IBT Staff Reporter

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Commodities Panic Subsides, Indians Rush to Buy Gold, Chinese Buy Silver on 31% Dip

Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.

Vogue cover gets a makeover

Inge Jacobsen transforms April 2011 cover of Vogue into a work of art. Jacobsen hand stitched the Kate Winslet cover connecting embroidery and fashion.

Foxconn Brazil iPad deal facing barriers: reports

Taiwanese electronics giant Foxconn wants to begin assembling iPads in Brazil by July, but it is still seeking tax breaks and other government concessions as part of an investment plan that could be worth up to $12 billion, Brazilian media reported on Friday.

High-frequency aura lifts year after flash crash

Regulators are moving to lift a veil of secrecy over a key constituency on Wall Street a year after the flash crash, but how much disclosure should be required of high-frequency traders remains an open question.

Facebook Billionaire Mark Zuckerberg's New Home [PHOTOS]

Facebook’s CEO and founder Mark Zuckerberg became first-time homeowner with his recent purchase of a $7 million Palo Alto manse which features five bedrooms, a saltwater pool, a music alcove, five full baths, a spacious porch and glassed-in sunroom.

Bullard says Fed should wait and see after QE2

The Federal Reserve should keep interest rates on hold for some time after it completes its bond buying to assess its impact on the economy, St. Louis Fed President James Bullard said on Friday.

Oil steadies after 10 percent drop

Oil prices steadied on Friday following a torrid 10 percent slide the previous session, as shellshocked traders mulled market fundamentals and the frenzy this week that wiped out half the year's gains.

Rajaratnam returns to his trial, nursing right foot

Hedge fund founder Raj Rajaratnam, absent for three days from his trial on insider trading charges because of a foot infection, returned to the New York courthouse on Friday wearing a blue vinyl medical shoe.

Oil rebounds after 10 percent drop

Oil prices bounced back on Friday from a torrid 10 percent slide the previous session, as shellshocked traders mulled market fundamentals and the frenzy this week that wiped out half the year's gains.

Instant View: Job gains largest in 11 months

U.S. employment increased more than expected in April as private companies created jobs at the fast pace in five years, pointing to underlying strength in the economy, even though the jobless rate rose to 9.0 percent.

BofA to test overdraft program, cut branches

Bank of America Corp will test an overdraft program in the first quarter of next year, allowing customers to accept an overdraft fee when a debit transaction is turned down, a company executive said on Friday.

Stealth Helicopter Used In Bin Laden Raid

At least one of the helicopters used in the raid on Osama bin Laden's compound might have been a new stealth design, according to several reports emerging from the scene.

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