IBT Staff Reporter

Yesterday's NBA draft held at the Prudential Center in Newark, New Jersey, received the loudest response when the hometown New York Knicks came up to make their selection at number 17.

Complex antitrust questions hang over Deutsche Boerse AG and NYSE Euronext just weeks before shareholders decide whether to endorse a blockbuster exchange merger, though no significant regulatory fixes are expected.

New orders for U.S. manufactured goods and a gauge of business spending plans rose in May, easing fears of a sharp slowdown in factory activity.

Stocks dropped on Friday as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek austerity plan, and the S&P 500 once again tested a key technical level.

WikiLeaks founder Julian Assange is hiring a new legal team to take a less confrontational approach in his next British court appeal against a Swedish request he be extradited for questioning in a sexual misconduct case.

New orders for long-lasting U.S. manufactured goods rose more than expected in May as bookings for transportation equipment rebounded strongly, according to a government report on Friday that could allay fears of a sharp slowdown in factory activity.

Asian-Pacific Countries dominate at this year's Paris Air Show, while older markets make less of a showing.

Take a look at fashion royalty

Hackers broke into the website of Brazil's statistics agency early on Friday, the latest in a string of attacks against government sites this week.

The reviews are in for Cars 2 and the professional critics have decidedly mixed and negative reviews for Pixar's latest effort on the big screen.

There are now 80 million members of the Communist Party of China (CPC), according Chinese state-owned news agency Xinhua.

Actress Jennifer Aniston gave an interview Thursday to Inside the Actors Studio host James Lipton.

Michelle Obama arrives in Botswana.

EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday and said another Italian would step down from the ECB's Executive Board early to smooth the process.

The S&P fell about 1 percent on Friday, moving closer to a key technical level, as worries about the Italian banking sector added to the uncertainty over passage of a Greek austerity plan.

A U.S. appeals court on Friday revived a lawsuit by bondholders of the failed Washington Mutual Bank who are challenging the thrift's seizure by the FDIC and sale to JPMorgan Chase & Co .

Apple is now suing Samsung in South Korea, the electronics company's home base.

NASA spacecraft Atlantis is gearing up for the scheduled July 8 launch to the International Space Station.

Stocks fell on Friday as worries about the Italian banking sector added to uncertainty about passage of a Greek austerity plan, and the S&P 500 again tested a key technical level.

Ginny and Hermione grow up.

Computer hackers who previously broke into a U.S. Senate server and brought down the CIA website struck an Arizona police website on Thursday, releasing dozens of internal documents over the Internet.

Private equity firms KKR and Silver Lake are in talks to buy Internet domain site GoDaddy.com and a deal could be more than $2 billion, two sources familiar with the matter said on Friday.

The name “Ai Weiwei” has joined a long list of sensitive words in this country, and associating yourself with the artist has become tantamount to asking for trouble.

Didier Drogba may yet have a future at Chelsea, despite the possible arrival of Radamel Falcao, as new manager Andre Villas-Boas is open to the idea.

Rocker band Kings of Leon played a tribute to Ryan Dunn, the late Jackass star on Wednesday night during their show in London's Hyde Park.

Should Finland, Nokia's home base, take some of the blame for the one-time market leader's recent struggles to compete in smartphones?

U.S. antitrust regulators have given Intel Corp approval to pursue assets being sold by bankrupt telecommunications gear maker Nortel Networks Corp, the Federal Trade Commission said on Friday.

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

Catherine, Duchess of Cambridge and Prince William will depart for their U.S. and Canadian tour in five days.