America’s favourite train wreck Charlie Sheen has inked a deal with Lionsgate Television to star in a new sitcom where he’ll play a character similar to his Two and a Half Men role – but a lot racier. Charlie won’t be making $2 million an episode again but his back-end deal is potentially worth more than what he made at CBS.

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Philadelphia Phillies pitcher Roy Halladay is simply unbeatable these days! Roy just threw his National League leading fifth complete game against Oakland for his tenth win of the season. That ties him for the most in the majors. He hasn’t lost in his last eight starts and already looks like a lock for his second straight Cy Young award.

A 19-year-old student has been arrested in England for his suspected involvement with the hacker group “LulzSec”. Ryan Cleary was taken into custody following a joint investigation between the FBI and Scotland Yard. The arrest has been described by authorities as “significant”, relating to the recent website attacks against the CIA and the UK’s Serious Organized Crime Agency.

The TV host who helped bring over 12-hundred fugitives to justice has signed off for good. John Walsh said so long and thanked viewers of America’s Most Wanted for helping the show track down dangerous criminals for more than two decades. The final episode aired last week on Fox, who cancelled it due to high production costs.

Michael Bay has finally broken his silence about why Megan Fox was fired from the Transformers franchise. Apparently it was Megan’s plump, loose lips that sank her ship. The buxom brunette was fired over comments she made to Wonderland Magazine in 2009 when she compared director Michael Bay’s working style to that of Hitler. Executive Producer Steven Spielberg then swooped it in and had her fired on the spot.

Hugh Hefner is one savvy business man. Crystal Harris may have called off the wedding but Hef’s turning the whole situation into marketing gold. He made a last minute decision to amend the cover of the July issue of Playboy that features Harris wearing Hef’s signature smoking jacket. Giant stickers have been slapped across it that read “Runaway Bride in This Issue.”

Imagine going from being a mere millionaire to a multi-billionaire overnight? That dream is about to become a reality for former carpet salesman Eric Lefkofsky. The 41-year old Chicago businessman provided a million dollars in seed money for Groupon in 2008. The company is expected to be valued at 20 billion dollars after it goes public later this summer which would turn Lefkofsky’s original investment into about 4 billion dollars.

A new report says that the majority of guns used by Mexican drug cartels come from America. In 2009 and 2010, over 70-percent of firearms traced by the US Department of Alcohol, Tobacco and Firearms were found to have originated in the US. The news has prompted three US Senators to call for tougher gun laws and regulations.

In Washington, US President Barack Obama hosted German chancellor Angela Merkel for a state dinner aimed at smoothing over differences in policy and boosting friendly relations. During her address, Merkel stated that Germany’s partnership with the US was quote “indispensable”. The German leader was given the Presidential Medal of Freedom because of her groundbreaking career as the country’s first female leader.

The so-called “Bin Laden Bounce” is over. After the killing of Osama bin Laden, President Barack Obama’s popularity surged in the polls. 56 percent of Americans were pleased with his performance. What a difference a few weeks makes. A new poll shows his approval rating has slumped to just 47-percent, amid growing dissatisfaction with his handling of the economy.