IBT Staff Reporter

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Janet Jackson puts new face on weight loss

It's no secret that Janet Jackson has battled weight issues her entire life, but what her fans may not know is that even when the singer is on tour, sweating every night, she still has problems staying slim.

Market gains as data overshadows IMF warning

Stocks rose on Thursday as signs of strength in the economy and higher-than-expected profit at FedEx outweighed a stark warning from the IMF about inaction over Europe's debt crisis.

Morgan Stanley to cut 1,600 jobs

Morgan Stanley, the only large Wall Street bank to avoid major job cuts this year, said on Thursday that it would fire 1,600 employees in the first quarter to cut costs as trading and banking revenue show few signs of recovering.

Rick Perry 2012: What Are His Positions?

Though he continues to lag in national polls, Rick Perry is launching a massive comeback effort in Iowa, which will hold the nation's first caucuses on Jan. 3. Here is an overview of his positions.

Amazon selling over 1 million Kindles a week

Amazon.com Inc said on Thursday it is selling more than one million Kindle devices a week, an unusual disclosure from the largest Internet retailer that comes in the wake of some negative reviews of its new Kindle Fire tablet.

U.S. Resilient, Europe Debt Woes Touch Asia

An improvement in the U.S. employment picture last week and a rise in regional factory activity suggested an emerging divide between resiliency in the U.S. economy and faltering growth in Europe and Asia.

Southwest out to re-widen its cost advantage

Southwest Airlines Co is focused on eliminating waste and inefficiencies in its operation to bring down costs and re-widen the cost advantage it has against larger rivals, Chief Executive Gary Kelly said on Thursday.

ECB chief says euro zone on right track

Europe's top central banker said on Thursday that euro zone governments are on the right track to restore market confidence but reminded them that an emergency program to buy their bonds was neither eternal nor infinite.

Glam Media moves closer to IPO, filing seen in Q2

Glam Media, the women's lifestyle online publishing and advertising company, is close to selecting bankers to lead an initial stock offering slated for 2012, according to people familiar with the matter.

Amazon Kindle Sales Top 1 Million a Week for Last Three Weeks

The Seattle-based online retailer announced Thursday that customers have been purchasing Kindle products at the rate of more than one million a week for the past three weeks, with its Kindle Fire the best selling product on its Web site since the product was released in late September.

Wall Street edges up on economy

Signs of strength in the labor market and manufacturing sector, as well as higher quarterly profit from FedEx, pushed U.S. stocks slightly higher on Thursday, but the mood was fragile as investors kept their eyes on Europe's festering debt crisis.

ECB's Draghi warns of impact of tough capital rules

European Central Bank President Mario Draghi urged banking authorities on Thursday to ensure that tougher capital rules do not lead to a credit crunch, acknowledging for the first time that tighter regulation could hurt fragile economic growth.

Jobless claims at 3.5 year low, factories mixed

The number of Americans filing new claims for jobless benefits dropped to a 3-1/2-year low last week, suggesting a weak U.S. economy is gradually improving even though factory data proved more mixed.

Verizon Samsung Galaxy Nexus Unleashed Today: Where and How to Buy

The most wanted Android smartphone, Samsung Galaxy Nexus, which runs on Android 4.0 (Ice Cream Sandwich), will finally hit Verizon Wireless stores on Thursday (Dec. 15) and will sell for $299.99 with a two-year contract. The Verizon version of Samsung Galaxy Nexus will be available in Verizon stores across the US and online starting from 1 a.m. EST.

France gets four bids in 4G auction

France's telecoms regulator has received bids from all of the country's major operators for a second batch of higher-quality fourth-generation mobile licenses and will choose winners in the coming weeks.

Europe's economic and debt woes touch Asia

The pace of decline in the euro zone private sector eased unexpectedly in December, but the global toll of the region's sovereign debt crisis became clearer on Thursday with news of falling investment and factory activity in China.

Wall Street set to bounce back on stronger data

Wall Street stocks were set to rise at the open on Thursday as stronger labor market and manufacturing data lifted sentiment after three days of losses, while higher quarterly profit from FedEx also boosted equity futures.

Verizon Samsung Galaxy Hits U.S. Dec. 15: Important Things You Should Know

The highly anticipated Samsung Galaxy Nexus will finally hits the U.S. market as Verizon Wireless announced Wednesday that the first 4G smartphone to run on Android 4.0 will go on sale Dec. 15. The smartphone is priced $299.99 with a new two-year Verizon contract and will be available in stores and online.

ABB to power Facebook data center in Arctic Circle

Swiss engineer ABB has won an $11 million contract to power Facebook's first data centre outside the United States, covering an area in the Arctic Circle equivalent to 11 soccer pitches, it said on Thursday.

Spain looks safer than Italy as borrowing costs fall

Spain saw solid demand for its bonds on Thursday, paying more than 2 percentage points less to borrow over 5-years than Italy a day earlier as budget cuts helped ease concerns it could be among the next to fall in the euro zone's debt crisis.

Top iPad 3 Rumors Roundup: 2012 Release Date, A6 Processor and Other Features (PHOTOS)

Rumor mill has been buzzing about the next generation iPad, dubbed iPad 3, especially about its release date and specs. Apple has not yet announced the release date of iPad 3, which is not surprising because the company is famous for its secrecy. But the question remains - will the new iPad be able to defend its turf and fend off challenges from its formidable rivals?

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