IBT Staff Reporter

Korean electronics giant Samsung fired back at Apple's patent lawsuit, filing its own claim in South Korea, Germany and Japan.

Apple has completed work on an online music storage service and is set to launch it ahead of Google Inc, whose own music efforts have stalled, according to several people familiar with both companies' plans.

The yuan ended at a fresh record high on Friday as the central bank continued to allow the currency to rise to help fight imported inflation, but onshore traders remained convinced it would not resort to any one-off revaluation despite rumors overseas.

Verizon Communications Inc gained wireless subscribers with Apple Inc's iPhone, but the effect on its financials failed to impress investors, who sent its shares down 2.3 percent.

U.S. Sen. John McCain - a strong proponent of additional U.S. military action in Libya - visited rebels in the city of Benghazi on Friday, calling them his 'heroes.'

Online coupon service Groupon has hired a Google executive to be its new chief operating officer, as Google began rolling out a new service aimed directly at Groupon's thriving business.

Canon will likely report an 8 percent fall in first-quarter operating profit and lower its full-year forecast, reflecting the impact from Japan's devastating earthquake, the Nikkei newspaper reported on Friday.

Toyota Motor Corp <7203.T> said it could take until the end of the year before production has fully recovered to levels before the massive earthquake and tsunami on March 11 devastated Japan's northeast, disrupting the supply of key parts.

Army goes to Android to create tactical specific applications; which can communicate across a spectrum of devices.

Online coupon service Groupon has hired a Google executive to be its new chief operating officer, as Google began rolling out a new service aimed directly at Groupon's thriving business.

POSCO's <005490.KS> earnings might remain under pressure due to fragile demand and a jump in coking coal and iron ore prices after the world's No. 3 steelmaker missed expectations with a 36 percent fall in quarterly profit.

Striking truck drivers protested for a third day on Friday in Shanghai's main harbor district amid heavy police presence and signs the action has already started to curb exports from the world's busiest container port.

Toyota Motor Sales on Thursday said that it intends to conduct a voluntary Safety Recall of 300,000 sport utility vehicles in the United States to fix faulty airbag sensors.

Nissan Leaf he 100-percent electric, zero-emission was named 2011 World Car of the Year, edging out the BMW 5-Series and the Audi A8 for the top spot, the carmaker said in a statement.

POSCO <005490.KS>, the world's No. 3 steelmaker, reported a 36 percent fall in quarterly operating profit, missing forecasts, hit by high raw materials costs and low demand.

Samsung Electronics Co has filed patent lawsuits against Apple over the U.S. firm's iPhone and iPad in a tit-for-tat case after Apple claimed Samsung's smartphones and tablets slavishly copied its products.

The organic industry grew at a rate of nearly eight percent in 2010, bucking the current trend whereby flat is the new growth for many other segments of the economy, the Organic Trade Association (OTA) said.

The dollar hovered around three-year lows on Friday and looked set to come under further pressure next week, while a stronger yen weighed on Tokyo stocks in holiday-thinned Good Friday trade.

Law professor Larry E. Ribstein says the U.S. Supreme Court's 5-to-4 ruling in favor of corporate speech has sparked a furor among pundits and the public that has shown little signs of slowing down.

Apple's iPhones and Google's Android phones send back data about the locations of the users to the technology companies, the Wall Street Journal reported on Thursday.

The happiest countries and happiest U.S. states tend to have unusually high rates of suicide, a new research suggests.

After a mere 13 day delay, Japan re-opened schools in the tsunami-hit regions proving the country's resilience despite the widespread devastation caused by the 9.0-magnitude earthquake and an ensuing tsunami that hit the country's Pacific Coast on March 11.

After Kelly Clarkson kicked off a storm with her performance, seventh season winner David Cook took the 'Idol' stage to debut his new single, 'The Last Goodbye'.

Samsung Electronics Co said on Friday it had filed patent lawsuits against Apple in South Korea, Japan and Germany, a week after the world's top technology company claimed Samsung's smartphones and tablets slavishly copied its products.

Grammy-winning singer Carole King has been chosen as the Top 6 theme in the latest season of 'American Idol'. With King's covers proving costly for past contestants, the question remains as to how the Season 10 contestants will handle her music. Who fall prey to Carole King cover in Season 10?

The latest official update on the PlayStation Network (PSN) outage has alerted the users that the Network is set to be down for a full day or two, even as several questions and raging conspiracy theories on the outside attack on Sony emerged online.

Large blue chips, including some consumer-oriented companies, will have to show they can counter sluggish developed economies by leveraging growth in emerging markets and technology -- if Wall Street is to maintain earnings momentum next week.

SanDisk Corp raised its 2011 margin outlook and dismissed worries that Japanese logistic snarls were squeezing the supply of vital components like silicon wafers.

Samsung Electronics Co said on Friday it had filed patent lawsuits against Apple in South Korea, Japan and Germany, a week after the world's top technology company claimed Samsung's smartphones and tablets slavishly copied its products.