IBT Staff Reporter

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Wall Street uses Wal-Mart bias ruling in MBS defense

The U.S. Supreme Court's dismissal of a massive sex-bias case against Wal-Mart Stores Inc may have handed Wall Street a new weapon in its battle against angry investors who lost billions on securitized home loans.

Why Google+ Will Fail

I received a Google+ invite last night and I was so excited to start using it, only to find the exclusive social network is a load of bull.

Space shuttle leaves Earth on final flight

Space shuttle Atlantis rocketed off its seaside launch pad on Friday, rising atop a tower of smoke and flames as it left Earth on the final flight of the U.S. space shuttle program.

Ex-hedge fund manager settles trading violation

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.

Top 10 NASA Inventions You Use Everyday

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.

Einhorn dumps Yahoo stake after Alipay dispute

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.

A Guide to Exploring the Lost Civilizations of the World

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.

State and local governments bleeding jobs

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.

Wall Street ends lower after June jobs data

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.

WikiLeaks partner loses Visa, MasterCard loophole

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.

Jobs growth stalls, setting back recovery hopes

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.

As ex-aide arrested, UK's Cameron vows media reform

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.

High obesity rates continue to earn America an 'F'

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.

At chipmaker trial, investors play Rambus roulette

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.

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