Home » Archive for May, 2012
OTC Test for HIV Endorsed By FDA Panel
A Food and Drug Administration panel has endorsed an HIV test that would be available over the counter and can give a diagnosis in only 20 minutes. The test could receive FDA approval before the end of 2012. The OraQuick HIV Test is... More of this article »
GM Says No More Facebook Ads
U.S. automaker General Motors announced just a few days prior to the historic Facebook IPO that it will stop advertising its products on the social networking site. The Detroit-based carmaker said that paid advertising does not impact... More of this article »
Travelers Might Skimp During Summer Vacations
The Memorial Day holiday is just a few weeks away and AAA said there should be an increase in the number of people who travel this year for the holiday as opposed to last year. However, that rate is not expected to be too much higher. The... More of this article »
J.C. Penney Sees Stock Drop
Retailer J.C. Penney gave its investors two good reasons to sell off on Tuesday. The retailer announced it was suspending its stock dividend and said sales were plummeting. The budget conscious retailer said sales dropped by nearly... More of this article »
Marijuana Helps Multiple Sclerosis Sufferers
There are a number of multiple sclerosis sufferers who say smoking marijuana relieves the symptoms, although there has never been testing done on the subject. However, a new study found that smoking marijuana does have a measurable... More of this article »
Ex-Crew Member of Cruise Line Sentenced For Sex Offenses
A former crewmember of Cunard Cruise line was sentenced on Friday in Swindon Crown Court to four years behind bars for sexually assaulting children who were in his care, while he was employed by Cunard. Paul Trotter of West Yorkshire... More of this article »
Trading Halted on 379 Stocks by SEC
On Monday, the SEC shut down the trading of close to 400 microcap stocks. The Security and Exchange Commission launched their biggest effort to date to crack fraud before it takes place through the use of shell companies. The SEC is... More of this article »
Societe Generale Sees 20% Drop In Profits In First Quarter (PINK: SCGLY)
Société Générale announced that its first-quarter net income decreased 20% from the same quarter a year earlier. The French bank said that its first-quarter net income fell due to unloaded assets and booking a charge on the cost... More of this article »
First JPMorgan Executive Gone After Trading Losses
The executive, who was responsible for the JPMorgan Chase trading strategy and one of the highest-ranked women on Wall Street, became the first casualty on Monday of the bank’s huge $2 billion loss in trading. The Chief Investment... More of this article »
Batteries Are Causing More Kids to visit ERs
It is becoming more and more common for kids to show up at emergency rooms around the U.S. because of batteries. Batteries are being swallowed and lodged in ears and noses. The number of kids who are being treated for that kind of... More of this article »
Desperate Housewives’ Finale Ends Eight-Year Run
The hit series Desperate Housewives ended its eight-season run on ABC with an affectionate, tidy ending. The ending was not characteristic of the racy, rocky, macabre series. Everyone on the show is destined to live a happy life after... More of this article »
Whooping Cough Worries Washington Officials
Officials in Washington have said the recent outbreak of whooping cough or pertussis, which is sometimes fatal in infants, could be the worst epidemic in the state since the 1940s. The infectious respiratory condition was once considered... More of this article »
China Lowers Bank Reserves to Boost Economy
The Chinese government’s central bank lowered the amount of reserves a bank must maintain. The Saturday announcement opened the door for over $63.5 billion dollars in the banking system to be used for loans. The government hopes... More of this article »
Plane Crash Kills Four
A plane crash in the southeastern part of Kansas took the lives of four people who were in route to a Christian youth conference. The only survivor of the crash was a recent graduate of Oral Roberts University. The Cessna twin-engine... More of this article »
Smartphones are all about Location
With more smartphones being used by Americans, it means more of them are using their devices to obtain information about locations or to let their friends and family know about their whereabouts, said a recent study. The report found... More of this article »
Federal Case Costs Omnicare $50 million
Omnicare announced it would pay out $50 million to settle the allegations it incorrectly dispensed medications for patients in nursing homes without signed prescriptions by a doctor since 2007. Steven Dettelbach a U.S. Attorney told... More of this article »
Sheriff in Arizona Drops Bid for Congress
Paul Babeu, an Arizona sheriff has opted to drop his bid for a congressional seat after his campaign ran into a problem when it was disclosed he was gay during allegations that he had threatened a former boyfriend with deportation.... More of this article »
Warnings Released By FDA over MS Treatment
The Food and Drug Administration has announced that a new experimental therapy for multiple sclerosis has resulted in death, nerve damage, stroke and bleeding in the abdomen, without having any benefits that have been proven for those... More of this article »
Bank Shares Hit Thanks to JPMorgan
The multi-billion dollar loss suffered by JPMorgan Chase helped drag down other bank stocks in early morning trading on Friday. The blunder by JPMorgan undermined the confidence of investors in other finance firms in Wall Street. The... More of this article »
China Suspends Trips to Philippines Due to Dispute
On Thursday, the media in China announced that the majority of travel agencies in the country had suspended all trips to the Philippines because of an escalating exchange of verbal barbs regarding a disputed chain of islands in the... More of this article »
Dignified Death Law Approved in Argentina
The senate in Argentina overwhelmingly approved on Wednesday a law giving patients who are terminally ill and their families, additional powers to make decisions to end the life of the patient. The law was passed by a unanimous vote... More of this article »
Sony Loses $5.6 billion
Sony Corp announced on Thursday that it had posted a loss of $5.6 billion for the year. The record loss for the fiscal year is due to overall global turmoil economically, the long term after affects of the earthquake and tsunami that... More of this article »
Hostage Held by Taliban Offered In Trade
The parents of Sgt. Bowe Bergdahl, a U.S. soldier held hostage by the Taliban for three years; say the U.S. is moving too slow in trying to secure their son’s release. The soldier’s parents went public with attempts that were previously... More of this article »
Over 16% of Cancers Caused By Infections
Two million cancer cases worldwide annually are caused by infections that are treatable, says a new study. Of the more than 7.5 million people who lost their lives to cancer across the globe in 2008, close to 1.5 million were from... More of this article »
Russian Airliner Disappears from Radar
A Russian airplane carrying 50 people fell off radar screens in Indonesia, while flying in the mountainous area of the country. The flight was a demonstration flight for the new civilian plane for journalists and potential buyers. Teams... More of this article »
Three Italian Soccer Clubs Under Investigation
Three top-flight professional soccer clubs in Italy’s Serie A league are under investigation for match fixing. The three teams Siena, Novara and Atalanta are alleged to have manipulated games and bet on the results, said the Italian... More of this article »
New Plot to Blow Up Plane Foiled
The U.S. with the help of other intelligence agencies was able to break up a bomb plot. The plot was to have a bomb explode on a commercial airline flight destined for the United States. The CIA was able to seize the explosive device... More of this article »
Powdered Baby Flesh Filled Pills Found in South Korea
South Korean customs officials located thousands of pills that were filled with powdered human flesh. The capsules have become very popular of late, as they are thought to be a medical cure all. The makers of these pills are from China,... More of this article »
President of Ohio State Has Travel bill exceeding $840,000
The University of Ohio State spent over $840,000 on travel by school president Gordon Gee since 2007. Over $550,000 of that total was spent in the last two years including two visits to China and two other trips that included stops... More of this article »
Nokia Reports Loss Of $1.2 Billion In First Quarter (NYSE: NOK)
Nokia reported a loss of €929 million (equivalent to $1.2 billion) in the first quarter of 2012. A year earlier, Nokia posted a €344 million profit. Sales plunged 29% to €7.4 billion from €10.4 billion a year earlier. ... More of this article »
Senior Leader In al-Qaeda Killed in Airstrike
On Sunday, an airstrike killed one of al-Qaeda’s leaders who was on the most wanted list for the FBI. He was involved with the bombing of the U.S. warship USS Cole in 2000, said Yemeni officials. The drone attack was done by the... More of this article »
Goober Pyle from The Andy Griffith Show Dies
The grinning gas station attendant from The Andy Griffith Show know to all those who watched as Goober Pyle, has died. George Lindsey, 83, was also for his role on the long running Hee Haw. Lindsey died, said a Nashville funeral home,... More of this article »
One Drug For Many Brain Diseases
The thought of treating a number of different brain diseases like Parkinson’s and Alzheimer’s with the same drug once was thought impossible, but UK researchers may have an answer. A recent study, says they prevented brain cells... More of this article »
Intel Predicts Increasing Growth Ahead (NASDAQ: INTC)
Intel reported that it’s net income for the first quarter of 2012 was $2.7 billion, or $0.53 a share. This was a drop of 13.4% from $3.2 billion, or $0.56 a share, a year ago. Revenue was up slightly to $12.9 billion from $12.8... More of this article »
Leader is Dead, but Border Guard to Continue
Jason Todd Ready or JT died last week from a self-inflicted gunshot wound. He was a former neo-Nazi and founded a group that patrolled the desert border between Arizona and Mexico for drug smugglers and illegal immigrants. Without... More of this article »
Difficult for Travelers to Maintain tabs on Tablets
Travelers are finding they are leaving their electronic tablets and other personal electronic devices on board airplanes, in hotels and even near the pool while on vacation. One industry expert said that many people have two or three... More of this article »
Facebook Hitting the Road to Convince Investors
Facebook is already assured of being one of the most valued companies in the U.S. when it offers its IPO later this month. However, it must convince its investors it is worth the hype that is taking place now. Facebook’s top executives... More of this article »
Oil Drops 6% this week
The price of crude oil plummeted 6% between Monday and Friday. For the time being, that has eased Americans’ fears of paying $5 per gallon at the pumps. The per barrel price of crude fell below the $100 price for the first time since... More of this article »
U.S. Changes Work-Visa Program for Students
On Friday, the State Department released its overhaul of the work-visa program following an investigation into widespread abuses of the program. The Visa in question was the J-1 Summer Travel and Work Program, which allows over 100,000... More of this article »
Zoe Saldana on Children and Plastic Surgery
Since her late teens, Zoe Saldana felt a maternal urge, however her career has led her down another path. The star of Avatar, revealed she wanted to have kids with Keith Britton, her ex-finance, early into the 11-year relationship... More of this article »
Horizon Air to Pay Fine
A fine of $45,125 is being proposed by the Federal Aviation Administration against Horizon Air, as it has accused it of operating a twin-engine small aircraft without having it inspected for corrosion or cracks in the engine area.... More of this article »
More Girls Remaining Virgins Longer
A recent study shows that more girls across the U.S. are abstaining from sex until late in their teens and even into their 20s. The biggest decline in the rate of sexual activity is among Hispanics and African-Americans said the study... More of this article »
Bin Laden Used Many Methods to Travel Undetected
U.S. Navy Seals found 17 letters written by Osama bin Laden when they raided his compound in 2011. One of those letters reveals what the head of al-Qaeda did to keep him and family members hidden and reveals how he was able to remain... More of this article »
Visas and Unfriendly Security Hurting U.S. Tourism
Increasing the number of foreign tourists visiting the United States would help to improve the economic outlook of the country. However, a costly process to obtain visas and a generally unwelcoming immigration and airport security... More of this article »
Medicare Fraud Charged against 107
Federal authorities have charged 107 people over Medicare fraud. The multistate operation allegedly involved over $452 million in billing that was false said Washington officials. Federal law enforcement officials charged doctors,... More of this article »
Thirteen Face Charges In Hazing
A prosecutor in Florida announced on Wednesday that the state charged 13 people in connection with Robert Champion’s death. Champion was a drum major from Florida A&M who allegedly was beaten to death during a hazing ritual on... More of this article »
Gloom, Anger and Elation Expressed by Workers
Workers from around the world celebrated May Day expressing a gamut of different emotions from fear and anger to elation and despair. In Europe, the unemployed took to the streets to denounce the many austerity measures being put in... More of this article »
Pfizer Reports Fall in Earnings
Pharmaceutical giant Pfizer announced that its net income had fallen in the latest quarter. Sales dropped following the exclusivity that was lost by the company on Lipitor, the cholesterol drug, in November. Pfizer, the largest drug... More of this article »