IBT Staff Reporter

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Hugo Chavez hails successful Twitter debut

Venezuelan President Hugo Chavez on Thursday welcomed the success of his appearance on the micro-blogging site Twitter, where more than 90,000 followers have signed up in just a couple of days.

Motorola smartphone sales rise

Motorola Inc reported a surprising quarterly profit on better-than-expected demand for its higher-margin smartphones, vindicating its strategy of relying on Google Inc's Android software system.

A job in video games might not be a virtual dream

If your dream job is to work in the video game industry then the future is looking brighter with industry players seeing a pick-up in the number of jobs becoming available although salaries remain flat.

Greece readies austerity measures, markets steady

Greece readied severe austerity measures Thursday to secure a multi-billion euro aid package needed to avoid default, providing relief to financial markets but drawing threats of a mighty battle from Greek unions.

Household goods makers get emerging markets lift

Developing markets were critical for consumer product makers last quarter, as strong sales growth in countries like China helped drive profits while markets such as the United States remain somewhat sluggish.

Lehman case backs accounting convergence

The use by Lehman Brothers bank of a U.S. accounting device to strengthen its balance sheet would not have worked under global accounting rules, a top industry official told the Reuters Global Financial Regulation Summit on Thursday.

Muslim-inspired fashion flaunted in Russia's Chechnya

GROZNY, Russia (Reuters Life!) - Models in floor-length gowns of crimson and gold, their heads downturned and framed by hijabs, showed off Eastern-inspired designs on Tuesday to the elite of Chechnya, where Moscow is battling Islamist extremism.

Foreclosures fall in most of top metro areas

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

Stand out by projecting your personality

The challenge: She had created a functional résumé, presenting her experience in an Accomplishments section and leaving her work history to fall to the end of her résumé.

BorgWarner raises outlook after quarterly beat

Auto parts maker BorgWarner Inc raised its 2010 earnings outlook after posting a stronger-than-expected quarterly profit, propelled by improving industry production and rising demand for fuel-saving components such as turbochargers.

China's Brilliance Auto halts Europe exports -execs

Brilliance Auto, BMW's partner in China, has halted its car exports to Europe after its in-house designed BS4 and BS6 sedans met with a cool reception, highlighting the quality issues facing Chinese automakers eager to tap mature markets.

Toyota to recall 50,000 Sequoia SUVs

Toyota Motor Corp will voluntarily recall about 50,000 Sequoia sport utilities because the stability system could cause an unexpected problem with low-speed acceleration, the company said on Wednesday.

Jobless claims underscore fragile labor market

The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, government data showed on Thursday, implying only a gradual labor market improvement.

U.S. jobless claims fall 11,000 last week

The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, government data showed on Thursday, implying only a gradual labor market improvement.

Exxon profit up 38 percent but misses Street

Exxon Mobil Corp said on Thursday that first-quarter profit rose 38 percent on higher crude prices and output, but the results missed Wall Street expectations as recently enacted U.S. healthcare legislation took a toll on results at the largest U.S. oil company.

UnitedHealth to stop dropping policies of sick

(Reuters) - UnitedHealth Group Inc said on Wednesday it would immediately stop terminating healthcare coverage for policyholders after they become ill, to comply with a new healthcare law months ahead of schedule.

Greece readies new austerity measures

Greece readied severe austerity measures on Thursday to secure multi-billion dollar aid, providing relief to financial markets but drawing threats of a mighty battle from Greek unions.

Investors pile back into stocks, shed bonds

U.S. fund managers increased their already high exposure to equities in April and decreased bond allocations on signs the economic recovery is sustainable, a Reuters poll showed on Thursday.

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