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Earlier this year, the codename for the next-gen Xbox was revealed as Durango, according to a developer summit in London. And now, Sony's next-generation PlayStation console (PlayStation 4 or PS4) has apparently been codenamed Orbis.

Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas.

Owners of Apple iPhone 4 received a legal notice on Thursday from iPhone4Settlement.com with information about their eligibility and how to obtain a $15 cash settlement or free bumper case from the Antennagate scandal after the release of the iPhone 4, when users reported reception issues caused by the antenna. But who is eligible for the settlement refund and how does one go about to obtain it?

Futures on major US stock indices point to a lower opening on Thursday ahead of economic data including final estimates for fourth quarter GDP and initial jobless claims.

Apple (Nasdaq: AAPL) CEO Tim Cook’s visit to China isn’t for sightseeing. Rather, the new boss has met Vice Premier Li Keqiang, who may be the next Premier of China, as well as other officials.

France and the U.K are in talks with the U.S. to release oil from the nations' strategic oil reserves in response to rising gas prices, reports said Wednesday.

While the new iPad remains the market leader in the media tablet segment, there is one tablet that definitely steals the spotlight -- Amazon's Kindle Fire. Rumor has it that Amazon wants a larger piece of the tablet market, and it may launch three new tablets in 2012 in an attempt to accomplish its aim.

Industry analysts are expecting 2012 to be a breakout year for LTE technology, as major wireless gadget manufacturers like Apple, Samsung and HTC are planning big launches of 4G LTE smartphones. Here is a list of the top, super-fast smartphones that are going to debut this year and sizzle the market.

The rosy pink hue in your Starbucks Strawberry Frappuccino comes from a 'natural' dye that consists of crushed cochineal bugs, not delicious pieces of blended fruit.

Tim Cook has taken a step that Steve Jobs never did: Visit China. This is the first time an Apple CEO has visited the country in an official capacity, several sources report, including Apple-centric blog AppleInsider.

Samsung is better in keeping secrets, at least better than Apple. So far, Samsung's next flagship smartphone- Galaxy S3 is still a mystery. Though most of the specs have been predicted and seems to be correct, the release date is still a secret.

In a recent announcement, AT&T has surprised windows phone fans and confirmed the official availability of two most-awaited Windows smartphones, the Nokia Lumia 900 and the HTC Titan II. According to Bloomberg, the leading telecommunication services provider in wireless technology would be launching HTC Titan II 4G LTE windows phone along with the Nokia Lumia 900 on April 8 this year.

Opana is the hot new prescription drug of abuse, sometimes with tragic consequences. Back in high school in Houston, Texas, C.J. Coomer got good grades and played football. He was dark-haired and handsome, popular with his friends and doted on by his family.

To match the red cabin crew uniforms, airline Virgin Atlantic is launching its first lip color coined Upper Class Red in collaboration with bareMinerals.

Vietnam’s GDP for the first quarter declined to 4 percent from the last quarter growth of 6.1 percent, according to data released by the government.

Despite Monday's 92-4 vote, Republicans are likely to kill the bill later this week if, as expected, they're not allowed by the Senate's Democratic leadership to propose amendments.

Swiss luxury goods group Richemont on Monday named group veteran Stanislas de Quercize as chief executive of top-of-the-range jewellery and watch maker Cartier, which makes a big chunk of group profit.

The American Petroleum Institute launched a new ad campaign to battle against a U.S. Senate vote to eliminate oil tax breaks.

The American Petroleum Institute, the country's largest oil industry backed trade group, slammed the U.S. Senate as it readies to vote to eliminate tax breaks for oil companies.

Growth is likely to be weak in the near term for New Zealand as the temporary boost from the Rugby World Cup unwinds, according to Capital Economics.

Early on the morning of March 16, Wong Tat joined a line of about 100 people waiting for the launch of the new iPad in a chilly rain outside an Apple store on the outskirts of San Francisco.