IBT Staff Reporter

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Microsoft adds Facebook, Twitter to Xbox Live

Microsoft Corp plans to boost social and entertainment features on its Xbox 360 gaming console by integrating music-streaming service last.fm, Web social network Facebook and microblogging site Twitter into its Xbox Live online community.

Microsoft to buy bio software operation

Microsoft Corp said on Monday it would buy some of the assets of Rosetta Biosoftware, part of a Merck & Co Inc unit which makes data management software for medical researchers, furthering Microsoft's push into the expanding healthcare technology business.

U.S. online travel agencies end airline booking fees

Fees charged by the four U.S. online travel agencies to book most flights could be a thing of the past as the companies, hungry for market share, try to make their offerings more appealing to the traveling public.

GM leaders enter bankruptcy with hope and regret

The Interim Chairman of General Motors Corp Kent Krasa joined Chief Executive Officer Fritz Henderson today in stating his hope for a stronger, leaner company to emerge from the bankruptcy process which the company entered today but the chairman also added a note of regret in announcing the decision.

Qualcom Upgrades Snapdragon Processor

Qualcomm announced its new upgraded Snapdragon processors with higher speeds, reaching 1.3GHZ with 3D, multimedia and graphics processing plus power consumption improvements at a Computex show in Taipei, Taiwan

GM files for bankruptcy, Chrysler sale cleared

General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

GMAC bank unit denies paying unfair interest rates

Ally Bank, the banking unit of auto and mortgage lender GMAC, on Monday denied competitors' complaints that it is paying excessive interest rates to attract deposits while on a government-funded lifeline.

Upbeat economic data boosts Wall Street

Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors.

Nasdaq jumps 3 percent as Wall St rallies

Stocks rallied on Monday, sending the Nasdaq up slightly more than 3 percent as reassuring economic data fueled hopes the recession is abating, eclipsing a long-expected bankruptcy filing by General Motors .

Glaxo drug delays kidney cancer progression

An experimental cancer pill from GlaxoSmithKline reduced the risk of tumour progression or death by 54 percent in advanced kidney cancer patients compared to placebo, trial results showed on Monday.

Wall Street jumps as economic data boosts optimism

Stocks rose sharply on Monday as strong economic data bolstered optimism the worst of the global recession was past, even as General Motors filed for bankruptcy and was removed from the Dow industrial index.

The big American gas-guzzler: Down but not out

Even though U.S. pump prices are nearly half the $4 per gallon ($1.06 per liter) levels of a year ago, the legions of American fans of gas-guzzling SUVs and trucks don't have much to celebrate.

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