Business Digest

Business Digest

Wednesday, June 3, 2009


Microsoft and Sony Take Aim at Nintendo

If imitation is the sincerest form of flattery, then this week may have been a gratifying one for Nintendo, so far. Microsoft and Sony have each revealed strategies to gain traction in the video game market by introducing movement-detecting controllers, in which hand and arm gestures replace button mashing. In other words, Nintendo's biggest competitors will both soon be offering technologies that make their products a little more like the company's Wii.

Sony yesterday showed off a new controller for its PlayStation 3 that converts a user's hand movements into onscreen action. The technology features a camera that tracks the controller's movements. The new device is scheduled to become available next spring.

Microsoft showed off its technology, called Project Natal, on Monday. So advanced is Microsoft's take on this technology that users don't even need to hold a controller in their hands, thanks to a camera that "sees" how players are tilting their hands as they, for example, steer a virtual car in a racing game.

The announcements came on the eve of the industry's major annual trade show, the Electronic Entertainment Expo.

Meanwhile, Nintendo announced that it is pushing its pioneering motion-sensing technology to a new level. The company will soon sell a tiny box that attaches to the Wii's controller to provide a more accurate onscreen reading of a player's arm movements.

Sony also revealed a new version of its mobile gaming device, the PlayStation Portable. The latest version, called the PSP Go, is a bit smaller than its predecessors, as it discards a slot for game discs; PSP Go users will directly download games from an online Sony store.

-- Mike Musgrove


Life Insurers Press For Regulatory Choice

The life insurance industry issued a plea yesterday for giving insurers the ability to choose whether they are supervised by state or federal regulators. Life insurers are currently regulated at the state level, making it hard for the federal government to monitor their financial health. The American Council of Life Insurers, an industry lobby, says that a federal overseer is needed, but it wants insurers to be able to choose whether to submit to its oversight.

Consumer advocates, state regulators and some members of Congress have argued that making federal regulation optional would allow insurers to play one regulator off another and shop for the most accommodating overseer in a race to the bottom, much as occurred in the banking world.

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