IBT Staff Reporter

Shares of China's top videogame company Shanda Games Ltd fell 14 percent on Friday in one of the worst trading debuts of the year, the latest indication that while the IPO market may be recovering, investors are still selective.

The leaders of the world's 20 largest economies agreed on Friday that the G20 will replace G8 as world's dominant economic coordinator.

O2, Palm Pre's exclusive carrier when it comes to the UK from 16 October, has announced pricing for the iPhone rival which will cost the same in monthly charges as Apple's 3GS device.

Ever felt like being able to speak more than one language would make you that bit cooler? Ever got lost and wish you could ask for directions instead of miming and putting your charades skills to the

Johnson & Johnson said on Friday U.S. regulators approved its new treatment for psoriasis, called Stelara, for patients 18 years or older with moderate to severe psoriasis.

Fidelity National Financial Inc, which controls one of the largest U.S. title insurers, said it will sell Fidelity National Capital Inc to Winthrop Resources Corp, a unit of TCF Financial Corp, to lower debt

Chancellor Angela Merkel's hopes of forming a new center-right government suffered a blow on Friday, two days before Germany's federal election, as a new opinion poll showed her just short of her goal.

The chief financial officer of government-controlled mortgage finance company, Freddie Mac's, will start his new job with annual pay of up to $3.5 million and a nearly $2 million signing bonus, the company said in a regulatory filing late Thursday.

Mattress makers Simmons and Serta are planning to dethrone competitor Sealy as the world's largest mattress company in a $760 million deal that includes Simmons filing for bankruptcy.

It takes about six weeks for a bonafide couch potato to see real results from a fitness program, though feeling the results starts to happen immediately.

Some U.S. airlines have added a $10 surcharge to fares for travel dates around the Thanksgiving and New Year's holidays, according to FareCompare.com, a site that compares prices for flights.

Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.

Pennsylvania regulators said on Friday they ordered Cabot Oil & Gas Corp (COG.N) to stop all hydraulic fracturing operations at company natural gas wells in Susquehanna County following three recent chemical spills.

Financially stricken U.S. hog producers are cutting back on supply in a bid for profits but consumers will continue to get plentiful pork at grocery stores well into next year, analysts said on Friday.

The Group of 20 rich and developing nations declared their crisis-fighting efforts a success on Friday and promised to give rising powers such as China more say in rebuilding and guiding the global economy.

Ali Jahanshahi, a young, tech-savvy British-Iranian, quit his job selling computers to come to New York with the ambitious goal of ousting Iranian President Mahmoud Ahmadinejad.

Twitter closed a new round of funding on Friday with five investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, underscoring growing investor interest in the three-year-old Internet microblogging service.

Stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.

The Group of 20 rich and developing nations declared their crisis-fighting efforts a success on Friday and promised to give rising powers such as China more say in rebuilding and guiding the global economy.

As reported earlier this week, AT&T began to deliver multimedia messaging service (MMS) for iPhones in the U.S. on Friday.

St. Louis Federal Reserve President James Bullard said on Friday it is difficult to communicate the Fed's likely monetary policy direction clearly to markets with benchmark interest rates near zero.

Twitter nabbed $100 million in funding and a $1 billion valuation on Friday from five firms including mutual fund giant T. Rowe Price, as investors bet that the Web sensation's explosive growth will yield actual revenue or a lucrative deal.

Iranian President Mahmoud Ahmadinejad said on Friday his country's newly disclosed nuclear fuel facility was legal and open for inspection by the International Atomic Energy Agency.

ARTIST: ALICIA KEYS SINGLE: DOESN'T MEAN A THING

AT&T Inc said any new net neutrality rules imposed by U.S. regulators need to apply to Web companies like Google Inc as much as to phone companies to ensure a level playing field.

New orders for long-lasting U.S. manufactured goods fell in August and sales of new homes rose below expectations, government data showed on Friday, fanning fears that recovery from recession would be anemic.

Yale University said on Tuesday that its endowment produced an investment loss of 24.6 percent in the fiscal year ended June 30, when big bets on private equity holdings, real estate and commodities soured.

U.S. stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.

Stocks fell for a third straight day on Friday after disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented optimism about tech spending.