IBT Staff Reporter

Swindler Bernard Madoff should spend the rest of his life in prison, U.S. prosecutors argued on Friday, citing the unique scope and duration of his crimes as the leader of Wall Street's biggest fraud.

Doctors completed an autopsy on the body of Michael Jackson on Friday but said they could not immediately establish a cause of death for the King of Pop as speculation centered on his use of prescription painkillers.

The U.S. House of Representatives passed the American Clean Energy and Security Act also referred as the cap and trade bill, in a historic vote on Friday to advance climate legislation that President Barack Obama has promoted during his administration to put the country into a clean energy economy path.

The World Bank's Board of Executive Directors had approved loans totaling $500 million to China to assist a railway project and an urban environment improvement program, WB said on Thursday.

As President Obama announced Friday that climate change legislation as enormous progress in the U.S. Congress history, the House Speaker Nancy Pelosi said the 1,200-page environment and energy bill will pass following a successful test vote earlier on Friday.

Finland and China on Thursday signed high-tech contracts worth $1 billion and planned new top-level trade talks aimed at further deals worth more than $2 billion, said Keqiang Li, Vice Premier of China.

The untimely death of the world’s greatest musical superstar has triggered a scramble to discover the true state of Michael Jackson’s assets, and what will be done with the looming debt that surrounded him.

Apple had officially removed the 'Hottest Girls' App from its store and seems punished the developer of the pornographic app.

The Los Angeles County Coroner on Friday said the autopsy showed that no evident trauma to Jackson's body.

Hours after the news of the king of pop's death was revealed on Thursday afternoon, the families of Michael Jackson gathered at the home of his parents, Joe and Katherine Jackson to mourn his death, in nearby Encino, California.

The U.S. House of Representatives is expected to vote on Friday on climate change legislation that is a high priority of President Barack Obama and Democratic leaders in Congress.

English born actress and close friend to Michael Jackson commented on his death after initially being too devastated to say anything as she tried to come to terms with his death.

Oracle Corp failed to win fast-track approval from U.S. antitrust regulators for its $7 billion deal to buy Microsystems Inc , an attorney for Oracle said on Friday.

The 911 call made from Michael Jackson's house in Holmby Hills on Thursday prior to the singer's death was obtained by TMZ on Friday and posted online.

The Nasdaq rose on Friday, on strong demand for Palm's Inc's Pre smartphone, while the Dow was dragged lower by sliding oil prices and strength in some financial stocks helped cushion the S&P 500's decline.

The producers of Bruno have decided to delete a scene involving La Toya Jackson following her brother's death.

Lisa Marie Presley, the former wife of Michael Jackson, said Friday that he feared that one day he would “end up” like her father, Elvis Presley.

Today still, the minute repeater ranks supreme among horological complications. Universally admired, its intricate construction has remained the preserve of a few master watchmakers with the skill and patience to fit and adjust its delicate parts.

Although the exact cause of Michael Jackson's death remains a mystery, many have suspected a possible drug overdose to be the culprit as fans and family await the result of Jackson's autopsy, due in weeks.

Financier Allen Stanford will remain in a Texas jail at least until Monday as a federal judge reconsiders his $500,000 bond at the urging of prosecutors who say the accused swindler is a flight risk, according to a ruling on Friday.

Swiss adventurer Bertrand Piccard unveiled Friday the prototype of a solar powered plane he plans to fly around the world to highlight the potential of alternative energy sources.

South Korea will boost its military’s strength to counter North Korea’s nuclear and missile threats, defense officials said today, unveiling modifications to the nation’s long-term military modernization plans.

Japan's Sanyo Electric Co Ltd said it plans to boost its capacity to make auto-use nickel-metal hydride batteries by 75 percent to 3.5 million cells a month by March 2010 to meet growing demand.

Actress Farrah Fawcett, the Charlie's Angels television star whose big smile and feathered blond mane made her one of the reigning sex symbols of the 1970s, died on Thursday after a long battle with cancer. She was 62.

The Nasdaq rose on Friday, helped by gains in smartphone maker Palm Inc while other indexes ended little changed in choppy trading.

One day after Michael Jackson's sudden death, speculation turned to what killed the 50-year-old King of Pop on the cusp of a long-awaited comeback concert series.

U.S. consumer spending in May rose for the first time since February and savings hit a record high as federal stimulus measures boosted incomes, bolstering the view that the economy was close to emerging from recession.

Flying to Kiev from Riga was exceptionally pleasant. Air Baltic offered a free lunch with wine - practically unheard of in Europe these days. (Fares are often dirt-cheap and food is not included).

The government unemployment checks keeping Candy Czernicki afloat are fast running out and her prospects of getting a new job appear remote.