IBT Staff Reporter

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ARM says Microsoft needs it for mobile

Microsoft's plan to make Windows compatible with ARM Holdings chip designs will help the software giant establish a major presence in smartphones and tablets, ARM's president said.

Payrolls seen hitting seven-month high

The U.S. economy probably created more jobs in December than any month since May, confirming a self-sustaining recovery is underway, but the unemployment rate is seen edging down only slightly.

LG eyes 4-fold jump in 2011 smartphone sales

South Korea's LG Electronics Inc aims to more than quadruple smartphone shipments this year and will focus on expanding premium products to catch up with bigger rivals, an executive said on Thursday.

HP Shows Streaming Media Device For India

The touch screen mobile device is common enough at this year's Consumer Electronics Show, but Hewlett-Packard was showing of what a touch screen can do when it gets bigger and stays in the living room.

Facebook documents reveal strong profits: source

Facebook is generating profits at a faster-than-expected rate, and will likely attract so many investors this year that it will have to disclose financial data similar to a publicly traded company by April 2012, according to a document distributed by Goldman Sachs.

Stocks fall before U.S. jobs data

The euro fell to a four-month low against the dollar on Friday ahead of U.S. jobs data and next week's bond issues from euro zone peripheral countries, while world stocks and copper eased. A surprise sharp increase in U.S. private sector job creation in December have raised expectations of stronger non-farm payrolls for the month, with economists now expecting 175,000 jobs were created, up from 1...

Wall Street futures fall ahead of U.S. payrolls

U.S. stock index futures edged down on Friday, as caution prevailed ahead of the release of U.S. non-farm payroll figures, with futures for the S&P 500, the Dow Jones and the Nasdaq down 0.1 to 0.2 percent by 4:42 a.m. ET.

China OKs JPMorgan, Morgan Stanley joint ventures

Chinese securities regulators on Friday approved the joint ventures of J.P. Morgan Chase & Co and Morgan Stanley , bringing the banks a step closer toward operating securities businesses in China that they, and other banks, have long sought.

Sony aims for No. 2 spot in tablet devices

Sony Corp aims to slide in behind Apple Inc as the world's second-largest maker of tablet devices by 2012, a senior executive said on Thursday, adding that a PlayStation phone was also a potential opportunity.

Toshiba year-end TV sales strong but 3D weak

Japan's Toshiba Corp saw better-than-expected television sales in November and December thanks to a spike in Japanese sales, the head of the company's TV unit told Reuters in an interview on Thursday.

Toshiba's year-end TV sales beat expectations

Japan's Toshiba Corp saw better-than-expected television sales in November and December thanks to a spike in Japanese sales, the head of the company's TV unit told Reuters in an interview on Thursday.

U.S. jobs hope lifts dollar but weakens euro

The euro slumped to a four-month low against the dollar on Friday and looked set for more weakness if U.S. payrolls data meets recently raised forecasts, strengthening the case for a sustainable economic recovery.

FCC head urges swift action on spectrum crunch

A booming wireless market threatens to overload U.S. airwaves if the government fails to act swiftly, the nation's top communications regulator said in remarks prepared for a speech on Friday.

CES Not So Green, Says Teleconference Co.

While the Consumer Electronics Show bills itself as the greenest one so far, one company is making a case that technology could make the gathering even more environmentally friendly -- by eliminating the need for it altogether.

U.S. jobs hope lift dollar but weakens euro

The euro slumped to a four-month low against the dollar on Friday and looked set for more weakness if U.S. payrolls data meets recently raised forecasts, strengthening the case for a sustainable economic recovery.

Republicans acknowledge debt limit should rise

Republicans acknowledged on Thursday they will have to sign off on more deficit spending to avoid a debt default that would roil financial markets and bring the government to a grinding halt.

Bernanke to face Senate skeptical of Fed policy

Ben Bernanke will not get an easy pass from U.S. lawmakers on Friday as the Federal Reserve chairman delivers his first congressional testimony since the central bank launched a controversial bond-buying policy.

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