IBT Staff Reporter

Firefox on Thursday gained ground after the launch of its newest its launch on June 30, gaining 2 percent share in the US market against its rival internet browsers.

A powerful Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions.

China and India lashed out on Friday at the possibility of tariffs slapped on carbon-intensive exports, even though analysts said proposed U.S. measures were years away and would be hard to implement.

South Carolina Governor Mark Sanford, who faces growing calls to quit over an extramarital affair, did not misuse public funds in trips he made to see his mistress, the state's top police official said on Thursday.

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.

The Federal Reserve jolted the U.S. asset-backed securities market back to life this year, after a crippling credit crisis threatened to shut it down, but despite a major recovery not many are convinced the market is prepared to stand on its own.

A senior Iranian cleric suggested on Friday that detained local staff from the British embassy in Tehran would be put on trial in the Islamic Republic for their alleged role in post-election unrest.

Pop star Michael Jackson's ex-wife Debbie Rowe cast a shadow over the unveiling of plans on Friday for the King of Pop's memorial service next week, as a legal battle shapes up over custody of their kids.

Budding signs of stability in the ailing U.S. automotive sector will kick-start a quicker demand recovery for aluminum, even as the industrial metal's supply base in U.S. warehouses will continue to swell from the industry's severe downturn.

Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in IOUs to avoid a cash crisis on the second day of a new fiscal year without an agreement to balance the state's books.

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

Corrects vice-minister's name in paragraph eight

A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.

The New York Times leads its

At the midyear mark, even some of the best-performing mutual funds of 2009 are still working on comebacks from dismal losses last year, underscoring lingering uncertainty in markets and in the funds industry.

Robert Neal will take to the road this Independence Day holiday the same as millions of other Americans. But there's a difference in their road-trip ritual this Fourth of July.

Outsourcing of healthcare services is expected to gain momentum as the prolonged slowdown forces U.S.-based government agencies and healthcare firms to cut spiraling costs and deal with a shortage in qualified personnel.

Saturday will be an exciting day with the Williams's sisters meeting in the women's final followed by the men (who will be decided today) meeting in their finals on Sunday in Wimbledon.

It is a little too early to celebrate new life in the housing market, but Americans should soon have something to party about if the spring housing season is any gauge.

Swedish banking group Handelsbanken said on Thursday it had taken over some units of bankrupt auto component maker Plastal from receivers.

Bankrupt commercial printer Quebecor World Inc said on Thursday that its U.S. and Canadian plans of reorganization have been approved by a U.S. bankruptcy court and the Quebec Superior Court.

Oil traded below $67 a barrel on Friday, adding to a fall of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.

Fireworks planned nationwide, Weekend at the Movies, TEA Party tax protests, Post office closures

Hunan Taizinai Group, a top dairy products maker in China, on Friday denied a Chinese media report that it was in talks to sell assets to the world's biggest food group Nestle AG.

A top German government official warned bidders for Opel on Friday to develop a business plan that can meet European Union guidelines on state subsidies because Berlin expects an in-depth anti-trust probe of any deal.

Treasure Hunting will go fully digital on Friday night when players chase a mysterious oriental wand with special powers along the narrow streets and bridges of Venice.

Wilmar International, the world's largest listed palm oil company, has hired three banks to handle what sources say could be a $3 billion flotation of its China business.

Petro Andina, a Canadian-based oil and gas exploration company, said on Friday its board unanimously recommends that its shareholders reject an unsolicited bid by Netherlands-based Pluspetrol Resources Corp.

Global investors Carlyle and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubled U.S. insurer looks to divest some of its global assets.