WSJ.com: What's News US

Microsoft Shows Off Xbox One Console
Microsoft unveiled a reinvented Xbox game console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms.



Prosecutors Consider Use of Organized Crime Law Against SAC
No hedge fund has ever been charged under the Racketeer Influenced and Corrupt Organizations Act, a powerful legal tool used against the Mafia and drug gangs.



Fed Officials' Remarks Boost Stocks
Signals that the Federal Reserve remains far from winding down its bond purchases, combined with a bullish outlook from Goldman Sachs, helped push stocks toward another winning Tuesday.



Sprint Boosts Bid for Clearwire
Sprint boosted its offer for Clearwire by 14%, succumbing to shareholder pressure with the hope of winning over vigorous opposition to the deal.



Funds Get Active Over Director Pay
Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies.



CME Plans to Cut Board Size
The chairman of CME Group said the exchange operator plans further cuts to a 30-member board that is twice as large as its closest U.S. rivals.



Tip Puts Lobbyist's Career on Hold
Mark Hayes was a Washington policy wonk on a long and steady ascent. A series of emails to a client was all it took to put that carefully crafted career on hold.



Best Buy Swings to Loss
Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.



H&M: Clothing Made in Accident-Hit Cambodia Factory
Swedish fast-fashion retailer Hennes & Mauritz said that some of its clothing was produced in a Cambodia factory where 23 people were injured in an accident on its premises Monday.



Vodafone to Spend Verizon Dividend
Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile operator's full-year profit.



New Rival Emerging for Bloomberg Chat
Thomson Reuters and Markit, rival data providers, have teamed up with investment banks to build a new messaging service to challenge Bloomberg.



Home Depot Raises Outlook
Home Depot raised its full-year outlook and said net profit jumped 18%, helped by the recovering housing market and sales related to reconstruction in the wake of superstorm Sandy.



Gupta Makes Case for Appeal
Rajat Gupta asked a federal appeals court to set aside his insider-trading conviction because he said wiretaps were improperly allowed as evidence.