IBT Staff Reporter

Rupert Murdoch's daughter Elisabeth will not be joining News Corp's board as had been planned, after criticism that the board was populated by corporate and family insiders.

Sanford Wallace, known as the Spam King, has turned himself in to U.S. authorities after he was indicted for masterminding a scheme that sent more than 27 million unsolicited junk messages through Facebook's servers.

South American nations said on Friday they are well-positioned to withstand a sharper global downturn but want to insulate their economies further from a crisis of confidence they blame on Europe and the United States.

Two energy blasts from the sun are causing "tsunamis in space."

Facebook has one up on Apple in the recent polls, unfortunately the competitive category is less than flattering. According to the latest issue of GQ magazine, Facebook's CEO Mark Zuckerberg has been named the worst dressed among a group of 15 other Silicon Valley CEOs. Coming in second was Apple's Steve Jobs. The ranking is among the various publications listed by magazines such as GQ, Vanity Fair, and Esquire.

Citigroup Inc said in a regulatory filing on Friday that the Justice Department is examining its mortgage business.

Intel's first cyber-security product co-developed with its McAfee unit will take advantage of features already built into its processors and will likely be available as an extra service to customers.

Apple Inc has won a temporary restraining order and preliminary injunction against several retail stores in the Chinatown section of Queens, New York, that sell cases and other accessories for Apple products, including the iPhone, iPod and iPad.

U.S. consumer credit shot up in June by $15.53 billion, according to a Federal Reserve report on Friday that showed consumers were willing to keep borrowing robustly in a tight job market.

The U.S. government expects its debt to be downgraded by credit ratings agency Standard & Poor's from its current triple-A rating and is preparing for the event, ABC News said on Friday.

A South Korean SBS TV documentary team accuses Chinese pharmaceutical companies of selling dead baby pills as stamina boosters. The team reveals that the truth behind the dead baby pill is horrific and disturbing.

Warren Buffett's conglomerate Berkshire Hathaway Inc reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.

Stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point.

A day after New York's attorney general called Bank of America Corp's $8.5 billion mortgage-backed securities settlement unfair and inadequate, another state attorney general hinted he may also oppose the deal.

Hewlett-Packard Co is offering a hefty discount on its TouchPad tablet a month after it launched the WebOS-based mobile device in a booming market dominated by Apple Inc's iPad.

Groupon Inc said on Friday that it is cutting some underperforming staff at its Chinese joint venture Gaopeng.

Obese men with diabetes 2 can enhance erectile function and decrease urinary tract symptoms along with increased sexual desire by losing weight, a new study published in the Journal of Sexual Medicine shows.

The U.S. government expects its debt to be downgraded by credit ratings agency Standard & Poor's from its current triple-A rating and is preparing for the event, ABC News said on Friday.

Italy buckled to world pressure in a bid to halt a market rout endangering the global economy, pledging to speed up austerity measures and social reforms in return for European Central Bank help with funding.

Warren Buffett's conglomerate Berkshire Hathaway reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.

U.S. sales of Blu-ray movie and television discs rose this year as overall spending on home entertainment dropped and viewing habits shifted, new figures from an industry group showed.

Warner Bros. unveiled official photos of The Dark Knight Rises character 'Catwoman' to the media showing actress Anne Hathaway riding a Bat Pod. The photo reveals the latest Catwoman, aka Selina Kyle, costume equipped with goggles, gloves, utility belt, and no high heel stiletto shoes.

A Spanish investigator claims to have identified Jack the Ripper, the serial killer who terrified London. Jose Luis Abad makes the claim in his newly published book 'Jack the Ripper: The most intelligent murderer in history', and identifies the killer as Chief Inspector Frederick Abberline, the Scotland Yard detective who was in charge of the case.

Facebook says it has uncovered smoking gun evidence that a contract at the heart of a lawsuit against the company and its founder Mark Zuckerberg is fraudulent, according to a Facebook court filing.

The Dow and S&P 500 dipped into negative territory late on Friday in a volatile session that saw large swings in the indexes, as worries about the economy caused investor skittishness.

Sony will release a sequel to "The Amazing Spider-Man" in the summer of 2014.

The U.S. seems to be fighting an uphill battle against HIV. The number of new infections was about 50,000 per year over the past decade and continues to persist, federal officials said Wednesday.

The European Central Bank is demanding that Italian Prime Minister Silvio Berlusconi commit to fast-track specific welfare reforms and a constitutional amendment enshrining a fiscal rule before it will buy Italian bonds, sources close to the matter said on Friday.

Italy buckled to world pressure in a bid to halt a market rout endangering the global economy, pledging to speed up austerity measures and social reforms in return for European Central Bank help with funding.