IBT Staff Reporter

JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation's housing market was starting to plummet.

Shocking news revealed that MTV Jackass stuntman Ryan Dunn was killed in a motor accident on Route 322 in West Goshen Township. His Porsche 911 ran into a tree and caught fire engulfing the vehicle in flames.

Sales of existing home sales were down 3.8 percent in May and the median price for a home continued to fall, the National Association of Realtors said on Tuesday.

Britney Spears Femme Fatale Tour, featuring Nicki Minaj.

The FBI and Scotland Yard arrested a British 19-year-old man suspected of masterminding behind LulzSec. However, LulzSec and its enemy Web Ninjas alike said that the suspect is not LulzSec's leader.

If the physical ramifications of smoking aren't enough to deter customers from lighting up, maybe a clearer picture of the financial ramifications will.

Social networking sites, including Facebook, are not doing enough to protect children from online bullying and potential sexual predators, the European Commission said on Tuesday.

When it comes to branding on the Internet, 2012 may be the dawn of a chaotic new era with companies and other groups expected to battle over suffixes like .cancer, .chocolate and just about .anything.

The New York Knicks have been asking about the Phoenix Suns' Steve Nash, according to the NY Post. In the proposed swap, Nash would be traded straight up for Chauncey Billups.

The risks of the U.S. losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling, Standard and Poor's said on Tuesday.

With Andre Villas-Boas resigning from his manager's role at Porto, poising himself to join Chelsea as soon as Abramovich meets his £13.25m release clause, Chelsea has almost ensured a deal for Porto goal-machine Radamel Falcao.

To celebrate summer's arrival, a blogger has picked out nine books from her shelves that she is going to give away to one of her readers.

Apple iPhone 5 rumors are swirling with talks of a new body case design and upgraded hardware for an August or September launch date. Rather than a just a minor upgraded model of the current iPhone 4, it is expected that iPhone 5 could roll out a radical new case design for the upcoming iPhone, though we have not been given any additional details, according to Boy Genius Report.

Espadrilles are all the rage this season.

JPMorgan Chase, the Wall Street bank that during the financial crisis has managed to remain afloat has agreed to pay $153.6 million to settle claims by the U.S. Securities and Exchange Commission it designed and sold a product linked to risky mortgages during the housing market collapse of 2007.

The official beginning of Summer is celebrated all over the Northern Hemisphere.

Film critic Roger Ebert's Facebook page was suspended Tuesday after Ebert posted a controversial tweet referring to Jackass star Ryan Dunn's death. The page was restored one hour later, according to Ebert's Twitter.

The First Lady makes her first official trip to Sub-Saharan Africa in an effort to strengthen diplomatic relations between the US and Africa.

Are the Atlanta Hawks interested in moving their star forward Josh Smith? According to Yahoo Sports, the Hawks have been asking around to see how much interest there is in their seven-year forward.

Introducing the English Rock theme

Dean Skelos, the state senate Majority Leader said a framework agreement is in place on all outstanding issues except gay marriage.

Credit Suisse said competitive pressure in the smartphone industry was likely to increase over the next 12-18 months as a wave of low-end Android phones hits the market and Apple is seen releasing a cheaper iPhone in 2012.

Verizon Wireless plans next month to move to usage-based wireless data pricing options instead of its flat-rate unlimited-use plans, increasing wireless bills for some customers.

Stocks rose on Tuesday as expectations grew that a default of Greek debt could be avoided and sovereign risk in other euro zone countries could be contained.

Two notorious hacking groups – LulzSec and Anonymous – have teamed up for “Operation Anti-Security” (AntiSec), an act of declaring cyber war against corrupt governmental agencies and the UK's Serious Organized Crime Agency (SOCA) has become its first target .

A look at the presidential candidate's style.

Nine new warning labels with graphic images will be required on U.S. cigarette packs, FDA announced on Monday. The labels will cover the top half of a tobacco package on both sides, each including a national quit smoking hotline number. 20% of an ad will also be given to warning labels.

Stocks advanced broadly on Tuesday as optimism grew over an upcoming confidence vote by the Greek parliament, a key hurdle for the country to avoid a debt default.

Singer and comedian Weird Al Yankovic recently released his music video to Perform This Way, Yankovic's parody of Lady Gaga's hit song Born This Way.