IBT Staff Reporter

Microsoft Corp suffered a defeat on Thursday when the Supreme Court upheld a record $290 million jury verdict against the software giant for infringing a small Canadian company's patent.

Nintendo President Satoru Iwata said he was surprised at the tumble in the company's share price following the unveiling of a successor to its smash hit Wii games console, adding that the new gadget had to be played to be understood.

Creditors of Lehman Brothers Holdings Inc , including units of Bank of America Corp and Barclays PLC , are blasting attempts by Lehman bondholders to force them to reveal details about their claims against the failed bank.

Steve Jobs says he would like Apple to break ground next year on a 'spaceship'-type campus in the company's home town of Cupertino, California and move in by 2015 in a building the iPad-maker's CEO described as having a shot at being the best office building in the world.

An investor group including Activision Blizzard Chief Executive Officer Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to three people familiar with the matter.

German members of parliament late on Thursday agreed a joint motion for a resolution demanding the fair participation of private creditors in future aid to Greece, several participants said.

What to Expect When You're Expecting, a 500-week bestseller manual, will be turned into a romantic comedy filmed in Georgia, starring Cameron Diaz.

Google Inc has bought online advertising technology company AdMeld for $400 million, according to an influential technology blog.

According to new report from IHS iSuppli, Apple Inc. is the largest buyer of semiconductors.

Both companies have done a good job at reducing the power of their consoles.

Nintendo President Satoru Iwata said he was surprised at the tumble in the company's share price following the unveiling of a successor to its smash hit Wii games console, adding that the new gadget had to be played to be understood.

Research In Motion is missing crucial targets for introducing new BlackBerry models, squandering an opening provided by Nokia's decision to abandon its own software, an analyst warned on Thursday.

Diageo, the world's largest spirits group, is close to a settlement with the U.S. Securities and Exchange Commission to end a long-running bribery investigation, the Financial Times reported.

Former shareholders of an Ecuadorean cellular-telephone company are contractually barred from bringing a $900 million suit against Mexican telecommunications company America Movil SAB, New York state's top court ruled on Tuesday.

The reward for any information, which would lead to the safe return of missing Hayward nursing student Michelle Hoang Thi Le, has been hiked from $20,000 to $65,000.

Cupertino mayor says there is no way Apple's headquarters isn't staying in his city.

Apple Inc handed a big victory to publishers by dropping demands they sell subscriptions through its App Store, a rare reversal for the iPad maker.

Sprint Nextel, the No. 3 U.S. mobile service provider, plans to launch two Motorola Mobility smartphones this summer, opening up a new market for Motorola, which has been absent from Sprint's high-end phone line up until now.

The government may not be able to extend as much financing as initially planned under a $25 billion loan program aimed at helping auto and other companies make more fuel-efficient vehicles.

Private equity-backed Avaya Holdings Corp, a telecom equipment maker, on Thursday became the latest in a rush of IPOs and filings by technology sector companies.

Shares of Fusion-io Inc, which makes storage memory hardware and software for data centers, soared 34 percent in their market debut, as the rush to snap up technology start-ups showed no signs of waning.

Greece's economy shrank far more than expected at the start of 2011, signaling a second wave of austerity measures prescribed by the EU and IMF will pile even more pain on a fractious society.

Contrary to popular belief, bond manager Bill Gross' bet against the United States has not been in the U.S. Treasury market but in interest-rate swaps, according to PIMCO's website on Thursday.

UBS AG is looking at least four potential sites in Manhattan as it considers relocating its North American investment banking headquarters into the heart of New York City from suburban Connecticut, sources familiar with the bank's plans told Reuters.

Bill Gross, the manager of the world's largest bond fund, bulked up his stake in non-U.S. debt in May and persisted in his resistance toward Treasuries despite their rally on a torrent of weak economic data.

For the last year, we've seen the Blackberry and Android tablets and heard rumors of an armada of other tablets preparing to blow the iPad out of the water, but the ones that managed to make it to the market have fallen short due to a number of reasons.

Borders, a bookseller currently in the midst of bankruptcy hearings, said its lenders want an additional 51 stores closed.

Apple on Thursday handed a big victory to publishers by dropping demands they sell subscriptions through its App Store, a rare reversal for the iPad makers.

The communications regulator has been oddly slow in unleashing new powers to police the Internet, six months after finalizing the controversial rules.