IBT Staff Reporter

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Pat Robertson Haiti comments stir controversy

Rev. Pat Robertson's comments on the Christian Broadcasting Network's 700 Club Wednesday have stirred controversy after he suggested the 7.0 magnitude earthquake that hit Haiti two days ago, is a curse from God.

Red Cross website helps Haitians trace loved ones

Thousands of Haitians at home and abroad are trying to get in touch with each other through a website set up after the devastating earthquake, the International Committee of the Red Cross said on Thursday.

Half a million bathe in India's Ganges

Hundreds of thousands of Hindus bathed in waters considered sacred across large parts of India to mark the start of a religious festival on Thursday, with at least seven people killed in a stampede in the country's east.

Manhattan apartment rents and vacancies off in '09

Vacancy rates for apartments in New York City's borough of Manhattan, the largest U.S. apartment market, declined in 2009, as lower rents and better landlord incentives attracted tenants, according to a quarterly brokerage report.

Up to 200 U.N. staff missing after Haiti quake

Up to 200 international United Nations staff in Haiti, including peacekeepers, remain unaccounted for after its headquarters and other buildings collapsed in a devastating earthquake, a spokeswoman said on Thursday.

Pakistan Taliban chief said targeted by U.S. drone

A U.S. drone fired two missiles on Thursday at a compound in northwest Pakistan where Pakistani Taliban chief Hakimullah Mehsud was believed to have been, but his fate was not known, Pakistani officials said.

U.S. tells Abbas pushing hard for Mideast talks

A senior U.S. envoy told the Palestinian president on Thursday that Washington is working hard to find a way to broker a resumption of peace talks with Israel, a senior Palestinian official said.

Retail sales unexpectedly fall, jobless claims up

U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.

Jobless claims up last week but trend improving

The number of U.S. workers filing new applications for unemployment insurance climbed more than expected last week but a measure of underlying trends moved steadily lower in a sign that labor markets are slowly improving.

Obama proposes bank bailout fee, criticizes bonuses

President Barack Obama proposed a Financial Crisis Responsibility Fee on Thursday to make big banks and other financial institutions repay taxpayer funds that helped bail them out during the financial crisis.

Sovereign defaults top 2010 risk hitlist for WEF

The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.

Lotte Group says may buy GS Retail units

Lotte Group, which operates South Korea's second-largest retailer Lotte Shopping, said it was considering buying GS Retail's department store and discount store operations.

Obama to announce $120 billion fee on big bank transactions

President Barack Obama is set to announce this morning a 'financial crisis responsibility fee' that may generate $90 to $120 billion dollars for tax payers over the next 10 years, the White House said late Wednesday, according to media reports.

A123 to sell Fisker batteries, takes stake

Lithium-ion battery supplier A123 Systems said on Thursday that it had signed a deal to supply power packs for the Fisker Karma, a rechargeable luxury car being launched later this year.

FDIC's Bair: Regulators failed in financial crisis

Financial regulators, lulled into inaction by soaring bank and Wall Street profits, failed to protect Americans from the 2008 financial crisis, a senior U.S. official told an investigative panel on Thursday.

Democrats see progress in White House healthcare talks

In their first face-to-face talks on merging health bills in the Senate and House of Representatives, Democratic leaders worked through differences on how to pay for the overhaul, how to structure new insurance exchanges and a host of other issues.

Study in mice shows why antidepressants often fail

Most antidepressants -- including the commonly used Prozac and Zoloft -- work by increasing the amount of serotonin, a message-carrying brain chemical made deep in the middle of the brain by cells known as raphe neurons.

VCs eschew physical stores, focus on retail tech

Venture capitalists were never very interested in the retail sector, but they are now taking a second look, focusing on a new generation of online retailers and the next wave of technology to help stores optimize how they run their businesses.

Tens of thousands feared dead in Haiti quake

Traumatized Haitians slept out in parks and streets on Thursday, fearing aftershocks to the catastrophic earthquake that flattened homes and government buildings and buried countless people.

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