IBT Staff Reporter

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Qihoo 360 shares more than double in NYSE debut

The shares of Qihoo 360 Technology Co Ltd, China's third most-popular Internet company, soared in their debut on the New York Stock Exchange on Wednesday in an echo of the Chinese technology IPO euphoria of late 2010.

Top banker and regulator offer dueling agendas

Jamie Dimon and Elizabeth Warren, both power players in U.S. finance, used a high-profile U.S. Chamber of Commerce platform on Wednesday to advance opposing agendas in the debate over regulation reform.

NY AG to review AT&T purchase of T-Mobile

AT&T Inc's $39 billion (24 billion pounds) bid to buy Deutsche Telekom AG's T-Mobile USA came under scrutiny from New York's attorney general, who said he was looking into whether it was anti-competitive.

Rajaratnam made frantic calls on Goldman tip-trial

Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs Group Inc at the height of the financial crisis, prosecutors said at the Galleon founder's insider trading trial.

Oil slips on inventory rise, supply threats support

Oil prices eased on Wednesday in choppy, thin trading, pressured by record high stockpiles at the Cushing delivery point for U.S. crude even as Libya and Middle East uncertainty supported oil, which remained on track to end the first-quarter up more than 10 percent.

Hoenig urges Fed to shrink holdings, raise rates

An inveterate Federal Reserve advocate of tighter financial conditions on Wednesday renewed his call for higher benchmark interest rates and shrinking the Fed's balance sheet to pre-financial crisis levels.

How Long Will NATO Enforce No-Fly Zone? Boehner Asks

House Speaker John Boehner on Tuesday said President Barack Obama had not been able to answer a question about how long NATO would enforce a no fly zone over Libya if Col. Muammar Gaddafi did not leave the country.

Wall Street climbs on job expectations

U.S. stocks rose on Wednesday, as a private employment report did little to shake up expectations for Friday's payrolls data while investors positioned themselves for the quarter's end.

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