Yahoo! News: Health News

---

• Wall St Week Ahead: Obama's shoes hard to fill, even for himself
• G20 flags U.S. fiscal cliff, Europe's debt woes
• ECB says checking status of loans made to Spanish banks
• U.S. airlines brace to lobby new president on EU row
• Crucial votes will end talk of Greece exiting euro: PM
• UBS preparing new bonus plan for top brass: paper
• Britain wants reform of EU cohesion funds: paper
• Harper says could block other foreign investments
• Biggest NY harbor oil terminal resumes partial operations
• Electricity explains why some have gas, some don't
• IRS not enforcing rules on churches and politics
• Newspaper discloses new Cameron text messages
• George Lucas' filmmaking rooted in rebellion
• Gov't: BBC could face public inquiry over Savile
• Union: Raley's talks break down, strike called
• Fight intensifies over NW coal exports
• Soft market outlook casts shadow over insurers
• Lufthansa arbitration talks to end mid-November: source
• Basel III delinquents may face sanctions: G20 official
• Cozy texts show Cameron ties to Murdoch executive
• Rwanda's national carrier plans fleet expansion, listing
• South Sudan could pump some oil by end-Nov: minister
• Vale partner says Guinea seeks to seize iron ore rights
• Guinea and UAE sign bauxite supply deal
• BYD lures e-taxi operators with financing incentive
• No sign of Basel III timing change request: Mexico official

Wall St Week Ahead: Obama's shoes hard to fill, even for himself Posted: 04 Nov 2012 07:25 AM PST NEW YORK (Reuters) - Regardless of the results of Tuesday's U.S. presidential election, the next four years will be a tough act to follow from Wall Street's standpoint. The benchmark Standard & Poor's 500 Index has rallied 66 percent since President Barack Obama took office - one of the most impressive runs ever for stocks under a single president. Admittedly, the timing of his inauguration - just before the market hit a nadir in March 2009 - is part of the reason. ...

G20 flags U.S. fiscal cliff, Europe's debt woes Posted: 04 Nov 2012 06:13 AM PST MEXICO CITY (Reuters) - Finance chiefs of the world's 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe's debt woes at a meeting in Mexico this weekend as they look to push back deficit reduction targets to help boost growth. Unless a fractious U.S. Congress can reach a deal, about $600 billion in government spending cuts and higher taxes are set to kick in on January 1, threatening to push the American economy back into recession and hit world growth. But with the U.S. presidential election looming on Tuesday, dealing with the fiscal cliff has been delayed. ...

ECB says checking status of loans made to Spanish banks Posted: 04 Nov 2012 05:16 AM PST BERLIN (Reuters) - The European Central Bank (ECB) is checking whether it may have contravened its own strict rules by lending to Spanish banks on overly generous terms, an ECB spokeswoman said on Sunday. German newspaper Die Welt am Sonntag, citing the results of its own research, said Spanish banks had borrowed funds from the ECB at a preferential interest rate of 0.5 percent even though the creditworthiness of the T-bills they provide as collateral should have required them to pay 5.5 percent. ...

U.S. airlines brace to lobby new president on EU row Posted: 04 Nov 2012 06:08 AM PST BRUSSELS/WASHINGTON (Reuters) - U.S. airlines, through industry group A4A, will lobby the United States' newly-elected president as soon as he takes office on an issue that has triggered threats of a trade war. All year, an international row has raged over the European Union's decision to include all airlines using its airports in its Emissions Trading Scheme (ETS), designed to curb planet-warming pollution. The European Union says it is protecting the environment. U.S. opponents say it has breached sovereignty to try to fill its empty coffers. Both houses of the U.S. ...

Crucial votes will end talk of Greece exiting euro: PM Posted: 04 Nov 2012 03:36 AM PST ATHENS (Reuters) - Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures, labor reforms and the 2013 budget, Greek Prime Minister Antonis Samaras said on Sunday. The three-party government will submit the package of measures to parliament on Monday and must approve both it and the 2013 budget to receive aid from the IMF and European Union that it needs to avoid bankruptcy. The junior ruling Democratic Left Party has refused to back the mix of tax hikes, spending reductions worth 13. ...

UBS preparing new bonus plan for top brass: paper Posted: 04 Nov 2012 04:52 AM PST ZURICH (Reuters) - Swiss bank UBS is working on a new bonus scheme for top management, including for those tasked with winding down some of its investment banking activities, a newspaper reported on Sunday. A UBS spokesman declined to comment on the report. He said the bank generally announced details on compensation after fourth-quarter results were in. UBS, which suffered huge writedowns on U.S. subprime bets and had to take government aid during the financial crisis, last week unveiled plans to fire 10,000 staff and wind down its fixed income business. ...

Britain wants reform of EU cohesion funds: paper Posted: 04 Nov 2012 02:54 AM PST LONDON (Reuters) - Britain will demand changes to the European Union's regional development funds in budget talks this month, including stripping wealthier nations of access to money intended to help poorer areas, the Sunday Telegraph reported. Prime Minister David Cameron's government suffered an embarrassing defeat in parliament this week when anti-EU members of his Conservative party teamed up with the opposition to demand a cut in the EU budget. ...

Harper says could block other foreign investments Posted: 03 Nov 2012 08:48 AM PDT OTTAWA (Reuters) - Prime Minister Stephen Harper, in some of his toughest remarks on foreign investment yet, signaled a willingness to block foreign purchases of Canadian companies if other countries are not open to Canadian investment. Speaking on the eve of a trip to India and other parts of Asia, Harper said in an interview published in Saturday's Postmedia newspapers that Canada as a general rule welcomes foreign investment. ...

Biggest NY harbor oil terminal resumes partial operations Posted: 03 Nov 2012 01:29 PM PDT (Reuters) - The 16-million-barrel International-Matex Tank Terminals oil terminal in Bayonne, New Jersey has partially re-opened following power losses due to superstorm Sandy, its operator said on Saturday. The fuel terminal, the biggest in the New York Harbor, is still "coming back online," said terminal manager Richard Fisette. As of Saturday, around half of the facilities at the site were back to normal operation and the major regional fuel repository was awaiting nominations, or orders to ship out fuel, from its customers, Fisette said. ...

Electricity explains why some have gas, some don't Posted: 03 Nov 2012 03:11 PM PDT It's a question that's rankled and bewildered many in the Northeast: Why do some areas struck by Superstorm Sandy have plenty of gasoline and others still don't?

IRS not enforcing rules on churches and politics Posted: 03 Nov 2012 09:55 AM PDT For the past three years, the Internal Revenue Service hasn't been investigating complaints of partisan political activity by churches, leaving religious groups who make direct or thinly veiled endorsements of political candidates unchallenged.

Newspaper discloses new Cameron text messages Posted: 04 Nov 2012 05:27 AM PST A British lawmaker called Sunday for the country's media ethics inquiry to publish all the text messages it has between Prime Minister David Cameron and Rebekah Brooks, the ex-chief executive of Rupert Murdoch's British newspaper division, who now faces charges over the country's tabloid phone hacking scandal.

George Lucas' filmmaking rooted in rebellion Posted: 03 Nov 2012 03:53 PM PDT There's no mistaking the similarities. A childhood on a dusty farm, a love of fast vehicles, a rebel who battles an overpowering empire — George Lucas is the hero he created, Luke Skywalker.

Gov't: BBC could face public inquiry over Savile Posted: 04 Nov 2012 03:12 AM PST Britain's culture secretary says the government could order a full public inquiry into the British Broadcasting Corp.'s handling of the Jimmy Savile sex abuse scandal.

Union: Raley's talks break down, strike called Posted: 04 Nov 2012 02:45 AM PST A northern California labor union says contracts talks with Raley's supermarkets have broken down and a strike has been called.

Fight intensifies over NW coal exports Posted: 03 Nov 2012 12:56 PM PDT The progressive college town of Bellingham, Wash., is known for its stunning scenery, access to the outdoors and eclectic mix of aging hippies, students and other residents. But lately it's turned into a battleground in the debate over whether the Pacific Northwest should become the hub for exporting U.S. coal to Asia.

Soft market outlook casts shadow over insurers Posted: 04 Nov 2012 07:42 AM PST TORONTO (Reuters) - Even if Canadian life insurers live up to expectations by posting strong third-quarter results this week, investors ought to think twice before piling into their shares given the uncertain outlook for financial markets. With debt crises in Europe and the United States pressuring stocks and threatening another severe market downturn, analysts say one or more of the insurers could cut profit targets when they start reporting results on Wednesday. The cautious tone comes even though the group has posted year-to-date stock gains that are mostly in the double digits. ...

Lufthansa arbitration talks to end mid-November: source Posted: 04 Nov 2012 07:36 AM PST FRANKFURT (Reuters) - Tense mediation talks between Lufthansa and cabin crew over pay and conditions should reach a conclusion in mid-November, although it is not clear whether they will be successful, a source close to the negotiations said on Sunday. "We believe there will be something to announce on November 13. Whether an agreement or a failure," said the person, who declined to be identified as the talks are confidential. The differences between the two sides are glaring, the person said, adding that the negotiations were tough. ...

Basel III delinquents may face sanctions: G20 official Posted: 04 Nov 2012 06:13 AM PST MEXICO CITY (Reuters) - Countries may face sanctions if they fail to implement new rules aimed at safeguarding the global banking system from another financial crisis, a senior Mexican finance official said. New rules forcing banks to roughly triple the size of capital buffers they hold are set to be phased in over six years starting in January, after each country has finalized its own version. But the United States and Europe, home to most of the world's largest banks, are still at the drafting stage, prompting speculation that the Basel III timetable may be postponed. ...

Cozy texts show Cameron ties to Murdoch executive Posted: 04 Nov 2012 03:58 AM PST LONDON (Reuters) - Text messages sent by the former head of Rupert Murdoch's British newspapers to Prime Minister David Cameron, published on Sunday, have further revealed their close personal relationship. Rebekah Brooks, who is awaiting trial on charges related to a phone-hacking scandal that prompted a public inquiry into media ethics, congratulated Cameron a "brilliant" pre-election speech in 2009 that she said had moved her to tears. "I cried twice. Will love 'working together'," Brooks said in one text message sent months before Cameron's Conservatives formed a coalition government. ...

Rwanda's national carrier plans fleet expansion, listing Posted: 04 Nov 2012 01:34 AM PDT KIGALI (Reuters) - Rwanda's national carrier plans to more than double its aircraft fleet in the next five years, and to list on the country's stock exchange once it turns profitable, a senior company executive said. At present Rwandair has a fleet of seven aircraft. It plans to increase this to 17 planes over the next five years, which would allow the airline to expand its route network to Europe, China and India, Chief Executive Officer John Mirenge told Reuters in an interview late on Friday. ...

South Sudan could pump some oil by end-Nov: minister Posted: 04 Nov 2012 01:29 AM PDT JUBA (Reuters) - South Sudan could resume producing up to 230,000 barrels per day (bpd) of oil within a month, its oil minister said on Saturday, after a nine-month shutdown that has battered the country's economy. The landlocked African producer, which seceded from Sudan last year, shut down its entire output of about 350,000 bpd in January in a dispute with Khartoum over how much it should pay to export oil through Sudan. ...

Vale partner says Guinea seeks to seize iron ore rights Posted: 04 Nov 2012 01:28 AM PDT DAKAR/LONDON (Reuters) - The mining arm of Israeli billionaire Beny Steinmetz's business empire has accused the government of Guinea of seeking to "illegally seize" its assets through a probe into how it won rights to mine part of a major iron ore deposit. Privately owned BSG Resources, which has been working in the West African country with Brazilian mining major Vale, confirmed it had received a letter from a government commission alleging improper behaviour and graft in its winning of rights to develop blocks in the Simandou region. ...

Guinea and UAE sign bauxite supply deal Posted: 04 Nov 2012 01:13 AM PDT DUBAI (Reuters) - Compagnie des Bauxites de Guinee (CBG) signed a long-term supply agreement with the United Arab Emirates for bauxite, the main raw material in aluminium, the Gulf country's state news agency reported. The Emirates News Agency did not report the duration or value of the contract, which was concluded between CBG and the Emirates' investment fund Mubadala Development Co. But Guinean Mines Minister Mohamed Lamine Fofana was quoted as saying at a signing ceremony in Abu Dhabi that the deal would add $500 million to Guinea's gross domestic product. ...

BYD lures e-taxi operators with financing incentive Posted: 03 Nov 2012 11:56 PM PDT BEIJING (Reuters) - Taxi operators in China interested in electrifying their fleet can pay the full price of BYD's (002594.SZ e6 in installments, saving them the hefty upfront full payment they have to make for a gasoline-powered car, the Warren Buffett-backed Chinese car maker said on Sunday. They can sign a rental agreement with financing firm or a third party taxi operator which own e6 and claim ownership of the car after the full payment is made, it said in a statement. ...

No sign of Basel III timing change request: Mexico official Posted: 03 Nov 2012 06:15 PM PDT MEXICO CITY (Reuters) - There has been no discussion about putting back the start date for new rules of bank capital buffers in the lead-up to this weekend's G20 meeting, a senior Mexican Finance Ministry official told Reuters on Saturday. U.S. and European financial officials are likely to come under pressure from peers when they meet in Mexico City for dragging their feet on implementing the so-called Basel III accords, the world's response to the 2007-09 financial crisis. ...

You are subscribed to email updates from Business News Headlines - Yahoo! News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610