IBT Staff Reporter

Libyan President Muammar Gaddafi allegedly ordered the 1998 bombing of a Pan Am airliner over Lockerbie, Scotland, the North African country's ex-justice minister is quoted as saying by a Swedish newspaper.

Charlie’s erratic behavior and continuous tirades seem to be the reason.

Oil hovered above $112 a barrel on Friday and Asian stocks broke a four-day losing streak as concerns eased that a recent surge in energy prices would hurt demand for riskier assets and threaten broader economic growth.

Oil rose more than $1 a barrel to over $112 on Friday as unrest in Libya sparked fears of supply shortages, despite assurances by top oil exporter Saudi Arabia that it would step in to fill any shortfall.

Oil stabilized on Friday after a sharp reversal from a 2-1/2 year peak overnight, calming concerns that a surge in prices would hurt economic recovery.

Roughly 30 percent of Apple shareholder votes cast were in favor of a proposal to disclose a succession planning policy for Chief Executive Steve Jobs, according to a tally released by the company.

News Corp has kicked off the process to explore the sale or spin-off of its troubled social entertainment site, Myspace, a person familiar with the talks said on Thursday.

A top Freddie Mac executive received notice the government may file charges against him for allegedly violating securities laws in the years leading up to the housing bust, according to a regulatory filing released on Thursday.

Libyans say they risk arrest or even death for talking to the foreign media because the authorities are desperate to stop information about their violent crackdown reaching the outside world.

Oil eased below $111 on Friday as top world exporter Saudi Arabia sought to assure key importers it would fill any supply shortfall left by beleaguered fellow OPEC member Libya, soothing fears over a disruption in supplies that had carried prices to a 2-1/2-year high a day earlier.

U.S. President Barack Obama and Treasury Secretary Timothy Geithner sought to quell fears on Thursday that unrest in Libya would put oil prices on a long term upward trajectory.

Japanese computer chip maker Elpida Memory Inc's Taiwan depositary receipts opened 0.9 percent higher than the offer price on their debut on Friday.

LOS ANGELES - The 1992 hit movie The Bodyguard is to be remade and updated to the world of celebrity stalkers in the Internet era.

Apple Inc released its new lineup of MacBook Pro notebook computers, featuring Intel's peppy new processors and graphics chips made by Advanced Micro Devices, helping boost the smaller chipmaker's stock more than 5 percent.

The Pentagon will announce later Thursday whether Boeing Co Co or Airbus parent EADS has won a contract worth up to $35 billion to build 179 new refueling planes for the U.S. Air Force.

Boeing Co won a $30 billion contract for 179 new U.S. Air Force refueling planes on Thursday, trumping arch rival Airbus parent EADS in a fiercely contested competition that began nearly a decade ago.

Ford Motor Co is positioned to navigate rising oil and gasoline prices with the launch of new compact, fuel efficient cars likely to gain market share, a top executive said on Thursday.

A U.S. regulator charged two financial firms and three individuals with violating federal securities fraud laws over an alleged portfolio pumping scheme to manipulate prices of several small U.S. stocks, generating more than $63 million of illegal proceeds.

When Oscar organizers unveiled their promotional campaign, You're Invited, they weren't kidding -- at least where Web audiences are concerned.

Boeing Co was the clear winner in a U.S. Air Force tanker competition, the Pentagon said on Thursday, surprising analysts who had expected Europe's EADS to win the deal.

Satellite television provider Dish Network Corp's posted deeper-than-expected subscriber losses for the fourth quarter as many customers canceled service after a dispute with Fox Network in October blacked out sports programs.

Gap Inc posted a rise in quarterly profit on Thursday that beat the expectations of analysts and boosted its dividend as the apparel retailer strives to spur sales growth at its main casual chain.

Ubisoft is reportedly bringing a sexy, kinky game to the Wii and PS3.

A silicon Valley startup has developed a way to give at least a few extra seconds warning.

Boeing Co has won a contract worth over $30 billion to build new refueling planes for the U.S. Air Force, beating out Europe's EADS, the Pentagon said on Thursday.

Bailed-out insurer American International Group Inc earned $11.2 billion in the fourth quarter on asset sales, but charges to expand its reserves for old asbestos claims pushed its underlying operations into another loss.

Huge U.S. corn and soybean plantings this spring will likely fail to refill razor-thin stocks enough to quell the surge in grain prices, the U.S. Agriculture Department said on Thursday.

International rescuers engaged in a wide-ranging search for earthquake survivors, just days after a strong 6.3 magnitude shock struck New Zealand's second largest city.

President Barack Obama and Treasury Secretary Timothy Geithner sought to quell fears on Thursday that unrest in Libya would put oil prices on a long term upward trajectory.