IBT Staff Reporter

American International Group Inc realized a loss of up to $2 billion last year as its Financial Products unit ended most of its remaining trades with Goldman Sachs Group Inc , a source familiar with the matter said on Sunday.

The government's bailout of the financial system is expected to cost $89 billion, much lower than earlier projections, the Wall Street Journal reported on Sunday, citing Treasury Department officials.

China recorded its first monthly trade deficit in six years, but a customs official called the shortfall a blip and economists doubted it would stand in the way of a resumption in the yuan's rise before long.

Google Inc has not been surprised at the lack of public support in Silicon Valley as it faces off with China over hacking and censorship, the company's chief executive Eric Schmidt said on Sunday.

Through the development of a 'virtual slidebox', an Australian Learning and Teaching Council (ALTC)-funded project has made the study of microscopy exciting once again for a digitally engaged body of tertiary students.

The University of Sydney and The Smith Family today renewed their joint commitment to supporting students of promise, with the University pledging more than a quarter of a million dollars to provide scholarships to disadvantaged students.

U.S. tax authorities are doing fewer audits of big corporations than in the past, a research group charged, though the government said the report shines a light on the wrong metrics.

Parents often have a hard time figuring out what to do when their children decide to throw tantrums. It doesn't help matters that kids often have their meltdowns in public places -- the supermarket, the mall, the family restaurant.

Euro zone finance ministers approved a giant 30-billion-euro ($40 billion) emergency aid mechanism for debt-plagued Greece on Sunday, but stressed Athens had not requested the plan be activated yet.

The U.S. could regain its authority to pursue both network neutrality and widespread access to broadband by formally reclassifying Internet access as telecommunications services, a former adviser to President Obama said in a published report on Sunday.

Scientists in China have demonstrated how arsenic -- a favorite murder weapon in the Middle Ages -- destroys deadly blood cancer by targeting and killing specific proteins that keep the cancer alive.

The International Monetary Fund is ready to contribute financing for Greece through a multi-year stand-by loan arrangement and will hold talks on the matter in Brussels on April 12, IMF Managing Director Dominique Strauss-Kahn said on Sunday.

Young girls at high risk for depression appear to have a malfunctioning reward system in their brains, a new study suggests.

Mirant Corp agreed to take over rival RRI Energy , creating one of the largest U.S. independent power producers and cutting costs as they deal with weak electricity prices that have challenged the entire industry.

U.S. stock investors will watch the earnings numbers flow in this week to see how much momentum the rally can get from early profit reports.

Independent power producers Mirant Corp and RRI Energy said on Sunday they have agreed to merge to create GenOn Energy, in an all-stock, tax-free transaction.

Two funds have taken stakes in British defense technology firm Qinetiq , underlying hopes of a significant shake-up of the group under new CEO Leo Quinn, according to a report in the Sunday Times.

According to the study by the Child Health Promotion Research Centre at Edith Cowan University in Western Australia, one in ten Australian teenagers experience cyberbullying, involving nasty messages or photos posted online or sent on mobile phones, every few weeks.

An Australian woman who suffers from advanced Alzheimer's disease has given birth, a first world experience.

Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.

An emotive TV advertisement targeting women who smoke will hit television screens in Victoria from Sunday.

Many Australian kids stay up late on Sunday nights, affecting them with sleep deficit that compromises their performance at school throughout the week.

Euro zone finance ministers unanimously approved a detailed 30 billion euro ($40.5 billion) emergency aid mechanism for debt-plagued Greece on Sunday but stressed it had not requested that the plan be activated now.

U.S. stock investors will watch the earnings numbers flow in this week to see how much momentum the rally can get from early profit reports.

Euro zone finance ministers agreed unanimously at a Eurogroup teleconference on Sunday on how to help Greece if needed, Cyprus' finance minister told reporters.

A Mom feared to have contacted Hepatitis C during her treatment at Croydon Day Surgery

Australia has lesser problems when it comes to their watering times with their reservoir levels 10 percent above the normal level for this year.

South Korea has been contaminated with animals having foot and mouth disease.

An emotive advertisement which targets women who smoke will be shown on television in Victoria starting this Sunday.