IBT Staff Reporter

An informant in the Galleon Group insider trading scandal had a history of sending tips to the firm, according to a court document that surfaced on Friday.

Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.

CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.

AIG , the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light.

Apple on Monday reported better-than-expected profits and sales which smashed Wall Street's forecasts, lifted by record quarter sales of iPhones and Macs.

Federal Reserve Chief Ben Bernanke, seeking policy solutions to manage financial risks as the nation exits a severe economic crisis, on Friday stressed the critical need for Congress take action to tighten finance laws and give greater powers to the government's financial supervisors.

Iran ignored a U.N. deadline on Friday to respond to an international draft deal for it to cut an atomic stockpile the West fears could be used for weapons, and challenged the basis of the pact.

Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp .

Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp .

Investor Carl Icahn said late Friday he has resigned from the board of directors at Yahoo Inc., saying that there was not a need at this time for an activist investor at the internet company. Icahn said in a statement that there were a number of other companies on which he is currently focused, and praised the company's recent search and advertising partnership with Microsoft Corp.

Investor Carl Icahn said late Friday he has resigned from the board of directors at Yahoo Inc., saying that there was not a need at this time for an activist investor at the internet company.

CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.

Facebook rolled out on Friday two new ways that users can see their live feed of their homepage. When users sign into their accounts, they can select to view either the News feed tab or the Live Feed tab. The news feed will feature items Facebook believes are of most value to you, while the live feed will list everything that is going on with your friends.

The Style Network is about to embark on an adventure in constructive self-loathing as the Comcast-owned cable channel gets ready to launch What I Hate About Me.

Fox is changing the way it selects actors for pilots.

After much speculation, rock supergroup Them Crooked Vultures has announced November 17 as the release date for its debut album.

British singer Robbie Williams will receive a career prize at the 30th BRIT music awards in London next year, organizers said on Thursday.

U.S. stocks fell on Friday, with the major indexes slipping for the first week in three, as industrial companies' weak results overshadowed robust earnings from tech and retail heavy-weights.

British R&B singer Jay Sean's single Down returned to the top of the Billboard Hot 100 on Thursday, just a week after Britney Spears' No. 1 debut bumped him to runner-up status.

President Barack Obama said on Friday he saw consensus building in the U.S. Congress on climate change and energy legislation that is considered critical to international talks on a new global warming pact.

British actor Ray Winstone is traveling to New Zealand to star in manhunt thriller Tracker.

Justin Theroux is jamming.

IFC Films has acquired U.S. rights to writer-director Ruba Nadda's Cairo Time, starring Patricia Clarkson and Alexander Siddig.

Jon Gosselin has returned money to the joint bank account he has with Jon & Kate Plus Eight co-star and soon to be ex-wife Kate.

Air France managers have sent a letter to the airline's pilots calling for stricter observance of safety procedures, following a fatal crash in June, French newspaper La Tribune reported.

Pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action will be rare and far between.

Workers at five Ford Motor Co U.S. plants represented by the United Auto Workers have backed a contract aimed at bringing the automaker's labor costs in line with rivals General Motors Co and Chrysler.

Ford Motor Co said on Friday it will idle one of its Canadian plants next week due to a shortage of transmission parts that stems from a labor dispute in India.

Sales of previously-owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.