IBT Staff Reporter

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Sprint to debut Motorola high-speed phone

Sprint Nextel plans to sell a high-speed wireless phone from Motorola Mobility , the Photon 4G, this summer, the U.S. mobile device maker's first to be based on the carrier's new WiMax technology.

Borders may have to close some of its best stores

Bankrupt Borders Group Inc said it may have to close up to 51 more stores -- including some of its most successful -- as the shrinking bookstore chain struggles to avoid defaulting on a bankruptcy loan.

Record exports temper slowdown fears

Record exports in April tempered fears that the economic recovery was running off the rails, even though first-time claims for jobless benefits edged higher last week.

Wall Street rallies as trade report spurs buying

U.S. stocks extended gains on Thursday after trade data showed record U.S. exports, easing concerns about a stalled economic recovery following a six-day slide that left the equities market oversold.

Regulators pressuring banks after Citi data breach

Major U.S. banks came under growing pressure from banking regulators to improve the security of their customer account information after Citigroup Inc became the latest high-profile victim of a large-scale cyber attack.

Wall St rallies as trade report spurs buying

Stocks extended gains on Thursday after trade data showed record U.S. exports, easing concerns about a stalled economic recovery following a six-day slide that left the equities market oversold.

ECB takes hard line on Greece in rebuff to Berlin

The European Central Bank said on Thursday it opposed forcing private creditors to take part in debt relief for Greece, pushing back against Germany, which has demanded a bond swap to lengthen Greek debt maturities.

Yankees lose Joba for a month

The New York Yankees placed relief pitcher Joba Chamberlain on the disabled list yesterday because of a strained flexor muscle. The right hander could miss a month due to the injury.

Instant view: Jobless claims unexpectedly rise

The number of Americans filing new claims for unemployment benefits rose by 1,000 last week, according to a report on Thursday that could stoke fears the labor market recovery has stalled.

RIM can't grab Nokia space with delayed launches: Citi

Research In Motion is in danger of failing to capitalize on market share losses at rival Nokia by choosing to launch products later-than-expected, said Citigroup, which downgraded its rating on the stock to hold from buy.

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