IBT Staff Reporter

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.

Amid the flurry of announcements Apple made Wednesday, the company quietly released the latest version of its iPhone operating system. And as is often the case with iPhone updates, Steve Jobs giveth some new features and Steve Jobs taketh away others.

Canadian billionaire James Balsillie was told on Friday that he will need to apologize and show humility if he wants to one day achieve his dream of owning one of North America's professional ice hockey teams.

U.S. regulators seized Corus Bank on Friday in the fourth-largest bank failure this year and sold its deposits to MB Financial Bank.

Japan Airlines Corp is seeking a capital injection of about 50 billion yen ($550 million) from Delta Air Lines, as well as several billion yen from Air France-KLM, Japan's national broadcaster NHK reported on Saturday.

The Walt Disney Co on Friday announced a deal with The Beatles' company, Apple Corps, to remake the band's movie Yellow Submarine in 3-D, extending the Fab Four's presence in the 21st century.

U.S. regulators seized Corus Bank on Friday in the fourth-largest bank failure this year and sold its deposits to MB Financial Bank .

Lauren Bacall, whose sultry roles in film noir movies To Have and Have Not, The Big Sleep and Dark Passage earned her Hollywood immortality, is to get an honorary Oscar.

There's just no slowing down Elvis Costello.

First-time feature film director Kevin Tancharoen grew up watching the movie Fame. Now, the 25-year-old dancer, choreographer and video director -- who has worked with Britney Spears and Christina Aguilera and who directed the MTV series Twentyfourseven and DanceLife -- presents his contemporary take on the classic tale of the pursuit of dreams.

Writer Larry Gelbart, who developed the hit television show M*A*S*H that uncovered a rich wellspring of comedy and pathos in war, died of cancer on Friday at age 81.

A collection of Andy Warhol paintings valued in the millions of dollars has been stolen from the home of a Los Angeles businessman, police said on Friday.

U.S. infusion of federal funds into clean technology projects has prevented the collapse of many green firms, revived enthusiasm and is now generating optimism for the emerging sector in 2010.

Former Pennsylvania coal miner Richard Trumka isn't president of America's biggest labor federation yet, but he's already cranking up rhetoric on issues from healthcare reform to making it easier to unionize.

Columbia University said on Friday that its endowment lost 16.1 percent in its last fiscal year, far less than its Ivy League rivals Harvard and Yale.

The ACORN scandal video and transcript were released Thursday by the news website BigGovernment.

Auto parts supplier Magna is discovering that its customers like BMW are concerned that it may become a competitor as well as a vendor if it acquires a controlling stake in German carmaker Opel.

The Obama administration is launching a broad push for action on financial regulatory reform, returning to a key legislative priority even as the debate over healthcare consumes the U.S. Congress.

With Cadbury lacking a white knight bidder to come to its rescue in the face of Kraft's $16.1 billion bid, the two companies are set to face off on one question: How much is Cadbury really worth?

The world's oldest person, Gertrude Baines, died Friday at the age of 115 in Los Angeles.

When it comes to water, it is pretty clear to investors that a growing global shortage will bring in new business opportunities.

A U.S. judge on Friday dismissed a lawsuit against Citigroup Inc brought by buyers of auction rate securities, a $330 billion market that collapsed in early 2008.

With Cadbury lacking a white knight bidder to come to its rescue in the face of Kraft's $16.1 billion bid, the two companies are set to face off on one question: How much is Cadbury really worth?

Hacker Albert Gonzalez, accused of masterminding the massive data thefts at BJ's Wholesale Club, TJX and several other retailers, pleaded guilty to some of the largest identity-theft crimes on record on Friday while leaving the federal judge wondering how to compensate his millions of victims.

Anheuser-Busch InBev NV said on Friday its American Depositary Receipts would begin trading on the New York Stock Exchange on Sept. 16 under the symbol BUD.

The FBI on Friday continued their search for missing Yale Student, Annie Marie Le, who was set to wed this weekend.

Improving U.S. consumer sentiment and a big drawdown in wholesale inventories on Friday built on recent evidence that an economic recovery was picking up speed.

Interest rates on U.S. 30-year fixed-rate mortgages fell below 5 percent on Friday, a significant psychological level that should help the hard-hit U.S. housing market to recover, according to real estate website Zillow.com.

NASA has ordered astronauts aboard space shuttle Discovery to switch to a backup runway in California for their planned landing Friday because thunderstorms blocked its return home to the Kennedy Space Center in Florida.