IBT Staff Reporter

Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned of its first ever operating loss this year.

Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned of its first ever operating loss this year.

The broad asset rally which the U.S. Federal Reserve inspired by pledging to keep rates low decelerated on Friday as investors awaited the outcome of Greek debt talks and U.S. gross domestic product data.

Oshkosh Corp and activist investor Carl Icahn square off at the U.S. truckmaker's annual meeting on Friday, when shareholders vote on the billionaire's proposed slate of six directors.

Airbus blamed a combination of manufacturing and design flaws for wing cracks on its A380 superjumbo but said it had found a simple solution to the problem, easing concerns among analysts who had feared the issue could dog the European plane-maker.

A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill.

Investors in Apple Inc have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia.

Facebook and the state of Washington sued a company on Thursday they accused of a practice called clickjacking that fools users of the world's top social network into visiting advertising sites, divulging personal information and spreading the scam to friends.

Ford Motor Co is poised to report its biggest annual profit in 13 years on Friday after an accounting change that signals the No. 2 U.S. automaker's belief it can remain profitable.

Mobile phone maker Motorola Mobility Inc posted a fourth quarter loss on weak revenue on Thursday in what could be its last report before a planned takeover by Google Inc.

A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.

Ener1 Inc , which received a $118.5 million Department of Energy grant to make lithium-ion and other batteries for electric cars, filed for bankruptcy protection amid heavy competition and after the demise of a large customer.

The Republican presidential candidates are gathered in Jacksonville, Fla., tonight for their last debate before the Florida primary on Tuesday. The International Business Times will be live-blogging throughout the evening.

Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, aided by its best-ever sales of smartphones, and hiked 2012 capital investment 9 percent to 25 trillion won ($22 billion) to boost chips and flat-screen production.

A leading U.S. lawmaker on online privacy issues said Thursday he would ask for a probe into whether recently announced changes in how Google handles consumer data violated an agreement with the Federal Trade Commission.

Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, aided by its best-ever sales of smartphones and one-off gains.

Starbucks Corp's reported a quarterly profit that topped Wall Street's view after global economic worries failed to weaken demand for drinks and other products from the world's biggest coffee chain.

Motorola Mobility Inc posted a quarterly loss after it warned earlier this month that it was having a tough time competing in the smartphone market amid intense competition from rivals such as the Apple Inc iPhone.

Security software maker McAfee rejected a claim that several large corporate customers had recently switched over to using products from rival Symantec Corp.

Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks.

A Suffolk University poll released late Wednesday showed Mitt Romney with a major advantage over Newt Gingrich in the general election, undermining the idea coming out of South Carolina that Gingrich is more electable against Barack Obama.

A New Zealand court granted bail on Thursday to two associates of the founder of online file-sharing website Megaupload, accused of being involved in a scheme that allegedly made more than $175 million from Internet piracy and illegal file sharing.

Caterpillar Inc reported a 58 percent rise in quarterly earnings that blew away Wall Street expectations on record sales of construction and mining equipment, and projected strong growth for 2012.

In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe.

Slowing growth in China is emerging as a concern in some of this quarter's earnings reports from U.S. multinationals that have long relied on strong growth in China and other emerging markets to drive their profits.

A month-long rally on Wall Street appears to be sputtering as stocks slipped on Thursday in what investors called a possible warning of weakness ahead.

New orders for manufactured goods rose in December and a gauge of future business investment rebounded, showing the economy ended the year with more momentum than previously thought.

Wal-Mart Stores Inc plans to start selling a new single-serve beverage maker, according to an analyst report on Thursday, sending shares of rival coffee system maker Green Mountain Coffee Roasters Inc down more than 4 percent.

Newt Gingrich and Mitt Romney are in a dead heat in Florida. Charles Zelden, a historian at Nova Southeastern University in Fort Lauderdale, Fla., and an expert on elections, outlined who has the edge and what factors will determine the outcome of next Tuesday's primary.