IBT Staff Reporter

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Insurance industry likely spared Japan nuclear threat

The unexpected nature of this week's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said on Saturday.

Nature of Japan quake complicates insurance

The unexpected nature of this week's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said on Saturday.

D.Boerse/NYSE workers to pick new name: report

Deutsche Boerse will avoid forced layoffs in its planned merger with NYSE Euronext , and employees will choose the merged exchange operator's name, Deutsche Boerse chief executive Reto Francioni has said.

Sarkozy promises Brazil fighter jet technology

French President Nicolas Sarkozy promised Brazil his government would support Dassault's proposed technology transfer of its new fighter jet as the company seeks an edge in its bid to win a multibillion-dollar Brazilian military contract.

Odd nature of Japan quake complicates insurance

The unprecedented nature of Friday's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses especially challenging, senior executives at two top catastrophe modeling firms said on Saturday.

NASA Satellite Images Show Extent of Sendai Tsunami Flooding

NASA's Earth Observatory team has published enhanced satellite images comparing before and after shots of the northeastern Japanese city of Sendai after a massive 8.9 magnitude earthquake and tsunami struck the coast, pointing out areas hit by flooding.

NY Bound Bus Overturns, Killing 13

An inter-city tour bus traveling from a casino in Connecticut to New York City overturned on Saturday killing 13 people, according to reports.

Generator failure grounds F-35 fighter fleet

The military has grounded its entire fleet of 10 F-35 fighter jets built by Lockheed Martin Corp while it investigates a dual generator failure and an oil leak that occurred during a flight test last week, the company said.

Lehman probe stalls; execs may escape charges: report

A government probe into the fall of Lehman Brothers Holdings Inc has hit so many snags that enforcement officials fear they may never be able to bring civil or criminal charges against company executives, the Wall Street Journal reported on Saturday.

Will I be alive tomorrow, asks Japanese woman on Internet

Thousands of people in tech-savvy Japan swamped the Internet in the hours after a devastating earthquake and tsunami to tell loved ones they were safe, but social networking sites were also flooded with worries about an explosion at a nuclear plant.

Apple iPad 2 arrives with a bang [PHOTOS]

Technology giant Apple basked in the success of the launch of iPad 2 as tech-junkies gathered in serpentine queues outside outlets across America. Start the slideshow to see the photos as Apple iPad 2 arrives with a bang:

Euro zone leaders agree to strengthen bailout fund

European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on loans extended to Greece, a move to get on top of the year-long debt crisis.

Lawson Software receives $1.8 billion offer

Lawson Software said late on Friday it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 per share in cash.

Toyota, other carmakers close quake-hit plants

Toyota Motor Co <7203.T> said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overseas markets, after a massive earthquake hit Japan the previous day.

Fannie ex-CEO may face claims in SEC probe: report

Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from U.S. regulators that he may face claims for allegedly misleading investors about the mortgage company's exposure to subprime loans, Bloomberg said.

Big crowds greet Apple's iPad 2

Thousands of people thronged Apple stores on both U.S. coasts as the iPad 2 went on sale on Friday, signaling a strong appetite for a device that dominates the fledgling market it created.

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