A wounded Microsoft limped to this week's video-game convention in Cologne, Germany, to plead its case for the Xbox One. The company lost points with gamers in the region last week when it announced that the console won't actually make it to eight European countries this year as promised.
Bwin.party digital entertainment Plc fell for a second day after prime ministers representing 15 German states proposed a 16.67 percent tax on sports-betting stakes, a step that one analyst called a “shocking decision.”
PartyGaming Plc plans to acquire Bwin Interactive Entertainment AG in a reverse takeover valued at about 1.13 billion pounds ($1.76 billion) to create the world’s biggest publicly traded online gambling company.
Citigroup Inc. ’s effort to streamline its North American consumer finance unit caused overdue loans to jump more than expected as the bank moved 750,000 customer accounts to new locations, a person briefed on the matter said.
New Jersey Governor Chris Christie ’s proposals to cut pension benefits and raise government workers’ health-insurance payments contributed to a 60 percent jump in retirements in 2010 as more than 20,000 people filed to leave.
Bwin.party digital entertainment Plc and other U.K.-based companies offering online poker have yet to see significant gains from last month’s U.S. Justice Department crackdown on rival Internet gambling companies, according to company executives and industry analysts.