IBT Staff Reporter

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InterDigital files Nokia, Huawei complaint

InterDigital Inc has filed a complaint at the U.S. International Trade Commission against Nokia, Huawei Technologies Co Ltd and ZTE Corp accusing the cellphone makers of infringing seven InterDigital technology patents.

Ford profits despite economy, rising costs

Ford Motor Co's profit held up well in a second quarter marked by the impact of Japan's earthquake, the shaky U.S. economy and high commodity costs, but the automaker remained cautious about consumer demand going forward.

BP fails to convince investors on strategy

BP Plc Chief Executive Bob Dudley's pledge of strong long-term growth failed to reassure investors concerned about the company's post-oil spill strategy and second-quarter results well shy of forecasts.

140,000 Petitioners Touched Court Ruling

More than 140,000 petitioners on change.org pleaded for the mercy of the Cobb County State Court on a hearing Tuesday over the sentencing of a woman whose 4-year-old son was killed in 2010, jaywalking before dusk across a road to their home, from which the closest crosswalk was more than 1500 feet away.

Lawmakers head for showdown in debt crisis

President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.

South African Man Wakes Up Inside Morgue Fridge

After being reported dead by his family, a 50-year-old South African man was shut in a morgue fridge Sunday in the small town of Libode in the rural Eastern Cape. But after a 21-hour slumber he suddenly came back to life.

Religious groups set prayer vigil for U.S. debt deal

Across the street from the U.S. Capitol in the small north lawn of the United Methodist Building, Christians, Muslims and Jews will pray on Tuesday for the country's budget, and hope to teach Republicans and Democrats a lesson in compromise.

Top general warns against deep defense cuts

The nominee to be the next top U.S. military officer warned on Tuesday that cutting security spending by $800 billion or more as part of deficit reduction measures would be "extraordinarily difficult and very high risk."

Dollar, Stocks Slip on Debt Fears

The dollar fell on Tuesday as U.S. lawmakers remained deadlocked over raising the nation's debt ceiling to avoid a devastating default, while U.S. and European shares also declined.

Chinese Officials Start To Shut Down Fake Apple Stores

The most recent fake store in Kunming, China was stumbled upon by a 27-year-old American blogger living in the city, the capital of China's mountainous southwestern Yunnan province, complete with the white Apple logo, wooden tables and cheery staff claiming they work for the iPhone maker, while the Chinese government has launched an investigation into fake Apple stores that have popped up around the southwestern city of Kunming.

How to avoid an inheritance battle

We've all read about huge family fortunes squandered in legal battles between siblings after the patriarch or matriarch dies. While most of us wouldn't make national headlines regarding our estate planning matters, the pain and destruction of inheritance feuds can be minimized if not totally avoided.

Motorola bid to dismiss 3G phones lawsuit fails

Motorola Solutions Inc lost a bid to dismiss a class-action lawsuit accusing it of misleading shareholders about deteriorating prospects for its cellphone business, resulting in investment losses.

InterDigital files Nokia, Huawei, ZTE complaint

InterDigital Inc has filed a complaint with the U.S. International Trade Commission against Nokia Corp, Huawei Technologies Co Ltd and ZTE Corp accusing the cellphone makers of infringing seven InterDigital technology patents.

Snapshot: Developments in debt talks

Here is the situation on Tuesday as lawmakers try to close in on a deal to raise the $14.3 trillion U.S. debt limit by August 2 and avoid a federal credit default:

Lawmakers head for showdown over debt

President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.

KenolKobil posts 86 pct H1 pretax profit jump

Kenyan fuel marketer KenolKobil posted an 86 percent jump in first-half pretax profit to 3.22 billion shillings on Tuesday, helped by a 38 percent rise in sales and lower distribution costs.

Home prices unchanged in May: S&P/Case-Shiller

Single-family home prices were unchanged in May, the first time in nearly a year they have not fallen on a monthly basis, though prices were still down compared to a year earlier, a closely watched survey said on Tuesday.

Google's Dirty Little Secret?

During Google's earnings call on July 14, it was revealed that 550,000 android devices were being activated every day. However, the article states that 30-40% of all activated android devices are being returned.

South African strikes to spread to gold sector

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.

How Google Might be Inflating Android Numbers

During Google's earnings call on July 14, it was revealed that 550,000 android devices were being activated every day. However, the article states that 30-40% of all activated android devices are being returned.

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