IBT Staff Reporter

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Some banks may need more gov't aid to stay solvent: report

Economists and other finance experts say some U.S. banks are insolvent, adding that government may need to take a bigger role allow banks to resume the lending needed to improve the economy, according to a report from the New York Times.

Lawmakers push US stimulus plan

Spurred on by President Barack Obama, US lawmakers on Thursday prepared for final votes by week's end on an unprecedented 789-billion-dollar plan to help Americans through a painful economic crisis.

Frank: Obama to end bailout abuses

Rep. Barney Frank, the head of the House Financial Services Committee, said Thursday the Obama administration is more trustworthy than the Bush administration to ensure that banks do not misuse money bank bailout funds.

Digital TV officially delayed

President Obama signed the DTV Delay Act into law Wednesday night, postponing the transition to digital TV until June 12 and putting wireless companies' plans to use their 700 MHZ spectrum assets on hold.

Asus sells 4.9 mln netbooks

Asustek Computer today said it sold 4.9 million Eee PC netbooks last year, a figure that rival Acer believes it can best.

Viacom revenue falls 69 pct on weak ad sales

Viacom Inc.'s fourth-quarter profit fell 69%, hurt by weakness in advertising sales at MTV and other cable channels, and the company said ad revenues are likely to get worse in 2009 before they get better.

Mubai attacks planned in Pakistan

Pakistan publicly acknowledged for the first time Thursday that last year's attack on Mumbai was largely planned on its soil and that it had arrested most of the key plotters.

U.S. Reaches $789 Bln Economic Stimulus Deal, Grills Bankers

U.S. efforts to take action on slowing business activity, joblessness and reduced credit grew on Wednesday as U.S. lawmakers moved to pump tax dollars into the economy, reduce taxes going forward and grilled top U.S. bank executives amid widespread concern.

Fed Gears Up for $2 Trillion U.S. Debt Sale

As the U.S. prepares to sell more than $2 trillion in debt this year, the Federal Reserve Bank of New York is holding talks with several firms which would help underwrite government debt instruments for sale in auctions, according to a report.

Nvidia's 2009 Ion platform due in spring

Nvidia says Microsoft has validated Ion platform with Windows Hardware Quality Labs (WHQL) drivers for Windows Vista Home Premium that will give little much bigger graphics capabilities.

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