IBT Staff Reporter

Clearwire Corp said its 2012 revenue may fall, or at best remain at 2011 levels, as it faces increased competition at its biggest customer, Sprint Nextel , sending its shares down nearly 9 percent in after hours trade.

Three former executives of Japan's disgraced Olympus Corp face possible arrest this week over their role in a $1.7 billion accounting fraud at the maker of medical equipment and cameras, Japanese media said on Thursday.

Nvidia Corp warned that delays in ramping up new manufacturing technology and a struggling PC industry are impacting its business; the chipmaker also scaled back its outlook for growth in its smartphone and tablet business.

Apple Inc has asked a bankruptcy court for permission to sue Eastman Kodak, accusing it of infringing its patents.

Three former executives of Japan's disgraced Olympus Corp face possible arrest this week over their role in a $1.7 billion accounting fraud at the maker of medical equipment and cameras, Japanese media said on Thursday.

Wal-Mart Stores Inc's turnaround appears to be gaining traction as simple strategies like undercutting competitors by a penny on a gallon of milk are helping to restore its image as the go-to retailer for budget-conscious Americans.

World Bank President Robert Zoellick said on Wednesday he will step down in June and Washington pledged to name a replacement candidate within weeks for a job that has always gone to an American.

Data storage equipment maker NetApp Inc reported results in line with Wall Street projections, news that sent its shares surging nearly 8 percent in relief after disappointing results in past quarters.

Clearwire Corp said its 2012 revenue may fall, or at best remain at 2011 levels, as it faces increased competition at its biggest customer Sprint Nextel, sending its shares down more than 5 percent in late trade.

Nvidia Corp's forecast for first-quarter revenue fell short of Wall Street expectations as the chipmaker wrestles with a tepid personal computer market and more competition in smartphones and tablets, sending its shares down sharply after hours.

Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp's mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case.

Greece expressed hope it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.

Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.

Kellogg Co agreed to buy Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc in the global snack food market.

Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.

General Electric Co believes China's economy, a key source of revenue growth for the largest U.S. conglomerate, will slow this year but not substantially below 8 percent, said the executive who runs the company's international operations.

Under pressure from U.S. legislators, Apple Inc moved Wednesday to quell a swelling privacy controversy by saying that it will begin to require iPhone and iPad apps to seek explicit approval in separate user prompts before accessing users' address book data.

The companies argue that the shareholder votes would meddle into routine company business.

Vilified from the presidential pulpit, an occupied Wall Street and even the Republican presidential campaign, one of the ultimate symbols of indulgence -- the private jet -- appears poised for a rebound.

U.S. manufacturing output rose in January and a gauge of factory activity in New York state hit a 1-1/2-year high in February, showing a solid underpinning for the economic recovery.

Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.

Greek party leaders have met the final two demands set by the country's international lenders to seal a bailout, paving the way for a deal and an agreement to ease its debt burden to be announced on Monday, Finance Minister Evangelos Venizelos said.

U.S. legislators on Wednesday sought more information from Apple Inc regarding its privacy policies, pulling the iPhone manufacturer into a swelling controversy over how developers on its popular iOS mobile platform have been able to access users' private address book data.

Telemarketers will have to get written consent before placing automated calls to consumers under new rules U.S. communications regulators voted to adopt on Wednesday.

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

Stocks gave up gains on Wednesday as the S&P 500 hit a technical barrier near a nine-month high and Apple shares erased a 3 percent advance.