IBT Staff Reporter

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Apple set to beat Google on cloud music: sources

Apple has completed work on an online music storage service and is set to launch it ahead of Google, whose own music efforts have stalled, according to several people familiar with both companies' plans.

Japanese Earthquake : Girl Visits Father's Grave [PHOTOS]

The tragic 2011 T?hoku earthquake and tsunami is the worst natural disaster to hit Japan in the last half century. The confirmed death toll now total 14,133 while the number of missing total 13,346. The final death toll, therefore, is probably north of 25,000.

NYSE board rejects sweetened Nasdaq, ICE bid

NYSE Euronext directors rejected as too risky and lacking value a sweetened takeover offer from Nasdaq OMX Group and IntercontinentalExchange , the second time in 11 days the board backed a lower bid from Germany's Deutsche Boerse AG .

AT&T touts benefits of T-Mobile deal to FCC

AT&T Inc told communications regulators its $39-billion bid to buy Deutsche Telekom AG's T-Mobile USA would let it build high-speed wireless services reaching more than 97 percent of U.S. users.

Wall Street posts first positive week in three

U.S. stocks posted their first positive week in three as more healthy earnings news lifted Wall Street on Thursday, though gains were limited with another 180 S&P names due to report next week.

AT&T: T-Mobile deal would up wireless services reach

AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile USA would let it build high-speed wireless services for more than 97 percent of the United States, it said in a U.S. government filing on Thursday.

Antigua says U.S. online poker shutdown was illegal

The United States violated global trade law by shutting down Internet gambling sites based in Antigua and elsewhere and prosecuting their owners, according to Antigua and Barbuda officials considering action in the World Trade Organization.

Groupon hires Google exec for No. 2 job: report

Online coupon service Groupon has hired a Google Inc executive to be its new chief operating officer, filling a key slot in its management team ahead of a potential initial public offering, according to a media report.

Verizon not pursuing Web video for now: CFO

Verizon Communications has considered developing an Internet video service that would work outside of its network region but is not pursuing it right now, according to the company's chief financial officer.

Target store near Wal-Mart HQ gets top-level spies

When the guy who runs the rival store up the road drops in for a visit, a lot of shop talk can be expected -- especially if that guy is Wal-Mart Chief Executive Mike Duke and you are running the only Target store for miles around.

Mars Orbiter Finds Buried Dry Ice Lake

NASA's Mars Reconnaissance Orbiter has found a giant buried deposit of dry ice, which could be evidence that Mars once had a thicker atmosphere and was able to have more water on its surface.

Economy struggles for momentum, data shows

Factory activity in Middle Atlantic states braked sharply in April and the number of Americans claiming new jobless benefits fell less than expected, implying the economy was struggling to regain momentum.

NYSE board rejects bid from Nasdaq, ICE

NYSE Euronext <NYX.N> directors rejected as too risky and lacking value a sweetened takeover offer from Nasdaq OMX Group <NDAQ.O> and IntercontinentalExchange <ICE.N>, the second time in 11 days the board unanimously backed a lower bid from Germany's Deutsche Boerse AG <DB1Gn.DE>.

Verizon CFO says not pursuing Web video for now

Verizon Communications has considered developing an Internet video service that would work outside of its network region but is not pursuing it right now, according to the company's chief financial officer.

McDonald's warns of higher food inflation

McDonald's Corp forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.

Amazon cloud disruption hits some startups

Disruption to Amazon.com Inc servers that host Internet services took down a raft of social networking websites including Foursquare and Quora early on Thursday, underscoring concerns about reliability as more companies turn to the cloud.

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