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Alan Bowman, Regional VP for Interactive Entertainment Business at Microsoft Asia Pacific, explains why the company thinks its new game console product can take a bigger space in consumers' living rooms.
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Alan Bowman, Regional VP for Interactive Entertainment Business at Microsoft Asia Pacific, explains why the company thinks its new game console product can take a bigger space in consumers' living rooms.
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Stocks closed higher but off their best levels after two Fed officials dampened speculation the central bank was ready to consider "tapering" its bond-buying.
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REDMOND, Wash., May 21- Microsoft Corp gave the world a first look at its new Xbox One on Tuesday, announcing that its first gaming console in eight years will come with exclusive video and software content, including a "Halo" series produced by Steven Spielberg.
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Microsoft debuted its long-anticipated next generation Xbox, called the "Xbox One," a device that allows users to switch more easily between entertainment options.
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.160x105.jpg?v=1368731367 "Spinoff Proposal Talk Sends Sony Shares Higher")
Shares of Sony moved higher Tuesday on heavy volume as reports circulated that it is considering a spinoff proposal from billionaire investor Dan Loeb.
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Americans are not fans of their cable TV service or their cell phone service. But they really hate their Internet service provider.
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Microsoft announced its latest gaming system called Xbox One, reports CNBC's Julia Boorstin; and Don Mattrick, Microsoft Interactive Entertainment Business, discusses the development and marketing of the product.
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REDMOND, Wash., May 21- Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment.
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Microsoft announced its latest gaming system called Xbox One, reports CNBC's Julia Boorstin.
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REDMOND, Wash., May 21- Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment.
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Cisco Systems Inc. fell. 6 percent to $23.80 with 23,250,500 shares traded. Clearwire Corp. rose 4.9 percent to $3.42 with 29,710,900 shares traded. DryShips Inc. rose 4.1 percent to $2.26 with 11,472,400 shares traded.
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*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. CORK/ DUBLIN, May 21- Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.
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Ireland said on Tuesday it was not to blame for Apple's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits.
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U.S. futures signaled a flat-to-lower Wall Street open on Tuesday, as markets in Europe and Asia remained cautious ahead of Federal Reserve chief Ben Bernanke's testimony to the Senate.
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*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. DUBLIN, May 21- Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries.
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Alex Simmons, UK editor in chief at IGN, tells CNBC that the new Xbox will be an improved version of the 360 but needs to become more like an entertainment hub than a traditional Xbox.
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This is Sony's latest attempt to keep the buzz going on its Playstation 4 ahead of Microsoft's XBox launch.
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Earnings from several retailers are a highlight Tuesday, but, for traders, the Fed will remain the focus all week.
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WASHINGTON/ SAN FRANCISCO, May 20- Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.
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SYDNEY, May 21- Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centres in the country. Such cloud computing, pioneered by Amazon.com Inc, is a fast-growing business for Microsoft and has attracted other big tech names including Google Inc..