IBT Staff Reporter

Top home improvement chain Home Depot Inc backed its sales outlook and raised its profit forecast for the year despite a slow start to the key spring selling season, sending its shares up.

A soft restructuring of Greece's sovereign debt is not on the cards, European Central Bank Governing Council member Ewald Nowotny told Austrian radio, insisting Greece take the lead on shoring up its finances.

Vodafone, the world's largest mobile operator by revenue, surprised investors with an upbeat outlook for 2012 on Tuesday after posting resilient results driven by customers upgrading to smartphones.

To add to that the shocking news that Schwarzenegger fathered a child with a member of the household staff was revealed today. When Shriver, a broadcast journalist, was informed about this, she split with her husband. She and Schwarzenegger have four children together.

Microsoft has deepened its integration with Facebook to offer more socially refined results through its Bing search engine to tackle Google's search engine algorithm.

Wall Street was set for a slightly lower open on Tuesday, pressured by a negative outlook from Hewlett-Packard Co , the world's largest technology company, and weak U.S. housing data.

Timothy Ray Brown, 45, who tested positive for HIV in 1995, has appeared in a new interview proclaiming he is cured of HIV, several months after the December study published in scientific journal Blood which said Brown had exhibited “evidence for the cure of HIV infection.”

Facebook has spent more than $6,600 lobbying California state officials to negate the Social Networking Privacy Act which will impose penalty on social networking sites for displaying personal details of children under 18.

HP cut its third quarter and year-end outlook due to problems in Japan as well as softening PC sales.

Oil prices rose on Tuesday, after sliding by around 15 percent so far in May, but investors were concerned about global growth prospects after a slew of weak economic data.

Gold Bullion prices were little changed below $1500 per ounce on Tuesday morning, but fell for non-US investors as the Dollar eased back on the currency market and European equity markets cut their earlier losses.

U.S. stock index futures rose in a modest rebound on Tuesday from the previous session's losses and before major tech companies release earnings.

Like in the case of former high profile political sex scandals, more women are coming out with allegations against the IMF chief. After the notorious incident involving him and the Times Square hotel chambermaid, its now the turn of a French journalist to ensure that Dominique Strauss-Kahn's presidential aspirations are jeopardised.

Honeywell International and BorgWarner have settled their dispute over the patent-infringement lawsuit brought by BorgWamer over a titanium wheel used in engine turbochargers.

The irrepressible form of world number two Novak Djokovic has resulted in him becoming the first player to qualify for the season ending 2011 ATP World Tour Finals.

Sony's strategy to woo its lost customers post the PlayStation Network outage involves offering loads of freebies - games, music and movies.

Two Palestinian protesters who infiltrated Israel from Syria during the Sunday demonstrations at Israeli borders were banished on Tuesday.

Toyota Kirloskar Motor Pvt. Ltd said that it will resume normal production from May 20, a fortnight ahead of schedule after the troubled car maker had decided to cut its production by 70 percent in the wake of parts shortage arising out of the March 11 earthquake and tsunami in Japan, the company said in a statement today.

Pope Benedict XVI has issued new guidelines to bishops across the world to fight child abuse by the priests.

Two of Japan's top automakers are trying to accelerate their efforts to resume full production, adding to hopes that a recovery from the country's biggest earthquake on record was well on its way as the supply bottleneck eases.

The Palestine Authority has rejected the principles Netanyahu laid out in his speech as unacceptable, adding that they were part of “preconditions.”

Two of Japan's top automakers are trying to accelerate their efforts to resume full production, but said normal output is unlikely to happen until after the summer due to persistent shortages of parts.

Stock index futures pointed to a higher open for Wall Street on Tuesday, in a modest rebound from falls in the previous session.

Europe will not let the euro fail and European Union countries are committed to cutting deficits, the president of the European Council told Chinese officials on Tuesday, seeking to ease fears that the euro zone crisis could imperil China's investments.

NEW YORK, May 16 - Lingering doubts over Chrysler Group LLC's financial outlook along with the wider availability of bank debt could make it more costly for the U.S. automaker to refinance more than $7 billion government debt from its 2009 bailout.

Vodafone, the world's largest mobile operator by revenue, issued a bullish outlook for 2012 on Tuesday after posting resilient full-year results boosted by customers upgrading to smartphones.

Vodafone, the world's largest mobile operator by revenue, issued a bullish outlook for 2012 on Tuesday after posting resilient full-year results boosted by customers upgrading to smartphones.

Libya security forces are accused of using sexual enhancement drugs and gang-raping protesting women by stopping them at the checkpoints by the chief prosecutor of the International Criminal Court.

Federal safety officials from the National Highway Traffic Safety Administration are investigating consumer complaints that the Ford Freestyle crossover vehicles are unexpectedly lunging forward.