IBT Staff Reporter

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Target store near Wal-Mart HQ gets top-level spies

When the guy who runs the rival store up the road drops in for a visit, a lot of shop talk can be expected -- especially if that guy is Wal-Mart Chief Executive Mike Duke and you are running the only Target store for miles around.

Mars Orbiter Finds Buried Dry Ice Lake

NASA's Mars Reconnaissance Orbiter has found a giant buried deposit of dry ice, which could be evidence that Mars once had a thicker atmosphere and was able to have more water on its surface.

Economy struggles for momentum, data shows

Factory activity in Middle Atlantic states braked sharply in April and the number of Americans claiming new jobless benefits fell less than expected, implying the economy was struggling to regain momentum.

NYSE board rejects bid from Nasdaq, ICE

NYSE Euronext <NYX.N> directors rejected as too risky and lacking value a sweetened takeover offer from Nasdaq OMX Group <NDAQ.O> and IntercontinentalExchange <ICE.N>, the second time in 11 days the board unanimously backed a lower bid from Germany's Deutsche Boerse AG <DB1Gn.DE>.

Verizon CFO says not pursuing Web video for now

Verizon Communications has considered developing an Internet video service that would work outside of its network region but is not pursuing it right now, according to the company's chief financial officer.

McDonald's warns of higher food inflation

McDonald's Corp forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.

Amazon cloud disruption hits some startups

Disruption to Amazon.com Inc servers that host Internet services took down a raft of social networking websites including Foursquare and Quora early on Thursday, underscoring concerns about reliability as more companies turn to the cloud.

Groupon hires Google executive for No. 2 job: report

Online coupon service Groupon has hired a Google Inc executive to be its new chief operating officer, filling a key slot in its management team ahead of a potential initial public offering, according to a media report.

Steve Jobs Eager To Return To Apple, Says COO

During Apple's first quarter 2011 earnings Wednesday, Apple Chief Operating Officer Tim Cook updated stockholders and analysts on the status of CEO Steve Jobs, who has been on a medical leave of absence since January.

NYSE board rejects Nasdaq, ICE bid

NYSE Euronext directors rejected as too risky and lacking value a sweetened takeover offer from Nasdaq OMX Group and IntercontinentalExchange , the second time in 11 days the board backed a lower bid from Germany's Deutsche Boerse AG .

Jury finds Mattel took MGA's Bratz trade secrets

A U.S. jury found Mattel Inc misappropriated trade secrets from MGA Entertainment relating to the Bratz doll line and awarded MGA $88.5 million in damages in what appears to be a stunning reversal of legal fortunes.

Air Controller Asleep Fired, First Lady Landing Probed

A pair of air traffic controllers have been fired and officials are probing a Monday landing incident involving First Lady Michelle Obama, as weeks of embarrassing sleeping incidents and procedural gaffes have prompted a top-to-bottom review of federal air traffic controller training.

Defense presses trial jury to acquit Rajaratnam

Raj Rajaratnam's lawyer took his last shot at a trial to keep his client out of prison, telling jurors on Thursday that phone taps and a parade of government witnesses did not prove that the hedge fund manager traded on material inside information about companies.

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