IBT Staff Reporter

Actor Matthew Newton, son of showbiz golden couple Bert and Patti Newton, has entered a Melbourne rehabilitation hospital for an undisclosed personal problem.

The Australian Dollar moved marginally higher yesterday and gradually worked its way towards 0.9280.

Around the world there's no shortage of political leaders behaving badly.

BlackRock Inc , the world's largest money management firm, reported weaker-than-expected quarterly earnings on Monday as its funds businesses saw outflows and customers shifted money to lower-margin index funds over actively managed ones.

Capital Research and Management, Prudential's largest shareholder, could potentially scupper the British insurer's $35.5 billion takeover of Asian rival AIA, the Daily Telegraph reported in its Tuesday edition.

Google Inc said it no longer plans to offer a version of its Nexus One smartphone for the Verizon Wireless network and will change its distribution plans in Britain, underscoring the challenges facing the Internet search company as it expands into the mobile phone market.

Massey Energy Co , owner of the West Virginia coal mine where 29 miners were killed three weeks ago, accused unions on Monday of spreading a big lie that the company had traded safety for profit.

A trio of reports from top household products makers is likely to show that consumers are truly back to buying and could be the catalyst the companies need to gain favor with investors.

Boeing Co , the world's second-largest plane maker, is gaining momentum as the economy improves and is looking forward to several years of steady or increasing commercial production, Chief Executive Jim McNerney told the company's annual meeting on Monday.

Goldman Sachs Group Inc chief executive Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm did not have a massive short against the housing market and certainly did not bet against our clients.

Goldman Sachs Group Inc and Chief Executive Lloyd Blankfein were hit with a shareholder lawsuit claiming they hid key details about a risky transaction that resulted in civil fraud charges and a plummet in its stock price.

In a major blow to Wal-Mart Stores Inc, a sex-discrimination lawsuit against the retailer can proceed as a class-action case covering more than 1 million female employees, a U.S. court ruled on Monday.

Yahoo Inc has struck a deal to expand the role of its services on cellphones of the world's second-largest handset maker Samsung, as the two battle larger rivals on the wireless market.

Inventor Judah Klausner added HTC Corp to the list of big phone makers against which he has filed lawsuits alleging infringement of technology patents related to visual voicemail.

Citigroup Inc Chief Executive Vikram Pandit is pinning his hopes for an economic recovery on the developing markets where his company already has a firm foothold.

Queensland health authorities claimed they were unaware of any deaths linked to the seasonal flu vaccine, despite initiating an investigation two weeks ago into the death of 2 year-old Ashley Epapara, twelve hours after she was vaccinated.

Mall owner General Growth Properties Inc said a U.S. Bankruptcy Court hearing scheduled for Thursday has been rescheduled to next week, giving it more time to talk to larger rival Simon Property Group Inc and other potential investors.

According to an expert in family health, the key to getting a good night's sleep after the birth of a child is to immediately establish a predictable routine.

The U.S. Treasury on Monday plans to start selling off its 27 percent stake in Citigroup , the latest step in the Obama administration's effort to end unpopular bailout programs.

U.S. stocks edged lower on Monday as bank shares fell on fears that financial reform making its way through Congress will curb profits, while Caterpillar's strong results buoyed the Dow.

Local fertility groups in Townsville now seek help from the US as they are running out of the supply of sperms.

The 2008 Tasmanian young achiever of the year, Aaron MacKrill passed away at the age 29 on Sunday after battling with cystic fibrosis.

Private equity owners of Nielsen are planning an IPO for the market research company and expect to start interviewing banks, according to a source familiar with the situation.

U.S. clinical research company Charles River Laboratories International agreed to buy Chinese rival WuXi PharmaTech for $1.6 billion to expand its presence in China and deepen its expertise in drug-discovery services.

Hertz Global Holdings Inc agreed to buy smaller rival Dollar Thrifty Automotive Group Inc for about $1.2 billion in a deal that will make it the second-biggest U.S. car rental company.

Australia's Commonwealth Scientific and Research Organization (CSIRO), thinks lupins could become a new health food for humans.

A sex-discrimination lawsuit by female employees of Wal-Mart Stores Inc can proceed as a class-action case seeking back pay and other claims against the U.S. retailer, a U.S. appeals court ruled on Monday.

U.S. oil fell below $85 a barrel on Monday as Greece's festering debt crisis pushed the U.S. dollar up and as the oil market girded for further growth to inventories in the United States, the world's top energy consumer.

Research in Motion is launching variations of two existing BlackBerry smartphones, the company said on Monday, and its co-chief executive hinted that much-anticipated announcements on a new operating system and browser are also on the way.