IBT Staff Reporter

Sales of Microsoft Corp's Windows software fell short of outsized expectations, rekindling fears that the spread of mobile gadgets will erode its main PC-focused business.

The Japanese yen fell sharply against both the U.S. dollar and the euro on Thursday after Standard & Poor's cut Japan's long-term credit rating while the prospect of higher European interest rates weighed on commodities' prices.

The FBI said on Thursday it executed more than 40 search warrants in the United States as part of its investigation into cyber attacks allegedly by a group called Anonymous that had backed WikiLeaks.

U.S. manufacturing companies posted higher-than-expected results, as sharply improved margins boosted profits amid strong industrial demand and growth in emerging markets.

In what could signal a big year of Internet initial public offerings, social networking website LinkedIn Corp announced plans on Thursday to float shares to the public.

ATLANTA, Jan 27 - It's the latest litigation tactic in the online age: U.S. lawyers are trying to mine the private zones of Facebook and other social-media sites for photos, comments, status updates and other tidbits that might contradict what their opponents are saying in court. And increasingly, judges in civil cases are granting access to online caches that had formerly been considered off-li...

Amazon.com forecast lower margins than some investors hoped for, reflecting the costs of its growth strategy, and shares of the world's largest online retailer plunged 8.5 percent.

For the first time, sales from Kindle books outsold their paperback counterparts sooner than expected.

Although no logical correlation could be found between the two events, CBS shares fell nearly 3 percent after Charlie Sheen, the star of its most popular show, Two and a Half Men, was rushed to the hospital this morning.

A Federal court in California has bit the hacker who publicized a jailbreak for the Playstation 3 console with a temporary restraining order, impounding his computers and barring him from publicizing the exploit on the Internet.

Amazon.com posted quarterly revenue that fell short of analysts' estimates on Thursday and its shares fell almost 10 percent.

Three big defense contractors beat Wall Street earnings expectations, aided by higher sales, and said cost-cutting would aid 2011.

Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.

The United States and Japan received sharp warnings from the IMF and ratings agencies on Thursday that they must tackle their huge budget deficits to avoid investors dumping their bonds, which would create a sovereign debt crisis and push up their borrowing costs.

News Corp will launch its long-awaited digital newspaper created for Apple Inc's iPad on February 2, two weeks after the two companies were widely expected to introduce the new product.

Hulu, the privately owned internet company that provides free, ad-supported television archive, is considering becoming the first web-based cable operator.

With all the buzz surrounding the HP and Palm Topaz Tablet, it's easy to forget the Slate 500, HP's previous tablet offering.

The S&P 500 broke the 1,300-point threshold for the first time since August, 2008 as gold plummeted and U.S. stocks rose slightly.

Amid profit decline Nintendo reports drops in sales of both its handheld and home consoles

High School teachers who are unable or unwilling to teach the theory of evolution in biology might be one reason U.S. students are falling behind in science, according to new research.

Moody's Investors Service warned on Thursday of the growing likelihood that it could revise the outlook on the AAA credit rating of the United States to negative in the next two years.

SanDisk Corp reported a higher-than-expected profit on strong demand for mobile devices, but shares of the flash memory supplier fell 3 percent as margins disappointed investors.

Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.

Strong corporate earnings led Wall Street to a 29-month closing high for a second day on Thursday, but another run of big gains may be harder to achieve.

The Obama administration believes that one policy area ripe for bipartisan cooperation and accomplishment is the reauthorization, and improvement, of the Elementary and Secondary Education Act, commonly known as No Child Left Behind.

Shares of Amazon.com rose on Thursday, hours before the Web retailer is expected to report impressive quarterly revenue gains from the holiday season, though 2011 profit margins may temper investor enthusiasm.

U.S. housing and factory data on Thursday showed the economy still gaining strength in December but at a pace unlikely to cause the Federal Reserve to rethink its stimulus program.

Netflix Inc shares soared 15 percent on Thursday as another round of strong quarterly results shelved any short-term worries about an overheated stock price or competition from powerhouses such as Amazon.com Inc.

U.S. stocks rose modestly on Thursday on earnings, holding near 29-month highs, but technical gauges suggested near-term resistance to strong gains.