IBT Staff Reporter

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Bernanke says new rules benefit smaller banks

New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support from government, Federal Reserve Chairman Ben Bernanke said on Wednesday.

Samsung, RIM Match iPad Prices

Though Apple's iPad has long held the price advantage, recent announcements from RIM and Samsung show that rival tablets are finally starting to close the tablet price gap.

What is congestive heart failure?

Legendary actress Elizabeth Taylor died Wednesday at the age of 79 in Los Angeles. Her death was caused by a condition she has called congestive heart failure.

New home sales plunge to record low in February

New single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, a government report showed on Wednesday, suggesting the housing market slide was deepening.

Apple's iPad 2 to hit 25 new markets this week

Apple Inc said it would roll out its newest iPad to 25 more markets this week, including France and the United Kingdom, but did not provide any hard figures for sales so far in the United States.

Radioactive Contaminants In Seawater Near Fukushima

Tokyo Electric Power Company, the operator of the stricken Fukushima Daiichi nuclear power plant, said it has started monitoring the seawater nearby and found elevated levels of radiation, but that there is as yet no cause for alarm.

Defiant Gaddafi sits on a pot of gold worth $6 to $7 billion

In spite of the crippling sanctions and an arms embargo approved by the international community, Libyan leader Muammar Gaddafi continued to show resistance and the possible reason for such confidence could 144 tons of gold that he still controls.

TSA Union Calls for Immediate Radiation Monitoring at Agency

The American Federation of Government Employees, the union for Transportation Security Officers nationwide, on Wednesday called on TSA to immediately begin a nationwide radiation monitoring program and provide TSOs with dosimeters to measure radiation output at the checkpoints.

U.S. Equity Strategy: Intermediate-term low is near

RBC Capital Markets said the ultimate low in the U.S. equity markets might not have been reached, but a bottoming process has probably started. The brokerage said most of the technical indicators suggest that an intermediate-term low is near. Readings from sentiment, positioning and internal momentum indicators reveal much more damage under the hood than at the index level.

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