IBT Staff Reporter

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Defiant Gaddafi sits on a pot of gold worth $6 to $7 billion

In spite of the crippling sanctions and an arms embargo approved by the international community, Libyan leader Muammar Gaddafi continued to show resistance and the possible reason for such confidence could 144 tons of gold that he still controls.

TSA Union Calls for Immediate Radiation Monitoring at Agency

The American Federation of Government Employees, the union for Transportation Security Officers nationwide, on Wednesday called on TSA to immediately begin a nationwide radiation monitoring program and provide TSOs with dosimeters to measure radiation output at the checkpoints.

U.S. Equity Strategy: Intermediate-term low is near

RBC Capital Markets said the ultimate low in the U.S. equity markets might not have been reached, but a bottoming process has probably started. The brokerage said most of the technical indicators suggest that an intermediate-term low is near. Readings from sentiment, positioning and internal momentum indicators reveal much more damage under the hood than at the index level.

Stock futures rebound but euro zone concerns could weigh

U.S. stock index futures were little changed on Wednesday, after modest losses in the previous session, as worry continued over debt issues in the euro zone, Japan's nuclear crisis and violence in the Middle East and North Africa.

Insight Comm explores sale, again: sources

Insight Communications Co, controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.S. cable operator at up to $4 billion, people close to the deal told Reuters.

Japan quake costliest ever

Japan estimated the cost of the damage from its devastating earthquake and tsunami could top $300 billion as authorities in Tokyo warned that babies should not be given tap water because of radiation from a crippled nuclear plant.

Japan quake becomes world's costliest natural disaster

The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at as much as $310 billion, making it the world's costliest natural disaster.

Oil firms on MidEast, North African unrest

Oil steadied on Wednesday due to concerns that unrest in Yemen may spill over into neighboring countries in the oil rich Middle East Gulf region, while an expected increase in U.S. crude inventories capped gains prices.

Portugal government may collapse before EU summit

Portugal's parliament is expected to reject government austerity measures on Wednesday, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit.

Supply chain disruptions force more delays in Japan

Supply chain disruptions in Japan have forced at least one global automaker to delay the launch of two new models and are forcing other industries to shutter plants and rethink their logistical infrastructure.

Buffett sees global growth over next year

Billionaire Warren Buffett, who is looking to invest in large countries such as China, India and Brazil, said on Wednesday he expected global output to rise significantly over the next year.

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