IBT Staff Reporter

The Australian Dollar has opened over one US cent higher this morning and is trading above USD0.8800.

The Australian Dollar climbed to its highest level in 3 weeks overnight as equities bounced upon expectations US corporate earnings will beat estimates.

CME Group Inc CEO Craig Donohue told employees he is pleased with many of the provisions in Washington's financial reform bill, but raised concerns about the leeway it gives regulators.

A new domestic AIDS policy rolled out by the White House on Tuesday asks states and federal agencies to find ways to cut new infections by 25 percent, get more patients treated quickly and educate Americans about the deadly and incurable virus.

The U.S. Commodity Futures Trading Commission risks hurting markets if it is too aggressive in flexing its regulatory muscle to rein in high-frequency traders, exchanges and participants are expected to tell the agency on Wednesday.

Intel Corp , the world's biggest microchip maker, handily beat second-quarter sales and profit estimates and forecast third-quarter sales well ahead of Wall Street's consensus.

JPMorgan Chase & Co, an underperformer so far this year, is one of several big banks whose shares could be poised for a revival now that U.S. financial regulatory reform is all but completed.

Yum Brands Inc , parent of the KFC, Taco Bell and Pizza Hut chains, reported better-than-expected profit on Tuesday but shares fell 3.6 percent after its new 2010 earnings target missed analysts' view.

Intel Corp delivered a better-than-expected sales forecast and results on strong corporate demand for personal computers and servers, despite concerns over a tech industry slowdown.

Many option traders appear to be taking a neutral to cautious stance on Intel Corp heading into the technology bellwether's second-quarter results after the closing bell on Tuesday.

Stocks rallied for a sixth straight day on Tuesday after Alcoa's quarterly results heartened investors that had fled to the sidelines on jitters about the sustainability of the economic recovery.

Hedge funds and private equity firms had an easier time raising capital in the last three months, but the market for asset-backed securities remains crippled, according to a new Federal Reserve survey.

Senate Democrats on Tuesday appeared to nail down the votes needed to approve a historic overhaul of U.S. financial regulations and moved to set up a final vote on it by the end of the week.

Shares of bond insurer MBIA Inc and bailed-out insurer American International Group Inc soared on Tuesday after Bruce Berkowitz's Fairholme Capital Management disclosed new stakes in the companies.

A new domestic AIDS policy rolled out by the White House on Tuesday looks for new ways to educate Americans about the deadly and incurable virus, cut new infections by 25 percent and get more patients treated quickly.

Stocks rallied on Tuesday after Alcoa's quarterly results heartened investors that had been pushed to the sidelines by jitters about the sustainability of the economic recovery.

Shares of Apple Inc slid more than 4 percent on Tuesday after a poor review for its iPhone 4 from an influential consumer guide underpinned mounting complaints about the hot-selling device's reception and spurred speculation about a product recall.

Investor worries that the year-old economic recovery is getting shaky have driven down U.S. manufacturer shares over the past two months.

Cuts in global aluminum production, especially in China, should boost the metal's price and improve U.S. producer Alcoa Inc's earnings prospects, analysts said on Tuesday.

The trading of claims in bankruptcy cases fell to $2.1 billion in June, down for the second straight month, as several large companies prepared to exit Chapter 11, according to data released on Tuesday.

An ambulance patient taken to the Kings County Hospital on Sunday night apparently left a bedbug inside the van forcing the hospital to fumigate part of the emergency room as a precaution against infestation.

Three pharmaceutical companies are vying to get the U.S. Food and Drug Administration's approval for their anti-obesity pills.

The Federal Reserve would be able to lower borrowing costs further if the economy weakens considerably by reinvesting maturing mortgage debt it owns or boosting asset purchases, Boston Fed President Eric Rosengren said.

BOTOX or botulinum toxin type A has been licensed worldwide as a preventative treatment for chronic migraine.

The use of social media applications is becoming a popular tool for both employers and job seekers, especially those fresh out of college, to gather critical information and accumulate valuable contacts.

Job openings slipped in May, but the hiring rate climbed to the highest level in nearly two years, government data showed on Tuesday.

Senate Democrats on Tuesday appeared to nail down the votes needed to approve a historic overhaul of U.S. financial regulations and moved to set up a final vote on it by the end of the week.

Die Fledermaus has three acts and is based on a farce by Julius Roderich Benedix, a German playwright with a Le réveillon, a French vaudeville play by Henri Meilhac and Ludovic Halévy, also serving as inspiration for Strauss.

European Union finance ministers agreed on Tuesday to increase monitoring of member states' economies from January as part of efforts to tighten budget discipline and prevent new economic crises.