IBT Staff Reporter

Pending sales of existing U.S. homes were much stronger than expected in March and a homebuilding company trimmed losses, offering faint glimmers of hope for the depressed U.S. housing market.

The full text of the patent infringement complaint filed by Samsung against Apple.

American International Group sued two money management firms on Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud.

'Friends' star Jennifer Aniston may soon be heading to New York as the actress is about to close a deal on her new abode - a $5.9 million penthouse in the West Village.

Thirteen years after the Justice Department filed an antitrust lawsuit against Microsoft, accusing the software giant of using its market power to pummel potential rivals, the case will soon be history.

Pending sales of existing U.S. homes rose a much stronger than expected 5.1 percent in March, data from a real estate trade group showed on Thursday.

South Park does a satire of the Apple tracking controversy using the movie Human Centipede as a backdrop.

The much anticipated Royal Wedding has finally arrived. On Friday, April 29, Prince William and Kate Middleton will finally tie the knot in a ceremony at Westminster Abbey in London.

PepsiCo Inc reported quarterly profit slightly ahead of Wall Street expectations, helped by higher sales volume in both its snacks and drinks units, and stood by its full-year outlook.

Apple has rejected an iPhone game that involves driving a truck gull of immigrants through a desert while trying to keep them in the vehicle.

Economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending and sent inflation rising at its fastest pace in 2-1/2 years.

Google Inc has not given up on its goal of making renewable energy cheaper than coal for consumers but it is not predicting victory soon, its director of green business operations said.

Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals' appeal as a hedge against inflation and economic uncertainty.

Crude oil prices turned lower on Thursday in volatile trade after rising more than $1 a barrel, as lift from a weak dollar gave way to worries about the oil demand outlook.

Baidu Inc more than doubled its profit in the first quarter and forecast stronger-than-expected revenue for the second quarter, betting on strong online advertising demand among China's businesses.

The world of bank regulation is not known for flamboyance but even within this beige universe Martin Gruenberg has a decidedly low-key public manner.

Samsung filed a countersuit to Apple's patent claim, accusing the Cupertino, Calif.-based technology giant of infringing on 10 U.S> patents.

Economic growth slowed more than expected in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.

Canada's largest software company Open Text Corp has strong prospects for growth partly due to its solid pipeline, analysts said, and raised their price target on the stock, a day after it posted a jump in quarterly profit.

NYSE Euronext's attempts to charm investors into backing the lowest of two bids were overshadowed by investor demands the exchange open talks with arch-rival Nasdaq OMX.

The Tennessee Valley Authority has shut down its undamaged Browns Ferry nuclear power plant in northern Alabama, cooling its reactors after power transmission lines into the plant were knocked out by severe storms in the state.

CoStar Group Inc. is acquiring LoopNet.com, an online commercial real estate marketplace, in a transaction valued at $860 million.

Microsoft Corp is expected to report an 18 percent jump in quarterly profit, as its reliable Windows and Office franchises keep growing.

Sony attempts to address concerns that the credit card information of its users was compromised in a hacking attack.

A trio of tiny satellites and an ancient artifact are among the items that will travel to space with the final mission of the space shuttle Endeavour.

Sprint Nextel's first-quarter revenue was higher than expected as the company tacked on a new fee for smartphone customers, sending its shares up more than 3 percent.

Sprint Nextel's first-quarter revenue was higher than expected as customers spent more on data services, sending its shares up about 4 percent in early trade.

Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.

Samsung launched its Galaxy S2 smartphone in Seoul, South Korea onThursday, April 28. The Samsung's latest Android flagship device will also launch in 120other countries starting from early May through about 140 mobileoperators worldwide.The Galaxy S2 was officially announced during MWC 2011.