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Futures on major U.S. stock indices point to a slightly lower opening Tuesday ahead of existing home sales data that are expected to show a rise in April sales.

Nintendo?s Wii U console is set for a release date this holiday season, and fans are gearing up for the next generation gaming system?s launch. The latest tidbit to surface indicates that the Nintendo Wii U?s controllers will contain analog sticks, according to photos that leaked in a NeoGaf forum.

Nasdaq OMX Group Inc. (Nasdaq: NDAQ) will change its initial public offering trading procedures as a result of glitches and delays which occurred during Friday's Facebook (Nasdaq: FB) IPO, mistakes for which the exchange operator hopes to pay $13 million to burned investors, sources reported Monday.

Facebook's stock tumbled down past its offering price in morning trading on Monday, May 21, and stayed below that level, following a less than stellar debut. Wall Street insiders are attacking the much-hyped social network stock saying that they essentially scared away investors.

Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.

Shareholders of Facebook (Nasdaq: FB), the No. 1 social network, are set to get the shares Tuesday, following Friday?s tumultuous first sales after the $16 billion initial public offering.

Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's, Pandora, and Tiffany.

Investors who want Facebook shares when the social network goes public may have lost the opportunity. Some brokers have stopped accepting orders.

J.C. Penney Co Inc shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales and by scrapping its dividend.

According to sources from within Apple's foreign supply chains in Hong Kong, Apple has ordered bigger screens for its next iPhone, presumably called the iPhone 5, even though no exact measurement was provided. Production on the iPhone 5 is said to begin next month, while the release date has been scheduled for sometime in the fall, likely around October.

?Halo 4? is slated for a release date of Nov. 6th, and multiplayer information is beginning to emerge. Known collectively as ?Infinity Multiplayer,? the game will introduce a brand new mode called ?Spartan Ops.? This will act as an episode-based continuation the ?Halo 4? campaign mode, and tells the story of the UNSC Infinity.

A new blend of ethanol in gasoline could likely cause billions in damages to millions of engines across the country said a final report released by the Coordinating Research Council on Wednesday.

Lucky customers, who have pre-ordered their Galaxy S3 from certain Samsung stores in the U.K, will get their hands on the device the eve before the official May 30 release date.

The consumers in the United States, anticipating the release of the HTC One X and Evo 4G LTE smartphones, will have to spend some more time waiting for the devices as they have reportedly been delayed at the U.S. customs due to an import ban order by the International Trade Commission (ITC) over potentially infringing an Apple patent.

Apple (Nasdaq: AAPL), the world's most valuable technology company, sold more than 35 million iPhones in its most recent quarter, through its retail network and mobile carriers.

The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.

U.S. business inventories rose in March at a slower pace than economists predicted, even as sales rallied, a datapoint that shows firms have not been as confident as economists and equity investors that the current economic recovery will proceed at a firm pace.

U.S. retail sales growth slowed last month as warm weather earlier this year pulled shopping that normally occcurs in April into February and March, the Commerce Department said Tuesday.

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with the futures for the S&P 500 and the Dow Jones up 0.6 percent and Nasdaq 100 futures up 0.8 percent at 0733 GMT.

GameStop, in an effort to push digital sales, will be $20 and $50 vouchers to be used on Steam, the video game distribution platform for Mac and PC games, at all of its U.S. retail locations.

Little by little, we are slowly putting the pieces of the iPhone 5 puzzle together. On Saturday, Hong Kong-based components supplier SW-Box claimed to have come into possession of a group of new components, including a headphone jack, ear speaker, and a Wi-Fi cable part, which are all allegedly being built for Apple's sixth-generation iPhone. What else does Apple have in store for the iPhone 5?