IBT Staff Reporter

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Stock futures rebound but euro zone concerns could weigh

U.S. stock index futures were little changed on Wednesday, after modest losses in the previous session, as worry continued over debt issues in the euro zone, Japan's nuclear crisis and violence in the Middle East and North Africa.

Insight Comm explores sale, again: sources

Insight Communications Co, controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.S. cable operator at up to $4 billion, people close to the deal told Reuters.

Japan quake costliest ever

Japan estimated the cost of the damage from its devastating earthquake and tsunami could top $300 billion as authorities in Tokyo warned that babies should not be given tap water because of radiation from a crippled nuclear plant.

Japan quake becomes world's costliest natural disaster

The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at as much as $310 billion, making it the world's costliest natural disaster.

Oil firms on MidEast, North African unrest

Oil steadied on Wednesday due to concerns that unrest in Yemen may spill over into neighboring countries in the oil rich Middle East Gulf region, while an expected increase in U.S. crude inventories capped gains prices.

Portugal government may collapse before EU summit

Portugal's parliament is expected to reject government austerity measures on Wednesday, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit.

Supply chain disruptions force more delays in Japan

Supply chain disruptions in Japan have forced at least one global automaker to delay the launch of two new models and are forcing other industries to shutter plants and rethink their logistical infrastructure.

Buffett sees global growth over next year

Billionaire Warren Buffett, who is looking to invest in large countries such as China, India and Brazil, said on Wednesday he expected global output to rise significantly over the next year.

Brent steady near $116, supply fears simmer with Yemen

Brent crude was steady near $116 after rising as much as 0.6 percent on Wednesday as intensifying unrest in Yemen highlighted the security risks facing oil output from the Arabian peninsula, home to the world's biggest oil fields.

Anti-Gay App: Open Letter to Steve Jobs From PFLAG President (FULL TEXT)

Rabbi David Horowitz of PFLAG National (Parents, Family and Friends of Lesbians and Gays) has written an open letter to Steve Jobs urging Apple to remove an app from Exodus International, which says the app is a refuge for people looking for help in their journey out of homosexuality and will help cure people of their homosexuality.

Global shares down, euro eases ahead of Portugal vote

Uncertainty over the human and economic damage inflicted by Japan's earthquake, tsunami and nuclear crisis weighed on Asia stocks on Wednesday, and the euro eased ahead of a parliamentary vote in Portugal that could see the government fall.

Japan sees quake damage near $310 billion

The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at 16-25 trillion yen ($185-308 billion), making it the world's costliest natural disaster.

Japan estimates quake damage at up to $300 billion: report

The Japanese government estimates material damage from a deadly earthquake and tsunami that struck the country's northeast this month at 15-25 trillion yen ($185-308 billion), making it the costliest ever natural disaster, the Nikkei newspaper reported on Wednesday.

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