BUSINESS

Over the last few days, internet is abuzz with rumours about the most-anticipated release of the two upcoming heavyweight game consoles - Xbox 720 and PlayStation 4 (PS4). Microsoft's upcoming game console is expected to debut sometime in Christmas 2013, while Sony's PS4 is also scheduled for a 2013 holiday season release, setting the stage for an exciting battle ahead.

The forecast is that unemployment will continue to rise even if the economy begins to grow.

The advent of 2012 brings another bunch of exciting games like Halo 4, Mass Effect 3, Bioshock Infinite, Max Payne 3, Resident Evil 6 and Grand Theft Auto 5 to the Xbox 360 platform.

The next Xbox 720 will pack a 'monster' 16-core IBM PowerPC CPU along with a GPU equivalent to AMD's Randeon HD 7000-series graphic cards and a Blu-ray drive.

While the 'Mass Effect 3: Extended Cut' free DLC is due until late this summer, fans are eagerly awaiting a fix to the less controversial Shepard face import bug from Mass Effect 1 (ME1) and Mass Effect 2 (ME2) to Mass Effect 3 (ME3).

While the attack on some web sites happened in February, Apple released two security patches for the Trojan this week.

Twitter wants the defendants to be shut down and has also claimed damages for breach of the terms of service.

Max Payne has carved a niche among PC gamers with its matrix-style bullet time and slow-motion effects stealing the spotlight from ordinary FPS (first-person shooter) games. The classic FPS is poised to make its debut on two most popular mobile platforms - iOS and Android - come 12 April.

Sony's next home console PlayStation 4 may have chips that are based on AMD's A8-3850 APU and Radeon HD 7670 GPU.

AT&T to Unlock Off-Contract iPhones from 8 April

India-based Sahara Group is reported to be in advanced talks to acquire the New York property.

Latest reports from Guardian suggest that the earnings of a proposed settlement in an ongoing patent dispute with Oracle, allows Google to make four times as much from an iOS device than it does from devices running its own Android OS.

The ban is aimed at reducing the temptation for children and young people to smoke..

Britain's FTSE 100 is expected to hit 6,100 mark by the end of 2012, driven by signs of growth in UK economy, improving European debt crisis and good global economic prospects.

The franchise owner EA has finally responded to fans clamouring for a meaningful ending, with the release of DLC or rather Extended Cut, which promises to fix ending details this Summer.

According to reports, 7,000 litres of fuel leaked from the ship's total cargo of 24,000 litres.

Hiring by banks, asset managers and the insurance sector was down 57 per cent in March 2012.

Murdoch group shares dive 4% after news channel admits hacking into private emails

Volex Group says its trading will be in line with current market expectations for the twelve months to April 1, 2012 despite increased global economic uncertainty, which resulted slow growth in Q3 FY 2012.

The Britain's industrial output experienced a major decline in almost a year in February, confounding previous upbeat private-sector surveys and signalling doubt on the UK's economic recovery.

The April outlook for British Pound Sterling is expected to be resilient, mainly due to recent PMI data releases about services sector, construction and manufacturing of the UK economy and also struggling eurozone economy.

Bond yields rise, shares slump as Europe's problems appear to deepen

MPC's key lending rate unchanged for 37th consecutive month

Global food prices rise for the third consecutive month, according to the United Nations.

"Mass Effect 3" fans have been left puzzled and annoyed with the popular video game's ending.

Wigan-based sports group hails “turnaround” as former CEO faces £1m fraud charges.

Governor Mervyn King and the MPC face growth and inflation dilemma

Yahoo Inc To Lay Off 2000 People!

Halfords Group's shares dropped as much as 3.3 percent after disappointing trading update ahead of its full-year earnings.