Goldman: PlayStation 4 could send Sony into a ‘downward spiral’

Count Goldman Sachs analyst Takashi Watanabe as being pessimistic on the PlayStation 4′s chances for success. Per Business Insider, Watanabe has penned a new research note that casts doubt not only on Sony’s (SNE) new console specifically, but on the gaming console business as a whole. Specifically, Watanabe thinks that smartphones and tablets are poised to erode consoles’ installed...

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Baby Girl on the Way for Big Brother's Britney Haynes

Mom & Babies Celebrity Baby Blog 02/20/2013 at 08:45 PM ET Britney Haynes is expecting a little houseguest of her own!“Halfway there and it’s definitely a GIRL!! She arrives in July; couldn’t be happier,” the Big Brother star Tweeted Wednesday.Along with her tweet, Haynes, 25, posted a photo of herself...

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Agency checks water after body found in hotel tank

LOS ANGELES (AP) — British tourist Michael Baugh and his wife said water had only dribbled out of the taps at the downtown Cecil Hotel for days.On Tuesday, after showering, brushing their teeth and drinking some of the tap water, they headed down to the lobby and found out why.The body of a Canadian woman had been discovered at the bottom of one of four cisterns on the roof of the historic hotel near...

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Wall Street ends down sharply after Fed minutes

DEAR ABBY: My boyfriend, "Doug" (24), and I (22) have been in a long-distance relationship for a year, but we were friends for a couple of years before that. I had never had a serious relationship before and lacked experience. Doug has not only been in two other long-term relationships, but has had sex with more than 15 women. One of them is an amateur porn actress.I knew about this, but it didn't...

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Iceland Weighs Exporting the Power Bubbling From Below

Ilvy Njiokiktjien for The New York TimesThe Krafla plant is Iceland’s largest geothermal power station, a showcase of renewable energy. KRAFLA, Iceland — Soon after work began here on a power plant to harness some of the vast reserves of energy stored at the earth’s crust, the ground moved and, along a six-mile-long fissure, began belching red-hot lava. The eruptions continued for nine years, prompting...

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Sony unveils new PlayStation 4 console

NEW YORK (Reuters) – Sony Corp took the wraps off its next-generation video game console called “PlayStation 4” on Wednesday that will allow users to stream and play video games hosted on servers.The company revealed the new console, which will succeed the seven-year-old PlayStation 3, in New York.The controller dubbed “DualShock 4″ will have a touch pad, Mark Cerny, lead system architect on PlayStation...

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What's Next for Mindy McCready's Two Young Boys?

By Steve Helling 02/19/2013 at 07:00 PM EST Mindy McCready's apparent suicide on Sunday has left her two young sons in custodial limbo.The boys – Zander, 6, and Zayne, 10 months – had been in state custody since Feb. 7, when McCready called police to ask for help in making her father and stepmother leave her...

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Drug overdose deaths up for 11th consecutive year

CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines."The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed...

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M&A deals lift Wall Street shares nearer a record high

NEW YORK (Reuters) - U.S. stocks rose on Tuesday as this year's ongoing surge in merger activity suggested investors were still finding value in the market even as indexes closed in on all-time highs. Office Depot Inc surged 9.4 percent to $5.02 after a person familiar with the matter said the No. 2 U.S. office supply retailer was in advanced talks to merge with smaller rival OfficeMax...

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German Officials Hint Berlusconi Isn’t Their Man

Vincenzo Pinto/Agence France-Presse — Getty ImagesThere is deep concern in Berlin that any government involving Silvio Berlusconi, above, could reverse economic changes. BERLIN — Asked in September if she feared a comeback by former Prime Minister Silvio Berlusconi of Italy, Chancellor Angela Merkel of Germany appeared at pains to hold back a smile as the room erupted in laughter. “I am, as you know,...

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