IBT Staff Reporter

Samsung Electronics filed its own U.S. lawsuit against Apple, accusing the iPad maker of infringing 10 patents in an escalation of the dispute over tablet and mobile technology.

More than 1 million customers are without electricity in Southern states on Thursday in the wake of devastating storms with tornadoes which have officially killed 305 people, mostly in Alabama.

Apart from the murmur of voices and bursts of laughter, nothing was heard on Thursday from 12 jurors studying the evidence in hedge fund manager Raj Rajaratnam's high-profile insider trading trial.

Mobile privacy safeguards should also extend to third-party application developers, two lawmakers said after reviewing the practices of four major U.S. wireless carriers.

Quarterback Cam Newton has been selected by the Carolina Panthers as the No.1 pick in the 2011 NFL draft.

The death toll in the South continued to rise to nearly 300 Thursday evening after massive storms with tornadoes ripped through the region a day earlier and first responders continued to search for survivors, with about two-thirds of the victims coming from Alabama.

Chrysler Group LLC, which came to the brink of collapse before a federal bailout in 2009, plans to fully repay more than $7 billion in loans from the U.S. and Canadian governments by the end of June.

Verizon Wireless said it has fixed problems with its high-speed U.S. wireless network that left customers unable to connect for about a day.

Research in Motion cut its quarterly earnings and revenue forecasts, expecting to ship fewer BlackBerry smartphones.

Former SAC Capital Advisors LP analyst Jonathan Hollander reached a settlement with U.S. securities regulators over allegations he engaged in insider trading in his personal account, while working at Steven A. Cohen's $12 billion hedge fund.

Tornadoes and thunderstorms, termed catastrophic by U.S. President Barack Obama, that swept across the southern United States the past few days, left a trail of death and destruction - properties worth millions of dollars were damaged, nearly 300 people are dead and hundreds of thousands injured.

Microsoft Corp reported a dip in quarterly sales of its core Windows operating system, mirroring a recent downturn in personal computers and sending its shares down slightly.

Research In Motion stunned investors with a steep downward revision of its current quarter forecasts on Thursday, sending its stock spinning lower even as it promised a turnaround from a line-up of new BlackBerry smartphones it will unveil next week.

The highly anticipated 2011 NFL Draft is here! It’s 8:00 p.m. EDT April 28 for the first round, 6:00 p.m. EDT April 29 for the second and third, and 12:00 p.m. EDT April 30 for fourth through seventh round. The event will be held at Radio City Music Hall in New York.

Rev. Franklin Graham's comments on President Barack Obama's birth certificate, views on presidential politics and his charge that the Muslim Brotherhood has influence in U.S. State Department and military have come into the spotlight this week.

Ancestry.com Inc reported quarterly results above market consensus helped by strong subscriber additions, and raised its full-year revenue outlook, sending its shares up 16 percent in extended trading.

General Motors Co Chief Executive Dan Akerson said the company has not been greatly affected by supply disruptions due to the March earthquake in Japan, and the company wants to repay U.S. taxpayers before making acquisitions or declaring a dividend.

Billionaire hedge fund manager Philip Falcone recently gave investors more information about three U.S. government investigations into his Harbinger Capital Partners fund firm.

The Royal Wedding of Prince William & Catherine Middleton will take place tomorrow in April 29, 2011 at 06:00am EDT. There is plenty of anticipation growing over the event, with media coverage increasing on a daily basis. The event could end up being the most watched event in history.

According to one researcher, the recent breach of Sony's PlayStation Network may have ripple effects on regulatory control of consumers' personal information.

American International Group Inc sued two money management firms on Thursday in the start of a fight to recoup billions of dollars the bailed-out insurer said it lost due to fraud.

Bondholders fighting for control of Lehman Brothers Holdings Inc's repayment plan have amended a proposal for the company's restructuring that would provide them a slightly higher recovery.

Research In Motion cuts its earnings outlook for the current quarter on Thursday, saying it expects to ship fewer BlackBerry smartphones but maintained its robust full-year guidance.

The Dow Jones transports closed at an all-time high on Thursday, leading U.S. stocks higher and signaling more gains due to its role as a touchstone of economic demand.

Research In Motion slashed its earnings outlook for the current quarter by 11 percent on Thursday, saying it expects to ship fewer and cheaper BlackBerry smartphones.

Shareholders ratcheted up pressure on NYSE Euronext to wrangle a better takeover deal than the one it has with Deutsche Boerse by using a rival bid to its advantage.

Worry not, folks. We didn't receive an invite to the Royal Wedding either. That doesn't mean we cannot watch Prince William tie the knot with his princess to be Kate Middleton

NASA awards HP a contract to create desktop services and related devices for the space agency’s secure collaboration initiative.

Three workers for Foxconn, which makes components for the iPhone and iPad, were arrested for allegedly leaking the iPad design.