IBT Staff Reporter

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Clinton Says No Decision Yet on Arming Libya Rebels

U.S. Secretary of State Hillary Clinton in London on Tuesday at an international gathering focusing on the political future of Libya, said no decision has been made as to arming Libyan rebels but said such an option was a possibility under a United Nations resolution passed last week.

FDIC set to endorse risk-retention rule

U.S. lenders would have to offer mortgages with at least a 20 percent down payment if they want to repackage the loan to sell to other investors without keeping some of the risk on their books, according to a proposal regulators are considering on Tuesday.

Wal-Mart opposes big sex-bias case at Supreme Court

Several U.S. Supreme Court justices sharply questioned on Tuesday whether female employees at Wal-Mart Stores Inc can proceed with the largest class-action sex-discrimination lawsuit in history that seeks billions of dollars.

Oil bounces on technicals, Libya uncertainty

Crude oil prices turned positive on Tuesday as investors eyed market technicals, an equities market bounce and reined in optimism about an early return of Libya's oil exporting capabilities.

Radiation From Japan Found In U.S.

Trace amounts of radiation from the Japanese nuclear disaster have been detected in several states as far apart as California and Massachusetts, but state and federal health officials say there is no cause for alarm.

Instant View: Consumer confidence falls in March

U.S. consumer confidence fell in March after hitting a three-year high in the prior month as expectations about jobs and income growth worsened, according to a private sector report released on Tuesday.

Wall Street advances on tech, retail gains

U.S. stocks rose on Tuesday in a light volume session, erasing initial declines as investors moved into sectors that lost ground after Japan's earthquake as the quarter draws to a close.

U.S. March auto sales seen up, but gas prices weigh

U.S. auto sales in March are expected to rise about 12 percent from last year's depressed levels, but high gasoline prices and production problems caused by the Japanese earthquake could slow a recovery, analysts and investors said.

India police to charge ex-minister in telecoms graft

Indian police will file charges against a former telecoms minister and other government and corporate officials this week, a government lawyer said on Tuesday, in a multi-billion dollar telecoms corruption case that has shaken government and business.

Asia spices up McCormick profit

McCormick & Co posted a bigger quarterly profit as the top U.S. spicemaker was able to offset high input costs by raising prices, and saw strong demand in Asia and in its domestic market.

Amazon beats rivals to music locker service

Amazon.com Inc has beaten rivals Apple Inc and Google Inc by introducing an online music locker service that lets customers play songs they already own on many smartphones and computers.

Consumer confidence slips from 3-year highs

Consumer confidence fell in March a month after hitting a three-year high as expectations about jobs and income growth worsened, according to a private sector report released on Tuesday.

Asia, price rises spice up McCormick profit

McCormick & Co beat profit estimates for the fifth straight quarter, as the top U.S. spicemaker raised prices to offset high raw material and packaging costs, and saw strong demand in Asia and in its domestic market.

Mad Men won’t be back for fifth season until early 2012

While negotiations between AMC and Lionsgate Television and Mad Men creator and executive producer Matt Weiner are still not settled, USA Today is reporting that the hit show's fifth season will not be ready for its summer debut and will be postponed for early 2012.

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