IBT Staff Reporter

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Stopping next financial crisis a global effort: CFTC

Preventing another financial crisis similar to the one that shook the markets in 2008 requires a global effort and can not be done by one nation alone, the head of the U.S. Commodity Futures Trading Commission said on Tuesday.

Dollar General forecasts higher sales, profit

Dollar General Corp posted a higher quarterly profit as more shoppers visited the discount chain for gifts and food during the holiday season and said it expected sales and earnings to rise again this fiscal year.

Oil Prices Cloud Economic Outlook: Fannie Mae

An unexpected jump in oil prices and the potential for further tightening of fiscal policy suggest less economic momentum than previously believed, according to the March 2011 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.

HP assessing Japan earthquake impact

Hewlett-Packard Co said on Tuesday it is assessing the impact to its business of the earthquake and tsunami that struck Japan earlier this month and that its office in Sendai, near the quake's epicenter, remains closed.

U.S. Warplane Crashes in Libya [PHOTOS]

A U.S. Air Force Strike Eagle F-15E jet crashed near the eastern city of Benghazi in Libya late Monday as part of a mission to protect civilians from forces led by Col. Muammar Gaddafi, United States Africa Command said on Tuesday.

Japan parts paralysis spreads as firms cut output

Sony Corp <6758.T> cut output at five more plants and Toyota Motor <7203.T> delayed restarting assembly lines, as the global supply of parts and products began to feel the full impact of Japan's catastrophic earthquake.

PIMCO raises $1.5 billion to target bank assets: report

Pacific Investment Management Co , the manager of world's largest bond fund, has raised more than $1.5 billion for a new fund to buy assets from banks looking to strengthen their balance sheets, Bloomberg said, citing two people with knowledge of the fundraising.

Brent dips under $115, absorbs Libya impact

Oil prices slipped on Tuesday, with Brent crude falling below $115, as investors betting oil prices would rise with western involvement in Libya's civil war took profits in anticipation of a slowdown in air strikes.

U.S. firms frustrated by Chinese red tape

U.S. firms are increasingly vexed over growing Chinese red tape that prevents them from expanding quickly in China's vast market, a survey by the American Chamber of Commerce showed on Tuesday.

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