IBT Staff Reporter

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Civil rights groups want FCC to open an investigation

The percentage of women and people of color running television and radio companies is falling, despite the rise in minority populations, and civil rights groups want the Federal Communications Commission to do something about it.

Harry Potter theme parks set to expand

Harry Potter fans could be getting a second theme park in the United States, and possibly further attractions in Japan and Singapore, according to a report in the Wall Street Journal on Thursday.

Los Angeles wind storm disrupts flights, cuts power

A powerful wind storm with gale-force gusts left much of the Los Angeles area strewn with toppled trees and downed power lines on Thursday, slowing traffic, damaging homes and knocking out electricity to over 350,000 customers.

Fake gun creates real panic at TV shoot

David Lubin was only trying to shoot a segment for a television show. But police were concerned that another type of shooting altogether might occur when they took Lubin down at a San Francisco filming location Wednesday.

California homicide rate drops 7.8 percent in 2010

A state government report said on Friday that California's homicide rate fell by 7.8 percent in 2010 to the lowest level since 1966, in-line with a U.S. drop in violent crimes that researchers have attributed in part to better police work.

Judge rejects Apple bid to halt Galaxy sales

Apple failed to convince a U.S. judge to block Samsung Electronics from selling some Galaxy smartphones and tablets in the U.S. market, depriving the iPhone and iPad maker of crucial leverage in a global patent battle between the two companies.

Olympus Won't Get Extension of Reporting Deadline: Sources

Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting.

Olympus won't get extension on reporting deadline: sources

Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting.

MF Global Mixed Funds, Transferred Them Abroad: Reuters

Regulators investigating the collapse of MF Global Holdings Ltd. have determined that the firm combined money between securities and futures accounts owned by customers, and transferred funds outside the country to at least one entity, a source said on Friday.

Lockheed F-35 output should slow: program chief

Production of Lockheed Martin Corp's F-35 Joint Strike Fighter, the costliest arms purchase in history, should be slowed because of the potential number of airframe cracks and hot spots turning up in testing and analysis, the Pentagon's F-35 program director said.

ECB's Stark: Crisis cure needed to avoid disaster

An urgent solution to the euro zone debt crisis needs to be found otherwise there will be widespread macroeconomic and financial disaster, Juergen Stark, one of the European Central Bank's top policymakers, warned on Friday.

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