IBT Staff Reporter

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Smoking rates have taken a dip in NSW

The percentage of people from ages 16 and over who smoke everyday or occasionally has taken a dip to 17 per cent in 2009 compared to 24 per cent in 1997, according to the latest findings od the NSW Health Survey.

Stocks rally as euro-zone fears wane

U.S. stocks capped their best three-day run in 10 months on Wednesday, lifted by technology and industrial shares after Spain unveiled an austerity plan that reassured investors Europe was addressing its fiscal ills.

Carmakers to struggle to beat electric car doubt

As much-hyped electric cars arrive in European dealerships, carmakers face an uphill struggle to change drivers' mindsets and convince them that running cost and emission advantages will compensate for a reduction in autonomy.

IBM aims to double profit

IBM forecast roughly doubling its profit by 2015 as it pushes further into emerging markets and lucrative services and software businesses, sending its shares up over 4 percent and boosting investor confidence in the tech sector.

AIG reviewing dealings with Goldman

AIG is reviewing its dealings with all its counterparties during the financial crisis, including Goldman Sachs Group Inc , to see if it was harmed, Chief Executive Robert Benmosche said on Wednesday.

U.S. posts 19th straight monthly budget deficit

The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

Stocks jump as euro-zone fears wane

Stocks rallied on Wednesday, lifted by technology and industrial shares after Spain unveiled an austerity plan that further eased investor concerns about the fiscal health of some European countries.

Trade gap hits 15-month high

The trade deficit hit its widest point in 15 months in March as a broadening economic recovery boosted demand for foreign goods, with a rise in exports and imports seen as a sign of growing global demand.

Macy's reports profit on sales, margin growth

Macy's Inc posted improved quarterly results on Wednesday as the department store operator benefited from a strong recovery in consumer spending and efforts to cater merchandise to local tastes.

Senate wades into mortgage finance in bank bill

The Federal Reserve scored a victory and mortgage bankers suffered a defeat on Wednesday as the U.S. Senate took aim at bank supervision and housing finance in its sprawling Wall Street reform effort.

IBM expects to double profit by 2015

IBM said it expects its profit to roughly double to more than $20 a share by 2015, helped by growth in emerging markets as well as the company's push into high-margin technology services and software businesses.

Falling mortar renews worry over Rome's Colosseum

ROME (Reuters Life!) - Falling chunks of mortar from Rome's Colosseum has rekindled the debate about the state of the Italian capital's archaeological treasures -- some of which are literally falling apart.

Obesity task force urges action

(Reuters) - First lady Michelle Obama on Tuesday unveiled a 70-point plan for reducing childhood obesity within a generation, including a call for marketing healthier food, but stopping short of recommending regulatory action or a federal tax on sugary sodas.

Entrepreneur revs up standard breathalyzer

CHICAGO (Reuters.com) - Some 80 years ago John Ruocco's then16-year-old uncle was struck and killed by a drunk driver in the Bronx. Although it happened years before he was born, Ruocco grew up hearing about the tragedy from his parents, who witnessed it, and vowed to do something about drunk driving. A couple of years ago Ruocco finally made good on the promise, developing a test that sends real...

Infections cause 68 pct of child deaths, study finds

(Reuters) - More than two thirds of the estimated 8.8 million deaths in children under five worldwide in 2008 were caused by infectious diseases like pneumonia, diarrhea and malaria, according to a study on behalf of the World Health Organization and the United Nations Children's Fund (UNICEF).

IEA lowers global oil demand forecast for 2010

The International Energy Agency revised its global oil demand forecast for 2010 down by 220,000 barrels a day, mostly due to changes to non-OECD historical data though also because of February data and preliminary estimates for March and April.

Will Euro Zone recovery prove bearish for Gold?

If US inflation concerns, Euro Zone debt crisis helped gold to surge to a recent high of Rs 1230 on Tuesday, subsequent news events don't paint a further bullish picture for the yellow metal. The negative factors for gold come from the vary zone that created the bull rally in gold the other day.

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