IBT Staff Reporter

Fiat's lifeline to Chrysler has cast it in the unlikely role of saviour of the U.S. car industry but a further deal with Opel might be a bridge too far.

Petrobras may be embarking on opening a new era for Latin America's largest economy

Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,

United Airlines parent UAL Corp said on Friday it would temporarily cut service to Mexico, becoming the second major U.S. airline to curb service to the country hit hard by a flu outbreak.

The cybersecurity chief named to battle Internet viruses and larger challenges facing the information technology networks used by U.S. companies and national defense should be based in the White House, experts told a congressional panel on Friday.

The White House administration said today that it will be joining three social networking sites in a bid to expand how the administration communicates with the public.

The federal government shut down Atlanta-based Silverton Bank on Friday, dealing a blow to a “bankers bank” with 1,400 client banks in 44 states, Federal regulators said today.

Chrysler LLC, which filed for bankruptcy protection yesterday, pursued an alliance with Nissan Motor Co. in July of last year before reaching out eventual partner Fiat SpA, according to a report.

U.S. banking regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks, the biggest bank failure so far this year.

Chrysler LLC’s secured lenders include the Bill and Melinda Gates Foundation, Halliburton Co., Yale University, and the University of Kentucky, according to a report.

Microsoft Corp. has announced on Thursday the availability of Release Candidate (RC) of Windows 7, marking an significant milestone to the final availability of its latest operating system.

China's Ministry of Finance and the Ministry of Environmental Protection have requested a study on a carbon tax that may become a method for the nation to slash greenhouse gas emissions into the atmosphere.

As of the World Health Organization reports Friday, there are 11 countries and 331 cases were confirmed to have been infected with the influenza A (H1N1).

A Central Florida radio talk show host was arrested in Seminole County for allegedly shooting his wife and her dog in what he calls an accident.

Chrysler LLC said Friday that its April sales took a heavy knock of 48 percent, the steepest drop in the industry, as the company plunged into bankruptcy.

U.S. auto sales fell 34.4 percent in April as the industry held near the lowest levels in nearly 30 years and closed out the month with Chrysler LLC filing for bankruptcy protection.

An vice president with Royal Dutch Shell said Friday that without the intervention of policies to create a market price for carbon dioxide, it would be impossible to deploy carbon capture and sequestration technologies.

On Friday, PHP Company unit, Zend Technologies Inc. said it has release its new version of 1.8 Zend Framework for rapid application development.

Ford Motor Co, which reported first quarter net loss of $1.43 billion, said Friday its April sales in the Americas fell 31.6 percent amidst the economic downturn.

A project of The 60 plus Association – a gathering of all stakeholders and GM 'Main Street' Bondholders -- said Friday it has agreed that Ad Hoc Committee's GM Restructuring Plan is the best solutions for all the stockholders.

Alaska governor Sarah Palin rejected $28.6 million from the federal government's stimulus package destined for the State Energy Program because she said Alaska has conditions that are not conducive to a federally mandated universal energy code, she said.

Microsoft designer for the Platform Components, Creation and Collaboration team, Mike LaManna has invented a prototype mouse that suits to help special needs children to keeps their pointing fingers on the left click of the mouse.

The U.S. Congress will make enough progress on climate change legislation this year to boost prospects for success at December's Copenhagen summit on cutting greenhouse gases, Senate Majority Leader Harry Reid predicted on Friday.

The true dimensions of the U.S. credit crisis will become much clearer next week with the release of results from unprecedented government stress tests of the nation's 19 largest banks and their capital needs.

Acer, the world's joint second largest manufacturer of PCs, has reportedly confirmed that Windows 7 will be available pre-loaded on their new all-in-one Z5600 PC from 23 October, ahead of Microsoft's suggested release date.

The United Nations refugee agency said Friday a second team of the UN High Commissioner for Refugees (UNHCR) is scheduled to arrive today in Sri Lanka. The team of four includes specialists on community services, protection and other essential field functions.

U.S. consumers felt much more upbeat about the economy in April, a month when the country's battered manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday.

U.S. stocks rose on Friday as surging oil prices pushed energy shares higher and fresh economic data suggested key parts of the economy could be stabilizing.

Danny Gans, a popular Las Vegas singer and comedian, died in his sleep Friday at the age of 52.