Sony is cutting the price of its basic PlayStation 3 gaming console by nearly a fifth in the U.S., hoping to jump-start sales of a device losing ground to Microsoft Corp's Xbox.
Discussing the electronic giant's plan to slash the price of its PS3 gaming console, with Jack Tretton, Sony's Computer Entertainment of America president/CEO, and CNBC's Jon Fortt.
While all eyes have been on recent swings across the global markets, the looming threat of cyber attacks has increased. The latest target is the social-networking giant, Facebook.
London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.
Central London's police cells are full to the brim as more than 200 people were arrested on a third night of disorder in the U.K.'s capital. Some 16,000 police officers will hit the city's streets Tuesday night, as the government tries to stem the rising tide of violence.
Bids for EMI suggest that the British music company could fetch more than $4 billion, allowing Citigroup to recoup about three-quarters of the money it lent to Guy Hands’ ill-fated private equity buy-out in 2007.
One of the most prominent advertising spaces in Times Square is soon to be occupied by a Chinese brand. Xinhua, the news agency operated by the Chinese government, is leasing a giant sign, known as a spectacular, on 2 Times Square, the building that is the northern anchor of the district. The NYT reports.
The U.S. Federal Bureau of Investigation raided six locations in New York and conducted searches in California on Tuesday, as part of an investigation of the Internet vigilante hacking group Anonymous, agency officials said.
Over the next 12 months, as much as 10 percent of U.S. households could cancel their cable or satellite TV, based on the popularity of Netflix and other streaming services, according to the latest surveys from the Consumer Electronics Association and Credit Suisse. If a rumored Apple-made HDTV is released, pay-TV subscription losses could be even greater, investors said.
A massive new effort to crack down on intellectual property theft spans industries and every point of the content creation and distribution chain. It's called "Copyright Alert System" and it aims to stop people pirating from pirating content online, by very simply preventing them from surfing the web.
As the videogame industry celebrates Monday's U.S. Supreme Court ruling, which formally recognized videogames as entitled to First Amendment protection, many are assuming the political fight that has loomed over the industry for years is finally over.
Netflix just can't stay out of the spotlight-such is the plight of a company whose stock is up 106 percent in the past 12 months and whose technology could pose a major threat to satellite and cable TV operators, not to mention TV networks.
One bright spot at Microsoft is the company's gaming and home entertainment division. It is relying on Xbox 360 and Kinect to create new buzz and consumer demand for a firm that has struggled in recent years.
A British teenager has been arrested by officers investigating the LulzSec and Anonymous hacker groups, believed to be responsible for attacks on Sony, the U.S. Senate, the CIA, Britain's Serious Organised Crime Agency and News Corp.
You can say all kinds of nice things about Google’s Chromebook laptop concept. You can say it’s ahead of its time. Or that it’s thinking way, way outside the box. Or that, as failures go, at least this one swung for the fences the New York Times reports.
Ever since Bruce Jenner appeared on a Wheaties box, companies have used top athletes to boost sales. Check out our list of top athletes with lucrative endorsement deals.
After a surprisingly strong April, the video game industry crashed and burned in May.
Mark your calendars. June 25th is Global Smurfs Day. I know, I know! Thank goodness someone told me. To celebrate the birthday of Peyo, who created the Smurfs, Sony hopes to set a world record for the most people dressed up in Smurf outfits at the same time.
After spending a week looking into the future, the video game industry must once more face the reality of the present.
Citigroup’s revelation that hackers stole personal information from more than 200,000 credit card holders makes it one of the largest direct attacks on a major bank, the New York Times reports.