IBT Staff Reporter

H&M launches Your Art Here, an online visual arts competition open to the public.

U.S. stock index futures added to their gains on Friday following a better-than-expected read on the labor market.

Indonesia on Friday barred Citibank from seeking new credit cards for two years over a case of alleged embezzlement and the death of a client following questioning by debt collectors.

Dreaded terrorist organization Al Qaeda has acknowledged that its founder and leader Osama bin Laden is dead, putting an end of conspiracy theories.

Indonesia's central bank on Friday sanctioned Citibank Indonesia over an alleged case of embezzlement and the death of a credit card customer, including banning it from new credit card customers for two years in Southeast Asia's biggest economy.

It was another good day for the top-three as all of Rafael Nadal, Novak Djokovic and Roger Federer progressed into the last-eights of the Madrid Open.

U.S. stock index futures advanced on Friday after four consecutive days of losses, with investors awaiting Friday's key U.S. payroll report while digesting the impact of the tumble in commodity prices.

Oil prices fell further on Friday, extending a 10 percent crash the previous day as fears about global economic recovery pushed investors to unwind commodities positions.

Spain's economy grew by a small amount in the first quarter of the year, with stronger European recovery countering the effect of sluggish domestic demand and austerity measures, the central bank said in a monthly report on Friday.

U.S. employers probably took on fewer workers in April as high energy prices sapped consumer confidence and led to doubts about the strength of the economic recovery.

U.S. stock index futures advanced on Friday after four consecutive days of losses as investors awaited Friday's key U.S. payroll report.

A new report from IHS Research says 3-D TVs will become bigger as more content comes available, the price drops and manufacturer's market them differently.

The U.S. operation involved the use of a gamut of technologically advanced gadgets and machinery. Here is a snapshot of the key technologies used to track and immobilize Osama bin Laden:

Oil prices fell on Friday, extending a 10 percent crash the previous day as fears about global economic recovery pushed investors to unwind commodities positions.

Fast buildout of mobile networks in the United States lifted Alcatel-Lucent's first quarter sales as the CEO pledged to deliver on a long-promised turnaround of the struggling telecom gear maker.

An estimated 200,000 people are held as prisoners in North Korea's network of political prison camps, according to a latest report released from Amnesty International.

JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person familiar with the investigation.

Oil prices fell 5 percent on Friday, extending a 10 percent crash on Thursday as fears about global economic recovery pushed investors to unwind commodities positions.

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, but failed to provide a date when services would resume.

China, wielding its huge dollar holdings, on Friday pressed Washington to tackle its huge fiscal deficit and said it would raise the issue of discrimination against Chinese investors at high-level talks next week.

Oil prices fell 5 percent on Friday, after a 10 percent crash on Thursday, as fears about global economic recovery pushed investors to further unwind commodities positions.

Brent crude dipped toward $107 a barrel on Friday and U.S. crude fell below $97, extending losses from a record rout in the previous session that wiped as much as 10 percent from the price.

Telecom gear maker Alcatel-Lucent stuck to its annual targets after posting in-line sales in the first quarter, helped by booming demand in North America and strong sales of wireless equipment.

A record-setting rout in commodity prices overnight showed signs of fizzling out on Friday, led by a small pullback in silver, while Asian equities consolidated near the day's lows as market players squared positions before U.S. payrolls data.

The CIA maintained a safe house in the Pakistani city of Abbottabad for a small team of spies who conducted extensive surveillance over a period of months on the compound where Osama bin Laden was killed by U.S. Special Operations forces this week, according to a report in the Washington Post.

Brent crude rose 1.3 percent to more than $111 a barrel on Friday and U.S. crude climbed back above $100 as oil rebounded from a record rout in the previous session that wiped as much as 10 percent from the price.

China staked out areas of contention with the United States on Friday ahead of strategic talks in Washington next week, including the pace of yuan reform and concerns about U.S. debt levels, but Beijing also stressed the two sides' co-dependency.

A sharp overnight selloff in commodities petered out on Friday, led by a small pullback in silver, while Asian equities clawed back up from the day's lows as market players squared positions before U.S. payrolls data.

The early raid on Monday morning that killed world’s most wanted terrorist Osama Bin Laden carried out by US navy Seals has put them in a spotlight.