IBT Staff Reporter

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.

Sneaker lovers can find all the information they need from Foot Locker's Snearkerpedia.

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.

There was a work-train derailment north of the Dekalb Avenue station in Brooklyn. According to officials with the Metropolitan Transit Authority, as a four-car train was coming off the Manhattan Bridge, one of the cars went off the tracks. The train carried MTA employees, but there were no injuries.

First the public found out that former California Governor Arnold Schwarzenegger was ending his marriage with Maria Shriver, a Kennedy heiress, his wife of 25 years, and the mother of four of his children.

After news arose about Arnold Schwarzenegger and Maria Shriver's separation earlier this month, the reason for their split surfaced as the former California governor admitted to fathering a love child with a former household staff member. Schwarzenegger fathered the child over 10 years ago and has kept it a secret from his wife for 25 years. It was only recently that Shriver learned about the paternity which led to the couple's separation.

Inspired by Facebook, a couple in central Israel have named their baby daughter Like.

Stocks fell on Tuesday, as a disappointing outlook from Hewlett-Packard Co and another batch of soft U.S. data added to growing trepidation about the strength of the economy.

Oil prices fell more than 1 percent on Tuesday in choppy trading as weak economic data fueled concerns about demand that have contributed to crude's 15 percent decline so far in May.

Former California Gov. Arnold Schwarzenegger has apologized to his wife, Maria Shriver after revealing that he had a child with a former household staff member.

Timothy Ray Brown, a resident of San Francisco Bay Area, is possibly the first ever person to be fully cured of the incurable HIV-AIDS disease, according to scientific journal Blood.

Housing starts and permits for future home construction fell in April as an overhang of homes on the market discouraged builders from taking on new projects, pointing to prolonged weakness in the housing sector.

Smartphone maker HTC plans to roll out a range of different tablet computers to gain a foothold in the fast-growing market, a company executive said on Tuesday.

LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.

With two-outs in the bottom of the ninth, Coco Crisp singled and stole his second base to spark a comeback for the A's stagnant offense, as Daric Barton's RBI single scored Crisp to tie the game. Kurt Suzuki dove home from third base when Angel's Howie Kendrick's throw came wide off a soft grounder, as the A's beat their division rival Angels 5-4 in 10 innings.

A couple in Israel has named their baby after the Facebook action, Like.

Higher costs for gasoline, food and clothing are crimping the fledgling economic recovery, especially for lower-income consumers, earnings reports from several retailers showed on Tuesday.

Home Depot Inc stood by its sales outlook and raised its profit forecast for the year despite a slow start to the spring selling season, making some investors choose the home improvement chain over rival Lowe's.

Bryan Stow, the San Francisco Giants fan who was attacked at Dodger Stadium in April, is now back in San Francisco, still in critical condition. Stow was transported via medical jet from USC Medical Center to San Francisco General Hospital on Monday.

Housing starts and permits for future home construction fell in April as an overhang of homes on the market discourages builders from taking on new projects, pointing to prolonged weakness in the housing sector.

Here's one deal AOL won't do: go private.

Smartphones using Intel's mobile processors will go on sale early next year and the world's biggest chipmaker is also on track with processors for tablets, Chief Executive Paul Otellini said on Tuesday.

Manchester United veteran Paul Scholes may not join Ryan Giggs in extending his playing career after the club's chief executive David Gill revealed that he expected Scholes to quit at the end of the season.

Hewlett-Packard Co slashed its full-year outlook, casting doubts about Chief Executive Leo Apotheker's turnaround plan and sending its shares down 5.4 percent.

BP's plan to gain a foothold in Russia's offshore Arctic oilfields through a deal with state-controlled Rosneft has collapsed, opening the way for other oil groups to try to fill its place.

JPMorgan Chase & Co Chief Executive Jamie Dimon said the U.S. economic recovery may be gathering steam.

Graffiti has become more widely accepted as an art form due to artists such as Banksy, but the art of graffiti has been around for decades, on view for all eyes to see.

Hewlett-Packard Co, the world's No. 1 computer maker, on Tuesday cut its financial forecasts due to problems stemming from Japan's earthquake, soft PC sales and reduced expectations for its services business.

America's two feel good stories come together as both Rep. Gabrielle Giffords and the space shuttle Endeavor came together for a inspirational launch day at the Kennedy Space Center. As the Endeavor triumphantly soared into the clouds above, congresswoman Giffords watched from her wheelchair, smiled and exclaimed Good stuff, good stuff.