IBT Staff Reporter

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Swiss to reveal UBS accounts to settle U.S. tax row

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

H1N1 smashes children in HK, near 8000 cases totally

Twenty-one residents of a Hong Kong child care center have fallen ill as the H1N1 virus continues to rage in the city, with 17 of them already tested positive for the disease, health officials said on Wednesday.

Consumers to benefit as credit card law debuts

U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.

Diddy seeks new stars of Facebook generation

Music mogul Sean Diddy Combs wants you -- a music star of the Facebook generation. He does not want a performer who can only sing, dance, or look good on TV , but one who can do all that, and social network.

Oil soars on sharp U.S. inventory draw

Oil surged more than 4 percent on Wednesday after U.S. government data showed a steep drop in crude imports and inventories in top consumer the United States.

3 Vital Business Lessons from Tiger Wood's PGA Loss

You don't have to be a rabid golf fan to know that something just happened in professional golf that was unprecedented and unpredicted: Tiger Woods lost a major golf tournament after leading at the halfway point of thirty-six holes.

Not Your Parents' Gasoline

Gasoline pumps have been labeled as Regular, Midgrade, and Premium based on octane rating for many years, but modern gasoline formulations have many other attributes. Performance and emissions standards that govern how gasoline is made, which have varied over time and by location, affect the production cost of gasoline and its retail price.

Deere shares hit as outlook overshadows results

Deere & Co warned on Wednesday that it would barely break even in the current quarter and that it would cut production by as much as a third because of weak demand for construction equipment and a sharp drop in overseas orders for farm tractors.

Central bankers to mull crisis lessons at retreat

Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again.

Bear Stearns exec ignored conflict warnings: government

A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.

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