IBT Staff Reporter

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Stock market up modestly amid G-20 meet

US stocks rose modestly higher on Friday, with S&P 500 Index up 2.52 points, or 0.19 percent, to trade at 1,342.98 at 12:00 p.m. EST. The Dow Jones Industrial Average is up 42.16 points, or 0.34 percent, to trade at 12,360.30. The Nasdaq Composite Index rose 0.23 percent to trade at 2,837.98.

Reaping the profits: The 5 largest Gold Miners

Record high gold prices are boosting the earnings and valuations of Gold Mining companies. Around 20 of the biggest gold producers represent approximately 60% of global corporate gold production: 30 million fine ounces, netting $40 billion in annual revenue.

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.

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