IBT Staff Reporter

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One hurdle cleared, Greece now faces troika scrutiny

Greece faced a new hurdle in its attempt to avoid bankruptcy on Wednesday as international auditors headed to the Mediterranean state to scrutinize new austerity measures they must endorse for Athens to stay afloat.

Geithner: Business should back development banks

U.S. businesses should support the role of multilateral development banks in trying to bolster global growth because their efforts help boost export markets, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

RIM shares jump on Icahn stake talk

Shares of Research In Motion jumped more than 6 percent on Tuesday on market speculation that activist investor Carl Icahn had taken a stake in the struggling BlackBerry maker.

Merkel risks rebellion on euro rescue fund

German Chancellor Angela Merkel may fall short of a majority in her own coalition for a crucial reform of the euro zone rescue fund meant to stop a sovereign debt crisis spreading, in what would be a severe blow to her authority, a test vote showed.

First delivered Boeing 787 takes off for Japan

Boeing Co's 787 Dreamliner waggled its wings on Tuesday in a salute to workers who built the world's first carbon-composite passenger jet as it took off from its factory for the last time and headed for Japan at the start a new era of air travel.

U.S. on knife edge of contraction: Fed economist

The U.S. economy is on a knife edge between growth and contraction, and if it were a dashboard, it would be flashing watch out, danger ahead on all gauges, Dallas Federal Reserve Bank's top economist said on Tuesday.

Premature euro rescue talk buoys markets

Talk of beefing up the euro zone's bailout fund lifted stocks on Tuesday but complicated the debate in Germany where Angela Merkel is struggling to unite her coalition behind more modest steps to aid Europe's weak economies and banks.

Europe plans charter to safeguard Internet users

The Council of Europe plans to establish an Internet user charter to guarantee the rights of consumers in an era of increasing government attempts to seize control of the Web, its deputy secretary general said on Tuesday.

U.S. health insurance premiums climb faster in 2011

The cost of health insurance continues to climb for U.S. companies and workers, with annual family premiums this year growing at a pace triple that of 2010 and outpacing wage increases, according to a survey.

Lawmakers call undeletable cookies unacceptable

Two leading lawmakers on privacy -- a Republican and Democrat -- have asked the Federal Trade Commission to look into MSN.com and Hulu.com's installation of cookies onto users' computers that cannot be deleted.

U.S. exchanges want tighter circuit breakers

The U.S. securities regulator is considering a plan that would improve a 23-year-old circuit breaker that did not trip during last year's flash crash to make it more sensitive to extreme market moves.

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