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.

With each day that goes by we’re one sleep closer to the release of Peter Jackson’s hugely anticipated Hobbit movies. And big news friends! The film’s producers have now revealed the official titles of both instalments. Film one will be called “The Hobbit: An Unexpected Journey” and film two will be “The Hobbit: There and Back Again.”

Actress Estella Warren is in some major trouble with the law. On Monday night, Warren allegedly hit three parked cars while driving under the influence. Then she apparently tried to fight off the cops before they detained her. THEN she allegedly slipped out of her handcuffs and escaped through a back door. The cops quickly caught her and she’s now out on 100-thousand dollars bail.

It turns out Arnold Schwarzenegger won’t “be back” on screen anytime soon. Arnie is putting his acting career on hold while he ventures into what’s sure to be a long, expensive divorce proceeding. The former Governator has asked his managers to postpone all his movie projects that are under way or being negotiated until further notice.

CBS has finally replaced Charlie Sheen on Two and a Half Men and the lucky winner is Ashton Kutcher! The former “That 70’s Show” star is reportedly getting a huge payday to replace Sheen, who’s been bitching and moaning about getting his old job back in recent weeks. Kutcher announced his new gig with a cryptic message on Twitter and his 6 and a half million followers went crazy.