IBT Staff Reporter

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Iron Man 3 to be directed by Shane Black

Deadline reports that Marvel Studios is in the final stage of negotiations with Shane Black to be the new director for the movie slated to be released on May 3, 2012.

US stocks lack direction, G-20 meet in focus

US stocks were mixed on Friday, with S&P 500 Index edging down 0.27 points, or 0.02 percent, to trade at 1,340.21 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 14.04 points, or 0.11 percent, to trade at 12,332.18. The Nasdaq Composite Index rose 0.07 percent to trade at 2,833.52.

Washington steps into Wisconsin Budget Drama

It's the local battle with national implications, as Washington, in the midst of its own budget battle, has weighed in on the situation in Wisconsin that is drawing thousands of upset state workers to rally in the state's capital - many teachers included - over a proposal to eliminate some collective bargaining rights as part of the bid by the Governor to balance the state's budget immediately and make it easier to do so going forward.

Gold hits 5-week high as Mideast concerns simmer

Gold hit five-week highs in Europe on Friday and silver its strongest since 1980 as growing unrest in the Middle East lifted interest in precious metals, though another reserve requirement hike from China curbed gains.

Britney Spears Vs Lady Gaga: Pop Diva War Looming

Over the next few weeks, Britney Spears and Lady Gaga will go neck-to-neck with their respective tracks 'Hold it against me' and 'Born this way'. In the wake of HIAM video premier, 'Queen Gaga' is trending on Twitter.

Hyundai, Samsung to develop Smart Car

The world's second-largest mobile phone maker Samsung Electronics and South Korea's top automaker Hyundai Motor are considering joint development of a smart car.

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