In a startling revelation, a new government study has showed a whopping surge in the number of diabetic patients living in the United States. According to the researchers, the number of Americans suffering from the disease has spiked to 29 million. According to a report released by the Centers for Disease Control and Prevention (CDC), the number of diabetes cases increased from 26 million to 29 … [Read more...]
Household values, Stocks push America’s wealth to record high
A rise in home values and stocks pushed Americans' wealth to a fresh record high in the first quarter of the year, defying the headwinds of an economy weakened by harsh winter weather. The household wealth climbed at a fresh high amid improvements in labor market and gains in the stock and residential real estate markets that are giving balance sheets a lift. According to a report by the … [Read more...]
Wall Street – Yields reach 11 months low for US Bond Market
The party seems to be over in the US Treasury bond market as the rally in bonds has surprised many by taking the 10-year yields to their lowest levels in 11 months. The soaring prices have pushed the benchmark 10-year yields to 2.422 percent on Thursday. This is the lowest since last June. The low level of yields comes at a time when the US Federal Reserve has eased its bond-buying stimulus … [Read more...]
US Federal Charge Iowa Egg Company for 2010 Salmonella Outbreak
In a major development in the 2010 salmonella outbreak that left thousands sick, an Iowa company and two executives have been charged for selling the eggs that they believe were responsible for the spread of the disease. The salmonella outbreak had led to an unprecedented recall of 550 million eggs. Quality Egg LLC’s Austin "Jack" Quality Egg LLC’were charged with introducing adulterated … [Read more...]
LG Reduces Price of its Curved OLED TV By Almost Half in the US
LG had launched an innovative set in the television category of products just a year back. The set sporting the model number 55EA9800 had been launched with a price tag of $14,999. The uniqueness of the set is its 55 inch curved display panel based on OLED technology. The same set had been launched in Britain for £7,999. However, just six months down the line and the price of the set has been … [Read more...]