IBT Staff Reporter

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Dell raises 2012 outlook, stock rallies

Dell Inc posted profits that blew past Wall Street forecasts on improved profitability and the No. 2 PC maker raised its fiscal 2012 outlook for operating income, citing expectations for a robust back-to-school season and strong government spending.

Economic data suggests soft patch continues

U.S. factory output slipped for the first time in 10 months in April as a shortage of parts from Japan crimped activity and home building slumped, showing the economy got off to a weak start in the second quarter.

May 21 Doomsday: 'It is absolutely going to happen'

If Harold Camping is right, Judgment Day is near. Near as in four days away. Yes, you've heard correctly. The Oakland-based Family Radio Worldwide, of which Camping is the president, said they have crunched the numbers, have done the math properly, and the numbers prove that the beginning of the end of the world as we know it is May 21. A day, the Family Radio Worldwide website says, the Bible guarantees.

Intel chief says won't use ARM to make chips

Intel's chief executive rejected speculation the world's largest chipmaker might adopt rival ARM Holdings' technology to build mobile chips, and said smartphones using its silicon would go on sale next year.

Top 10 investment bank revenues down in Q1: study

Revenues at the world's biggest investment banks fell 5 percent to $52 billion in the first quarter of 2011, hit by Middle Eastern unrest, natural disasters, volatile commodities and economic uncertainty, a consultancy said in a report on the industry.

10 faces of Andy Warhol

Andy Warhol was one of America's most prolific artists. Over his career, Warhol made prints of many popular stars, such as Marilyn Monroe, Elizabeth Taylor, Brigette Bardot, and Michael Jackson. We take a look at ten of his most famous paintings.

Warriors’ 0.8% chance in the Draft Lottery

The Golden State Warriors have a slim 0.8% chance of winning the 2011 NBA Draft Lottery tonight in New Jersey. If Warriors owner and lottery representative Joe Lacob is counting, that's better odds than he will get in the California Lottery.

Pillow Fight World Cup in NYC Tonight!

There will be the first Pillow Fight World Cup in New York City tonight, ever. Contenders from the U.S., Austria, Sweden, and Japan will compete for the world championship title in pillow fighting in Brooklyn, New York.

Probes into banks mortgage lending grow

The New York attorney general's office has requested information from three major U.S. banks about their mortgage operations, according to a source familiar with the matter.

HP slashes outlook, spends on services overhaul

Hewlett-Packard Co slashed its 2011 profit forecast as it prepares to spend heavily to revamp a troubled division that provides everything from computer maintenance to high-level tech consulting, sending its shares tumbling over 7 percent.

Probes into banks' mortgage lending grow

The New York attorney general's office has requested information from three major banks about their mortgage operations, according to a source familiar with the matter.

UK to probe Big Four auditing stranglehold

UK competition authorities are to probe the stranglehold of the world's biggest accountancy firms on British blue-chip company audits after finding evidence of anti-competitive behavior.

Apple plans smaller SIM card

Apple has proposed a standardized SIM card smaller than those it currently uses in the iPhone and iPad to be able to produce thinner devices, an Orange executive told Reuters on Tuesday.

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