IBT Staff Reporter

China on Thursday stepped up accusations that Google is spreading obscene content over the Internet, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers.

Micron Technology Inc reported lower-than-expected revenues as part of its 10th straight quarterly loss and shares of the top U.S. maker of memory chips slid more than 4 percent.

YouTube on Thursday said that with the introduction of the new iPhone, mobile uploads to its site have shot up 400 percent.

Stocks rallied on Thursday as investors were relieved Fed Chairman Ben Bernanke withstood a barrage of pointed questions from Congress on the Bank of America-Merrill Lynch deal relatively unscathed.

Iran's leadership has quelled mass protests over a disputed presidential poll two weeks ago, but the battle has moved off the street into a behind-the-scenes struggle splitting the clerical establishment into two camps.

Time for investigators to recover the black boxes of crashed jet flight Air France 447 is running out as they will continue to emit signals for approximately another six days.

Accused swindler Allen Stanford will spend at least one more night in a Texas jail after a U.S. judge stayed her decision to grant a $500,000 bond because the U.S. government plans to appeal.

Iran's disputed President Mahmoud Ahmadinejad will be sworn in for a second four-year term before parliament between July 26 and August 19, the Islamic Republic News Agency (IRNA)reported on its website.

Hong Kong is committed to maintaining its enduring business advantages to provide a familiar and secure base for companies, the Chief Executive Donald Tsang said on Thursday.

The value of total goods exports slip to $204.4 billion in May, down 14.5% on the same month last year, Hong Kong's Census & Statistics Department said on Thursday.

Michael Jackson died at age of 50 in Los Angeles, city officials confirmed to several news agencies.

General Motors Corp needs to exit from bankruptcy quickly in order to avoid a fatal blow to many of its suppliers and the loss of thousands of jobs, Chief Executive Fritz Henderson said in a court filing on Thursday.

Smartphone maker Palm Inc posted a narrower-than-expected quarterly loss on Thursday, sending its shares up more than 14 percent.

“Transformers: Revenge of the Fallen” had the second biggest opening day take ever, earning $60.6 million in gross revenues, but fell short of last year’s hit “The Dark Knight,” which earned $67.2 million on its first day.

General Motors unveiled one of the new pre-production Chevy Volts that has rolled off the automaker's technical center campus in Warren, Michigan on Wednesday.

A Los Angeles city official confirmed that Michael Jackson is dead. The official said he passed away at 1:07 p.m. Pacific, New York Times reported.

Microsoft rolled out prices for its new operating system, which will be officially available in October this year. Prices for upgrades vary from different Windows 7 versions.

Microsoft Windows 7 pre order will start tomorrow until July 11th in the United States and Canada. Japan is also included on the list for tomorrow’s pre order release but will end earlier on July 5TH or while supplies last.

Singer Michael Jackson died on Thursday after being in coma in a hospital in Los Angeles after suffering a cardiac arrest, according to reports.

Micron Technology Inc , the largest U.S. maker of computer memory chips, reported its tenth consecutive quarterly loss on Thursday as revenue fell, sending its shares down nearly 5 percent.

Technology outsourcing and consulting firm Accenture Ltd said its quarterly profit fell due to a slower economy and a stronger U.S. dollar, although the results were better than most analysts had expected.

Pop legend Michael Jackson was taken to a hospital on Thursday after suffering cardiac arrest, according to a CNN report.

China on Thursday accused Google's English language search engine of spreading obscene content that violated the nation's law, less than 24 hours after disruptions to the company's search engines and other services within China.

Apple's new iPhone 3GS has boosted mobile video uploads on YouTube by 400% per day since it went on sale last week Friday.

Iran's opposition leader Mir Hossein Mousavi vowed Thursday that he would not withdraw for one moment despite of what he described growing difficulties in his web site for the first time.

British Airways on announced on Thursday that 800 staff members have agreed to work up to one month for no pay in order to save company costs.

Stocks rallied on Thursday as investors were relieved that Federal Reserve Chairman Ben Bernanke withstood congressional questioning without problems.

The Foreign and Commonwealth Office is advising travellers to stay away from Iran. On Saturday night the FCO upgraded its official advice, warning against ‘all but essential travel’ to the entire country.

Redmond O'Neal, the only son of American actress Farrah Fawcett remained in jail as her mother died Thursday from cancer at age 62, Fox News reported.