IBT Staff Reporter

Dell Inc, the world's No.2 PC brand, aspires to be the leader in the Asian market in three years if the economy picks up, a senior executive said on Friday.

Dell Inc, the world's No. 2 PC brand, aspires to be Asia's top PC brand in 3 years if the economy picks up, a senior executive said on Friday.

Oil fell below $65 a barrel on Friday but was on track for its largest monthly percentage gain in more than a decade after government data showed a surprisingly sharp drop in U.S. crude inventories and OPEC left output steady.

The yen rose on Friday, helped by the biggest monthly spike in Japanese industrial output since 1953, while crude prices eased from a six-month high but were still up around $3 this week on expectations of increased demand.

Sony Ericsson introduced a new phone on Thursday that allows consumers to connect to their PlayStation3 gaming consoles, part of its Christmas line-up and its strongest sign yet of integration with parent Sony Corp.

Journalist Roxana Saberi, who was released by Iranian authorities last week, said Thursday she had been under “severe psychological and mental pressure” during interrogations.

New York state Insurance Superintendent Eric Dinallo will resign effective July 3, Governor David Paterson said on Thursday, amid speculation the former prosecutor may run for state attorney general.

A U.S. traffic safety agency has ordered the first recall of Tesla’s electric sports car Roadster over a problem which can cause its rear wheels to come loose.

A proposed class action lawsuit alleges Delta Airlines and AirTran Airways colluded to begin charging customers a $15 fee to check a first bag, according to the Atlanta Journal-Constitution.

A key North American executive has resigned from Yahoo Inc, according to an internal memo on Thursday, becoming the latest senior executive to depart as new management shakes up the Internet giant.

Merrill Lynch’s energy trading operations in Houston are having a switch in some key trading positions, Bloomberg reported on Thursday.

Oil surged past $65 a barrel on Thursday to a fresh six-month high after OPEC decided to keep output unchanged and government data showed a steep drop in U.S. crude inventories.

The U.S. recession is fading but the economy will not recover in a meaningful way before the end of this year and deflation remains a risk in this climate, a top Federal Reserve official said on Thursday.

Palm Inc. said on Thursday its newest smart phone the Pre, which is coming soon, will feature Palm Media Sync, Twitter Search and App Catalog.

Top bond-fund manager Bill Gross warned of a slow U.S. recovery in coming years and said investors would do best aiming for modest returns.

Target Corp shareholders dealt a blow to activist investor William Ackman on Thursday, rejecting his slate of proposed directors and voting instead to keep four incumbents on the retailer's board.

Sales of small wind turbines in the United States grew 78 percent in 2008 compared to the previous year, the American Wind Energy Association reported on Thursday.

Venezuela's garrulous President Hugo Chavez on Thursday began a marathon four-day edition of his trademark television show to mark 10 years since the influential and widely watched program first hit the airwaves.

Police in Northern Ireland charged seven men on Thursday with the murder of a Catholic community worker which has stirred up sectarian tensions in the British-controlled province.

Millions of Xbox 360 owners in Britain and Ireland will be able to watch live programing such as Premier League soccer and movies following a deal with pay-TV group BSkyB.

President Barack Obama on Thursday ratcheted up pressure on Israel to freeze settlements as he sought to reassure visiting Palestinian President Mahmoud Abbas of U.S. support for Palestinian statehood.

Dell Inc, the world's No. 2 PC maker, narrowly beat analysts' expectations for sharply reduced profit on Thursday, even as the global downturn hit technology spending, helping its shares rise after hours.

Germany and the United States get what may be their last chance to save Opel on Friday when they try to put a heated row behind them and forge a plan to shield the carmaker from a bankruptcy of its parent General Motors.

Hulu took another step forward to sealing its online presence by rolling out a downloadable desktop version of its own video Web site.

Target Corp shareholders reelected its four incumbent directors, the retailer said on Thursday, dealing a defeat to activist investor William Ackman, who launched a heated proxy contest seeking five seats on its board.

Australian Bank of Queensland on Thursday launched its first in-branch foreign currency ATM making it easier for locals to get foreign currency before heading abroad.

Stocks climbed more than 1 percent on Thursday as higher oil prices drove up energy shares and falling yields in the bond market eased concerns that higher borrowing costs would hinder economic recovery.

The cardiovascular fitness level of cancer survivors is not affected by many standard cancer therapies, say researchers from Georgetown University Medical Cancer. That is the finding of a new observational study to be presented today at the American College of Sports Medicine in Seattle.

GE Oil & Gas said on Thursday it will supply Abu Dhabi Company for Onshore Oil Operation (ADCO) with its advance technology and services together with ABB in supplying the variable speed drive system (VSDS) electrical scope, including motors, transformers and converters.