IBT Staff Reporter

Sony Corp's No.2 Kazuo Hirai will brief media on Sunday about a huge security breach of its PlayStation Network, the first time an executive of the Japanese electronics giant will publicly address the case, which could prompt global legal actions.

Sony Corp's Executive Deputy President Kazuo Hirai will hold a news conference on Sunday on a massive security breach of its popular PlayStation Network, the Japanese electronics giant said.

Bank of Japan Governor Masaaki Shirakawa said on Saturday that the country's economic outlook was very severe and that the central bank would take appropriate action to support the economy.

Warren Buffett may be under fire from New York investment managers over a scandal involving one of his former lieutenants, but on his home turf his most loyal shareholders think he is doing just fine.

Prince William and Catherine Middleton continued the 88 year tradition of the British monarchy to use wedding ring made of rare Welsh gold. Ironically, it was May 1999 when Gordon Brown sold half of Britain's gold reserves at rock bottom prices, squandering many billions of the national wealth.

Apple Inc won the first round in a patent fight with Elan Microelectronics Corp over touchpad technology, the ITC said on Friday.

Mobile telecom gear venture Nokia Siemens Networks closed its $975 million acquisition of Motorola Solutions' mobile gear unit on Friday, four months behind the original schedule

In a big win for business, the Treasury proposed on Friday to exempt commonly used foreign exchange swaps and forwards from new rules that have tightened oversight of other derivatives.

Microsoft Corp shares fell as much as 5 percent on Friday, a day after the software company reported a dip in its Windows operating system sales.

Gold surged to a record high on Friday for the third straight day, as investors kept up a buying frenzy fueled by the outlook for low U.S. interest rates that has propelled bullion to its seventh consecutive weekly rise, its longest winning streak since 2007.

Chevron and Total became the latest big oil companies to post sharp increases in profits as crude prices surged and refining margins improved along with global fuel demand.

Former hedge fund manager Donald Longueuil has pleaded guilty to conspiracy and securities fraud charges arising from an insider trading scheme in which he obtained and traded on material, non-public information, Preet Bharara, the United States Attorney for the Southern District of New York, said.

Microsoft Corp shares fell their most in almost two years on Friday, a day after the software company reported a dip in its Windows operating system sales.

David Bart Goldstein, a Baltimore lawyer, has pleaded guilty to distributing child pornography.

NASA's satellites caught the devastating tornadoes that ripped through the south.

The following are the wedding vows taken by Prince William and Catherine 'Kate' Middleton at The Collegiate Church of St. Peter, Westminster, which is also known as Westminster Abbey, in London on April 29, 2011.

The founder and president of a technology services company located in Rhode Island and Georgia has pleaded guilty in U.S. District Court in Providence to bribing a public official in a kickback scheme netting more than $9 million of naval funds, United States Attorney Peter F. Neronha announced.

The Justice Department has announced that Johnny Mathis, 47, of Lecompte, La., pleaded guilty to two federal crimes for shooting at the home of three Hispanic men living across the street from him because of the victims' race and national origin.

Alchico Grant and Melinda Clayton were indicted by a federal grand jury in the Middle District of Alabama on a variety of charges stemming from an identity theft and tax fraud scheme, the Department of Justice, U.S. Attorney Leura G. Canary and the Internal Revenue Service (IRS) have announced.

Both Microsoft and Research In Motion took stock hits on Friday after bad news about their flagship products.

A former U.S. probation officer, Mark John Walker, 52, of Eugene, Ore., has pleaded guilty to charges related to his engaging in sexual contact or aggravated sexual abuse with female offenders who were under his direct supervision as a federal probation officer from 2006 to 2009. Sentencing is scheduled for July 18, 2011 before Chief U.S. District Judge Ralph R. Beistline, who is a visiting judge from Alaska.

Barclays Plc is disputing a court order that lays out to which of Lehman Brothers Holdings Inc's assets Barclays is entitled from its rushed 2008 purchase of the company's North American arm.

According to a Gallup poll, over half of Americans belief that US economy is in Recession or Depression. More and more people are even preparing themselves and their families to become independent from the system, in order to survive a coming economic collapse, where the distribution of food and energy will break down.

U.S. District Judge Donald E. Walter have sentenced Jeremy Matthew Moro, 33, and Joshua James Moro, 23 pursuant to their January 2011 guilty pleas to conspiring to violate the civil rights of an interracial couple by burning a cross near their home in Athens, La., in October 2008.

Stocks rose on Friday on strength from Caterpillar and other industrials, lifting the Dow and Nasdaq to their best monthly performance since December.

The Royal Wedding ended but people around the world especially England is still in a festival mode. The Royal Wedding was almost all smiles on Friday, but for one very unhappy bridesmaid. Grace van Cutsem - just three years old - seemed unhappy camper. There are some funny and cute moment pictures of bridesmaids and pageboys.

U.S. stocks rose on Friday on strength from Caterpillar and other industrials, lifting the Dow and Nasdaq to their best monthly performance since December.

A former White House lawyer is all set to face trial for attempted murder and aggravated assault after plea negotiations broke down on Thursday.

The U.S. economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the U.S. central bank has studied lower income communities.