IBT Staff Reporter

A former partner at accounting firm Ernst & Young LLP was guilty of securities fraud for an insider trading scheme but not guilty of conspiracy charges, a U.S. jury ruled on Friday.

Hewlett-Packard Co. is voluntarily recalling lithium-ion batteries used in HP Pavilion, Compaq Presario, HP, and HP Compaq because of fire hazard, the U.S. Consumer Product Safety Commission announced Thursday.

Hedge fund and traditional money management firms hard hit by last year's market meltdown are poised for a surge of mergers and acquisitions to bolster depleted assets and widen sources of revenue.

General Motors has quietly roped off a bit of virtual real estate with an address similar to one used by Chrysler, that could serve as an information clearinghouse if GM seeks bankruptcy protection.

Regulators are looking at ways to protect investors from losing funds backing their derivatives trades in the event of a Lehman-style bank failure.

Hmmmmmm... how interesting. I've just been contacted by a firm who says the UK Telegraph story yesterday misquoted Mark Patterson and that the newspaper pulled down its piece. Considering it was the #1 viewed story on the Telegraph yesterday that is quite interesting. The story has now disappeared into the Error 404 ether on the Telegraph website. I won't speculate on the role of the Invisible Hand reaching out to certain parties ... but a grassy knoll type of person could connect so...

U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.

A U.S. jury found a former partner at accounting firm Ernst & Young LLP guilty of a securities fraud charge on Friday, according to a court document.

Authorities have warned people about a huge emergency-response drill set for New York City's World Trade Center on Sunday, seeking to avoid panic like one caused by an unannounced flyover by a U.S. presidential plane.

French President Nicolas Sarkozy told his Pakistani counterpart he wanted the Muslim country to have a wide-ranging deal to buy nuclear equipment like the one obtained by its rival India, Pakistan said on Friday.

U.S. President Barack Obama on Friday revived the system of Guantanamo military trials for foreign terrorism suspects, angering supporters who said he had broken a promise to end the controversial tribunals set up by the Bush administration.

U.S. economic data offered more evidence on Friday that the recession's worst phase may be over, with April consumer prices unchanged and industrial output declining at a slower pace than in March.

U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.

British Anokimobi Ltd on Wednesday unveiled the world’s first Eco-friendly, high visibility and cost efficient solar powered by the sun rays on Electro Luminescent (EL) based Technology.

NKorea nullifies industrial contracts with South unconditionally

The Department of Energy announced Friday it will dispense $2.4 billion of government stimulus funds for the deployment of carbon capture and storage (CCS) technology.

The greenback edged higher against the euro on a combination of better than expected US economic reports and continued risk aversion flows.

McAfee Inc, the No. 2 computer security company, plans to team up with EMC Corp to offer online PC backup services, and announced the acquisition of a company that protects ATMs against hackers.

U.S. sales of videogames fell 17 percent in April to $1.03 billion, research group NPD said on Thursday, the second steep monthly decline in a row.

U.S. stocks fell on Friday as energy shares dropped on worries about weak oil demand, and banks slipped as investors took recent profits in the sector.

Plans by the United States to tackle climate change through a cap and trade scheme must learn from the mistakes of Europe if they are to avoid giving away multi-billion-dollar windfalls to industry.

General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

Yet another “Laptop Hunter” ad from Microsoft has been rolled out that attacks Apple on its higher-end price tag.

The U.S. economy has pulled back from the edge of the abyss but the recovery will be very slow as Americans' find an equilibrium between the often voracious consumption of past years and a new-found focus on savings, Federal Reserve policy-makers said on Friday..

The United Nations took a step toward a new climate treaty on Friday by publishing the first draft negotiating texts to help bridge a great gulf between options for rich nations to cut greenhouse gas emissions.

The Federal Deposit Insurance Corp disputed on Friday a report that said Chairman Sheila Bair believes some U.S. bank chief executives will be replaced in the next couple of months as regulators assess lenders' financial strength.

Stocks stumbled in choppy trading on Friday as energy shares dropped on worries about weak demand, offsetting stronger-than-expected economic data.

Europe Union Industrial greenhouse-gas emission fell 3 percent on Friday, in line with the emission cuts and high demand in oil prices.

Oil refiners would be given 2 percent of greenhouse gas emission permits under a proposed climate change bill that Democrats in the U.S. House of Representatives are writing, according to a document describing that legislation.