IBT Staff Reporter

Caterpillar Inc said on Wednesday that its Chief Financial Officer Dave Burritt will retire next month as part a major management restructuring that will also lead to the departure of four other top executives.

The Australian Dollar fell again overnight, trading to a low of USD0.9025 due to ongoing risk aversion.

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

By one measure, Warren Buffett is the most unpopular director on the board of the company he has built since 1965, Berkshire Hathaway Inc .

Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by new stores and demand for its namesake brand and smaller brands like Converse, the athletic giant said on Wednesday.

Freddie Mac , the second-largest provider of residential mortgage funds, on Wednesday said it lost $8.0 billion in the first quarter and warned that it would continue to need government funds because the housing market remains fragile.

Researchers have come to the conclusion from their study that patients taking antidepressants carry the same suicidal risk irrespective of the kinds of pills prescribed to them.

European leaders warned on Wednesday that the euro zone debt crisis could spread like a bushfire beyond Greece, and investors sold stocks and the euro as Greek anti-austerity unrest claimed its first lives.

Washington Post Co said on Wednesday it is considering the sale of its money-losing Newsweek magazine, which it has owned since 1963.

Australian Dollar: Despite the release of stronger than expected Australian economic data yesterday the Aussie dollar hovered around the 91 cent handle in Asia before resuming its recent downward trend in offshore trade overnight.

Hewlett-Packard Co on Wednesday named Microsoft Corp veteran Bill Veghte to lead its enterprise software business.

Stocks sagged on Wednesday as more signs emerged that the fallout from the Greek debt crisis could spread to bigger European economies.

CBS Corp , owner of the most-watched television network, reported its first quarterly revenue growth in more than a year, helped by a rebound in advertising.

Japan and South Korea share numerous things in common - among them: nameless streets, a tendency of co-workers to go out with each other after work for drinks, students studying ridiculous hours to prepare for university entrance exams, and cuisines typically unfriendly for vegetarians.

After a whirlwind road trip through five Utah national parks in three days, my husband declared that he would never again let me plan a vacation based solely on visiting national parks.

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

The U.S. Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

Time Warner Inc posted a higher-than-expected quarterly profit on a rebound in advertising sales at its cable networks and magazines, as well as strong DVD sales of The Blind Side and Sherlock Holmes.

The Senate was expected to vote by Wednesday afternoon on a new orderly liquidation system for dismantling distressed financial firms that will exclude a proposed $50 billion fund to help pay for it, according to the Senate's chief author of Wall Street reform.

Scientists from an Australian biotechnology company Marinova Pty Ltd, have successfully isolated a natural extract from seaweed that has been proven to inhibit the H1N1 virus, a breakthrough that is anticipated as it offers hope in the management of influenza outbreaks.

Based on the new study published in The Lancet Neurology, it was found that childhood vaccination is related with earlier onset of the neurological condition called Dravet syndrome.

The Australian Nursing Federation (ANF) is extremely concerned with serious risks posed to nurses from needle stick injury in the country.

According to the report published in the Medical Journal of Australia, doctors are called to take the lead in finding practical solutions to decrease the carbon footprints correlated with obesity, chronic disease and population growth.

Australian scientists are seeking to find the best treatment alternative for children who have eating problems to reduce the increase in the number of malnourished children who had to be medically assisted due to their food-shunning behaviour.

JPMorgan Chase & Co Chairman Jamie Dimon says he hopes a strong financial regulatory bill will emerge that will also be good for the U.S. economy.

European leaders warned on Wednesday that the euro zone debt crisis could spread like a bushfire beyond Greece, and investors sold stocks and the euro as Greek anti-austerity unrest claimed its first lives.

Signs of a recovery in the U.S. labor market grew on Wednesday as reports showed job growth among private companies and plans for layoffs falling to their lowest levels in four years.