IBT Staff Reporter

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Dow Chemical profit misses estimates, shares plunge

Dow Chemical Co , the biggest U.S. chemical maker, posted a lower-than-expected quarterly profit on Tuesday as it idled several plants to retool for higher production rates, sending shares down nearly 9 percent.

Stocks retreat on data on day after rally

Stocks slipped on Tuesday as Dow component Procter & Gamble Co.'s lackluster results, coupled with weaker-than-estimated data on consumer spending and housing, prompted investors to exercise caution a day after the market's 2 percent rally.

Pfizer reassures on long-term view

Pfizer Inc posted higher-than-expected quarterly results and stood by its longer-term profit view, allaying investor concern over looming generic drug competition and lifting its shares almost 6 percent.

Donald Trump sued for fraud over Trump SoHo condo

Donald Trump and the promoters of his Trump SoHo hotel-condominium were sued by buyers who accused them of fraudulently touting out-sized sales figures to encourage them to buy units and inflate the project's financial health.

Stay healthy by drinking camel milk

Camel milk has been long known for its curative properties - it contains high concentration of lactoferrin that has amazing anti-viral and anti-bacterial properties.

Full-fat dairy cuts down risk of heart-related deaths

The latest research by the Queensland Institute of Medical Research (QIMR) has revealed something that dairy food-enthusiasts will be happy to know - full-fat dairy products are not only harmless and that they may reduce the risk of heart-related deaths.

Victorians clueless about cancer risk factors

The recently released survey conducted by the Cancer Council Victoria reveals an interesting observation - majority of Victorians are clueless about the fact that failure to exercise can rise up their risk of developing cancer.

GM July U.S. sales up 5 percent

General Motors Co posted a 5 percent gain in July U.S. sales on Tuesday which it said underscored evidence of progress in the year since its emergence from a U.S. government-funded bankruptcy.

Venice, Italy

Venice captivates all who fall under her spell. She is the goddess of all things romantic and mercantile. She represents a lost world, a last link with a vanished history.

Wall Street falls on P&G and data

Stocks fell on Tuesday after disappointing results from Dow component Procter & Gamble and weak economic data, but a bullish profit and outlook from Pfizer, the world's largest drugmaker, helped limit losses.

WorkCover bares 94 asbestos complaints in public, private schools

WorkCover NSW on Tuesday revealed that it received 94 complaints about asbestos in public and private schools since 2007. Notices to correct the safety breaches were issued but this was not enough to shield WorkCover against criticisms from the opposition and the Greens.

Wall St drops on P&G's results

Stocks slipped on Tuesday after disappointing results from Dow component Procter & Gamble and some discouraging economic data, but robust earnings from drug giant Pfizer limited the market's decline.

June pending home sales fall to record low

Contracts for pending sales of previously owned U.S. homes fell to a record low in June as buyers sat on the sidelines, a survey from the National Association of Realtors showed on Tuesday.

Pfizer profit beats, reassures on long-term view

Pfizer Inc posted higher-than-expected quarterly results and stood by its longer-term profit view, allaying investor concern over looming generic drug competition and lifting its shares 5 percent.

Geithner: unemployment could rise

Treasury Secretary Timothy Geithner said the U.S. unemployment rate could rise for two months before it drops, potentially deepening Democrats' problems in the November congressional elections.

Flat consumer spending adds to recovery worries

Consumer spending and incomes were flat in June while the index for pending sales of previously owned homes fell to a record low, implying an anemic economic recovery for the remainder of this year.

MasterCard profit rises 31 percent

MasterCard Inc , the world's second-largest credit- and debit-card processing network, said its second-quarter profit rose 31 percent, beating expectations as the company reined in expenses and consumers slowly resumed spending and traveling abroad.

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