An earlier version of this story incorrectly stated that Patel was Jim O'Neill's replacement. O'Neill was in fact chairman of Goldman Sachs Asset Management, while Patel is the head of international.
This story was updated to reflect that Activision Blizzard's upcoming Call of Duty: Ghosts game will feature some content that will be exclusive to the new Xbox but that the entire game will not be exclusive to the new system.
The story was updated to reflect that Target missed earnings forecasts and that it earned 82 cents per share, including the effects from opening Canadian stores but excluding losses related to the early retirement of debt and gains from the sale of its credit card business.
This story was updated to reflect that Sam Merksamer was named as a board member of Transocean but not as chairman.
This story was updated to reflect that corn was trading at about $6.50 a bushel on Wednesday.
Correction: An earlier version of this article incorrectly stated that the sixth Star Wars movie was "The Force Unleashed 2". It was in fact, "Revenge of the Sith".
An earlier version of this article mischaracterized the nature of IRS actions against Willie Nelson and Nicolas Cage. The IRS seized assets from Willie Nelson in a civil proceeding for failure to pay required taxes. Also in a civil proceeding, the IRS filed a lien against Nicolas Cage for failure to pay required taxes. The lien was removed after payment. Neither Nelson nor Cage was criminally prosecuted. CNBC regrets the errors.
An earlier version of this story misspelled Buffett's name as Buffet.
This story has been updated to reflect Twitter's current valuation is an estimated $10 billion.
The statement that H041 was found in places beyond Japan is incorrect, according to the Centers for Disease Control and Prevention. Gonorrhea strains resistant to a certain antibiotic not routinely recommended by CDC as a first-line treatment regimen for gonorrhea were detected in Hawaii, but other treatments ultimately cured those infections in follow-up. To date, there have been no treatment failures reported in the U.S.for gonorrhea treated with currently-recommended first-line regimens.