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By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks dipped on Monday, weighed down by soft data out of China and Boeing's latest production setback. Merger and acquisition announcements, however, as well as company-specific news including on Facebook and Alexion Pharma, helped keep the S&P 500 and Nasdaq from bigger losses. China's exports unexpectedly tumbled 18.1 percent in February, against expectations for a 6.8 percent rise, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy. There's a little bit of profit-taking," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.
By David Quiñones MIAMI (Reuters) - A group of passengers suing Carnival cruise lines for damages after an engine fire left their ship adrift for days are asking the company to pay $5,000 a month for the rest of their lives for medical bills and mental anguish. A lawsuit brought by 33 passengers of the ill-fated 2013 voyage could change how cruise lines insulate themselves from legal actions, according to maritime legal experts. A second pending lawsuit with three-times as many plaintiffs has the potential to further undo the advantageous legal position cruise lines have long enjoyed. Stalled in the Gulf of Mexico for five days, passengers described human waste seeping into hallways, and being forced to sleep on deck under makeshift tarps with no cooked food.
The number of children affected by the civil war in Syria has more than doubled over the past year, with hundreds of thousands of young Syrians trapped in besieged parts of the country, the United Nations Children's Fund said on Monday. "After three years of conflict and turmoil, Syria is now one of the most dangerous places on earth to be a child," said the UNICEF report. "In their thousands, children have lost lives and limbs, along with virtually every aspect of their childhood." "They have lost classrooms and teachers, brothers and sisters, friends, caregivers, homes and stability," it said. "Instead of learning and playing, many have been forced into the workplace, are being recruited to fight, or subjected to enforced idleness." UNICEF said the child casualty rates were the highest recorded in any recent conflict in the region.
(Reuters) - Ted Turner, the founder of cable TV network CNN, said on Monday he was heading back to the United States from Argentina after "a minor surgical procedure due to appendicitis." The 75-year-old was rushed to a hospital in Argentina's Patagonia region on Friday with acute abdominal pain before flying to the capital, Buenos Aires, where he underwent surgery. "The doctors and medical staff at both hospitals in Bariloche and Buenos Aires were amazing and took really good care of me." Turner owns vast tracts of ranch land near the lakeside city of Bariloche along the Andes. After launching Turner Broadcasting System in the 1970s, Turner created CNN in 1980 as the world's first 24-hour cable news channel.
By David Morgan WASHINGTON (Reuters) - The Obama administration, in an abrupt about-face, said on Monday it would drop proposed changes to Medicare drug coverage that met wide opposition on grounds they would harm health benefits for the elderly and disabled. Late last week, more than 370 organizations representing insurers, drug makers, pharmacies, health providers and patients urged the Centers for Medicare and Medicaid Services (CMS) to withdraw changes it had proposed for Medicare Part D. One of the federal government's most successful and cost-effective healthcare programs, Part D provides drug benefits for the elderly and disabled through private insurers to 36 million enrollees. Critics said the changes, if adopted in coming months, could not only undermine Part D benefits but impact drug benefits available through Medicare Advantage, a program that allows Medicare beneficiaries to obtain their major medical coverage through private insurers. We will engage in further stakeholder input before advancing some or all of the changes in these areas in future years," CMS Administrator Marilyn Tavenner advised in a letter sent on Monday to members of the Senate and House of Representatives.
A second baby born with the AIDS virus may have had her infection put into remission and possibly cured by very early treatment — in this instance, four hours after birth.
THURSDAY, Feb. 20, 2014 (HealthDay News) -- Fishing line and sewing thread can create powerful artificial muscles that could be used to help disabled people or to build incredibly strong robots, a new study says. Compared to human muscle of the sa...
THURSDAY, Feb. 20, 2014 (HealthDay News) -- Older adults with slightly elevated thyroid activity may be at increased risk for depression, a new study indicates. Researchers analyzed data from more than 1,500 people, average age 70, who were depres...
THURSDAY, Feb. 20, 2014 (HealthDay News) -- The flu is hitting younger and middle-aged adults unusually hard this season, but getting vaccinated reduces the need for a doctor's care, U.S. health officials said Thursday. People aged 18 to 64 repres...
ATLANTA (AP) — Flu season seems to be winding down, and it's been an odd one.