Microsoft unveils plans for new Xbox

Microsoft is ready to move the Xbox to the next generation.

The company on Monday unveiled a new Xbox One system — code named Project Scorpio — that retains many of the features of the current generation and will play all existing games, but greatly enhances the hardware power, enabling true 4K gaming and better support for virtual reality.

Read more at CNBC.com: Microsoft unveils plans for new Xbox

EA lays out ‘Star Wars’ gaming road map

Electronic Arts wants the video game world to know how dedicated it is to “Star Wars.” But don’t look for a new title this year.

The software publisher laid out a road map for upcoming games in the galaxy far, far away at its annual news conference before the E3 video game trade show, but absent from the list was a new entry for 2016.

Read more at CNBC.com: EA lays out ‘Star Wars’ gaming road map

Adoption’s Nightmare Scenario: Fraud

Any adoption of a child through a birth mother arrangement is a stressful process for the prospective parents.

Beyond the usual worries that accompany a pregnancy, there’s the looming chance that the birth mother, upon delivering the child, will have a change of heart — and decide that she’s unable to give the child up, a heart-wrenching decision for all parties. But for a small percentage of people looking to adopt, there’s an even worse scenario: Adoption fraud.

Read more at Mass Mutual: Adoption’s Nightmare Scenario: Fraud – MassMutual

Six Great Wine Trips That Are Cheaper Than Napa Valley

A trip to wine country can be romantic or relaxing, but it can also be a big drain on your wallet.

Sometimes, that’s because you return home with a couple more cases of wine than you had planned for, but more often the costs of area hotels and the wine tastings themselves quickly run up the bill. (At least one Napa Valley winery charges between $30 and $45 for a tasting of just five wines.) Smart oenophiles, however, know that there are a number of other good options around the country.

Read more at Money.com: Six Great Wine Trips That Are Cheaper Than Napa Valley

As EA approaches, video game industry is at a turning point

While sales of the PlayStation 4 and Xbox One are moving at a rapid clip, a sense of transition looms over the video game industry these days — and the imminent kick-off of E3, the gaming industry’s annual trade show in Los Angeles, seems to be emphasizing that.

Cumulative sales of the Xbox One and PS4 are more than 40 percent higher than their predecessors after 30 months in the market. Nintendo’s Wii U, though, has largely been a non-factor this generation. Virtual reality is getting lots of media attention, but everyone in the industry warns it will be years before it’s anywhere close to mainstream. And the industry’s two biggest publishers have opted against hosting booths at E3 itself.

Read more at CNBC.com: As EA approaches, video game industry is at a turning point

3 essential business growth lessons from the craft beer boom

You don’t have to be a fan of IPAs to know that the craft beer world is doing something right. In 2015, 620 new breweries opened, with only 67 closing their doors. That 10.8 percent failure rate is higher than the long-term average but has been consistent in recent years as the overall number of brewery openings has spiked. It’s also much lower than in the restaurant industry, where as much as 60 percent of new establishments close in the first three years.

Read more at CNBC.com: 3 essential business growth lessons from the craft beer boom

4 key business tips from the man behind Atari and Chuck E. Cheese’s

Nolan Bushnell doesn’t have to worry about a legacy as an entrepreneur. He’s already got several.

But the creator of Atari, Chuck E. Cheese’s and several other ventures (including his latest, Brainrush, a site focused on learning games) isn’t someone who enjoys sitting around. Instead, he focuses much of his time on figuring out what business to start next.

Read more at CNBC.com: 4 key business tips from the man behind Atari and Chuck E. Cheese’s

Your Old Video Games Might Actually Be Worth a Lot of Money

A lot of people are making money off video games these days. YouTube celebrities (like PewDiePie) have made millions by recording themselves playing new releases. And some professional players earn hundreds of thousands of dollars in eSports tournaments. But even if you’re not cut out for Internet fame and no longer have the reflexes of a teenager, you may still be leaving money on the table.

Read more at Money.com: Your Old Video Games Might Actually Be Worth a Lot of Money 

Collectors Grab Michael Jackson’s ‘Beat It’ Jacket, Elvis’s Underwear

Beatlemania is still running wild for music collectors.

A handwritten page of lyrics by John Lennon titled “Being for the Benifit [sic] of Mr Kite!” was the top selling item at a Saturday auction of rock memorabilia hosted by Julien’s Auctions. The one-sheet, which was written in ballpoint pen, with parts copied over in black marker, sold for $354,400.

Read more at Fortune.com: Collectors Grab Michael Jackson’s ‘Beat It’ Jacket, Elvis’s Underwear