IBT Staff Reporter

New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.

Consumers, already hard hit by a sharp collapse in home prices, are facing renewed challenges from higher gasoline costs, Federal Reserve Governor Elizabeth Duke said on Tuesday.

Microsoft Corp launched an update of its Windows phone software on Tuesday, hoping a host of new features will help it close the gap on smartphone leaders Google Inc and Apple Inc.

Harold Camping, breaking his silence on May 23, seems to expect Doomsday followers to cope on their own.

Harold Camping effectively pushed back the Rapture and End of the World to October 21, 2011 on Monday, saying a May 21 Doomsday prediction took place spiritually on Saturday.

Take a helping of Russian genius, add a portion of risk appetite and stir in a lot of patience, and you have the recipe for the resounding success of search engine Yandex's U.S. stock market float.

Opera Software unveiled a new version of its mobile browser for Apple's iPhone and iPad on Tuesday.

Bernard Hopkins recent victory over Jean Pascal at the age of 46 to claim the light heavyweight title seems straight out of a movie.

In an event Tuesday morning in New York City, Barnes & Noble Inc unveiled the latest addition to its line of Nook e-readers. While the new product will simply be referred to as the new Nook, the bookseller has dubbed it has The Simple Touch Reader, as it features a 6-inch E-ink touchscreen display. The device will launch at $139, which is less than what the original Nook's current price.

Harold Camping, the man who grabbed countless media attention as a result of his Judgement Day prediction, has revised his prophecy. The Evangelical radio broadcaster now understands that his prediction was five months off. Judgement Day, he said, will actually be October 21.

Several sources, including the New York Daily News, are reporting that the New York Jets are considering Randy Moss as an addition to their backfield.

Leap Wireless International Inc is opposing AT&T Inc's planned $39 billion acquisition of T-Mobile USA on the grounds that it would harm consumers.

NASA's satellites are at work again, getting images of the Grímsvötn volcano in Iceland from space.

This past weekend, country music superstar, Taylor Swift, raised $750,000 for the Community Foundation of Tennessee and the recent tornado victims.

St. Louis Federal Reserve President James Bullard said on Monday that stripping energy and food costs from inflation measurements may understate inflation. Ignoring energy prices in a price index may systematically understate inflation for many years, he added.

Harold Camping says he will no longer preach about the end of the world.

Data from the latest report in the journal Obstetrics and Gynecology shows that abortion rates were lower in most groups of U.S. women, but still on the rise among low-income women.

Japan's government maintained its overall view that the economy remained weak in the aftermath of the March earthquake, but downgraded its assessment of capital spending in a monthly report published on Tuesday.

An 899 million euro ($1.3 billion) EU antitrust fine was excessive and undeserved, Microsoft Corp told an EU court on Tuesday in a case which could draw a line under a decade of legal battles.

Mayor Bloomberg of New York will speak at the groundbreaking ceremony for the Whitney Museum of American Art.

An unrepentant Harold Camping took to the airwaves Monday night reasserting his beliefs in the end of the world, saying that judgment did come down on Saturday, and gave yet another prediction for the end of the world.

A slideshow which gives a sneak peek into Hosni Mubarak's family.

Microsoft Corp launched an update of its Windows phone software on Tuesday, hoping a host of new features will help it close the gap on smartphone leaders Google Inc and Apple Inc.

Sony says it expects to post $3.2 billion in losses, reversing previous predictions of a return to profitability.

After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.

New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.

Are you safe under an overpass? Can tornadoes cross rivers? Ten misconceptions about tornadoes you should know.

The legendary musician turns 70 years old on May 24, 2011. Dylan, born Robert Allen Zimmerman, has been a major figure in transforming the music scene for decades.

A deadly explosion at a Chinese factory making iPads for Apple has focused attention on lax industrial safety standards that continue to plague many Chinese workers, while raising supply chain risks in the high-end electronics sector.