IBT Staff Reporter

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Amazon says e-books now outselling paper books

Amazon.com Inc said on Thursday that it now sells more digital e-books than paper books and that its recently introduced lower-priced Kindle e-reader is outselling other versions of the device.

Data suggest second-quarter GDP may disappoint

Weak data on U.S. home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labor market's recovery was on track.

Fed's Evans says no need to alter easy money policy yet

The U.S. economy is on a firmer footing after a deep and lengthy recession, but still-high unemployment is keeping inflation under wraps and continues to warrant ongoing support from the Federal Reserve's ultra-easy money policy, a top Fed official said on Thursday.

Epic Collapse: Bye-Bye Sharks? Or can they recover?

The San Jose Sharks imploded on Wednesday night, heading towards playoff purgatory for yet another season, now in a 0-2 hole against the Vancouver Canucks. Is this the last we will see of the Sharks or can they recover after yet another third period collapse?

BlackRock buys back more shares from BofA

BlackRock Inc said on Thursday that it was buying back all of its shares owned by Bank of America , ending a long-term ownership relationship that helped BlackRock to grow into one of the world's biggest asset managers.

Google fixes Android data security leak faster than a speeding bullet

It has only been a few days since the potential security flaw that affects 99% of Android devices was discovered, but Google has already announced a fix will start rolling out as soon as today. The flaw could potentially allow hackers to access users' phone data, calendar, and contact apps through an open Wi-Fi network.

Online ad growth sparks rush for Yandex IPO

Russia's Yandex is set to complete the biggest internet IPO since Google, as investors wary of much-hyped social networks look instead for exposure to the fast-growing online advertising market.

Glencore's record IPO makes muted debut

Commodities trader Glencore made a lukewarm market debut on Thursday that handed it currency for future acquisitions, with its shares struggling to break much above its widely expected launch price of 530 pence.

Verizon to offer family data plans

Verizon Wireless will offer family plans for data services supporting multiple devices including smartphones and tablet computers, according to a top executive of parent company Verizon Communications.

Cornel West Calls Obama 'Black Mascot,' 'Black Puppet'

Cornel West, the Princeton Professor who strongly supported President Barack Obama on the campaign trail in 2008, has already previously expressed his disillusionment with what he says is the Obama administration's neglect of the poor and working class people in the United States while supporting the leaders of the nation's financial system.

RadioShack's Ride through Tour of California [Slideshow]

Though Team RadioShack's legendary star Lance Armstrong went into retirement earlier this year, the team has still been a strong presence halfway through the 2011 Amgen Tour of California. Team co-leaders Chris Horner and Levi Leipheimer, a Bay Area resident, are 1-2 in the general classification standings.

RadioShack's Ride through Tour of California [Slideshow]

Though Team RadioShack's legendary star Lance Armstrong went into retirement earlier this year, the team has still been a strong presence halfway through the 2011 Amgen Tour of California. Team co-leaders Chris Horner and Levi Leipheimer, a Bay Area resident, are 1-2 in the general classification standings.

Alcatel CEO looks to future growth

Chief Executive Ben Verwaayen is preparing the next stage of telecom equipment maker Alcatel-Lucent's development armed with a refreshed product portfolio and a slimmer cost structure.

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