IBT Staff Reporter

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Cybersecurity chief Beckstrom resigns

The U.S. government's director for cybersecurity resigned on Friday, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems.

U.S. cybersecurity chief resigns: report

The U.S. government's director for cybersecurity has resigned, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems, The Wall Street Journal reported on Friday.

Americans hit the road again as gas prices fall

Denise Blackerby is hitting the road again. When retail gas prices scaled historic peaks above $4 a gallon last year, she found she could no longer make monthly trips from the Dallas area to Houston in her Ford Explorer SUV to visit her family.

Nacchio requests bail pending Supreme Court review

Former Qwest Communications International Inc Chief Executive Joseph Nacchio on Friday asked a U.S. court to let him stay free on bail while he appeals his insider trading conviction, just over two weeks before the day he is set to report to prison.

Weaker dollar sends oil above $45

On March 6, oil futures rose to above $45a barrel as dollar weakness and expectations of further output cuts by OPEC offset data showing that U.S. employment soared to the highest rate in more than 25 years.

Dominica

Dominica is arguably the best all-around adventure vacation island in the Caribbean, with gorgeous reefs, plenty of tropical lush rain forests, hiking, waterfalls, warm water springs, splendid fruits and vegetables and modest hotels, expect daytime temperatures in the 80s and night lows around 68 in winter and 73 in summer, although a few minutes up the mountain and into the cloud forest can chang...

GM, banks' fate to keep investors on edge

With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk next week, putting Wall Street on track for another brutal sell-off.

UK may get 75 percent Lloyds stake in asset deal: source

Britain will take a stake of up to 75 percent in Lloyds Banking Group after agreeing to a deal that would cap the bank's losses on about 250 billion pounds ($356 billion) of its risky assets, a person familiar with the matter said on Friday.

German court fines man $2,300 for SMS message

A court in Germany fined a man 1,800 euros ($2,300) for inadvertently passing on an SMS text message which told the recipient they had just killed a Turk by opening it, his lawyer said Friday.

Dow, S&P buoyed by oil; Nasdaq falters on techs

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.

Climate change forecasts are useless for policy making

Even as we struggle with serious global financial and economic difficulties, some people believe manmade global warming is a real problem of urgent concern. Perhaps this is because, almost every day, media outlets quote “experts” who predict that soaring temperatures, rising sea levels, increasing storms, prolonged droughts and other disasters will result from human activity.

U.S. needs to do more on climate: EU official

The United States must make deeper cuts in greenhouse gas emissions than proposed by President Barack Obama if the world is to stand a chance of avoiding devastating climate change, an EU official said.

Dow, S&P rise on oil; Nasdaq drops on big-cap tech

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.

Wall St. hit by Apple, banks and grim jobs data

Stocks fell to further 12-year lows on Friday as a bearish brokerage view on Apple Inc prompted a sell-off in technology shares and overhanging fears about the banking system's future weighed.

Madoff may soon plead guilty

New York financier Bernard Madoff, accused of a $50 billion Ponzi scheme, may be near a plea deal with prosecutors.

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