IBT Staff Reporter

Apple Inc. denied that its iPhones are tracking the location of users, responding to criticism that it was using data to help tap the market for location-based services.

Apple Inc. denied that its iPhones are tracking the location of users, responding to criticism that it was using data to help tap the market for location-based services.

WellPoint Inc posted a quarterly profit far above analyst estimates, helped by health plan membership gains and lower-than-expected medical costs, and the insurer raised its full-year earnings outlook.

The following is a transcript of remarks by President Barack Obama on April 27, 2011 as delivered to reporters at the White House on the issue of his birth place, which he called a distraction from more important issues facing the nation. On Thursday, the White House released the long-form birth certificate obtained from State of Hawaii. A certification of live birth, which provided less information, was released in 2008, ahead of the election that year.

After almost eight years of absence from Hollywood, Arnold Schwarzenegger will return to the role of The Terminator in the new film which is currently being shopped around Hollywood studios, according to Deadline.

Nokia will axe 7,000 jobs and outsource its legacy Symbian activities to slash 1 billion euros ($1.46 billion) of costs as it struggles to compete in the fierce smartphone market.

Apple Inc. denied that its iPhones are tracking the location of users, responding to criticism that it was using data to help tap the market for location-based services.

President Barack Obama on Wednesday called for an end to distractions over his place of birth and released a long-form birth certificate which provides more detailed information about his birth.

Prices to Buy Gold rose but silver held flat in Asian and London trade on Wednesday, while the Dollar fell, European equities rose, but peripheral Eurozone debt sank to new record lows.

Forecast-beating results from big U.S. corporations and expectations of more of the same easy money policies from the Federal Reserve lifted index futures on Wednesday, with stocks set to run higher after the S&P 500 moved above a technical resistance level.

Brent crude oil edged above $124 a barrel Wednesday as support from a weaker dollar, ahead of a Federal Reserve statement expected to maintain loose monetary policy, countered rising U.S. inventories.

President Barack Obama obtained an exception from Hawaii's State Department of Health to release a copy of his long form birth certificate, publishing it on the White House web site.

The U.S. International Trade Commission is stepping into another legal battle over gadgets, this time between Nokia and Apple.

Apple announced today that the white iPhone 4 will be on store shelves tomorrow, April 28.

Sony PlayStation gamers expressed shock and disappointment on Wednesday at a massive data hack in which their names, addresses and credit-card details might have been stolen from the PlayStation Network.

President Barack Obama will announce a shift his top military and intelligence leadership ranks with on Thursday, as the nearing retirement of Defense Secretary Robert Gates will prompt a move to replace him with CIA Director Leon Panetta and fill Panetta's position with well-regarded General David Petraeus, the top military official in Afghanistan.

Boeing Co's first-quarter profit rose 13 percent, topping Wall Street expectations, and the company reaffirmed its full-year outlook that reflects an ongoing recovery in the commercial aerospace industry.

In the third edition of the El Classico marathon, Real Madrid host Barcelona in the Champions League semifinal in what promises to be an enthralling contest.

Standard and Poor's threatened to cut Japan's sovereign credit rating again, warning the huge cost of last month's devastating earthquake will hurt already weak public finances unless bickering politicians can agree to raise taxes.

U.S. stocks index futures rose on Wednesday as investors bet the Federal Reserve would indicate more of the same easy monetary policy and anticipated more forecast-beating earnings.

Portugal may get more leeway on its efforts to reduce the budget deficit under an EU/IMF bailout, a newspaper reported on Wednesday, after the prime minister vowed to protect the country from excessive austerity.

Sony Corp suffered a huge breach in its video game online network that allowed the theft of names, addresses and possibly credit card data belonging to 77 million user accounts, in one of the largest Internet security break-ins ever.

Nokia <NOK1V.HE>, the world's largest phone maker by volume, will lay off 4,000 people and outsource another 3,000 to Accenture <ACN.N> as part of a plan to slash annual spending by 1 billion euros ($1.46 billion).

Before the crucial Champions League El Classico semifinal between Real Madrid and Barcelona, Guardiola responded sharply to Mourinho's comments about his reaction to refereeing decision.

BP Plc reported a 2 percent drop in first-quarter profit, falling short of analysts' forecasts as the lingering effects of the oil spill frustrated Chief Executive Bob Dudley's attempts to turn around the oil major.

BP Plc reported a 2 percent drop in first-quarter profits, falling short of analysts' forecasts, as the lingering effects of the oil spill frustrated Chief Executive Bob Dudley's attempts to turn around the oil giant.

Telecoms gear maker Ericsson blasted past first-quarter core profit expectations thanks to surging mobile broadband sales and hopes to resolve Japan quake supply problems later this year.

High and mighty of India turn up for the funeral of Sathya Sai Baba, who was laid to rest with state honors at his ashram in Puttaparthi on Wednesday. Scroll down to see photos of the spiritual leader's departure:

World number two truck maker Volvo AB rolled out proof of surging market demand on Wednesday and reassured investors worried about cost pressures with forecast-beating profit margins.