IBT Staff Reporter

EBay and its online payment unit, PayPal Inc, on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems.

Goldman Sachs Group's Whitehall Real Estate Funds restructured $1.42 billion of debt due April 2012 on one of its largest hotel portfolios, the Wall Street Journal reported, citing people familiar with the matter.

by Adam TempkinNEW YORK, May 26 - Increasingly aggressive property appraisals, so-called incentive management fees for hotel properties, and the limited return of pro forma underwriting are among the troubling trends that Standard & Poor's cites as red flags in the quickly evolving revival of the commercial mortgage-backed security market.

Lee DeWyze, last year's American Idol winner, refused to hand out what he said was a next-to-last minute request to hand out the winner's trophy to this year's winner Scotty McCreery, a move made the show's producer very upset.

Billionaire shipping tycoon John Fredriksen said a U.S. lawsuit against his oil trading companies may be a bid to extract revenge for BP's oil spill last year by targeting former BP traders who now work for him.

A strong storm has already killed three people in metro area of Atlanta.

Laura Ingraham responded to a controversy involving fellow radio commentator Ed Schultz' controversial comments calling her a derogatory name during his radio program on Monday and a subsequent apology following his suspension.

According to a new study funded by U.S National Institutes of Health (NIH), around 20 per cent of U.S young adults are suffering from high blood pressure.

According to Google website, Google Wallet is designed and engineered to enable safe payments, going beyond the security level of traditional wallets and cards.

San Francisco Giants' head trainer Dave Groeschner elaborated on Buster Posey's condition in a press conference after the reigning NL Rookie of the Year received three MRIs on his lower leg and ankle.

The International Monetary Fund could withhold the next slice of aid to Greece due next month, the head of euro zone finance ministers said on Thursday, spooking markets with the possibility of default.

Citigroup Inc on Thursday sought to dismiss an effort by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was teetering on bankruptcy in the fall of 2008.

Two oil traders and their trading firms, already facing regulatory charges of alleged manipulation in the market for crude oil futures, were sued Thursday by a derivatives trader who claims he was harmed by their activities.

Microsoft Corp's board stood behind Chief Executive Officer Steve Ballmer on Thursday, defending its longtime leader after influential hedge fund manager David Einhorn touched off a debate by calling for his dismissal.

Sony admitted today that the names, e-mail, and passwords of Sony Ericsson Canada website users has been stolen by the hackers.

Ryan Hamil, a three year-old boy missing in Oklahoma since Tuesday after a tornado ripped him and his brother from their mothers' side, was found dead Thursday as his father expressed deep anguish amid a large loss of life across the MidWest due to numerous tornadoes in recent weeks.

Analog chipmaker Skyworks Solutions has agreed to buy smaller rival Advanced Analogic Technologies for a deal valued at $258.6 million in cash and stock.

The devastating injury of San Francisco Giants catcher Buster Posey is a huge blow to the Giants' starting lineup. Posey, the reigning NL Rookie of the Year, was the Giants cleanup hitter and will be difficult to replace.

After Miami's 101-93 OT win last night, the Heat have wrestled control of the series by taking a 3-1 lead before heading back to Chicago. Derrick Rose missed a potential game winning shot as time expired in regular time.

New American Idol champion Scotty McCreery hit No.1 on the iTunes single charts on Thursday, as Fox television reported a 21 percent surge in viewers for the all country music finale of the long-running singing contest.

2011 NBA Playoff Prediction Sees The Miami Heat Finishing Off the Chicago Bulls in Game 5 of the Eastern Conference Finals.

The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.

Lockheed Martin Corp, the Pentagon's No. 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, two sources familiar with the issue said on Thursday.

Shares of Freescale Semiconductor Holdings rose in their stock market debut on Thursday, but the value of the chipmaker remains far below the price that buyout firms paid for it at the height of the last credit boom.

Members of the House Judiciary Committee said they were skeptical that AT&T's planned acquisition of T-Mobile would benefit consumers, and that they feared it would mean higher prices for wireless service.

Mean Girls star Lindsay Lohan, who was previously sentenced to 120 days in jail and 480 hours of community service for stealing a $2,500 jewelry from a swanky jeweler, has been put under house arrest.

Lance Armstrong, the seven time winner of the Tour de France, recently hired two new lawyers to join his high-powered defense team, which already includes prominent lawyers Mark Fabiani and Bryan Daly. Armstrong is in the midst of a federal doping investigation.

Radio host Laura Ingraham responded on her Facebook page on Wednesday after fellow talk show host Ed Schultzmade controversial comments calling her a derogatory name during his radio program on Monday.

Google introduced its NFC contactless payment platform, Google Wallet at an event in NYC. Here's a look at some of the photos of the event.