IBT Staff Reporter

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Management failure key to Deepwater blowout, report says

Better management of oil industry-related companies BP, Halliburton and Transocean could have almost certainly prevented an underwater oil rig blowout last year that led to the largest ever U.S. oil spill, a presidential panel concluded in its final report.

Samsung seeks 15 percent TV sales jump in smart TV push

Samsung Electronics Co, aiming for a 15 percent jump in TV sales in 2011, signaled an aggressive push into smart and 3D TVs this year in unveiling a procession of content and technology tie-ups with the likes of Comcast and Adobe.

Verizon CEO ponders shift to use-based mobile plan

Verizon Wireless is experiencing a boost in higher-margin wireless data subscribers thanks to a $10 limited data service it is offering, potentially encouraging the top U.S. operator to make such an offer more permanent.

Data security center in Utah targets cyberspace

A $1.5 billion dollar National Security Agency data center under construction in Utah will be an important step in dealing with rising volumes of information in cyberspace, officials said on Thursday.

House Dems call Republicans promise-breakers

It is only the second day of the 112th Congress and charges of hypocrisy and broken promises are flying around the House of Representatives. As may have been expected, these charges are coming from the Democrats, who are now in the minority.

Microsoft needs ARM to move to mobile: ARM exec

Microsoft Corp's decision to make its Windows operating software compatible with ARM Holdings chip designs allows the U.S. software maker to finally establish a major presence in mobile Internet, ARM's president said Thursday.

Why U.S. inside traders escape harsh sentences

NEW YORK, Jan 6 - The recent flurry of insider-trading arrests by the Manhattan U.S. Attorney has set Wall Street on edge. But if recent history is any guide, people found guilty of that crime tend to get off relatively easy, a Reuters Legal analysis suggests.

CFTC's Sommers expects limits plan to move forward

The Commodity Futures Trading Commission likely has enough votes to advance a proposal to limit speculative positions in commodity markets to the next stage, said Jill Sommers, a Republican commissioner, in an interview with Reuters Insider.

Goldman customers get Facebook financials

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.

Verizon promises 10 high-speed gadgets by mid-year

Verizon Wireless plans to have 10 new devices, including four smartphones, and new tablets on store shelves by mid year for its high-speed wireless data service, strengthening its position in a race to convince consumers to use more expensive services such as mobile Web.

Republican to push inflation-only Fed bill

A top Republican on Thursday said he will push for legislation paring back the Federal Reserve's mandate to focus solely on controlling inflation, not ensuring full employment.

T-Mobile USA to double network speeds

T-Mobile USA plans to start doubling the speed of its high-speed wireless data network this year to 42 megabits per second, joining a race toward higher-speed networks to make its service competitive with Verizon Wireless'.

Renault says spy scandal put assets at risk

A scandal over suspected industrial espionage at Renault deepened on Thursday as the French carmaker warned company assets were at risk and France's industry minister called the matter serious.

Senate considers filibuster change

The U.S. Senate convened yesterday for the first session of the 112th Congress. It did some procedural work, honored Sen. Barbara Mikulski, D-MD, for being the longest serving woman senator, talked until after sundown and recessed until Jan. 25.

Collingwood retires from Test Cricket

England's veteran cricketer Paul Collingwood has announced his retirement from Test cricket before the fourth day of the fifth Ashes test at Sydney

Analysis: Facebook ignites Bubble 2.0 chatter

Remember Webvan? The online grocer, whose initial public offering in March 2000 was among the most hotly anticipated during the dot-com boom, is now viewed as one of the greatest disasters of the era.

Federal judge allows class action lawsuit against law firm accused of 'sewer service'

A federal judge in New York has okayed a class action lawsuit that accuses Leucadia National Corp., a financial services firm, the debt-collection law firm Mel S. Harris & Associates, and a Brooklyn-based process serving agency Samserv Inc., of a racketeering scheme that allowed them to fraudulently secure default judgments in New York courts against unwitting consumers around the country.

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