First UK MP jailed for expenses fraud

A former MP was jailed for 18 months on Friday for falsifying his expenses, the first parliamentarian to be convicted over a 2009 scandal that engulfed the nation's political system. Hundreds of MPs were ordered to repay a total of more…

Oil price falls as dollar gets stronger

Oil prices fell on Friday in volatile trade as the stronger dollar and a stock market slide erased earlier gains, and crude started the year with a weekly loss. Markets were buffeted as a government report showed the U.S. unemployment rate…

Verizon to introduce the iPhone

The iPhone is finally coming to Verizon Wireless. The largest U.S. wireless carrier will make the long-awaited announcement at an event Tuesday in New York City, a person familiar with the matter said Friday. The move will for the first…