IBT Staff Reporter

Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced on Friday to several years in prison for their roles in a nearly $3 billion fraud that took down the big lender and a major bank.

Alaska released a massive trove of e-mail messages from Sarah Palin's days as governor on Friday and the search for tidbits and perhaps nuggets of information has begun as a print only release has slowed the initial search for information that could shed new light on the potential 2012 Presidential candidate.

Spanish police arrested three suspected members of the so-called Anonymous group on Friday on charges of cyber attacks against targets including Sony's PlayStation store, governments, businesses and banks.

The U.S. budget deficit fell by more than half in May from year-earlier levels to $57.64 billion as tax revenues continued to rise, the Treasury Department reported on Friday.

European paymaster Germany stuck to its guns on Friday in demanding that private investors contribute to a second bailout for Greece despite a European Central Bank warning against triggering market turmoil.

The Obama administration might nominate Federal Deposit Insurance Corp member Thomas Curry to oversee the largest banks as the next comptroller of the currency, according to a person informed about the deliberations.

The Dow and S&P 500 closed out their sixth week of losses on Friday as further signs of a global economic slowdown set the stage for more losses ahead.

Styrene has been added to the list of possible human carcinogens, according to a report by the government. The 12th Report on Carcinogens was put together by the National Toxicology Program of the National Institutes of Health.

The 2011 Bonnaroo Music & Arts Festival kicked off yesterday into the early morning hours with musical artists such as, J.Cole, Futurebirds, DJ Neil Armstrong, The Band of Heathens, and Greensky Bluegrass.

NASA launches an instrument which will be able to measure salt in the ocean.

Jailed former oil tycoon Mikhail Khodorkovsky was transferred from Moscow to a prison camp in an undisclosed location, his lawyers said on Friday, decrying the move as an attempt to block his parole hearing.

Gaga says she'll only wear Versace for two months.

Rocker Jack White, of The White Stripes, and his wife, model Karen Elson, are throwing a party in Nashville, TN to celebrate their divorce, which was announced Friday.

Three members suspected to be a part of the Anonymous hacking group were arrested in Almeira, Barcelona and Valencia in Spain on Friday morning, according to a report.

Today would be the late Judy Garland's birthday. 'The Wizard of Oz' actress was born in 1922 and passed away in 1969.

Colombia's ex-president Alvaro Uribe is fuming about the direction his successor is taking.

Online radio company Pandora Media Inc increased the proposed value of its initial public offering by almost 50 percent, hoping to catch investor fever that has taken Internet companies such as LinkedIn to new heights.

The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for 2-1/2 years will shrink to a trickle with the conclusion of the Fed's bond purchases announced on Friday.

The Dow and S&P 500 closed out their sixth week of losses on Friday as further signs of a global economic slowdown set the stage for more losses to come.

Apple app developer Greg Hughes says Apple has taken ideas from the little guy before and will likely continue to do so.

Facebook has enabled facial recognition technology, without your permission. Here is how you can opt out from the tagging feature if you consider it creepy or dangerous.

The heads of TMX Group Inc and the London Stock Exchange Group Plc said on Friday it is full steam ahead for LSE's friendly takeover of the Canadian market operator even though a hostile bid for TMX could come any day now.

Congressman Charles B. Rangel, the Harlem representative whose shoddy disclosure perils lead a House ethics committee to investigate his conduct emerged as an unlikely ally for his colleague Rep. Anthony Weiner.

On July 8, astronauts will take iPhone 4 smartphones aboard NASA's Atlantis, making them the first astronauts ever to fly with iPhones into space.

Online radio company Pandora Media Inc raised the proposed value of its initial public offering by almost 50 percent, hoping to catch the investor fever that has taken Internet companies such as LinkedIn to new heights.

OnLive showed off its Wii U alternative at E3.

Go for the history, go for the culture, go for the art, whatever the reason, make sure you don't miss Germany's most Vibrant city!

Import prices rose for an eighth straight month in May despite a drop in fuel costs, with the year-on-year increase reaching its highest level in nearly three years, according to data on Friday.

The Dow and the S&P were on track to post their sixth consecutive weekly drop for the first time since mid-2008 on Friday as China's weaker trade data and disputes about a second bailout of Greece escalated concerns about the global economic slowdown.