IBT Staff Reporter

LinkedIn booked a surprise profit after quarterly revenue more than doubled, as the professional networking site sets off to prove it can fulfill the promise of its splashy IPO and rich valuation.

Investors fled Wall Street in the worst stock-market selloff since the depths of the Great Recession in early 2009 in what has turned into a full-fledged correction.

Google and Microsoft are trading jabs over the patent issue.

Kate Middleton makes her way onto Vanity Fair?s 72nd Annual International 'Best-Dressed' List this year, making the fashion cut for the second time in 3 years. Middleton's inaugural appearance came in 2008, and a whirlwind of fashion successes followed.

Reminding the nation of a nightmare not so long ago, a gunman was reportedly spotted near Virginia Tech University, the very stage of the worst campus shooting of U.S. history.The man was reported near Dietrick Hall, a dining facility steps away from the dorm where the first shooting took place in the 2007 shooting spree , which left 33 dead.

Another alarming outbreak of drug-resistant salmonella, that has killed one person in California and sickened at least 76 others in 26 states since March, has lead meat giant Cargill Inc. to recall 36 million pounds of ground turkey. It is one of the largest meat recalls ever, according to the Agriculture Department.

Kelly Osbourne appeared on "The Tonight Show with Jay Leno" Wednesday with words for Kate Middleton regarding the praise the Duchess of Cambridge is receiving for recycling her clothes.

Mysterious dark lines discovered on Mars by a search algorithm shows indications of flowing water on the surface today. NASA officials also raised the possibility of how life such as micro-organisms could possibly survive in such an environment.

Virginia Tech police lifted a campus lockdown five hours after three children reported a man with a gun at 9:09 a.m. Thursday. "There will continue to be a large police presence on campus today. Police have not received nor discovered additional information about a person possibly carrying a weapon beyond that reported this morning," the university said on its web site.

An unnamed Swedish man from the town of Angelholm was detained for attempting to build a nucleaer reactor in his kitchen. He was in possession of radioactive materials and had dismantled smoke detectors wherein contains some nuclear material. He also ordered a Geiger counter from the United States.

Sony announced Thursday that it will not release the new PlayStation Vita in both the United States and Europe until next year. This means the new gaming system will not reach store shelves for the ever approaching holiday shopping season.

New York City has announced its plan to spend $127 million in public and private funds on the launch of a major policy initiative to help the minority youth in the city.Mayor Michael Bloomberg and hedge fund manager George Soros will each donate $30 million according to the mayor's office.

Wall Street was on track to post its worst one-day decline in over a year on Thursday as worries about the U.S. economy and the debt crisis in Europe kept investors nervous.

Men who have sex with men remain the group most heavily affected by new HIV infections, according to a CDC officials. The agency estimates that these cases represent only 2 percent of the U.S. population, and accounted for 61 percent of all new HIV infections in 2009. Young males were most severely affected, representing 27 percent of new infections in 2009.

Levi Aron, the Orthodox Jewish man accused of killing an 8-year-old boy on his way home from camp, is competent to stand trial, said a court evaluation released Thursday. Aron will participate in his own defense and understands that he is being charged with the dismemberment of Leiby Kletzky, defense lawyers said.

Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecoms network unit in April, a spokesman said on Thursday.

A recent survey from TeleNav takes a look at the dedication of smartphone users, the iPhone in particular.

Disney studios will go ahead with an updated live action Snow White film. This, according to The Hollywood Reporter, will be a warrior-focused version of the tale under the title The Order of the Seven.

Smartphones may have good looks and a lot of whiz-bang features, but this week they just have a bad reputation.

Levi Aron, the man accused of killing and dismembering a Brooklyn boy Leiby Kletzky on July 11, has been found competent for trial and entered a not guilty plea at his arraignment Thursday morning.

Hedge fund titan John Paulson's flagship funds performed poorly in July and sank further into the red for the year.

Two Republican senators urged U.S. officials to consider the benefits of AT&T Inc's $39 billion bid to acquire Deutsche Telekom AG's T-Mobile USA.

A 17-year-old teenage boy is lucky to be alive after being buried on a California beach after a sand tunnel caved in. Matt Mina and his friends were digging a tunnel five to seven feet below the beach's surface when the incident occured. He screamed for help, but wasn't sure anyone could hear him.

Banks will struggle to recoup the fat returns they grew used to by trading anything from complex bond derivatives to gold and currencies, as a clampdown on their riskiest activities bites.

Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated.

Stocks resumed their downward march on Thursday after a one-day reprieve with all three major indexes down more than 1 percent as a labor market report added to recent evidence the economy has lost momentum.

Investors fled stocks on Thursday, putting the S&P 500 into correction territory, on escalating worries about the U.S. economy and Europe.

NEW YORK, Aug 4 - Since spinning off from Man Group plc in 2007, MF Global has had a tough time of it. But after reporting its first profitable quarter in a year and pricing a difficult bond offering, the broker-dealer looks on its way to better days, thanks in part to one key appointment last year.

A recap of the feud that has developed between Google and Microsoft/Apple over patents.