IBT Staff Reporter

The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on Thursday.

HTC Corp fired back on Wednesday in its legal battle with Apple Inc, asking the U.S. International Trade Commission to ban sales of iPhones, iPads and iPods in the United States.

Romantics looking for love on online classifieds site Craigslist.com or maybe just for a wheelbarrow could end up starring in a new Web-only documentary series that chronicles how people are using the website.

The makers of file-sharing software LimeWire are liable to 13 major record companies that accused the service of infringing their music copyrights, a Manhattan federal judge has ruled.

A post-EU rescue plan stock rally remained in place on Thursday with emerging market shares up more than 1 percent and global stocks in general adding to the week's gains.

Asian stocks hit highs for the week on Thursday after new austerity steps pledged by Portugal and Spain raised hopes that Europe's debt crisis can be contained, while IBM's strong profit forecast boosted tech shares.

Microsoft Corp launched an updated version of its Office software on Wednesday, aiming to keep its grip on the hugely profitable business application market while countering the challenge of free online alternatives from Google Inc.

Gold firmed near a record high reached in the previous session, while the world's largest gold-backed ETF reached an all-time high on Thursday as investors continued to worry that attempts to contain the euro zone debt crisis would either fail or stoke inflation.

Asian stocks rose on Thursday as fresh austerity measures promised by Spain and Portugal gave investors hope that Europe's debt crisis can be contained, while IBM's strong profit forecast gave a further boost to tech shares.

TORONTO - The latest trend in Canadian film: Internet sensations that land on the big screen.

Germany's SAP AG said it plans to buy smaller business software maker Sybase Inc for $5.8 billion, gaining technology that allows it to deliver accounting software and other programs to smartphones.

Sprint Nextel said on Wednesday that HTC Corp's EVO, its most advanced high-speed wireless phone so far, would go on sale on June 4 for $199, a price it hopes will win back subscribers lost in the last few years to its bigger rivals.

Sprint Nextel said on Wednesday that HTC Corp's EVO, its most advanced high-speed wireless phone so far, would go on sale on June 4 for $199, a price it hopes will win back subscribers lost in the last few years to its bigger rivals.

Cisco Systems Inc's quarterly results topped Wall Street forecasts as a global economic recovery encouraged companies to upgrade their networks, but CEO John Chambers' cautious tone prompted investors to sell the shares.

For actor Edward Norton, philanthropy and activism are practically in his genes so launching a website on Wednesday to encourage charity fundraising seemed natural to him.

Nearly a quarter of U.S. homes have abandoned land lines and use only a cellphone, U.S. researchers reported on Wednesday.

Germany's SAP AG said it plans to buy smaller business software maker Sybase Inc for $5.8 billion, gaining technology that allows it to deliver its programs to mobile devices like the iPhone.

The United States is losing enough data in cyber attacks to fill the Library of Congress many times over, and authorities have failed to stay ahead of the threat, a U.S. defense official said on Wednesday.

Gold held steady on Thursday after hitting another record near $1,250 an ounce the previous day on continued worries about euro zone debt, while the world's largest gold-backed ETF reached a new all-time high.

The Australian dollar has opened this morning close to USD0.8950 after a relatively quiet trading session overnight.

Cisco Systems Inc's quarterly results topped Wall Street expectations and Chief Executive John Chambers said the network equipment maker is gaining market share as the global economic recovery accelerates.

The Federal Reserve scored a victory and mortgage bankers suffered a defeat on Wednesday as the Senate took aim at bank supervision and housing finance in its sprawling Wall Street reform effort.

Cisco Systems Inc reported stronger-than-expected quarterly results thanks to a pick-up in the global economy and growing Internet use, and CEO John Chambers said it was gaining market share.

Scientists have discovered a cure for the dreaded Monday morning blues - stop sleeping in on weekends.

On Monday, Hobart City Council aldermen have agreed unanimously to make Elizabeth Mall, the bus mall and Wellington Court smoke-free zones.

Cisco Systems Inc reported stronger-than-expected quarterly results thanks to a pick-up in the global economy and growing Internet use, and CEO John Chambers said it was gaining market share.

Spain belatedly joined the euro zone's austerity bandwagon Wednesday in response to a widening debt crisis as the European Commission sought an unprecedented right of prior review of national budgets.

Cisco Systems Inc reported stronger-than-expected quarterly results as a recovering global economy and growing Internet use prompted companies to upgrade their networks.

The Australian dollar is weaker once again versus the Greenback starting today at 0.8945 US.