IBT Staff Reporter

The joint venture led by Tishman Speyer and BlackRock that owns New York's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed a loan payment, putting it in a much-anticipated default.

Microsoft Corp on Friday asked for a full panel of judges to review a recent appeals court decision to uphold a $290 million jury verdict against it for infringing a patent held by a small Canadian software firm.

Apple tablet supply chain points to Q2 launch: source. Suppliers for Apple Inc's new tablet computer have begun shipping touchscreen panels and will start delivering aluminum casings for it next month, sources said, implying a second-quarter product launch.

LG Electronics has confirmed the first devices featuring Microsoft's highly anticipated Windows 7 Mobile which will begin retailing later this year.

The U.S. International Trade Commission said on Friday that it found no violation of General Electric wind turbine patents by Mitsubishi, and it terminated its investigation.

Two Federal Reserve officials said on Friday they would like to see the U.S. jobs picture improve before the central bank withdraws its extraordinary support for the economy and markets.

Lenovo Group Ltd is wading into the smartphone market with a thin, touchscreen device based on Google Inc's Android operating system, following the footsteps of PC rivals like Dell Inc and Acer Inc.

Palm Inc shares jumped 10 percent on Friday after the company announced it will sell smartphones through top U.S. mobile carrier, Verizon Wireless, a deal that analysts said could mark the beginning of a turnaround for the handset maker.

Samsung Electronics Co Ltd, the world's biggest TV brand by revenue, said it aimed to sell 35 million LCD televisions in 2010, including 10 million TVs using light emitting diode (LED) backlights.

BRUSSELS - Anheuser-Busch InBev, the world's largest brewer, could cut 10 percent of its 8,000 workforce in western Europe due to falling beer markets, a spokeswoman for the group said on Friday.

Vast, empty spaces in the middle of the show floor. Knots of uniformed salespeople standing idly next to flickering screens. A slow-moving crowd drifting from one display to the next.

U.S. stocks rose on Friday after trading in the red most of the day as investors concluded weak December jobs data wouldn't interrupt a trend of steady economic recovery.

The New York Federal Reserve Bank did not bring securities law disclosures for insurer American International Group Inc to the attention of Timothy Geithner, who headed the bank at the time of AIG's bailout in 2008, the bank's top lawyer said on Friday.

Qualcomm plans to support Chrome, Google Inc's upcoming operating system for small computers known as netbooks, the company's chief executive, Paul Jacobs, said on Friday.

Following the success of Apple Inc's online application store, Intel Corp. aims to follow suit and will begin offering an online store with applications for netbook computers.

Investment bank Citi and French emissions exchange BlueNext sold at auction 400,000 Kyoto Protocol carbon offsets for 11.21 euros ($16.05) each, auction hosts BlueNext said late on Friday.

U.S. stocks rose on Friday after trading in the red most of the day as investors concluded weak December jobs data wouldn't interrupt a trend of steady economic recovery.

U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country's unemployment rate remained stuck in the double digits.

U.S. employers cut 85,000 jobs in December, confounding expectations the labor market was finally stabilizing and piling pressure on President Barack Obama to spur job growth.

President Barack Obama's State of the Union speech to Congress could indicate how badly he wants a global warming bill, which opponents say will cost U.S. jobs and raise prices -- a scary prospect for politicians trying to ride out a horrible economy in an election year.

Russian President Dmitry Medvedev resolved on Friday to wipe out bandits across Russia's turbulent, Muslim-dominated southern flank after a suicide bomb killed seven policemen in the Dagestan region earlier this week.

U.S. President Barack Obama will unveil a $2.3 billion tax credit Friday to boost jobs by promoting clean energy, as fresh data showed that the country's unemployment remains stuck in the double digits.

U.S. stocks closed up on Friday as December's unemployment report, despite showing job losses, was seen supportive of a slow recovery.

President Barack Obama on Friday awarded $2.3 billion in tax credits, which will be matched by as much as $5.4 billion in private sector funding, to help create clean energy manufacturing jobs.

A federal judge on Friday entered a not guilty plea on behalf of Umar Farouk Abdulmutallab, the 23-year-old Nigerian accused of an attempt to blow up a Detroit-bound jetliner that has prompted a sweeping review of U.S. security procedures.

J.P. Morgan Securities started coverage of Allos Therapeutics Inc with an overweight rating and a price target of $10, citing upside potential from the company's key drug Folotyn.

The U.S. economy is on much better footing despite a soft labor market and a rickety commercial real estate sector, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday.

Demand for luxury sedans like the sleek new E-Class Coupe helped power a 12 percent rise in global sales of Mercedes-Benz brand cars in December, closing off an otherwise dreadful year on a brighter note.

No one in an organization wants to make a wrong decision and then be left holding the bag and looking bad. What's more, in many cases even CEOs of companies can't make final decisions without the other executives on their team buying in.