IBT Staff Reporter

The United States must reduce its dependence on oil and begin to reform energy policy, President Barack Obama said on Friday, pledging to do all he could to keep gasoline prices low.

Big jumps in U.S. oil refining shares on Friday in reaction to Japan's massive earthquake could soon reverse as traders digest the impact of the disaster

California appears to be the region of the U.S. that has been hardest hit by the tsunami generated by a magnitude 8.9 earthquake off the coast of Japan.

The U.S. will assist Japan with heavy lifting equipment to move debris and has activated two search and rescue teams to help in the aftermath of the massive 8.9 magnitude earthquake and subsequent Tsunami on Friday that has already killed hundreds of people and has injured and displaced many others.

While the five rappers on this list are probably no surprise, here is the list of today's wealthiest rappers as reported by Forbes.

The president of the New York Federal Reserve Bank doesn't normally face a raucous crowd.

The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession.

U.S. consumer sentiment fell to its lowest level in five months in early March as gasoline prices rose, a survey released on Friday showed.

Hundreds of people are lining up at Apple Inc stores on both U.S. coasts hours before the iPad 2 goes on sale on Friday, signaling strong appetite for a device that extends Apple's lead in the fledgling market it created.

President Barack Obama and first lady Michelle launch an aggressive anti-bullying campaign, enlisting the support of popular youth icons Facebook, MTV and Britney Spears.

Regardless of whether hedge fund chief Raj Rajaratnam ends up testifying at his criminal trial, jurors are going to hear a lot from him.

Nokia, the world's top cellphone maker by volume, is more confident that it will not need to write down its $8.1 billion Navteq acquisition, a corporate filing showed on Friday.

Memo to central bankers:Best not to cite the price of the new iPad as an example of why inflation isn't a problem when you head into a working-class neighborhood.

U.S. job openings slipped in January, as did the job openings rate, government data showed on Friday.

Toshiba's main facility producing flash memory used in tablets and smartphones has resumed production after the Japanese earthquake and chip prices could rise due to the setback and logistic problems.

With his 67th birthday just weeks away, the investor widely known as the Bond King has taken one of the biggest bets of his life -- but at least Bill Gross has got some company.

NEW YORK, March 11 - In a closely watched case that could test the reach of U.S. antitrust law, four Chinese companies face powerful evidence that they colluded to limit production and fix prices of vitamin C in the United States. The evidence is so convincing, in fact, that the defendants have not contested the allegations.

Job openings slipped in January, as did the job openings rate, government data showed on Friday.

Europe's banks will be given details of this year's health check of the industry next week, potentially including the capital level needed to pass, people familiar with the matter said on Friday.

National banking groups representing firms of all sizes are getting behind a lawsuit challenging the constitutionality of a crackdown on debit card processing fees.

Google announced via blog post its allowing its users to block certain websites from search results.

Senator Ron Wyden told a White House meeting he is ready to propose a new version of the Build America Bonds program that was part of the federal stimulus plan and that expired in December.

Oil prices fell on Friday after a massive earthquake shook Japan, shutting refineries and other industrial facilities in the world's third-largest oil consumer.

Guantánamo Bay is a bay located in Guantánamo Province at the southeastern end of Cuba. It is the largest harbor on the south side of the island and is surrounded by steep hills creating an enclave cut off from its immediate hinterland.

At the CanSecWest conference ni Vancouver, Safari and Internet Explorer 8 were both successfully hacked, showing that even the latest browsers are vulnerable.

Here is a look at some of the celebrities and what they tweeted.

Motorola has started rolling out updates to Xoom tablets in preparation for a later flash update.

Spot prices for flash memory chips used in smartphones and tablets could jump after the Japanese earthquake, although it would likely have only a limited impact on global supplies, an analyst said.

Nokia, the world's top cellphone maker, sees less risk than a year ago of a writedown from its $8.1 billion Navteq acquisition, a corporate filing showed.