IBT Staff Reporter

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Apple's iPad 2 heads abroad after U.S. sellouts

Apple Inc will stick to plans to roll out its newest iPad on Friday to 25 more markets, including France and the United Kingdom, even as it fails to meet the high demand for the gadget in the United States.

Rajaratnam trial hears Intel leaks admission

A former Intel Corp managing director testified on Tuesday that he shared the chipmaker's secrets with his close friend, hedge fund founder Raj Rajaratnam, the central figure in the biggest Wall Street insider trading trial in decades.

Rajaratnam jury told of Intel deal leaks

An Intel Corp executive testified that confidential details about a big wireless network transaction were leaked before the announcement of the deal, a key transaction in hedge fund founder's Raj Rajaratnam insider trading case.

U.S. airlines cut capacity to battle high fuel

Major U.S. airlines announced further 2011 capacity cutbacks to cope with the dramatic rise in fuel prices, and Delta Air Lines Inc said higher oil and the effects of the Japanese earthquake will hurt earnings in the current quarter.

FCC Chairman Wants More Spectrum For Wireless Cos.

Federal Communications Commission Chairman Julius Genachowski has called for expanding the spectrum available to wireless communications companies, in order to support the growth of mobile data services.

Judge orders Jobs to answer iTunes questions

Apple Inc. Chief Executive Steve Jobs, who is out on medical leave, has been ordered by a federal magistrate to answer questions from plaintiffs' lawyers in an antitrust lawsuit related to his company's iTunes business.

Walgreen warns of government pushback on Medicaid

Walgreen Co said it could face pressure from government agencies pushing back on how much they reimburse for the prescriptions it fills in a slowly recovering economy, and shares of the largest U.S. drugstore chain fell more than 8 percent.

Supply-chain woes hit more Sony plants, Rio Tinto

A shortage of parts will force Sony Corp to cut production or suspend output at five more plants in Japan following the country's catastrophic earthquake this month that has hit the global supply chain.

Buffett looking at investing in India, large countries

Billionaire Warren Buffett on Tuesday said he is looking to invest in large countries like India, China and Brazil, but added that restrictions on foreign ownership in India's insurance industry could act as a deterrent in the sector.

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