Category archives for: Featured News

Virgin Galactic makes debut solo flight

Private space ship

Virgin Galactic’s Enterprise has completed its solo test flight over California yesterday. The suborbital commercial spaceship was carried by a carrier aircraft and launched at an altitude of 45,000 ft (13,700 m) to land later at the Mojave Air and Space Port. Enterprise will soon accept more bookings for commercial passengers willing to spend about […]

U.S. dollar tumbles against euro

Dollar bills

The U.S. dollar dropped to its lowest mark in eight months versus the euro amid reports that the Federal Reserve may announce this week that it is adding government debt purchases to support a slow economic recovery. Meanwhile, the dollar also fell to a 15-year low against the yen following the latest Labor Department better-than-expected […]

Scientists identify obesity genes

Belly fat

At least 18 new gene sites associated with obesity and 13 others linked to body fat distribution were identified by international researchers in a new study published online on Sunday in the journal Nature Genetics. The large study analyzed data from 250,000 people and found 32 gene sites linked to obesity, 14 of which have […]

Lennon monument unveiled in Liverpool

John Lennon monument

A new monument in Liverpool was unveiled on Saturday by the son and first wife of Beatles late singer John Lennon to commemorate his 70th birthday. The 18-foot monument for promoting peace cost $350,000 to make, and its unveiling was one of many activities held around the world for Lennon, one of music history’s greatest […]

Geithner renews call for China to let yuan rise

U.S. Secretary Tim Geithner

United States Secretary Tim Geithner has reiterated his call for China to let its currency appreciate faster than other currencies during an International Monetary Fund (IMF) meeting in Washington. Geithner said without specifically naming China that the world’s economy would slow down unless export-oriented economies would revamp their economic policies and adopt “a more flexible, […]

Gap withdraws new logo after drawing some flak

Gap logo image

Clothing chain Gap has backtracked on the launch of its new logo after drawing severe criticism especially online. Gap’s new logo with a small blue square on the upper right part triggered a firestorm of rebuke and criticism from its customers and graphic designers on the Internet soon after it was revealed on the company’s […]

Warnes Bros. cancels 3D Harry Potter film

Warner Bros. cancels 3D Harry Potter film

Warner Bros. announced on Friday that it is cancelling its release of the 3D version of “Harry Potter and the Deathly Hallows, Part I”, citing time constraints. Instead, the studio will now release the film only in 2D, and not both in 2D and 3D as originally planned. “Despite everyone’s best efforts, we were unable […]

Abbott withdraws anti-obesity drug

Abbott withdraws anti-obesity drug

U.S.-based Abbot Laboratories announced on Friday that it is withdrawing its anti-obesity drug Meridia from the U.S. market after European lab tests showed that the drug raised the risk of heart issues. The U.S. Food and Drug Administration requested Abbott to pull out the drug from pharmacy shelves, after the regulatory agency received the findings […]

Obama vetoes foreclosure bill

Obama vetoes forclosure bill

President Obama on Thursday did not sign a bill that would ease restrictions on notarization of foreclosure documents and allow them to be prepared electronically, citing concerns that the measure could worsen the problems caused my erroneous foreclosure documents filed by banks. The president wants the bill to be sent back to Congress for fixing […]

Judge upholds healthcare reform law

Judge upholds healthcare reform

A federal judge upheld on Thursday a crucial element of the administration’s landmark healthcare reform law that requires more Americans to be covered. The ruling by U.S. District Judge George Steeh defeated the lawsuit filed by conservative interest group The Thomas More Law Center in Michigan, who claimed that the provision requiring Americans to get […]

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