"We have always been passionate about making great entertainment accessible to everyone, and the new price for PSP, as well as the continued growth of the "Greatest Hits" library, reflect our ongoing commitment to supporting and expanding the PSP community," said Jack Tretton, president and CEO, Sony Computer Entertainment America.

The PSP is in its third year of production, and lately has been outshone by the popular DS.

"The PSP needed a price cut to reinvigorate the market. Wal-Mart sold the PSP for 169 dollars for five hours on Black Friday -- a time in which we believe the company was able to sell over 100,000 pieces of hardware," BMO Capital Markets analyst Edward Williams said in a client note.

Williams said main beneficiaries of the price cut should be video-game retailer GameStop, and to a lesser extent Take-Two Interactive Software, which has a healthy line-up of games for the paperback book-sized device.

"In general, though, all publishers should benefit," Williams said.

In 2006, PSP shipments rose to nearly 25 million units worldwide, with more than one million new PSP systems sold in North America in December alone. In addition, software shipments increased to more than 90 million units last year, according to Sony's figures.

The PSP platform is also slated for further market penetration this year with new game releases. The 2007 game releases lineup includes "God of War," "Ratchet & lank," "SOCOM: U.S. Navy SEALs," "Daxter," and "Syphon Filter: Dark Mirror."

Sony Computer Entertainment America is a division of global electronics maker Sony.

A representative for Sony in Japan said there would not be an immediate price cut on the PSP in that market.

The models are marketed under the product names "Free," "Free Zen & Now," "Free Trainer," and "Free Trail," Reebok said.

Nike Inc., the world's largest sports apparel company, issued a statement saying the company was "evaluating the claims related to this very recently issued U.S. patent and any potential limited application to the successful Nike Free product."

A similarly offensive video involving the founder of modern Turkey, Mustafa Kemal Ataturk prompted a Turkish court last month to order Turkish telecom providers to block access to YouTube. The court lifted the ban just two days later for unspecified reasons.

China will not follow the U.S. energy consumption model because energy resources are limited, said Xu Dingming, vice director of the Office of the National Energy Leading Group.

Xu made the remark at an MIT Energy Forum in Shanghai on Tuesday. He said if Chinese people consumed energy like their U.S. counterparts, China would need 4.5 billion tons of oil per year. However, the annual global oil supply is just four billion tons with only 1.6 billion tons in commercial circulation.

According to the National Bureau of Statistics, Chinese citizens owned nearly 30 million private cars at the end of last year.

With annual oil consumption of two tons per vehicle and a 20 percent growth in car numbers per year, the transportation sector could become a large energy consumer in the future, warned the official.

Xu pointed out that westerners account for only 15 percent of the world's population but used the lion's share of the world's energy to power their industrial processes.

Reproducible energies are strongly recommended by experts and conservationists. China plans to raise the proportion of reproducible energies in its total energy consumption to 16 percent by 2020.

DaimlerChrysler acknowledged for the first time on Wednesday it is talking with prospective buyers of its loss-making Chrysler unit, but it did not commit itself to a sale of the US business.

"I can confirm that we are talking with some of the potential partners who have shown a clear interest," Chief Executive Dieter Zetsche told the annual meeting of the world's fifth-biggest carmaker.

"But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for manoeuvre," he said.

"So far I am satisfied with the process. Everything is going according to plan." But critical shareholders wanted action.

"If Chrysler is finally led before the divorce court judge, we would be very grateful. But what happens if you don't find a new bridegroom or if he demands an inappropriately high dowry," asked Henning Gebhardt, head of German equities for Deutsche Bank fund managment arm DWS.

Deutsche Bank has a voting stake of around 4.4 percent in DaimlerChrysler.

Hans-Richard Schmitz, representing shareholder activist group DSW, told Zetsche a Chrysler sale was pressing to ensure DaimlerChrysler did not itself become a takeover target.

"You can do the job yourself or a financial investor will come along and do the job for you," he said.

DaimlerChrysler stock eased 0.3 percent to 61.84 euros while the DJ Stoxx European car sector index was up 0.3 percent.

Prospects of a deal that would reduce the group's exposure to Chrysler's volatile earnings have helped the stock outperform the index by 10 percent so far this year.

Selling Chrysler would unwind the spectacular 1998 merger of Daimler-Benz and Chrysler that never lived up to its billing by former Chief Executive Juergen Schrempp as a marriage made in car heaven.

Despite the recent surge, the stock trades around 14 percent below the level where it made its market debut in November 1998.

The company did not reveal who had expressed interest in Chrysler since DaimlerChrysler first said in mid-February it was examining all options for the US business.

Waiting in the wings: Sources close to the situation have told Reuters that private equity groups Cerberus Capital Management and The Blackstone Group plus Canadian car parts group Magna International Inc are front runners to buy Chrysler.

The Detroit News paper said Cerberus, Blackstone and Magna had submitted formal offers and that DaimlerChrysler was expected to choose one bidder for exclusive negotiations by the end of April, hoping to get around $8 billion for Chrysler.

DaimlerChrysler reiterated its forecast for a significant increase in group profitability through 2009.

Chrysler will absorb restructuring charges of up to 1 billion euros ($1.33 billion) in 2007, but its loss from operating activities is expected to be less than in 2006, when it lost 1.12 billion euros, the company has said in the past.

Its restructuring plan will cut 13,000 jobs and close a plant as it tries to return to profit by 2008.

Consumers' shift to fuel-thrifty cars amid high pump prices hit Chrysler, the most reliant of the Detroit carmakers on light trucks and sport utility vehicles for profits.

Its US sales fell 8 percent in March when adjusted for selling days, and first-quarter sales were off 6.9 percent.

South Korea's benchmark Korea Composite Stock Price Index (KOSPI) rose by 19.66 points to a record high of 1,483.41 on Wednesday.

The volume of the KOSPI was moderate at 347.3 million shares worth 4.49 trillion won (4.79 billion U.S. dollars).

The rises are mainly driven by foreign investors' buying of tech and financial shares on overnight rallies in U.S. markets, analysts said.

On Wednesday, tech shares led the market's advance. Industry leader Samsung Electronics increased by 3.66 percent to 595,000 won on reports that its business will likely improve thanks to a rebound in computer memory chips. The Hynix Semiconductor also rose 2.11 percent to 33,800 won.

The local currency closed at 936.3 won to one U.S. dollar, up 0.4 won from Tuesday's close.

Sinclair, and refinery managers Kapura and Connell, previously admitted to knowingly manipulating the refinery processes, wastewater flows, and wastewater discharges to result in unrepresentative wastewater samplings during mandatory testing required under the National Pollutant Discharge Elimination System (NPDES) permit program. The manipulated samplings were intended to influence analytical testing results reported to the Oklahoma Department of Environmental Quality (ODEQ) and the Environmental Protection Agency (EPA).

"Companies and their employees have a legal obligation to abide by the laws that protect our rivers and waterways from the harmful effects of pollution," said Matthew J. McKeown, Acting Assistant Attorney General for the Justice Department's Environment and Natural Resources Division. "The Justice Department will continue to prosecute companies who fail to comply with the laws that protect our environment from illegal pollution."

"Accurate information is essential for EPA to assure compliance with environmental regulations," said Granta Nakayama, EPA's Assistant Administrator for Enforcement and Compliance Assurance. "By falsifying wastewater sampling results, Sinclair undermined our efforts to protect the public and the environment."

"The investigation and prosecution of Sinclair Tulsa Refining Company should make it clear that corporations and their employees must play by the rules," Oklahoma Attorney General Drew Edmondson said. "Today's sentences protect Oklahoma from future pollution, and it provides money for the Tulsa River Parks Authority. My hope is that the money will be used so we can enjoy this precious natural resource for generations to come."

According to the criminal information and plea agreement filed on December 13, 2006, between January 2000 and March 2004, the Sinclair refinery discharged an average of 1.1 million gallons of treated wastewater per day into the Arkansas River. Under the CWA, Sinclair was permitted to discharge treated wastewater into the Arkansas River, pursuant to certain limitations and conditions, which include scheduled monitoring and required sampling during weekdays. According to the information, on numerous occasions in 2002 and 2003, Sinclair directed employees to limit wastewater discharges in order to manipulate the result of required bio-testing. During monitoring periods, Sinclair, by way of its employees, reduced flow rates of wastewater discharges to the river, and diverted more heavily contaminated wastewater to holding impoundments, among other means of ensuring that they had passed the tests.

Sinclair Oil Corporation is a privately owned oil refinery located in Tulsa, Okla. Although the refinery is headquartered in Salt Lake City, it is incorporated in the state of Wyoming. Sinclair has owned and operated the Tulsa refinery since 1983.

The case was investigated by the U.S. Environmental Protection Agency Criminal Investigation Division and the Oklahoma Attorney General's Environmental Protection Unit. The case was prosecuted by the Environmental Crimes Section of the Justice Department's Environmental and Natural Resources Division and the Northern District of Oklahoma United States Attorney's Office.