IBT Staff Reporter

Sony said it would begin a phased restoration of its PlayStation Network games service on Sunday on a country by country basis and expected the process to be complete by May 31.

Back office fraud is draining corporate treasuries of billions of dollars a year, and the risk is growing as companies and employees struggle in the wake of the recession, finance managers and experts say.

Dominique Strauss-Kahn, the head of the International Monetary Fund, was arrested in New York City on Saturday, accused of a brutal sexual attack on a hotel employee in Manhattan, according to reports citing police sources.

The 'Mighty' Mississippi river has risen steeply - in some places to record levels - as a result of higher than usual rains, flooding various areas along its winding trajectory cutting across the central U.S.

Its easy to drive over the speed-limit, but now the city New York is taking some creative measures to get drivers to slow down.

According to the Centers for Disease Control and Prevention (CDC) more firearm homicides were completed by 10 to 19 year old Americans in metropolitan areas than all other areas in 2006-2007 their recent Morbidity and Morality Weekly report.

Canada's TMX Group, operator of the Toronto Stock Exchange, has received a takeover proposal from a group of Canadian banks and pension funds that could trump a friendly $3 billion bid from the London Stock Exchange.

BP will struggle to meet a Monday deadline to complete its $16 billion share swap with Russian group Rosneft , leaving the companies to agree a second extension or allow the deal to fall apart.

The former No.1 Maria Sharapova has beaten the current World No.1 Caroline Wozniacki 7-5, 6-3 at the Rome Masters.

San Francisco 49ers quarterback Colin Kaepernick recently had minor surgery on his left leg, an early setback for Kaepernick, who was drafted in the second round, to be the quarterback of the future for the franchise.

ABC announced that they are canceling Brothers and Sisters. Last week, there were reports that the Emmy-winning drama may return for a sixth season.

The Mississippi river, which is the largest system of rivers in North America, is displaying why it is nicknamed the Mighty Mississippi as flooding along its banks is forcing residents out and triggering flood relief systems installed decades ago to diminish, if not fully control, its impact.

New research details how studying the moon's surface can give an explanation as to how it was formed.

Officials will open the flood gates of the Morganza Spillway at one sparsely populated part of Louisiana to protect the bigger cities of Baton Rouge and New Orleans to the South.

Singer Etta James, 73 year-old, has been hospitalized for a urinary tract infection that led to sepsis early this week.

Manchester United achieved a record 19th English league title on Saturday when Manchester United got a 1-1 draw against Blackburn.

Canada's largest stock exchange operator TMX Group said on Saturday it had received a takeover offer from a group of Canadian banks and pension funds that rivals a $3 billion London Stock Exchange bid.

President Barack Obama said on Saturday he would seek to expand U.S. oil production by opening up areas in Alaska and the Gulf of Mexico.

Derek Boogaard, a Canadian professional ice hockey left winger who played for the Minnesota Wild, was found dead on Friday in the Minnesota apartment he was living in.

President Barack Obama on Saturday outlined three “good sense” steps he says his administration and Congress should take to deal with a spike in gasoline prices, oil drilling, and tax breaks for oil companies. Obama framed the steps outlined on Saturday as ways of dealing with insufficient job growth and rising gasoline prices.

Speedy A's center fielder Coco Crisp was caught stealing home in the bottom of the eighth inning with two outs trying to score the tying run, as the Oakland A's lost to the Chicago White Sox 4-3.

World number one Rafael Nadal progressed into the final of the Rome Masters after beating Richard Gasquet and he will now play the winner of the match between Andy Murray and Novak Djokovic.

The following are the remarks by President Barack Obama for his weekly address addressing the need to increase U.S. oil production on Saturday, May 14, 2011.

One of the terror suspects in New York City proclaimed his innocence. The suspects' interaction with the undercover police is yet to be informed.

Formula One teams may try to take over the sport and create a new company to run the sport when the current rights agreement expires at the end of 2012, Ferrari's president told CNN.

Art and life often mimic each other, and it was no different at the Royal Wedding where Princesses Beatrice and Eugenie looked akin to Cinderella's wicked stepsisters.Princess Beatrice's hat has become so famous that it even has its own Facebook page. So who created the hat?

LimeWire, a major peer-to-peer (P2P) company that was accused by the Recording Industry Association of America (RIAA) of being a platform for illegal music transfers, has been let off lightly as it settled the dispute at $105 million, far short of $1.4 billion that was first sought by the plaintiffs.

A 1-1 draw at Blackburn was enough for Manchester United to go one up on Liverpool with a 19th league title as Rooney equalized from the spot after Emerton had opened the scoring in the first half.

The Cannes Film Festival always brings out the biggest stars and this year it's no exception. One of them is the 3D animation Kung Fu Panda 2 star Angelina Jolie. She said Kung Fu Panda 2 was about finding your inner peace.