Technology Report: Microsoft unveils Xbox One with Spielberg, Activision tie-up

	Click to View in Browser 05/21/2013 Microsoft unveils Xbox One with Spielberg, Activision tie-up REDMOND, Washington (Reuters) - Microsoft Corp gave the world a first look at its new Xbox One on Tuesday, announcing that its first gaming console in eight years will come with exclusive video and software content, including a "Halo" series produced by Steven Spielberg. Intel CEO shakes up units, creates 'new devices' group SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganization and created a unit aimed at growing its market share in mobile technology. Sony to assess spin-off proposal for entertainment business: Nikkei (Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. PayPal to increase marketing this year for offline push SAN FRANCISCO (Reuters) - PayPal, the online payment operation owned by eBay Inc, will increase marketing spending to support its push into physical stores, President David Marcus said on Tuesday. Telecom Italia mulls mobile unit spin-off: sources MILAN/ROME (Reuters) - Telecom Italia is mulling spinning off its mobile unit along with its fixed-line network from the rest of the company to bring new investors on board, three people, including a senior political source, told Reuters on Tuesday. Senate panel peels back Apple's offshore taxes WASHINGTON (Reuters) - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and Mac computers kept billions of dollars in profits in Irish subsidiaries to avoid U.S. taxes. France Tel to invest up to 50 million euro in Dailymotion: report PARIS (Reuters) - France Telecom plans to invest between 30 and 50 million euros ($64 million) in its video-sharing website Dailymotion and begin a fresh search for a partner in the autumn, its chief executive said on Tuesday. Ireland rejects blame for Apple's low tax rate CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries. Some U.S. power companies say they face constant cyber attacks BOSTON (Reuters) - Several U.S. power utilities say they face constant cyber attacks on critical systems, according to a report by two Democratic lawmakers amid warnings from the Obama administration that foreign hackers are seeking to attack the electric grid. Yahoo's rise in Asia offsets risk from Tumblr bet SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Related Video Techquity: Apple scrutinized over taxes, Intel reorganizes Making sense of Yahoo's Tumblr deal Mediafile Paul Smalera How Tumblr might 'screw up' Yahoo James Ledbetter Music royalties and Pandora's box A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend