IBT Staff Reporter

Facebook Inc is likely to generate 2010 revenue of about $2 billion, more than previously expected for the popular social networking site, Bloomberg reported, citing three people familiar with the matter.

Stocks were little changed on Thursday as indexes struggled to break through a technical range and economic bellwether FedEx posted results that missed estimates but offered a bullish forecast.

The’ Fast and Furious 4’ grossed a $155,064,265 domestically and $359,264,265 worldwide and is the second highest-grossing film in the car genre, behind ‘Cars’.

After being voted 'Person of the Year' by Time magazine Mark Zukerberg's brainchild Facebook is expected to post $2 billion in revenue for the year 2010.

Oil giant BP was the biggest faller on Britain's blue-chip board on Thursday, as investors fretted that a U.S. government lawsuit may mean the cost of its oil spill will be far higher than predicted.

Housing starts rose slightly more than expected in November, but a surprise drop in permits for future home construction to a 1-1/2 year low indicated continued weakness in the housing market even as the economic recovery gains traction.

British citizens expect the inflation rate to continue to rise in 2011, according to a survey released by the Bank of England (BoE) on Thursday.

Eurozone manufacturing PMI touched an 8-month high in December while composite output index fell, according to a survey.

At least 1.2 billion songs will have been illegally downloaded by the end of 2010 in Britain, a study for the recording industry lobby group the BPI said on Thursday.

The duo collaborate for the ninth time for the upcoming movie

Milwaukee-based Iconic bike maker Harley-Davidson on Wednesday introduced two new models - SuperLow and Iron 883 - priced at Rs. 5,50,000 and Rs. 6,50,000 (ex-showroom), respectively to expand its portfolio in India.

Wall Street was set to open little changed on Thursday after economic bellwether FedEx reported quarterly results that missed expectations, suggesting an economic recovery remained tentative.

Nokia, the world's top cellphone maker by volume, has filed 13 new patent infringement suits in Europe against U.S. rival Apple, accusing it of using Nokia technology in its iPhones and iPads.

Stock index futures turned flat on Thursday, giving up some gains after economic bellwether FedEx reported quarterly results that missed expectations.

European Union leaders will be warned on Thursday that a rolling debt crisis poses a systemic threat to the euro zone as they seek to paper over divisions at a summit on how to restore confidence.

All 22 people on board a small passenger plane that crashed in the foothills of the Himalayas of eastern Nepal have been found dead. The Rescue Co-ordination Committee at Kathmandu Airport stated that the wreckage of a the plane was recovered on Thursday at a village 150 kilometers from the capital Kathmandu.

The British government on Wednesday said all the nine electric cars, which will be bought in the country, are eligible for a subsidy of up to £5,000 (or $7,935).

Global regulators said on Thursday that banks in low debt countries like Australia and Denmark will get more leeway to comply with tough new liquidity rules.

For decades, their ability to sell masses of cars and oodles of televisions was how corporate Japan, and its government at home, benchmarked its progress in conquering overseas markets.

For the second time in three years, Bon Jovi topped the annual Billboard Boxscore as the highest money grossing touring act for 2010.

Stock index futures were slightly higher on Thursday as investors awaited data on jobs and housing and corporate earnings from bellwether FedEx for signs of improvement in the economy.

The war in Afghanistan is unlikely to be won, US Intelligence reports suggest. Even as President Barack Obama is all set to announce policy review on the war in Afghanistan, two classified reports state that it could be improbable to end Taliban and Al Qaeda insurgency in the Tribal regions of the country. The reports however, have fueled a bitter row between the intelligence agencies and the military over who has a better perspective and proximity in the war zone.

UK retailer Sports Direct International Plc (LON: SPD.L), controlled by Newcastle United owner Mike Ashley, reported a 73 percent rise in pretax profits for the first half as the World Cup and strong online sales drove revenue growth.

For decades, their ability to sell masses of cars and oodles of televisions was how corporate Japan, and its government at home, benchmarked its progress in conquering overseas markets.

Year-long survey conducted by Glassdoors.com puts social networking giant Facebook at the top of preferred employers' list

The Basel Committee of global banking regulators published on Thursday the final text of Basel III, which will force banks to triple the amount of capital held to withstand shocks.

A deal that President Barack Obama struck with Republicans to extend tax cuts for nearly every working American and spur job growth moves to the House of Representatives for passage as early as Thursday.

Toyota Motors India said on Wednesday that it has received 12,000 orders for its Etios sedan, even as the production of the low-priced car is yet to begin.

General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.