IBT Staff Reporter

Mobile phone maker Nokia Oyj abandoned hope of meeting key targets just weeks after setting them, raising questions over whether its new boss can deliver on the turnaround he promised in February.

May 31, 2011

Space Shuttle Endeavour's flight crew is making final preparations to make a pre-dawn landing in Florida on Wednesday after wrapping up an 11 day stay at the International Space Station.

May 31, 2011

The European Central Bank will not let Lorenzo Bini Smaghi be forced off its executive board and expects him to leave only if he is asked to head the Bank of Italy when Mario Draghi becomes ECB president in November, ECB sources have told Reuters.

May 31, 2011

Activision today has finally announced a subscription service for its popular Call of Duty game series providing gamers with stats for their play and some social features.

May 31, 2011

The Computex, the world's second-largest consumer electronics trade fair, has kicked off Tuesday, unveiling over 50 new tablets from manufacturers of all sizes.

May 31, 2011

Apple Inc Chief Executive Steve Jobs, who spent months on medical leave, will open an annual developers' conference next week showcasing the iPad maker's latest computer software and a new cloud computing service.

May 31, 2011

This past weekend Sean Kingston crashed his het ski into a bridge and remains in critical condition in the hospital.

May 31, 2011

The European Commission plans to call Britain and Denmark to account for dragging their feet on enforcing a controversial new law to protect people's privacy on-line, a spokesman said.

May 31, 2011

Apple announced the release of new products coming next week in the company's WWDC (Worldwide Developers Conference). Along with the next version of iOS and Mac OS X Lion, Apple confirmed the release of iCloud, which has long been speculated and rumored after Apple acquired cloud-music service with Lala in 2009 and obtained the domain iCloud.com.

May 31, 2011

Pension funds and endowments are sending hedge fund managers a friendly message -- let us sit in the front seat with you, please.

May 31, 2011

The pre-dawn bus crash in Central Virginia that killed four and injured at least 50 others is prompting more inquiries into driver safety after the Virginia State Police blamed driver fatigue for the fatal accident.

May 31, 2011

Will Smith is no stranger to celebrity death hoaxes on the Internet.

May 31, 2011

Hollywood actor Brad Pitt is planning to take his relationship with Angelina Jolie to the next step by marrying her soon

May 31, 2011

Stocks rose on Tuesday on optimism that more financial aid for Greece was imminent, but weaker-than-expected manufacturing and consumer confidence data underscored the doubts that have hit stocks this month.

May 31, 2011

Mac Defender may have triggered panic in the Apple community for the past several weeks, busting myth that Macs are virus-proof, but it cannot claim the distinction of being the first malware to attack Apple computers.

May 31, 2011

Solutions to fix the mess the U.S. housing finance system are months if not years away, but U.S. Treasury Secretary Timothy Geithner will likely reiterate his view to Congress on Wednesday that the United States must make that system more efficient, resilient and less complex.

May 31, 2011

According to a new study stress is not a risk factor in the development of multiple sclerosis (MS). The study was published in May 30 issue of Neurology.

May 31, 2011

Giant global chip maker, Intel, will launch a new type of laptop which will cost less than $1,000. Intel announced the Ultrabook series on Tuesday at Taipei's Computex trade show which has become one of the largest computer and technology fairs in the world.

May 31, 2011

The offenses and defense of the Boston Bruins and the Vancouver Canucks match up well, so the Stanley Cup may come down to the goaltenders. If it does, the Boston Bruins will win on the back of goalie Tim Thomas.

May 31, 2011

Nokia, the world's biggest phone maker by volume, warned on Tuesday that sales and margins would fall well below its previous guidance and dropped its full-year outlook, sending its shares down 12 percent.

May 31, 2011

Single-family home prices dropped into double-dip territory in March as the housing market remained bogged down by inventory and weak demand, a closely watched survey said on Tuesday.

May 31, 2011

Consumers turned more pessimistic this month, while home prices fell back below crisis-era lows in March, pointing to an economy that continues to struggle.

May 31, 2011

Single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said on Tuesday.

May 31, 2011

Stocks climbed on Tuesday as optimism that new aid for Greece was on the horizon lifted the euro against the dollar, overshadowing another round of weaker-than-expected U.S. economic data.

May 31, 2011

This June, Art Below will display an artist's work on a billboard for 2 weeks in one of London's major underground stations.

May 31, 2011

E. coli outbreak in cucumbers has already killed 15 people in Europe.

May 31, 2011

The United States as a free people and free society remain thanks to the 'dear cost' of soldiers who have given their lives, President Barack Obama said on Monday at Arlington National Cemetery at a Memorial Day Service.

May 31, 2011

Apple has confirmed that it will launch iOs 5, iCloud and Mac OS X Lion at the company's annual Worldwide Developers Conference (WWDC) on June 6.

May 31, 2011

Microsoft Corp. has set up troublesome rules on makers of processors to support the up-coming Windows tablet-computer operating system, Acer Inc. Chairman and Chief Executive Officer J.T. Wang said at the Computex trade show in Taipei.

May 31, 2011