NEW YORK

Market watchers are writing the obituary for struggling big box electronics retailer Best Buy Co. (NYSE:BBY), whose share price plunged to a nearly four-year low on Tuesday, even as stakeholders waited to see if the new CEO can live up to his reputation.

According to Kotaku, Nintendo will be holding a press conference on September 13, 2012 in New York. Kotaku reports that in a press invitation sent to various outlets, Nintendo of America president Reggie Fils-Aime will be on-hand to discuss "more about how the Wii U will change the future of gaming and entertainment."

ABC has announced that it is matching "Jimmy Kimmel Live" up against NBC's Jay Leno and CBS's David Letterman. Kimmel will jump to the big stage, moving to 11:35 p.m. where he will be smack in the middle of the late-night lineup.

The floundering cable network has been in desperate need of a game changer to shake things up, and Zakaria's post-scandal return will offer a welcome change from the din of news pundits harping on the gaffe-of-the-week from the presidential campaign trail.

Unconfirmed rumors swirled on Tuesday that Mel Gibson has a new girlfriend, aspiring musician Nadia Lanfranconi. According to The New York Post, Gibson and Lanfranconi are dating, despite the actor denying the rumors about their romantic relationship, after being seen together over the weekend.

Democratic leaders say Minnesota Rep. Kerry Gauthier should not seek re-election after the lawmaker admitted to having sex with a 17-year-old boy.

Minnesota State Rep. Kerry Gauthier of Duluth is being bombarded with calls to resign and end his re-election campaign after reports emerged that he had oral sex with a 17-year-old boy at a rest stop last month.

Tim Tebow will likely start at quarterback, ahead of Mark Sanchez, at some point in 2012. According to Las Vegas sportsbooks, there?s a 71 percent chance Tebow will start at least one game for the New York Jets.

NBC has won a bidding war for a new single-camera series starring Michael J. Fox. The series is based on Fox's own life.

In case you needed any more confirmation that Apple's next iPhone is coming in September, German carrier Mobilcom Debitel has added fuel to the iPhone 5 fire. The company is now featuring a page on their site with a red veil covering what appears to be an iPhone, hinting at its September release date.

Though the two divas worked together on Mariah Carey's single, "Up Out My Face," apparently Carey no longer wants to work with rapper Nicki Minaj, namely as a judge on "American Idol."

Part of what made ?The Avengers? so much fun was the chemistry between the cast. So often, that important spark goes unnoticed between performers, but anyone who pays close attention to film knows that chemistry is just as important as story, direction, or nowadays, special effects.

Gaga dresses in black leather bondage gear that would make Christian Grey blush, before dancing in a white wedding dress with Vampire Diaries star and boyfriend Kinney for her latest music video

Here are the NFL over/under win totals for the 2012 season. The Patriots and Packers are projected to lead the league in wins.

Diana Nyad, a long-distance swimmer noted for her world-record endurance championships, has cut short her latest attempt to swim across the Straits of Florida. Nyad was pulled out of the water Tuesday morning after severe jellyfish stings and a lightning storm put her off course, her team said.

The Apple stock (AAPL) has emerged a market favorite ahead of the September 12 event, cited to be the probable launch date for next-generation iPhone, iPhone 5 and iPad Mini. Witnessing a huge rally for the last few days, the stock closed August 20 at an all-time high of $665.15 resulting in a market capitalization value of $665.15 billion.

David Sacks took to Facebook over the weekend to air his grievances about the state of the revered San Franciso Bay Area long assumed to be the centerpiece for innovation within the tech industry, giving a gloomy prediction of the tech industry's future shortly after selling his own company to Microsoft.

Seven Israeli teenagers were in the custody of Jerusalem police Monday in connection with the recent assault on Palestinian youths at West Jerusalem's Zion square which the Israeli authorities described as "lynching."

Like most of you, we were surprised to learn that rapper Nicki Minaj will be joining Mariah Carey as a judge on American Idol next season. With curt credentials like being Lil Wayne's protégé, we're not so sure the colorful lyricist has what it takes to be judge material.

Asian shares edged up Tuesday as investors held on to hopes the European Central Bank will act to soothe borrowing costs, even as officials denied a report about the shape of its planned bond buying strategy.

According to the New York Observer, three more writers have been cut from the Village Voice's already-skeletal staff, while one full-time editor was reduced to part-time status.