IBT Staff Reporter

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Japan banks mull $25 billion loans to nuclear operator: sources

Japan's top lenders including Sumitomo Mitsui Financial Group <8316.T> are in talks to provide up to 2 trillion yen ($24.7 billion) in emergency loans to Tokyo Electric Power <9501.T> to help the operator of a stricken nuclear plant rebuild its power supply network.

U.S., Rajaratnam battle over Goldman CEO testimony

Goldman Sachs Group Inc chief Lloyd Blankfein will be called to testify at Raj Rajaratnam's insider trading trial as soon as this week, but prosecutors want to prevent him being questioned about any legal issues facing the bank, according to trial documents.

Apollo cuts expected price range of IPO

Private equity firm Apollo Global Management LLC lowered the expected range for the price of its initial public offering after delaying its filing as a nuclear crisis in Japan and democracy protests in the Middle East rocked markets.

Japan banks eye $12 billion in loans for nuke operator: source

Japanese financial institutions, including the country's top three banks, are considering providing more than 1 trillion yen ($12.3 billion) in emergency loans to Tokyo Electric Power <9501.T>, the operator of a stricken nuclear plant, sources said on Wednesday.

Black's first-week 'Friday' sales not in millions

NASHVILLE - Contrary to several media reports, Rebecca Black is not netting hundreds of thousands of dollars from the more than 33 million YouTube views of her uber-viral video Friday or its digital sales. However, she's not doing bad.

Adobe's Q2 view shaken by Japan quake fallout

Adobe Systems Inc posted first-quarter profit above Wall Street estimates, but the world's biggest maker of design software cut its second-quarter revenue outlook by $50 million, citing uncertain business environment in Japan following the earthquake.

Japan supply paralysis spreads as firms cut output

Sony Corp <6758.T> cut output at five more plants and Toyota Motor Corp <7203.T> delayed restarting assembly lines, as the global supply of parts and products began to feel the full impact of Japan's catastrophic earthquake.

UAW's King calls Ford CEO compensation outrageous

United Auto Workers union President Bob King said recent compensation awards for Ford Motor Co Chief Executive Alan Mulally are outrageous at a time when some workers who make Ford vehicles earn $15 per hour.

NY judge slaps down Google book deal

A New York court has rejected a class action settlement hammered out between Google Inc and publishers that would allow the Web search leader to scan millions of books and sell them online.

US-

Canadian regulators see no big environmental impact from a plan to expand a nuclear power station 70 km (45 miles) from Canada's biggest city, Toronto, but Greenpeace activists halted a second day of hearings with pleas for a delay while Japan unravels its nuclear mess.

Canada nuclear plan gets environmental OK

Canadian regulators see no big environmental impact from a plan to expand a nuclear power station 70 km (45 miles) from Canada's biggest city, Toronto, but Greenpeace activists halted a second day of hearings with pleas for a delay while Japan unravels its nuclear mess.

Prosecute privacy charges: parents of teen suicide

The parents of a college student who killed himself after his sexual encounter was shown online do not hold his former roommate criminally responsible for the death but do want him prosecuted for invading their son's privacy, their attorney said on Tuesday.

RIM focus on global growth, PlayBook launch

It's official: With the launch of Research In Motion's PlayBook tablet now just a month away, the BlackBerry maker's battle against Apple and Google is at the cusp of a fierce new phase.

U.S. OKs 4th deepwater drilling permit since BP spill

The U.S. Interior Department said on Tuesday it approved a permit for Exxon Mobil to drill in the deep waters of the Gulf of Mexico, the fourth such deepwater permit the department has cleared since the BP oil spill last summer.

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