IBT Staff Reporter

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Tornado Year 2011, Why So Many?

Twisters have swept across the U.S., killing 314 in Alabama, 134 in Missouri, and 4 so far in Massachusetts in the last couple of months. Why so many tornadoes?

Stocks set to rebound slightly at open

U.S. stocks were set for a slightly higher open on Thursday, a day after suffering its biggest losses in nearly a year, as data showed a fall in weekly jobless claims, although short of expectations.

Microsoft shows off Windows 8 operating system

Microsoft Corp showed off a version of its next operating system at technology conferences in the United States and Taipei, as some PC makers grumbled over restrictions on their involvement in the development of the system.

Apple iOS 5-powered iPhone 5 – playing catch up or beating Android?

Apple iOS 5 powered iPhone 5 may not be debuting after all at Apple Worldwide Developers Conference (WWDC) next week, leading people to wonder whether the next generation smart phone will be playing a catch up game or whether it is prowling for the right opportunity to reveal itself and blast its rivals into oblivion.

New jobless claims fall less than expected

New claims for unemployment benefits fell less than expected last week, according to a government report on Thursday that could add to fears the labor market recovery has taken a step back.

Internet addresses: Colombia's hottest export?

Global brands from Twitter to Amazon are buying up Colombian Internet addresses, as the country's .co domain attracts organizations unable to get their choice of .com address or who want a shorter name.

Japan panel: need to double sales tax by 2015 for welfare

A Japanese government panel on Thursday recommended doubling the country's sales tax in stages over the next four years to help pay for rising social security costs, though Prime Minister Naoto Kan's looming resignation and instability in his ruling party cast doubt over whether the policy will be implemented.

Google reveals Gmail hacking, says likely from China

Suspected Chinese hackers tried to steal the passwords of hundreds of Google email account holders, including those of senior U.S. government officials, Chinese activists and journalists, the Internet company said.

Picky shoppers lead to mixed May for retailers

A handful of retailers beat analysts' sales expectations for May, winning with strong selections of goods or drawing in shoppers looking for deals as high gasoline prices and a sluggish economy tempered demand.

BOJ's Nakamura upbeat on Japan recovery

Bank of Japan board member Seiji Nakamura said solid global growth will help Japan's recovery accelerate later this year but warned that the country cannot afford policy paralysis when the wounds of the devastating earthquake in March have yet to heal.

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