IBT Staff Reporter

Angolan state news agency Angop has reported that an Angolan teenager, allegedly, shot his father death after an argument over the upcoming Spanish El Clasico between Real Madrid and Barcelona.

As a former MF Global Holdings Ltd. CEO prepared to testify last week before a U.S. congressional committee about missing customer money, one independent broker attempted to restore customer confidence in the futures market by publishing exactly where it is holding its clients' collateral.

As former MF Global chief executive Jon Corzine prepared to testify this week before a U.S. Congressional committee about missing customer money, independent broker Rosenthal Collins Group attempted to restore customer confidence in the futures market by publishing exactly where it is holding its client collateral.

On top of Eurozone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region appears more likely than it has previously.

Growth in Chinese exports and imports slowed in November -- more evidence of the faltering demand abroad and at home that is pushing Beijing toward a more explicit pro-growth policy.

On top of euro zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely.

Growth in Chinese exports and imports slowed in November, further evidence of the faltering demand abroad and at home that is pushing Beijing towards a more explicit pro-growth policy.

The prospect of European heavyweights like Italy or Spain turning to the IMF for rescue loans is worrying the United States and other nations that fear they could suffer losses on funds they have extended to the IMF.

Russia and the United States are planning a regular exchange on technical threats that appear to come from computers in each other's territories, a White House spokeswoman said on Friday, even as bilateral ties have come under growing strains.

Lockheed Martin Corp is being awarded a $4 billion fixed-price U.S. Navy contract for 30 F-35 Joint Strike Fighter aircraft, the fifth batch of low-rate initial production, the Defense Department said on Friday.

The man who shot dead a campus police officer at Virginia Tech on Thursday before killing himself was a student at a nearby university who had stolen an SUV at gunpoint the day before, officials said.

Victims of Bosnia's 1992-95 war had most of their anxieties over a film by Hollywood star Angelina Jolie put to rest at a private screening this week.

Nowhere is the old saying beauty is only skin deep less understood than in Hollywood where for years women have tried with sporadic success to overcome the notion that looks count for more than brains.

A new National Basketball Association era began in controversy as a blockbuster three-way trade that would have sent New Orleans Hornets All-Star guard Chris Paul to the Los Angeles Lakers was vetoed by NBA Commissioner David Stern.

Within hours of the NBA owners and players formally approving a new collective bargaining agreement – officially ending the lockout -- the league committed a major PR blunder on Thursday by vetoing a trade that would have sent star point guard Chris Paul to the Lakers.

Playboy magazine is advancing the newsstand date for its upcoming issue with nude pictures of actress Lindsay Lohan in part due to photos that were leaked online in advance, Hugh Hefner said on Friday.

British singer Adele made Billboard history on Friday when she became the first female singer to be named top artist, have the top album, 21, and score the top single, Rolling in the Deep, all in one year.

Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it -- a Europe of Nations with France in the cockpit and Britain on the sidelines.

The lawyer for Philip Falcone's hedge fund is finding herself in the hot seat with U.S. securities regulators.

The United States on Friday rejected a European Union plan to eliminate subsidies provided to Airbus and said it would ask the World Trade Organization for permission to impose trade sanctions that could amount to $7 billion to $10 billion annually.

The prospect of European heavyweight economies like Italy or Spain turning to the IMF for emergency rescue loans is worrying some nations that fear they could suffer losses on the funds they have extended to the IMF.

Toys R Us Inc , which is looking to go public next year, reported a quarterly loss equal to a year earlier, as interest expense declined even as sales at established stores fell.

Hewlett Packard Co has decided to open its webOS mobile operating system to developers and companies, potentially taking on Google Inc's free Android platform that is popular with handset makers.

Stocks rallied on Friday, finishing the week higher after European Union leaders agreed on a plan to toughen the region's budget rules to help restore market confidence after a two-year sovereign debt crisis.

AT&T's decision to focus on its antitrust battle with the U.S. Justice Department for its purchase of T-Mobile may have backfired, irritating the judge overseeing the case and laying the groundwork for a possible deal-killing delay.

European governments -- many of which are already struggling to woo buyers for sovereign debt -- could find it even harder to raise money as the investment banks they relied on to sell the debt baulk at the cost.

Philip Falcone, a hedge fund manager who became an overnight billionaire by betting on the collapse on the U.S. housing market, is now fighting to keep his career afloat.

A gunman opened fire on cars in the heart of Hollywood on Friday, injuring at least one person before he was shot and killed by police, a Los Angeles police spokesman said.

There's a Hollywood mogul who is fond of saying that sooner or later all rumors are true. The question in the case of Ryan Kavanaugh: Is this that time?