IBT Staff Reporter

The joint owners of Hulu, said they have decided against a sale of the popular online video service amid rumors that the bids received were lower than they were willing to accept.

Apple Inc rolled out its new iCloud service and latest mobile software to a chorus of user complaints this week, after glitches led to email access problems and long delays in installation.

A rash of cyber security breaches at U.S. public companies and an outcry from federal lawmakers has prompted U.S. securities regulators to issue guidance for when companies must disclose cyber attacks to investors.

Fast Retailing Co Ltd's <9983.T> Uniqlo is launching its U.S. expansion this week with the opening of a flagship store in Manhattan that will anchor a global push to rely less on its home market of Japan.

A U.S. judge said Samsung Electronic's Galaxy tablets infringe Apple Inc's iPad patents, but also that Apple has a problem establishing the validity of its patents.

Forest Laboratories Inc is looking more at earlier-stage products to acquire rather than more advanced ones because it feels confident it can weather the patent expirations of its two biggest medicines, the drugmaker's finance chief said on Thursday.

In a sign of possible progress in bipartisan U.S. deficit talks, Republicans seem more flexible on corporate taxes, a change that could help the congressional super committee chart the country's path back to fiscal health.

Recent Federal Reserve moves aimed at bolstering a slow but intact recovery reduce the central bank's credibility and ultimately its ability to keep inflation in check and unemployment low, a top Fed official said on Thursday.

Google Inc's results trounced Wall Street expectations with the help of strong advertising sales and deft cost controls, driving its shares roughly 6 percent higher.

An overseas corporate profit repatriation tax holiday could boost consumption and U.S. tax revenues even if companies decide to return cash to shareholders, according to a new study published on Thursday.

Research In Motion's co-CEOs have apologized to millions of BlackBerry customers for a four-day outage that has tarnished RIM's image and set back its drive to catch up with Apple and other smartphone rivals.

Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insider-trading case but far less than prosecutors sought.

JPMorgan Chase & Co's quarterly earnings fell 25 percent, excluding an accounting gain, as European financial turmoil reduced demand for securities underwriting and acquisition advice.

Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insider-trading case but far less than prosecutors sought.

- Oshkosh Corp has been a rare lifeline for the beleaguered United Auto Workers, one of the few American manufacturers to have added significantly to its ranks of well-paid union workers in a brutal decade for factory hands.

Northrop Grumman Corp on Thursday pulled out of the 2012 international air show in Farnborough, England, a dramatic move underscoring the company's drive to cut costs as it prepares for leaner times in the global defense market.

Apple Inc's iPhone 4S finally went on sale in stores around the globe on Friday, with fans snapping up the final gadget unveiled during Steve Jobs' lifetime, many buying the phone as a tribute to the former Apple boss.

Swedish startup Rebtel, the second largest mobile Internet telephony firm after Skype, expects sales to surge next year based on strong initial demand for its new application combining Internet calls and traditional calling.

Fitch Ratings downgraded UBS AG on Thursday and placed seven other U.S. and European banks on credit watch negative, citing challenges in the economy and financial markets, as well as the impact of new regulations.

Following are upcoming events linked to the debt crisis in the euro zone:

Swedish startup Rebtel, the second largest mobile Internet telephony firm after Skype, expects sales to surge next year based on strong initial demand for its new application combining Internet calls and traditional calling.

Reports that Sony could take control of Sony Ericsson are likely to overshadow the handset maker's third-quarter results on Friday, when it is expected to show that a beefed-up smartphone line helped it to make a small profit.

Spotify, the European music streaming service backed by digital entrepreneur Sean Parker, has more than 250,000 paying users in the United States since it opened up shop in July, according to three people familiar with its data.

Google Inc's third-quarter results trounced Wall Street expectations as good cost controls helped boost the Internet search leader's profit by about 26 percent.

The Dow and S&P 500 slipped on Thursday after JPMorgan's earnings and China's soft trade data revived worries about the impact of slower growth on profits.

MetroPCS Communications Inc sees itself as uniquely positioned to forge a spectrum deal with Clearwire Corp .

A Chinese Internet regulator on Thursday called for stricter policing of the nation's microblogs while also encouraging officials to use them to engage with citizens, state news agency Xinhua reported.

Fitch Ratings placed Bank of America Corp , Morgan Stanley and Goldman Sachs Group Inc on review for possible downgrades on Thursday.

Gap plans to focus on international expansion, closing stores in North America while opening them in Asia.