IBT Staff Reporter

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NY AG to review AT&T purchase of T-Mobile

AT&T Inc's $39 billion (24 billion pounds) bid to buy Deutsche Telekom AG's T-Mobile USA came under scrutiny from New York's attorney general, who said he was looking into whether it was anti-competitive.

Rajaratnam made frantic calls on Goldman tip-trial

Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs Group Inc at the height of the financial crisis, prosecutors said at the Galleon founder's insider trading trial.

Oil slips on inventory rise, supply threats support

Oil prices eased on Wednesday in choppy, thin trading, pressured by record high stockpiles at the Cushing delivery point for U.S. crude even as Libya and Middle East uncertainty supported oil, which remained on track to end the first-quarter up more than 10 percent.

Hoenig urges Fed to shrink holdings, raise rates

An inveterate Federal Reserve advocate of tighter financial conditions on Wednesday renewed his call for higher benchmark interest rates and shrinking the Fed's balance sheet to pre-financial crisis levels.

How Long Will NATO Enforce No-Fly Zone? Boehner Asks

House Speaker John Boehner on Tuesday said President Barack Obama had not been able to answer a question about how long NATO would enforce a no fly zone over Libya if Col. Muammar Gaddafi did not leave the country.

Wall Street climbs on job expectations

U.S. stocks rose on Wednesday, as a private employment report did little to shake up expectations for Friday's payrolls data while investors positioned themselves for the quarter's end.

FTC says settles with Google over Buzz roll-out

Search giant Google Inc has settled with U.S. regulators investigating privacy problems that cropped up in its botched roll-out of social network Buzz, the Federal Trade Commission said on Wednesday.

Are tools, iron in Warren Buffett's sights?

Warren Buffett's hunt for a large acquisition could lead to targets like Eaton , Illinois Tool Works or Cliffs Natural Resources , all of which seem to fit his recent preference for growth in industries outside of his core insurance unit.

SEC proposes risk retention, pay consultancy rules

U.S. securities regulators proposed new rules on Wednesday designed to restore lending discipline, and to bolster the independence of compensation committees at public companies and the consultants who serve them.

Microsoft co-founder Allen blasts Gates in book

Microsoft Corp co-founder Paul Allen has accused his former business partner Bill Gates of plotting to dilute Allen's stake in the world's largest software company before he left in 1983, and tried to buy his share of the company on the cheap.

Google, eyeing Facebook, adds social search button

Google Inc will allow people to personally endorse search results and Web pages, an important step in its efforts to add social networking capabilities to its products amid increasing competition from Facebook.

Valeant to be disciplined in Cephalon bid: CEO

Valeant Pharmaceuticals International Inc is not interested in a bidding war for U.S. drugmaker Cephalon Inc , and Chief Executive Michael Pearson said on Wednesday he was willing to walk away.

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