IBT Staff Reporter

President Barack Obama thinks the last two U.S. economic expansions were bubble-driven and wants to make sure the next one isn't.

Nestlé USA voluntarily recalled its Toll House refrigerated cookie dough on Friday after health officials linked the dough to infections from the bacteria E. coli in as many as 66 people in 28 states after eating the dough raw.

A string of new polls seems to show that America’s belief in the wonder-working power of Obamanomics has begun to fade.

Supermodel Gisele Bündchen is pregnant and due early next year, People Magazine reported today citing anonymous sources.

Trimming carbon dioxide emissions from existing coal powered plants is crucial to achieve significant reductions around the world and stave off climate change, according to a report from the Massachusetts Institute Technology Energy Initiative on Friday.

The new strain of H1N1 flu is causing

The severe U.S. recession is likely to end by year-end but the recovery will be weak and leave the economy vulnerable to new shocks, according to some of Wall Streets top strategists.

Dutch twin brothers who mugged a teenager in the northern town of Groningen were arrested after being caught on camera by a car gathering images for Google's online photo map service, police said.

The Dow slipped on Friday and the S&P 500 was flat as falling oil prices pressured energy shares, but Microsoft boosted the Nasdaq and tech sector after positive broker comments for the software maker.

President Obama said on Friday that he is “committed to passing an immigration reform” which could give an opportunity for illegal immigrants to become citizens.

Open source browser and jukebox Songbird on Friday said its new music player 1.2 version features new library organization, and a two way iTunes media function that can easily be synced to Apple’s iPhone and iPod touch.

Sony on Friday introduced its new line of light and thin computers with the VAIO NW notebook, featuring with Blu-ray technology and a ‘powerful high-definition experience.’

As the downturn still hangs over Hong Kong, the number of bankruptcy petitions and orders surged 69.9% and 71.7% by May 2009, the Official Receiver's Office said on Thursday.

For the third consecutive summer, Apple rolled out a new phone, and for the third consecutive summer, crowds headed out to buy it - though the turn out was not as large in number as they had in the past.

Eleven U.S. states on Friday called for a deeper probe into the $165 million of bonuses that American International Group Inc awarded employees in a unit whose losses led to a federal bailout of the insurer.

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President Barack Obama's choice to head the Federal Communications Commission plans to review the exclusive arrangements between wireless carriers and cell phone makers.

The Nasdaq rose on Friday, boosted by positive broker comments on Microsoft Corp, while the S&P 500 and Dow were pressured by energy shares as the price of oil eased.

Robert Allen Stanford, 59, is set to appear in court today, after he and four other associates were indicted on fraud and obstruction charges in an alleged $7 billion Ponzi scheme to defraud investors, the U.S. Department of Justice said today.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.

Berkshire Hathaway Inc's General Re Corp and other companies have won dismissal of lawsuit accusing them of helping American International Group Inc defraud investors.

The Obama administration's proposed financial regulatory revamp could upend Wall Street brokerages by compelling brokers to put their clients' interests ahead of their own, The Wall Street Journal said on Friday

Stocks rose on Friday as Microsoft lifted technology shares following positive comments from Goldman Sachs, and bets on a recovering global economy.

Deutsche Bank lit a seven-storey-high sign in the middle of Manhattan on Thursday that counts the total amount of greenhouse gases trapped in the Earth's atmosphere.

First Republic Bank - in the news this week after several private equity groups, including Blackstone and the Carlyle Group reportedly expressed interest in buying it from Bank of America Corp. - is a private banking and wealth management firm focused on high net worth individuals and their businesses.

Supreme Leader Ayatollah Ali Khamenei defended Mahmoud Ahmadinejad on Friday as the rightful winner of Iran's presidential election and called for an end to the biggest street protests in Iranian history.

The new strain of H1N1 flu is causing something different to happen in the United States this year -- perhaps an extended year-round flu season that disproportionately hits young people, health officials said on Thursday.

Iran's Supreme Leader Ayatollah Ali Khamenei on Friday demanded an end to street protests that have shaken the country since the disputed presidential election a week ago and said any bloodshed would be their leaders' fault.

Federal Reserve Bank of Kansas City President Thomas Hoenig said on Friday that the U.S. central bank was thinking seriously about its exit strategy, but inflation was not yet an imminent danger.