)California gas prices will increase for several more days before leveling off after a temporary reduction in supply triggered a price spike that saw fuming motorists paying $5 or more per gallon in some locations and station owners shutting down pumps in others.
Posted by Harshad at 9:28 AM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)