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Monday, February 28, 2011

DAI: Wall St ends up, oil muddies bullish picture

Reuters
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02/28/2011
News Good evening Pan
LATEST NEWS
Wall St ends up, oil muddies bullish picture
NEW YORK (Reuters) - Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher. | Full Article
Consumer spending makes slow start, factories roar
February 28, 2011 04:14 PM ET
WASHINGTON (Reuters) - U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter. | Full Article
Blackstone to buy Centro malls for $9.4 billion: sources
February 28, 2011 01:39 PM ET
SYDNEY (Reuters) - Private equity firm Blackstone Group LP has struck a deal to buy nearly 600 U.S. strip malls and other properties from Australia's Centro Property Group for about $9.4 billion, people with direct knowledge of the transaction said on Monday. | Full Article
Barclays raises S&P 500 index 2011 target
February 28, 2011 02:58 PM ET
(Reuters) - Barclays Capital said it is more constructive about U.S. corporate earnings for 2011, citing increased confidence in financial sector margins and lower economic uncertainty, and raised its full-year price target for the S&P 500 index to 1,450 from 1,420. | Full Article
Ford CFO wants fewer incentives in Europe
February 28, 2011 03:03 PM ET
GENEVA (Reuters) - Ford Motor Co's financial chief wants automakers in the European market to adopt "rational" behavior and put an end to incentive rates he sees as excessive. | Full Article
US TOP NEWS
World raises pressure on Libya, battles for key towns
February 28, 2011 03:53 PM ET
TRIPOLI (Reuters) - Foreign powers talked openly on Monday of imposing a "no-fly" zone or making other military moves against Libyan leader Muammar Gaddafi, as rebels fought government forces trying to take back strategic coastal cities. | Full Article
Government shutdown unlikely, but budget battle continues
February 28, 2011 03:21 PM ET
WASHINGTON (Reuters) - A short-term deal taking shape in Congress to avert a government shutdown is only a temporary respite from a bitter debate over the federal budget as Democrats and Republicans clash over spending cuts. | Full Article
Wisconsin's Walker to absent Democrats: 24 hours to return
February 28, 2011 02:43 PM ET
MADISON, Wisc. (Reuters) - Wisconsin's Republican Gov. Scott Walker said on Monday that absent senate Democrats have 24 hours to return and vote on a measure to reduce the power of public sector unions or the state will miss out on opportunity to refinance its debt. | Full Article
Oil edges lower as traders eye Libya turmoil
February 28, 2011 04:25 PM ET
NEW YORK (Reuters) - Oil prices fell on Monday in volatile trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed wary investors to take a breather after Libya's turmoil sent prices to 2-1/2-year peaks last week. | Full Article
Special Report: U.S. cables detail Saudi royal welfare program
February 28, 2011 07:51 AM ET
LONDON (Reuters) - When Saudi King Abdullah arrived home last week, he came bearing gifts: handouts worth $37 billion, apparently intended to placate Saudis of modest means and insulate the world's biggest oil exporter from the wave of protest sweeping the Arab world. | Full Article
HEALTH NEWS
AIDS gel shown to protect anal tissue from HIV
Study links sugary drinks with high blood pressure
Obama offers states flexibility on healthcare law
Gates Foundation works to boost food production
Treat kids' discomfort, not fevers: Pediatricians
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Reuters Health Report

Reuters
If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE
02/28/2011
News Good Morning Pan
LATEST NEWS
AIDS gel shown to protect anal tissue from HIV
LOS ANGELES (Reuters) - An experimental gel containing a prescription HIV drug has been shown for the first time to protect rectal tissue against the virus that causes AIDS, according to new research. | Full Article
Doctors urge indoor tanning ban for minors
February 28, 2011 01:59 AM ET
NEW YORK (Reuters Health) - U.S. tanning salons should close their doors to minors to protect them from skin cancer, a group of 60,000 pediatricians said Monday in a new policy statement. | Full Article
U.S. measles outbreak feared after infected woman travels
February 27, 2011 05:37 PM ET
CHICAGO (Reuters) - State, local and federal health agencies are working to prevent an outbreak of measles after a woman carrying the contagious infection traveled widely within the United States, federal officials said on Sunday. | Full Article
New York state may cap Medicaid costs at $15.1 billion
February 25, 2011 01:23 PM ET
NEW YORK (Reuters) - New York state would cap its share of Medicaid at about $15.1 billion a year, slice costs with a 2 percent across-the-board reduction and shift all of the 4.7 million recipients to managed care over three years under a plan unveiled on Thursday. | Full Article
Lorillard, Reynolds sue FDA over menthol cigarettes
February 26, 2011 01:19 PM ET
WASHINGTON (Reuters) - Two tobacco companies went to court against U.S. health regulators on Friday, seeking to block consideration of an imminent advisory panel report that could recommend a ban on menthol-flavored cigarettes. | Full Article
US TOP NEWS
Rebels "down" Libyan aircraft, governments discuss next move
February 28, 2011 09:21 AM ET
TRIPOLI (Reuters) - Rebels downed a military aircraft on Monday as they fought a government bid to take back Libya's third city, Misrata, a witness said, while foreign ministers discussed how to help them oust Muammar Gaddafi. | Full Article
Economists list U.S. budget deficit as No. 1 worry
February 28, 2011 08:10 AM ET
WASHINGTON (Reuters) - The massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday. | Full Article
Special Report: U.S. cables detail Saudi royal welfare program
February 28, 2011 07:51 AM ET
LONDON (Reuters) - When Saudi King Abdullah arrived home last week, he came bearing gifts: handouts worth $37 billion, apparently intended to placate Saudis of modest means and insulate the world's biggest oil exporter from the wave of protest sweeping the Arab world. | Full Article
Congress inches back from budget shutdown abyss
February 28, 2011 01:32 AM ET
WASHINGTON (Reuters) - Playing for time to overcome a deep partisan impasse over the budget, senior lawmakers backed away on Sunday from a possible government shutdown. | Full Article
Oil prices turn negative on Saudi supply comments
February 28, 2011 07:25 AM ET
LONDON (Reuters) - Oil prices turned lower on Monday as reassurances from Saudi Arabia that extra supply needs had been met soothed market fears over the spread of protests to oil-producer Oman. | Full Article
BUSINESS NEWS
Wall Street opens higher on Bullard comments
January pending home sales fall faster than expected
January consumer spending edges up, incomes surge
HSBC cuts targets as capital rules bite, costs jump
Glencore IPO aims for the stars as Qatar eyes stake
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