IBT Staff Reporter

European mutual fund managers sense an opportunity to drive down the price of Glencore International's bumper $11 billion listing, as fears of slowing global economic growth rattles commodity markets.

Spain's economic recovery remained fragile at the start of the year, despite a pick up in exports and more people coming to its beaches, and doubts persist over the country's ability to grow fast enough to reduce its debt burden.

ST. LOUIS, May 5 - The Justice Department's money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers, a source close to the investigation said on Thursday.

The U.S. private sector in April generated the most jobs since February 2006, but the jobless rate jumped back up to 9 percent from the previous month's 8.8 percent.

The White House and Republicans agreed on Friday that jobs growth is not coming quickly enough despite the latest report showing that private sector jobs growth has continued to growth for the last 14 months.

Oil prices rose on Friday, bouncing up $3 in a slight rebound from a 10 percent crash the previous session.

Apple plans to start planting ARM processors in laptops which would usher in a departure from Intel chips which currently power its MacBook Pros.

Happy Birthday, George Clooney! The original sexiest man alive turns 50 today.

The Federal Bureau of Investigation has raided a house near Tacoma, Washington in search of hackers who went after a really big target: legendary rocker Gene Simmons.

Commodities trader Glencore is being pursued for as much as $900 million in damages through lawsuits including a long-running U.S. case linking it to pollution in the U.S. Virgin Islands.

U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent.

Wells Fargo & Co on Friday raised its worst-case estimate for litigation losses by 42 percent to $1.7 billion because of its exposure to foreclosure-related legal issues.

European football's governing body, UEFA, has suspended Real Madrid manager Jose Mourinho for five games by Uefa with a fine of £44,000, punishing him for his conduct during and after the first leg of his side's Champions League semifinal against Barcelona.

Gap sacks its chief designer after first quarter figures revealed declining sales.

Oil prices seesawed on Friday turning positive on better than expected U.S. jobs data, which eased fears about global economic recovery that led to a 10-percent price crash the previous day.

The top U.S. securities regulator on Friday called for a broad reassessment of high-frequency trading on the one-year anniversary of the so-called flash crash of 2010.

U.S. stocks jumped at the open on Friday, cutting weekly losses on the S&P 500 in half, after an unexpectedly strong payrolls report eased fears about the path of the economic recovery.

Indonesia on Friday slapped lengthy bans on Citibank's credit card and wealth management businesses over a case of alleged embezzlement and the death of a client following questioning by debt collectors.

Last night, one of the remaining five contestants was eliminated. The person who received the least amount of votes this week was Jacob Lusk.

Former Cuban President Fidel Castro derided U.S. action that killed Al Qaeda leader Osama Bin Laden calling it an abhorrent deed.

The latest jobs report released Friday was welcome news but nowhere close to where it should be thanks to tax uncertainty and spending plans being put forward by Democrats in the White House and the Senate, House Speaker John Boehner said.

Sony Chief Executive Officer Howard Stringer apologized to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever.

Contributing the inevitable mind games, United midfielder Nani has claimed that the prospect of playing Manchester United at Old Trafford will frighten Chelsea

U.S. stocks were set for a higher open on Friday, putting the S&P on track to snap a four-day losing streak, after an unexpectedly strong payrolls report eased fears about the path of the economic recovery.

U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent.

The steep slide in oil prices this week is welcome because crude above $120 a barrel may hurt the world economy, while crude at $90 to $100 is ideal, an OPEC delegate said on Friday.

Sony has been subpoenaed by the New York State Attorney General in the wake of a hacking attack exposing the account records of 100 million customers.

On international trade, Vladimir Putin seems to be channeling the autocratic spirit of Catherine the Great. He wants Russia to modernize by joining the World Trade Organization -- but not too much.

While the full version that was shown on E! is ten minutes long, Mother Monster put up a five minute clip on YouTube.