IBT Staff Reporter

71671-71700 (out of 154953)

Probes into banks mortgage lending grow

The New York attorney general's office has requested information from three major U.S. banks about their mortgage operations, according to a source familiar with the matter.

HP slashes outlook, spends on services overhaul

Hewlett-Packard Co slashed its 2011 profit forecast as it prepares to spend heavily to revamp a troubled division that provides everything from computer maintenance to high-level tech consulting, sending its shares tumbling over 7 percent.

Probes into banks' mortgage lending grow

The New York attorney general's office has requested information from three major banks about their mortgage operations, according to a source familiar with the matter.

UK to probe Big Four auditing stranglehold

UK competition authorities are to probe the stranglehold of the world's biggest accountancy firms on British blue-chip company audits after finding evidence of anti-competitive behavior.

Apple plans smaller SIM card

Apple has proposed a standardized SIM card smaller than those it currently uses in the iPhone and iPad to be able to produce thinner devices, an Orange executive told Reuters on Tuesday.

MTA Subway Disruptions Continue Due to Derailment

There was a work-train derailment north of the Dekalb Avenue station in Brooklyn. According to officials with the Metropolitan Transit Authority, as a four-car train was coming off the Manhattan Bridge, one of the cars went off the tracks. The train carried MTA employees, but there were no injuries.

Arnold Schwarzenegger romance with staffer and love child painful and heartbreaking, says Shriver

After news arose about Arnold Schwarzenegger and Maria Shriver's separation earlier this month, the reason for their split surfaced as the former California governor admitted to fathering a love child with a former household staff member. Schwarzenegger fathered the child over 10 years ago and has kept it a secret from his wife for 25 years. It was only recently that Shriver learned about the paternity which led to the couple's separation.

Housing starts as permits fall in April

Housing starts and permits for future home construction fell in April as an overhang of homes on the market discouraged builders from taking on new projects, pointing to prolonged weakness in the housing sector.

HTC to tap tablet boom with many models

Smartphone maker HTC plans to roll out a range of different tablet computers to gain a foothold in the fast-growing market, a company executive said on Tuesday.

LinkedIn boosts IPO price range 30 percent

LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.

Coco Crisp sparks comeback, A’s edge division rival Angels

With two-outs in the bottom of the ninth, Coco Crisp singled and stole his second base to spark a comeback for the A's stagnant offense, as Daric Barton's RBI single scored Crisp to tie the game. Kurt Suzuki dove home from third base when Angel's Howie Kendrick's throw came wide off a soft grounder, as the A's beat their division rival Angels 5-4 in 10 innings.

Retailers see consumers hit by higher prices

Higher costs for gasoline, food and clothing are crimping the fledgling economic recovery, especially for lower-income consumers, earnings reports from several retailers showed on Tuesday.

Home Depot outshines Lowe's, raises outlook

Home Depot Inc stood by its sales outlook and raised its profit forecast for the year despite a slow start to the spring selling season, making some investors choose the home improvement chain over rival Lowe's.

Giants fan Bryan Stow back in San Francisco for recovery

Bryan Stow, the San Francisco Giants fan who was attacked at Dodger Stadium in April, is now back in San Francisco, still in critical condition. Stow was transported via medical jet from USC Medical Center to San Francisco General Hospital on Monday.

Housing starts and permits fall in April

Housing starts and permits for future home construction fell in April as an overhang of homes on the market discourages builders from taking on new projects, pointing to prolonged weakness in the housing sector.

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