Congress passed legislation on Friday that extends a tax cut for 160 million workers through December. The new law continues long-term jobless benefits, handing President Barack Obama a major victory in a year in which his re-election is at stake.
At the end of the first half of a big Friday night game between surprise star Jeremy Lin and his Knicks against the Hornets, New Orleans, one of the worst teams in the league, is pummeling arguably one of the most talented rosters in the NBA in the Knicks. The Knicks have been on a seven-game winning streak since Jeremy Lin has been featured on the team. He is 6-0 as a starter, averaging about 21 points about 9 assists.
Apple Inc did not infringe patented technology owned by Android phonemaker HTC Corp, the U.S. International Trade Commission said on Friday, the latest ruling in the wide-ranging smartphone patent wars.
A grand total of $50 million in assets has been seized, and new charges were filed against the now-shuttered file-sharing Web site Megaupload, authorities said Feb. 17. In January, Megaupload and several of its affiliate Web sites were taken down, and several people connected to the sites arrested in New Zealand in one of the U.S.'s biggest ever criminal copyright infringement cases.
A U.S. grand jury added more charges against file-sharing website Megaupload and its executives, and also accused them of taking copyrighted content from sites such as YouTube for its own service, according to a new indictment released on Friday.
Kung Fu Panda creator Dreamworks Animation SKG Inc plans to build a production studio in Shanghai with some of China's biggest media companies, a landmark deal that gives the company a foothold in one of the largest untapped markets for Hollywood.
The $40 billion United Brotherhood of Carpenters pension fund, a long-time investor rights activist, is asking more than a dozen U.S. companies to start disclosing how long they have had the same outside auditor.
Standing by a Boeing 787 Dreamliner in Everett, Wash., on Friday, President Barack Obama called on Congress to reshape the corporate tax code to benefit companies that keep jobs in the United States, giving a boost to the domestic manufacturing sector and exports.
The parent of Fidelity Investments, FMR LLC, plans to raise $250 million through a debt offering, according to U.S. regulatory filings.
The head of Avon Products Inc's
Canadian unit will become president of the cosmetics company's China business next month as the company contends with sliding sales there and a probe into alleged bribery of officials in that country.Prompted by a delay in a big trade of a popular exchange-traded fund, the U.S. Securities and Exchange Commission is taking a closer look at a possible connection between high-frequency traders and hedge funds jumping in and out of ETFs, among other areas, according to a person familiar with the matter.
CVS Caremark Corp said it received requests for information about a prescription drug discount program it runs for uninsured or under-insured individuals from both the U.S. government and the Texas Attorney General.
The U.S. Postal Service reported a net loss of $3.3 billion in the final quarter of 2011. They've been floating several ideas to solve the dilemma, and on Thursday they presented Congress with a five-year proposal called the Plan for Profitability.
Attorney General Eric Holder said in a letter to Congress Friday that the Obama administration would no longer defend legislation that blocks benefits to legally married same-sex couples.
Royal Dutch Shell's bid to drill in the Arctic this summer took another step forward on Friday when the U.S. Interior Department approved its oil spill response plan for the Chukchi Sea.
The U.S. economy is growing at a respectable 2.8 percent annual rate, the U.S. jobs market has added 243,000 nonfarm payrolls in January and the S&P 500 Index is up eight percent year-to-date. Nouriel Roubini's economic prediction for 2012, however, is still decidedly bearish.
Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.
U.S. stocks edged higher on Friday, but investors stayed cautious before a long holiday weekend when hopes are set for Greece's bailout plan to be approved.
A man in the Utah frontier has been breaking into cabins for more than five years, eluding police and stealing off with supplies needed for survival.
For years, Google has been developing the technology to make automated cars a reality. They've also spearheaded lobbying efforts in Nevada, which just became the first state to approve regulations for testing driverless cars. This gives technology companies an official procedure for taking their self-driven automobiles out on public roads.
A British student, who hacked into Facebook's internal network risking disastrous consequences for the website, was jailed for eight months on Friday in what prosecutors described as the most serious case of its kind they had seen.
Acclaimed Japanese animator Hayao Miayzaki's 2010 film The Secret World of Arrietty opened in U.S. theaters Friday, Feb. 17.
