IBT Staff Reporter

The Japanese government plans to dedicate up to 10 trillion yen ($127 billion) in crisis lending to businesses to help them finance day-to-day operations and repair damage from last week's deadly earthquake and tsunami, the Nikkei newspaper reported on Saturday.

Yemen clash death toll rises to 47

Drugmaker Eli Lilly , which faces plunging sales due to competition and lapsing patents, will not merge with another peer to ride out any rough times ahead, chief executive John Lechleitr said on Saturday.

A A$7.3 billion ($7.1 billion) bid by the Singapore Exchange to take over its Australian rival is faltering as the Australian government, the regulator and a key opposition party are all set to reject it, the Sydney Morning Herald said.

South Korea's auto major Hyundai Motor Co is recalling 190,000 Elantra sedans to fix faulty air bag sensors that could cause the front air bag to malfunction.

Summary of conditions at Fukushima Daiichi nuclear power plant, as described by the International Atomic Energy Agency (IAEA):

Global stocks rose on Friday as traders took on riskier investments following a Libya ceasefire that reduced tension in the region, and after several central banks intervened to stabilize the yen.

A former Goldman Sachs Group Inc computer programer was sentenced to eight years in prison on Friday for stealing secret code used in the Wall Street bank's valuable high-frequency trading system.

Goldman Sachs Group Inc will buy back $5 billion of preferred stock from Warren Buffett, ending a costly deal that helped shore up confidence in the bank at the height of the financial crisis.

A U.S. judge rejected a preliminary class-action settlement with Securities America, a broker accused of failing to vet fraudulent companies properly, in a ruling that gave a lift to state regulators trying to stop the deal.

The trustee overseeing the liquidation of Lehman Brothers Holdings' broker dealer has sued Citibank to recover more than $1.3 billion in cash and other assets.

Starbucks Coffee Co said on Friday it would raise the price of its packaged coffee by an average of 12 percent after its Chief Executive Howard Schultz once again blamed speculators for pushing coffee prices higher.

A former Goldman Sachs Group Inc computer programer was sentenced to eight years in prison on Friday for stealing secret code used in the Wall Street bank's valuable high-frequency trading system.

Starbucks Corp on Friday raised its price for grocery packaged coffee by 12 percent, on average, due to still climbing coffee commodity prices.

With great speed comes greatly decreased battery life, reviews for the Thunderbolt show.

IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade.

Samsung SDI Co Ltd <006400.KS> has agreed to plead guilty and pay a $32 million criminal fine for its role in a scheme to fix prices of color display tubes, the U.S. Justice Department said on Friday.

A former Goldman Sachs Group Inc director accused of leaking confidential boardroom information has sued U.S. regulators, saying they are trying to unfairly deprive him of a jury trial.

Barcelona wizard Lionel Messi has ruled out 2008 Champions Manchester United as favorites to win this season's Champions League.

Procter & Gamble Co will raise detergent prices by 4.5 percent in June as the world's largest household products maker starts to respond to rising costs for materials, packaging and transportation.

Stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.

U.S. regulators gave major banks including JPMorgan Chase & Co the green light on Friday to boost dividends, loosening the reins on the industry 2-1/2 years after the government bailed out the financial system.

Stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.

General Motors Co will only learn the impact of Japan's earthquake and nuclear crisis on its supply chain within a week or two, Chief Executive Daniel Akerson said on Friday, as shortages of components and other supplies deepen.

Tottenham Hotspur manager Harry Redknapp is relishing the draw with Real Madrid claiming it to be the perfect tie for the club in their debut Champions League season.

A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy.

Netflix Inc said on Friday it has secured exclusive rights to the 26-episode television series House of Cards, in what signaled a move away from its traditional role of merely licensing movies and TV shows.

The creator of the iPhone tethering app MiWi, says its product has nothing to do with AT&T's efforts to prevent unauthorized tethering.

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