IBT Staff Reporter

French mobile phone games company Gameloft said it and other software developers were cutting back investment in developing games and other applications for Google's Android platform.

Financial markets saw a rare breakdown in correlations on Friday with world stocks eking out modest gains after the previous sessions losses but the dollar strengthening.

Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.

Italian chocolate maker Ferrero could be interested in Cadbury's gum and candy division, a unit worth about 5 billion euros ($7.4 billion), in a possible joint takeover bid, business daily Il Sole 24 Ore said on Friday.

Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.

New Google Inc software will start up a computer as fast as a television can be turned on, the search company said on Thursday as it showed off its Chrome operating system designed for PCs that do their work on the Web.

Asian shares slipped on Friday, but recovered some early losses, while the dollar was steady after U.S. data raised fears that a global economic recovery could lose momentum.

Police Thursday evening in a press conference announced the cause of death of slain five-year-old Shaninya Davis as asphyxiation, the Examiner reported.

Socialite Paris Hilton and her boyfriend are well known in their Los Angeles neighborhood as the couple who throw loud parties and fight constantly annoying neighbors and police.

Asian shares fell on Friday and the dollar firmed as investors took profits on riskier assets after U.S. data raised fears that a global economic recovery could lose momentum.

Google Inc on Thursday unveiled the open sourcing of the code for its Chrome operating system for personal computers, inviting developers to keep up with developments and start contributing to Chrome OS, which will hit the market by the holiday season of next year.

Progress toward tighter U.S. financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition.

China's government appears increasingly to be piercing U.S. government and defense industry computer networks to gather useful data for its military, a congressional advisory panel said on Thursday.

The wireless chip industry expects smartphone market surge to continue, with British microchip designer ARM saying growth would likely even accelerate further next year.

China's government appears increasingly to be piercing U.S. government and defense industry computer networks to gather useful data for its military, a congressional advisory panel said on Thursday.

EBay Inc said on Thursday it had completed its sale of its Skype unit, as it had vowed to do before the end of the year.

New Google Inc software will start up a computer as fast as a television can be turned on, the search company said on Thursday as it showed off its Chrome operating system designed for PCs that do their work on the Web.

If AOL's announcement on Thursday of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over.

More than 100 Chrysler Group LLC U.S. dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said on Thursday.

Gap Inc posted a 25 percent rise in quarterly profit as sales rebounded at its Old Navy chain and the company recorded its highest margins in a decade.

Senior U.S. Federal Reserve officials said on Thursday inflation is not an immediate threat as a weak economic recovery and a grim outlook for jobs keep price pressures in check.

U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.

Dell Inc's quarterly profit plunged 54 percent on lower-than-expected sales as it lost market share to competitors engaged in a budding price war in the PC market.

Eight years after a U.S.-led invasion ousted the Taliban from power in Afghanistan, the war-ravaged state is the most dangerous place in the world for a child to be born, the United Nations said on Thursday.

Apparel retailer Gap Inc said on Thursday that quarterly net income rose by 25 percent, meeting Wall Street estimates, helped by improved profit margins and rebounding sales at its Old Navy chain.

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.

European Union leaders named Belgian Prime Minister Herman Van Rompuy, a man little known outside his home country, as the bloc's first president on Thursday to lead efforts to make it more influential on the world stage.

General Growth Properties , the giant mall operator that filed for bankruptcy in April, said on Thursday it reached an agreement with lenders that extends maturities on 70 loans and enables the lenders to get their money back.

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.