IBT Staff Reporter

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Disney shows all-around strength, profit surges

Walt Disney Co reported better-than-expected gains in profit and revenue, reflecting an improving economy that got consumers traveling to its theme parks and businesses buying up ad time on its TV networks.

Blast rocks Enterprise natgas plant in Texas

One worker was unaccounted for after explosions rocked a natural gas liquids storage complex on Tuesday in Mont Belvieu, Texas, according to the plant's owner, which also said the main facilities were not damaged.

Fed's Lockhart says inflation still too low

U.S. inflation is still below the central bank's comfort levels and price rises for individual goods or services does not signal broader price pressures are around the corner, a top Federal Reserve policymaker said on Tuesday.

Hedge fund managers arrested in insider case

Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds' trading activities.

ID theft down 28 percent in U.S. in 2010: Survey

The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.

Dow rises for seventh straight day

The Dow notched a seventh straight day of gains on Tuesday, but light volume suggested that investors don't believe the more than five-month rally has the legs to keep going.

Probe clears Toyota's electronic throttles

A government probe cleared Toyota Motor Corp's electronics of causing unintended acceleration, a big victory for the world's top automaker as it seeks to recover from the hit it took over runaway vehicle accidents.

Sara Lee eyes more price increases

Sara Lee said on Tuesday it would be raising prices again on its food and beverages, which could continue to affect sales, as it struggles with soaring commodity costs.

Dow up for 7th day

The Dow closed its seventh straight day of gains on Tuesday after McDonald's surprisingly strong sales drove confidence in the economic recovery.

Critics set to blast Fed on Paul's monetary policy panel

Three critics of the Federal Reserve are set to testify before Congress on Wednesday in a hearing chaired by Rep. Ron Paul, R-TX, that will focus on the effect of the Federal Reserve's policies on job creation and the unemployment rate.

Dow rises, helped by consumer shares

The Dow rose on Tuesday after blue-chip component McDonald's posted stronger-than-expected restaurant sales, but the S&P 500 and Nasdaq were little changed after China raised interest rates.

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