IBT Staff Reporter

Oil's deep sell-off paused on Friday as the impact of a surprise announcement of an emergency stocks release faded.

The Gay Marriage Bill is still priority on the agenda of the New York State Senate, which met till late Thursday night to come closer to a conclusions on the believed to be pivotal bill for the national Lesbian, Gay, Bi- and Transsexual movement.

Google makes doodles to celebrate all kinds of significant events, and this month also happens to be Gay Pride Month. So Google decided to put a doodle to it - just not so conspicuously.

Google makes doodles to celebrate all kinds of significant events, and this month also happens to be Gay Pride Month. So Google decided to put a doodle to it - just not so conspicuously.

The latest rumor about Apple’s iPhone5 features is, a dual LED flash with Taiwan-based LED packaging firms Everlight Electronics, Edison Opto and Lite-On Technology being pinpointed as potential suppliers.

Apple Inc has filed a lawsuit in South Korea, claiming Samsung Electronics Co Ltd infringed upon several patents, a court official said on Friday, in the companies' latest legal tussle over smartphone and tablet devices.

Brent crude rebounded to $108 on Friday from its lowest settlement since February as traders gauged how much supply would reach the market from an IEA-coordinated release of emergency oil stockpiles.

Regulators want to ensure mortgage lenders retain some of the risk on loans they originate, as it is crucial to strengthen the housing finance system, a top Treasury official said on Friday.

Former Brigham Young University guard and basketball star Jimmer Fredette has been finally chosen as an NBA participant, after scoring a 28.9 points per game in the last season.

China Premier Wen Jiabao sounded his most upbeat note this year on Beijing's fight against inflation, saying he expects price pressures to decline steadily even as the country keeps up its brisk economic growth.

European Union leaders have formally appointed Italy's Mario Draghi to be the next president of the European Central Bank, draft conclusions from the EU summit showed on Friday.

Stocks closed way off session lows on Thursday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove the S&P 500 lower, keeping a downward trend in place.

In the fall of 2009, Deutsche Bank quietly fired one of its top derivative traders in London after a colleague in New York complained about finding substantial trading anomalies in a multibillion dollar portfolio of high-risk credit default swaps managed by the German-based bank, Reuters has learned.

Jackass star Ryan Dunn has died in a fatal car crash last Monday, but his death will not put an end to his rich legacy.

Two massive earthquakes hit Alaska's remote Aleutian Islands later afternoon on Thursday.

HSBC Holdings PLC will have to wait until the end of July to hear whether or not a U.S. judge allows the Madoff firm trustee to proceed with a $9 billion lawsuit accusing the bank of enabling the massive fraud.

Trouble with new technologies including a clunky control system for its radios pounded Ford Motor Co's ranking in a closely watched quality ranking, just a year after the U.S. brand led its mass-market rivals.

Ryan Dunn, best known for his role in the 'Jackass' series, died in a car crash early Monday as he sped along a Pennsylvania highway and had surpassed the legal blood alcohol limit.

The Golden State Warriors used their 11th overall pick in the draft to take Washington State guard Klay Thompson.

Oracle Corp posted disappointing quarterly results particularly in hardware sales, sparking concerns about a sharper-than-expected slowdown in tech spending and sending its shares down 6 percent.

Chrysler Group LLC is aggressively exploring the possibility of building more vehicles in China, where the company is on track to sell 40,000 cars and trucks this year, an executive said on Thursday.

Los Angeles Lakers forward Ron Artest, 31, is an important part of the team and has shown that he is quite unique. However he is looking to distinguish himself even more off the court as well.

The Federal Trade Commission is looking to investigate whether or not Google has abused its strong position in web search.

Police reports revealed that Ryan Dunn's death was caused by a combination of speeding, over 130 mph which crashed and burned leaving him and his passenger dead at the scene, and alcohol. Speculations surrounding Dunn's death included drinking and driving as well as drug abuse at the time of the accident.

Children as young as eight years old are invited to Las Vegas this summer to learn that it's cool to be a hacker -- provided they don't cheat, steal or commit other crimes.

Ben Bernanke used his second-ever news conference on Wednesday to teach the world's financial markets a lot more about the thinking at the Federal Reserve than they could glean from its usual statements.

Official photos from the movie Hobbit have been released and by the look of them, the prequel to Lord of the Rings does justice to the masterpiece trilogy.

Google, Inc. faces the real threat of an anti trust probe by the Federal Trade Commission, which is still pending, but likely to be launched soon according to reports, letting the company step into the shoes of software giant Microsoft in the 1990's.

U.S. sales of sweet crude oil from the Strategic Petroleum Reserve will have a base price of $112.79 a barrel, a spokeswoman for the SPR said on Thursday.