IBT Staff Reporter

Former Washington Mutual Inc Chief Executive Kerry Killinger and two of his top lieutenants are nearing a settlement with the Federal Deposit Insurance Corp over the failure of what was the largest U.S. savings and loan.

A former bank executive who served as the go-between for Taylor, Bean & Whitaker Mortgage Corp, which collapsed from a $2.9 billion fraud scheme, was sentenced on Friday to eight years in federal prison.

Justin Beiber and Chris Brown face doomsday in the new video 'Next 2 You.'

After breaking up with pro-boxer Wladimir Klitschko last month, 21 year old actress Hayden Panettiere is now dating New York Jets wide receiver Scotty McKnight, TMZ reports.

Gay wedding cakes

Almost every airline flies into Chicago, so why aren’t you visiting?

Senate Majority Leader Dean Skelos of Long Island said this afternoon there will be no action on a same sex marriage bill today.

Consumer sentiment worsened this month on renewed concerns about the outlook for the economy and as gloom about job and income prospects persisted, data showed on Friday.

Facebook is finalizing its new app that will work on Apple's iPad according to New York Times.

Lady Gaga's 'Edge of Glory' music video, relives the splendor and stunning archived fashion designs of the late Gianni Versace. Miss Gaga's notorious 'meat dress' will also be showcased in the Rock and Roll Hall of Fame museum.

Famous art as a background.

The new trailer for 'Harry Potter and the Deathly Hallows' is out. Watch it here.

The Dow and S&P 500 edged up on Friday after France and Germany reached an outline agreement to aid debt-burdened Greece, but the Nasdaq declined and analysts said a recent bearish trend may not be over.

U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released on Friday showed.

Traditionally fat expense accounts on Wall Street are about to get slashed as major banks set out to cut spending and staffing due to weaker markets and new regulation that will cut in to their profits.

On day 2, the owls are still sitting there -- and blogger fans of the captivating boy wizard with the lightning bolt scar are still wondering what J.K. Rowling's new website will turn out to be.

Rory McIlroy went to 13 under par--a U.S. Open record--then immediately double-bogeyed on the 18th hole. He's well positioned for tomorrow's round, but did his giant step back on the 18th suggest he may tighten up again when the pressure's on?

These athletes can sure clean up

A look a celebrity pregnancy style

U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released on Friday showed.

Best-selling author J.K. Rowling's recently launched Harry Potter-related Web site Pottermore has created a buzz throughout the internet community and Harry Potter fans alike.

The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are playing with fire unless they take immediate steps to reduce their budget deficits.

Stocks rose in volatile trading on Friday after France and Germany said they reached an outline agreement to aid debt-burdened Greece, while a gauge of future U.S. economic activity was stronger than expected.

U.S. airlines, determined to keep their grip on recovery, will at best allow unions in contract negotiations to take back only part of what they gave up in concessions during restructuring.

While the iPhone 5 is taking its time to reach the market, the ring is left for Android smartphones to battle for the hottest spot this summer. HTC Sensation 4G and Samsung Galaxy S2 are considered the top rivals to each other, both sporting Android 2.3 Gingerbread.

Sports fans will be delighted with the new Apple iPhone 5 which is rumored to include a revolutionary new processor that will improve in game experience.

The Yankees' offense will carry them in Chicago this weekend. All the other sports except golf and tennis are quiet as baseball season heats up.

According to a new study 25 percent of high school students drink soda daily which is an alarming number that could lead to increase in obesity rate and other related diseases.

TLC will air a one-hour special titled William & Kate: Royal Baby Watch? The special will feature details on the royal couple's new life after their wedding.