IBT Staff Reporter

A Michael Jackson tribute concert which was scrapped in Vienna and moved to London after top acts dropped out has been canceled after the event's organizer closed down, the company's liquidator said on Friday.

A music industry desperate for bankable superstars has all but anointed Alicia Keys as heir to the golden era of Motown, when Aretha Franklin, Smokey Robinson and others made it seem easy to pump out timeless R&B hits.

A Pennsylvania judge finalized reality TV stars Jon and Kate Gosselin's divorce on Friday, and she gets custody of their eight children.

All countries agreed a deal to combat climate change at a summit in Copenhagen on Friday, French President Nicolas Sarkozy said.

Web hosting company Rackspace is experiencing networking problems on Friday afternoon, which left many the Websites it host to go down as well.

U.S. copper futures ended in positive territory on Friday, recovering from an earlier slide to one-week lows with chart-based buying and firmer outside market support outweighing the bearish impact of a rising dollar.

Swiss watchmaker, Tag Heuer, announced Friday its decision to downscale the use of Tiger Woods on their ads following the revelations of his alleged extramarital affairs.

General Motors Co said it would begin shutting down its money-losing Saab brand after last-ditch talks to sell it to a small Dutch sports car builder collapsed on Friday.

Verizon Wireless is set to roll out the Palm Pre early next year and is reported to be also making upgrades to its network to accommodate the Apple iPhone, according to media reports released Friday.

China's largest hotel operator has world-class aspirations and is betting that the U.S. is fertile ground for expansion.

A computer hacker briefly hijacked Twitter.com on Thursday, redirecting users to a website and claiming to represent a group calling itself the Iranian Cyber Army.

Swiss watchmaker Tag Heuer said on Friday it would not use Tiger Woods, who has admitted to marital infidelity, in its advertising in certain markets to respect the golfer's desire for privacy.

Verizon Wireless is set to roll out the Palm Pre early next year and is reported to be also making upgrades to its network to accommodate the Apple iPhone, according to media reports released Friday.

U.S. President Barack Obama has invited Chinese Premier Wen Jiabao for another bilateral meeting to discuss outstanding issues on a U.N. climate change agreement, the White House said in a statement.

Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar's climb curbed gains in both the Dow and the S&P 500.

The solar industry needs $2 billion to expand next year, but with Wall Street still nervous about backing risky and capital intensive ventures, companies are looking beyond to boutique banks and other sources of funding to avoid falling behind.

The following is text extracted from a draft of an Accord among Leaders at Copenhagen.

The Dutch NAM oil joint venture, owned by Royal Dutch Shell and Exxon Mobil, said on Friday it would postpone plans to drill three gas fields near an island off the coast of the Netherlands.

Carnival Corp & Plc , the world's largest cruise ship operator, reported a 48 percent drop in quarterly profit on Friday because of lower ticket prices, and shares fell 3 percent as it forecast profit for the current quarter below Wall Street estimates.

Shares of LDK Solar tumbled for a second day after the Chinese solar wafer maker cut the size of its offering of American Depositary Shares (ADS) and priced it at an 11 percent discount to Thursday's close.

The White House said that world leaders had reached a meaningful agreement that would pave the way towards multi-laterally combatting global climate change.

U.S. President Barack Obama reached agreement with major developing powers on a climate deal on Friday, a U.S. official said, but he said the accord was only a first step and was insufficient to fight climate change.

One of the oldest regions in the world to make wooden toys (and also known for it's tromp d'oeil paintings and infamous passion plays) is Oberammergau, Germany, which is omnipresent everywhere in the town. The origin of Oberammergau's wood carvings date back to the middle ages where a manuscript from the year 1111 first mentioned Rottenbucher monks who brought, ...the

U.S. mobile phone maker Motorola Inc's (MOT.N) set-top box unit has generated a lot of private equity interest, with a number of major buyout firms putting in initial bids this week, several sources familiar with the matter said.

The head of network equipment maker Avaya Inc AVXX.UL said its purchase of some Nortel Networks Corp (NRTLQ.PK) assets will boost market share and help a potential initial public offering or some other type of exit by its private equity owners.

U.S. mining royalty company Royal Gold (RGLD.O) has launched a white-knight C$749 million ($707 million) bid for Canada's International Royalty (IRC.TO), hoping to top a C$640 million offer by Franco Nevada (FNV.TO).

Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar's climb curbed gains in both the Dow and the S&P 500.

U.S. President Barack Obama addressed on Friday morning to delegates in Copenhagen on the final day of the UN climate conference.

Eastman Kodak Co has won a preliminary fight with Samsung Electronics, which the camera giant had accused of infringing its digital camera patents.