IBT Staff Reporter

Democratic and Republican leaders traded blame on Friday in a budget impasse that threatened to shut down the government within hours and idle hundreds of thousands of federal workers.

The Office of the U.S. Trustee objected to a proposal by Borders Group Inc to pay over $8 million in bonuses to high-level employees this early in its bankruptcy proceeding.

The House of Representatives voted on Friday to reject Internet neutrality rules that were adopted last year to keep big Internet service providers from blocking certain traffic

Here's some advice for anyone hoping not to get caught in an insider trading web: Shut up.

Investors will look to corporate profits and outlooks next week for confirmation the S&P 500 has another leg to its rally as the earnings season gets under way.

Investors will look to corporate profits and outlooks next week for confirmation the S&P 500 has another leg to its rally as the earnings season gets under way.

Trash could pile up in the streets of the capital, the Statue of Liberty will close and astronauts will stay home if the Congress fails to reach a budget deal and the government shuts down.

Investors looking for loan growth and surging revenues at the biggest U.S. banks, including Citigroup Inc are likely to be disappointed by first-quarter earnings.

U.S. BUDGET CRISISDemocrats and Republicans will have to deal with the fallout from the past week's bitter partisan budget brinkmanship, regardless of whether it drives the federal government to shut down. We will assess who lost most from the crisis, with a Reuters/IPSOS poll on Tuesday. We will also feature an in-depth look at the performance of Republican House Speaker John Boehner, who had to...

U.S. stocks fell late on Friday as a spike in oil prices revived worries that inflation would derail the recovery, jolting a market that had been treading water ahead of corporate earnings.

Oil prices surged the most in three weeks on Friday, with Brent jumping $4 a barrel to a 32-month high as a sinking dollar triggered a fresh rush of fund buying across the commodities spectrum.

LOS ANGELES - YouTube, the video site owned by Google, on Friday unveiled a page highlighting live programing and said users have asked for more live streams.

The Justice Department approved Google Inc's purchase of ITA Software with stiff conditions on Friday, and left the door open to a larger probe into whether Google manipulates its search results to hurt rivals.

The House votes to thwart FCC's net neutrality attempts. The legislation now goes to the Senate and White House, where it is expected to not pass.

In an interview with Fortune magazine, Tretton dismisses Nintendo's latest handheld as a great babysitting tool that offers no competition to Sony's PSP.

Wall Street stocks fell on Friday as a spike in oil prices hit shares of airlines and other transportation companies and investors took a cautious stance before the weekend.

The end of super-cheap money from the Federal Reserve is trumping corporate earnings results as a key risk to hedge for stock investors.

Garbage will pile up in the streets of the capital, the Statue of Liberty will close and astronauts will stay home if the Congress fails to reach a budget deal and the government shuts down.

The White House and Congress have until midnight on Friday to agree to a budget bill or there will be a partial shutdown of the U.S. government. The dispute is over funding for the remainder of the current fiscal year, which ends September 30.

Toyota Motor Corp <7203.T> will start cutting production at its North American plants next week to adjust for supply disruptions stemming from the March 11 earthquake in Japan, the company said on Friday.

Specifications for the device are almost identical to competing tablets: 10.1-inch screen, dual cameras, Android based operating system - with one main difference: its price.

Scenes of caution, cleanup and everyday life played out amid a backdrop of catastrophe and new concerns on Friday, a day after a major 7.4 magnitude aftershock struck northeastern Japan following a 9.0 quake in March.

Dutch chip maker NXP BV is not in takeover talks, its chief executive said on Friday, although he would consider an offer like the one Texas Instruments Inc made for National Semiconductor Corp.

The official who carried out the last government shutdown has a warning for squabbling lawmakers -- another one now could be disastrous for the economy.

Thursday night's American Idol elimination came as a big surprise to the audience.

U.S. securities regulators are conducting a broad review of share issuance rules for private companies, including the 500-shareholder threshold meant to mark the transition to public ownership.

Thursday night's episode of American Idol sure was a shocker. Before Pia Toscano's shocking elimination, a shirtless Iggy Pop took the stage to perform Real Wild Child (Wild One).

Russia's domestic security service called for access to encrypted communication providers like Gmail, Hotmail and Skype on Friday, saying the uncontrolled use of such services could threaten national security.

A list of select partners will be able to stream live content via YouTube.