RedFaceTime: Apple Admits iPhone 4 Issue + more

Apple admits iPhone 4 problem and that it exaggerated signal strength capability. A software patch will be available for download.

Queen Elizabeth II donned Swarovski crystal-encrusted 3D glasses for a visit to Pinewood Studios Toronto. She also visited BlackBerry-maker Research in Motion (and received a new version - she's a fan) and flew startup Porter Airlines while in Canada.

Alitalia joins alliance with Air France-KLM and Delta.

BMW adds microNavigation system to enhance GPS.

Cadbury launches game competition to support London 2012 Olympic and Paralympic Games.

Google Checkout offers mobile payments for Android users.

Jay-Z lends clout to New Jersey Nets' bid for LeBron James.

Nokia exits wireless modem business.

Paramount aids Viacom sibling Nickelodeon's move to the big screen.

Sam's Club will offer small business loans.

SanDisk soars after strategy shift.

Toyota official says company knew about Lexus issue two years ago, but didn't consider actionable.

Twilight: Eclipse in 2D outperforms competitors in 3D.

Viagra- and Cialis-takers more prone to STDs? So says a new study.

Yahoo launches a news blog, The Upshot, based on search queries.

Financial services companies lead Interbrand's 2010 list of China's most valuable brands.