IBT Staff Reporter

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Kotick in final talks to buy out Myspace: sources

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 MPs agree resolution on Greek aid

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.

Nintendo president puzzled by investor reaction to Wii U

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.

RIM is missing targets for new models, Citi says

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.

New York court rejects suit against America Movil

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.

Sprint to debut two Motorola smartphones

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.

Auto technology loan program may fall short

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.

UBS may move U.S. investment bank to New York City

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.

PIMCO's Gross goes long non-U.S. debt, shorts swaps

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.

Why iPad Finally has a serious competitor: HP Touchpad

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.

Apple relaxes rules for media Apps

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.

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