Dell dip

Dell tumbled 17 percent to $12.49 after the tech company forecast fiscal second-quarter revenue that missed analysts’ estimates.

RIM exit

Research In Motion executive Patrick Spence, who ran global sales for the BlackBerry maker, has resigned. Spence is taking a job in a different industry following 14 years at RIM, said a spokeswoman for the Waterloo, Ontario-based company.

HP cuts

Hewlett-Packard said yesterday it would lay off roughly 27,000 employees, or about 8 percent of its work force, to jump-start growth, and its shares rose 11 percent.

Flying high

American Eagle Outfitters’ quarterly profit beat Wall Street estimates, as the retailer drew more repeat customers, had fewer discounts and outperformed rivals.

Home sales

Demand for new US homes rose more than forecast in April. Purchases rose to a 343,000 annual rate, up 3.3 percent from a revised 332,000 in March, the Commerce Dept. said.