IBT Staff Reporter

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Wal-Mart hikes dividend 20.6 percent

Wal-Mart Stores Inc said it is increasing its annual dividend nearly 21 percent, citing its ability to generate cash in a fiscal year that disappointed investors with weak U.S. sales.

Marvell quarterly results below estimates

Chipmaker Marvell Technology Group posted worse-than-expected fourth-quarter results as investors worried soft personal computer sales could hit its hard-drive controller business.

CORRECTED: Doximity gains fans ahead of official launch

Corrects symbol of Apple Inc.NEW YORK - Days ahead of its official launch, Doximity -- a LinkedIn-style application for healthcare professionals -- already has the backing of the venture capital community and thousands of U.S. doctors.

IAC loses appeal over ex-unit that went bankrupt

IAC/InterActiveCorp , a media holding company chaired by billionaire Barry Diller, lost its bid to dismiss a lawsuit accusing it of deceiving a private equity firm into buying a call center operator that quickly went bankrupt.

Geithner plays down oil supply risks

Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.

Geithner: Can tap oil reserves if needed

The United States and other major economies can tap strategic oil reserves if need be to keep soaring oil prices from derailing a global recovery, Treasury Secretary Timothy Geithner said Thursday.

Swift deal needed in Mets Madoff dispute: mediator

Mediation would not go on endlessly if no deal were reached between the owners of the New York Mets baseball team and the Madoff trustee in their $1 billion dispute, mediator Mario Cuomo said on Thursday.

Gross urges slow pace of deficit cuts

Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged lawmakers to cut the massive federal deficit but not so swiftly as to choke off the nascent U.S. economic recovery.

Data points to strengthening growth, jobs

The number of Americans filing new claims for jobless aid hit the lowest level in more than 2-1/2 years last week and service sector hiring picked up in February, signs the labor market recovery was quickening.

Sears latest store chain to woo Amazon affiliates

Sears Holdings Corp sent an open letter on Thursday to independent Web operators affiliated with online retailer Amazon.com inviting them to join its network, becoming the second major U.S. store chain to go after key partners of the Web retailer in recent weeks.

Highlights: Geithner's testimony to Senate panel

The following are highlights from testimony by Treasury Secretary Timothy Geithner on Thursday before the Senate Foreign Relations Committee on turbulence in the global economy and implications for the United States.

Wal-Mart raises dividend 20.6 percent

Wal-Mart Store Inc said it is increasing its annual dividend nearly 21 percent, citing its sales and profit performance and ability to generate cash in the fiscal year just ended.

Oil reserves give price safety valve: Geithner

Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.

Full Text: Newt Gingrich on Smaller Government, 2012 Presidential Aspirations

The following is a transcript of a press conference on March 3, 2011 at the Georgia State Capitol with former House Speaker Newt Gingrich where he discusses an initiative to reduce the size of the federal government by creating a 'Tenth Amendment Implementation Act' and his plan to explore a possible presidential run in 2012.

Discovery Crew Gets A Call From Obama

President Obama tells Discovery astronauts talks about the Discovery shuttle and gives ISS commander Scott Kelly an update on his sister-in-law, senator Gabrielle Giffords.

Fed needs vigilance on inflation: officials

The Federal Reserve Bank should continue to flood the economy with cheap money to fight high unemployment, but policymakers must stay on watch for signs of inflation, two top Fed officials said on Thursday.

Republicans question SEC on Madoff conflicts

Two Republican lawmakers are probing a decision by the U.S. Securities and Exchange Commission to let the agency's top lawyer handle matters concerning Bernard Madoff, even though his deceased mother had invested with the swindler.

Oxus prepares for legal battle over Uzbek gold

Oxus Gold (OXS.L) laid the ground for a legal battle with the government of Uzbekistan over the future of its ill-fated investment in the central Asian state, wiping out more half of its market value on Thursday.

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