IBT Staff Reporter

Michael Jackson died at age of 50 in Los Angeles, city officials confirmed to several news agencies.

General Motors Corp needs to exit from bankruptcy quickly in order to avoid a fatal blow to many of its suppliers and the loss of thousands of jobs, Chief Executive Fritz Henderson said in a court filing on Thursday.

Smartphone maker Palm Inc posted a narrower-than-expected quarterly loss on Thursday, sending its shares up more than 14 percent.

“Transformers: Revenge of the Fallen” had the second biggest opening day take ever, earning $60.6 million in gross revenues, but fell short of last year’s hit “The Dark Knight,” which earned $67.2 million on its first day.

General Motors unveiled one of the new pre-production Chevy Volts that has rolled off the automaker's technical center campus in Warren, Michigan on Wednesday.

A Los Angeles city official confirmed that Michael Jackson is dead. The official said he passed away at 1:07 p.m. Pacific, New York Times reported.

Microsoft rolled out prices for its new operating system, which will be officially available in October this year. Prices for upgrades vary from different Windows 7 versions.

Microsoft Windows 7 pre order will start tomorrow until July 11th in the United States and Canada. Japan is also included on the list for tomorrow’s pre order release but will end earlier on July 5TH or while supplies last.

Singer Michael Jackson died on Thursday after being in coma in a hospital in Los Angeles after suffering a cardiac arrest, according to reports.

Micron Technology Inc , the largest U.S. maker of computer memory chips, reported its tenth consecutive quarterly loss on Thursday as revenue fell, sending its shares down nearly 5 percent.

Technology outsourcing and consulting firm Accenture Ltd said its quarterly profit fell due to a slower economy and a stronger U.S. dollar, although the results were better than most analysts had expected.

Pop legend Michael Jackson was taken to a hospital on Thursday after suffering cardiac arrest, according to a CNN report.

China on Thursday accused Google's English language search engine of spreading obscene content that violated the nation's law, less than 24 hours after disruptions to the company's search engines and other services within China.

Apple's new iPhone 3GS has boosted mobile video uploads on YouTube by 400% per day since it went on sale last week Friday.

Iran's opposition leader Mir Hossein Mousavi vowed Thursday that he would not withdraw for one moment despite of what he described growing difficulties in his web site for the first time.

British Airways on announced on Thursday that 800 staff members have agreed to work up to one month for no pay in order to save company costs.

Stocks rallied on Thursday as investors were relieved that Federal Reserve Chairman Ben Bernanke withstood congressional questioning without problems.

The Foreign and Commonwealth Office is advising travellers to stay away from Iran. On Saturday night the FCO upgraded its official advice, warning against ‘all but essential travel’ to the entire country.

Redmond O'Neal, the only son of American actress Farrah Fawcett remained in jail as her mother died Thursday from cancer at age 62, Fox News reported.

The Acropolis Museum in Athens, Greece, has opened its doors to the public. The spectacular building is home to more than 4,000 works from the ancient world, including parts of the sculptures that adorned the Parthenon.

In the semi final match of the Confederations Cup 2009, Brazil beat South Africa 1-0, scoring the winning goal in the 87th minute.

Microsoft Corporation on Thursday said its price cut for the Windows 7 operating system will deferre its revenue by 50 percent from eligible sales compared to its predecessor as it vies to revive its flagship product.

Auto parts supplier Lear Corp is preparing to file for bankruptcy as soon as next week, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

As a heat wave blasted 17 provinces in China this week, four people died from heatstroke and many suffered in the hot temperature, local news reported on Thursday.

Microsoft and VivaKi, the digital arm of Publicis, on Thursday unveiled a broad cooperation deal spanning the fast-growing digital advertising sector to targeted television advertising.

Next Monday, Wall Street's biggest and most brazen crook, Bernard Madoff, will leave his jail cell to hear his punishment. But for his victims, even a lifetime in prison may not be enough.

A bipartisan panel armed with subpoena power to investigate causes of the Wall Street meltdown is on the brink of being launched, as Congress embarks on an ambitious effort to reform policing of the financial sector.

A bipartisan panel armed with subpoena power to investigate causes of the Wall Street meltdown is on the brink of being launched, as Congress embarks on an ambitious effort to reform policing of the financial sector.

Some small and medium-sized U.S. manufacturers, once skeptical about conservation efforts, say they're seeing benefits to installing equipment and implementing practices that curb energy use and save money.