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Pepco Holdings Inc., an electric and natural gas utility company, released its fourth quarter and full year results today. The company posted a decrease in net profit for the fourth quarter as well as for the full year 2009. The decline in the profit was mainly attributable to the lower demand and higher expenses.

Pepco said the demand was lower in the period as mild weather hurt retail commercial and industrial electricity sales. The power delivery and competitive Energy segments of company were hurt the most by the lower demand.

Amidst the hope to live a healthy life and avoid the panic of the breast cancer in one breast to spread in the other breast which is healthy and is not affected by the lethal disease, are choosing to remove the healthy breast with a hope to prevent a second cancer.

According to new research findings, the elective surgery only improves survival rate in a small group of women, the one who are under the age of 50 and are in the early stages of a type of breast cancer known as estrogen receptor-negative cancer.

However such group of women's only accounts for fewer than 10 percent of all, with breast cancer.

Social Networking website Facebook has been awarded a patent for its famous newsfeed and features embedded in it, which many of its rivals in the social networking arena is trying to imitate.

The patent was granted by the U. S. Patent and Trademark Office, for the way of showcasing news feed in a social network environment.

However to fulfill its dreams, Facebook applied for the patent in August 2006, approximately a month before the inaugural of social networking on the red carpet of college students and Internet users.

A Hong Kong jewellery company in china sold off a 507-carat unpolished diamond, registering its name for the world record, with $35.3 million yield.

Miner Petra Diamonds company disposed off the Cullinan Heritage diamond in a tender to South Africa's Chow Tai Fook Jewellery Company in Hong Kong, with the highest price tag ever acclaimed for any rough diamond.

The estimates of the brilliant stone have underlined the market strength in the world of magnificent diamonds. According to the researchers, the diamond is the rarest quality stone ever discovered, to fetch a big sum.

The Federal Deposit Insurance Corp. has closed two more banks in Washington and Nevada. Till date, 22 banks have been shut down by the regulators in 2010.

Carson River Community Bank, based in Carson City, Nevada and Rainier Pacific Bank in Tacoma, Washington are the two banks to be shut down. The two banks have a total of $768.9 million in assets. The failures are expected to cost the Deposit Insurance Fund $103.1 million.

The Federal Deposit Insurance Corp. was appointed receiver of both the banks on Friday.