IBT Staff Reporter

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Foreign firms launch Japan evacuation plans

Foreign firms set up evacuation plans in Tokyo and parts of northern Japan on Tuesday in a bid to distance staff from a quake-crippled nuclear plant while keeping their businesses running.

Senators urge pressure on China over rare earths

Four senators on Tuesday urged President Barack Obama's administration to step up its fight against China's hoarding of critical rare earth elements by blocking funding for Chinese mining projects.

Rare earth price could fall after Japan quake: exec

The aftermath of Japan's disastrous earthquake and tsunami could temporarily ease the rise in rare earth prices, but overall demand is likely to continue to outstrip supply for the next few years, an industry executive said.

Steady Fed sees firmer economy, watchful on oil

The Federal Reserve said on Tuesday the U.S. recovery is gaining traction and inflation pressure from soaring energy costs should be short-lived, allowing it to maintain its heavy support for the economy.

Geithner seeks swift foreclosure pact with banks

A comprehensive settlement between U.S. authorities and banks over alleged mortgage servicing abuses needs to be reached quickly to help the housing market heal, Treasury Secretary Timothy Geithner said on Tuesday.

Con artists taking advantage of Facebook buzz

The wild popularity of Facebook and other social media sites has spawned a cottage industry of con artists promising average investors a chance to cash in on the frenzy through shares in the companies ahead of their initial public offerings.

New York manufacturing and employment rise

Manufacturing in New York state rose to a nine-month high in March, but a sharp slowing in new orders suggested that economic growth could be less robust in future months.

Gottfried, ex-Aflac voice, apologizes for tweets

NEW YORK - Comedian Gilbert Gottfried apologized on Tuesday for a series of jokes made on Twitter about the Japanese earthquake and tsunami, comments which got him fired as the voice of insurer Aflac.

EBay expands free listings to boost marketplace unit

EBay Inc said it would allow sellers on its auction site to offer as many as 50 items per month without charging them a listing fee starting next month as it seeks to draw more business to its mature marketplaces unit.

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