JAPAN

The Sony PlayStation Network (PSN) outage has angered and frustrated Sony fans into rushing to retail stores and trading in their PlayStation3 (PS3) consoles for rival Microsoft Xbox 360 systems. Reports from retail stores indicated that more customers have been trading in their entire PlayStation3 set including both console and games for the Xbox 360, mostly for Call of Duty online gamers.

To the producers of the film Too Big To Fail, the story plays like a horror movie.

Sony Japan told customers today that it is moving closer to restoring services to its beleaguered Playstation Network which has been suffering from an outage for nearly a month.

Japanese telecom company NTT DoCoMo Inc and U.S. social networking service provider Twitter Inc will jointly develop a location-based alerting service for smartphone users based on tweets, the Nikkei business daily said.

Legendary investor Jeremy Grantham of GMO LLC, partly in jest, suggested that investors should consider selling their stocks around July 2011.

Zynga teams up with Lady Gaga for a new neighborhood in Farmville

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

U.S. claims for unemployment aid fell sharply last week but slightly less than analysts expected after a surprisingly big rise the prior week, a government report showed on Thursday.

One of the reactors at the crippled Fukushima Daiichi power plant suffered a nuclear meltdown, Japanese officials admitted for the first time today.

‘Charlie bashing’ has been a popular global sport for quite some time now. His rehab stints, porn-star girlfriends, and sensational quotes have helped sell millions of copies of tabloids and sent TV-channel viewership soaring across the world. Maybe he is not so bad after all.

German insurer Allianz's net profit fell 45 percent in the first quarter, hit by damage claims from the earthquake in Japan and other natural disasters.

Sony's official PlayStaion website became inaccessible in Japan on Wednesday while the site was partially inaccessible in select regions in the U.S., triggering panic that another hacker attack had crippled the gaming giant again.

Nissan Motor Co reported a 7.2 percent rise in quarterly operating profit on Thursday and said global production disrupted by Japan's March 11 earthquake will return to normal at least a month earlier than predicted by bigger home rival, Toyota Motor Corp.

The damaged Fukushima power plant reported fresh problems of water leak from a reactor vessel and spilling of contaminated water into the Pacific Ocean on Thursday.

Nissan Motor Co <7201.T> posted a 7.2 percent rise in quarterly operating profit but offered no guidance for the new financial year on Thursday, citing uncertainties over the pace of recovery after the March 11 earthquake disrupted the industry's supply chain.

Astronomers were shocked when the dusty remains of an exploded star, the Crab Nebula, unleashed a surprisingly blast of gamma rays, the highest-energy light in the Universe.

Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.29 percent, Dow Jones futures down 0.27 percent and Nasdaq 100 futures down 0.56 percent at 0735 GMT.

Nissan Motor Co posted a 7.2 percent rise in quarterly operating profit on Thursday and said global production disrupted by Japan's March 11 earthquake will return to normal a least a month earlier than predicted by bigger home rival, Toyota Motor Corp.

Japan is expected to unveil a scheme on Thursday that includes a $62 billion fund injection to help Tokyo Electric Power <9501.T> compensate victims of the crisis at its tsunami-crippled nuclear plant and save Asia's largest utility from financial ruin.

Asia's reserve-rich nations see no viable option but to keep on purchasing U.S. government debt despite their uneasiness about Washington's fraught political battle over public spending.