IBT Staff Reporter

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Celebrating 25 Years of Mary Kate and Ashley Olsen

The sisters are currently devoting their full attention to their brand with a few films every now and then. They had celebrated their 25th birthday on July 13th. Hoping the world never gets enough of the Olsen twins, here's wishing them a happy 25th birthday.

Islamist Rebels Prevent Aid to Somalia

Islamist extremist group Al-Shabab has said that international agencies it had banned from its territory would not be allowed to return to help the Somali population with aid for the famine.

Obama Says U.S. 'Out of Time' on Debt Deal

President Barack Obama said Friday that time for negotiations had ended after House Speaker John Boehner broke off talks on reaching a deal to raise the federal debt limit and handle the United States' long term debts and deficits.

Optimism Decreases Stroke Risk: Study

Optimism reduces risk of stroke, said a new research report in Stroke: Journal of the American Heart Association. The study surveyed 6044 adults over 50 and asked them to rate their level of optimism according to a 16 point scale.

'In Time' Trailer with Justin Timberlake [VIDEO]

Justin Timberlake and Amanda Seyfried attended a San Diego, Calif. press conference Thursday for their film In Time. The press conference was held at the Hilton Bayfront Hotel during Comic-Con 2011.

Brine-Injected Meat Should be Labeled: US Govt

Brine-injected meat is composed of 40 percent salt water, said the U.S. Department of Agriculture Friday. The USDA proposed a rule that will require companies to disclose the information.

Judge rejects Oracle damages estimate versus Google

A U.S. judge rejected Oracle Corp's claim for billions of dollars in damages from Google Inc for infringing on Java patents, a day after warning both sides they had taken unreasonable positions in a patent battle over the Android mobile system.

Lehman trustee appeals $1.1 billion win for Barclays

The bankruptcy trustee for Lehman Brothers Holdings Inc's brokerage arm is appealing a February decision awarding Barclays PLC about $1.1 billion associated with Barclays' purchase of Lehman's North American unit at the height of the financial crisis.

Wall Street, companies brace for the worst: a U.S. default

American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating.

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