IBT Staff Reporter

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Amid signs of recovery, caution is still key

Call it spring fever. For the third year in a row, optimism is spreading that growth in the United States could be poised to accelerate and drive the economy into sunnier pastures.

This time it's different

Call it spring fever. For the third year in a row, optimism is spreading that growth in the United States could be poised to accelerate and drive the economy into sunnier pastures.

Mexico says G20 to look at smoothing capital flows

Mexico will include possible steps to blunt the impact of sharp capital flows on the Group of 20's policy agenda after discussions with Latin American neighbors, Finance Minister Jose Antonio Meade said on Sunday.

Deutsche Bank's Ackermann not looking for more jobs

Outgoing Deutsche Bank chief executive Josef Ackermann said he had no plans for further jobs besides several prominent European-based board seats such as Swedish family-run Investor and German group Siemens .

Chinese writers' group sues Apple: state media

A group of 22 Chinese authors have filed a claim against U.S. technology group Apple, alleging its App Store sells unlicensed copies of their books, Chinese state media reported on Sunday.

Global economy on recovery path, risks remain: IMF chief

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.

Growth China's top priority, inflation key risk-NDRC

China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform Commission, said on Sunday.

China Feb home prices unchanged from year ago

Average annual home prices in China's 70 major cities remained unchanged in February from a year ago, easing from a rise of 0.5 percent in January, according to Reuters' calculation using official data published on Sunday.

Brazil navy spots oil stain in Chevron field

The Brazilian navy said it spotted a thin stain of oil extending for about half a mile in the same offshore field operated by U.S. oil company Chevron where a high-profile spill occurred last November.

Fed revises stress test losses

The Federal Reserve bank said on Friday it had made mistakes in calculating bank losses in stress test results released this week.

Radio show on Apple's Chinese workers is retracted

The U.S. radio program This American Life has retracted an episode critical of working conditions at a Chinese factory that makes iPhones and iPads for Apple Inc, saying it had contained numerous fabrications.

Kurds say Exxon still working in North Iraq

Exxon Mobil has not suspended its work in Iraq's autonomous Kurdish region, an aide to the region's president said on Saturday, after Baghdad said Exxon had frozen its Kurdish deal.

France's Total to raise Ichthys stake later in 2012: chief

French oil giant Total's deal to buy a bigger stake in its $34 billion Ichthys liquefied natural gas project in Australia from partner Inpex Corp <1605.T> may be delayed and will only close before the year-end, its chief executive said.

Goldman person leaked Apple, Intel secrets: lawyer

A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc, a lawyer for former Goldman board member Rajat Gupta said in court on Friday.

Regulator questions bill to ease capital raising

A top regulator on Friday slammed a House bill to boost small business growth, adding to the chorus of critics who appear poised to derail passage of a rare bi-partisan bid to spur growth in an election year.

Kony film director hospitalized after unfortunate incident

The maker of an Internet film gone viral that calls for the arrest of Ugandan rebel leader Joseph Kony has been hospitalized in California following an unfortunate incident that his group and family said on Friday stemmed from the emotional toll of recent weeks.

Regulators probe Google privacy breach: report

The Federal Trade Commission is examining whether Google deceived consumers by planting so-called Internet cookies in Apple's Web browser without users' consent, Bloomberg reported on Friday.

Huckabee vs Limbaugh: Cumulus aims at Clear Channel

Earlier this week, Cumulus Media sent out an email blast to fellow radio station owners with a photoshopped picture of former U.S. Presidential candidate Mike Huckabee, promoting him as the conservative talk radio host of the future.

MF Global customers seek to streamline liquidation

The primary advocate group for former MF Global customers is undertaking an effort to convert the commodities broker's bankruptcy status to one that allows a more streamlined liquidation process, saying it would preserve more potential payback for customers.

Radio show on Apple's Chinese workers is retracted

The U.S. radio program This American Life has retracted an episode critical of working conditions at a Chinese factory that makes iPhones and iPads for Apple Inc, saying it had contained numerous fabrications.

LightSquared gets $65 million as Sprint quits

Hedge fund manager Philip Falcone's LightSquared lost its main business partner, Sprint Nextel Corp , but gained $65 million from the breakup that may help its last-ditch effort to get regulatory approval to establish a high-speed wireless network.

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