IBT Staff Reporter

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Consumer Prices Rise 0.2 Percent in January

Consumer prices rose the most in four months in January as the price of gasoline jumped, highlighting a growing concern that higher energy costs could slow the economic recovery.

Ally Financial Weighs Sale as IPO Looks Bleak

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

Exclusive: Ally Financial weighs sale as IPO looks bleak

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

iPad Maker Foxconn Lifts China Workers Pay Again

Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads whose factories are under scrutiny over labor practices, has raised wages of its Chinese workers by 16-25 percent from this month, the third rise since 2010.

Asia plugs European aircraft lending gap

Asian banks are filling the void in the aircraft financing market left by squeezed European lenders, but Middle East tensions and the sheer scale of Asia's aviation growth look set to leave the industry's funding on a knife-edge, experts said.

Murdoch flies in to meet with angry British staff

Rupert Murdoch will address hostile journalists at his British newspaper arm Friday, many of them fearful after the recent arrests of senior staff at the mass-selling Sun tabloid over allegations of widespread criminality.

Insight: Japan slowly wakes up to doomsday debt risk

Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks -- that is what Japan may have to contend with if it fails to tackle its snowballing debt.

Traders influenced LIBOR rates, says Canada

A group of traders and brokers had successfully managed to manipulate key interbank lending rates that affect loans around the world, one of the banks being investigated has told Canadian regulators, the Wall Street Journal reported on Friday.

Stocks firm on Greek hopes, dollar up on data

World stocks rose near a six-month peak on Friday and the dollar hit a 3-1/2 month high against the yen as hopes for a long-awaited Greek bailout deal next week following on from strong U.S. data encouraged investors to buy riskier assets.

Apple loses China smartphone market share in Q4

Apple Inc's share of China's smartphone market slipped for a second straight quarter in the fourth quarter of 2011 amid competition from Chinese vendors and as some consumers delayed purchases to wait for the iPhone 4S launch.

Obama, eyeing China, to boost export financing

President Barack Obama will stay focused on China on Friday with an announcement of streamlined financing for U.S. exporters that compete against foreign firms that are afforded unfair advantages, White House officials said.

China's Baidu Looks to Mobile Search for Growth

China's top search engine, Baidu Inc, plans to begin monetizing its mobile search traffic and social media platforms this year in an effort to boost growth outside its traditional PC domain, Baidu's chief executive said on Friday.

China's Baidu looks to mobile search for growth

China's top search engine, Baidu Inc, plans to begin monetizing its mobile search traffic and social media platforms this year in an effort to boost growth outside its traditional PC domain, Baidu's chief executive said on Friday.

Demand Media Aims for Double-Digit Growth in 2012

Demand Media, which went public just over a year ago, promised its shareholders that revenue growth would accelerate by the second quarter after it reported a fourth-quarter net loss due to costs for improving its platforms.

U.S. Postal Service Releases Plan to Reverse Losses

The U.S. Postal Service warned it could become a long-term burden on taxpayers absent legislative change, as the cash-strapped agency put pressure on Congress to allow it to end Saturday delivery and to tap into a retirement-account surplus.

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