IBT Staff Reporter

As reported earlier this week, AT&T began to deliver multimedia messaging service (MMS) for iPhones in the U.S. on Friday.

St. Louis Federal Reserve President James Bullard said on Friday it is difficult to communicate the Fed's likely monetary policy direction clearly to markets with benchmark interest rates near zero.

Twitter nabbed $100 million in funding and a $1 billion valuation on Friday from five firms including mutual fund giant T. Rowe Price, as investors bet that the Web sensation's explosive growth will yield actual revenue or a lucrative deal.

Iranian President Mahmoud Ahmadinejad said on Friday his country's newly disclosed nuclear fuel facility was legal and open for inspection by the International Atomic Energy Agency.

ARTIST: ALICIA KEYS SINGLE: DOESN'T MEAN A THING

AT&T Inc said any new net neutrality rules imposed by U.S. regulators need to apply to Web companies like Google Inc as much as to phone companies to ensure a level playing field.

New orders for long-lasting U.S. manufactured goods fell in August and sales of new homes rose below expectations, government data showed on Friday, fanning fears that recovery from recession would be anemic.

Yale University said on Tuesday that its endowment produced an investment loss of 24.6 percent in the fiscal year ended June 30, when big bets on private equity holdings, real estate and commodities soured.

U.S. stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.

Stocks fell for a third straight day on Friday after disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented optimism about tech spending.

President Barack Obama's pay czar said on Friday he was using formulas and data analysis to determine executive compensation rather than relying on pay caps.

U.S. Federal Reserve officials mused about the timing and pace of the central bank's removal of its unprecedented support for the economy on Friday, saying the shift could be abrupt and might be hard to communicate to financial markets.

Fed anticipates; G20's Shift; BofA Urges

Vanguard Group Inc wants to help investors watch their money while they're on the go, even as it wonders how much interest its long-term oriented customers have in minute-by-minute updates.

Ambac Financial Group , Bank of America and Germany's central bank are among new entities claiming assets against Lehman Brothers after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.

IBM was the main supplier in a failed project by British intelligence to upgrade its communications system so various organizations and agents in different locations could share information, a report said on Friday.

Cadbury Plc CEO Todd Stitzer said on Friday he did not believe Kraft's offer for the company made strategic sense, as he tried to clarify remarks he made that drew scrutiny from Britain's Takeover Panel.

An estimated 5.7 million U.S. families live in substandard housing, with one in every three houses in U.S. metropolitan areas plagued by health hazards, according to a study released Thursday.

The Black Eyes Peas' I Gotta Feeling reigned for a 13th week on the Billboard Hot 100 singles chart Thursday, besting the 12-week stay at the summit of Boom Boom Pow, the hip-hop band's previous single that directly preceded its follow-up at No. 1.

Internet microblogging service Twitter said it closed a new round of funding on Friday with five investors, including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners.

Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger.

AT&T Inc said any new net neutrality rules imposed by U.S. regulators need to apply to Web companies like Google Inc as much as to phone companies to ensure a level playing field.

Airgas Inc is not yet out of the woods brought on by the recession, the specialty gases supplier's chief executive said on Friday.

Stocks fell on Friday as investors wrestled with disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented recent optimism about technology spending.

The San Francisco Museum of Modern Art will exhibit a large collection of important 20th century art amassed by the founders of the Gap apparel chain including pieces by Warhol, Lichtenstein and de Kooning.

The Dow briefly turned positive and the S&P 500 trimmed losses as gains by companies which fare better in an uncertain economy offset disappointing data.

Google Inc's voice service is an online software tool and should not be regulated, a Google lawyer told Reuters on Friday.

BlackBerry maker Research In Motion could see its share of the smartphone market eroded by competing devices like Apple's iPhone, analysts warned on Friday as RIM's stock plunged more than 16 percent in the wake of a disappointing profit and outlook report.

The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and will roll out tougher rules for banks by the end of 2012, a draft communique said on Friday.