BUSINESS

South Korean tech giant Samsung Electronics is all set to finally take the wraps off its next generation Galaxy smartphone, aka Galaxy S3, at a press event in London today. The unpacked event is scheduled to be held at 2 p.m. ET (7 p.m. London time) at the Earls Court Olympic venue.

Up until now, India had adamantly opposed sanctions against Iran.

Nonfarm productivity fell in the first quarter as companies hired more workers to maintain output, but a moderate rise in wages suggested little pressure on company profits and inflation.

Gold eased on Thursday, under pressure from a decline in the euro ahead of a rate decision from the European Central Bank, while concerns about Spain's ability to finance itself simmered after yields shot up at a debt auction.

Hollywood?s most famous couple, who finally stamped seal on their 7-year-long relationship with the announcement of their engagement last month, has now decided to settle down in the UK post wedding.

General Motors reported a first-quarter profit that surpassed forecasts as it was able to boost vehicle prices, especially in North America, and cut losses in its troubled European operations.

Fewer Americans than expected filed for jobless benefits last week, which came as a welcoming relief as investors held their breath and waited for Friday's jobs report numbers to come out.

Despite publicity about hackers, intrusions into company databases and even the insertion of computer viruses into Iran?s nuclear program, most companies simply aren?t prepared to handle them, a new study from International Business Machines Corp. (NYSE: IBM) determined.

One year after the acquittal of Orlando mother Casey Anthony, facts and clues are still emerging. A recent voice mail left by the wife of a pastor who sheltered Casey Anthony after the murder trial lets out yet another clue on 'who' Casey is. The voice mail obtained exclusively by Radaronline has Pastor's wife Cindy Camp, asking Casey to stop being selfish and to think of others. For once get outside your own head and think of someone else, she says at one point in the voice mai...

The European Central Bank held its main interest rate at 1.0 percent on Thursday as stubborn inflation offset pressure to loosen borrowing costs further to support the weak eurozone economy.

The companies whose shares are moving in pre-market trade Thursday are: Transocean, Whole Foods Market, Smith & Nephew, Salesforce.com, Intel Corp, Green Mountain Coffee Roasters, Delhaize Group, Novatel Wireless, Skullcandy, Limited Brands and Safeway Inc.

Asian stocks fell Thursday as weak economic data from the Eurozone and the US raised concerns over the strength of global economic recovery.

Futures on major U.S. indices point to a higher opening on Thursday ahead of economic data including weekly jobless claims.

Mobile operator Sprint recently released Google's flagship Android ICS phone, the Samsung Galaxy Nexus, for around $199.99 on a 2-year contract. In an attempt to expand its basket of offerings Sprint will start taking pre-orders from May 7 for HTC Evo 4G LTE with a price tag of $199.99 on contract. The smartphone is due to hit stores sometime this month.

Samsung, the Korean electronics giant, has notched up significant traffic on the Internet lately thanks to the overwhelming amount of speculations, anticipations created by its next iteration of Galaxy phone, Galaxy S3. While speculations are uncountable, we have tried to be picky about some of the features we are certain about. Check out the list of all the more-or-less expected features of the Galaxy S3 like 4.8-inch Super AMOLED Plus screen, Ice Cream Sandwich OS, 1.4GHz Exynos 4 Quad process...

Steve Jobs is remembered not merely for the company he co-founded, but also for his mannerism, determination and marketing skills that helped Apple reach the zenith of success. But what about his acting skills? Yes, the Apple wizard did have some. He appeared as former U.S. President Franklin Delano Roosevelt in a long-lost TV commercial to charge up the company's sales team to take on IBM.

US-based retailing company Target is going to stop selling Amazon's Kindle-branded products in the spring of this year, according to a latest report.

Asian stock markets declined on Thursday as weaker-than-expected economic reports from the US and Europe dampened investor sentiment.

In a major victory for the US-EU led sanctions on Iran, the Indian government has asked top two importers of Iranian crude to cut their imports by at least 15 percent this year, the Wall Street Journal WSJ reported, quoting industry sources.

BMW, the world?s largest maker of luxury vehicles, reported Thursday 19 percent rise in earnings in first quarter compared to the same period last year.

US Treasury Secretary Timothy Geithner said Thursday that China should allow its currency to increase in value against the dollar to support the reforms in the country's financial system.

Facebook introduced a new feature to Timeline that will allow people to perform new functions from stories that appear in their news feed, timeline or ticker. The feature addition is being called action links.

Now approaching three months after ?Mass Effect 3? was officially released, it seems concerns about the less-than-satisfying ending have begun to quiet down. Fans have made their opinion known to developer BioWare through various movements, such as the delivery of over 400 cupcakes to the office located in Edmonton, Alberta.

An Oracle Corp attorney ruled out a settlement with Hewlett-Packard Co in a bitter lawsuit over the Itanium microprocessor, a day after the judge refused to resolve the case for either side before trial.

Visa Inc, the world's largest credit and debit-card network, beat analysts estimates with a 23 percent increase in adjusted earnings as people spent more with cards.

Senate Minority Leader Mitch McConnell says the Montana Supreme Court's decision to uphold a state law banning corporate involvement in elections flies in the face of the U.S. Supreme Court's Citizens United ruling.

Swiss pharmaceutical company Novartis International AG / Sandoz (NYSE: NVS) announced Wednesday it would acquire Melville, N.Y.-based Fougera Pharmaceuticals for $1.5 billion in cash.The deal makes Sandoz, Novartis's generics drug division, the world's largest maker of generic dermatological drugs.

Microsoft is planning the deal of a lifetime for gamers who have not yet purchased an Xbox, as the company is offering the console package along with a monthly subscription for just $99 beginning next week.

The spring art sales got off to a solid start at Christie's on Tuesday, with works by Cezanne and Matisse each selling for $19 million (11 million pounds) as the auction house moved $117 million worth of Impressionist and modern art.