IBT Staff Reporter

Chevron said on Friday it planned to invest $3 billion in Brazil over the next three years, despite uproar in the South American country after an oil spill this month caused by its offshore drilling.

Exchange operator CME Group Inc fined Infinium Capital Management, a U.S. high-frequency trading firm, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010.

A shopper pepper-sprayed other bargain hunters and robbers shot at customers to steal their Black Friday purchases, marring the start of the U.S. holiday shopping season, according to authorities.

Exchange operator CME Group Inc. fined Infinium Capital Management, a high-frequency trading firm with offices in Chicago, London, and New York, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010.

U.S. auto safety regulators are opening a formal investigation into fire risks in General Motors' Volt vehicles, the National Highway Traffic Safety Administration said on Friday.

Euro zone states may ditch plans to impose losses on private bondholders should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday.

Euro zone states may ditch plans to impose losses on private bondholders should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday.

Former MF Global Holdings Ltd. CEO Jon Corzine is expected to testify at a U.S. congressional hearing next month, a committee aide said on Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part.

Former MF Global Chief Executive Jon Corzine is expected to testify at a congressional hearing next month, a committee aide said on Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part.

Chevron plans to continue its expansion in Brazil, a top executive said on Friday, as the U.S. oil giant tries to contain the political fallout of an oil spill off the South American nation's coast.

Belgium's political deadlock sparked a downgrade in its debt on Friday, possibly forcing the country to pay higher interest rates as it nears 18 months without a formal government.

Asaf Moses is in the midst of displaying a new way to measure body dimensions.

A federal judge has said credit ratings are not always protected opinion under the First Amendment, a defeat for credit rating agencies in a lawsuit brought by investors who lost money on mortgage-backed securities.

Jennifer Lopez’s new man, Casper Smart, faces charges for speeding over 100mph and illegal drag races. Reportedly, the 24-year -old dancer has paid a $26,000 bail since facing the charges. He may face a $500 fine and 90 days in jail if found guilty in his upcoming court appearance on January 5, 2012.

Jennifer Lopez’s new man, Casper Smart, faces charges for speeding over 100mph and illegal drag races. Reportedly, the 24-year -old dancer has paid a $26,000 bail since facing the charges. He may face a $500 fine and 90 days in jail if found guilty in his upcoming court appearance on January 5, 2012.

Bank of New York Mellon Corp , which was derided for a plan to charge some of its large corporate and investment management clients for holding their deposits, appears to have flinched.

Jerry Sandusky, former Penn State defensive coordinator who has been charged with 40 counts of sexual abuse, now faces two new abuse allegations, but his lawyer said they are ridiculous and unfounded.

Sprint Nextel may be forced to abandon the biggest advantage it has over its rivals - unlimited data services for a flat fee - because of heavy data users and a shortage of wireless airwaves.

Standard & Poor's downgraded Belgium's credit rating to AA from AA-plus on Friday, saying funding and market risk pressures are raising the chances the country's financial sector will need more support.

The holiday shopping season got off to an ugly start as a shopper pepper-sprayed rivals in a battle for bargains and robbers shot shoppers to steal their Black Friday purchases, police said on Friday.

AT&T challenges an assertion made by the FCC that the two companies can't reapply to merge once the application is withdrawn.

Elpida Memory Inc, Japan's biggest maker of DRAM chips, agreed to sell preferred stock in its unit EBS Inc to Taiwanese semiconductor company Walton Advanced Engineering Inc for 3.75 billion yen ($48.27 million), the Nikkei said.

Have you ever thought a day of skiing was just simply out of your reach? Well, it doesn't have to be! Each of these 10 mountains offers adult lift passes for less than $50 a day.

Daimler will axe its Maybach superluxury brand after years of losses and moribund sales, replacing the car with more expensive models of its Mercedes-Benz S-Class flagship saloon starting in 2013.

Britain will try to bolster defenses against cyber attack by encouraging companies to overcome their reluctance to admit computer security breaches and share their experiences with each other, the government said on Friday.

Stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets.

Stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets.

Stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets.

Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season.