IBT Staff Reporter

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Sudan’s U.S. embassy urges Americans to leave

On Tuesday the U.S. Embassy in Sudan authorized nonessential staff and family to leave the country, citing that protests against the International Criminal Court's indictment of the Sudanese president could increase the danger of anti-Western violence.

Czech Republic

A historic jewel hidden away at the heart of Europe, the Czech Republic packs a lot of punch for such a small country. No bigger than Scotland...

Uptick rule eyed, Fed chief backs accounting tweak

U.S. Regulators will consider reviving the uptick restriction on short-sellers of stocks and a top monetary official lent his support on Tuesday to modifying an accounting rule that has forced banks to take billions of dollars in writedowns.

Bernanke says G20 should guide regulatory revamp

Federal Reserve Chairman Ben Bernanke on Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises.

U.S.-China spat raises tension

The United States accused China on Tuesday of adopting a more aggressive military stance as a naval confrontation sparked anger in Beijing and raised tensions ahead of a U.S. visit by China's foreign minister.

Citigroup's Pandit says bank profitable, shares soar

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the bank's survival prospects and sending its shares up 38.1 percent.

Madoff waives indictment, to plead guilty

There was a fair expectation that accused swindler Bernard Madoff will plead guilty on Thursday to criminal charges in Wall Street's biggest fraud, his lawyer said in court on Tuesday.

AT&T sets '09 budget cuts, to add some jobs

AT&T Inc on Tuesday said it would invest $17 billion to $18 billion through capital spending in 2009, in line with its previously announced plan to cut spending by up to about 15 percent.

Uptick rule may return, mark-to-market changes seen

The possible return of the uptick restriction on short-sellers of shares and the prospect of changes in an accounting rule that has forced banks to take billions of dollars in writedowns, sent U.S. shares higher on Tuesday.

Clean tech has record 2008

Solar power, wind and biotech made record money last year and promise excellent results in the future, but first, companies must survive the world financial crisis, a report said on Tuesday.

EPA unveils first emissions reporting plan

The U.S. Environmental Protection Agency on Tuesday proposed a comprehensive U.S. system for reporting emissions of carbon dioxide and other greenhouse gases, a step toward regulating and reducing these emissions.

Bank rally powers Wall Street higher

Stocks rallied strongly on Tuesday after Citigroup said it was profitable in the first two months of 2009 and a key lawmaker said he expects the reinstatement of a rule that hinders bets a stock will fall.

Citigroup CEO Pandit says bank profitable

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

AT&T to add jobs, boost spending

AT&T Inc on Tuesday said it plans to invest $17 billion to $18 billion on capital spending in 2009, with about two-thirds to be used to improve its wireless and wired broadband networks.

Wall Street jumps as banks boost sentiment

Stocks rallied further on Tuesday after Citigroup said it was profitable in the first two months of 2009 and a key lawmaker said he expects a rule that makes it harder to bet that a share's price will fall will be reinstated soon.

Citigroup CEO says bank profitable

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

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