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Microsoft Reveals New Xbox Console

Microsoft Corp. (MSFT) on Tuesday unveiled a reinvented Xbox videogame console, demonstrating the software giant's most aggressive play yet for control of consumers' living rooms.The Redmond, Wash., software giant showed off its new device, dubbed Xbox One, at an invitation-only event at its headquarters Tuesday. The console integrates speech-recognition, technology and new gesture-based commands to control games as well as TV programming, recorded video and Skype chats.The device represents Microsoft's answer to "a living room that has become too complex, too fragmented and too slow" with features that integrate users control of all their electronics, said Don Mattrick, president of the Microsoft's interactive entertainment business.Microsoft's new device comes as consumer behavior has dramatically remade growth prospects for traditional game companies. Since the last Xbox was launched in 2005, mobile devices such as Apple Inc.'s (AAPL) iPhone have become go-to machines for a new swat...

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  1. Apple Logs 50B App Downloads

    Apple (NASDAQ:AAPL) announced that it surpassed more than 50 billion apps downloaded on its App Store on Thursday, however the number of apps offered is only half th...

  2. USA Network Bucks Twitter Trend, Revamps Own Platform

    Comcast Corp.'s (NASDAQ:CMCSA) USA Network will launch next month a revamped version of its own social media technology, resisting an industry trend toward expanded ...

  3. Google says 900 million Android mobile devices activated

    Some 900 million smartphones and tablets running Google Inc's Android software have been activated since the platform's inception in 2010, executives said at the com...

  4. Nvidia Strikes Deal with Goldman to Buy Back $750 Million of its Shares

    Nvidia Corp. (NVDA) said it struck an accelerated share repurchase agreement with Goldman Sachs Group Inc. (GS) under which the chipmaker will buy back $750 million ...

  5. How to Avoid Inbox Overload

    Technology is supposed to make you more efficient, but when it comes to email, it can feel like your drowning in a pool of messages, especially for employees.A study...

  6. Disney's ABC to Launch Live Streaming

    Walt Disney's (NYSE:DIS) ABC is set to become the first broadcast network to provide live online streaming of its shows.Disney said live streaming, both online and o...

  7. Alibaba to Invest $294 Million in AutoNavi, Gets 28% Stake

    Alibaba Group Holding Ltd. is spending again to gain the upper hand as it competes to sell to China's rapidly growing number of smartphone users.In its second deal i...

  8. Nvidia 1st-Quarter Profit Rises 29%

    Nvidia Corp.'s (NVDA) fiscal first-quarter earnings rose 29% as the chip maker posted stronger revenue and margins.For the current quarter, the company forecast reve...

  9. Facebook in talks to buy Israel's Waze for up to $1 billion: report

    Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on T...

  10. Microsoft Eyeing Barnes & Noble's Digital Nook Assets?

    In yet another effort to try to tap a tech-savvy generation, Microsoft (NASDAQ:MSFT) is reportedly mulling buying the digital assets of Nook Media from Barnes & Nobl...

  11. Compal Electronics 1Q Net Profit Down 29%, Operating Margin Sinks

    Compal Electronics Inc. (2324.TW), the world's second-largest contract manufacturer of notebook computers by shipments, said Thursday its first-quarter earnings drop...

  12. Can I get More Rewards by Using my Hotel's App?

    Dear Cashing In,I've had a Marriott Rewards Visa for about a year, but just discovered the hotel's app and earned some extra points by booking a trip on my Android. ...

  1. Yahoo Makes $1.1B Bet on Tumblr

    Yahoo (NASDAQ:YHOO) inked a deal to buy social blogging site Tumblr for $1.1 billion on Monday in what marks one of the largest social media deals in history, even s...

  2. The drone revolution is just beginning

    By Jonathan WeeAn unmanned aerial vehicle (UAV) is an aircraft system without an on board human pilot. They are remotely or autonomously operated transportation plat...

  3. New Xbox more than a game console for Microsoft

    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 l...

  4. DirecTV Said to Be Mulling Hulu Bid

    DirecTV (NASDAQ:DTV) is eyeing a possible bid to acquire online video site Hulu, according to a Wall Street Journal report.The No. 2 U.S. pay-TV operator was among t...

  5. Applied Materials Swings to 2nd-Quarter Loss

    Applied Materials Inc. (AMAT) swung to a fiscal second-quarter loss as continuing troubles in the solar-panel industry weakened its sales, though orders for most oth...

  6. Microsoft's Cloud Businesses Lift Shares To 5-Year High

    Microsoft Corp. (MSFT) shares hit a new five-year high Thursday, as growth in the company's online software business helped the stock break out of its mostly decade-...

  7. Intel's New CEO Vows Rapid Growth in Mobile Market

    Intel Corp.'s (INTC) new chief executive vowed Thursday to rapidly grow the company's presence in the tablet and smartphone markets at a shareholder meeting that for...

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