BUSINESS

Dell (Nasdaq: DELL), the No. 3 PC maker, reported second-quarter results that missed analyst?s estimates. Worse, the company said it expected third-quarter performance to fall below expectations.

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.

Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.

One of the longest-running printed video game magazines in the U.S. in Canada, Nintendo Power magazine will finally close its doors after a 24-year run. Nintendo Power is dead. Long live Nintendo Power.

Gamasutra reports that Electronic-Arts owned PopCap video game studio has issued a round of layoffs and closed down one of its international studios.

Amazon Glacier is a new custom web service from the company that specializes in backing up users? files. The service was rolled out just after Wired reporter Mat Honan essentially dissolved by hackers in early August.

Electronic Arts Inc. (Nasdaq: EA) has removed a controversial promotion from the website for its upcoming military shooter "Medal of Honor: Warfighter" video game to sell branded weapons to the general public.

Nike Inc. (NYSE:NKE) has announced its most expensive sneaker yet, the "LeBron X," a virtual smart shoe that retails for a cool $315 per pair.

Planning to hit the road over the 2012 Labor Day weekend? So are 33 million other Americans.

Argentina, South America's third-largest economy, is "probably" in the midst of a recession and won't register meaningful growth this year amid high inflation and weak industrial output, according to a new report.

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.

International Business Machines Corp. (NYSE: IBM), the no. 2 computer maker that?s also one of the biggest chipmakers, said it plans to acquire private Texas Memory Systems to bolster its offerings in the flash-memory sector crucial for new servers and mobile products.

The northeastern Chinese city of Tianjin announced a four-year plan to invest 1.5 trillion yuan ($236 billion) to stimulate industrial growth, Bloomberg News reported Tuesday. The Communist Party's Tianjin Daily also reported that investments have been announced for 10 industries, including petrochemicals and aerospace.

A lawsuit filed in San Francisco federal court Monday alleges that Marriott International, Hilton Hotels, Sheraton Hotels & Resorts and others conspired to use their market dominance to fix hotel prices with travel websites like Expedia, Travelocity and Booking.com, a subsidiary of Priceline.com.

There's an almost-daft energy over Wall Street at the moment as stocks keep to four-year highs, a trend that hasn't kept analysts from warning that the party is about to be over.

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.

Fisker Automotive Inc. is in a bad place right now, running out of money, recalling its hybrid-electric Karma luxury cars because they burst into flames and shuffling around executives faster than a losing team substitutes pitchers; it's hard to find a bright patch for the company that isn't on fire.

Since Google announced its Android 4.1 Jelly Bean upgrade, endless leaks have surfaced throughout the Internet. However, the most recent alleged leak to appear allows users to install the Jelly Bean software on Samsung?s Galaxy S3, the company?s flagship smartphone of 2012.

?Nothing short of the prime minister?s resignation will satisfy us,? said senior BJP official Yashwant Sinha.

The daily deals website Groupon Inc. (Nasdaq: GRPN) suffered another blow Tuesday as Barclays Capital (London: BARC) downgraded the company, citing a move towards lower margin sales.

Microsoft?s Windows 8 is set for a release date this October, and as the summer comes to a close more information about the next-generation operating system has begun to leak. The newest bit of information concerns the higher-end version of the software, known as Windows 8 Pro.

Siemens AG (NYSE: SI), Europe?s largest engineering company, is in early internal talks to slash thousands of jobs after posting quarterly results that came in sharply below analysts? estimates, a German newspaper reported Tuesday.

Best Buy Co. (NYSE: BBY) is not having a good week.

The Instacube, which launched on Kickstarter Tuesday morning, is the solution for Instagram users that want enjoy their photos in more casual way. Now, anyone can passively view their Instagram feeds in their living rooms, on their work desks, or on their nightstands. They're party centerpieces, and a great way to immediately display photos being taken at that very party. It's the only way to share photos with a crowd of people; its viewfinder is far superior to that of an iPhone.

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.

Glencore International PLC (LON: GLEN), a commodity trading company based in Baar, Switzerland, has said it is prepared to bow out of talks to buy Xstrata PLC (LON: XTA) rather than give in to a demand for more money from a major shareholder of the giant mining company.

News of the Paypal co-founder's exit comes a day after several of Groupon Inc's [NASDAQ: GRPN] largest early investors sold their stock in the troubled online voucher site.

Infosys Technologies, India's IT services major got a major reprieve on Monday, as an Alabama judge dismissed a whistleblower harassment case against it, but second similar case and criminal probe on Visa fraud against the company remains.

Urban Outfitters, China Unicom, Nokia Corp, Deutsche Bank, Unilever, Frontline, Groupon and Cummins Inc. are among the companies whose shares are moving in the pre-market trading Tuesday.