AUSTRALIA

News Corp. Posts Loss On Restructuring Charge

Rupert Murdoch's News Corp posted a quarterly loss on Wednesday after taking $2.85 billion of non-cash restructuring and impairment charges that overshadowed growth at its cable networks, the company's only major bright spot.

Bat Virus Offers Insight Into Deadly Nipah, Hendra

The newly discovered Cedar virus, with 90 percent of its genes identical to those of Hendra and Nipah viruses, failed to cause any disease when researchers injected it into animals, suggesting an avenue for identifying the deadly genes at the heart of Hendra and Nipah.

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Wheat prices to double in 2012

US Weather Woes Crimp Wheat Supply In Europe: Analyst Insight

The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.
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