NEW YORK

Legendary entrepreneur, American muscle-car manufacturer, and race-car driver Carroll Shelby died Friday at the age of 89, according to a statement by his company Carroll Shelby International Inc. (OTC: CSBI.PK). The cause of death was not disclosed.

Where Do We Go Now, opening May 11, centers on a group of women who are fed up with the absurdity of war, and work to distract their husbands and sons from engaging in battle.

Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.

U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.

The Yankees and Mariners face off for the first time this year as the two teams begin a three game set in the Bronx.

A calico lobster that has been living a quiet life off the coast of Maine until it was caught and sold to a local fish restaurant. However, a sympathetic staff decided to save the rare lobster with orange and yellow spots that researches claims is 1 in 30 million specimen.

China's announcement that construction was down and manufacturers bought less factory equipment in April drove oil prices down and caused concerns that the global economy was slowing down. These concerns were reflected in market activity.

Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.

Glee co-creator Ryan Murphy is yet another Hollywood star to host a fundraiser for U.S. President Barack Obama in the wake of the public support he expressed for same-sex marriage on Wednesday.

The now-familiar call for Washington to lower energy costs by increasing domestic production of oil may not be the most effective policy, according to this month's Congressional Budget Office report on the nation's energy security.

An auction of Chinese dissident artist Ai Weiwei's porcelain sunflower seeds at Sotheby's in New York on Wednesday has fetched almost $800,000 - but it's unclear how much of the money will find its way to the hundreds of Chinese workers who made them.

U.S. Securities and Exchange Commission (SEC) regulators are monitoring JPMorgan Chase & Company (NYSE: JPM) following the disclosure that the bank lost $2 billion in bad hedging action carried out by the so-called Whale of London, SEC Chairwoman Mary Schapiro said Friday.

The story around the highly publicized sexual assault lawsuits filed against John Travolta by two masseurs continues to raise eyebrows. Earlier this week two unnamed men filed lawsuits against the actor claiming that he sexually assaulted them during a massage. Yet TMZ released proofthat the actor has was in New York on January 16th when the first incident allegedly took place in Beverly Hills.

Vince Young signed a one-year deal to become the backup quarterback in Buffalo.

Rather than deal with business, directors of Yahoo (Nasdaq: YHOO), the No. 3 search engine, have been busy all week in the ?resume embellishment? scandal that forced one director to quit and put the CEO under a cloud.

President Barack Obama's Los Angeles fundraiser with George Clooney broke records Thursday night, capping off a cash boost that came off of his endorsement of gay marriage earlier this week.

Two men were killed on Thursday in what the New York City Police Department described as a murder-suicide in the lobby of a Queens hotel.

Former Houston Chronicle journalist Sarah Tressler, who was fired after her stripper past came to light, is suing her former employer and claiming her dismissal was due to gender discrimination.

In a vote that solidifies the Republican Party's economic platform heading into the 2012 election, the House voted on Thursday to reverse mandated cuts to the Pentagon by slashing social assistance programs that largely benefit poor Americans.

Edward Klein's unauthorized biography contains several alleged, bombshell revelations.

Here is the video of Kate Upton falling down after leaving the Met Gala.