IBT Staff Reporter

This week, in a speech before the London School of Economics, Fed Chairman Ben Bernanke offered a perverse economic theory in his quest to gather support for

Jerry O'Connell is beaming with joy over becoming a father that he couldn't help but show off his daughter's photos on Friday on national TV.

Directors of Satyam Computer Services Ltd.' appointed by India's government were set to meet Saturday to discuss ways the company can receive financing after the state rejected a rescue bid.

The financial unit of automaker Chrysler LLC was granted an additional $1.5 billion to help it make new car loans.

Kimora Lee Simmons and actor Djimon Hounsou are reportedly expecting their first child together.

President-elect Barack Obama's transition team sent a second letter to Capitol Hill on Friday to re-enforce the push to postpone the nation's scheduled transition to digital-only television.

Circuit City Stores Inc., said Friday it will begin to liquidate its assets after failing to reach a deal with creditors and lenders for a potential sale of the company. The company has hired four liquidators which will sell all the remaining merchandise in 567 stores.

As American Idol headed to Kansas City, contestant Casey Carlson was able to move judge Simon Cowell, that makes her stand out amongst the crowd to Hollywood.

What are the real intentions of Carol Bartz for Yahoo's internet search business?

For all the broken-hearted Joaquin Phoenix fans, Casey Affleck has news that will cheer them up.

Most consider the New York market 'spot' price for an accurate indication of the true price. However, investors now buying buy physical or 'fabricated' gold, are paying a

Singer Boy George just has been sentenced to 15 months in jail for chaining up and beating a male escort in his London apartment.

The idea of creating a bad bank to assume the risky investments of financial institutions is being considered by top U.S. policy makers as a way of healing the financial system.

MTV's America's Best Dance Crew, the show, which pits crews from around the country against each other, starts its third season Thursday night.

The copyright infringement squabble over superhero flick Watchmen between Warner Bros and Twentieth Century Fox came to an end on Friday.

American artist Andrew Wyeth died on Friday in his Philadelphia home, according to a spokeswoman for the Brandywine River Museum near his home in Chadds Ford, Pennsylvania.

Yahoo Inc.' new CEO will be paid a compensation package of about $19 million in 2009, bonus and stock options, a securities filing stated.

The safe landing of US Airways Flight 1549 into the Hudson River was nothing short of a miracle.

The Minneapolis Star Tribune, ranked as the United State's 15th largest newspaper, announced Friday it filed for Chapter 11 bankruptcy.

Japanese Toyota Motor Corp. and Honda Motor Co. are cutting U.S. production more as auto sales are forecasted to drop significantly in 2009.

Barack Obama's inauguration next Tuesday will be one that breaks numerous records in one go.

A new set of television programs are featuring main characters which can detect lies and deceit in as mistrust in civic leaders and institutions grow.

On Tuesday in an open letter to his two young daughters, US president-elect Barack Obama said Thursday that he entered the race for the White House because of what I want for you and for every child in this nation.

Google Earth will partner with Spain's Prado Museum for a project that allows users to access fourteen of Spain's most treasured works of art, including works by Francisco de Goya, Diego Velazquez and Hieronymus Bosch, all in high-resolution detail.

The digital TV switch may be delayed till June this year if new legislation released Thursday gets approved.

Madonna was the highest-grossing pop act of 2008, but the amount of album sales the singer sold, is at its lowest in 11 years reflecting the decline in CD sales.

Bank of America on Friday said it has secured a $20 billion government investment to assist in acquiring brokerage Merrill Lynch. The government will also cover a majority of losses linked to Merrill's assets.

Citigroup Inc lost $8.29 billion in its latest quarter, marking five straight quarters of losses as it unveiled a restructuring plan that divides the company into two major units. Investors were pleased with the news, sending shares up 9.7 percent in pre-market trading on Friday.

On Friday before the break of dawn, Israeli aircraft artillery struck about 40 targets all over Gaza, the military said. The attacks continue following yesterdays shelling of the U.N. headquarters in the area by Israeli soldiers.