IBT Staff Reporter

LG Display, the world's No.2 LCD flat screen maker, posted its first quarterly loss in seven quarters, hit by a $289 million price fixing fine and as panel prices plunged on weak demand from television makers.

General Motors will invest $540 million to build fuel-efficient engines at its plant in central Mexico.

Taiwan's HTC Corp, the world's No.4 smartphone brand, expects revenue and shipments to more than double in the first quarter of 2011, helped by a new generation of products.

LG Display, the world's No.2 LCD flat screen maker, warned of lower shipments and weaker screen prices after posting its first loss in seven quarters, as it battles weak demand from television makers.

Asian stocks tumbled and commodities paused on Friday after a recent selloff on worries that rising inflation may invite aggressive policy tightening and hurt growth in the world's growth engines like China and India.

India's food inflation eased for the second straight week due to lower fruit and vegetable prices, data showed on Thursday, but an acceleration in headline inflation in December is likely to put pressure on the central bank to raise rates at a policy review next week.

Students in 54 Miami-Dade County Public Schools in Florida are studying in virtual classrooms where core subjects are taught entirely on computers.

Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies LTd and Tata Consultancy Services.

China's Lenovo Group is in talks with Japan's NEC Corp for a joint venture in personal computers, two sources familiar with the matter said, in a deal that would help them close the gap with larger global rivals.

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.

Roger Ebert, the longtime movie critic at the Chicago Sun Times and for decades on television, is unveiling a new facial prosthesis that will make its TV debut in his new show on Friday.

General Electric Co is expected to report a 14 percent rise in quarterly profit on Friday, with lower credit losses at its finance arm offsetting the dulling effects of a tepid economy on heavy equipment orders.

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.

Verizon, betting that its vast user network has been waiting for the iPhone to arrive, launched its first commercial touting the device on Thursday.

China's plan to change itself from a major manufacturer to a leading global source of innovation poses an enormous challenge for U.S. companies whose competitive edge depends on coming up with the next big idea.

The following is a White House transcript of remarks by President Barack Obama as delivered at the 50th Anniversary of John F. Kennedy's Inauguration, at the Kennedy Center in Washington D.C., on January 20, 2011.

Global equities and commodity prices fell on Thursday after robust Chinese economic growth prompted fears the world's second-largest economy would try to choke off excessive demand that is fueling inflation.

Hughes Communications Inc , majority owned by private equity firm Apollo , has hired Barclays Capital to advise on a sale of the company, people familiar with the matter said.

HSBC Holdings Plc is laying off about 500 employees as it ends credit card customer service and collections work at a center in New Castle, Delaware.

Michael Jackson's estate on Thursday sued a businessman who has teamed up with the singer's mother to market memorabilia related to the late king of pop on the Web site jacksonsecretvault.com.

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.

Apple Inc is giving a whole new meaning to locking your phone with its new screws.

Hewlett-Packard Co on Thursday said four directors are leaving, as a company shake-up continues under new Chief Executive Leo Apotheker.

PC chipmaker Advanced Micro Devices Inc reported solid earnings and said there was no strategic shift toward the mobile market following the former CEO's recent departure.

T-Mobile USA aims to fetch up to $2 billion for the sale of its broadcast cellular towers around the start of the second quarter, according to a person familiar with the process.

Internet powerhouse Google Inc beat Wall Street's quarterly sales and profit estimates, and announced that co-founder Larry Page would take on the role of chief executive, overseeing day-to-day operations of the company. Its shares rose 1.9 percent.

Internet powerhouse Google Inc beat Wall Street's quarterly sales and profit estimates, and announced that co-founder Larry Page would take on the role of chief executive, overseeing day-to-day operations of the company. Its shares rose 1.4 percent.

JPMorgan Chase & Co shuffled the management of its deals advisory business on Thursday, moving two long-time managers to senior relationship roles and hiring a prominent corporate lawyer.