IBT Staff Reporter

Wall Street rallied and the S&P 500 hit its highest level since June 2008 on Tuesday as a flood of positive corporate results added to increasing optimism about the economic growth outlook.

Oracle Corporation announced that its president, Safra Catz will be taking over as chief financial officer in the wake of CFO Jeff Epstein's departure.

The American computer scientist John McCarthy -- who coined the phrase artificial intelligence -- predicted in 1961 that computing power may someday become a public utility, much like electricity or water.

Analysts remained confident of Netflix Inc's web streaming services growth model, despite a disappointing profit outlook that triggered a sharp fall in the company's stock price on Monday.

Boeing Co said on Tuesday it could make a long-awaited decision on the future of its popular 737 aircraft line by the middle of this year.

French President Nicolas Sarkozy threw his weight behind Mario Draghi's candidacy to head the European Central Bank on Tuesday, giving a major boost to the Bank of Italy chief's hopes of succeeding Jean-Claude Trichet.

Oil prices seesawed near unchanged in volatile trading on Tuesday, as investors eyed a U.S. Federal Reserve two-day policy meeting for any signal of a change in monetary policy.

A group of anonymous internet activists have surged to prominence in Germany by examining the doctoral dissertations of politicians for plagiarism on a public Internet site.

China's massive Internet market should not be singled out and treated differently from other Internet markets in the world, a Google China executive said on Tuesday.

Sony launched its first tablet computers Tuesday in an ambitious attempt to grab the No.2 spot from Samsung in a fast-growing market dominated by Apple's

With Sony's PlayStation Network's outage now its sixth day, new theories have attempted to answer the questions that Sony has so far avoided.

Spain's short-term borrowing costs jumped on Tuesday as euro zone markets returned from the Easter break still fretting about a potential Greek debt restructuring with knock-on effects on other sovereigns.

Electronic Arts Inc's chief operating officer has resigned, and a source close to the matter said he will take an executive post at Zynga, the privately held social games company.

Solid earnings from Ford, 3M Co and United Parcel Service lifted stocks on Tuesday, but the rally to around three-year highs may face a hurdle as the Federal Reserve begins a policy meeting.

YouTube is preparing a video rental service according to one report.

Coach Inc reported a higher-than-expected quarterly profit as sales at its North American stores soared, but the upscale handbag maker warned that the disasters in Japan would dent results.

It was announced last week that comedian Jim Carrey will join the cast of NBC's The Office for a 50-minute finale special.

Before Schalke's biggest game in their history against Manchester United in the Champions League semi final, the German side couldn't resist cheeky jibes aimed at Manchester United and England in general.

United Parcel Service reported a quarterly profit that beat estimates as price hikes stuck, and the world's largest package delivery company raised its 2011 forecast for record results.

Oil traded narrowly lower, then higher, in nervous, choppy business on Tuesday ahead of a U.S. Federal Reserve policy meeting that could signal a change in the country's easy monetary policy.

The Federal Reserve kicked off a two-day meeting on Tuesday that is expected to conclude with a signal that it is in no hurry to scale back its massive support for the economic recovery.

IBM increased its stock buyback plan by $8 billion and raised its dividend by 15 percent.

House Speaker John Boehner said on Monday that 'there's a chance' a vote to raise the debt limit beyond $14.3 trillion may not happen if President Barack Obama 'doesn't get serious' about handling the nation's fiscal problems.

Wael Ghonim, the Google executive’s whose voice helped launch a revolution, has announced he is moving on from the tech giant.

Months of hype have surrounded the most anticipated day of the year. Later this week, Prince William and Kate Middleton will tie the knot in a ceremony in London.

Industrial and consumer goods conglomerate 3M Co reported higher-than-expected quarterly profit on Tuesday, helped by sales to emerging markets, and raised its full-year profit forecast.

Coca-Cola Co's quarterly results slightly missed Wall Street estimates, as the Japan earthquake and the timing of marketing expenses overshadowed strong sales volume, and its shares fell 2.3 percent.

Solid earnings from big U.S. companies such as Ford, 3M Co and United Parcel Service lifted stocks on Tuesday, but investors braced for a report on consumer confidence amid concerns about the recent rise in oil prices.

U.S. stocks opened slightly higher on Tuesday after stronger-than-expected earnings from bellwethers, including Ford Motor Co , 3M Co and United Parcel Service , though weakness in Coca-Cola Co limited gains.