IBT Staff Reporter

Immune System Therapeutics Ltd. (ISTL) will conduct a second trial of its patented drug for bone marrow cancer using a $1.8 million grant from the federal government's Commercialisation Australia.

The U.S. trade gap widened a surprising 18.8 percent in June on a wave of consumer imports from China and other suppliers, suggesting U.S. second-quarter economic growth was weaker than previously thought.

Macy's Inc quarterly results showed the department store operator boosted sales and gained market share without relying as much on discounts as its rivals to get shoppers into stores.

The United States racked up a $165.04 billion budget deficit during July, 8.7 percent below the year-ago gap as economic stimulus and bailout spending subsided from peak levels, the Treasury Department said on Wednesday.

The United States racked up a $165.04 billion budget deficit during July, 8.7 percent below the year-ago gap as economic stimulus and bailout spending subsided from peak levels, the Treasury Department said on Wednesday.

Stocks erased the year's gains in the broadest selloff in a month-and-a-half on Wednesday as fears of sustained global economic stagnation caused investors to flee to safer assets.

U.S. stocks turned negative for the year on Wednesday as softer Chinese factory data and a weaker outlook from the Federal Reserve increased worries about the recovery and sparked a selloff.

Experts reveal period pain may change the way women's brains function and how they deal with aches throughout the body even if there are no monthly cramps that come with their menstrual cycle.

American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and taking a $1.9 billion pretax loss due to the sale.

The Obama administration on Wednesday nearly doubled to $4.1 billion the size of its foreclosure prevention program to help struggling homeowners hardest hit by falling home prices and rising unemployment.

Australian scientists have created a snail-venom inspired medication that can offer powerful relief for people who have severe and chronic pain.

Stocks tumbled 2 percent and turned negative for the year on Wednesday as softer Chinese factory data and a weaker outlook from the Federal Reserve increased worries about the recovery.

(Corrects to say softer instead of softer-than-expected Chinese factory data in first paragraph)

Oh, Hollywood celebrities... their lifestyles are just as wild as their eating habits.

Indian demands are giving a new headache to BlackBerry maker Research in Motion after New Delhi threatened a shutdown that could affect one million of the smartphone's 41 million users.

Google Inc said on Wednesday it will sell advertising spots on 11 cable networks carried by satellite television operator DirecTV Group.

Unemployed homeowners in 17 U.S. states and the District of Columbia will soon be eligible for government help to avert foreclosure under a $2 billion program announced on Wednesday.

Stocks dropped more than 2 percent on Wednesday as worse-than-expected Chinese factory data and a weaker outlook from the Federal Reserve added to worries about the economic recovery.

A survey conducted by Family Planning NSW with online networking web site MySpace Australia found young people are more likely to discuss with their friends about sex and their bodies, and favors GPs for advice on contraception.

The Asbestos Diseases Foundation of Australia has called for the removal of soil beneath the playing fields of a Catholic high school at Westmead due to suspicion that it is contaminated with asbestos fibre.

U.S. securities regulators said on Wednesday they are moving forward with technical fixes to the still-unexplained May flash crash, but some market players say they want a more wholesale review of high-speed trading.

Stocks dropped more than 2 percent on Wednesday as worse-than-expected Chinese factory data and a weaker outlook from the Federal Reserve added to worries about the economic recovery.

A significant survey conducted on the use of muscle enhancing injections in secondary schools across Australia show that steroid use among Australian kids is higher than that of the general population.

A man from Massachusetts, USA was finally relieved from months of coughing after doctors traced the problem to a green pea growing inside one of his lungs.

After beating cancer, while the body is clear from harm's way, the mind of survivors may not be as ready to go back to its normal cancer-free state.

U.S. job openings were flat in June while the number of new hires slipped, according to a government report on Wednesday that underscored the persistent weakness in the labor market.

Home loan demand climbed last week but record low mortgage rates failed to light a fire in a market constrained by unemployment and tight lending practices.

As dozens of U.S. billionaires pledge their fortunes to charity and the country struggles to shake off recession, philanthropy is a growing status symbol of the rich, experts say.

Owners cut prices on one-quarter of U.S. homes listed for sale in July, a fourth straight monthly rise, as job market fallout trumped record low mortgage rates, real estate website Trulia.com said on Wednesday.