IBT Staff Reporter

New images claiming to depict the back cover of an upcoming iPhone have started making the rounds on the internet on Friday.

With the U.S. economic stimulus package of $790 billion is set to be approved by Congress, concerns are growing at the Energy Department on how the agency will manage the quick expenditure of about $40 billion included in the package for renewable energy projects meant to boost employment.

Google entered the radio advertising business with great hopes, but the internet search giant pulled out on Thursday.

New Hampshire Republican Sen. Judd Gregg withdrew his name for consideration as President Barack Obama's nominee for Commerce of Secretary stating irresolvable conflicts related to the stimulus package and the Census.

President Obama urged Congress to pass the economic stimulus package before the end of the holiday weekend so he could sign it into law in an effort to help the nation emerge from a recession.

U.S Treasury Secretary Timothy Geithner will attend a gathering of finance ministers from seven industrialized nations in Rome tomorrow to urge fellow ministers to take exceptional measure to address challenges facing the financial sector.

Economists and other finance experts say some U.S. banks are insolvent, adding that government may need to take a bigger role allow banks to resume the lending needed to improve the economy, according to a report from the New York Times.

Beverly Eckert, whose husband died in the Sept. 11 terrorist attacks, was one of the victims in a partial list of passengers on Continental Express Flight 3407.

The following information was released at 11:27 A.M. by Colgan Air, the operator of Continental Flight 3407, which crashed Thursday evening near Buffalo, N.Y.

Spurred on by President Barack Obama, US lawmakers on Thursday prepared for final votes by week's end on an unprecedented 789-billion-dollar plan to help Americans through a painful economic crisis.

On Thursday Coca-Cola Co. announced a 18 percent drop in its fourth-quarter due to the impact of the stronger dollar.

The pessimism on the efficiency of the $789 billion stimulus package in short term led to a fall in oil prices the lowest in years.

Prominent oil industry executives said that demand for energy in the long term will rise and urged investors to invest money into the industry.

Facebook, the world's largest social-networking site, is in talks with Nokia about ways to offer services on mobile phones, the Wall Street Journal on Thursday.

Electric luxury automaker Tesla Motors Inc. may receive a loan for $350 million from the U.S. Department of Energy's $25 billion program to encourage building of more fuel efficient cars.

Rep. Barney Frank, the head of the House Financial Services Committee, said Thursday the Obama administration is more trustworthy than the Bush administration to ensure that banks do not misuse money bank bailout funds.

President Obama signed the DTV Delay Act into law Wednesday night, postponing the transition to digital TV until June 12 and putting wireless companies' plans to use their 700 MHZ spectrum assets on hold.

Asustek Computer today said it sold 4.9 million Eee PC netbooks last year, a figure that rival Acer believes it can best.

Viacom Inc.'s fourth-quarter profit fell 69%, hurt by weakness in advertising sales at MTV and other cable channels, and the company said ad revenues are likely to get worse in 2009 before they get better.

At the close of Thursday's trading, European shares closed at 1.5 percent lower with banks hit by doubts about the U.S. government plan to boost the financial system.

Pakistan publicly acknowledged for the first time Thursday that last year's attack on Mumbai was largely planned on its soil and that it had arrested most of the key plotters.

Verizon Wireless is expected to announce on Thursday a new calling plan similar to the My Circle plan created by Alltel Corp., which Verizon purchased last year.

Facebook Inc. has estimated its market value to be worth about $3.7 billion according to a lawsuit brought by former classmates of CEO Mark Zuckerberg last summer.

Hedge fund firm GLG Partners Inc on Thursday reported a 78 percent loss in adjusted fourth quarter profit as its funds posted losses.

On Wednesday, Zimbabwe's opposition leader Morgan Tsvangirai was sworn in as they country's prime minister.

Wednesday afternoon, the Washington Nationals have finally reached a preliminary agreement with free agent Adam Dunn for a 2-year deal for an unspecified amount of money.

On Wednesday, for good, at least for now Jets quarterback Brett Farve says he's retiring.

On Tuesday lntel revealed more details regarding its 32nm process technology that will allow the company to build high-performance and, from some point of view, revolutionary processors.

U.S. efforts to take action on slowing business activity, joblessness and reduced credit grew on Wednesday as U.S. lawmakers moved to pump tax dollars into the economy, reduce taxes going forward and grilled top U.S. bank executives amid widespread concern.