IBT Staff Reporter

Sony says there was a URL exploit, which forced it to shut down the Playstation.com log-in for the PSN briefly.

Just when people are thinking the PlayStation network hack was a thing of the past, it has quickly come back to haunt them. A password exploit in the system has prompted the company to shut down the network for patch the security loophole.

The Golden State Warriors were unable to move up in the 2011 NBA draft lottery and will stay at number 11. Here are some of the best possible players the Warriors could take at number 11:

A former Galleon hedge fund trader on trial for insider trading waded into the river of gossip of Wall Street for tips and speculation, not secrets leaked by corporate lawyers as the government charges, his lawyer told a jury on Wednesday.

A Chinese girl, whose fiance decided to dump her on their wedding day, attempted to commit suicide by jumping off the 7th story window ledge in Changchun City, Ji'lin Province.

Katherine Schwarzenegger, Arnold and Maria's oldest daughter who is 21 years old tweeted a message about her father's confessions to fathering a child with a member of the household staff.

The IMF warned Greece on Wednesday that it would fail to shore up its finances unless it redoubled reform efforts, and euro zone officials dismissed suggestions that a mild debt restructuring might help.

Bill Gates approved and supported the Microsoft-Skype deal.

Morgan Stanley Chief Executive James Gorman is concerned that regulators may force large banks to hold too much capital, a move that banks worry would crimp profits.

Hackers are increasingly aiming attacks at smartphones, touching off a race among software giants, startups and telecom operators seeking to cash in on ways to help consumers protect themselves.

U.S. crude oil and gasoline stocks were little changed last week and distillates fell, as oil imports decreased and refinery utilization increased, according to a weekly report from the Energy Information Administration on Wednesday.

Brent crude futures extended gains to more than $2 on Wednesday, but in choppy trading, after a weekly government report showed crude stocks fell slightly in the United States last week as refinery utilization rose.

Microsoft has promised to give a brand new Xbox 360 for free if the upcoming update makes new game discs incompatible with the player's console.

Real Madrid midfielder Kaka has insisted that he is happy and looking forward to the challenge at Madrid next season.

Hershey Co Chief Executive David West is leaving the chocolate maker to take a position with another company, the second unexpected CEO departure at Hershey in less than four years.

The San Jose Sharks' loss to the Vancouver Canucks in Game 1 re-kindled fears of playoff disappointment with another third period meltdown. Without home ice advantage, losing the late lead magnifies the importance of Game 2 for the Sharks, which could determine the fate of the series.

Clearwire Corp has chosen Ericsson to take over management of its high-speed wireless network, the service provider said on Wednesday.

If you've been following the preaching of Harold Camping, according to him, Judgment Day is merely days away. So set your clock for 6pm on Saturday, May 21st.

Stocks advanced on Wednesday, lifted by energy and materials shares as commodity prices rebounded before the Federal Reserve's release of its assessment of the economy later in the session.

FC Porto manager Andre Villas-Boas moved quickly to deflect attention from himself and highlight the performances of his team before the UEFA Europe League final against Braga.

Trader Glencore is set to price its record $11 billion market debut in the middle of its initial range, balancing appetite for its shares with concerns from some investors over valuation, sources familiar with the matter said.

Intel's CEO Paul Otellini took a few shots at ARM in both mobile and PC.

Japanese camera and copier maker Canon Inc <7751.T> expects its quake-hit supply chain to recover more quickly than originally estimated, giving a roughly 50 billion yen ($600 million) boost to its annual sales, the company's chief executive said.

Within 24 hours after the news broke that Arnold Schwarzenegger fathered a child with a member of his household staff, the name of the mother has been released.

The mother of Arnold Schwarzenegger's child born out of wedlock has been revealed, according to reports.

Staples Inc slashed its full-year forecast and said it would open fewer stores than it had planned after its quarterly results missed Wall Street estimates, sending its shares down nearly 16 percent.

Rovio Mobile, creator of hit iPhone game Angry Birds, is aiming for a stock market listing in New York in two to three years, its chief executive told Reuters.

Wall Street was set to open flat to slightly higher on Wednesday as caution before a Federal Reserve announcement was balanced against gains by computer maker Dell and a rebound in commodity prices.

The Oakland Athletics grabbed a share of first place in the division, trouncing the Los Angeles Angels 14-0, on a perfect all around game for the A’s. The A’s are now tied with the Texas Rangers for the best record in the AL West.