Wall Street Journal

Microsoft unveiled a reinvented Xbox game console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms.

Shares carried on in their winning ways Tuesday, as investors cheered signals the Federal Reserve remains far from winding down its bond purchases and a bullish stock-market outlook from Goldman Sachs.

Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.

New U.S. Energy Secretary Ernest Moniz raised the possibility of delaying further approvals for companies to export natural gas, saying he wants to review whether government studies of the issue are adequate.

Big phone companies have started to sell the data they gather about subscribers' locations, travels and Web-browsing habits, providing a powerful tool for marketers but raising new privacy concerns.

Renault and Nissan are expanding the capacity at their joint-venture factory in India by a third as part of their strategy to utilize the country as a global manufacturing hub and to tap potential growth in local demand.

An investigation into the CFTC's response to MF Global's collapse raises questions about how prepared regulators were for the firm's implosion and cast Chairman Gary Gensler in a negative light.

Two more executives of a Japanese auto parts maker have agreed to plead guilty to fixing prices on new-car parts and will spend more than a year in a U.S. prison.

Rajat Gupta asked a federal appeals court to set aside his insider-trading conviction because he said wiretaps were improperly allowed as evidence.

The head of SkyWest said he still saw a future for the smaller 50-seat jets being dropped by some carriers as the largest U.S. regional airline on unveiled another huge order for bigger aircraft that doubled its new-plane commitments to as many as 400.

Sprint boosted its offer for Clearwire by 14%, succumbing to shareholder pressure with the hope of winning over vigorous opposition to the deal.

Home Depot raised its full-year outlook and said net profit jumped 18%, helped by the recovering housing market and sales related to reconstruction in the wake of superstorm Sandy.

Burberry showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday. Sales in China for the year finished 20% higher.

Philip Morris International has agreed to buy the 20% that it doesn't already own in its Mexican tobacco business for about $700 million. The stake is currently held by Grupo Carso SAB, a conglomerate founded by Carlos Slim.

NetApp launched a dividend and promised to raise payouts to shareholders through stock buybacks, calming investors as a weak information-technology market threatens its earnings.

Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile operator's full-year profit.

A lawsuit brought by auto dealers has put a chill on the potential sale of R.L. Polk & Co., owner of the used-car shopping tool Carfax, according to people familiar with the matter.

Gold's slump has saddled the second-largest U.S. college endowment with more than $300 million in paper losses.

William Dudley, president of the Federal Reserve Bank of New York, said the economy's performance in the coming months would be critical as the central bank assesses when to begin slowing down its $85 billion-per-month bond-buying program.

MetLife is merging an offshore reinsurance unit with three of the parent company's U.S. subsidiaries, a move that was lauded by state regulators who have criticized life insurers for using 'captive' companies.