Thursday, January 3, 2013

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street dips as profits booked after rally

Posted: 03 Jan 2013 07:01 AM PST

Traders work on the floor of the New York Stock Exchange in New YorkNEW YORK (Reuters) - Stocks edged lower on Thursday as investors locked in gains after a rally Wednesday, which was spurred by a deal by U.S. lawmakers to avert a "fiscal cliff" of austerity measures that had been due to kick in this year. Losses were limited, however, by better-than-expected data that showed U.S. private-sector employers added 215,000 jobs in December. That was well above economists' expectations for a gain of 133,000 jobs, according to a Reuters survey. ...

Private sector job gains offer hope for labor market

Posted: 03 Jan 2013 08:43 AM PST

Job seekers stand in line to meet prospective employers at a career fair in New York CityWASHINGTON (Reuters) - Private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended. While other data on Thursday showed an increase in the number of Americans filing new claims for unemployment benefits, the trend remained consistent with steady job growth. "The underlying economy has momentum, and the employment data confirms that. The hope and prayer of the market is that our political leaders don't screw it up," said John Brady, managing director at R.J. ...

December sales strong, but some chains under pressure

Posted: 03 Jan 2013 07:28 AM PST

A 'Black Friday' sale sign is seen inside a Target store in Westbury, New York(Reuters) - Several major U.S. retailers beat expectations of modest sales increases in December as shoppers wrapped up holiday buying, but results were mixed and only stores that were nimble enough thrived in an uncertain economy. Costco Wholesale Corp , Nordstrom Inc , TJX Cos Inc and Ross Stores Inc were among winners of the month, but such chains as Target Corp and Family Dollar Stores Inc felt the pinch as consumers were cautious in their holiday spending. Sales at stores open at least a year rose 4.5 percent, topping analysts' estimates for 3. ...

Boeing jet orders surge; on track to be top planemaker

Posted: 03 Jan 2013 08:46 AM PST

A worker prepares the Boeing chalet ahead of the Farnborough Airshow 2012 in southern England(Reuters) - Boeing Co said it booked 1,203 net orders for planes and delivered 601 new jets in 2012, a performance that likely puts it ahead of rival Airbus for the prize of being the world's largest planemaker. Boeing's tally of 601 planes delivered to customers puts it ahead of Airbus' stated target of 580 deliveries for the year. Airbus figures won't be announced until January 17, but Boeing's tally makes it virtually certain the Chicago-based company will regain the crown as the world's largest planemaker, a title its rival has held for a decade. ...

Private hiring jumps in December despite fiscal worries

Posted: 03 Jan 2013 06:19 AM PST

Job seekers apply for the 300 available positions at a new Target retail store in San FranciscoNEW YORK (Reuters) - Private-sector employers added more new jobs than expected last month even as a potential budget crisis loomed, helping the job market end 2012 on a high note, a report by a payrolls processor showed on Thursday. The ADP National Employment Report showed the private sector added 215,000 jobs in December, comfortably above economists' expectation of a 133,000 gain. The increase came even as companies worried the economy might fall off a "fiscal cliff" at year end, which would have meant higher taxes and, some predicted, suppressed hiring. "All the labor market data... ...

December sales mixed for Detroit automakers

Posted: 03 Jan 2013 08:12 AM PST

A Chrysler badge is pictured on a new car at a dealership in Vienna, VirginiaDETROIT (Reuters) - Detroit's automakers showed December U.S. sales gains of 5 percent, slightly better than analysts' expectations, but likely not enough to stave off market-share gains by Japanese rivals. General Motors Co posted sales growth of 5 percent compared with the previous December, Ford Motor Co increased sales 2 percent and Chrysler Group LLC's sales rose 10 percent. Toyota Motor Corp reported a 9 percent U.S. sales increase for December, which met analysts' expectations. ...

NY pension fund sues Qualcomm for political records

Posted: 03 Jan 2013 07:55 AM PST

A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus(Reuters) - New York state's $150-billion public pension fund sued chip maker Qualcomm Inc. on Wednesday, seeking access as a shareholder to the company's records on political spending, the state comptroller said on Thursday. The suit was filed in Delaware Court of Chancery, after Qualcomm refused the New York State Common Retirement Fund's request to inspect records detailing the use of corporate resources for political activities, according to New York State Comptroller Thomas DiNapoli, who oversees the fund. ...

Mizuho to pay $175,000 to settle U.S. charges on fund deficiencies

Posted: 03 Jan 2013 08:36 AM PST

A man walks past a branch of the Mizuho Financial Group in TokyoWASHINGTON (Reuters) - A unit of Mizuho Financial Group has agreed to pay $175,000 to settle civil charges by U.S. futures regulators related to allegations that the bank failed to hold enough funds in its secured accounts, the regulators said. The Commodity Futures Trading Commission said Mizuho Securities USA Inc did not immediately report the deficiency to regulators and failed to properly supervise its employees. The bank agreed to settle the matter without admitting nor denying the allegations. (Reporting By Sarah N. Lynch and Aruna Viswanatha)

Knight Capital to sell itself to Getco Holding: sources

Posted: 03 Jan 2013 08:26 AM PST

Knight Capital traders work at the company's kiosk on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Knight Capital Group agreed to sell itself to Getco Holding Company LLC, beating rival high-speed trading firm Virtu Financial LLC, according to two people close to the negotiations. Though Virtu had offered an all-cash deal, Getco and its private equity firm General Atlantic increased its offer to above $3.60 a share in cash and stock in the combined company, one source said. Under Getco's plan, Knight Chief Executive Thomas Joyce would give up his role. A spokeswoman at Knight was not immediately available for comment. ...

Hormel buys Unilever's Skippy peanut butter for $700 million

Posted: 03 Jan 2013 08:40 AM PST

(Reuters) - Hormel Foods Corp agreed to buy Skippy, the iconic U.S. peanut butter brand, from Unilever Plc for $700 million, adding the well-known kids lunch staple to a portfolio that includes Spam canned meat. The deal also helps Hormel, struggling with rising livestock feed costs, expand beyond meat products and gives it a bigger global presence, including in markets such as China where Skippy is the leading peanut butter brand. Hormel shares rose 6 percent to $33.82 - their highest ever - before easing a little to $33.37 in late morning trading on Thursday on the New York Stock Exchange. ...

US auto sales end 2012 on strong note

Posted: 03 Jan 2013 08:20 AM PST

DETROIT (AP) — Strong U.S. sales in December capped a remarkable year for the auto industry — especially Japanese brands — and 2013 should be even better.

Retailers report higher December sales

Posted: 03 Jan 2013 08:45 AM PST

In this Thursday, Dec. 20, 2012, photo, a holiday shopper walks past a large Christmas tree at Fashion Island shopping center in Newport Beach, Calif. A last-minute surge in spending helped many major U.S. retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday period. (AP Photo/Chris Carlson)NEW YORK (AP) — A last-minute surge in spending may have saved Christmas for stores.

Fiscal-cliff deal no recipe for a robust economy

Posted: 03 Jan 2013 03:39 AM PST

FILE - In this Tuesday, Jan. 1, 2013, file photo, the dome of the Capitol is reflected in a skylight of the Capitol Visitor's Center in Washington. By delaying hard choices on spending, the fiscal cliff deal guaranteed more confrontation and uncertainty this year, especially when Congress must vote later this winter to raise the government's borrowing limit. That's likely to keep businesses cautious about hiring and investing. (AP Photo/Jacquelyn Martin, File)WASHINGTON (AP) — Housing is rebounding. Families are shrinking debts. Europe has avoided a financial crackup. And the fiscal cliff deal has removed the most urgent threat to the U.S. economy.

Hormel buying No. 2 peanut butter Skippy for $700M

Posted: 03 Jan 2013 07:49 AM PST

NEW YORK (AP) — Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for Spam and other cured, smoked and deli meats said Thursday that it's buying Skippy, the country's No. 2 peanut butter brand, for about $700 million.

Stocks sink as Congress heads for another showdown

Posted: 03 Jan 2013 07:44 AM PST

In this Monday, Dec. 31, 2012, photo, a trader works on the floor at the New York Stock Exchange in New York. Asian stocks rose Thursday, Jan. 3, 2013 a day after the U.S. reached a deal to stave off the so-called fiscal cliff, but enthusiasm waned by the time European markets opened. (AP Photo/Seth Wenig)NEW YORK (AP) — The stock market pulled back slightly Thursday, a day after the Dow Jones industrial average posted its strongest gain in more than a year.

Weekly US jobless aid applications rise to 372K

Posted: 03 Jan 2013 07:50 AM PST

In this Wednesday, Dec. 12 2012 photo a job seeker leaves his contact information with a potential employer during a job fair in New York. More Americans sought unemployment benefits in the last week of 2012, though the winter holidays likely distorted the data for the second straight week. (AP Photo/Mary Altaffer)WASHINGTON (AP) — More Americans sought unemployment benefits last week, though the winter holidays likely distorted the data for the second straight week.

Oil price slides as fiscal cliff rally fizzles

Posted: 03 Jan 2013 07:58 AM PST

NEW YORK (AP) — The price of oil fell Thursday as euphoria over a U.S. budget deal cooled and traders focused on ample crude supplies and lackluster demand.

Google chairman heading to North Korea

Posted: 03 Jan 2013 08:40 AM PST

FILE - In this Sept. 28, 2012 file photo, Google executive chairman Eric Schmidt arrives for a seminar at Yonsei University in Seoul, South Korea. Schmidt is preparing to travel to one of the last frontiers of cyberspace: North Korea. He will be traveling to North Korea on a private trip led by former New Mexico Gov. Bill Richardson that could take place as early as this month, sources told The Associated Press on Wednesday, Jan. 2, 2013. The sources, two people familiar with the group's plans, asked not to be named because the visit had not been made public. (AP Photo/Lee Jin-man, File)SEOUL, South Korea (AP) — When he lands in North Korea, even Google's executive chairman will likely have to relinquish his smartphone, leaving him disconnected from the global information network he helped build.

Macy's key revenue figure rises in December

Posted: 03 Jan 2013 07:20 AM PST

CINCINNATI (AP) — Macy's said Thursday that revenue in stores open at least one year rose 4.1 in December, edging past Wall Street estimates.

Starbucks to open 1st Vietnam cafe

Posted: 03 Jan 2013 05:52 AM PST

HANOI, Vietnam (AP) — Starbucks Corp. will open its first Vietnam cafe early next month in Ho Chi Minh City as part of its strategy to expand across Asia, the company said Thursday.
Posted by Harshad at 9:12 AM

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