IBT Staff Reporter

Research In Motion reported a sharp drop in quarterly profit on Thursday, hurt by an aging lineup of BlackBerry smartphones that was only refreshed very late in the quarter and tepid sales of its PlayBook tablet computer.

A proposed update of the U.S. online privacy rule for children would revise definitions of personal information and beef up parental consent mechanisms to reflect technological changes.

South Korea was the world's most advanced Internet and telecommunications economy in 2010, with high levels of access, usage and skills, while high-speed Web access remained unaffordable in many low-income countries, the United Nations said on Thursday.

Netflix Inc cut its third-quarter forecast by 1 million U.S. subscribers, sending its shares down nearly 19 percent, as the company known for rapid growth expects more fallout from a price increase on its DVD service.

The websites of several Mexican government ministries, including Defense and Public Security, went offline on Thursday, and a hacker group claimed responsibility.

THE ISSUE: Netflix Inc, one of the most closely-watched momentum stocks, dropped nearly 20 percent on Thursday. Is it time to buy 'bargain' shares in the fast-expanding web video service?

BlackBerry said on Thursday it would work with mobile operators to switch off its popular messenger service if they were ordered by authorities to do so during civil unrest, after police singled out the system as a key tool used in last month's riots.

Research In Motion reported a sharp drop in quarterly profit on Thursday, hurt by an aging lineup of BlackBerry smartphones that was only refreshed very late in the quarter and tepid sales of its PlayBook tablet computer.

Investors pushed stocks higher for a fourth day on Thursday as coordinated central bank action encouraged optimism about dealing with the euro zone debt crisis and its threat to the global recovery.

Stocks rose for a fourth day on Thursday as coordinated central bank action calmed fears that Europe's financial sector was headed for a credit freeze due to the region's sovereign debt crisis.

To see why Bank of America Corp can cut 30,000 jobs from its consumer banking business, just stop by one of the 14,000 new automatic teller machines it has installed over the last three years.

Sarah Palin's husband, Todd Palin, told reporters Thursday that Joe McGinniss's book, The Rogue: Searching for the Real Sarah Palin, is full of disgusting lies, innuendos and smears.

EBay Inc unveiled new PayPal technology to more than a hundred big retailers this week as the e-commerce company tries to take its big online payments business into the physical world.

A proposed update of the U.S. online privacy rule for children would revise definitions of personal information and beef up parental consent mechanisms to reflect technological changes.

Google Inc's Japanese unit will launch an online search service on Friday that will display the prices and availability of products at stores near the shopper's location, the Nikkei business daily reported.

Research In Motion reported a sharp drop in quarterly profit on Thursday, hurt by an aging lineup of BlackBerry smartphones that was only refreshed very late in the quarter and tepid sales of its PlayBook tablet computer, and its shares fell sharply.

Two stores in Queens, New York, accused of peddling unauthorized Apple Inc accessories have agreed to hand over all products in their inventories bearing the word Apple or any of the company's ubiquitous trademarks.

A U.S. judge will allow the bulk of Oracle Corp's copyright infringement claims against Google Inc over the Java programing language, according to a court ruling on Thursday.

The royal wedding of Britain's Prince William and Kate Middleton this spring was one for the history books -- and the record books, too.

European Central Bank Executive Board member Juergen Stark stuck to his position that personal reasons were behind his decision to resign from the central bank, but declined on Thursday to give details about the decision.

Florida has the worst reptile problem in the world. From 1863 through 2010, 137 non-native amphibian and reptile species were introduced to the state.

The U.S. Postal Service has named 252 more mail processing facilities that may close because of budget cuts, less than two months after it released an initial list of nearly 3,700 at-risk post offices. Megan Brennan, the agency's chief operating officer, told ABC News that the closures would eliminate 35,000 jobs.

With UBS losing approximately $2 billion from unauthorized trades by a "rogue" trader, the road for recovery for the Swiss bank could be long.

If you want to manage all of your money and all of your monthly payments in one convenient online place, you're pretty much out of luck.

Thursday's move by major central banks to prevent a worsening of the European sovereign debt crisis unleashed a flurry of protective put selling across a broad spectrum of U.S. exchange-traded funds.

NBC premiered two new sitcoms last night : one showed potential, the other did not.

Google Inc and authors and publishers groups have about nine more months to untangle their six-year-old legal dispute over plans to create the world's largest digital library, a federal judge said on Thursday.

University of California tuition may increase by up to 16 percent each year for the next four years if the system doesn't get more state funding, according to a long-term budget plan released Wednesday.

United Parcel Service Inc Chief Executive Scott Davis said the world's largest package delivery company is on track for record results this year in the face of the economy's bumpy ride and expectations for sluggish economic growth.