IBT Staff Reporter

A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.

Controlling a small ball with a smartphone is just the tip of the iceberg for entrepreneur Ian Bernstein.

Google Inc admitted to trespassing, but will pay just $1 to resolve a lawsuit over its use of photos of a couple's Pennsylvania home for its Street View mapping service.

Manufacturing orders in the U.S. posted a drop in October following a rise for three consecutive months, the U.S. Department of Commerce reported on Friday.

Singapore Airlines Cargo (SIA Cargo) has agreed to plead guilty in a price-fixing case and pay a $48 million criminal fine, the U.S. Justice Department has announced.

German strength propelled the recovery of the euro zone's dominant services economy in November, surveys showed on Friday, after China declared a new prudent monetary stance to help regulate its fervent growth.

New orders received by U.S. factories dropped 0.9 percent to a seasonally adjusted $420 billion in October, a setback for the manufacturing sector as demand declined across a broad array of goods, a government report on Friday showed.

Gus Sauter, Vanguard Group's chief investment officer, vividly recalls the first time he proposed exchange-traded funds to his boss.

Stocks were headed for their best week in a month on Friday after a brighter assessment of the economy and a more optimistic view of Europe's debt crisis drove a rally earlier this week.

After irking the FOSS community by attempting to muscle control over open-source projects like Java, MySQL, OpenOffice and Solaris, Oracle is back again and is eyeing Hudson project, much to the dismay of open-sources.

Spot Gold jumped over $1400 per ounce in wholesale dealing on Friday in London, holding onto an earlier drop vs. the Euro as the single currency rose sharply on news of weaker than expected US jobs growth in November.

From holding private movie screenings to commissioning new holiday music, retailers are getting creative as they try to avoid a sales lull after the Black Friday rush last week.

The founder of the whistle-blowing organization WikiLeaks on Friday held an online question and answer session having in recent days embarrassed the U.S. government by publishing confidential embassy reports.

Yearly global emissions of anaesthetic agents can be compared with that of carbon dioxide emissions from one million cars or one coal-fired power plant, says a study.

U.S. short-term interest rate futures traders boosted bets the Federal Reserve will wait until mid-2012 before raising rates, after a government report showed the U.S. jobless rate unexpectedly rose in November.

The unemployment rate in the U.S. surprisingly edged up in November after remaining constant for three months, the U.S. Labor Department reported on Friday.

Disparities in the global economy were evident on Friday with weak jobs data underscoring the long road to recovery in the United States while China and Brazil took steps to contain rapid growth.

On the first week of a busy December in the Premiership, Everton will travel to West London, to Stamford Bridge to take on the champions - Chelsea.

Global law firm Chadbourne & Parke has elected Andrew A. Giaccia as its new managing partner.

U.S. employment increased far less than expected in November and the jobless rate jumped to a seven-month high of 9.8 percent, dampening hopes for a self-sustaining economic recovery.

Close-out retailer Big Lots Inc posted a lower-than expected quarterly profit, and the company cut its outlook for the crucial holiday quarter, in the face of strong competition from rivals, sending its shares down 5 percent in pre-market trade.

Whistle-blower website Wikileaks struck its first blow, as German vice-chancellor Guido Westerwelle sacked his office manager on charges of spying for the United States. Helmut Metzner has reportedly admitted to have given regular information to the US embassy in Berlin.

U.S. spy planes flew reconnaissance flights over Lebanon from a British air base in Cyprus, leaked U.S. documents show, in a counter-terrorist surveillance operation requested by Lebanese officials.

A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.

Close-out retailer Big Lots Inc cut its outlook for the crucial holiday quarter, in the face of strong competition from rivals especially in the toys category, and a rise in debit card processing fees, sending its shares down 5 percent.

U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical coal.

Disney bosses considering making Pirates of the Caribbean 5 and 6 sequels back to back next year

Researchers from NC State and Carnegie Mellon developed a shoe radar to work in conjunction with GPS.

Encrypt Stick, a Vancouver, B.C.-based company says it has created a portable, encrypted web browser.