IBT Staff Reporter

A three-year $1.35-million grant will see the Kelley School of Business at Indiana University working closely with the University of the West Indies' Cave Hill School of Business (CHSB) to develop a comprehensive entrepreneurship program for MBAs.

World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting risky assets across the board.

Japanese auto major Mazda Motor Corporation will extend the production suspension at its Hiroshima and Hofu plants until March 20 following Friday's earthquake.

Brent crude fell by as much as 1.9 percent to below $112 after explosions rocked an earthquake-stricken Japanese nuclear plant on Tuesday, sending Japanese equities into a tailspin as radiation levels climbed and dampening sentiment across markets.

Japan has confirmed that a fire at the spent fuel storage pond at an earthquake-hit reactor of Fukushima Daiichi nuclear power plant was extinguished on March 15 at 02:00 UTC, the International Atomic Energy Agency (IAEA) said.

Japanese leaders tried to calm panicky financial markets on Tuesday as a deepening nuclear power crisis looked certain to increase the toll on an economy already convulsing from a massive earthquake and tsunami.

Prices for key technology components extended gains on Tuesday, as damage at Japanese plants and infrastructure caused by Friday's devastating earthquake and tsunami threatens to disrupt the global manufacturing chain longer than many had expected.

Japanese Auto major Honda Motor Co has said that all production activities are suspended at the following Honda plants, the carmaker said in a statement.

Shares and other risky assets from the Australian dollar to commodities such as copper and oil slumped on Tuesday while safe-haven assets like U.S. Treasuries rallied as Japan's nuclear crisis worsened.

Japan has informed the International Atomic Energy Agency (IAEA) that a spent fuel storage pond at an earthquake-damaged reactor is on fire and radioactivity is being released directly into the atmosphere, the Vienna-based U.N. atomic watchdog said.

Japanese stocks plunged 12 percent on Tuesday on reports of rising radiation levels near Tokyo and lurched toward their biggest loss since the 1987 crash, in a panic selloff likely to compound the economic impact on the quake-stricken country.

Japanese stocks plunged 10.6 percent on Tuesday, posting the worst two-day losing streak since 1987, on reports of rising radiation near Tokyo, suggesting any deterioration at a quake-hit nuclear plant could trigger more panic selling led by hedge funds.

Alexandra Juhasz, a professor of media studies from Pitzer College, has worked on a video text book where the instruction is imparted through a combination of text and a series of Youtube videos.

The Bank of Japan on Tuesday offered to pump 5 trillion yen ($61 billion) into the banking system, continuing its huge fund injection aimed at easing market jitters amid escalating damage from the earthquake.

The year is 2027, and the army of the Greater Korean Republic has occupied a crumbling, bankrupt United States after annexing Japan and much of Southeast Asia, led by current North Korean heir apparent Kim Jong-un.

Microsoft Internet Explorer 9 (IE9) launched at SXSW gets a positive start with early reviews hailing the internet browser designed to counter Google Chrome and Mozilla Firefox.

Oil prices ended little changed on Monday on thin volatile trade as dealers eyed increased Japanese fuel imports after a devastating earthquake and wider Middle East unrest.

Japanese shares plunged more than 14 percent on Tuesday as fresh explosions rocked a damaged nuclear plant and triggered a rise in radiation levels, sending investors fleeing from riskier assets such as equities and commodities across Asia.

The Bank of Japan on Tuesday continued its huge fund injections into the banking system, while top economic officials highlighted the economy's resilience in a desperate attempt to limit a sharp selloff on the Tokyo stock market.

Japanese stocks dropped 7 percent to a two-year low and futures prices plunged on Tuesday as the country's prime minister said radiation levels at a stricken nuclear plant had become high, deepening concerns about the economic toll of the disaster.

Japanese stock futures prices plunged 16 percent on Tuesday as the country's prime minister said radiation levels at a stricken nuclear plant had become high, deepening concerns about the disaster and its likely economic toll.

A massive selloff on the Tokyo Stock Exchange wiped out some 23.5 trillion yen ($287 billion) from the market's value on Monday with investors dumping stocks as the country recoiled from a devastating earthquake and struggled to avert nuclear disaster.

Japan's central bank on Monday rushed to bolster markets in the wake of the country's worst disaster since World War Two and although the authorities said it was too early to put a figure on the damage, critics said a stronger initial response had been needed.

Major League Baseball has placed restrictions on the resale of debt issued by its teams in a bid to protect the New York Mets from being squeezed by investors, the Wall Street Journal reported on Monday.

A survey among state health departments finds that most American states are ill-prepared to cope with a nuclear radiation emergency should it arise.

Japanese stocks slumped almost 6 percent and to their lowest level in nearly two years and government bond futures rose on Tuesday after a fresh explosion rocked a stricken Japanese nuclear power station and workers were ordered to leave, a sign the situation may be getting more serious.

Automakers, shipbuilders and technology companies worldwide scrambled for supplies after the disaster in Japan shut down factories there and disrupted the global manufacturing chain.

Disability insurer Aflac Inc fired comedian Gilbert Gottfried as the voice of its iconic duck on Monday after a series of Twitter jokes about the earthquake in Japan, Aflac's most important market.

Kraft Foods Inc said on Monday its chief financial officer will step down in mid-2011 and be replaced by the executive who oversees the food maker's operations.