IBT Staff Reporter

The Tennessee Valley Authority has shut down its undamaged Browns Ferry nuclear power plant in northern Alabama, cooling its reactors after power transmission lines into the plant were knocked out by severe storms in the state.

CoStar Group Inc. is acquiring LoopNet.com, an online commercial real estate marketplace, in a transaction valued at $860 million.

Microsoft Corp is expected to report an 18 percent jump in quarterly profit, as its reliable Windows and Office franchises keep growing.

Sony attempts to address concerns that the credit card information of its users was compromised in a hacking attack.

A trio of tiny satellites and an ancient artifact are among the items that will travel to space with the final mission of the space shuttle Endeavour.

Sprint Nextel's first-quarter revenue was higher than expected as the company tacked on a new fee for smartphone customers, sending its shares up more than 3 percent.

Sprint Nextel's first-quarter revenue was higher than expected as customers spent more on data services, sending its shares up about 4 percent in early trade.

Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.

Samsung launched its Galaxy S2 smartphone in Seoul, South Korea onThursday, April 28. The Samsung's latest Android flagship device will also launch in 120other countries starting from early May through about 140 mobileoperators worldwide.The Galaxy S2 was officially announced during MWC 2011.

Exxon Mobil Corp and Royal Dutch Shell Plc posted steep jumps in first-quarter profits and beat analysts' forecasts, helped by high oil prices and buoyant refining margins.

U.S. stocks edged up on Thursday, erasing early losses as investors brushed off disappointing economic data and bet on a further rally in equities.

U.S. GDP growth fell to 1.8 percent annual rate in the first quarter of 2011 after a 3.1 percent fourth quarter rise, the Commerce Department said on Thursday. Economists had expected a 2 percent growth pace.

EBay Inc's efforts to make its marketplaces more appealing to online shoppers paid off in the first quarter as more people bought items on its auction site, and its PayPal payment system was used by more merchants.

Bristol-Myers Squibb Co's first-quarter results beat expectations, bolstered by the weaker dollar and demand for its drugs to treat cancer, rheumatoid arthritis and hepatitis B.

Gold Investing prices extended last night's strong gains on Thursday, hitting fresh all-time highs at $1534 per ounce as new US data showed inflation accelerating sharply.

Wall Street was set for a lower open on Thursday after a report showed the U.S. economy grew less than expected in the first quarter and a number of companies pointed to rising costs.

Two days before the most anticipated wedding of the year, Prince William and Kate Middleton rehearsed their wedding one final time.

Starwood Hotels & Resorts and Host Hotels & Resorts said they had more guests in the first quarter as a gradual economic recovery sent more workers back on the road to do business.

Wall Street edged lower on Thursday after data showed the U.S. economy grew less than expected in the first quarter and a number of companies pointed to rising costs, but the Nasdaq remained close to its 10-year high reached in the previous session.

Alabama officials have declared an emergency at a nuclear power plant in the northern part of the state and have started shutting it down in the aftermath of severe storms and tornadoes that have pounded the state.

Every year thousands of Hindus from Pakistan and India gather to attend a four-day ritual at the Hinglaj Mata Temple in Balochistan.

U.S. cryde prices pared gains on Thursday as weaker-than-expected economic growth in the world's top economy partly offset a sliding dollar and signs of lower North Sea supplies.

Full Text of the class action complaint against Sony, filed in response to a massive security breach.

Famed PlayStation hacker George Hotz may have settled his case with Sony, but that hasn't quelled speculation that Hotz himself was behind the recent hack that swiped the user data of Sony's 70 million PlayStation Network subscribers.

Kate Middleton has become a new icon as luxurious and refined fashionista. The world is now giving attention to her fashion sense for the best day of her life.

A group of Facebook shareholders is seeking to offload $1 billion worth of shares on the secondary market, a sale that would value the company at more than $70 billion, according to five sources with direct knowledge of the situation.

A woman who accused American Apparel Inc Chief Executive Dov Charney of keeping her as a teenage sex slave is now suing him and his clothing retailer for defamation and invasion of privacy.

Colgate-Palmolive Co posted a drop in first-quarter profit before one-time items on Thursday as higher materials costs cut into margins.

Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.