BUSINESS

?PlayStation All Stars Battle Royale,? a brawl-out fighting game that will feature iconic characters from PlayStation?s history of titles, was announced last week and will launch during this holiday season. Of course, fans are wondering if this will compare to Nintendo?s widely successful ?Super Smash Bros.? series, which has seen various releases ranging from Nintendo 64 to the most recent Wii Console.

International Workers' Day, also known as May Day or Labor Day, is observed on May 1 and recognizes labor movements around the world.

Many believe Apple will finally use its recently licensed patents for liquid metal in its sixth-generation iPhone, presumably called the iPhone 5. In response to these rumors, French designer Antoine Brieux conjured up several artist renderings of what the liquid metal iPhone could look like. Check out pictures of Brieux's iPhone 5 liquid metal LM concept here.

Shares of chip designer Integrated Device Technologies Inc. (Nasdaq: IDTI) plunged as much as 15 percent after it announced it would acquire PLX Technology Inc. (Nasdaq: PLXT) for $330 million.

Time Warner Inc. (NYSE: TWX), one of the world's largest media conglomerates, is expected to have increased revenue and earnings per share in the first quarter, as viewership in its cable television division increases.

Chesapeake Energy Corp will find an independent, non-executive chairman to replace Aubrey McClendon, who will retain his position as chief executive officer, the natural gas producer said on Tuesday.

Ford Motor Company (NYSE: F) sales dropped 5 percent in April, despite sales growth for its Explorer, F-series trucks, Fusion and Edge vehicles, the company reported Tuesday.

Bank of America Corp., the second-largest U.S. bank by assets, will dismiss about 2,000 employees, many of whom earn high salaries, in its investment banking, commercial banking and non-U.S. wealth-management units, according to the Wall Street Journal.

Diamond Pet Foods, a Missouri-based pet food manufacturer, has issued a recall and suspended production on its dog and puppy dry food because of possible salmonella contamination. The latest recall comes from the same plant that produced mold-contaminated food when dozens of dogs were killed nationwide in 2005. According to a statement from the company, which is under Schell and Kampeter, Inc., the recall includes the Chicken Soup for the Pet Lover's Soul Adult Light Formula dry dog food and ...

The Chinese are benefiting from advances in transportation and communication, as well as policies established by the government,

The ultra-nationalist Chrysi Avgi (?Golden Dawn?) party ? which Greek and European media sometimes label as a Neo-Nazi organization -- is expected to gain 5 percent of the total vote, well above the 3 percent minimum required for entering parliament.

Chrysler Group LLC said Tuesday that U.S. auto sales rose by 20 percent in April, the strongest result in four years and another sign of a resurgent auto industry.

Business at U.S. manufacturers expanded in April at the fastest pace in 10 months that topped economists' expectation, according to a closely watched survey of the sector released Tuesday.

The British manufacturing sector is approaching negative growth thanks largely to a decline in exports to the troubled eurozone, according to a monthly benchmark index that gauges industrial health released Tuesday.The Markit/CIPS Purchasing Managers' Index (PMI) for the manufacturing sector fell to 50.5 in April, down from 51.9 in March. The report also showed the sharpest decline in new export orders since March 2009.

Woodside Petroleum Limited (AX: WPL) sold a 14.7 percent stake in its Browse liquid natural gas (LNG) development project for $2 billion to a Japanese joint venture operated by Mitsui & Company Limited and Mitsubishi Corporation, the Australian company announced Tuesday.

Natalie Wood, the Hollywood princess who mysteriously disappeared off a yacht in 1981 is making headlines again. This time the headlines are due to her daughter, Courtney Wagner, who she had with actor Robert Wagner. Courtney Wagner was arrested this week for coke and heroin possession.

The Kentucky Derby -- with all its muscular thoroughbreds, flowery hats, and mint juleps -- put?s Louisville under a spotlight, but there's more to Derby City than Churchill Downs.

Now it?s official: Activision?s ?Call of Duty: Black Ops 2? is slated for a release date of Nov. 13 for Xbox 360, PlayStation 3, and PC gamers. The sequel game?s UK website just went live on May 1 before the official reveal, confirming that ?Black Ops 2? will launch this holiday season.

Samsung Electronics (NYSE: SSNLF) reclaimed the No. 1 rank in mobile phone shipments overall and in the smartphone sector, market researcher IDC reported.

Rupert Murdoch is unfit to run a major international company, British lawmakers said on Tuesday, finding him responsible for a culture of illegal phone hacking that has convulsed his News Corporation media empire.

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

Gold touched two-week highs on Tuesday, set for its longest stretch of daily gains in eight months, after a rally in the dollar fizzled out as investor concern escalated over the resilience of the U.S. and euro zone economies.

India's exports in March fell for the first time in two and a half years as demand weakened in Europe and the U.S.

The worldwide smartphone market grew by 42.5 percent year-over-year in Q1 2012, with South Korean technology giant Samsung overtaking Cupertino-based Apple for the smartphone leadership position.

A sex hungry 47-year-old is terrorizing the city of Munich. The German nymphomaniac has already struck terror in a man who she forced to have repeated sexual encounters with. Now, the sex fiend has left her second victim sobbing in the street.

Symantec Corp. (Nasdaq: SYMC), the largest provider of security software, is likely to confirm prior guidance for lower-than-expected fourth-quarter results on Wednesday.

Indian State run insurance companies will indemnify local ships carrying Iranian oil, enabling the country import oil from Iran, Reuters reported quoting Shipping Corp of India director.

Microsoft is all set to invest $300 million in Barnes & Noble's e-reader and tablet business, foraying into the race for digital publishing and online education.

Futures on major US stock indices point to a lower opening Tuesday ahead of economic data, which include ISM manufacturing index.