IBT Staff Reporter

Oil paused at $71 a barrel on Thursday, as traders weighed a steady dollar against bullish data on China and U.S. crude inventories.

Oil paused above $71 a barrel on Thursday, as traders weighed a steady dollar against bullish data on Chinese fuel exports and U.S. crude inventories.

Microsoft Corp's Bing search engine won more market share from rivals last week, according to new industry data released on Wednesday, but still trails Google Inc and Yahoo Inc.

Cartoon Network launches the first part of its new CN Real block of reality programming tonight with the premiere of this spooky new series in which five teens armed with high-tech gear investigate creepy locations that are rumored to be haunted.

Intel Corporation on Wednesday reveals the forthcoming brand structure for the future microprocessors and technologies that lead to set aside the Centrino brand which was introduced in 2003.

European TV Market Heats up despite Economic Crisis With the European Union’s economy showing signs of recovery, television sales in the region are expected to rise in 2009 as consumers continue to snap up LCD-TVs, according to iSuppli Corp.

Amazon.com Inc. acquired Palo Alto, California based company SnapTell Inc. prior to Amazon plans to beef-up its mobile capabilities.

Dell on Wednesday introduced its new enterprise technology efficiency for small and medium businesses.

FedEx Corp., the global shipping service provider, said Tuesday it expects the operating environment in the next two quarters to be “extremely difficult,” expecting manufacturing to be negative through the summer and higher fuel prices to have a significant impact.

Nokia’s distributors in China boycotted the products of the Finnish phone giant in protest over heavy fines the company levied on them for selling outside their assigned territories.

Amid complaints by smaller competitors that exclusive agreements by dominant wireless phone companies and handset makers hurt competition, AT&T said on Wednesday that competition in the industry is robust and it will increase over time.

Nvidia Corporation was raised to a BUY from HOLD rating as higher revenue is expected in its future, according Wedbush Morgan research during its analyst day.

The controversial software to filter pornography and other unsuitable websites may face another yet another hurdle. The developers of the Chinese filtering software ‘Green Dam’ may face legal charges from the California-based Solid Oak, makers similar filtering software.

China's National Bureau of Statistics (NBS) on Tuesday announced that the discrepancy between industrial output and power generation growth in May was due to industrial restructuring and the use of energy-efficient products.

Chrysler Group LLC said on Wednesday it will resume production of vehicles in seven North American assembly plants by the end of the month, the first large-scale resumption of production since the Fiat SpA led company acquired Chrysler assets earlier in June.

E*Trade Financial Corp., looking to boost its bank’s capital, announced Wednesday a common stock offering worth $400 million.

V-Vehicle Company, a startup automaker announced it will move into a former General Motors plant in Monroe Lousiana to build environmentally friendly vehicles, state and company officials announced today, according to the Associated Press.

Intel Corp plans to phase out some of its brands, including the Centrino for computers, to focus on fewer top names as the chip maker expands into new markets such as mobile devices.

Option traders will soon be able to speculate or hedge their risk in the shares of Berkshire Hathaway Inc , the insurance and investment conglomerate run by billionaire Warren Buffett.

The Shanghai Cooperation Organization (SCO), comprising Russia, China and four ex-Soviet Central Asian republics--Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan-- held their own summit Tuesday in the Russian Ural city of Yekaterinburg.

Defeated presidential candidate Mirhossein Mousavi has called on supporters to stage peaceful demonstrations or gather in mosques on Thursday to express solidarity with people killed in post-election unrest.

Several iPhone users are reporting problems with the activation server when downloading the latest iPhone OS 3.0.

The first summit of BRICs (Brazil, Russia, India and China) ended on Tuesday in Yekaterinburg with robust consensus on more joint efforts to revive the world economy.

Specialty retailer Eddie Bauer filed for bankruptcy on Wednesday, but says it will continue to serve customers as it seeks court permission to sell its assets to a private equity group.

Samsung Electronics Co., Ltd. on Wednesday said its 4GB chip based on 50-nm class DRAM production technology has borne the world’s first 32GB DDR3 Memory for low-power server operations.

The Lakers - a franchise valued at $584 million by Forbes - celebrated the team's 15th NBA championship parade on Wednesday marching in double decker buses from the Staples Center to the Coliseum in Los Angeles.

U.S. retail chain, Eddie Bauer Holdings Inc. filed Wednesday for Chapter 11 bankruptcy protection and entered into a deal worth $202 million with a private equity firm to buy the company’s assets.

NEW YORK, June 17 Reuters) - Ten of the largest U.S. banks said on Wednesday they repaid more than $68 billion of taxpayer bailout funds, as they race to extract themselves from government restrictions on pay for top executives.

(Corrects number of banks in first bullet point, corrects index closing level in third bullet point, updates total repayment figure to $68 bln in bullet point and paragraph 1)