IBT Staff Reporter

The euro tumbled to a one-year low against the dollar and Asian stocks fell as cuts in Greece and Portugal's credit ratings set off a flight to safety on fears that the euro zone's debt problems are spreading.

World No.2 TV maker LG Electronics said it aims to turn around its struggling mobile division with double-digit shipment growth in the second-quarter, adding strong TV sales would lead to better results in the period.

Honda Motor Co , Japan's No.2 automaker, forecast a 10 percent rise in operating profit this year as demand in its biggest and most profitable U.S. market recovers from a multi-decade low.

Prime Minister Kevin Rudd and NSW Premier Kristina Keneally signed new health reform deals to aid the state's hospitals.

Honda Motor Co , Japan's No.2 automaker, forecast a 10 percent rise in annual operating profit as demand in its biggest and most profitable U.S. market recovers from a multi-decade low.

The Federal Reserve is expected on Wednesday to repeat its vow to keep interest rates at rock bottom levels for an extended period while acknowledging that the U.S. economic recovery is getting stronger.

(Corrects 2nd paragraph to state that AliExpress was launched on Monday, not now in beta-testing.)

The masters of the universe were forced down to earth on Tuesday.

Venezuela's President Hugo Chavez opened a Twitter account on Tuesday, launching himself into the digital fray to combat opponents who have seized on the micro-blogging site to criticize his socialist government.

CSIRO researchers say a healthy diet with the recommended intake of wholegrains could be as potent at combating heart disease as medication.

The AUD has taken a dive overnight following announcements from credit rating agency Standard and Poors in relation to their credit ratings for both Portugal and Greece.

The masters of the universe were forced down to earth on Tuesday.

Silver-colored fillings, officially known as amalgam fillings, contain mercury and have been used by dentists for over a hundred years to treat cavities in teeth. They are known to last longer and less expensive.

Senate Republicans on Tuesday blocked a sweeping overhaul of banking rules for a second straight day as they sought to extract more concessions from Democrats eager to crack down on Wall Street.

Sirius XM Radio Inc shook off the threat of a Nasdaq delisting on Tuesday, vindicating the scores of retail investors who had bet on the satellite radio service when it was shunted by big institutional funds.

Approximately 30 million people in the United States suffer from migraine pain, which is often described as a throbbing pain in one area of the head and is often accompanied by nausea, vomiting and other symptoms.

The masters of the universe were forced down to earth on Tuesday.

The Australian Dollar opens lower against the greenback on Wednesday at 0.9150.

Rating agency Standard and Poor's slashed Greek debt to junk status on Tuesday and also downgraded Portugal, as investors worried political pressures could block a multi-billion euro bailout of Greece.

Senate Republicans on Tuesday floated their first counterproposal to rewrite financial regulations after blocking a more sweeping Democratic plan for a second straight day.

Australia's first National Security College will begin activities in May after its official launch by the Prime Minister Kevin Rudd at The Australian National University on 24th April 2010.

If elected to the board of Genzyme Corp , billionaire investor Carl Icahn will work to understand and help the company fix what is broken, according to proxy documents filed on Tuesday with the U.S. Securities and Exchange Commission.

Goldman Sachs CEO Lloyd Blankfein faced a blistering cross-examination from U.S. lawmakers over why the investment banks' sales team felt they could sell securities to clients while believing they were crap and betting against them.

AstraZeneca PLC has agreed to pay $520 million to settle charges that it illegally marketed and promoted its schizophrenia drug Seroquel for unapproved uses, U.S. authorities said on Tuesday.

U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.

Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shi**y deals and made billions off the market's collapse, in a high stakes Senate hearing.

Lower level Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shitty deals and made billions off the market's collapse, in a high stakes Senate hearing.

For a second time in as many days, U.S. Senate Republicans mustered enough votes on Tuesday to block debate of a Democratic bill that would bring the biggest overhaul of financial regulation since the 1930s.

Sachin Agarwal believes he has the solution for all those who have tried, and failed, to sign their parents up for a Facebook account so they could see photos of their grandchildren: Posterous.