IBT Staff Reporter

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Bruised X Factor limps toward finals

American viewers have chosen the three singers who will compete in the finals of The X Factor after a first season that underwhelmed critics and raised questions about audience fatigue ahead of returning TV contests American Idol and The Voice.

Wall Street Rally Fades After Warnings on Europe

A rally in stocks fizzled, leaving major indexes with modest gains on Friday, as Wall Street was torn between hope that U.S. economic data signals better times ahead and fear Europe's debt crisis will engulf world economies.

States to weigh in on basic health coverage

U.S. health officials will allow states to select the basic set of medical benefits that must be offered by insurance plans participating in new exchanges mandated by the federal healthcare overhaul, the U.S. government said on Friday.

Regulators sue former top Fannie, Freddie execs

Six former top executives at Fannie Mae and Freddie Mac were sued by U.S. regulators on charges of misleading investors about the mortgage finance companies' exposure to risky home loans in the run-up to the 2008 financial crisis.

Many surgeons don't discuss end-of-life care

Many U.S. surgeons fail to discuss their patients' wishes in case a risky operation goes awry, and even more would not operate if patients limited what could be done to keep them alive, a survey found.

Fed has no plans to help Europe, Dudley says

Europe's financial crisis poses a threat to U.S. banks and the economy but it is up to the continent's leaders -- not the Federal Reserve -- to find a resolution, a top official at the central bank said on Friday.

Rudy inspiration charged with securities fraud

U.S. securities regulators on Friday charged Daniel Ruettiger -- the inspiration behind the 1993 movie Rudy -- and 12 others with running a scheme to deceive investors into buying stock in Ruettiger's sports drink company.

Made in Texas: Apple's A5 iPhone chip

Apple Inc is famous for relying on low-cost Asian manufacturers to both source and assemble its popular gadgets, but the consumer device giant recently started receiving a critical component in its iPad and iPhones from closer to home - Texas.

Layoffs hit Soros investment company

Soros Fund Management, the investment company of billionaire George Soros, has laid off a handful of analysts and portfolio managers in recent months.

MPAA anti-piracy legislation point-man blames Google

The fierce debate over anti-piracy legislation currently rocking Capitol Hill is pitting Hollywood against Silicon Valley, and has left some wondering if the latest effort to crack down on illegal downloads will be shot down over free speech concerns.

Fitch may cut France, other 6 euro zone countries

Fitch Ratings on Friday warned it may downgrade France and six other euro zone countries as it believes that a comprehensive solution to the region's debt crisis is technically and politically beyond reach.

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