updated 5:58 pm ET

Americans driving but cautious after gas shock

Robert Neal will take to the road this Independence Day holiday the same as millions of other Americans. But there's a difference in their road-trip ritual this Fourth of July.

POLITICS & POLICY

Sarah Palin resigns, to step down July 26

Alaska Gov. Sarah Palin announced Saturday she is resigning from office by the end of the month, after deciding not to seek re-election in 2010.

FINANCE

Many top U.S. funds still making up lost ground

At the midyear mark, even some of the best-performing mutual funds of 2009 are still working on comebacks from dismal losses last year, underscoring lingering uncertainty in markets and in the funds industry.

ENERGY

A motorist holds a fuel pump at a Gulf petrol station in London

Oil brokerage PVM says rogue trader behind oil spike

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

INVESTING

Major nations should back dollar as key currency: Japan

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.

IBT Features

U.S. carbon tariffs, still long way off, draw Asia ire

Broadband industry group say U.S. rules go too far

U.S. government guidelines to spend $4 billion to expand broadband access to underserved areas across the United States may go beyond current laws, a broadband industry group, said on Thursday. Full Story

What's Happening: Fireworks, New Movies, TV Sports

Fireworks shows blast nationwide on Independence Day
Weekend movies include releases of a new ICE Age movie, and Public Enemies
TV sports coverage, including Wimbledon Finals and the Tour de France kickoff

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Accused swindler Bernard Madoff enters the Manhattan federal court house

FINANCE

Medici lawyer says Kohn didn't get Madoff payments

Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.

A view of the Grand Canal and the Santa Maria della Salute basilica in Venice

TECH

Treasure Hunt gets digital update in WiFi Venice

Treasure Hunting will go fully digital on Friday night when players chase a mysterious oriental wand with special powers along the narrow streets and bridges of Venice.

U.S. Marshal Roland Ubaldo walks through members of the media outside the apartment building of disgraced financier Bernard Madoff in New York City's upper east side

FINANCE

U.S. marshals seize Madoffs' $7 million NY apartment

U.S. marshals seized the luxury $7 million New York City penthouse apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth, officials said on Thursday.

FINANCE

Hope for California budget deal as IOUs planned

Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in "IOUs" to avoid a cash crisis on the second day of a new fiscal year without an agreement to balance the state's books.