I asked for a new table environment here. How to create new table environment. I took the solution provided by Yiannis I works great
I have two questions -
I do not know how to break the cell content into two lines, because of that two tables are overlapping on one another. In the image, I want to break the line at red slash. I tried \newcommand{\nl}{newline}
I did not realize at the time of asking that each page has 10 tables, so 100 page document will have 1000 tables. Is there any way to get rid of table-xxx: from caption and just leave the text that I want to add to the caption.

I would really appreciate your help
Since I could not explain the issue to cmhughes I am adding the desired output image as well. 

\crand see if that is the result you want. Otherwise, I'd put the content in a\parboxof a fixed width and let TeX break it for you automatically. This can be automated with thecollcellpackage. – Peter Grill Mar 08 '12 at 01:54