IBT Staff Reporter

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.

New York Rangers enforcer Derek Boogaard was found dead Friday, by his family members in his Minneapolis apartment where he was spending his off season. He was age 28.

Plans to erect a floating walkway on London's River Thames, affording spectacular views of forgotten parts of the city, got a major boost on Friday

German Chancellor Angela Merkel will secure a parliamentary majority in favor of the planned permanent bailout fund for the euro zone, a senior coalition politician said on Saturday.

Rafael Nadal, Novak Djokovic, Andy Murray and Richard Gasquet became the semifinalists of the Rome Masters and ensured some enticing matches in the build up to the final.

Technology giant Apple has filed for a patent with US Patent and Trademark Office, which could convert text-to-speech and vice versa, Patently Apple reports.

Overall, the situation at the Fukushima Daiichi nuclear power plant remains very serious.

Famous blues singer Etta James, who was admitted to a hospital in Southern California on Monday due to sepsis caused by urinary tract infection, is still under observation, according to her son.

A deranged man enters a supermarket, steals a knife, attacks a 62-year-old woman, cuts off her head, and runs away with the blood dripping head before getting caught. And all this happened in broad daylight while locals and tourists were watching.

Osama bin Laden's final moments were captured on tiny helmet cameras worn by the Navy SEALs that stormed his compound and shot him dead in his third floor bedroom.

Bankrupt bookseller Borders Group Inc said it has received indications of third-party interest for its business that could keep it running as a going concern, a source close to the matter told Reuters.

CBS and Warner Bros. TV have been confirmed that Ashton Kutcher will be the new star of TV sitcom Two and a Half Men. after the self-named warlock Charlie Sheen got fired.

The people of Chicago has honored popular talk show host Oprah Winfrey by renaming the street outside of Harpo Studios, Oprah Winfrey Way.

It is said that Oprah Winfrey herself will choose the last guest for her final talk show that will be aired on May 25 but if The Daily reports are to be believed, it will be Will Smith and his wife Jada Pinkett Smith.

If Osama bin Laden was alive, his next major target could have been U.S. President Barack Obama, confiscated files from the raid on bin Laden’s final hideout mansion in Pakistan has revealed.

Innkeepers USA Trust, the bankrupt manager of more than 70 hotels, gained court approval on Friday of a plan to sell most of its properties to Cerberus Capital Management and Chatham Lodging Trust for $1.12 billion.

LimeWire will pay $105 million to 13 record companies for infringing copyrights according to the Recording Industry Association of America (RIAA) late Thursday.

A U.S. appeals court found memory chip designer Rambus Inc was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits it filed, sending its shares down sharply.

Online pharmacies selling counterfeit drugs or not requiring prescriptions advertised on Google. Google allowed it to continue and now is setting aside $500 million to ward off criminal charges by settling.

Federal criminal authorities are investigating whether a former U.S. securities regulator inappropriately represented alleged fraudster Allen Stanford after he left the agency in 2005.

U.S. President Barack Obama managed to eliminate Al Qaeda leader Osama bin Laden at an appropriate moment because Obama was reportedly on bin Laden's hit list and would have been assassinated during the 2012 presidential elections, according to U.S. intelligence.

Ford Motor Co Chief Executive Alan Mulally made about $1.7 million through a stock option that kicked in after Ford shares traded above $15 a share for 30 straight days, the automaker said on Friday.

United Technologies Corp's Pratt & Whitney unit has won U.S. Navy contract updates totaling about $1 billion to provide engines for the multi-national F-35 fighter jet program, the Pentagon said on Friday.

Gasoline and food prices hoisted U.S. inflation to a 2-1/2-year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve.

Sony Corp's computer networks remain vulnerable to attack three weeks after the company learned that it had been victim of one of the biggest data breaches in history, according to an Internet security expert.

A woman has filed suit against Frito-Lay and Costco for at least $50,000, charging that the Ruffles potato chips she ate contained some objects such as straight pins or needles that led her into surgery.

Bankrupt bookseller Borders Group Inc has so far failed to find a bidder for the entire chain, Bloomberg reported, citing four people close to the matter.