IBT Staff Reporter

Sprint Nextel Corp said it will sell Palm Inc's long-awaited Pre smartphone starting on June 6 for $199.99 with a two-year service agreement, in line with Apple Inc's iPhone price.

Hewlett-Packard Co gave a disappointing outlook for full-year revenue and said it will lay off another 2 percent of its workforce as consumers and businesses cut spending on computers, printers and services, sending its shares down about 5 percent.

Two independent advisory firms offered differing opinions about whom to elect at Target Corp’s annual shareholder meeting on May 28, with one suggesting four incumbents remain, with another suggesting two new members.

Gmail users can now automatically translate their messages into 41 languages, Google announced Tuesday.

The Canadian government unveiled on Tuesday a C$1 billion ($860 million)Clean Energy Fund that will focus on the development of renewable energy technologies, including carbon capture and storage as well as sustainable oil sands development.

Facebook CEO Mark Zuckerberg hopes to eventually take his company public but said it won't be for a few years, and stressed that the world's largest online social network is in no immediate need of capital.

Today, Dell introduced the new Latitude 2100 netbooks designed for use in schools for students in K-12. The new netbooks has a rubberized design that is easier for children to carry and use safely which also helps the machine to withstand rigorous living with kids.

AT&T Inc is considering offering cheaper data service plans with limited Web surfing for advanced cellphones including Apple Inc's iPhone.

The Federal Reserve said Tuesday that big banks seeking to pay back government aid could start doing so by June, according to a Fed spokesperson.

A federal appeals court reinstated a claim by a JPMorgan Chase & Co credit card holder accusing the bank of failing to properly disclose risk factors that allow it to suddenly raise rates.

A federal court has approved the distribution of more than $843 million to harmed investors at insurer American International Group , the U.S. Securities and Exchange Commission said on Tuesday.

Hewlett-Packard Co gave a disappointing outlook for its full-year revenue as consumers and businesses reduce spending on computers, printers and services, sending its shares down about 5 percent.

Intel unveiled its 2009 platform for its Atom processor on Tuesday, and gave details of its Moblin operating system which are both targeted largely at Netbooks.

The Dow and S&P 500 slipped on Tuesday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard .

A Constellation Energy nuclear energy facility, with a power generation capacity of 1,600 megawatts, has entered into a final phase to be selected to receive a portion of the Department of Energy's $18.5 billion loan which is allocated for advanced nuclear projects.

Neal S. Wolin was confirmed as the Deputy Secretary of the U.S. Department of the Treasury by the United States by Senate late Monday.

Several major banks are seeking permission to repay government bailout funds, and JPMorgan Chase & Co expects repayments to begin within the next couple of weeks.

The Dow and S&P 500 slipped on Tuesday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard .

Hewlett-Packard Co. on Tuesday reported second quarter net income of $1.7 billion, or 70 cents a share, down from $2.1 billion, or 80 cents a share in the same period last year as sales fell across nearly all the company's business lines.

Hewlett-Packard Co reported in-line results but issued a more pessimistic fiscal year revenue forecast, sending its shares down nearly 4 percent after hours.

U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.

Vaccine makers could produce 4.9 billion pandemic flu shots per year in the best-case scenario, the head of the World Health Organization said on Tuesday, as rich and poor countries grappled over limited supplies.

A White House task force charged with helping to revive the economy will focus on the creation of a comprehensive U.S. energy plan that will generate millions of clean energy jobs when its meets on Wednesday, the White House said.

Israeli Prime Minister Benjamin Netanyahu faced fresh pressure on Tuesday from the United States to freeze Jewish settlement activity that Palestinians see as an impediment to peace.

General Electric Co has already raised all the money it planned to seek on debt markets for 2009 and may reach its 2010 goal before the year is out, Chief Executive Jeff Immelt said on Tuesday.

Daimler is taking a 10 percent stake in Tesla Motors, a U.S. based electric car start-up, as it expands its green auto business, the head of Daimler's research department said on Tuesday.

Credit card companies are likely to have tougher rules to live by as the U.S. Senate on Tuesday voted 90-5 to approve a new bill restricting credit card practices; President Barack Obama is expected to sign it into law before month end.

Home Depot Inc reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the results disappointing in comparison with those of smaller rival Lowe's Cos Inc .

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