IBT Staff Reporter

Apple Inc's Korean unit has paid compensation to a user of its popular iPhone after collecting location data without consent, lawyers and court officials said, the first payout by the company over these complaints.

Jul 14, 2011

China posted a fiscal surplus of 1.25 trillion yuan ($193.3 billion) in the first half of the year as steady economic growth and rising prices lifted government revenues, the Ministry of Finance said on Thursday.

Jul 14, 2011

Climate scientists have turned to the United States and Australian navies to deploy robotic measuring devices in the Indian Ocean where pirates have made the area too dangerous for researchers.

Jul 14, 2011

Stock index futures were little changed on Thursday ahead of earnings from JPMorgan, the first big bank to report its quarterly scorecard as investors look for signs of weakness after a slowdown in the economy.

Jul 14, 2011

Swedish regulators have raided leading local bourse operator Nasdaq OMX Group in a competition probe sparked by a complaint from a small local rival, officials said on Thursday.

Jul 14, 2011

R.E.M.’s front man Michael Stipe delivered a snippet of the band’s ‘Man on the Moon’ for the crew of Space Shuttle ‘Atlantis’ on Thursday morning to mark the closure of the space shuttle program.

Jul 14, 2011

The Pyrenees battle begins for the GC contenders in the Tour de France. GC favorites Alberto Contador (Saxo Bank), Andy Schleck (Leopard-Trek), and Cadel Evans (BMC) will vie for supremacy on the Col de Tourmalet and the final climb to Luz-Ardiden.

Jul 14, 2011

Its Japanese developers call it the Futuristic Circular Flying Object and it's designed to go where humans can't.

Jul 14, 2011

Porn mogul James Jim Lloyd Mitchell’s son James Raphael Mitchell has been convicted of first degree murder of his ex-girlfriend in California.

Jul 14, 2011

The last movie in the franchise has lived up to expectations and is one of the best of the series.

Jul 14, 2011

Australia's government may review media laws in the wake of the phone hacking scandal at Rupert Murdoch's British paper the News of the World, Prime Minister Julia Gillard said on Thursday, as an influential party demanded a probe into media ownership and regulation.

Jul 14, 2011

UBS is set to cut around 5,000 jobs to save 1 billion Swiss francs ($1.20 billion) while rival Credit Suisse is planning to axe about 1,000 staff, Swiss newspapers reported on Thursday.

Jul 14, 2011

The Netflix price hike has seen an outpouring of outrage by irate users complaining about the 60 percent price rise in video service, but Forbes reports how it’s a boon to the subscribers.

Jul 14, 2011

Hugh Hefner Death rumors have proven that 2011 is the year of the hoax. Playboy giant Hugh Hefner's Twitter account was hacked into yesterday, with pranksters reporting that he had died of a heart attack.

Jul 14, 2011

Sony plans to launch a new line of upgraded digital book readers in the U.S. next month

Jul 14, 2011

Thousands of pro-democracy protesters in Egypt making Cairo's Tahrir Square their home until their demands of the thrown out of President Hosni Mubarak and removal of the military rules is met. There is high rage among protester over the merciless killing of those protesters who ousted Housni Mubarak.

Jul 14, 2011

On July 13th, dozens of arrests were made in Minsk during the latest round of silent protests against authorities in Belarus.The flash-mob-style demonstrations have already become regular events in Belarus, called by Revolution Through the Social Networks, a grass-roots movements that claims thousands of supporters nationwide.

Jul 14, 2011

Oprah Winfrey will take over as the new CEO of OWN, the cable channel announced on Wednesday.

Jul 14, 2011

South American giants Brazil got their Copa America campaign on track after sealing an entertaining 4-2 victory over Ecuador to progress to the quarterfinals as group winners.

Jul 14, 2011

A new variant of the Zeus Trojan spyware application,Zitmo,that targets Andoid smartphones has been detected.

Jul 14, 2011

President Barack Obama clashed with Republican lawmakers on Wednesday in a fierce White House meeting on deficit reduction that left a deal in question as the clock ticked toward a debt default.

Jul 14, 2011

The extreme heat wave isn't just an American thing.Here is a world tour of heat waves.

Jul 14, 2011

Google Inc's profit margins and its newly released social networking service will be in the investor spotlight when the Internet company reports its quarterly results after Thursday's market close.

Jul 14, 2011

When JPMorgan Chase & Co reports second-quarter results on Thursday, Wall Street will care more about its forecasts than its earnings, looking for clues on the direction of the U.S. lending business.

Jul 14, 2011

Netflix Inc's hefty price increase provoked an unprecedented outpouring of outrage on the Internet, but Wall Street cautiously welcomed the move, sending its shares up nearly 3 percent on Wednesday.

Jul 14, 2011

Japanese Finance Minister Yoshihiko Noda warned on Thursday that recent yen strength does not reflect economic fundamentals, escalating a verbal campaign to cool the rising yen although traders saw little immediate chance that authorities would intervene directly in the market.

Jul 13, 2011

Some experts have said that chronically obese children should be taken away from their parents, read the Journal of the American Medical Association as poor caretaking is only one risk factor for childhood obesity. And a question arises: Should the government step in and take these children from their homes or is this akin to banning circumcision in California?

Jul 13, 2011

Chain restaurants are getting on a health kick after growing fears of childhood obesity across America, but particularly in the South.

Jul 13, 2011

A California woman learned the hard that cutting husband’s penis off with a kitchen knife will get you charged with torture. The Orange County District Attorney’s Office said in a written statement that Kieu tied her sleeping husband to a bed with nylon ropes and sliced off his penis.

Jul 13, 2011