IBT Staff Reporter

Research In Motion launched the Playbook last night in New York, but questions about who the device is aimed at still linger.

ABC announced it will be canceling two daytime soap operas, All My Children and One Life to Live.

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.

The Dow and S&P rose on Friday as encouraging economic indicators offset disappointing results from Bank of America Corp , though weakness in Google Inc kept the Nasdaq's advance in check.

Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumer confidence rose in April.

Mattel Inc, maker of Barbie dolls and Hot Wheels cars, reported a 33 percent drop in first-quarter earnings on higher costs.

South Korea's top internet portals filed a complaint on Friday with antitrust regulators against Google Inc, alleging the search giant was unfairly stifling competition in the domestic mobile internet search market.

President Barack Obama joked about his birthplace on Thursday at a campaign speech in Chicago where he prepared supporters at a fundraiser for a 2012 presidential re-election run.

The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.

A new study shows that most of the energy a computer ever uses is in the manufacturing process rather than when it s being used.

Microsoft co-founder Paul Allen won't apologize for his unabashed criticism of former best friend and co-founder Bill Gates.

Charles Schwab Corp , the largest U.S. discount brokerage, on Friday posted slightly higher-than-forecast earnings as rising stock markets led to increased trading and fees from clients.

The White iPhone 4 will cease to play hide-and-seek as Apple will start selling the elusive device by the end of this month. Its launch remained as elusive as a white tiger since June 2010.

Philadelphia Federal Reserve Bank President Charles Plosser on Friday said the U.S. central bank could move to tighten monetary policy this year if the recovery unfolds as he expects.

Google Inc's stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.

The Dow and S&P rose on Friday as encouraging economic indicators offset some disappointing corporate results, though weakness in Google Inc pressured the Nasdaq.

With everyone expecting Chelsea manager Carlo Ancelotti to be sacked at the end of the season, the Italian has claimed it would not be a problem for him.

The signature blue beach house featured in the now classic Beverly Hills, 90210 which was inhabited by Jennie Garth and Tori Spelling, is for sale for approximately $9 million, according to a report by People.com

China and India both reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.

The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.

Gold jumps to new record highs over $1480 US dollar per ounce on Friday as Asian demand is unstoppable. Silver is holding near its earlier 31-year high at $42.64.

Arsenal's injury worries have eased off a bit with the news that Wojciech Szczesny could recover in time to cover the posts against Liverpool on Sunday.

The securities regulator is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds to various investors that helped unleash the financial crisis, the Wall Street Journal reported, citing sources familiar with the matter.

The Dow and S&P were flat on Friday as a gauge of consumer inflation offset disappointing results from Bank of America Corp and Google Inc , while the Nasdaq composite index fell.

Prices to Buy Silver and gold jumped at the start of Asian trade on Friday, hitting new 31-year and all-time Dollar records respectively, as Beijing reported a surge in China's growth and inflation rates.

The playbook launch party in New York was designed to show off Research In Motions' latest device, but questions still linger about who it is for.

Daytime soap operas got a crushing blow Thursday as it was announced that ABC will cancel All My Children and One Life to Live.

Mattel Inc beat quarterly revenue expectations on strong demand for its mainstay Barbie dolls, and its shares rose 3 percent.

Stocks opened little changed on Friday as a gauge of consumer inflation showed subdued price pressures, offsetting disappointing results from Bank of America Corp and Google Inc .