IBT Staff Reporter

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Oil slips as economic data disappoints

Oil retreated on Thursday, pressured by gloomy U.S. economic data, but dollar weakness and supply concerns sparked by renewed violence in the Middle East helped limit losses.

Corporate profits fall, jobless claims up

Corporate profits contracted in the first quarter for the first time in more than two years and the economy grew at the same pedestrian pace as previously estimated, government data showed on Thursday.

Zuckerberg says not opening Facebook to under-13s

Facebook is not working on opening up the world's biggest social network to children under the age of 13 in the short term, founder and Chief Executive Mark Zuckerberg said Wednesday, contradicting some media reports.

Alipay gets licence to set up e-payment system

The Alipay system affiliated with Jack Ma's Alibaba Group has received a license from China's central bank to operate an electronic payment system in the country, the company said on Thursday.

Jobless claims up in latest week

New claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.

Deutsche Bank investors, protestors seek answers

Chief Executive Josef Ackermann struggled to make himself heard as protestors outside and shareholders inside vented their anger over Deutsche Bank's leadership vacuum, legal issues and business practices.

Latest images of Great Pyramid's chambers of secrets by a robot (PHOTOS)

Robot designed by engineer Rob Richardson from the University of Leeds, UK, and colleagues has crawled up the tunnel carrying a bendy micro snake camera has sent back the first images of markings on the wall of a tiny chamber in the Great Pyramid of Giza in Egypt that have not been seen for 4500 years, the New Scientist reported on Thursday.

Lady Gaga can literally stop 'traffic'

During Amazon's first attempt at selling Lady Gaga's album for a mere 99 cents they had issues with their servers. However, after seeing a high response to the first offer, Amazon is offering the deal again today.

LSE faces TMX tussle as Maple goes hostile

The London Stock Exchange faced an increasingly bitter battle for control of Canadian peer TMX Group -- and its own destiny -- after rival bidder Maple Group took its higher offer directly to shareholders.

Oil slips on economy worry

Oil retreated on Thursday, as investors focused on disappointing economic data, but dollar weakness and renewed violence in Yemen helped limit losses.

Korean phone app tells tales on murderer

SEOUL (Reuters Life!) - It began with a simple phrase -- brace yourself -- sent by a university professor to his mistress via a South Korean messaging service app used by millions every day.

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