Saturday, November 24, 2012

Yahoo! News: Health News

Yahoo! News: Health News


Wall Street Week Ahead: Political wrangling to pinch market's nerves

Posted: 23 Nov 2012 05:53 PM PST

Traders work on the floor of the New York Stock Exchange at the opening of the trading session in New YorkNEW YORK (Reuters) - Volatility is the name of this game. With the S&P 500 above 1,400 following five days of gains, traders will be hard pressed not to cash in on the advance at the first sign of trouble during negotiations over tax hikes and spending cuts that resume next week in Washington. President Barack Obama and U.S. congressional leaders are expected to discuss ways to reduce the budget deficit and avoid the "fiscal cliff" of automatic tax increases and spending cuts in 2013 that could tip the economy into recession. As politicians make their case, markets could react with wild ...


Deutsche Telekom sees huge synergies from MetroPCS deal: paper

Posted: 24 Nov 2012 07:07 AM PST

The logo of Deutsche Telekom AG is seen on top of the company's headquarter in BonnFRANKFURT (Reuters) - Germany's Deutsche Telekom AG expects the merger of its T-Mobile USA with MetroPCS Communications Inc will reap "several billions of euros" in synergies, Telekom chairman Ulrich Lehner told a German weekly magazine. "The position of Deutsche Telekom in the USA will improve markedly as a result," WirtschaftsWoche quoted Lehner as saying in a report to be published on Monday. T-Mobile USA and MetroPCS said last month that they wanted to merge their companies, creating a stronger number four on the U.S. wireless market. ...


European banks urge one-year delay for Basel III rules

Posted: 24 Nov 2012 07:02 AM PST

GUBBIO, Italy (Reuters) - European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after U.S. regulators delayed application of the new requirements. The new rules, known as Basel III, are the world's regulatory response to the 2007-09 financial crisis and would force banks to triple the amount of basic capital they hold in a bid to avoid future taxpayer bailouts. ...

Software AG has 1 billion euro war chest for any acquisition: paper

Posted: 24 Nov 2012 05:42 AM PST

FRANKFURT (Reuters) - German business software maker Software AG has the financial flexibility to make any acquisition worth up to 1 billion euros ($1.30 billion), a German weekly said on Saturday, citing finance director Arnd Zinnhardt. "We are so well positioned in terms of our operating activities and our balance sheet that we could theoretically pay for a big acquisition of up to 1 billion euros," he said. He does not rule out another acquisition next year, the report said. ...

SFR to make fewer job cuts than expected: report

Posted: 24 Nov 2012 07:05 AM PST

PARIS (Reuters) - French mobile operator SFR is planning to announce lower-than-expected job cuts on Wednesday, French daily Le Figaro reported on Saturday, citing an unidentified source close to the matter. The French daily said that instead of the 2,000-job cuts expected by unions in the summer the number would be "less than 1,000." A person close to SFR said the newspaper's estimate was realistic but declined to provide more details about the news to be made public at a workers' council meeting on Wednesday. SFR is seeking to make 500 million euros ($647. ...

Analysis: Charges against BP employees test reach of U.S. statute

Posted: 23 Nov 2012 04:26 PM PST

BP logo is seen at a fuel station of British oil company BP in St. PetersburgNEW YORK (Reuters) - Not all manslaughter charges are created equal. If they were, the U.S. Justice Department might have filed just 11 charges when it brought a criminal case against two BP Plc employees last week, one for each of the 11 deaths in the Deepwater Horizon disaster. Instead, the government charged Robert Kaluza and Donald Vidrine, the two highest-ranking BP supervisors on board the rig in the hours before the 2010 disaster, with 11 counts of involuntary manslaughter and 11 counts of what's known as seaman's manslaughter. ...


Nokia imaging chief to quit

Posted: 24 Nov 2012 02:04 AM PST

Corporate logo is displayed in HelsinkiHELSINKI (Reuters) - Nokia's long-time imaging chief Damian Dinning has decided to leave the loss-making cellphone maker at the end of this month, the company said in a statement. The strong imaging capabilities of the new Lumia smartphone models are a key sales argument for the former market leader, which has been burning through cash while losing share in both high-end smartphones and cheaper handsets. Nokia's Chief Executive Stephen Elop has replaced most of the top management since he joined in late 2010 and Dinnig is the latest of several executives to leave. ...


Sandy dampens mood for many Black Friday shoppers

Posted: 24 Nov 2012 06:36 AM PST

A 'Black Friday' sale sign is seen inside a Target store in Westbury, New YorkVALLEY STREAM, N.Y./BROOKLYN, New York (Reuters) - Malls across the United States teemed with shoppers looking for Black Friday bargains, but many in the New York area sat out the madness, too busy coping with the lingering effects of Superstorm Sandy. The Green Acres Mall in Valley Stream, New York, just a few miles from New York's JFK airport, is in a part of Long Island that was particularly devastated by the October 29 storm, which destroyed or severely damaged homes in many low-lying areas. ...


China's Wenzhou unveils reform plans as bad loans climb

Posted: 23 Nov 2012 11:17 PM PST

To match Feature CHINA-DEBT/WENZHOUBEIJING (Reuters) - China's entrepreneurial hub of Wenzhou has unveiled measures to turn grey-market lending into formal credit to support cash- starved small firms while reducing financial risks, state media reported on Saturday. Under the plans announced by the municipal government, the wealthy coastal city of Wenzhou, aims to channel private money into local businesses through formal institutions - mainly small credit firms, the official Securities Times said, citing officials. ...


Black Friday creeps into Thanksgiving permanently?

Posted: 23 Nov 2012 07:41 PM PST

Black Friday shoppers pour into the Valley River Center mall for the Midnight Madness sale Friday, Nov. 23, 2012 in Eugene, Ore. For decades, stores have opened their doors in wee hours of the morning on the day after Thanksgiving known as Black Friday. But this year, that changed when major chains from Target to Toys R Us opened on Thanksgiving itself, turning the traditional busiest shopping day of the year into a two-day affair. (AP Photo/The Register-Guard, Brian Davies)This season could mark the end of Black Friday as we know it.


AP PHOTOS: Black Friday from bargains to brawls

Posted: 23 Nov 2012 06:08 PM PST

A shopper looks at televisions at a Best Buy store, Friday, Nov. 23, 2012, in Franklin, Tenn., after the store opened at midnight. Black Friday, the day when retailers traditionally turn a profit for the year, got a jump start this year as many stores opened just as families were finishing up Thanksgiving dinner. (AP Photo/Mark Humphrey)Shoppers waited in line, fought through crowds and even cut short Thanksgiving dinner to snap up the best deals of the year.


Why must we buy? Black Friday's powerful pull

Posted: 23 Nov 2012 02:01 PM PST

Shoppers stand in line outside a Best Buy department store before the store's opening at midnight for a Black Friday sale, Thursday, Nov. 22, 2012, in Arlington, Texas. Despite a surge of resistance as the sales drew near, with scolding editorials and protests by retail employees and reminders of frantic tramplings past, Black Friday's grip on America may have been proven stronger than ever. (AP Photo/Tony Gutierrez)Gravy was still warm. Dallas Cowboys were still in uniform. Thanks were still being given across the country as the pilgrimages to the stores began, heralding a new era of American consumerism.


Stocks soar on Black Friday; tech leads the way

Posted: 23 Nov 2012 10:38 AM PST

The stock market enjoyed some Black Friday cheer, rising sharply as shoppers braved the annual post-Thanksgiving rush. Major stock indexes closed one of their best weeks of the year.

APNewsBreak: Corps cuts flow on Missouri River

Posted: 23 Nov 2012 01:04 PM PST

FILE - In this Nov. 12, 2012 file photo, two barges head north on the Mississippi River past St. Louis, as seen from East St. Louis, Ill. The Army Corps of Engineers has begun reducing the flow from a Missouri River reservoir, a move expected to worsen low water conditions on the Mississippi River and potentially halt barge traffic at St. Louis within weeks. (AP Photo/Jim Suhr, File)The Army Corps of Engineers on Friday began reducing the flow from a Missouri River reservoir, a move expected to worsen low-water conditions on the Mississippi River and potentially bring barge traffic to a halt within weeks.


Oil prices climb on new Gaza-Israel fears

Posted: 23 Nov 2012 11:44 AM PST

Oil prices climbed Friday after Israeli troops fired on crowds in Gaza surging toward the border fence, killing one Palestinian.

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