IBT Staff Reporter

Canadian patent licensing company Wi-LAN Inc plans to venture into software and internet patent licensing, even as it focuses on its strong wireless portfolio, Chief Executive Jim Skippen told Reuters.

Apple Inc is working on a smaller and less expensive version of the iPhone, Bloomberg reported on Thursday, citing sources.

EBay Inc said it expects revenue at its PayPal unit to double by 2013 as it sought on Thursday to cast itself as a reinvented company and an innovator at the center of e-commerce.

Tech giants are lining up to buy patents held by bankrupt telecommunications company Nortel Networks, but a formal auction has been delayed because nobody will pay the price the company's liquidators would like to see.

The U.S. Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.

Sprint Nextel Corp reported better-than-expected subscriber additions in the fourth quarter, adding customers for the first time in more than three years.

Top-performing U.S. restaurant chains Panera Bread Co , Chipotle Mexican Grill Inc and BJ's Restaurants Inc served up strong fourth-quarter results on Thursday.

ABC announced Thursday it completely sold out of advertising time for the Academy Awards broadcast, Reuters reported.

A stunt car powered by light. Check. A table-top version of a popular iPhone game. Check. A battery-powered sweet-talking boyfriend doll. Check.

Both Mozilla with Firefox and Microsoft with Internet Explorer make 'Do Not Track' official on the most recent versions of their browser.

New York Mayor Michael Bloomberg said on Thursday he supports advanced talks that would place the iconic New York Stock Exchange into the hands of Germany's Deutsche Boerse AG.

Julian Assange's former right-hand man on the Wikileaks website denounces Assange as an irresponsible, autocratic bully who once threatened to kill him in a book launched on Thursday.

PepsiCo Inc cut its earnings growth targets for 2011 and beyond on Thursday, citing soaring commodity costs and uncertainty about when the economic recovery on paper will actually be felt by consumers.

It was announced Thursday that the song, off her new album also titled Born This Way will be released worldwide to radio on Friday at 6 a.m. EST. The song will be available for purchase on iTunes three hours later.

President Barack Obama's 2012 budget plan will bring a simmering deficit debate to a head when he sends it to Congress on Monday, but the United States is still far from tackling its huge fiscal gap as bond markets watch anxiously.

As the 61st Berlin Film Festival debuted Thursday, Iranian director Jafar Panahi's empty chair at the jury press conference was in the spotlight.

Five new Republican faces for a possible run for the U.S. presidency in 2012 are in this year's straw poll of thousands of conservative activists who have made their annual trek to Washington this week.

A Federal court in California has denied Sony's motion to pull the personal information of Twitter and YouTube users who might have downloaded code that allows PlayStations to run with alternative operating systems.

President Barack Obama on Thursday outlined his plan to expand high speed wireless Internet service to 98 percent of Americans while reducing the U.S. deficit by $9.6 billion over the next 10 years.

YouTube is in talks to buy video producer Next New Networks, according to a person familiar with the discussions.

Strengthening cybersecurity is the goal of legislation being introduced in Congress after reports of hack attacks on computer networks at Nasdaq OMX Group and at oil and gas companies.

Recently a video of Steve Jobs circa 1978, preparing for an interview, was uncovered.

Positive reviews on Red Dead Redemption and Civilization V lead Take Two to the top of the list.

The outlook for the New York Mets' stadium debt has turned negative, Moody's Investors Service said on Thursday after the trustee recovering money for victims of Bernard Madoff sued the baseball team's owners to recover as much as $1 billion.

A new 3-D television network from Discovery Communications, Sony Corp and Imax Corp will launch Sunday on satellite TV provider DirecTV.

Kevin Warsh, the Federal Reserve's youngest-ever governor and a vocal inflation hawk skeptical of recent monetary easing efforts, said on Thursday he is stepping down from the central bank's powerful board.

A German takeover of the New York Stock Exchange, the citadel of American capitalism, would have shocked its floor traders in years gone by. But not now.

Deutsche Boerse AG's planned takeover of NYSE Euronext faces intense scrutiny from German regulators and European anti-trust authorities, potentially putting the blockbuster exchange tie-up in peril.

Thomson Reuters Corp's quarterly earnings fell short of market forecasts as heavy investment in new products weighed on operating margins, although the company said it expects revenue to pick up in 2011.