Microsoft has set Sept. 29 as the new launch date for its Xbox One game console in China, the U.S. software giant said on Tuesday.» Read More
TOKYO— Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
The music business has shifted toward downloads and streaming globally. But in Japan, the compact disc is still king. The New York Times reports.
NEW YORK— The stock market got the reassurance it wanted from the Federal Reserve Wednesday. "The Fed is not going to take the punch bowl away," said Brad McMillan, chief investment officer for Commonwealth Financial. Major indexes drifted before the Fed released a statement at 2 p.m. Eastern time signaling little change in its interest rate policy.
Asian equity markets ended mostly lower on Tuesday as investors awaited the start of a U.S. Federal Reserve meeting later in the day.
NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.
"No Good Deed" collected $24.5 million in domestic ticket sales from Friday through Sunday, according to estimates from tracking firm Rentrak. "Guardians" became the first film of 2014 to bring in more than $300 million at North American theaters, distributor Walt Disney Co said.
The Sony thriller "No Good Deed," which stars Elba as an escaped convict and Taraji P. Henson as the innocent he terrorizes, opened on top of the box office with $24.5 million, according to studio estimates Sunday. "It's a movie that we really loved and felt that it was going to win," said Sony distribution chief Rory Bruer.
With a Fed meeting and the Alibaba IPO due next week, Cramer said investors are looking at a rough ride.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Asian equity markets were mixed on the final trading day of the week as investors avoided making aggressive bets before a key set of Chinese data over the weekend.
*Nikon, Sumco, automakers lead gains. TOKYO, Sept 12- Japanese share prices rose for the fifth straight session to an eight-month high on Friday, with exporters leading the gains on the yen's weakness.
NEW YORK, Sept 11- Verizon Communications Inc plans to launch an Internet-based television service in the first half of next year, its chief executive said on Thursday, in a move intended to shake up traditional cable and satellite TV services. In January, Verizon bought an Intel Corp venture to create a web-based TV service.
Asian indices traded mixed on Thursday, overlooking a positive handover from Wall Street.
TOKYO, Sept 11- Japan's Nikkei share average rose to an eight-month high on Thursday as the weak yen lifted sentiment and a meeting between the central bank governor and prime minister boosted expectations of additional easing in the long-term.
TOKYO, Sept 11- Japan's Nikkei share average rose to a near eight-month high on Thursday morning as the weak yen lifted sentiment ahead of a meeting later in the day between the central bank governor and prime minister fuelled expectations for additional easing.
NEW YORK/ LOS ANGELES, Sept 10- Time Warner Inc and CBS Corp signaled on Wednesday that they were increasingly open to one day making HBO and Showtime available directly to consumers over the Internet without a subscription to a cable television service.
Regional airlines not sharing in majors' success. DALLAS— For passengers traveling between smaller cities and large hub airports, the ticket may say Delta, American or United, but they're likely flying on a regional airline whose planes are painted in the major carrier's colors.
Smartwatches have been around for a few years, but makers such as Samsung and Sony have failed to make them a runaway hit. Citi Investment Research estimates the market for smartwatches will be $1.4 billion to $1.8 billion this year and could grow to $10 billion by 2018..
Analysts believe Apple's new payment system could finally drive mass adoption of paying with phones.
The video game's sales, which equate to roughly 9 million copies sold, were even higher than most analysts had forecast.