IBT Staff Reporter

The basic materials and financial sectors on Wednesday lifted the Dow Jones Industrial Average to a new 2010 intraday high of 10,766.

General Motors Co has a reasonable chance to show a profit in 2010 and could sell shares by late this year though it has no timetable for an IPO that would reduce the U.S. government's majority stake, Chief Financial Officer Chris Liddell said on Wednesday.

The self-regulation of advertising, and other media industries, has failed to protect children from an onslaught of sexualized content, says the professional body for Australia's psychiatrists.

Marissa Shorenstein, the press secretary of New York Governor David Paterson, resigned Wednesday, becoming the fourth staff member to quit amid scandals surrounding the administration.

A House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found elaborate accounting tricks that helped to hide the investment bank's insolvency.

About up to 10 times of the bowler's body weight is sent up through his spine, each time a fast bowler slams his front foot on the turf and slings a speeding cricket ball.

According to expert researched commissioned by the NSW Labor government, Kevin Rudd's activity-based funding model, may cause more than a quarter of Australia's hospitals to go broke.

Claire Murray, a 25-year-old former heroin addict has undergone a successful live-liver transplant operation that lasted more than six hours in a Singapore hospital. Sources cited that bother Claire and her aunty, Carolyn, the donor, are recovering well.

A man from the New South Wales Hunter Valley has died from meningococcal disease. Within three years, it has been the first death, and the third confirmed case, in the Hunter-New England region this year.

(Reuters) - President Barack Obama picked up his first convert in the push for healthcare reform on Wednesday as Democrats in the House of Representatives prepared for a close weekend vote on final passage.

(Reuters) - Researchers launched a unique collaboration aimed at getting cancer drugs to the market more quickly on Wednesday -- one in which three companies will cooperate with government and non-profit groups to test five experimental breast cancer drugs.

Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a setback in home sales, and warned on its impact on the economic recovery.

Plenty of people download music from the Internet every day, but illegal downloading has a huge economic impact and could put more than one million people out of work by 2015, experts say.

Help the Parkinson's sufferers in Australia cope up with the trauma of having the disease early in life

Stocks rose on Wednesday, with the Dow hitting a recovery high, as the Fed's renewed promise of low interest rates was underscored by a benign inflation reading.

Producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation.

U.S. producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation.

Kids should now take an active part in the stop obesity campaign in Australia

U.S. stocks rose on Wednesday as a renewed promise of extended low interest rates from the Federal Reserve and its relatively positive view of the U.S. economy enticed investors into risky assets.

A Republican lawmaker requested a congressional hearing on a bankruptcy examiner's report on Lehman Brothers Holdings Inc , saying the findings cast doubts on the Federal Reserve's supervisory role.

The stock market continues to rally on the bullish momentum generated from favorable central bank policies from the U.S. and Japan.

The tussle over German generic drugs maker Ratiopharm is drawing to a close as the three remaining contenders square off in the final round of bidding, sources close to the deal told Reuters on Wednesday.

A top bank regulator said on Wednesday that the jury's still out about whether consumers want controversial overdraft protection that can charge them large fees for accidentally overdrawing their accounts.

Thrifts did not engage in regulatory arbitrage, nor were they a cause of the financial crisis, the top U.S. thrift regulator said on Wednesday.

A consortium led by Blackstone Group has agreed to invest about $600 million in a Chinese agricultural company ahead of its planned Hong Kong listing, sources with knowledge of the deal said on Wednesday.

Ever thought that your cotton T-shirt could monitor your heart rate and breathing, analyse your sweat and even cool you off on a hot summer's day? Or have you thought of a pillow that monitors your brain waves, or a solar-powered dress that can charge your ipod or MP4 player? Well, all this could soon be a reality, thanks to new-age cotton threads.

Vedanta Resources may demerge its aluminium division. According to a report appeared in The Independent in UK, the new firm will be the world's fourth biggest aluminium player, behind Russia's United Company Rusal, America's Alcoa and China's Chalco.

Oil cartel, Organization of the Petroleum Exporting Countries (OPEC) has decided to keep oil production quota unchanged in its meeting today in Vienna. At present, the members of OPEC produce 24.845 million barrels per day and decided to keep this unchanged, according to a report citing delegates.

The 2010 New York City Saint Patrick's Day Parade kicks off Wednesday at 11:00 a.m. starting at 44th Street and Fifth Avenue.