IBT Staff Reporter

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Obama launches technology partnership to spur jobs

President Barack Obama on Friday launched an initiative to develop new U.S. manufacturing jobs by teaming up government with companies and universities to invest more than $500 million in advanced technologies.

Cameron Diaz: Bad Teacher Now and Then

Actress Cameron Diaz stars in the newly released film Bad Teacher now in theaters. Although the actress won over the hearts of many dedicated fans since her 1994 screen debut in The Mask opposite Jim Carrey, Bad Teacher garnered a five out of 10 rating by Rotten Tomatoes' top critics.

Ryan Dunn Dead: Buried Peacefully in Ohio

The funeral for 'Jackass Star' Ryan Dunn, 34, a Jackass Star's was held with his friend and families attendance.His body was laid to rest in his home state of Ohio on Thursday.

[PHOTOS] FDA Releases Graphic Warnings for Cigarette Label

The U.S Food and Drug Administration (FDA) have unveiled the new cigarette warning labels on Tuesday, its first in more than 25 years. The new labels are required to be on all cigarette packs, cartons and advertisement by no later than September 2012.

Oil falls as euro zone woes, dollar pressure

Crude oil fell on Friday in choppy trading as Europe's debt problems helped the dollar index rebound, extending losses into a second day after consuming nations announced they were tapping strategic reserves.

China blurs A380 order, backs 747 amid EU row

China downgraded the announcement of an Airbus superjumbo order and signed up for the Boeing 747-8 as deals worth $9 billion coincided with a row over European emissions trading rules, industry sources said.

Nortel patent sale attracts tech giants

Valuable broadband and networking patents developed by bankrupt Nortel Networks go up for sale next week, with tech giants like Google, Apple and Intel heading the list of would-be buyers.

Proxy advisor urges RIM CEO/chairman roles be split

Shareholders in Research In Motion should vote to split the roles of chief executive and chairman of the board at the BlackBerry maker's annual meeting next month, proxy advisory firm Glass Lewis said on Friday.

Coca-Cola to raise prices in July

Coca-Cola Co plans to raise prices on its soft drinks by 3 percent to 4 percent in July, in addition to a 2 percent increase taken earlier this year, a company spokesman said on Friday.

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