IBT Staff Reporter

Despite all the dramatic advancements that the mobile entertainment industry has made, there is a still one important ingredient it has not obtained: customers.

Amelia James would consider it an insult to her grandmother to shop at the former Marshall Field's department store, a beloved Chicago institution renamed Macy's on Saturday to the dismay of many ardent shoppers.

Hewlett-Packard Co. Chairman Patricia Dunn on Friday defended her role in an inquiry into a boardroom leak that has led to a California state investigation, and said she has no plans to resign unless asked by the board.

A series of scandals at oil giant BP Plc's U.S. operations, has shaken investors' faith in its head John Browne and prompted some to re-examine the record of a man often rated among the world's most respected CEOs.

Fast-growing U.S. social network Web site Facebook said on Friday it has adopted new privacy controls following an unprecedented online backlash over a new feature that let users track their friends online.

American Airlines was flying high in 2001. Its parent company had averaged $1 billion in annual profit for four years, it had just scooped up iconic TWA to become the world's largest airline, and its stock price was at an all-time high.American Airlines was flying high in 2001. Its parent company had averaged $1 billion in annual profit for four years, it had just scooped up iconic TWA to become the world's largest airline, and its stock price was at an all-time high.

Publisher Hachette Filipacchi is testing a new mobile phone strategy with what may be its most colorful U.S. title: Shock magazine, home to photos of nuns practicing taekwondo and a polio-stricken dancing transvestite.

Look who's talking! People in Miami and Los Angeles chat on their cell phones more than any other Americans, according to a survey of cell phone use in major cities.

An increasing number of television viewers are producing their own shows, and the TV industry is frantically trying to figure out how to combine broadcasts, Internet movies and home videos into one package.

The grass is always greener on the other side in China: foreign companies want to tap the country's 1.3 billion consumers while some Chinese firms are desperate to escape the cut-throat competition at home.

Ford Motor Co.'s new chief executive Alan Mulally will receive $18.5 million in one-time compensation to join the troubled automaker, the company said in a regulatory filing on Friday.

It seems to be one thing after another for Sony Corp. these days.

U.S. mortgage lending data show sharp growth in the use of higher-priced non-prime mortgages for home purchases in 2005 over 2004, and even steeper gains in the incidence of such loans among blacks and Hispanics, a Federal Reserve study showed on Friday.

The U.S Patent and Trademark Office posted a patent yesterday detailing plans for Apple Computer to create a multi-function handled device, putting to rest the rumor of an Apple designed portable phone for some experts.

International Business Machines Inc. (IBM) has announced plans to build the worlds fastest super-computer for a Unites States government laboratory.

Activist investor Nelson Peltz and former Snapple Beverage Group Chief Executive Michael Weinstein appear to have won seats on the H.J. Heinz Co. board of directors, the ketchup maker said on Friday.The two were part of a dissident slate of directors proposed by Peltz's Trian Group, which had sought five positions on the 12-member Heinz board.

Pension schemes were given an extra two months to comply with new age discrimination rules on Friday after the industry and employers voiced concerns over the timetable for implementation.

The Office of Fair Trading (OFT), Britain's competition watchdog, has been heavily criticised by an appeals tribunal for a ban it imposed on the London Metal Exchange extending trading hours.

Apple Computer announced on Thursday that it has revamped its popular line of iMac personal computers with parts provided by Intel Corp. for the first time.

As China evolves from a nation of savers to one of borrowers and investors, banks are salivating over the prospects, but risks loom in a market where consumer credit is a novelty and competition is intensifying.

An improving political climate, and the potential for major mineral discoveries, has reawakened interest in Africa among Australian mining companies that have traditionally rated the continent too risky.

Google Inc., the world's biggest Web search engine, said on Friday it is looking to hire more engineers in Japan to develop new technologies in one of the most advanced markets for mobile technologies.

Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.

New U.S. Federal Reserve chairman Ben Bernanke is trying to depersonalize the Fed by making its decision-making more democratic and easier to understand, The Wall Street Journal reported on Friday.

European shares rebounded slightly on Friday, regaining some ground after losses suffered this week on growth and inflation worries, as oil slipped to a five month low.

BP told U.S. lawmakers on Thursday that it could restart its giant oil field in Alaska by the end of October after rusty pipelines forced part of the field shut last month

French holiday resort operator Club Mediterranee reported a 1.2 percent rise in third quarter revenues on Friday, with strong demand from Asia offsetting weak demand in France

Laundry and clothing services firm Davis Service Group Plc said on Friday it expected first half trading conditions to continue into the second half

The FTSE 100 index rose on Friday, recovering from a sharp sell off over the past two sessions, as crude oil prices fell and Asian markets gained.