Tuesday's Bloomberg Market Report

By: Deborah Kostroun Email
By: Deborah Kostroun Email

Here are the headlines from Tuesday's Bloomberg Market Report.

It's a big day for the U.S. Government. It posted a January budget surplus for the first time in five years, thanks to a revenue boost from taxes. Economists predicted a $2 billion shortfall, but the Treasury Department reported an excess of nearly $2.9 billion.

Intel is getting into the TV business. The world's biggest computer chip maker is building an internet television product that will feature live TV and on-demand programming. The company says it plans to sell the device directly to consumers with an anticipated debut later this year.

Meanwhile, a Microsoft executive says the company is working on producing its own interactive shows for launch on its Xbox Live service by the end of the year. Giga-Om reports interactive element could include using the company's Kinect technology to let users connect with characters on the screen.

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