IBT Staff Reporter

This week many Oprah fans were left hungry as they headed for KFC wanting to redeem the coupons Oprah gave them for a free meal but came back empty handed as the restaurants were no longer honoring coupons.

Satellite Asset Management LP, a $2.8 billion hedge fund founded by former employees of billionaire George Soros, is closing down because of client withdrawals, Bloomberg said on its website late Friday.

Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.

A U.S. appeals court on Friday reinstated a breach of contract claim against Yahoo Inc by an Oregon woman who said the company failed to remove nude photos and fake profiles posted by her estranged boyfriend after promising to do so.

The International Monetary Fund has offered membership to Kosovo, the fund announced on Friday, giving the small country that broke away from Serbia last year access to millions of dollars in IMF-backed loans.

The Obama administration is expected to propose legislation by June calling for the U.S. Federal Reserve to play a central role in regulating systemic risk in the economy, trade association sources said on Friday.

The Obama administration is expected to propose legislation to Congress by June calling for the U.S. Federal Reserve to regulate systemic risk in the economy, three trade association sources said on Friday.

Jacob Zuma is sworn in as president of South Africa on Saturday after a remarkable political comeback, taking over a faltering economy plagued by crime, poverty and AIDS.

Thought Sacha Baron Cohen couldn't get any more outrageous?

The U.S. unemployment rate rose from 8.5 to 8.9 percent in April with 539,000 jobs lost, the Bureau of Labor Statistics of the U.S. Department of Labor reported Friday.

Warren Buffett's Berkshire Hathaway Inc posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.

Ford Motor Co. said Friday it is requesting $440 million from the U.S. Department of Energy to finance the restructuring of a former SUV plant in Michigan to manufacture small and electric cars, Bloomberg reported.

Global demand for materials needed to manufacture batteries will climb 3.9 percent per year to $22.8 billion by 2012, a study by the Freedonia Group released this week stated.

A United Nations peacekeeper has been shot dead by unknown gunman in Darfur and his car was stolen, according to a spokesman for the UN-African Union Mission (UNAMID) said on Friday.

AT&T Inc is close to a $2.5 billion deal to acquire the bulk of Alltel Wireless assets being divested by Verizon Communications Inc , sources familiar with the situation said Friday.

Battery maker EnerDel and automaker Fisher Karma are looking to strike a deal that will provide batteries for a new plug-in hybrid car set to launch in June 2010.

States Bank of India, the country's largest bank, plans to raise 200 billion rupees ($4.07 billion) in the current fiscal year, a top company official said Friday.

The Kokoda Track in Papua New Guinea is currently closed after being blockaded by local landowners.The Koiari people are angry at what they claim is mis-management of the 96km (60 mile) trail.

The rebuilding of the World Trade Center site needs to get back on track, New York State Assembly Speaker Sheldon Silver said on Friday, saying that at least two World Trade Center towers should be built without further delay.

U.S. President Barack Obama will deliver a speech to the Muslim world in Egypt next month, seeking to repair ties that were severely damaged under his predecessor George W. Bush.

With Windows 7 released, windows users may rush to install it, but before going ahead they should consult the advisor.

The Reserve Bank of Australia (RBA) said on Friday the country's economy will shrink by 1.25% for the year ending June 30.

President Obama’s military office aide resigned on Friday after an uproar over a low altitude flight by a jumbo jet used as Air Force One he approved over New York City which led bystanders to believe was part of another terrorist attack.

U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.

Strike up the band, boys, happy days are here again! Recently released short-term economic data, including unemployment claims, non-farm payrolls, home sales, and business spending, which had been so unambiguously horrific in February and March, are now just garden-variety awful.

A stubborn wildfire has forced at least 30,000 people to evacuate their homes and destroying 75 homes in the California coastal town of Santa Barbara as the flames continued for the fourth consecutive day.

A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.

U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.

U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.