IBT Staff Reporter

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Fight cancer with a sprinkle of magic

Sarah Fairy Belle Sanders will be hosting Australia's Biggest Morning Tea outside The Dunes Café on May 27 in an effort to raise funds for the Cancer Council in South Australia.

Apple's Jobs criticizes Flash's closed system

Apple Inc Chief Executive Steve Jobs on Thursday called Adobe Systems Flash multimedia software a closed system that is ill-suited for the company's suite of mobile devices, escalating the war of words between the two companies.

Goldman set to settle SEC fraud case soon: report

Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week.

Magic's Howard fined for blog rant at refs

Dwight Howard became the latest victim of the National Basketball Association's tough stance against criticizing game officials as the league handed the Orlando Magic center a $35,000 fine on Wednesday.

Jobless claims fall, slow recovery seen

The number of U.S. workers submitting new claims for unemployment benefits fell slightly last week, implying only a gradual labor market improvement even as the economic recovery broadens out.

Hugo Chavez hails successful Twitter debut

Venezuelan President Hugo Chavez on Thursday welcomed the success of his appearance on the micro-blogging site Twitter, where more than 90,000 followers have signed up in just a couple of days.

Motorola smartphone sales rise

Motorola Inc reported a surprising quarterly profit on better-than-expected demand for its higher-margin smartphones, vindicating its strategy of relying on Google Inc's Android software system.

A job in video games might not be a virtual dream

If your dream job is to work in the video game industry then the future is looking brighter with industry players seeing a pick-up in the number of jobs becoming available although salaries remain flat.

Greece readies austerity measures, markets steady

Greece readied severe austerity measures Thursday to secure a multi-billion euro aid package needed to avoid default, providing relief to financial markets but drawing threats of a mighty battle from Greek unions.

Household goods makers get emerging markets lift

Developing markets were critical for consumer product makers last quarter, as strong sales growth in countries like China helped drive profits while markets such as the United States remain somewhat sluggish.

Lehman case backs accounting convergence

The use by Lehman Brothers bank of a U.S. accounting device to strengthen its balance sheet would not have worked under global accounting rules, a top industry official told the Reuters Global Financial Regulation Summit on Thursday.

Muslim-inspired fashion flaunted in Russia's Chechnya

GROZNY, Russia (Reuters Life!) - Models in floor-length gowns of crimson and gold, their heads downturned and framed by hijabs, showed off Eastern-inspired designs on Tuesday to the elite of Chechnya, where Moscow is battling Islamist extremism.

Foreclosures fall in most of top metro areas

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

Stand out by projecting your personality

The challenge: She had created a functional résumé, presenting her experience in an Accomplishments section and leaving her work history to fall to the end of her résumé.

BorgWarner raises outlook after quarterly beat

Auto parts maker BorgWarner Inc raised its 2010 earnings outlook after posting a stronger-than-expected quarterly profit, propelled by improving industry production and rising demand for fuel-saving components such as turbochargers.

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