IBT Staff Reporter

Microsoft Corp on Monday offered a glimpse into a future where the Xbox 360 console is the centerpiece of any living room, and games, social interaction and communications are controlled with the wave of a hand.

Oil fell below $68 a barrel on Tuesday as prices slipped from a sharp rally to a seven-month high in the previous day.

Videogame enthusiasts can expect new home fitness titles and a wave of updated sequels to big hits in the next year, two of the world's biggest game publishers said at the annual E3 show in Las Vegas.

U.S. stock index futures pointed to a mostly lower open on Tuesday, on profit taking, as the market gives back some of the previous session's strong gains.

A flat-screen joint venture between Samsung Electronics Co Ltd and Sony Corp said on Tuesday it began volume production at a new manufacturing facility that took $1.5 billion to build.

Applied Materials Inc's chief executive said on Tuesday there will be more failures in the semiconductor equipment sector in future as the number of customers declines.

World stocks edged lower on Tuesday after a buoyant session the day earlier and the dollar climbed off its lows against major currencies.

Citigroup Inc told about five former top executives that they will not be paid tens of millions of dollars in promised severance payouts, the Wall Street Journal said, citing people familiar with the matter.

Oil fell nearly $1 to below $68 a barrel on Tuesday as investors took profit from a jump of more than 3 percent a day earlier, but analysts said sentiment remained bullish amid growing signs of economic recovery.

Intel Corp on Monday launched a lighter, power-saving microprocessor intended for use in ultra-thin laptops, a move by the top chip maker to shore up its lead in mobile computing.

Improving global manufacturing data lifted Asian shares on Tuesday near levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors pondered how much longer a heady three-month rally will last.

If you've ever worked in an office or own a computer, chances are you've heard of Tetris. Born in 1984 and a near-immediate worldwide sensation, the classic puzzle game is set for a modern renaissance of sorts.

Improving global manufacturing data lifted Asian shares on Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.

General Motors and Citigroup were kicked out of the closely watched Dow Jones industrial average on Monday, marking a historic fall from grace for two once venerable American corporations.

Paul McCartney and Ringo Starr, the two surviving members of The Beatles, appeared together in Los Angeles on Monday to present a Rock Band videogame that will give fans a chance to relive the Fab Four's musical triumphs.

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

Improving global manufacturing data lifted Asian shares on Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.

Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.

Target Corp, the No. 2 U.S. discount retailer, plans to announce a partnership with Comcast Corp's free daily e-mail newsletter and website DailyCandy.com on Tuesday, the Wall Street Journal reported.

SanDisk Corp, readying a major foray into the booming market for netbooks or mini-laptop computers, launched memory chip products targeted at users of the light, portable PCs.

Rock Band, the karaoke-style game that lets users live out their band dreams, has a new video game coming out and unveiled it at the E3 Video game conference in Los Angeles.

Oil fell on Tuesday but held above $68 a barrel as investors took profit from a jump of more than 3 percent a day earlier, spurred by hopes of economic recovery on the back of improving factory activity.

The battle between Intel Corp and Advanced Micro Devices Inc for server market share heated up on Monday with AMD's release of a six-core Opteron server processor codenamed Istanbul.

Microsoft Corp on Monday offered a glimpse into a future where the Xbox 360 console is the centerpiece of any living room, and games, social interaction and communications are controlled with the wave of a hand.

General Motors filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.

General Motors Corp filed for bankruptcy on Monday, as the Obama administration took the first steps in court to try to revive a failed icon of American industry by extended unprecedented funding and oversight.

British finance minister Alistair Darling apologized on Monday and agreed to repay 350 pounds ($574) after he became the latest minister to be dragged into a scandal over expenses claimed by members of parliament.

Berkshire Hathaway Inc, the investment firm led by billionaire investor Warren Buffett divested its remaining stake in utility firm Constellation Energy Group Inc. after refusing to enter a bidding war for the firm.

Exxon Mobil Corp, the world’s largest traded oil and natural gas company, is keeping fossil fuels as part of its primary strategy for the near term despite a growing U.S. government push for alternative energy sources with less impact on climate change, the company’s chief executive said recently.