IBT Staff Reporter

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Shinsei set to post $1 billion loss: sources

Japan's Shinsei Bank , one-third owned by buyout firm JC Flowers, is likely to post a net loss of about 100 billion yen ($1.1 billion) for the year ended in March and its president plans to resign, sources familiar with the matter said on Wednesday.

CSX earnings rise 22 percent

U.S. railroad CSX Corp reported a 22 percent jump in quarterly earnings on Tuesday, beating analysts' estimates and offering fresh signals that the economy is ticking upward.

The health test every man should do

Testicular cancer occurs when the cells in the testicles grow abnormally and develop into a tumour, commonly a seminoma in men aged 25 to 55 and a nonseminoma in men aged 15 to 30. Usually only one testis is affected, but it may spread through the lymph nodes to the abdomen, lungs, liver, bone or brain.

Gates assails Internet group over attack video

Defense Secretary Robert Gates criticized the Internet group Wikileaks on Tuesday over its release of a video showing a 2007 U.S. helicopter attack that killed a dozen people in Baghdad, including two Reuters news staff.

Twitter chases first revenue with ad service

Microblogging service Twitter introduced a new advertising program on Tuesday, in a first step to prove that its popularity among web users can translate into a self-sustaining business.

List of possible Palm suitors grows, led by Asians

Palm Inc, may be scooped up by an Asian company with enough cash and manufacturing muscle to turn around the struggling smartphone maker, but analysts warn a deal could prove too rich for any buyer at current prices.

Web browser that bypasses big brother a Kazakh hit

A browser that bypasses censors has become the most popular way to access the Internet in Kazakhstan, a Central Asian state where sites critical of the government are often blocked, a Web statistics firm said.

Market gains modestly; Intel rises late

Stocks eked out a gain on Tuesday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa Inc acted as a headwind.

Intel beats Street view, shares jump

Intel Corp reported a 44 percent surge in first-quarter revenue and delivered a current-quarter forecast ahead of Wall Street expectations, boosting the chipmaker's stock by 4 percent.

FDIC proposes large banks pay for their risk

U.S. regulators proposed large banks pay higher fees if they engage in risky activities, introducing a new scorecard said to better predict how institutions will fare in economic downturns.

Market rises slightly as results eyed

U.S. stocks eked out a gain on Tuesday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa Inc acted as a headwind.

Forex - US's Geithner says will push China on fair trade rules

U.S. Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules. Interviewed during an appearance before a meeting of the American Society of Newspaper Editors, Geithner repeated that it was important for China to move toward a flexible currency rate regime and added that he felt Beijing understands it was in that nation's own interest to do so.

FOREX-Euro slips vs most currencies as Greece woes dominate

The euro fell against most currencies on Tuesday as a Greek debt auction highlighted persistent doubts about Greece's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its first borrowing test since the euro zone agreed on a potential rescue package but paid a high premium to issue the Treasury bills.

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