IBT Staff Reporter

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Euro zone leaders agree to strengthen bailout fund

European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on loans extended to Greece, a move to get on top of the year-long debt crisis.

Lawson Software receives $1.8 billion offer

Lawson Software said late on Friday it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 per share in cash.

Toyota, other carmakers close quake-hit plants

Toyota Motor Co <7203.T> said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overseas markets, after a massive earthquake hit Japan the previous day.

Fannie ex-CEO may face claims in SEC probe: report

Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from U.S. regulators that he may face claims for allegedly misleading investors about the mortgage company's exposure to subprime loans, Bloomberg said.

Big crowds greet Apple's iPad 2

Thousands of people thronged Apple stores on both U.S. coasts as the iPad 2 went on sale on Friday, signaling a strong appetite for a device that dominates the fledgling market it created.

Euro zone leaders strike deal on debt crisis - sources

Euro zone leaders reached a deal in principle on Saturday on making the 440 billion euro ($611 billion) bailout fund more flexible, and also agreed other elements of a comprehensive package to resolve the debt crisis, two EU sources said.

Spring Shoes 2011

When do you think Spring is coming? Maybe it's the time when you start to see vivid colors on the streets. But the color of Spring has already touched the shoes of 2011 as many designers participating in Paris and New York Spring/Summer 2011 Collection showed off Kill Heel and Wedges.

Japan death toll: Over 100,000 died in Tokyo bombing

Exactly 66 years ago, the U.S. Airforce conducted the largest single firebombing in history over Tokyo which killed at least 100,000 residents and injured up to one million people. Burning large parts of the city with incendiary bombs was thus more effective in killing civilians than either the Hiroshima or Nagasaki atomic bombs.

Oil falls on Japan quake

Oil prices fell on Friday after a massive earthquake shook Japan, shutting refineries and other industrial facilities in the world's third-largest oil consumer and triggering a broader sell-off in commodities.

Euro zone agrees on competitiveness pact

Euro zone leaders agreed in principle on Friday to write limits on public debt and budget deficits into national law, meeting a German condition for a stronger euro zone financial safety net.

Lines of iPad 2 fans growing at Apple stores

Hundreds of people thronged Apple stores on both U.S. coasts hours before the iPad 2 goes on sale Friday, signaling strong appetite for a device that dominates the fledgling market it created.

Massive Tsunami in Japan Sweeps Away Cars, Planes and Homes (Photos)

A massive 8.9 earthquake struck Japan on Friday triggering a reportedly 33-feet high (10 meters) tsunami that swept away cars, planes, homes and even some smaller buildings along the country's northeastern coast.A tsunami warning was issued for the entire Pacific basin, except initially, for the U.S. and Canada.

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