IBT Staff Reporter

President Obama, who had planned to speak at the climate change summit in UN summit on climate change in Copenhagen on Wednesday, will now only arrive on Dec. 18, the White House said Friday.

American student Amanda Knox and her former Italian boyfriend, Raffaele Sollecito, were on Saturday found guilty of the murder and sexual assault of former roommate Meredith Kercher and sentenced to 26 and 25 years respectively in prison.

Cisco Systems Inc is expected next week to say it can return to double-digit sales growth due to a stronger economy and expansion in high-growth businesses, including the acquisition of videoconference leader Tandberg .

The Copenhagen Council and Lord Mayor, Ritt Bjerregaard who is hosting the UN Climate Change Conference (COP15) urged guests and delegates not to buy sex.

U.S. Treasury Secretary Timothy Geithner said on Friday that not even the largest banks could have survived without government intervention last year.

Slim Fast is recalling all of its canned Slim Fast drinks due to possible bacterial contamination.

Myanmar's Supreme Court said Friday that It will allow opposition leader Aung San Suu Kyi, the Nobel laureate to appeal against the extended house arrest.

The Obama administration can shift substantial resources from bank bailouts to job creation and will soon spell out the case for doing so, Treasury Secretary Timothy Geithner said on Friday.

Nintendo Wii, one of the hottest Christmas gift ideas, is getting another $50 off its retail price, thanks to WalMart. The retail giant said it will be offering a $50 gift card to anyone who purchases the game console, effectively lowering the price to $149. The average retail price for a Nintendo Wii is $199.

Rihanna attracted thousands of her fans for a concert at New York City's Hammerstein Ballroom Thursday, to mark the release of her new album Rated R, which critics say is her statement on ex-boyfriend Chris Brown's assault on her and her healing.

Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how television shows and movies are made, but how they are delivered to the home.

Real estate investment trust HRPT Properties Trust (HRP.N) said it closed a new mortgage financing for $175 million, secured by one of its Philadelphia properties.

U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, lifting the beleaguered U.S. dollar as investors bet a sustainable recovery was building.

Italian Prime Minister Silvio Berlusconi was accused of making a political deal with the Mafia in the 1990s by a jailed Mafia mobster.

The British founder and chief executive of ING Real Estate Investment Management's multi-manager business has resigned due to the company's plans to relocate the unit's global team to the Netherlands.

Banking on Banks; Fast Food Blues; Another BP Spill

Kraft Foods made its formal $16.1 billion offer to Cadbury shareholders, triggering a two-month takeover fight for the chocolate maker and a frosty response from Britain.

Interest rates on U.S. 30-year fixed-rate mortgages rose to 4.79 percent on Friday after hitting a record low of 4.52 percent earlier in the week, according to real estate website Zillow.com.

U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing responsibility for bad loans to originators, Moody's Investors Service said in a report.

U.S. stocks advanced on Friday as data showed the economy shed far fewer jobs than expected last month, brightening the outlook for the economy and profits.

General Motors and Suzuki Motor Corp have agreed to dissolve their vehicle manufacturing joint venture in Canada, with GM buying Suzuki's stake in the operation, the companies said on Friday.

The Dow dipped and the S&P 500 clung to a tiny gain on Friday as investors wrestled with the prospect that the Federal Reserve might have to raise interest rates after data showed the economy shed far fewer jobs than expected last month.

Oil prices fell nearly $1 to below $76 a barrel on Friday, pressured by a stronger dollar which outweighed better-than-expected U.S. jobs data.

The dollar jumped against major currencies on Friday after data showed the United States lost far fewer jobs than expected last month, bolstering hopes the economy is on a stable path to recovery.

The draw of the teams who will face each other in the 2010 World Cup in South Africa took place Friday in South Africa.

Sony will surpass $2 billion in international box office during the coming weekend as the studio marks its biggest worldwide haul ever at $3.36 billion and counting.

U.S. stocks rose on Friday as investors believed that data showing the economy shed far fewer jobs than expected last month has brightened the profit outlook.

General Motors and Suzuki Motor Corp have agreed to dissolve their vehicle manufacturing joint venture in Canada, with GM buying Suzuki's stake in the operation, the companies said on Friday.

Federal investigators suspected a decade ago that Galleon Group hedge fund founder Raj Rajaratnam was trading on inside information but were unable to prove he was breaking the law.