IBT Staff Reporter

LG Electronics Inc, the world's No.3 handset maker, cut its 2011 smartphone and handset targets on Thursday because its Optimus series has failed to stop the runaway success of Apple's iPhone and Samsung's Galaxy S.

It is the most popular subject on China's Internet that no one is allowed to talk about.

President Barack Obama took to Twitter on Wednesday to press his economic agenda, using the popular social media site to tweak Republicans and advocate for a deal to reduce the deficit.

China is well within its rights, legally and morally, to limit rare earth exports, argued an article in Chinese state media on Thursday, days after the World Trade Organization ruled against China on its curbs of raw materials exports.

Wall Street was set to edge up on Thursday, with a key index at its highest in seven weeks, as investors await labor market data giving indications of the recovery in the U.S. economy.

IsAnyoneUp.com posts nude pictures of people along with their names and links to their Facebook, MySpace or Twitter page so that you identify the person easily.

Host nation Argentina's Copa America campaign is yet to spark after a 0-0 draw against Colombia in the Group A clash.

Facebook will add Skype video chat to its pages, aiming to spice up the appeal of the world's No. 1 Internet social networking service while fending off increased competition from Google.

Profit at Samsung Electronics, the world's largest maker of memory chips and televisions, fell by a quarter as weak earnings at its flat screen unit dragged, underlying the conglomerate's struggle to return to last year's record profit.

There are some procedural delays to the rapper's release from prison

China may rein in plans to invest heavily in seven new strategic industries, including high speed rail and wind power, scaling back cutting-edge projects for industries suffering from old-fashioned problems such as corruption and overcapacity, sources said.

The euro steadied on Thursday with a widely expected rate hike from the European Central Bank later being offset by a spreading sovereign debt crisis, while China's bank stocks bounced on hopes of a near-term pause in policy tightening.

Is Jiang Zemin dead or alive? No one is sure, but Xinhua News Agency just published a news update saying that they have it on good authority that his death is pure rumor.

China's bank stocks bounced on Thursday on hopes of a near-term pause in policy tightening, keeping regional shares close to a one-month high, while the euro steadied before a widely expected rate hike from the European Central Bank later.

Profit at Samsung Electronics <005930.KS>, the world's largest maker of memory chips and televisions, fell by a quarter as weak earnings at its flat screen unit dragged, underlying the conglomerate's struggle to return to last year's record profit.

Japan's core machinery orders rose in May at the fastest pace in four months in a sign that capital expenditures will stay firm and support the economic recovery as the country rebuilds from a devastating earthquake and tsunami.

The Federal Deposit Insurance Corp sued former IndyMac Bank Chief Executive Michael Perry to recover over $600 million in damages and costs related to residential loans made by the lender, according to court documents.

The European Central Bank is almost certain to raise interest rates later on Thursday and will show no let-up in its insistence that governments solve Greece's debt crisis without triggering a default credit rating.

The New York Stock Exchange, an icon of American capitalism, is expected to take a crucial step toward ceding control to a German company on Thursday, with little opposition expected from investors.

President Obama tweeted today, In order to reduce the deficit, what costs would you cut and what investments would you keep? creating the first Twitter town hall meeting at the White House. Twitter followers asked about gay marriage, the Patriot Act, abortion, and war as well as who his favorite Power Ranger is.

The European Union has banned Egyptian fenugreek seeds.

Casey Anthony, the young mother who faced the death penalty for murdering her 2-year-old child using duct tape and chloroform, was acquitted yesterday despite the fact that spent the month after her child went missing partying. The young woman entered herself into a hot body contest and acquired a Life Is Beautiful tattoo in the month after her child went missing.

A phone-hacking scandal engulfing Rupert Murdoch's media empire grew on Thursday with claims that Britain's top-selling tabloid may have listened to the voicemail of relatives of soldiers killed in Iraq and Afghanistan.

Two U.S. government-funded research laboratories and a defense contractor were targets of a highly sophisticated cyber attack last week, representatives of the organizations said, the latest in a string of assaults on U.S. interests.

Tokyo, July 7 - Suzuki Motor Corp <7269.T> plans to spend 40 billion yen ($494 million) to relocate several coastal facilities further inland to avoid damage from possible tsunamis, the Nikkei business daily said on Thursday.

Jiang Zemin: Is he dead or alive?

Asian shares drifted up toward a one-month high on Thursday as Chinese bank shares bounced higher on hopes of a near-term pause in policy tightening, while the euro steadied before a widely expected rate hike from the European Central Bank later in the day.

A downgrade of Portugal's credit rating to junk status underlines how the Greek crisis is poisoning other weak countries in the euro zone, regardless of their own efforts to shrink their debt and return to growth.

A massive sandstorm stormed raged through Phoenix Tuesday night, halting air traffic and initiating coughing fits across the the city. At its climax, visibility declined to zero.