IBT Staff Reporter

Sharply higher prices at the pump pushed overall consumer prices up at their fastest pace in a year and a half, though core prices, which strip out volatile food and energy costs, barely budged, a government report released on Friday showed.

Retail sales in the U.S. rose marginally in December as well as for the year 2010, according to a report by the U.S. Commerce Department.

A U.S. agency that manages federal use of the airwaves has warned that a wireless network proposed by hedge fund manager Philip Falcone could interfere with systems such as Defense Department communications.

U.S. stocks fell on Friday after retail sales rose less than expected and on a mixed reaction to JPMorgan Chase & Co's quarterly earnings, though the S&P was on track to notch a seventh straight week of gains.

JPMorgan Chase & Co reported fourth-quarter earnings jumped 47 percent compared to the year earlier quarter, helped by narrowing losses on bad loans.

Gold fell in Europe on Friday after China's central bank raised lenders' reserve requirements by 50 basis points, with softer haven demand for the metal after solid bond sales by Portugal and Spain also weighing on prices.

The Euro extended its rally on the currency markets, spiking to a 4-week high vs. the Dollar of $1.3450 before easing back. Thus, Gold priced in Euros dropped almost 5% from Monday's near-record high.

The draws are in for the 2011 Australian Open, with Rafael Nadal and Roger Federer the top-two seeded players.

U.S. stock index futures pointed to a lower open on Friday after weak retail sales and a mixed reaction to JPMorgan Chase & Co's quarterly earnings.

The fulfillment of Google's dream to rule the sky which neared reality with its $700 million acquisition of ITA Software may fail as the U.S. Department of Justice gears up to file an antitrust motion to block the deal.

Most users believe in the inexhaustible space on the internet but most people who log on to the net would not believe the problem internet is currently facing - running out of IP addresses.

JPMorgan Chase & Co reported higher-than-expected quarterly earnings, helped by narrowing losses on bad loans that allowed it to release $2 billion of reserves.

Professor of Strategy, Bernard Garrette, who has been teaching and researching at HEC Paris for over 20 years, has been appointed the Associate Dean of the MBA program of the School.

Privately owned U.S. orthopedics group Biomet is set to begin informal talks with Smith & Nephew

U.S. stock index futures fell on Friday despite strong quarterly results from JPMorgan Chase & Co as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.

U.S. stock index futures were lower on Friday despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.

Google has refreshed its Translate for Android with few interesting changes to help the users.

A look at some of the stars under Ophiuchus

JPMorgan Chase & Co reported fourth-quarter earnings jumped, helped by narrowing losses on bad loans.

Shares in semiconductor companies jumped on Friday in Europe and Japan after strong earnings report from sector bellwether Intel, the world's largest chipmaker, defied a slowdown in PC sales.

World’s largest coffee chain Starbucks Corp on Thursday signed a pact with Tata Coffee Ltd, part of India’s Tata group conglomerate, and Asia’s largest publicly traded coffee grower, to source beans and explore opening retail stores in India.

The media reports on the 13th zodiac sign, Ophiuchus, and the change in astronomy, horoscope and zodiac calender sent thousands into an astrological identity crisis. However, the real meaning seems to have been lost in translation.

French drugmaker Sanofi-Aventis hopes to reach a takeover deal that would value U.S. target Genzyme at around $76 per share, or some $20 billion, the French daily newspaper Le Figaro said on Friday.

China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months to make good on its vow that inflation fighting will be a top priority for the year.

U.S. stock index futures pointed to a flat to lower open on Wall Street on Friday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures up 0.04 percent at 5:11 a.m. ET.

Apollo Group announces the launch of a school under University of Phoenix to provide ongoing education to adults and executives.

The euro was flat against the dollar on Friday, shedding early gains posted on ECB concerns about inflation as China again raised banks' reserve requirements to cool growth rates.

A U.S. military presence in the Pacific is essential to restrain Chinese assertiveness, Washington's defence chief said on Friday, describing China's technology advances as a challenge to U.S. forces in the region.

Australia's third-largest city started cleaning up stinking mud and debris on Friday after some of the country's worst floods on record, but in a sign of the task ahead, it could take six months to pump flood waters out of Queensland's coal mines.