IBT Staff Reporter

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UEFA Champions League Round-up - Real Madrid break jinx to advance, Chelsea through

Real Madrid broke the jinx and qualified for the quarter-finals of the UEFA Champions League for the first time in seven years after a 3-0 victory over French side Olympique Lyon at the Santiago Bernabeu. In the other game, Chelsea and FC Copenhagen played out a 0-0 draw, meaning the English side go through with an aggregate score of 2-0.

Rajaratnam lawyer: information public, not secret

Accused hedge fund manager Raj Rajaratnam did not get secrets about Advanced Micro Devices Inc and eBay Inc from a former high-placed friend because the information was already public, his lawyer argued at trial on Wednesday.

Yen surges to record high; intervention risk looms

The yen soared to a record high against the dollar on Wednesday as concerns escalated over a nuclear crisis in Japan, and investors nervously watched to see if Japanese authorities will step in to stem the currency's rise.

Lionsgate teams with Groupon on Lincoln Lawyer

TORONTO - Lionsgate is partnering with Groupon to sell half-price $6.00 tickets for The Lincoln Lawyer, starring Matthew McConaughey, Marisa Tomei and Ryan Phillippe. The film is opening wide this Friday.

Apple clobbered by rare Wall St downgrade, Japan looms

A rare Wall Street downgrade stoked fears that Apple Inc's torrid growth is slowing and sent its shares sliding for the second straight day as nervous investors ponder the impact on the tech industry from Japan's largest-ever earthquake.

J&J gives CEO high marks and pay despite low year

After a year in which Johnson & Johnson's product quality control was deemed such a shambles that the U.S. government will oversee some plants, the board had praise for Chief Executive William Weldon and awarded him almost $29 million in overall compensation.

Obama administration seeks Internet privacy bill

The Obama administration is backing legislation to protect the personal data of Internet users, toughening its stance from a call last year for voluntary codes of conduct for data companies and advertisers.

Geithner says imperative to cut deficits

Treasury Secretary Timothy Geithner said on Wednesday it is imperative that the United States cut its budget deficits, and he believes there is increasing bipartisan support in Congress to do so.

Inflation pressure bubbles, home building dives

Producer prices surged in February at their fastest pace in 1-1/2 years, data showed on Wednesday, a day after the Federal Reserve said it had a watchful eye on inflation pressures it expects to subside.

Economic hit from Japan quake seen up to $200 billion

Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast.

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