IBT Staff Reporter

Shares of business development companies have plummeted during the stock market crash and currently trade at 80 percent of their net asset value.

A high-profile search of the Nevada desert for 28-year-old Susan Powell, the woman who vanished in December 2009, was conducted due to important and credible new insight into the case. Forty-five detectives and other investigators searched a region outside of Ely, Nev. Friday.

Shares in Hewlett-Packard slumped by more than a fifth to a six-year low early on Friday, a day after the world's biggest PC maker signaled a major shake-up in its business and cut its annual forecast.

A private detective jailed for illegally intercepting voicemail messages on behalf of a journalist at one of Rupert Murdoch's British newspapers has been ordered to reveal who asked him to carry out the phone-hacking.

Bill Gross, manager of the world's largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.

Stocks fell on Friday as Hewlett-Packard's weaker outlook and corporate shakeup added to the uncertainty for investors.

Mexican tycoon Carlos Slim's America Movil seems set to dodge a record billion-dollar fine for alleged anti-competitive behavior -- at least for now.

Animals and plants have adapted to global warming by moving regions up to three times faster than previously thought by scientists, a report showed.

Cadillac on Friday unveiled the Ciel concept, an open-air grand-touring car inspired by the natural beauty of the California coast.

Women who were part of a massive class action lawsuit against Wal-Mart will have until the end of October to file individual lawsuits against the company, a U.S. judge ruled.

Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.

Bill Gross, manager of the world's largest bond fund, said on Friday the rally in Treasury yields to 60-year lows reflect a high probability of recession in the United States.

The economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said on Friday.

Britain's Prince William and Kate Middleton the Duchess of Cambridge paid a visit to the Summerfield Community Centre, in the Winson Green area of Birmingham on Friday. The royal couple toured areas affected by recent violent disturbances in Birmingham.

Leadership is what America desperately needs because investors are trading more on fear instead of on facts.

The Centers for Disease Control and Prevention said that everyone six month of age of older should receive flu vaccinations this year. The CDC also said that flu strains are the same as last year's.

Stocks were little changed on Friday, but commodity-related shares rose on energy and gold prices, while Hewlett-Packard dragged on the Dow industrials.

Executives at Rupert Murdoch's UK-based News International are concerned that emails discussing questionable payments made to police by the News of the World may prove more problematic than those that discuss phone hacking, sources familiar with investigations into the shuttered tabloid's reporting practices said.

Boeing Co said its new, larger 747-8 freighter jet won the approval of U.S. and European safety regulators, clearing the way for the new aircraft to go into service.

Tanzania has suspended its director of wildlife and two other officials over the illegal export of more than 100 live animals and birds from the east African nation's game parks, a government minister said.

South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's second largest producer of the precious metal and will refer the dispute to arbitration.

Somaliland has struck a deal with Chinese businessmen to extend its Berbera port as well as TO build a refinery and new roads in the breakaway northern enclave, its president said.

China's buying of West African crude oil is set to rise about 15 percent in September from August, trade sources said on Friday, but overall Asian imports from West Africa will fall due to slower Indian demand.

Inflation in Morocco jumped to 1.8 percent in July from a year earlier, exceeding the average forecast for 2011 for the first time this year, due mainly to a surge in food prices, the state High Planning Commission (HCP) said on Friday.

Apple's upcoming iPad 3 is reportedly beginning its trial production by October, aimed for an early 2012 launch.Sources familiar with the situation told the Wall Street Journal that Apple has ordered chips, display panels and other key components for the iPad 3. small quantities of components have been shipped for the tablet's sampling.

A court in Kazakhstan ruled on Friday to block access to 13 foreign Internet sites, including the popular blogging service LiveJournal, saying they were propagating terrorism and inciting religious hatred.

South Africa's National Union of Mineworkers said Anglo American Platinum (Amplats), the world's largest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious metal.

Hopes Hewlett-Packard's $11.7 billion bid for Autonomy will be the first of many in the European software industry could be misplaced because Autonomy has an appeal that others cannot match.

France's top AAA credit rating is likely to be downgraded and Germany could easily follow as the costs of bailing out weaker euro zone economies push up their own debt piles, says credit hedge fund firm Cairn Capital's chief investment strategist.