IBT Staff Reporter

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Market flat on weak jobless claims

U.S. stocks barely budged on Thursday as investors looked past disappointing jobless claims while a jump in Marathon Oil's shares boosted the oil sector.

Google Doc to allow users to upload videos too

Over the next few weeks Google will be rolling out the option to upload, store and organize any type of file in Google Docs and with this change one would be able to upload and access file from any computer, said a Google blog post.

Euro zone escalation fears ease after Spain auction

Spain and Italy staged successful bond sales on Thursday, easing concerns about an escalation of euro zone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis measures.

Starbucks inks pact to enter India, source beans

Starbucks Corp , the world's largest coffee chain, unveiled a tie-up on Thursday that could bring its iconic cafes to Asia's third-largest economy, where western-style coffee shops are increasingly popular.

Spotify, Shazam tie up on finding and buying music

Music services Spotify and Shazam are teaming up so that users of iPhones and Android phones can immediately buy music from Spotify that they have discovered using Shazam, the two companies said on Thursday.

Target to enter Canada with Zellers deal

U.S. retailer Target Corp on Thursday announced plans to enter the Canadian market, taking over leases for up to 220 Zellers stores owned by storied domestic retailer Hudson's Bay Co.

Dimon, Gorman pitch for AIG share sale

Some of the United States' top bankers descended on a law firm in midtown Manhattan on Thursday to pitch for what could be one of the largest share sales in history -- a secondary offering for bailed-out insurer American International Group Inc.

BoE keeps rates at record low for 22nd month

The Bank of England kept its key interest rate at a record low 0.5 percent as expected on Thursday, judging that longer-term downward pressure on prices will quell a looming spike in inflation.

JPM's Dimon, other bankers pitch for AIG share sale

Some of the United States' top bankers descended on a law firm in midtown Manhattan on Thursday to pitch for what could be one of the largest share sales in history -- a secondary offering for bailed out insurer American International Group Inc.

RIM gives India access but not to secure e-mails

BlackBerry maker Research In Motion said it has given India the means to access its Messenger service and reiterated that no changes could be made to allow monitoring of secure corporate emails.

Jobless claims post biggest jump in 6 months

U.S. jobless claims jumped to their highest level since October while food and energy costs boosted producer prices, pointing to lingering headwinds for an economic recovery that had been showing renewed vigor.

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