IBT Staff Reporter

A survey report showed that patients seeking treatment at Australian hospital increased at about 20 per cent than five years ago.

Democrats on Tuesday stripped out a controversial $17.9 billion tax from their landmark financial reform bill in a scramble to win the votes needed to pass it through Congress.

The International Monetary Fund is working to develop new lending instruments for economies hit by crises that are not of their own making, IMF Managing Director Dominique Strauss-Kahn said on Tuesday.

A Victorian report released on Wednesday showed that children in out-of-home care change schools often, repeat grades, drop out early and suffer high rates of mental and physical health problems.

UBS AG sued Highland Capital Management LP for $686 million, saying the hedge fund manager provided false financial information to avoid making payments on a transaction.

Several homeless people in Queensland will be facing tougher times once winter season starts.

Bank of America has leap-frogged U.S. rival JPMorgan to rank as the world's top bank in terms of capital strength while Industrial and Commercial Bank of China tops the profit league, according to a new study.

Venezuela's parliament declared on Tuesday that 11 oil rigs seized from U.S. company Helmerich and Payne were now state-owned property, formalizing a move by the government to nationalize them.

Global IT group IBM will defend itself from the state government's attempt to withhold payments following the Queensland Health payroll fiasco.

Hulu introduced a new paid subscription service for watching TV shows and movies on mobile devices, game consoles, television sets and computers, and joined other media companies trying to strike a balance between paid and ad supported models.

The Health Minister admits there have been flaws of the Victorian's ambulance services and would need improvements once new paramedics arrive under the government's regional ambulance policy.

U.S. companies could face as much as $1 trillion in additional costs as a result of new laws designed to reduce risks in the $450 trillion, privately traded derivatives market, a derivatives trade group said on Tuesday.

The Australian Dollar fell two US cents as markets reacted to evidence of a slowing in the global economic recovery.

A group of Lehman Brothers Holdings Inc's creditors, including the largest U.S. pension fund and a prominent hedge fund, said they object to the investment bank's Chapter 11 bankruptcy plan.

TransCanada Corp would offer equity stakes in its $41 billion Alaska gas pipeline to companies proposing a rival project, but there have been no talks to date, a TransCanada executive said on Tuesday.

WellPoint Inc has warned some 470,000 people who applied for its health insurance that a website security glitch may have exposed their Social Security numbers and other sensitive data to the public.

Several health groups have commended the move for Victoria to disclose the numbers of calories itno their food by major fast food outlets in 2012.

The U.S. Securities and Exchange Commission on Tuesday agreed to pay $755,000 to a former staff attorney who was fired while he was probing possible insider trading at a prominent hedge fund.

Democrats on Tuesday stripped out a controversial tax from their landmark financial reform bill as they scrambled to win the votes needed to pass it through Congress.

U.S. consumer confidence dropped in June after rising for three months, adding to the view the economic recovery is slowing, while home prices unexpectedly climbed in April.

Standard & Poor's on Tuesday said it may cut its ratings on rival rating agency Moody's Investors Corp, saying U.S. financial reforms may lower margins and increase litigation costs at credit rating agencies.

The U.S. Treasury Department lacks the manpower to properly monitor how big companies that got billions of taxpayers' money use it, a critical report on Tuesday from an oversight agency said.

Investors fled the U.S. stock market on Tuesday and the S&P 500 tumbled to its lowest level in eight months in a sell-off triggered by a wave of increasing alarm over the global economic outlook.

Employees in company retirement plans know they should set money aside but still fall short with their savings -- and employers could help them save more without increasing company costs, a study has found.

Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.

The Aussie sold off in Asia yesterday following some weaker than expected Japanese data and general risk aversion.

Free video website Hulu is trying its hand at a paid subscription model, unveiling a monthly payment plan called Hulu Plus that will give users access to full seasons of everything from Glee to The Office.

General Motors has revamped the way it operates, with sharply lower costs, stronger brands and gains in key emerging markets like China, Chief Executive Ed Whitacre said in a pitch for the company's planned IPO.

A group of Lehman Brothers Holdings Inc's creditors, including the largest U.S. pension fund and a prominent hedge fund, said they object to the investment bank's Chapter 11 bankruptcy plan.