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Recently, the U.S. dollar has gained momentum, leaving the commodity prices and stocks dipping down and going hay way after Federal Reserve boasted the emergency lending rate, the first time since the financial downturn.

Soon after this, the U.S. stock futures declined a 1.1 percent level. The same hit the biggest European stock markets as well, leading an opening down of 0.4 percent, according to financial pundits.

The Swiss food processing major, Nestle recorded a profit of 10.43 billion for 2009, moving ahead from the market expectations. The company has planned to raise the dividend and buy back shares from the market.

A year back, the company was trailing at 42% on the bottom line, thereafter the company declared a 9.2 billion gain from its sale of 25% stake in eye-care group.

The company declared its total revenue has declined by 2% to 107.62 billion, and the organic growth, excluding acquisitions and disposals and the impact of exchange-rate fluctuations, was 4.1% for the year.

Indian team has defeated South Africa in the second test match to retain their no. 1 spot in the latest International Cricket Council (ICC) rankings for test matches issued on Thursday.

India has defeated South Africa by an inning and 57 runs in a thriller on the fifth and final day of the second test match at the Eden Gardens in Kolkata. Hasim Alma played a brilliant unbeaten inning of 123 runs but could not help his team to save the match.

India has announced their squad for the Davis Cup tie against Russia and the young tennis sensation Yuki Bhambri has been dropped while Leander Paes has been included in the team.

Indian non-playing captain SP Mishra said that Yuki has opted to not to play in the Davis Cup tie as he will participate in the ATP Challenger circuits in USA for improving his ATP rankings.

He added that Yuki was included in the Davis Cup tie against South Africa due unavailability of the Paes, who was down with shoulder injury.

India received a major blow as the left arm pacer Zaheer Khan has been ruled out of the three One Day International (ODI) series against South Africa due to muscle strain.

Zaheer had sustained strain in his quadriceps while bowling on the fourth day of the second test match against South Africa at Kolkata on Wednesday. Zaheer did not play on the fifth day.

Board of Control for Cricket in India (BCCI) secretary N. Srinivasan informed media that S Sreesanth will replace him in the Indian squad. The first ODI will be played at Jaipur on 21st February.

According to U. S. researchers, success in quitting smoking differed for people who had different psychiatric disorders.

Unlike smokers with no psychiatric disorders, smokers with an anxiety disorder were less likely to quit smoking six months after treatment, said researchers at the University of Wisconsin School of Medicine and Public Health.