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.
May 17, 2011

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 17, 2011

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.
May 17, 2011

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.
May 17, 2011

FCC asks Apple, Google to location-tracking forum

In its first look at the growing controversy about location tracking by smartphones, the Federal Communications Commission has invited Apple, Google and consumer advocates to a forum in late June.
May 17, 2011

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.
May 17, 2011

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.
May 17, 2011

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.
May 17, 2011

U.S. factory, services revenue to rise in 2011: ISM

The U.S. manufacturing and services sectors will continue to grow this year as revenues rise, but prices for materials are seen climbing further, according to an industry forecast released on Tuesday.
May 17, 2011

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.
May 17, 2011

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.
May 17, 2011

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.
May 17, 2011

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.
May 17, 2011

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