IBT Staff Reporter

The son of actors Farrah Fawcett and Ryan O'Neal, who spent his mother's dying days in jail on a drugs charge, was ordered into a one-year treatment program on Friday for heroin possession.

Fall Out Boy bassist Pete Wentz admits to not being an avid fan of comic books. When he started chatting with Los Angeles designer Darren Romanelli about developing a visual project with the band, however, the idea of creating a comic seemed like a natural fit.

President Barack Obama's media blitz on U.S. healthcare reform has prompted charges that he is risking overexposure, but the very public offensive could be a perfect prescription for his top domestic priority.

Microsoft Corp's board on Friday approved a proposal to allow shareholders to vote on its executives' compensation, as U.S. corporations' pay policies come under scrutiny in the wake of the financial crisis.

Four well-targeted films hit domestic multiplexes Friday, but the weekend forecast suggests prospects are sunniest for the 3D animated feature Cloudy With a Chance of Meatballs.

The founders of Skype filed a new lawsuit on Friday against Index Ventures and one of its partners, Michelangelo Volpi, accusing him of stealing trade secrets to help broker the sale of the Internet phone service owned by eBay Inc.

A U.S. federal judge in Manhattan has dismissed three Parmalat SpA fraud lawsuits against Bank of America Corp and the auditing firm Grant Thornton LLP over their roles in the Italian dairy company's 2003 collapse.

After seeing Judith Ehrlich and Rick Goldsmith's earnest, smart documentary about Daniel Ellsberg and the Pentagon Papers controversy, viewers not old enough when it unfolded might wonder why the story has played such a minor role in popular histories of the era. This informative account deserves more than the very limited theatrical release it's likely to get. The Most Dangerous Man in America: ...

Jennifer's body, the horror film starring Megan Fox as a sexy high school student that is possessed by an evil spirit, has gotten mixed reviews from film critics.

New York's fee increases for cigarette-selling shops were temporarily blocked by a state judge, a retail association said on Friday, leaving the current $100-a-year charge in effect for now.

The Toronto International Film Festival has catapulted several well-known Bollywood movies to global prominence in recent years, but 2009's event has showcased one Indian movie that had audiences buzzing for its use of a rare language, Konkani.

Glorious 39 sends mixed signals. One minute it seems like a conspiracy thriller and the next one of those well-upholstered English melodramas about the privileged class pushing back against threats to their way of life. Either way, it's a lot of hokum that relies on contrivance and chance to move its dubious plot forward.

The top U.S. communications regulator plans to unveil proposals Monday for ensuring Web traffic is not slowed or blocked based on its content, sources familiar with the contents of the speech said on Friday.

Music producer and convicted murderer Phil Spector says life behind bars is driving him insane.

ARTIST: BARBRA STREISAND ALBUM: LOVE IS THE ANSWER

Investors in U.S. mortgage bonds backed by the Federal Housing Administration own one of the safest bets on Wall Street, yet mounting defaults on the underlying collateral are seen posing risks.

The U.S. soap opera Guiding Light -- the world's longest-running TV drama -- aired its final episode on Friday, ending a 72 year run.

World leaders will probably agree next week to work together when the time comes to end their massive economic stimulus programs and they were also moving on Friday toward a stiffer line on bankers' pay.

Maybe Tim Blake Nelson just got tired of being so serious. The actor and writer -- whose previous films as a director have questioned the existence of God (Eye of God), retold Othello in a high school setting (O) and examined the conscience of Jews who worked with their oppressors in Nazi concentration camps (The Grey Zone) -- goes absolutely bonkers in Leaves of Grass.

U.S. Federal Communications Commission Chairman Julius Genachowski will unveil in a speech on Monday new proposals that would force Internet providers to treat the flow of content equally, sources familiar with the speech said on Friday.

EU regulators should look into the book settlement that Google Inc reached with a group of U.S. writers and publishers last October because the deal will create a de facto monopoly, European opponents to the book deal said on Friday.

The dollar rebounded from a one-year low against the euro on Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for the greenback. Sterling declined across the board, hitting a near five-month low euro on renewed concerns about the UK banking sector.

President Barack Obama's top economic adviser said on Friday that China's massive holdings of U.S. government bonds are a source of mutual benefit to both countries.

Lockerbie bomber Abdel Basset al-Megrahi launched a website on Friday with the aim of proving his innocence in the 1988 bombing of a U.S. airliner over Scotland in which 270 people died.

Google Inc unveiled a new advertising exchange that draws on its search prowess to challenge Yahoo Inc's grip on the market for online display ads.

LVMH Moet Hennessy Louis Vuitton SA said on Friday that a Paris tribunal found eBay Inc liable for brand counterfeiting, and ordered the Internet auction and retail company to pay the French luxury brand 80,000 euros ($118,000).

Eight initial public offerings are scheduled to price and begin trading the week of Sept. 21 in what is likely to become the busiest week for U.S. IPOs since December 2007.

U.S. peace envoy George Mitchell did not win any breakthroughs in shuttle diplomacy between Israel and the Palestinians this week but the process will continue, the State Department said on Friday.

Next week is slated to be the biggest for initial public offerings in the United States in nearly two years -- and some say the resurgence could be sustainable.