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Kim Schmitz, founder of Megaupload and otherwise known by his alias Kim Dotcom, was arrested by the Department of Justice Thursday for content piracy and losses to copyright owners that amount to $500 million. Schmitz was found by police in his New Zealand mansion's safe room, with what looked like a sawed-off shotgun Detective Inspector Grant Wormald said.

Popular file-sharing sites, Megaupload and Megavideo were shut down by federal prosecutors on Thursday and hackers from Anonymous retaliated by launching an attack on federal and public Web sites: The online battle over Internet piracy just got personal.

Vodafone Group Plc won a $2.2 billion legal battle against India's tax office in a Supreme Court ruling that analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India.

Megaupload.com was shut down on Thursday after the U.S. Department of Justice indicted seven owners of the file-sharing site for content piracy and losses of half a billion dollars to those with copyrights. Contrary to rumors, music producer Swizz Beatz is not the CEO of Megaupload and does not own a stake in the company, according to court documents filed by the Department of Justice.

Ryan Brunn, the 20-year-old maintenance worker and confessed murderer of seven-year-old Jorelys Rivera, was found dead in his prison cell on Thursday when he hanged himself.

The BSE Sensex rose 0.57 percent on Friday to its highest close in six weeks, as appetite was bolstered by strong results from software services exporter Wipro (WIPR.NS) and the country's No. 3 private lender Axis Bank (AXBK.NS).

The Supreme Court ruled in favor of Vodafone Group Plc in its fight against a $2.2 billion tax bill, a decision analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India.

Megaupload, one of the world's largest file-sharing sites, was shut down Thursday by the U.S. government. Its founder, Kim Schmitz, and several company executives were arrested in New Zealand at the request of U.S. officials for mass copyright infringement and conspiracy to commit money laundering, reports Wired.com.

Vodafone, challenging the tax bill over its $11 billion deal to buy Hutchison Whampoa Ltd's Indian mobile business in 2007, had appealed to the Supreme Court after losing the case in the Bombay High Court in 2010.

The U.S. government shut down the Megaupload.com content sharing Web site, charging its founders and several employees with massive copyright infringement, the latest skirmish in a high-profile battle against piracy of movies and music.

The website has been charged with breach of copyright laws.

Megaupload, a leading file-sharing site, was instantly shutdown on Thursday after federal prosecutors found the site guilty of mass copyright infringement. The decision came amid a nationwide battle over online music and video piracy.

Indiana Gov. Mitch Daniels is expected to talk about the debt crisis and the deficit in the Republicans' response to President Barack Obama's State of the Union address.

Francesco Schettino, in a move that has sparked outrage from survivors and fellow mariners, told Italian investigators that he tripped into one of the lifeboats while aiding in the Concordia's evacuation, insisting he left the sinking cruise ship purely by accident. Schettino did admit full responsibility for causing the crash, but for families of the dead, his excuses are far from enough.

The 29-year-old retired from his second-round match because of a right hamstring injury.

American Express Company (NYSE: AXP), the biggest credit-card issuer by purchases, is expected to beat Wall Street's consensus profit estimates, with earnings gains driven by stronger consumer spending and a diversified business model. This is sharp change from prior quarters when the company grew profits by dipping deeper into the company's reserve funds that were set aside to cushion against future losses.

The Texas governor, known for his numerous on-air gaffes, has withdrawn from the Republican presidential primaries after another lackluster debate performance and poor numbers in South Carolina. Here, relive Perry's best (worst) moments on the campaign trail, from his infamous 'oops' moment to his unintentionally hilarious Strong ad.

Rupert Murdoch's company News Group Newspapers is settling with actor Jude Law and more than 30 additional victims of phone hacking practices.

Full transcript of the court's preliminary inquiry into Concordia Captain Francesco Schettino, who crashed the ship on Friday and allegedly fled the scene.

Photography firm Eastman Kodak Company and its U.S. subsidiaries have filed for chapter 11 business to boost liquidity, monetize non-strategic intellectual property and fairly resolve legacy liabilities.

The founder of a French company at the heart of an international health scandal acknowledged on Wednesday that he had used unapproved silicone in breast implants, but said France's recommendation for women to have them removed was criminal.