IBT Staff Reporter

BSkyB will spend 1 billion pounds ($1.6 billion) to placate investors who lost out after News Corp bowed to public fury over a hacking scandal and dropped a bid to take full control of the satellite broadcaster.

Video technology start-up Vidyo unveiled on Friday a deal to supply its software to Ricoh's <7752.T> new small videoconferencing offering, which it expects to significantly disrupt the $3 billion equipment market.

European aerospace and defense group EADS forecast a significant improvement in operating profit next year after stable earnings this year as a pickup in demand leads to a surge in orders for Airbus planes.

Arsenal fans will be cautiously optimistic about their fortunes for next season, if they are the sort of people who believe daily rumours.

Rating agency Moody's Friday placed Spain on review for a possible downgrade, citing weak growth and funding pressures, hitting the euro on concerns a Greek rescue package has not laid contagion fears to rest.

Apple and Samsung Electronics ended struggling Nokia's 15-year reign at the top of the smartphone sales rankings in the second quarter, researchers said on Friday.

The federal grand jury indicted esteemed Presidential historian, Barry Landau and his assistant, Jason Savedoff for stealing and selling historical documents which includes documents signed by Abraham Lincoln, speeches by Franklin D. Roosevelt and a letter from Benjamin Franklin.

Four adult relatives of an Arizona girl found suffocated in a storage bin have been arrested after investigators determined she was locked in the container as punishment for taking a popsicle without permission.

SHANGHAI (Reuters Life!) - Hemlines are a little longer at this year's annual online gaming fair in Shanghai, as companies take to heart a government directive against vulgarity, a Chinese newspaper reported on Friday.

All cool images of NASA at your fingertips

Moody's Investors Service on Friday put the Spanish government's bond ratings on review for a possible downgrade, citing funding pressures and a precedent set by the euro zone's debt package for Greece.

European aerospace and defense group EADS posted forecast-beating second-quarter profits and sales on Friday, amid strong demand for its Airbus aircraft, and confirmed its 2011 earnings forecast. Earnings before interest and tax rose 15 percent to 371 million euros in the three months to June 30, EADS said in a statement. Sales rose 6 percent to 12.1 billion. Net cash stood at 11 billion euros.

Samsung Electronics Co is relying on the booming smartphone market and its mainstay chips business to help it cope with its underperforming LCD display and TV units.

Japan escalated on Friday its warning to markets against testing the yen's upside further, with the finance ministry signaling that Tokyo may not wait for too long with action if the currency keeps climbing.

Microsoft Corp warned on Thursday that a government review of its U.S. tax obligations in past years could significantly affect its financial statements if not resolved in its favor.

Samsung Electronics Co, the world's top memory chipmaker, reported a 25 percent fall in quarterly profit as its flat screen business posted a second consecutive quarterly loss, overshadowing strong profit growth from handset sales.

Shares of Nintendo Co Ltd fell over 20 percent in early trade on Friday, a day after the videogame maker slashed its full-year profit forecast far below market expectations after reporting its first-ever quarterly operating loss.

Samsung Electronics Co, the world's top memory chip maker, reported a 25 percent drop in quarterly profit, hit by losses in its flat screen business, overshadowing strong profit growth from mobile phone sales.

House Speaker John Boehner has postponed a vote on a debt ceiling increase late Thursday.

Google+'s blistering pace of growth has resulted in 20 million users and already has garnered enough traffic to earn a rank as the 42nd most visited social network website. The success has prompted rival Facebook to respond and they did just that with the quiet release of 'Facebook for Business.'

America Idol winner Lee Wyze is engaged to actress Jonna Walsh. He proposed to his girl on July 16 on a private yacht over champagne during a fireworks show at Disney World.

A Texas mother who abandoned her five-day-old son was arrested at a strip club where she was seeking a job.

Motorola Mobility warned that its third-quarter profit would miss expectations due to a long delay of a key smartphone launch and a tablet computer price cut, sending its shares down 4 percent.

Soul diva Amy Winehouse passed away at the tender age of 27, leaving behind a treasure trove of previously unreleased tracks.

Former New York Yankee pitcher Hideki Irabu was found dead on Wednesday. His body was reportedly found by his friend. He was 42 years old.

British and Swiss scientists have identified an antibody from a human patient that neutralizes main groups of influenza A viruses, dubbed the "super antibody" F16.

Texas police arrested a Muslim American Army private near Fort Hood, who admitted that he wanted to attack fellow soldiers at the military base Killeen, Texas police said.

Tropical Storm Don has triggered a storm warning along the Texas coast on Thursday evening, with the storm expected to hit within 36 hours.

Motorola Mobility warned that its third-quarter profit would miss expectations due to the second delay of a smartphone launch and price cuts of its tablet computers, sending its shares down 4 percent.