Sony profits on TVs, PlayStation (Investor's Business Daily)
Investor's Business Daily - The electronics giant swung to a Q1 operating profit of $766 mil, recovering from last year's loss. The figure also beat views. Sony's result was boosted by demand for its Bravia flat TVs and PlayStation 3 game consoles. The stronger Japanese yen and increasing competition from Samsung and LG Electronics pose risks to future earnings, Sony said. It surged nearly 8% to 31.90.

Video game group spent $1.1M lobbying in 2Q (AP)
AP - The Entertainment Software Association, a trade group for video game companies, spent $1.1 million during the second quarter to lobby on the regulation of video game content, First Amendment protection, parental control technology and other issues, according to a recent disclosure report.

Microsoft's 'Avatar' Project Builds on 'Kinect' (PC Magazine)
PC Magazine - While Microsoft's Kinect for its Xbox 360 game console uses your body movements as input, the opposite may eventually be true: Microsoft debuted a video of a robotic "avatar" that may interact with humans.