IBT Staff Reporter

Asian stocks slid more than 1 percent in thin volume on Thursday as investors trimmed positions with just three trading days to go before a deadline to lift the U.S. debt ceiling, while the Australian dollar showed resilience in the face of global sovereign risks.

Jul 28, 2011

South Korea's Hyundai Motor <005380.KS> posted a 37 percent rise in quarterly net profit, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake.

Jul 28, 2011

Sony Corp stuck with its full-year profit forecast after slashing its outlook for TV sales, confident that other units will perform better than earlier anticipated to offset additional losses in the unit.

Jul 28, 2011

South Korea's Hyundai Motor outperformed its rivals as it reported a consensus-beating 37 percent rise in quarterly profit on Thursday, fueled by strong U.S. sales of popular new models.

Jul 28, 2011

Research In Motion wants software developers to use its popular instant messaging tool within their applications to enable friends to play games, share and discuss news, and decide where they will eat dinner.

Jul 28, 2011

China will press ahead with diversification of its $3.2 trillion in foreign exchange reserves, and does not pursue large-scale currency holdings, the State Administration of Foreign Exchange said on Thursday.

Jul 28, 2011

Swiss bank Credit Suisse said it would cut about 2,000 jobs as it reported second-quarter net profit that missed expectations, dented by weak trading activity and the strong Swiss franc.

Jul 28, 2011

Hyundai Motor posted a 37 percent gain in quarterly net profit on Thursday, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake.

Jul 28, 2011

Long time host of the popular U.S. show "Jeopardy" injured his leg on Wednesday while chasing a burglar at a San Francisco Hotel he was staying at.

Jul 28, 2011

Ford Motor Co said on Thursday said it plans to invest $1 billion to build a factory in western India, doubling its investment in the country as the U.S. carmaker seeks to gain a greater share in the second-fastest growing auto market in the world.

Jul 28, 2011

Andrew Auernheimer, accused of hacking into AT&T Inc servers and stealing the personal data of 120,000 Apple Inc iPad users, is in talks to plead guilty after his co-defendant did the same last month.

Jul 28, 2011

Google Inc said the Department of Justice has asked for more information regarding its acquisition of online advertising company AdMeld.

Jul 28, 2011

HSBC Plc is close to announcing that it will cut thousands of jobs as it embarks on a cost-cutting drive, Sky News reported, citing people close to Europe's biggest bank.

Jul 28, 2011

Japan's biggest consumer electronics makers are expected to show quarterly earnings slumped due to the March earthquake, but investors will focus on whether these companies can meet their forecasts for a swift recovery, given a fragile global economy.

Jul 28, 2011

With America edging ever closer to a default, and a downgrade in the US credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.

Jul 28, 2011

The Seahawks came to terms with former Minnesota Vikings wide receiver Sidney Rice, agreeing on a five-year, $41 million contract that includes $18 million in guaranteed money. Before the contract is signed, Rice has to pass his physical test with Seattle.

Jul 27, 2011

A 36-year-old Los Angeles woman was arrested for allegedly grabbing a baby from its stroller and slamming him against the metal railing of a truck reports the Los Angeles Times.

Jul 27, 2011

The remains of a 7-year-old girl, who was murdered 54 years ago, were exhumed on Wednesday in the hope that modern science and DNA will help scientists examine her remains and solve the case.

Jul 27, 2011

A New York City hospital has stopped asking many patients to dig out health insurance cards and fill in endless forms, instead identifying them by scanning the unique lattice of veins in their palm.

Jul 27, 2011

Video game publisher THQ Inc slashed its annual earnings forecast as the company behind games such as WWE SmackDown vs Raw and Saints Row said it was facing a tough quarter ahead for sales and said its costs would rise as it spends more on marketing, sending its shares down more than 15 percent late Wednesday.

Jul 27, 2011

Astronomers studying data from an orbiting NASA observatory discovered the first known Trojan of the Earth.

Jul 27, 2011

A black hole is a region in space where the pulling force of gravity is so strong that light is not able to escape.

Jul 27, 2011

Lehman Brothers Holdings has made a preliminary deal to sell most of a commercial real estate property in Rosslyn, Virginia, to a Goldman Sachs unit, raising at least $385 million to help pay back creditors, according to court documents.

Jul 27, 2011

Upscale grocer Whole Foods Market Inc's quarterly profit rose a larger-than-expected 35 percent and it raised its full-year profit forecast, fueled by robust sales and snatching market share from other supermarkets.

Jul 27, 2011

Top former executives of Lehman Brothers Holdings Inc lost their bid to throw out a securities fraud lawsuit seeking to hold them responsible for billions of dollars of investor losses tied to the Wall Street investment bank's 2008 collapse.

Jul 27, 2011

A UK cyber crime police unit said Thursday it has arrested a 19-year old spokesman for the Lulz Security hacker group who went by the name of "Topiary" at a residence in the Shetland Islands of Scotland.

Jul 27, 2011

Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.

Jul 27, 2011

Google Inc said the Department of Justice has asked for more information regarding its acquisition of online advertising company AdMeld.

Jul 27, 2011

Police are increasingly certain that mass killer Anders Behring Breivik acted alone, but are leaving no stone unturned in the hunt for collaborators as they try to close one of the bloodiest chapters in Norway's history.

Jul 27, 2011