Beyonce Knowles performs on ABC's "Good Morning America". (NYC)

Here’s your daily news wrap for Friday, August 26:

Actress Jaime Pressly has been sentenced to three years of probation in relation to her January DUI.

Sean Penn has a new girlfriend.

Mika Kelly and Derek Jeter have ended their 3-year relationship.

Gwyneth Paltrow’s kids Apple and Moses call their grandmother, Blythe Danner, a unique name.

First look at Johnny Depp in The Rum Diary.

Beyonce has premiered her video for “1 + 1.”

Pitbull invited Lindsay Lohan to the MTV VMAs after she launched a lawsuit against him.

Warren Buffet is going to invest $5 billion in Bank of America.

Hurricane Irene has pushed the Giants and Jets pre-season game to 2 p.m. on Saturday.

When does punishment become abuse?