*Microsoft set to unveil new Xbox Tuesday. *Xbox key to Microsoft's broader push into consumers' lives. SAN FRANCISCO/ SEATTLE, May 18- Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.
SAN FRANCISCO, May 17- Amazon.com Inc decided not to turn pilot project "Zombieland" into a full TV series, but is going ahead with " Alpha House," as the world's largest online retailer enters the next stage of its foray into original video creation.
NEW YORK, May 16- The big four U.S. broadcast networks, in need of new TV hits to turn around slumping ratings, are betting espionage programs and old comedy stars will convince advertisers to spend about $9 billion during the so-called upfront selling season.
*Internet shares among day's gainers; Google hits new high. But shares of Apple's rival Google shot up to a new record high at $916.38 on news that it has adopted a streaming music business model. Google closed at $915.89, up 3.3 percent.
*Upward momentum persists, Internet shares among day's gainers. *Apple leads Nasdaq lower; hedge fund cuts stake in the company. NEW YORK, May 15- U.S. stocks edged up on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted, but a steep decline in Apple kept gains in check.
Among the stock activity stories for Wednesday, May 15, from AP Business News:. _ Netflix Inc. shares are trading at levels not seen since 2011 when it lost hundreds of thousands of customers after hiking prices for people who wanted continued access to DVDs as well as its streaming service.
*Empire State Index contracts, PPI shows weak inflation pressure. NEW YORK, May 15- U.S. stocks climbed on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted and offset some weak economic data.
*Empire State Index contracts, PPI shows weak inflation pressure. NEW YORK, May 15- The S&P 500 and the Nasdaq rose for a fourth straight day on Wednesday as tech shares gained and offset some weak economic data.
NEW YORK, May 14- The wave of short-covering that drove shares of electric car maker Tesla Motors to huge gains last week appears to have subsided, but there are still plenty of investors willing to bet against the stock.
May 13- Broadcast networks Fox and NBC are turning to proven favorites to lure new viewers next season, with Fox rebooting the defunct Kiefer Sutherland action series "24" and NBC bringing back Michael J. Fox in a comedy loosely based on his life. NBC and Fox need new hits to fill out their lineups, which may explain why both are bringing back stars from the past.
*Yum Brands falls as monthly Chinese sales drop. NEW YORK, May 13- U.S. stocks were little changed on Monday as investors stepped back following last week's new highs, but stronger-than-expected retail sales data limited declined.