IBT Staff Reporter

U.S. Representative Edward Markey on Friday asked the Federal Trade Commission to investigate whether software maker Carrier IQ violated millions of mobile phone users' privacy rights.

The finances of three major U.S. airports could weaken from the bankruptcy filings of American Airlines and its parent company, Fitch Ratings said on Friday as it revised rating outlooks lower on some of their debt from negative to stable.

French video games maker Ubisoft said it was well-positioned for the Christmas season after Thanksgiving sales proved better than last year, helped by a dance game featuring pop group the Black Eyed Peas.

Apple Inc is facing its first major controversy over well-received voice software Siri, as the cutting-edge iPhone search service ran afoul of abortion rights advocates.

A U.S. House of Representatives committee voted to subpoena Jon Corzine to testify before Congress about the collapse of MF Global Holdings Ltd., after the former CEO refused an earlier invitation.

The unemployment rate tumbled to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant acceleration in the labor market recovery.

Google Inc on Friday won approval from U.S. antitrust regulators to buy online advertising company Admeld Inc without any conditions, the Justice Department said.

Britain's consumer watchdog, the Office of Fair Trading, said it is investigating Groupon UK after receiving complaints about how the daily-deal company was conducting its business.

The Euro 2012 draw took place Germany, Netherlands and Portugal all tied together in the so-called 'Group of Death' while reigning champions Spain faces a Italy in Group C.

French bank Societe Generale is to cut 700 jobs at its American and Asian operations as it pulls back on U.S. dollar lending to cut debt and strengthen its balance sheet, two trade-union sources said on Friday.

Hard disk drive maker Western Digital Corp, the worst hit by the Thai floods, could recover the market share it has lost to smaller rival Seagate Technology faster-than-anticipated, analysts said.

Twitter gives an instant snapshot of the buzz around television shows, computer game launches and even new ads, but many media executives are simply too busy to tweet or engage with the microblogging service very much themselves.

Canada's economy unexpectedly lost jobs for a second straight month in November, raising concern that weakness in other countries may do lasting harm to an economy that has so far been surprisingly robust.

Verizon Wireless plans to acquire wireless spectrum from SpectrumCo LLC, a joint venture between Comcast, Time Warner Cable and Bright House, for $3.6 billion.

Stocks rose on Friday, on course for their best week in almost three years, after the U.S. unemployment rate dropped to a 2-1/2 year low, but resistance close to a key technical level limited gains as traders booked profits before the weekend.

A U.S. House committee on Friday voted to subpoena former MF Global chief Jon Corzine to testify before Congress.

Stocks rose on Friday, on course for their best week in almost three years, after the U.S. unemployment rate dropped to a 2-1/2 year low, but resistance close to a key technical level limited gains as traders booked profits before the weekend.

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Verizon Wireless plans to pay $3.6 billion for wireless airwaves from a venture of cable companies Comcast Corp, Time Warner Cable Inc and privately held Bright House Networks.

Research in Motion capped an already dismal year with a steep profit warning on Friday, taking a huge charge to write down inventories on its languishing PlayBook tablet and sending its shares tumbling more than 8 percent.

- Zynga Inc, which plans to go public in two weeks, on Friday slashed its value by more than 30 percent to $9 billion, hoping to avoid the fate of other recent Internet IPOs that have disappointed after stock market debuts.

Fiat SpA's five car factories in Italy are all in the red and its profits now driven squarely by U.S. affiliate Chrysler, meaning a further scaling back of its 100-year-old Italian operations -- if not a complete pullout -- now looks increasingly likely.

Fiat SpA's five car factories in Italy are all in the red and its profits now driven squarely by U.S. affiliate Chrysler, meaning a further scaling back of its 100-year-old Italian operations -- if not a complete pullout -- now looks increasingly likely.

Employment growth picked up speed in November and the jobless rate dropped to a 2-1/2 year low of 8.6 percent, further evidence the economic recovery was gaining momentum.

Stocks rose on Friday after data showed the U.S. jobless rate dropped to a 2-1/2 year low and as European policymakers again appeared ready to collaborate in tackling the region's debt crisis.

In the latest in a drumbeat of dismal news, Research in Motion warned on Friday it would fall short of its financial targets after taking a huge charge to write down inventories on its languishing PlayBook tablet, and its shares tumbled more than 8 percent.

Book publishers have survived the first stage of a digital revolution in better shape than the music industry and are now embracing the shift to e-books in their search for new revenue streams and lower costs.

David Kotz, the top watchdog of the Securities and Exchange Commission, is facing mounting criticism over some of the investigative techniques that have won him plaudits on Capitol Hill.

Federal deficits are complicating efforts by the Federal Reserve to help the economy, but using the central bank as a printing press to solve the problem is not an option, a top Fed official said on Friday.