IBT Staff Reporter

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Oscar ratings down seven percent, hosts blamed

James Franco and Anne Hathaway were chosen as the hosts for the 83rd Annual Academy Awards with the hope of appealing to a younger demographic. Even so, the pair failed to pull big ratings during the awards ceremony.

House of Slide by Level Architects

Have you ever imagine living in a house with a slide when you were kids? Your kids will love this house. 'LEVEL Architects' based in Yokohama have created this amazing concept house in Tokyo.

Chain store sales seen up; gas prices lurk

February sales numbers that top U.S. chains report this week will be the first sign of shoppers' ability and willingness to pay more for clothing and household items now that gas prices are rising.

Verizon eyes tiered pricing for mid-summer

Verizon Wireless will replace its unlimited mobile data service with usage-based pricing for iPhone customers around the middle of the summer, according to the finance chief of parent Verizon Communications.

Libyan crisis leads to cut in OPEC output: survey

OPEC output fell in February from a two-year high the previous month as the uprising in Libya curbed supplies from Africa's third-largest producer, even as Saudi Arabia pumped more, a Reuters survey showed on Tuesday.

Investors line up for Ally's $2.7 billion secondary offer

by Timothy SifertThe Treasury's $2.7 billion secondary offering of Ally Financial's trust preferred securities unveiled Tuesday is expected to be a blowout, as investors rush to get in on one of the last opportunities to buy a sizeable bank TruPS deal.

Gold and Silver at New Record Highs!

Gold jumped against a falling Dollar in London trade on Tuesday, touching $1,432.10 per ounce, one dollar above the all-time peak of 7th Dec. Silver marks a fresh all-time high at $34.44/oz, while Western stock markets fell and Brent crude oil rose towards new two-year highs.

Carmakers upbeat as Feb sales show promise

As Europe's car market weans itself off the rush of government subsidies, carmakers at the Geneva auto show are finding cause for optimism on a continent overshadowed by heady growth in emerging Asia.

Goldman estimates $3.4 billion in legal losses

Goldman Sachs Group Inc could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote, the investment bank said in its annual filing with regulators on Tuesday.

As U.S. Ships Approach Libya, Critic Blasts Possible Military Action

As the United States moves military ships toward the Mediterranean Sea and officials discuss the possibility of imposing a no-fly zone over Libya, Venezuelan President Hugo Chavez said it was irresponsible to consider all options to resolve the situation there, including an invasion.

Bernanke sees few ripples for U.S. from costly oil

Federal Reserve Chairman Ben Bernanke offered a fairly upbeat assessment of the U.S. economy on Tuesday, saying the recent surge in oil prices is unlikely to have a major effect on either growth or inflation, as long as higher prices do not become sustained.

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