IBT Staff Reporter

President Barack Obama scored a major victory on Friday when the House of Representatives passed legislation to slash industrial pollution that is blamed for global warming.

U.S. regulators closed four small banks on Friday -- two in Georgia, one in Minnesota and one in California, bringing the total of U.S. bank failures to 44 this year.

The Brazil Air Force and Navy on Friday evening called off the search for additional victims and wreckage from Air France Flight 447 leaving relatives of the crash victims shocked and distraught.

Despite the limited time left to locate the signals of the Air France’s crashed jet data recorders, French Navy ships have not lost hope and continue the search with the hope of finding the reason why Flight 447 fell into the Atlantic on the evening of May 31.

The U.S. House of Representatives passed the American Clean Energy and Security Act in a historic vote on Friday evening by a final count of 219 to 212. Supporters of the bill needed a simple majority of 218 votes.

The Brazil Air Force and Navy on Friday evening called off the search for additional victims and wreckage from Air France Flight 447 that plunged into the Atlantic on the evening of May 31 carrying 228 people on board.

As hard-hit Western banks and hedge funds scramble to sell their Asian loans and bonds, one newcomer expects to pick up these choice assets at rarely seen discounts.

Swindler Bernard Madoff should receive a sentence that ensures he will spend the rest of his life in prison for running Wall Street's biggest investment fraud, U.S. prosecutors argued on Friday.

Swindler Bernard Madoff should spend the rest of his life in prison, U.S. prosecutors argued on Friday, citing the unique scope and duration of his crimes as the leader of Wall Street's biggest fraud.

A U.S. judge turned down a request from International Business Machines Corp to bar its former head of mergers and acquisitions from working at Dell Inc over allegations that he would disclose trade secrets.

Swindler Bernard Madoff should spend the rest of his life in prison, U.S. prosecutors argued on Friday, citing the unique scope and duration of his crimes as the leader of Wall Street's biggest fraud.

Doctors completed an autopsy on the body of Michael Jackson on Friday but said they could not immediately establish a cause of death for the King of Pop as speculation centered on his use of prescription painkillers.

The U.S. House of Representatives passed the American Clean Energy and Security Act also referred as the cap and trade bill, in a historic vote on Friday to advance climate legislation that President Barack Obama has promoted during his administration to put the country into a clean energy economy path.

The World Bank's Board of Executive Directors had approved loans totaling $500 million to China to assist a railway project and an urban environment improvement program, WB said on Thursday.

As President Obama announced Friday that climate change legislation as enormous progress in the U.S. Congress history, the House Speaker Nancy Pelosi said the 1,200-page environment and energy bill will pass following a successful test vote earlier on Friday.

Finland and China on Thursday signed high-tech contracts worth $1 billion and planned new top-level trade talks aimed at further deals worth more than $2 billion, said Keqiang Li, Vice Premier of China.

The untimely death of the world’s greatest musical superstar has triggered a scramble to discover the true state of Michael Jackson’s assets, and what will be done with the looming debt that surrounded him.

Apple had officially removed the 'Hottest Girls' App from its store and seems punished the developer of the pornographic app.

The Los Angeles County Coroner on Friday said the autopsy showed that no evident trauma to Jackson's body.

Hours after the news of the king of pop's death was revealed on Thursday afternoon, the families of Michael Jackson gathered at the home of his parents, Joe and Katherine Jackson to mourn his death, in nearby Encino, California.

The U.S. House of Representatives is expected to vote on Friday on climate change legislation that is a high priority of President Barack Obama and Democratic leaders in Congress.

English born actress and close friend to Michael Jackson commented on his death after initially being too devastated to say anything as she tried to come to terms with his death.

Oracle Corp failed to win fast-track approval from U.S. antitrust regulators for its $7 billion deal to buy Microsystems Inc , an attorney for Oracle said on Friday.

The 911 call made from Michael Jackson's house in Holmby Hills on Thursday prior to the singer's death was obtained by TMZ on Friday and posted online.

The Nasdaq rose on Friday, on strong demand for Palm's Inc's Pre smartphone, while the Dow was dragged lower by sliding oil prices and strength in some financial stocks helped cushion the S&P 500's decline.

The producers of Bruno have decided to delete a scene involving La Toya Jackson following her brother's death.

Lisa Marie Presley, the former wife of Michael Jackson, said Friday that he feared that one day he would “end up” like her father, Elvis Presley.

Today still, the minute repeater ranks supreme among horological complications. Universally admired, its intricate construction has remained the preserve of a few master watchmakers with the skill and patience to fit and adjust its delicate parts.

Although the exact cause of Michael Jackson's death remains a mystery, many have suspected a possible drug overdose to be the culprit as fans and family await the result of Jackson's autopsy, due in weeks.