More From IBT Staff Reporter
Annual video game sales fall, better 2011 in view
Video game sales fell for 2010 but are expected to bounce back this year as people embrace new ways of playing games online and on-the-go, according to retail research firm NPD Group.
Jan 13, 2011
College strained by Loughner's behavior
Jared Lee Loughner's interactions with instructors at his Tucson, Arizona community college were strained throughout 2010, with administrators and instructors reporting disturbing out of context comments, inappropriate expressions, and very hostile behavior which culminated in a suspension, according to school documents.
Jan 13, 2011
Merck, materials companies drag Wall Street lower
Stocks edged lower on Thursday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
Jan 13, 2011
Australia coal lines returning; Rio aluminium force majeure
Coal freight lines could start reopening as early as Thursday in Australia's flooded Queensland coalfields as waters recede, rail officials said, prompting predictions of a faster-than-expected start to a recovery in exports.
Jan 13, 2011
Morgan Stanley announces executive shake-up
Morgan Stanley announced on Thursday a number of executive changes across its global wealth management and fixed income divisions, as Chief Executive James Gorman pursues an overhaul of the bank roughly a year into his tenure.
Jan 13, 2011
RIM shares jump after India deal; new phone leaked
Shares in Research In Motion jumped as much as 4 percent to near an eight-month high on Thursday after it reached a deal with India that appeared to protect its secure corporate email service.
Jan 13, 2011
Social gaming market to pass $1 billion in 2011
LOS ANGELES - The social gaming market is expected to pass $1 billion this year, thanks to a rising number of users and a projected increase in advertising, according to research group eMarketer.
Jan 13, 2011
AOL outsources sports, health news coverage
AOL Inc formed three partnerships to help cut costs -- and possibly jobs -- while beefing up three areas of coverage: sports, health and real estate.
Jan 13, 2011
Lehman sees $60 billion bankruptcy payout, needs time
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of a bankruptcy plan, and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Jan 13, 2011
Amazon.com launches e-book series for Kindle
LOS ANGELES - Foodies take note.
Jan 13, 2011
U.S. warns on China's cyber, space capabilities
Advances by China's military in cyber and anti-satellite warfare technology could challenge the ability of U.S. forces to operate in the Pacific, U.S. Defense Secretary Robert Gates said in prepared remarks on Friday during a visit to Japan.
Jan 13, 2011
Microsoft has best month for Xbox despite shortage
Microsoft Corp notched its best ever month for the Xbox in December, selling 1.9 million of the game consoles, helped by its new Kinect hands-free system and the latest in the blockbuster 'Fable' and 'Halo' game series.
Jan 13, 2011
Tablets Have Led To Slow PC Growth
The tablet industry took a chunk out of PC shipments in the fourth quarter according to two separate reports.
Jan 13, 2011
Judge approves $7.2 billion deal for Madoff investors
A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.
Jan 13, 2011
Intel outlook beats Street, tablet caution lingers
Intel Corp's revenue and margin forecasts beat expectations on healthy technology spending, defying worries about the chipmaker's minor role in the booming smartphone and tablet market.
Jan 13, 2011
Apple on a win streak as rivals regroup
Apple Inc enters 2011 on a roll, a cash-generating machine with surging sales across its product lines -- even as it confronts a sea of restive rivals determined to halt its stunning run of success.
Jan 13, 2011
Kiefer Sutherland to star in web-based action series
LOS ANGELES - Kiefer Sutherland and two-time Academy Award nominee John Hurt are teaming up for The Confession, a new scripted Web action series, Digital Broadcasting Group announced Thursday.
Jan 13, 2011
Spain fares better than expected at bond auction
Investors showed appetite for Spain's debt Thursday, pushing borrowing costs up less than expected at its debut debt auction for 2011 and alleviating some concerns about the euro zone's more vulnerable debtor nations.
Jan 13, 2011
Home foreclosures in 2010 top 1 million for first time
Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday.
Jan 13, 2011
Lehman sees $60 bln bankruptcy payout, needs time
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy plan and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Jan 13, 2011
Intel results beat estimates
Intel Corp posted an 8 percent increase in fourth-quarter revenue and forecast revenue of $11.1 billion to $11.9 billion in the first three months of 2011, riding an upswing in corporate technology spending.
Jan 13, 2011
Coiled Nanowires Could Lead To Stretchable Electronics
Researchers from NC State create a third-dimension coil of silicon nanowire which could lead to stretchable electronics.
Jan 13, 2011
U.S. prepares to challenge Google ITA deal: report
U.S. regulators are preparing for a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software, according to a media report.
Jan 13, 2011
Economy facing headwinds, but Bernanke hopeful
Jobless claims hit a 10-week high last week while producer prices shot up in December, pointing to headwinds for an economy that Federal Reserve Chairman Ben Bernanke said was showing fresh vigor.
Jan 13, 2011
Gold falls after successful euro zone debt auctions
Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.
Jan 13, 2011
IBM's Watson Computer To Play Jeopardy!
On Thursday IBM demonstrated Watson, a computer consisting of a roomful of the company's Power7 processors -- sophisticated enough that it can understand language well enough to figure out the wordplay that makes up a Jeopardy! question.
Jan 13, 2011
Merck, materials drag Wall St lower, Intel up late
Stocks edged lower on Thursday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
Jan 13, 2011
Intel results and forecast beat estimates
Intel Corp cheered investors with a strong quarterly revenue forecast and better-than-expected fourth-quarter earnings as sales to corporations grew.
Jan 13, 2011
AT&T sees hefty charge on pension accounting change
AT&T Inc plans to report a $2.7 billion non-cash charge for the fourth quarter due to a pension-related accounting change aimed at making its numbers more transparent for investors.
Jan 13, 2011
Bernanke says joblessness to linger despite growth
The outlook for the U.S. economy has brightened, Federal Reserve Chairman Ben Bernanke said on Thursday, though he warned that growth this year won't be strong enough to bring down the jobless rate as speedily as policy makers would like.
Jan 13, 2011
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