IBT Staff Reporter

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AT&T eager to extend iPhone deal with Apple

AT&T is in negotiations with Apple to extend its exclusive deal to carry the iPhone in the U.S. from 2010 until 2011, The Wall Street Journal reported, citing people familiar with the matter.

Latin America urged against protectionism

Latin American leaders and executives urged governments in the region on Wednesday to stop erecting trade barriers, saying the financial crisis was a chance to tackle problems that have long hindered the region's competitiveness.

Weak data offers some glimmers of hope

U.S. consumer prices fell in March, posting their first 12-month drop in nearly 54 years, and industrial production slipped further, according to data on Wednesday that underscored the severity of the recession.

U.S. declines, again, to brand China manipulator

The Treasury Department on Wednesday declined to name China a currency manipulator, backing down from tough talk last year when Barack Obama, then campaigning for president, said Beijing was keeping its currency unfairly low.

Wall Street rises on hints recession easing

Stocks rose on Wednesday amid numerous signs the recession could be abating and data from American Express signaled the ability of some consumers to pay their bills is stabilizing.

Microsoft says EU antitrust deadline extended

Microsoft Corp confirmed on Wednesday a report that it had received a one-week extension from EU antitrust regulators to respond to charges that it had sought to thwart rivals by bundling its web browser with Windows systems.

You’re Fired¬So Solve These 8 Major Problems

You can’t believe what your supervisor just said: “Our company is feeling the impact of the economic nose dive. So we’re going to have to eliminate your position, effective today. Now let’s take a minute to review your severance plan.”

Banks lend less in February

On Wednesday the Treasury Department in its most recent monthly survey reported a larger decrease in bank lending rate to consumers.

Obama wants climate bill mindful of WTO rules: Kirk

The Obama administration wants to ensure that legislation being crafted by Congress to fight global climate change does not violate international trade rules and backfire on U.S. exports, the top U.S. trade official said in a letter to a Republican lawmaker.

France to have second vote on Internet piracy law

France's parliament will vote again on a government-backed bill to crack down on Internet piracy, a proposal that was rejected the first time around in an embarrassing defeat for the ruling UMP party.

Handle tricky situations with grace

Dear Sam: I worked for 23 years for a well-known company until 3 years ago when I and 99 others were asked to take early retirement. I was off for 3 months when I found a new temp-to-perm position. After 18 months I was promoted to an administrative assistant position with the idea I was a potential permanent hire.

Fed may need to be more open to appease Congress

The U.S. Federal Reserve may face uncomfortably close congressional scrutiny unless it can convince lawmakers that its job in the midst of a crisis is much bigger than merely raising and lowering interest rates.

U.S. consumer pullback continuing

Many economists expect the U.S. recession to end in the second half of this year, but companies catering to consumers showed on Wednesday that the prolonged downturn and rising unemployment are taking a toll on business in the near term.

Fiat CEO says other options to Chrysler deal

Fiat SpA's chief executive said there were other options to a partnership with troubled U.S. car maker Chrysler LLC although he still wanted seal the deal by the April 30 deadline set by Washington.

Hyundai Motor sees no recovery sign yet

The global car industry is showing no convincing signs of recovery yet as sluggishness in developed economies has deeply dented demand, a Hyundai Motor Group vice chairman said on Wednesday.

GM creditor cracks show as bankruptcy looms

The risk of a General Motors Corp bankruptcy is rising, causing bondholders to pursue independent strategies to protect their interests if GM's survival battle moves to bankruptcy court, two sources close to the government talks with GM said on Tuesday.

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