IBT Staff Reporter

The U.S. Treasury department's financial bailout has a $78 billion shortfall when comparing the capital purchases it made to the bank assets it received, according to a Congressional Oversight Panel, according to a report.

The U.S. Treasury department's financial bailout has a $78 billion shortfall when comparing the capital purchases it made to the bank assets it received, according to a Congressional Oversight Panel, according to a report.

Joe Satriani is to serve Coldplay band at the Grammy's Award Ceremony on Sunday in Staples, Los Angeles, over their alleged plagiarism, according to reports.

On February 5-6, Toshiba Corporation will showcase its latest environmental initiatives for the general public in the '18th Environmental Exhibition' at the company's Tokyo headquarters.

On February 5-6, Toshiba Corporation will showcase its latest environmental initiatives for the general public in the '18th Environmental Exhibition' at the company's Tokyo headquarters.

The unemployment rate in the US continues to rise, reaching its highest level since 1992 in January with 598,000 jobs lost.

The unemployment rate in the US continues to rise, reaching its highest level since 1992 in January with 598,000 jobs lost.

Additional audio features for the MLB '09 The Show have been released. Senior Sound Designer Andrew Bracken from Sony's San Diego Studios and MLB introduced the new audio features to all for all PlayStation baseball fans.

Additional audio features for the MLB '09 The Show have been released. Senior Sound Designer Andrew Bracken from Sony's San Diego Studios and MLB introduced the new audio features to all for all PlayStation baseball fans.

USA Swimming sensation Michael Phelps, who was photographed inhaling from a marijuana pipe, has been suspended from competition and cut off its financial support for three months effective, the sport's national governing body said in a statement.

Toyota Motor Corp., the world's largest automaker, announced Friday its annual loss this fiscal year may be three times larger than originally expected as global auto sales continued to weaken.

Nadya Suleman, 33, the mother of six who made headlines last month by giving birth to octuplets, told TODAY's Ann Curry that she always wanted a large family.

Angelina Jolie traded the glitz and glamour of the movie awards season for a visit to Thailand and urged the Thai government to respect the human rights of Myanmar's Rohinyga boat people , a U.N. spokesman said Friday.

Backstreet Boy’s Nick Carter said in a recent interview with People Magazine, that his ten year addiction with drugs and alcohol almost caused him to die.

As more Americans get used to watching video on their computers, websites offering free movies, TV and clips are enjoying a 13 percent increase in web traffic from the previous month.

Embattled auto parts supplier Delphi Corp. has asked permission to cancel health care and life insurance benefits for current and future salaried retirees from a bankruptcy judge.

Google announced the launch of a mobile version of Google Book Search, opening up over 1.5 million mobile public domain books in the US, and over half a million abroad, in a bid to compete against Amazon's Kindle eBook reader.

President Barack Obama will formally introduce the members of the economic advisory panel on Friday as he moves to steer the economy out of a deepening crisis.

President Barack Obama will formally introduce the members of the economic advisory panel on Friday as he moves to steer the economy out of a deepening crisis.

Retail industry sales results for January were mostly lower, on Thursday, however the largest U.S. retailer, Wal-Mart, exceeded analysts' expectations.

DICE is once again returning to World War II for the next Battlefield sequel.

DICE is once again returning to World War II for the next Battlefield sequel.

New Tennessee coach Monte Kiffin has been reprimanded by the SEC commissioner for calling Florida coach, Urban Meyer, a cheater on Thursday.

Samsung Electronics Co., Ltd. announced that it has developed and validated the first 40-nanometer (nm) class DRAM chip and module.

Samsung Electronics Co., Ltd. announced that it has developed and validated the first 40-nanometer (nm) class DRAM chip and module.

Eddie Van Halen has promised more new Van Halen tour albums, despite rock veteran's war he's still planning on reuniting.

The NHRA and ESPN have agreed on a five-year contract extension that will keep the drag racing series on the air through to 2016.

Right-hander Ben Sheets, the starting pitcher for the National League in last year's All-Star Game, may require surgery for an elbow tendon tear.

Supreme Court Justice, Ruth Bader Ginsburg, 75, undergoes surgery for early stage pancreatic cancer on Thursday at the Memorial Sloan-Kettering Cancer Center in New York City.