IBT Staff Reporter

Facebook, the world's largest social-networking site, is in talks with Nokia about ways to offer services on mobile phones, the Wall Street Journal on Thursday.

Electric luxury automaker Tesla Motors Inc. may receive a loan for $350 million from the U.S. Department of Energy's $25 billion program to encourage building of more fuel efficient cars.

Rep. Barney Frank, the head of the House Financial Services Committee, said Thursday the Obama administration is more trustworthy than the Bush administration to ensure that banks do not misuse money bank bailout funds.

President Obama signed the DTV Delay Act into law Wednesday night, postponing the transition to digital TV until June 12 and putting wireless companies' plans to use their 700 MHZ spectrum assets on hold.

Asustek Computer today said it sold 4.9 million Eee PC netbooks last year, a figure that rival Acer believes it can best.

Viacom Inc.'s fourth-quarter profit fell 69%, hurt by weakness in advertising sales at MTV and other cable channels, and the company said ad revenues are likely to get worse in 2009 before they get better.

At the close of Thursday's trading, European shares closed at 1.5 percent lower with banks hit by doubts about the U.S. government plan to boost the financial system.

Pakistan publicly acknowledged for the first time Thursday that last year's attack on Mumbai was largely planned on its soil and that it had arrested most of the key plotters.

Verizon Wireless is expected to announce on Thursday a new calling plan similar to the My Circle plan created by Alltel Corp., which Verizon purchased last year.

Facebook Inc. has estimated its market value to be worth about $3.7 billion according to a lawsuit brought by former classmates of CEO Mark Zuckerberg last summer.

Hedge fund firm GLG Partners Inc on Thursday reported a 78 percent loss in adjusted fourth quarter profit as its funds posted losses.

On Wednesday, Zimbabwe's opposition leader Morgan Tsvangirai was sworn in as they country's prime minister.

Wednesday afternoon, the Washington Nationals have finally reached a preliminary agreement with free agent Adam Dunn for a 2-year deal for an unspecified amount of money.

On Wednesday, for good, at least for now Jets quarterback Brett Farve says he's retiring.

On Tuesday lntel revealed more details regarding its 32nm process technology that will allow the company to build high-performance and, from some point of view, revolutionary processors.

U.S. efforts to take action on slowing business activity, joblessness and reduced credit grew on Wednesday as U.S. lawmakers moved to pump tax dollars into the economy, reduce taxes going forward and grilled top U.S. bank executives amid widespread concern.

As the U.S. prepares to sell more than $2 trillion in debt this year, the Federal Reserve Bank of New York is holding talks with several firms which would help underwrite government debt instruments for sale in auctions, according to a report.

Microsoft is opening the doors of its Xbox LIVE to have a free access to Live Gold functionality for players of Rockstar's Grand Theft Auto IV.

BrightSource Energy, a solar energy provider signed a deal with Sourthern California Edison to supply the utility company with 1,300 Megawatts of solar energy, enough to serve nearly 845,000 homes.

Saudi Arabia Oil Minister Ali al-Naimi warned on Tuesday that a too quick promotion of investments in alternative energies could chill investments in the oil sector and create a nightmare scenario.

In collaboration with Twentieth Century Fox, Sega will publish a brand new Alien vs. Predator game in the early quarter of 2010.

Nvidia says Microsoft has validated Ion platform with Windows Hardware Quality Labs (WHQL) drivers for Windows Vista Home Premium that will give little much bigger graphics capabilities.

Bernard Madoff's wife withdrew $15.5 million from a Massachusetts brokerage account firm linked with her husband prior to his arrest, according to Massachusetts authorities on Wednesday.

Microsoft Corp., the world's largest software maker is ready to announce My Phone at the Mobile World Congress in Barcelona next week where it could announce more details about a test of the service.

Starbucks Corp is implementing is cost cutting plans by closing underperforming stores and laying off staff.

Coca-Cola Enterprises Inc shares rose 10 percent following a higher-than-expected quarterly profit report paving a positive outlook for 2009.

SANDISK has announced some serious breakthroughs in NAND flash memory in collaboration with its long-standing co-development partner Toshiba at International Solid-State Circuits Conference (ISSCC).

On Wednesday Coca-Cola Enterprises Inc beat expectations by reporting a quarterly profit after excluding items.

Today the RIM BlackBerry Curve 8900, a thin and light smartphone with a relatively high-resolution screen and a full QWERTY keyboard was made available to everyone.