IBT Staff Reporter

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U.S. demands Europe acts on economy, banks at G20

Finance chiefs raced on Saturday to agree on ways to support growth and make global banks safer with a warning from Washington ringing in their ears that Europe and Japan must do more to boost home-grown demand.

G20 set to dash bank levy hope

The world's top economies were set to ditch plans for a universal global bank levy on Saturday amid signs of slippage in other reforms pledged during the financial crisis.

Geithner urges G20 to safeguard recovery

Treasury Secretary Timothy Geithner urged his Group of 20 counterparts to keep stoking global growth to counteract Europe's woes and put the onus on China, Germany and Japan to boost domestic demand.

Robert Redford attacks big oil, politics on spill

Actor and environmentalist Robert Redford has weighed in on the U.S. oil spill crisis, condemning efforts by major energy companies to promote their environmental credentials and use their money to influence their parrots in Congress.

Europe and jobs keep stocks' anxiety high

U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.

Oracle plans more firings after Sun acquisition

Oracle Corp said it plans to fire more workers mainly in Europe and Asia as it integrates Sun Microsystems, resulting in post-acquisition restructuring costs that will be more than triple what it previously disclosed.

Verizon may be alone in following AT&T rate change

Verizon Wireless could be prepared to follow AT&T Inc's lead and change how it charges wireless subscribers to download data -- but analysts say other carriers may be better served by standing their ground in the latest pricing upheaval.

Correction: Robert Redford attacks big oil, politics on spill

(Corrects title of NRDC in paragraph 2)Actor and environmentalist Robert Redford has weighed in on the U.S. oil spill crisis, condemning efforts by major energy companies to promote their environmental credentials and use their money to influence their parrots in Congress.

Ex-Lehman execs seek dismissal of Repo 105 lawsuit

Former Lehman Brothers Holdings Inc chief executive Richard Fuld asked a judge on Friday to toss out an investor lawsuit that accused him and other Lehman officials of failing to disclose a controversial Repo 105 accounting technique used by Lehman.

Baseball seeks halt to porn, indecency on MLB.com

Major League Baseball has asked a judge for a subpoena to help it identify people using Internet services provided by Charter Communications Inc to post pornography and other indecent material on the MLB.com website.

Hungary debt fears gnaw at euro

The possibility of a Hungarian debt crisis pushed the euro to a four-year low against the dollar on Friday and reignited fears more Eastern European nations could reveal financial frailties.

Chrysler recalls more than 25,000 vehicles

Chrysler is recalling more than 25,000 Dodge Caliber and Jeep Compass vehicles to address the risk that accelerator pedals could become stuck and cause unintended acceleration, the automaker said on Friday.

New Apple iPhone on tap but may fail to dazzle

Apple Inc's next-generation iPhone, which CEO Steve Jobs is widely expected to unveil on Monday, will have to really set new standards in multimedia content and function to wow Wall Street and consumers.

McDonald's recalls 12 million Shrek glasses

McDonald's Corp has recalled 12 million Shrek-themed drinking glasses in the United States after a federal agency warned consumers to stop using them because they contain the toxic metal cadmium.

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