IBT Staff Reporter

Toyota Motor Corp said on Thursday it will recall millions more vehicles in the United States, its second massive recall in four months, this time to fix potentially faulty accelerator pedals.

Sony Ericsson warned on Friday a recovery in the cellphone market could be slower than many expected as it reported its seventh straight quarterly loss.

McDonald's Corp posted higher quarterly profit helped by strength in Europe and a small rise in December sales in the United States, where high unemployment and rampant discounting are straining results.

Few events can steal the thunder from an Apple Inc quarterly earnings day -- an Apple product launch is one of them.

President Barack Obama believes the Senate will confirm Federal Reserve Chairman Ben Bernanke for a second term to lead the U.S. central bank, the White House said on Friday.

Venture capitalists invested less money in US startups in the fourth quarter and showed signs of spreading out those fewer dollars among more companies, according to a new report.

Shares of several major U.S. financial institutions fell on Friday along with the broader market a day after President Barack Obama's proposals to further restrict banking activity.

Imperva, the leading data security compny released on Thursday the top ten passwords that are easy to be hacked.

American Airlines said on Friday that it will lay off up to 175 pilots, about 2 percent of its 7,800 pilots in the first half of the year.

GE sees 'solid growth' in 2011; shareholder payouts halved in 2009

Google said that it has a stable relationship with Apple even as the company slowly encroaches into its cross-town peer's market-space.

More U.S. investors believe the stock market is poised to rise in the year ahead than any time in the past two years, a survey showed on Friday.

General Electric Co posted quarterly earnings that topped Wall Street expectations as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment.

IT employees stand a better chance of finding a job in India than in the U.S., according to quarterly reports. IT companies in India had strongest quarterly growth last quarter, compared to previous dismal quarters, and expect to see it rising.

Dutch conglomerate Philips Electronics is set to give a new timeline for reaching its mid-term targets in the coming weeks, a move which could boost its shares as much as 10 percent, analysts said.

Kimberly-Clark Corp posted a lower-than-expected quarterly profit and gave a disappointing outlook as paper goods such as its Cottonelle toilet paper remained under pressure while consumers choose cheaper items.

The heavier teens were, the more likely they were to have high cholesterol but even 14 percent of teens with normal body weight were found to have unhealthy cholesterol levels, the CDC said.

The FTSE 100 index was essentially flat early in the London session, but proceeded to drop as much as 40 points, or 1.4 percent, after weaker than expected U.K. retail sales were announced at 9:30 am in London.

A leading technology company is set to launch a new digital music file format which will embed additional content for fans including lyrics, news updates and images in what could be a successor to the ubiquitous MP3 file.

Russia on Friday arrested a former policeman who gained national attention by posting a video about police corruption on YouTube, investigators said.

Three major regional banks said loan problems buffeted fourth-quarter results but may be coming under control after two hard years.

U.S. stocks dropped on Friday as proposed sweeping restrictions on U.S. banks and the delayed confirmation of Fed Chairman Ben Bernanke overshadowed solid earnings from General Electric and McDonald's.

Charter Communications Inc. said in a statement on Friday that its Chief Executive Officer plans to leave the company to take a position at rival Comcast Corp.

Just a day after U.S. Secretary of State Hillary Rodham Clinton made a speech which denounced Internet censorship, China fired back saying the U.S. is ruining ties between the two countries.

China on Friday rejected criticism by the Hillary Clinton over Internet censorship and warned the US not to allow the issue to damage bilateral relations.

The days when high-tech rooms for hotels meant adding a kettle and alarm clock are long gone, with hotels realizing guests want far more wizardry in their rooms.

Kimberly-Clark Corp posted higher fourth-quarter profit but fell short of analysts' expectations, as paper goods such as Cottonelle toilet paper remained under pressure while consumers choose cheaper items.

The following are mergers under review by the European Commission, and a brief guide to the EU merger process:

Talks between Airbus and European nations over a possible rescue package for the troubled A400M military transporter ended in stalemate with no new proposals, a source familiar with the discussions told Reuters.