IBT Staff Reporter

A federal appeals court in New York ruled that a Yahoo Inc Internet radio service is not required to pay fees to copyright holders of songs it plays, a defeat for Sony Corp's BMG Music.

General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.

Instead of warning of market reversals, continuation patterns are usually resolved in the direction of the original trend. Triangles are among the most reliable of the continuation patterns. There are three types of triangles that have forecasting value-symmetrical, ascending and descending triangles. Although these patterns sometimes mark price reversals, they usually just represent pauses in the prevailing trend.

Bradley Birkenfeld, a key informant in the U.S. tax evasion case against Swiss bank UBS , was sentenced to three years and four months in prison on Friday by a federal court judge in Florida.

Ryan Alexander Jenkins, the Megan Wants A Millionaire potential winner, has been charged on Thursday of murdering his 28-year-old ex-wife, Jasmine Fiore, a playboy model, according to California authorities.

Another one of the reversal patterns, the triple top or bottom, is a variation of the head and shoulders. The only difference is that the three peaks or troughs in this pattern occur at about the same level. Triple tops or bottoms and the head and shoulders reversal pattern are interpreted in similar fashion and mean essentially the same thing. Double tops and bottoms (also called M's and W's because of their shape) show two prominent peaks or troughs instead of three.

Actress Stephanie Schoenfeld (C) and countertenor Daniel Gloger (rear C) perform on stage during a dress rehearsal of Friedrich Hebbel's and Antonio Vivaldi's music theatre

A majority of college-bound students getting reading for the coming school semester are a preferring to steer away from Mac laptops, a new study reveals.Instead, students are leaning toward affordable netbooks from a variety of manufacturers, according to Retrevo, a consumer electronics website, that conducted the study.While 49 percent of students will buy full-sized Windows laptops, 34 percent will purchase netbooks. That places Mac's at the very bottom with only 17 percent of students...

J.M. Smucker Co , best known for its peanut butter and jelly, posted a higher quarterly profit that easily beat market view, driven by strong results at its Folgers coffee business, and expected its full-year profit at the top end of its outlook.

Chrysler Group LLC Deputy Chief Executive Jim Press will leave the automaker by the end of the year, the Wall Street Journal reported on Friday.

California authorities on Thursday charged a reality TV star with murder in the death of a pin-up model, as they continued a manhunt for him begun soon after the woman's body was found stuffed in a suitcase.

U.S. Federal Reserve chief Ben Bernanke on Friday offered his clearest signal yet that he thinks a global recovery is at hand, but warned growth would be sluggish and unemployment stubbornly high.

U.S. stocks rallied to new 2009 highs on Friday on positive comments from Federal Reserve Chairman Ben Bernanke and data showing existing home sales rose for the fourth consecutive month.

VH1 has decided to postpone all future airings of the show, Megan wants a millionaire, following the ongoing investigations of one of the contestants, Ryan Jenkins, is wanted for murder.

A federal appeals court in New York, in a victory for Yahoo Inc, on Friday ruled that a webcasting service that provides users with individualized Internet radio stations need not pay licensing fees to copyright holders of the recordings it plays.

Karen Schwarz, Miss Peru 2009, pre-tapes her opening number for the Miss Universe 2009 competition at Atlantis, Paradise Island August 18, 2009. Bolivia is protesting against Miss Peru using a costume from Andean dance Diablada as the outfit in the national costume section of the pageant.

Stock indexes rose on Friday to fresh 2009 highs, as better-than-expected U.S. existing home sales and positive economic surveys in Europe added to optimism the economy was on the mend.

General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.

Sales of previously owned U.S. homes notched their fastest pace in nearly two years in July, an industry survey showed on Friday, the strongest sign yet that housing was pulling out of a three-year slump.

A model shows a swimwear from the collection Australian designer Zimmermann during Mercedes-Benz Fashion Week show in Miami Beach July 14, 2007.

The Halstead Hospital and Hertzler Clinic had seen better days when Andrea Cavgalar got the listing in November 2005. Once the heart and soul of a quaint Kansas town, the medical facility had fallen on hard times and poor management had led to bankruptcy and massive job losses.

Women's clothing retailer AnnTaylor Stores Corp reported a higher-than-expected quarterly profit on Friday, helped by improved merchandise at its LOFT stores and cost cuts.

J.M. Smucker Co , known for its peanut-butter and jelly, posted a quarterly profit that easily topped market expectations, helped by strong results at its Folgers business, and expected its full-year profit at the higher end of its outlook, sending its shares up 3 percent.

Stocks rose on Friday, sending the S&P 500 index to a 10-month intraday high, as better-than-expected July existing home sales in the United States, following positive economic surveys in Europe, added to optimism the economy was on the mend.

Sales of previously owned U.S. homes notched their fastest pace in nearly two years in July, an industry survey showed on Friday, the strongest sign yet that housing was pulling out of a three-year slump.

The extension of exclusive talks that could lead to a merger of India's Bharti Airtel and South Africa's MTN Group weakens the probability of the deal closing, UBS said in a research note.

Two men who were flying in a small plane that crashed on Friday survived but sustained severe injuries.

Irish building materials group CRH is expected to post a steep drop in first-half earnings next week with investors eager for indications of a boost in the second half from U.S. government spending.

Canadian investment firm Sprott Resource Corp announced plans on Friday to buy back up to 6.25 million of its common shares, saying the stock price does not reflect the value of its assets and prospects.