IBT Staff Reporter

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Satyam to be investigated by Gov't Office

India ordered the Serious Fraud Investigation Office to investigate regulations at Satyam Computer Services Ltd, Prem Chand Gupta, minister for company affairs said in New Delhi today.

Trade gap in November drops on import slump

The nation's trade deficit contracted 28.7 percent in November, the most in 12 years, on a record drop in imports due to weak consumer demand and plummeting oil prices, the US Commerce Department reported Tuesday.

Clint Eastwood's 'Gran Tornio' tops box office with $29.5M

Clint Eastwood’s new Drama “Gran Torino,” in which he stars and directs, led the U.S. box office with $29.5 million in its first weekend of wide release, the highest weekend total for any of Eastwood's films, reported the Associated Press.

Tax free online shopping could end soon

The days when you sat behind your browser, quickly picked the items you wanted buy, placed them in your virtual basket and checked out without paying sales tax could soon be a thing of the past.

Bernanke says economic stimulus may not be enough

Federal Reserve chairman Ben Bernanke said Tuesday that the fiscal stimulus package by President-elect Barak Obama would significantly boost for the stagnant U.S. economy, however he warned it won't be enough to last for the long term unless other steps are taken to stabilize the shaky financial system.

UN chief to urge leaders in person on Gaza cease fire

United Nations Secretary-General Ban Ki-moon on Monday said he's embarking on a Mideast tour to press for Israel and Hamas to immediately stop fighting and allow humanitarian aid into the devastated Palestinian territory.

Alcoa posts $1.19 bln loss as aluminum demand drops

Alcoa Inc. the third largest aluminum maker in the world, announced Monday its first net loss in six years during its fourth quarter, lower than analysts expected as the economic downturn impacted demand and prices of the metal.

Daily Forex Overview

On Monday, the yen advanced across the board at the expense of higher-yielding currencies as risk aversion and slumping equities reemerged as the dominant concerns for investors.

Gazprom says Ukraine blocks gas flow again

Russian state-owned gas firm Gazprom on Tuesday accused Ukraine of blocking Russian gas traveling through pipelines into Europe, just hours after it was reported that gas flows had resumed.

Israeli troops advance deeper into Gaza

Israeli troops advanced into densely populated suburbs of Gaza early Tuesday; just hours after Prime Minister Ehud Olmert warned Islamic militants of an iron fist unless they agree to Israel's terms to end the fighting.

Senate Democrats will accept Burris

Senate Democrats say they will seat Roland Burris as an Illinois senator this week after earlier statements that his appointment had been tainted because he had been selected by Illinois Gov. Rod Blagojevich, who has been impeached for abuse of power.

Obama, Bush team up to access $350 bln bailout fund

On behalf of President-elect Barack Obama, President Bush on Monday said he has agreed to ask Congress for the second half of a $700 billion financial bailout fund. The timing of the request means that Obama may have the funds at his disposal by the time he is inaugurated as President in one week.

Russia begins pumping gas to Europe again through Ukraine

Russia began sending gas to Europe through Ukrainian pipelines on Tuesday, ending nearly a week-long contract standoff that came in the middle of winter. It will take up to 36 hours for the gas to make its way through the pipelines, however a dispute about gas for the Ukraine has not been settled yet.

Ann Coulter on the View

Ann Coulter appeared on The View today, to discuss her new book Guilty: Liberal 'Victims' and Their Assault on America.

Kimberly-Clark Touts Room with 'The View'

Kimberly-Clark Corporation has teamed up with ABC's The View for year three of the Room-A-Day Giveaway sweepstakes to award 16 lucky winners $25,000 each for a room makeover.

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