IBT Staff Reporter

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RIM's outlook disappoints, shares tumble

Blackberry maker Research In Motion on Thursday warned its earnings would slip as it spends heavily on the launch of its PlayBook tablet, sending its shares tumbling as much as 12 percent.

Apple launching iPad 2 overseas

Apple is launching its iPad 2 in more than 25 countries on March 25th, 2011. Their supply shortage is not stopping them from launching the products abroad quickly.

Military power demonstration in the Arctic

The United States is staging high-profile submarine exercises in the Arctic Ocean this month as evidence mounts that global warming will lead to more mining, oil production, shipping and fishing in the world's last frontier.

Porsche 918 Spyder priced at $845,000

The Germany based car company has introduced its new car Porsche 918 Spyder, clocking in at an incredible $845,000. The company will only produce 918 models. Manufacturing will begin September 13, 2013 in Germany.

NATO Takes Charge On Libya, as U.S. Steps Back

NATO, with all its 28 member nations in agreement, agreed on Thursday that it will take over command and control of operations to enforce a no fly zone over Libya and all necessary measures to protect civilians, with the United States handing over the heavy lifting to its partners.

Instant view: RIM issues weak outlook, shares tumble

Research In Motion's net profit jumped 32 percent in its fiscal fourth quarter, boosted by strong global BlackBerry smartphone sales as it readies next month's North American launch of its PlayBook tablet computer.

Barclays raises 2011 oil price forecasts

Barclays Capital raised its 2011 oil price forecasts on Thursday to reflect the cumulative effect of the fundamental and geopolitical developments in 2011 and importance of events over the past 10 days in particular, the company said in a note to clients.

Oracle signals strong tech spend, shares rise

Oracle Corp forecast a 4 to 14 percent rise in sales of new software this quarter and hiked its dividend by a fifth, fueling hopes that a global resurgence in technology spending remains intact.

U.S. Postal Service to cut 7,500 jobs, close offices

The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service .

Ponzi schemer charged with insider trading

Barry Minkow, an audacious former Ponzi scheme swindler who claimed to have cleaned up his act, was charged on Thursday with insider trading in shares of Miami-based Lennar Corp , a leading U.S. homebuilder.

Best Buy shoppers shun pricey TVs; outlook dim

Best Buy Co Inc gave a fiscal year profit outlook that could miss Wall Street estimates as budget-conscious U.S. shoppers show little interest in buying big-ticket items like televisions, and its shares fell nearly 6 percent.

Ford sues Nissan's Brazil management over TV ad

The Brazilian unit of Ford Motor Co filed a criminal lawsuit against the local management of rival Nissan Motor Co <7201.T> for airing a TV commercial that says the U.S. automaker charges customers too much for hatchback models.

Portugal woes complicate EU debt crisis summit

A political crisis in Portugal that has forced the resignation of its prime minister dominated the start of an EU summit on Thursday, further complicating efforts to solve the euro zone's debt problems.

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