IBT Staff Reporter

United Technologies Corp's Pratt & Whitney unit has won U.S. Navy contract updates totaling about $1 billion to provide engines for the multi-national F-35 fighter jet program, the Pentagon said on Friday.

Gasoline and food prices hoisted U.S. inflation to a 2-1/2-year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve.

Sony Corp's computer networks remain vulnerable to attack three weeks after the company learned that it had been victim of one of the biggest data breaches in history, according to an Internet security expert.

A woman has filed suit against Frito-Lay and Costco for at least $50,000, charging that the Ruffles potato chips she ate contained some objects such as straight pins or needles that led her into surgery.

Bankrupt bookseller Borders Group Inc has so far failed to find a bidder for the entire chain, Bloomberg reported, citing four people close to the matter.

A former hedge fund manager has been charged with defrauding investors in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.

The San Francisco Giants lost to the Chicago Cubs 11-4 at Wrigley Field on Friday, snapping their six-game winning streak.

A U.S. appeals court found memory chip designer Rambus Inc wrongly destroyed documents related to patent lawsuits it filed, sending its shares down sharply.

A former hedge fund manager has been charged with defrauding investors of at least $12.6 million in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.

A judge on Friday rejected an indicted securities trader's request to postpone his insider trading trial because of the broadly publicized conviction of hedge fund manager Raj Rajaratnam in the same New York court.

Big hedge funds and speculators cut their bullish bets on commodity markets by $17 billion in the week through Tuesday, the biggest bear turn since at least 2009, regulatory data showed on Friday.

Senator Gabrielle Giffords will be in attendance when the Endeavour launches for the final time into space.

U.S. Navy SEALs found a 'huge' and 'fairly extensive' stash of pornography in a wooden box in Osama bin Laden's bedroom, U.S. officials have said.

Yahoo Inc's battle with Alibaba Group intensified on Friday as they issued contradictory statements over the Chinese company's transfer of a major Internet asset to its chief executive.

Restructuring Greece's sovereign debt would pose potentially incalculable risks to the overall euro zone and will not solve the country's fiscal crisis, a senior European Central Bank official said on Friday.

Americans squeezed by high gasoline prices and rising costs for food and other essentials are resorting to simple but effective steps to stretch their paychecks a bit further.

Two Queens men Ahmed Ferhani and Mohammed Mamdouh, who were charged with terrorism and hate-crime conspiracy in New York City, are on trial today.

A U.S. appeals court found memory chip designer Rambus Inc inappropriately destroyed documents related to patent lawsuits it filed, sending its shares down sharply.

The operators of LimeWire agreed to pay record companies $105 million, ending a federal trial over copyright infringement damages owed by the once popular but now defunct file-sharing service.

Stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback.

There is a full blown bed bug epidemic happening all across America and it just seems to get worse with each passing year. For cities such as New York and Philadelphia which are at the epicenter of the outbreak, bed bugs have become an important political issue.

Sony PlayStation Network outage has outraged its fans, but has failed to either erode the console’s fanbase or its sales.

AT&T will give Deutsche Telekom a break-up fee and benefits worth about $6 billion if regulators reject the proposed takeover of the German company's U.S. business, Deutsche Telekom said on Friday.

A U.S. appeals court found memory chip designer Rambus Inc inappropriately destroyed documents related to patent lawsuits it filed, sending its shares down sharply.

Deceased terrorist Osama bin Laden and his henchmen were probably addicted to pornography, if the huge cache of pornographic movies unearthed in his hideout is anything to go by.

The London Stock Exchange and Canada's TMX Group reported forecast-beating results on Friday as they applied for regulatory approval of their $3 billion deal to join forces.

The London Stock Exchange and Canada's TMX Group posted strong financial results on Friday as they filed their $3 billion merger deal with the Canadian authorities.

Pornography was among the materials discovered in Osama bin Laden’s Abbottabad hideout, Reuters reported U.S. officials as saying. The porn pile consisted of extensive modern electronically recorded video footage.

The London Stock Exchange and Canada's TMX Group reported forecast-beating results on Friday as they applied for regulatory approval of their $3 billion deal to join forces.