IBT Staff Reporter

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

Starbucks Corp told a federal judge it gave Kraft Foods Inc ample warning of its plans to end their grocery partnership and that the food maker is now standing in the way of an orderly break-up.

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.

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.

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.

A former technology consultant jailed in a widening investigation of insider trading at hedge funds says she was approached by FBI agents who sought her cooperation in the probe just weeks before her arrest.

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 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.

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.

Intel has offered concessions in a bid to win European Union antitrust clearance for its $7.7 billion purchase of security software maker McAfee Inc.

Greenpeace announces results from its greenest electronics product survey.

Skype announces its first ever acquisition at the 2011 CES.

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.

India grinded through the final day of the third test against South Africa making 166-3 at Cape Town to level the three-match series at 1-1.

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.

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.

Nvidia's new Tegra 2 mobile chips are in tablets and smartphones made by Motorola, LG, Dell, Acer, Asus and Toshiba Corp, a spokesman for the graphics processor designer said.

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.

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 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.

Apple is launching an applications store for Mac computers, replicating a model that proved wildly popular on its iPhones.

President Barack Obama today appointed William Daley as the new White House chief of staff.

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.

Anyone thinking Americans might be back to their free-spending ways got a reality check on Thursday as many mainstream retailers reported disappointing December sales.

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'.

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.

Stocks slipped on Thursday as soft retail sales and a sharp rise in the dollar left investors edgy a day before December's U.S. employment report.

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.

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