IBT Staff Reporter

Former hedge fund manager Forrest Fontana, who once worked for industry titan Steven A. Cohen's SAC Capital Advisors, will pay nearly $1 million to resolve claims that he violated a short-selling rule, the Securities and Exchange Commission said on Friday.

In NASA's 50-year history, it has not only advanced space research but also benefited all people with its space technology. Even though most people today will never set foot on the moon, nearly everybody today comes into contact with a NASA technology-derived product on a daily basis. Here are the top 10 NASA inventions you might use everyday.

Greenlight Capital chief David Einhorn unloaded his stake in Yahoo Inc just months after building a sizable position, swallowing a modest loss after an ownership dispute tarnished the Internet company's prized Chinese assets.

This month marks the 100 year anniversary of the discovery of Machu Picchu. To celebrate, we're looking at some of the most fascinating lost civilizations of the world and giving you all the info you need to get there yourself.

RadioShack Teammates Chris Horner and Levi Leipheimer crashed with 40 km to go, ceding precious GC time, while HTC's Mark Cavendish, who won the stage in text book fashion on Stage 7 of the Tour de France.

U.S. state and local governments cut thousands of jobs in June, pushing their payrolls down to the lowest in five years, according to Labor Department data released on Friday, and analysts do not expect the losses to end any time soon.

Sex slaves are OK in Islam, according to a former candidate for the Kuwaiti parliament, who is advocating for the legalization of sex slavery.

34-year-old ex-con Rodrick Shonte Dantzler killed seven people in Grand Rapids, Michigan yesterday. The suspect shot and killed himself after he was surrounded by police.

Stocks fell on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.

According to a report from Chinese Web site Sina's sport's section, Yao has made no decision to leave the Houston Rockets.

Stocks ended down on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.

With the last launch of the space shuttle Atlantis, what is the future of space travel?

Yao Ming is calling it quits. Maybe it's a blessing in disguise for the oft-injured All-Star.

Spotify's American plan of action has been revealed as it hopes to get 50 million users within its first year.

A WikiLeaks partner found a new bank to accept Visa and MasterCard donations this week, but the respite from the card networks' months-long embargo was only temporary, because the bank shut down the payments within hours, two people familiar with the matter told Reuters.

U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.

After the high-profile case Baez is hot property, or maybe too hot to handle

Beyoncé looks gorgeous, and gets married in her new video Best Thing I Never Had video.

Police arrested David Cameron's former spokesman on Friday over the scandal that has shut down Rupert Murdoch's News of the World, forcing the prime minister to defend his judgment while promising new controls on the British press.

An annual report F as in Fat: How Obesity Threatens America's Future 2011, from the Trust for America's Health and the Robert Wood Johnson Foundation found that Mississippi has the highest rate of obesity in the country, soaring up to 34.4 percent, while other states, such as, Colorado - who scored the lowest in obese residents in the report with a rate of 19.8 percent - remain steady.

Chun Ming has spent the past two weeks in a cramped San Francisco courtroom, sending notes from his laptop to a tight-knit group of investors glued to a $4 billion antitrust battle involving some of the world's biggest chipmakers.

Consumers who illegally download copyrighted films, music or television shows might see their Internet speed slowed or access restricted under an industry anti-piracy effort announced on Thursday.

Kate Middleton and Prince William are landing in Los Angeles today, and hopefully Kate's dress will behave more than it did upon her Calgary landing.

Nine days from now, Casey Anthony will be free. Questions linger as to how will her life following the acquittal unfold. Her parents have received several death threats over the Internet and phone calls. The couple is in hiding, and announced through their attorney that they have not decided whether they will welcome their daughter back into their home after she is out of jail. However, she might be able to exploit her sick fame to strike some good deals.

Greenlight Capital sold its stake in Yahoo Inc after an ownership dispute undermined the value of the Internet company's Chinese assets, according to a Greenlight letter to investors.

Rangers fan Shannon Stone fell to his death after attempting to catch a foul ball from Texas Rangers all-star Josh Hamilton.

Stocks dropped on Friday and the Nasdaq looked to end an eight-day winning streak as a weak jobs report dashed hopes the economy was emerging from a soft patch, though the start of earnings season next week kept investors engaged.

Corporate America's job engine is largely stalled, with chief executives waiting for a pickup in demand that would result from higher employment, yet wary of adding jobs in their own companies.

Here are the main events in the long-running phone-hacking scandal which brought down the 168-year old News of the World tabloid on Thursday.