IBT Staff Reporter

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Inflation jitters interrupt Wall Street rally

In the lightest volume session of the year, U.S. stocks fell on Monday after a lowered outlook from Kimberly-Clark increased concerns about higher commodity costs squeezing profits in coming quarters.

Analysis: On Cloud 2: making fans of customers on social media

In May 2008, a blog post caught computer maker Dell Inc by surprise: popular tech blog Gizmodo had broken news about Dell's Inspiron 910 mini-notebook -- months ahead of its launch -- after seeing CEO Michael Dell toting the notebook at an industry conference.

Sony’s CD Legend Passes Away

Norio Ohga, inventor of the compact disc and one of the driving forces behind Sony during the 1980s and 1990s, recently passed away.

Costs take a swipe at Kimberly-Clark's profit

Kleenex tissue maker Kimberly-Clark Corp posted a steeper-than-expected drop in quarterly profit on Monday and cut the low end of its full-year forecast as costs of pulp and other goods are rising more than twice as much as it anticipated.

Dow, S&P edge lower on inflation jitters

U.S. stocks slipped on Monday on concerns over higher commodity costs denting corporate profits, highlighted by a lowered outlook from consumer products company Kimberly-Clark.

Yahoo buys TV check-in company IntoNow

Yahoo Inc said on Monday it has bought IntoNow, a start-up that enables users to identify and share television programs with their friends, in its continuing drive to boost its social media credentials.

Jury deliberates Rajaratnam's fate in insider case

The fate of hedge fund founder Raj Rajaratnam was in the hands of a jury on Monday in the biggest Wall Street insider trading trial in decades, a case that featured FBI phone taps and former friends who testified against him.

Johnson Controls says Japan crisis will hit Q3

Johnson Controls Inc , one of the world's largest auto suppliers, said a drop in auto production following last month's earthquake in Japan would cut earnings and revenue in its fiscal third quarter.

New home sales up, market still seen weak

Sales of new U.S. homes rose in March and the number of properties on the market was its lowest since the 1960s, but further gains will be hampered by stiff competition from a glut of previously owned houses.

Barrick strikes deal for Equinox, tops Minmetals

Barrick Gold Corp said on Monday it had struck a deal to buy Australian copper miner Equinox Minerals for more than C$7 billion ($7.36 billion), topping a takeover offer by China's Minmetals Resources by 16 percent.

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