TopNews

The US-based insurance firm AIG is going to pay 725 million dollars to end the fraud case running against the firm for a long time. This will be one of the biggest settlements in the history of US.

The allegations against AIG include its involvement in manipulation of stock price, fraud with the accounting and anti competitive behavior in the time period of 1999 to 2005. Because of these frauds the investors lost their millions of funds.

The capital region of Himachal Pradesh is suffering from the threat of diarrhoea these days. As the total number of cases in the state has gone up to 170 in last three days with 53 new cases of the disease added on Friday.

Among the worst affected areas hit by the disease, the crowded locality of Sanjauli is the one with the maximum number of cases. As out of the 53 cases, 37 were registered at Sanjauli dispensary only while the rest seven were at IGMC hospital and nine at Rippon hospital.

It has been reported that Saudi authorities have launched a crackdown on narcotics and have seized massive amounts of synthetic drugs and alcohol in the first six months of 2010.

Xinhua quoted Abdullah bin Saleh al-Kharboush, spokesman for the Saudi customs department, as telling the official SPA news agency that customs officials have seized 17 million amphetamine pills, 687 kg of hashish, nine kg of heroin and five kg of opium.

The consumer price index (CPI) of US has fallen down for the third month in a row in June which has increased concerns over the deflation.

According to the Labour Department the CPI has fell down by 0.1% in this month as compared to the previous month, before this fall the consumer price index fell down 0.2% in May and 0.1% in the month of April.

The main reason behind this fall could be the fall in the fuel prices, which has fell down by 2.9% compared to the previous season. But the economists have suggested that the core inflation rose by 0.2%.

The threat of swine flu has not completely moved out from the country as recently two more case of the HINI virus have been identified in Kolkata. These cases have made the total of the swine flu infected affected cases as 14.

Out of the total number around six cases have already been cured while the others are under treatment at treatment at ID Hospital in Beliaghata and in two private hospitals in the city.

It has been reported that U. S. Vice President Joe Biden Sunday countered suggestions of heavy Democratic losses in November, saying, "We're going to shock the heck out of everybody."

"I don't think the losses are going to be bad at all. I think we're going to shock the heck out of everybody.. We're going to be in great shape," Biden said, a week after White House spokesman Robert Gibbs said Democrats could lose their majority in the House.