IBT Staff Reporter

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Good times roll for auto suppliers

Major auto suppliers blew past profit expectations on Friday, suggesting the recovery in the global auto market remains strong despite rising oil prices and the disaster in Japan.

See's Candies sees bigger dairy than cocoa issue

See's Candies is experiencing more commodities cost pressure from dairy than from cocoa, despite the high prices of cocoa beans and uncertainty in the market, the chief executive of the Berkshire Hathaway -owned business said on Friday.

Rajaratnam jury hunkers down, mirrors other trials

The jury in Raj Rajaratnam's insider trading trial completed a fifth day of deliberations without reaching a verdict on Friday, mirroring the time jurors have spent in other high-profile, complex white-collar cases.

SEC freezes China Voice assets, cites Ponzi scheme

The Securities and Exchange Commission on Friday said it won a court order freezing the assets of China Voice Holding Corp, and accused a co-founder of the telecommunications company of running an $8.6 million Ponzi scheme.

Gasoline prices dent consumers' buying power

U.S. consumers increased spending for a ninth straight month in March as they stretched to cover higher costs for food and gasoline, with inflation posting its biggest year-on-year gain in 10 months.

Bernanke says U.S. economy needs more time to heal

The U.S. economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the U.S. central bank has studied lower income communities.

Oil lifted by weak dollar, to post 8-monthly gain

Oil prices pushed higher on Friday, on pace to post its eighth consecutive monthly rise, lifted by the weak dollar and turmoil in North Africa and the Middle East that offset concerns about slowing U.S. economic growth and the threat to demand from high prices.

RIM shares slide as product delays hurt outlook

Shares of Research In Motion Ltd fell 12 percent in pre-market trade on Friday, a day after the Blackberry maker slashed its first-quarter outlook as product delays hurt sales in the United States and Latin America.

Warren Buffett may not feel much love at his Woodstock

Warren Buffett could use a root beer float right about now -- the investment guru is feeling the heat from 40,000 shareholders who may want to criticize him, question whether he has lost touch or even push him to retire.

Dow eyes best month since December

Industrials led the Dow higher on Friday following a strong quarter and outlook from Caterpillar, and the index looked set to notch its best month since December.

Alabama Storms: Cadaver Dogs Search Large Debris Piles

Officials in Tuscaloosa, Alabama - one of the hardest hit areas by severe thunderstorms and tornadoes on Wednesday - are bringing in cadaver dogs for search and rescue operations amid large piles of debris from damaged and destroyed structures.

Mexico starts probes of TV, telecoms competition

Mexico's Federal Competition Commission said on Friday it has started separate investigations into alleged monopolistic practices in the sale of television advertising and telecommunications interconnection services.

The Royal Residence: Buckingham Palace

In the light of this morning’s royal wedding of Prince William and Kate Middleton, here is a look at the famous Buckingham Palace, which has served as the official residence of the British monarch since 1837.

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