First, validate your HTML and CSS .
You have listed this CSS rule twice with two values. Use only one - the second one.
.clearfloat { display: inline-block;}
.clearfloat { display: block;}
The featured side bar doesn't have enough width in IE, which is what's pushing the text down.
#featured .info {
float: right;
margin-top: 5px;
padding-top: 5px;
width: 180px; /* Increase this, and use dynamic unit (%/em) */
}
Mess with those a little bit and see where that gets you.
Regards
Arkinder