Chevy Impala, Medicare Fraud: Hot Trends

Chevy Impala, 'Medicare fraud,' 30-year mortgage and Ford Ranger are the trending topics on Google and Yahoo.
Publish date:



) -- "Chevy Impala" is trending after

General Motors

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announced it is recalling 322,409 2009 and 2010 Chevrolet Impalas due to possible faulty front seat belt webbing.

The seat belt may not have been properly secured to the lap belt anchor during manufacturing in some of the cars. As a result, the seat belt could potentially separate from the anchor in a crash, and therefore would not meet specific seat belt requirements of the U.S. and Canadian Motor Vehicle Safety Standard.

GM dealers will inspect and reinstall the seat belt anchors if necessary free of charge to the vehicle owner.

"Medicare fraud" is a trending topic today after federal prosecutors charged 73 people involved in crooked medical clinics with fraud.

A network of Armenian gangsters used fake health care clinics to try to cheat the Medicare system out of $163 million. The network allegedly set up almost 120 phantom health clinics in 25 states and stole the identities of doctors and patients to claim millions of dollars in Medicare reimbursements.

The scam was led by Armenian crime boss Armen Kazarian who is now in custody in Los Angeles.

"30 year mortgage" is a trending search topic today after

Freddie Mac's


weekly mortgage rates survey showed that mortgage rates dropped again this week.

The average 30-year fixed mortgage rate fell to 4.19% from last week's 4.27%. A year ago at this time, the average 30-year rate was 4.92%.

"September's employment report held no big surprises to financial markets, allowing long-term bond yields and fix mortgage rates to continue to ease," said Frank Nothaft, vice president and chief economist of Freddie Mac. "As a result, both the 30-year and 15-year fixed mortgage rates hit all-time record lows for the third consecutive week.

The average 15-year fixed mortgage rate dropped to 3.62% from last week's 3.72%.

"Ford Ranger" is a heavily searched phrase today after the new 2011


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Ranger truck was unveiled at the Australian International Motor Show in Sydney.

"We know pickups, so we leveraged our best expertise from around the globe to create the all-new Ford Ranger," Derrick Kuzak, group vice president of global product development, said in a press release.

At the show, Ford did not specify if or when the truck will be available in the U.S., but it said that the truck should hit the European market by 2012.

The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.

-- Written by Theresa McCabe in Boston.

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