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Euro 2012: Spain to Face Italy, Croatia, Ireland

Spain avoided its biggest challengers in the first round of the 2012 European Championship, leaving Germany and the Netherlands in the toughest group of the competition.

Spain, which beat Germany to win the Euro 2008 title and then defeated the Dutch in last year's World Cup final, was drawn Friday in Group C with Italy, Ireland and Croatia for next year's tournament in Poland and Ukraine.

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Euro 2012: Germany Downplays Expectations in Tough Group

Billed as the nation most capable of ending Spain's reign as European champions, Germany could have an unusually tough time just getting out of the group stage at Euro 2012.

In one of the most anticipated matchup of the tournament's first phase, Germany was handed a tantalizing duel against its fiercest and nearest rival, the Netherlands, in Friday's draw. If that wasn't a big enough challenge, next June, three-time champion Germany was also pooled with Portugal and Denmark in Group B — widely seen as by far the toughest of the tournament.

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Zynga Hopes to Raise about $1 Billion in IPO

Hoping to harvest some fresh cash, the online game company behind "FarmVille" said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares.

Zynga Inc. is the latest in a spate of IPOs by Internet companies this year, ranging from professional networking service LinkedIn Corp. to the online deals site Groupon Inc.

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China Wants to Invest in U.S. Roads, Rails

China's commerce minister says his government wants to convert some of its huge holdings of U.S. government debt into investment in American roads and railways.

Chen Deming told a business group Friday his government wants to expand commercial and investment cooperation with the United States in infrastructure, clean energy and technology industries.

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Experts Re-Classify Painting as Real Rembrandt

Experts have reclassified a painting of an old man long thought to have been made by one of Rembrandts' students as having come from the hand of the Dutch master himself, after X-ray analysis revealed outlines of a self-portrait of the artist as a young man underneath.

Ernst van de Wetering of the Rembrandt Research Project cited the new X-ray scans of the painting "Bearded Old Man," in addition to stylistic analysis and circumstantial evidence in support of the conclusion.

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UK Spy Agency Asks Hackers to Crack Code

Can you crack the code?

That's the question Britain's electronic listening agency, GCHQ, is asking in an online campaign to find the next generation of cyber specialists.

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RIM Writes Off Value of Tablet Inventory

Research In Motion Ltd., the struggling maker of the BlackBerry phones, is writing off much of its inventory of PlayBook tablets, since it has to sell them at a deep discount.

The Canadian company on Friday said it's taking a pre-tax charge of $485 million in the just-ended quarter to account for the declining value of the tablets. The model originally priced at $500 now costs $200.

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Scorsese's 'Hugo' Named Best Film by NBR Awards

The National Board of Review picked Martin Scorsese's 3-D "Hugo" as the year's best film, an unusually kid friendly choice sure to add further intrigue to the Oscar hunt.

The group also picked Scorsese as best director for his whimsical film about an orphan who lives in a 1930s Paris train station. It's the director's first film in 3-D but one in which the adventure leads back to the early days of cinema and the wondrous films of French filmmaker George Melies.

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Jackson Legacy Expected to Thrive after Trial

The private world of Michael Jackson, fiercely shielded by the superstar in life, was exposed in the trial of Dr. Conrad Murray. But rather than suffering harm from revelations of drug use, experts say Jackson's legacy and posthumous earning power will survive any damage done and could actually grow after he was portrayed as a victim of a money-hungry doctor.

Jackson died before he could launch a series of highly anticipated comeback concerts in London as he tried to regain the towering status he enjoyed when he released the "Thriller" album in 1983.

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Taylor Auction Tells Story of Life and Loves

From the colorful, couture frocks worn during her two weddings with actor Richard Burton, to the dazzling ruby and diamond Cartier jewelry set, a gift from her third husband, film producer Mike Todd, "The Collection of Elizabeth Taylor" on display at Christie's auction house in New York tells a passionate story, spanning seven husbands and nearly five decades.

"(Through the collection) you can see that all the men were really, really fundamentally in love with her," said Orianne Collins, a jewelry designer and Taylor aficionado who hosted a preview of the exhibition Thursday before it opens to the public on Saturday.

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