Four Patients Infected with Superbug at Cedars-Sinai Medical Center

On Wednesday, Cedars-Sinai Medical Center said that four patients have been infected with an antibiotic-resistant superbug linked to a type of medical scope.

The incident has taken place two weeks after a similar incident took place at Ronald Regan UCLA Medical Center. In the outbreak, seven patients became sick due to a superbug known as CRE after undergoing endoscopic procedures.

Cedars stated that since the time it has come to know about the ULCA outbreak, it has stopped conducting the procedures. The hospital said that it has launched an investigation. As per the hospital, the germ might have been passed from a duodenoscope made by Olympus Corp. during the procedures carried out between late August and January.

Iowa organizations join hands to preserve monarch butterfly declining population

In a bid to improve the monarch butterfly population across the state, several Iowa organizations have joined hands to launch new efforts.

The Iowa Monarch Conservation Consortium has been established through efforts of the Iowa State University's College of Agriculture and Life Sciences, the Iowa Department of Agriculture and Land Stewardship and the Iowa Department of Natural Resources. The consortium will take necessary steps to enhance monarch butterfly population, which is declining in recent years.

Partners in the Iowa Monarch Conservation Consortium include state-wide farming and conservation organizations, agencies and companies.

Astronomers observe Mysterious and Dusty A1689-zD1 Galaxy

Astronomers observed extremely far objects in the space to look back into ancient times. A photo of the sun from earth could show how the sun was about eight minutes ago as it takes about eight minutes to reach the light from the sun to earth. An observation of galaxy situated at a distance of billions of light years tells how the galaxy was about billions of years ago.

Astronomers observed galaxy A1689-zD1 as the light that the galaxy emits bent by a huge galaxy cluster Abell 1689 in the constellation Virgo nearly 2.2 billion light years away. According to astronomers, the galaxy formed an equivalent of 12 solar mass worth of new stars per year. The most surprising thing for astronomers was the dust that A1689-zD1 had.

Shares of Lumber Liquidators face selling pressure

According to Eight Analysts, the mean estimate for the short term price target for hardwood flooring major Lumber Liquidators Holding stood at $63.13. A New York lawmaker on Tuesday called upon the state to start an investigation regarding Lumber Liquidators to see if its China-sourced laminate flooring contains unsafe levels of formaldehyde.

Shares of Lumber Liquidators Holdings Inc. fell over the past week. As per market analysts, the drop was ignited by allegations of excessive formaldehyde in its flooring.

Analysts said that it is high time for the investors of the company to remain cautious as the stock might still face changes from its mean price. The higher price target estimate for the stock has been calculated at $110, whereas the lower price target estimate is at $47.

Best Buy Boosts Revenue by 1.3% in 4th Quarter

On Tuesday, Best Buy Co Inc announced its revenue for the fourth quarter has increased 1.3% amounting to $14.2 billion. The largest US consumer electronics chain affirmed that its recent holiday season turned out to be a great one.

As per the chain, the sales increased due to more than expected sales of big-screen TVs and mobile phones. Counting special items, the chain was able to beat the predictions of analysts for the fourth quarter.

Hubert Joly, Best Buy's president and CEO, was of the view, "these two categories were the primary drivers of our year-over-year revenue growth, and more than offset weakness in the tablet category which was impacted by material industry declines".

Top Business Executives ask Congress to give Obama Authority to Negotiate International Trade Deals

Top business executives in the United States have been urging Congress to give President of the United States Barack Obama authority to negotiate international trade deals. As per the business executives, trade could increase employment in the country and competitiveness for their companies in other countries.

On Tuesday, the lobbying group Business Roundtable released a report where top CEOs of the country said that their expectations for the country's economy have improved, but the businesses still needs confidence to increase hiring and that would come with trade.

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Nasdaq Composite and Dow Jones (DJIA) Trade at All-time Highs; Investors Looking for US Fed Rate Cuts

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Kotak Mahindra Bank Share Price Target at Rs 2,362: Deven Choksey Research

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