COMPANIES

Nintendo Wii U graphics to be better than demos suggest

IDC Predicts Wii U, Xbox 720, PS4 will Calm Games Industry Turbulence
A recent report has indicated that the current development kits being used to develop games for the Wii U are actually underpowered, meaning that the actual games when released will boast significantly better graphics.
LulzSec Tweet

LulzSec cyber attack on U.S. CIA possible hoax

Since claiming responsibility for a successful cyber attack on the U.S. CIA's website the hacker collective LulzSec has since tweeted that not all comments made on its Twitter page are official statements for the group, leading to speculation about the authenticity of its most recent claim.
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Microsoft beat Sony in Xbox 360 v.s PS3 sales grudge-match

With E3 out of the way and the sun beginning to set on the current generation of home entertainment consoles, recently released sales figures have revealed that Microsoft's Xbox 360 is currently beating Sony's PS3 in overall sales.
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Games sales hit five year low: LulzSec cyber attacks key factor?

Following LulzSec's ongoing campaign against the games industry, a study by the NDP Group has revealed that game sales in the U.S. have hit their lowest point in five years, but interestingly the recent slew of cyber attacks has not been listed as a key reason for the sales lull.
Chancellor George Osbourne

'Retail Banks Will Be Ring-Fenced Under New Banking Reforms

George Osbourne is proposing the biggest bank shake up since the 1930's with controversial plans to ring fence retail arms of banks. He is set to face 'formidable opposition' from the banks in what could be one of the most challenging reforms of the banking sector. The Chancellor wants banks to ring fence their retail banking arms to protect the public if their trading and investment arms were to hit serious trouble.
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35 Anonymous hackers arrested: Are LulzSec next?

With news of 35 alleged Anonymous members currently being detained by the authorities, many analysts have come to question just how long it will be until LulzSec finds itself in law enforcement agencies firing lines following its high-profile cyber attack on the U.S. Senate.
Facebook Founder & Chief Executive Officer Mark Zuckerberg

Facebook denies losing 6 million users

Facebook yesterday shot back at reports that it had lost as many as 6 million users during the month of May in the United States, which could prove to be a potentially damaging finding as the company seeks to go public sometime in early 2012.