IBT Staff Reporter

The Australian dollar has opened this morning close to USD0.8950 after a relatively quiet trading session overnight.

Cisco Systems Inc's quarterly results topped Wall Street expectations and Chief Executive John Chambers said the network equipment maker is gaining market share as the global economic recovery accelerates.

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

Cisco Systems Inc reported stronger-than-expected quarterly results thanks to a pick-up in the global economy and growing Internet use, and CEO John Chambers said it was gaining market share.

Scientists have discovered a cure for the dreaded Monday morning blues - stop sleeping in on weekends.

On Monday, Hobart City Council aldermen have agreed unanimously to make Elizabeth Mall, the bus mall and Wellington Court smoke-free zones.

Cisco Systems Inc reported stronger-than-expected quarterly results thanks to a pick-up in the global economy and growing Internet use, and CEO John Chambers said it was gaining market share.

Spain belatedly joined the euro zone's austerity bandwagon Wednesday in response to a widening debt crisis as the European Commission sought an unprecedented right of prior review of national budgets.

Cisco Systems Inc reported stronger-than-expected quarterly results as a recovering global economy and growing Internet use prompted companies to upgrade their networks.

The Australian dollar is weaker once again versus the Greenback starting today at 0.8945 US.

The marketing and sale of the antidote for acetaminophen poisoning through, Acetadote (R) Injection has been approved in Australia, announced Cumberland Pharmaceuticals Inc. (CPIX) and Phebra Pty Ltd.

Recent report released by Go Grains, studying the health effects of diet packed with wholegrains and legumes found that they carry extensive health benefits - reducing risks of heart disease, diabetes and cancer.

Recalling the last time you had the tetanus shot, will soon be an easy click of the computer mouse button, starting middle of 2012, says Rudd government.

Americans are as charitable as ever, but they are changing the way they give money.

A pattern of genes - that may predict 20 per cent of children with leukaemia who would require the most invasive cancer treatments - has been discovered by Australian scientists.

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.

HTC Corp said on Wednesday it filed a patent infringement case against Apple Inc and asked the U.S. International Trade Commission to ban U.S. sales of iPhones, iPads and iPods.

The growth of video distributors on the Web and new video-enabled devices like Apple Inc's iPad will create opportunities for both networks and distributors, top cable executives said at an industry event on Wednesday.

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.

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.

Gold climbed to a second successive record high on Wednesday as investors bet that a proposed $1 trillion European rescue will either fail to prevent a worsening euro zone crisis or will stoke inflation.

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 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.

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 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.

NEW YORK (Reuters Health) - Implantable lenses could be a safer alternative to laser surgery for moderately nearsighted people, a British review of earlier research suggests.

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.

U.S. stocks rallied on Wednesday, lifted by multinational technology and industrial shares after Spain unveiled an austerity plan that further eased jitters over euro-zone debt woes.

Wal-Mart Stores Inc agreed to pay as much as $86 million to settle a class-action lawsuit accusing it of failing to pay vacation, overtime and other wages to thousands of former workers in California.