IBT Staff Reporter

Samsung Electronics Co <005930.KS>, the world's top memory chip maker, forecast on Friday a challenging business outlook due to growing competition, but said it was aiming to achieve record profit this year.

The head of corporate computing giant EMC Corp., admitted Thursday that its business security division RSA become a victim of and advanced cyber attack, although it doesn't expect this to affect in a big way financially.

The yen skidded on Friday after the Group of Seven finance ministers agreed to act to limit the currency's strength, with the dollar popping above 81 yen in a move that could put further pressure on players to unwind long yen positions.

Nasdaq OMX Group Inc's plans to launch a rival bid for NYSE Euronext faces hurdles as differences with potential partner IntercontinentalExchange Inc persist, the Wall Street Journal reported on its website on Thursday.

Kraft Foods said on Thursday it upped the U.S. prices for many of its coffees this week, raising Maxwell House by 22 percent, the biggest of four hikes in the past year as roasters face soaring markets.

The Internet giant will be sponsoring around 20 projects focusing on the fundamentals of online auctions across three Israeli universities.

Apple Inc may face shortages of key components for its newly-released iPad 2 as a result of the earthquake in Japan, according to a report released on Thursday.

Some of the largest U.S. banks will be notified on Friday whether they passed a second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported on Thursday.

The New York Times will start charging for full access to its articles on phones, tablet computers and the Web, in a bold plan that risks alienating readers of its popular news website.

The United Nations Security Council has approved military strikes on Libyan air defenses, a move following weeks of talks led by France, Britain and the United States to mobilize the international community to take action against the regime of Muammar Gaddafi, which is engaged in armed conflict with rebels.

In these dark hours, Japan would do well to heed former White House Chief of Staff Rahm Emanuel's memorable maxim that you never want a serious crisis to go to waste.

A U.S. government regulator sued Kerry Killinger and two other Washington Mutual Bank executives accused of pioneering reckless home loans that led to biggest bank failure in U.S. history.

Sales of electronic books in January increased by more than 115 percent compared to the same time the year before, a report released by the Association of American Publishers said on Thursday.

Borders Group Inc is set to close another 28 of its superstores on top of the 200 locations it is already shutting down as part of its reorganization under bankruptcy protection.

Nike Inc plans to raise the prices on its shoes and sports clothing markedly in 2012 to cope with the rising costs of oil, cotton and transportation that are hurting its profitability.

The United Nations Security Council on Thursday voted to approve a no-fly zone over Libya and all necessary measures to protect civilians from attacks by forces led by Muammar Gaddafi.

Nike Inc posted a lower-than-expected quarterly profit on Thursday as the world's largest athletic shoe and clothing maker was hit by the rising costs of oil, cotton and other commodities, and its shares fell more than 5 percent.

Best-selling author Jane McGonigal is on a mission, spreading a message that playing games, whether electronic or physical, is not a waste of time but can improve lives and solve real world problems.

Now that Illinois has passed a law to collect sales taxes on items bought over the Internet, other states and big retailers are watching for the impact on other parts of the country.

A Senate committee will step up oversight of the government's unpopular TARP bank bailout program now it is losing one of its watchdogs, a top senator said on Thursday.

The New York Times will start charging for full access to its articles on phones, tablet computers and the Web, in a bold plan that risks alienating readers of its popular news website.

A Japanese company making galleys for the long-awaited Boeing <BA.N> 787 Dreamliner said delivery of the component could be delayed if gasoline becomes even more scarce after last week's earthquake and tsunami.

The New York Times will start charging for full access to its website as it takes another stab at getting readers to pay for news.

New York Times announces a paywall for its digital content.

A look at the effects of the radioactive elements that affect human health.

The yen edged off a record high against the dollar on Thursday ahead of a conference call by Group of Seven finance ministers on fears officials may soon intervene to rein in the currency's rapid rise.

People.com is reporting that actress Sandra Bullock donated $1 million to the American Red Cross to help with the earthquake and tsunami relief efforts in Japan.

Consumer prices increased at their fastest pace in more than 1-1/2 years in February as fresh data showed growth was accelerating, but underlying inflation pressures remained generally contained.

A number of Japanese companies have reported disruptions to their supply chains in the wake of the the earthquake there.