IBT Staff Reporter

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Wall St edges lower on economic woes

U.S. stocks edged lower on Thursday as persistent concerns about the economy offset data showing U.S. weekly jobless claims fell more than expected.

Wireless competition, prices fall: report

Wireless phone customers have enjoyed lower prices and better coverage despite reduced competition from years of consolidation in the $150 billion industry, a U.S. report said on Thursday.

RIM suggests forum on BlackBerry solution in India

Research in Motion offered on Thursday to lead an industry forum to look at India's need to have lawful access to BlackBerry's encrypted mail and messenger in the latest effort to stave off the blocking of the popular service in the world's fastest growing telecoms market.

Girl-band star escapes jail over HIV infection

DARMSTADT, Germany (Reuters Life!) - A German pop singer who confessed to knowingly exposing two men to the risk of HIV after finding out she had the virus herself was convicted by a court Thursday of grievous bodily harm.

U.S. to end tax case soon against UBS

U.S. authorities said on Thursday they would soon bring to a close the tax fraud case against UBS , which had threatened to bring the Swiss banking giant to its knees.

FDA ties chicken feed to salmonella in egg recall

Chicken feed contaminated with salmonella bacteria could have caused the outbreak at two Iowa producers that sparked a recall of more than a half billion contaminated eggs last week, U.S. regulators said on Thursday.

Is hospital-in-a-box the way to better healthcare?

Jon Weiner's hospitals are a far cry from what you might be used to. There are no lengthy admissions forms to fill in. And the service you get might remind you of a five-star hotel. The cost? No more than any other hospital. The catch? They are all overseas.

CDC backs away from decades-old flu death estimate

The U.S. Centers for Disease Control and Prevention is backing away from its decades-old estimate of the number of people who die annually from seasonal flu, instead saying deaths vary widely from year to year.

Fiat CEO says Q3 going well

Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.

Wall St flat as gains from jobless data fade

Weekly jobless claims declined more than expected last week, briefly sending stocks higher, but the four-week average of new claims, a measure regarded as better reflecting labor market trends, rose to a nine-month high, offsetting the enthusiasm.

Ford halts Fiesta shipments on part glitch

Ford Motor Co temporarily halted shipments of Fiestas from its Mexico factory in the past week due to a faulty part, compounding an inventory shortage for the new small car and further complicating a key vehicle introduction.

Landlords cut rent to fill empty property: NAR

U.S. commercial property landlords cut rent and offered concessions to lure tenants as vacancies remained high, the National Association of Realtors reported in a quarterly property survey released on Thursday.

Foreclosures fall but new delinquencies rise: MBA

The number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.

Slumdog helps usher in Hollywood's Indian era

Maybe it's the success of Slumdog Millionaire. Perhaps it's because corporate outsourcing is now a very real -- and frustrating -- part of Westerners lives. Or perhaps it's because India is one of the fastest-growing economies in the world and its influences have finally spread to Hollywood.

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