Archive for: September, 2010

Some customers preferring to shop using mobiles exclusively

Shop Using Mobile Phones

A small number of mobile consumers prefer to shop using their mobile gadgets than using other ways, according to a new study by Millennial Media and comScore. The research found that of the 8 percent of mobile subscribers who are also shopping with their devices, 27 percent said they had bought or looked at retail […]

Mortgage rates remain flat for the week

Mortgage Rate

Freddie Mac reported in its weekly survey that fixed-rate mortgages did not change in the latest week, as they have yet to signal September’s sell-off in US treasuries. Mortgage rates have been in a prolonged decline for months and have hit record-lows, as yields on treasuries dropped amid the poor prospects of the economy. However, […]

Campaign for more transparent fees gains support

Airline Fees

A travel executive association announced that they have gained more support for a requirement by regulatory agencies for airlines to show extra fees on their websites and in reservation systems. The trio of groups, the American Society of Travel Agents, Business Travel Coalition, and the Consumer Travel Alliance submitted a petition with 50,000 signatures on […]

Abbott recalls Similac baby formula

Similac Baby Formula

Abbott Laboratories said on Wednesday that they are recalling about 5 million cans and plastic containers of Similac-brand infant formula because of a possible beetle contamination. “Abbott is recalling these products following an internal quality review, which detected the remote possibility of the presence of a small common beetle in the product in one production […]

Bill Gates still the richest American

Bill Gates

Microsoft co-founder and chairman Bill Gates, 54, topped the annual list of Forbes magazine’s 400 wealthiest Americans, with assets of approximately $54 billion. Investor Warren Buffett, 80, CEO of Berkshire Hathaway Inc., placed second in the rankings with $45 billion in assets. The two billionaires occupied the same positions on last year’s list. Wealth increased […]

US Dollar falls after Fed Reserve announcement

US Dollar Drops

The U.S. dollar dropped markedly against the yen and euro on Tuesday following the announcement by the Federal Reserve that it is preparing to further stimulate the fragile economy, increasing concerns that more dollars may be printed to help that action. A six-week high was hit by the euro against the greenback and the euro […]

IV aspirin effective for migraine, U.S. study finds

Intravenous Aspirin

A new study published in the journal Neurology reveals that aspirin which is administered intravenously is a safe and effective treatment to alleviate severe headaches and migraines of hospitalized patients. “Intravenous aspirin is not readily available in the United States, and only on a ‘named patient’ basis in the United Kingdom,” said Dr. Peter J. […]

Receiver Kenny McKinley found dead

Kenny McKinley

Denver Broncos wide receiver Kenny McKinley was found dead in his Colorado home late Monday from an apparent suicide. Police said that the 23-year old player died from a single gun shot which was likely self-inflicted. “Deputies discovered a male in the second-floor master bedroom of the home and determined that male was deceased,” a […]

Jodie Foster expresses support for Mel Gibson

Mel Gibson

Hollywood actress and director Jodie Foster said that she is standing by her longtime friend Mel Gibson, inspite of the actor’s controversial racist remarks, profanity-laced tirade directed against his wife, and recent troubles with the law. Foster, who starred in 1994’s “Maverick” with Gibson, expressed her support for the beleaguered actor and director, who is […]

COPD drug may treat asthma, study says

Asthma Treatment

American scientists said on Sunday that their study found that a drug used to treat chronic obstructive pulmonary disease (COPD) may also be effective for asthma. The researchers, led by Dr. Stephen Peters of Wake Forest University Baptist Medical Center, said that a few physicians already prescribe the drug Spiriva to adults with asthma, but […]

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