IBT Staff Reporter

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Latin America pressed on rising inflation

The International Monetary Fund warned Latin America on Saturday that economies across the region are overheating, and Canada urged policymakers not to underestimate the risks from rising inflation.

Commodity boom weighs on policy in Americas

Canada says the current commodities boom could last decades and warned developing countries against being too timid with interest rate hikes, while the International Monetary Fund said that much of the Latin American economy is overheating.

Ford to idle Belgian plant to conserve parts

Ford Motor Co will idle its auto plant in Genk, Belgium, for five days starting April 4, to conserve parts following the earthquake and nuclear crisis in Japan that has disrupted supplies for numerous automakers.

Japan now fights radioactive water

Even as the workers at the crippled Fukushima Daiichi nuclear power plant scrambled to remove radioactive water, earthquake-torn Japan now fights apparent nuclear leak into the ocean causing a sharp spike in levels of radioactive iodine.

Kodak wins round in Apple-RIM dispute

A U.S. trade panel has agreed to review Eastman Kodak Co's claim that Research in Motion Ltd and Apple Inc are infringing on its patents in a case that could mean hundreds of millions of dollars in royalties.

Judge allows suits against BofA to proceed

A U.S. federal court judge has allowed Deutsche Bank AG and the mortgage unit of France's BNP Paribas SA to proceed with their lawsuits against Bank of America related to losses they incurred in connection with the collapse of mortgage lender Taylor Bean & Whittaker Mortgage Corp.

Kodak wins skirmish against RIM and Apple

A U.S. trade panel has agreed to review Eastman Kodak Co's claim that Research in Motion Ltd and Apple Inc are infringing on its patents in a case that could mean hundreds of millions of dollars in royalties.

Pension funds to lead suit vs. Goldman over Abacus

A Manhattan federal judge on Friday named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group Inc to recover losses tied to the Wall Street's bank's alleged misleading statements about Abacus, a product linked to subprime mortgages.

Goldman, others: didn't seek Tokyo exchange halt

Goldman Sachs and others said they did not urge the Tokyo Stock Exchange to halt trading because of Japan's earthquake and subsequent nuclear crisis, despite a comment from the bourse's chief that some foreign banks had pressed for a halt.

Apple wins skirmish in Nokia patent war

Apple Inc won a round in its patent fight with Nokia on Friday as a U.S. trade panel judge ruled that the U.S. company did not violate any of five Nokia patents.

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