IBT Staff Reporter

George Steinbrenner, longtime owner of the New York Yankees baseball team, was accused in a lawsuit on Friday of fraud and breaching an agreement over the running of his $3 billion cable TV network.

ARTIST: WEEZERSINGLE: I WANT YOU

DJ AM was found dead Friday afternoon in his apartment in SoHo, New York. The circumstances surrounding his death remain unclear.

Sun Microsystems Inc reported a fourth quarter loss on Friday, as the computer server maker's planned acquisition by Oracle Corp nears expected completion.

The U.S. Federal Reserve won a delay of a federal judge's order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received.

Apple's iPhone will go on sale later this year in China, the world's largest mobile market, but its partner China Unicom may find selling the phone carries its own burdens.

Authorities investigating a man accused of kidnapping an 11-year-old girl and keeping her in his backyard for 18 years searched his California home on Friday for evidence in the 1990s murders of prostitutes.

Songwriter and guitarist Noel Gallagher announced Friday he had quit Oasis, saying he could no longer work with his brother Liam, the rock band's singer.

Pop star Michael Jackson's death was ruled a homicide from drug overdose on Friday, fueling speculation his personal physician, Dr. Conrad Murray, may soon be charged with manslaughter or another crime.

A 15-year-old Belgium boy is allegedly the latest victim in a series of mysterious iPhone explosions that have captured the attention of France's and the European Commissions' consumer affair watchdogs.

Apple may be not only working on a 10-inch tablet, but also in 13 and 15 models, one running Mac OS X, Gizmo said on Friday citing a source that has always been 100% reliable.

A U.S. court struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp that could spark many industry deals.

A U.S. court struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp that could spark many industry deals.

Pop star Michael Jackson's death has been ruled a homicide from an overdose of the anesthetic propofol and other drugs, and police will refer the case to prosecutors for possible criminal charges, officials said on Friday.

Apple is geared to see huge profits next year with analysts predicting the company will sell somewhere between five and seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier

A suicide bomber failed in his attempt to kill the prince who heads Saudi Arabia's anti-terrorism campaign, the first attack on a member of the royal family since the start of a wave of violence by al Qaeda six years ago.

The Securities and Exchange Commission's internal watchdog has criticized the agency for approving a credit rating agency, even though it had suspicions about the accuracy of its financial information.

The United States on Friday welcomed Beijing's decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.

Republicans and Democrats were to come together at a private memorial service on Friday to honor Senator Edward Kennedy, the standard-bearer for liberal Democrats and patriarch of an American political dynasty.

U.S. stocks mostly slipped on Friday after a weak consumer sentiment report offset positive news from bellwethers Dell Inc and Intel Corp .

Britain's National Express is looking to raise between 300 million pounds ($488.6 million) and 350 million in a rights issue after rejecting a proposed takeover approach led by its main shareholder.

Worries over high unemployment pushed U.S. consumer confidence to a four-month low in August, while spending rose modestly in July, indicating the economy's recovery from recession would be lethargic.

A free birthday bash for the public celebration of Michael Jackson's birthday will be held on Saturday and is expected to draw a crowd of more than 10,000, the New York Times reported.

Worries over high unemployment pushed U.S. consumer confidence to a four-month low in August, while spending rose modestly in July, indicating the economy's recovery from recession would be lethargic.

Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.

General Motors may be dragging out a decision on the sale of Opel until after German federal elections in 30 days time, calculating that a new government in Berlin may drop its backing for Magna (MGa.TO).

The pay czar tasked by the U.S. government with ruling on the eye-popping compensation of some of Wall Street's top earners is far from a stranger to big paychecks and the trappings of wealth.

Confidence indicates slow recovery; Credit card limits drop; Mets owners in Madoff trouble

Authorities have revealed the story of Jaycee Lee Dugard Thursday afternoon in a press conference, who was kidnapped in South Lake Tahoe when she was 11 years old in 1991.