Reuters:Â Â Riots in China show the nation is in flux. Reuters:Â Â The US is considering mortgage aid for the unemployed. Reuters:Â Â The June budget gap was $94 billion. Reuters:Â Â Rattner stepped down…
Shares of Take-Two (TTWO) Interactive fell 14% after hours as the company cuts its forecasts of earnings and sales for its fiscal 2009. The major reason for the change was the delay…
Douglas A. McIntyre Microsoft Corp. (NASDAQ: MSFT) is making some strong projections and updates for its Xbox video gaming system. The company noted that global sales of the Xbox 360 unit have now crossed the…
Reuters:Â Â GM (GM) is close to filing Chapter 11. Reuters:Â Â A poll of economists says the US recession will end soon followed by modest growth. Retuers:Â Â The mood of US consumers rose…
Barron’s reports that there are rumors that Take-Two (TTWO) may receive a takeover offer soon. It turned down an offer from Electronic Arts (ERTS) last year. The shares are up 12% to $9.43.…
Douglas A. McIntyre Electronic Arts Inc. (NASDAQ: ERTS) is set to report earnings after the close of trading today. The (former) largest US-based video game company is expected to post $0.91 non-GAAP EPS on $1.92…
There are plenty of 52-week lows out there for the picking. These are some of the major lows we saw today which we have seen. Some are on specific news, and some…
McClatchy Newspapers (MNI) Drops to $.98 as shareholder panic. The 52-week high is $13.31. Stone Energy (SGY) Cuts production view for quarter. Drops to $8.47 from 52-week high of $73.96. Nortel Networks…
Douglas A. McIntyre According to Reuters, Chrysler will idle its plant for a month to cut inventory and costs. Reuters reports that the SEC is under fire over the Madoff investigation. Reuters reports that Obama…
Take-Two Interactive Software Inc. (NASDAQ: TTWO) just joined the ranks of video game publishers with bad earnings. Real bad earnings. And thank heavens for non-GAAP accounting. The company posted a GAAP loss…
Douglas A. McIntyre According to Reuters, there may be another bubble in commodities prices. Reuters reports that the recession is hurting Japan’s economic sentiment and China’s industrial output. Reuters writes that Bush said the auto…
Electronic Arts Inc. (NASDAQ: ERTS) signaled about six weeks ago that the video game industry wasn’t recession-proof. It turns out that the company (and likely the sector) is not even as recession-resistant…
In about 36 hours, the highly awaited release of "Gears of War 2" comes to stores for a midnight opening. The Microsoft (NASDAQ: MSFT) Game Studio published game developed by Epic Games…
Take-Two Interactive (TTWO) could have taken an overly generous offer from Electronic Arts (ERTS). Instead, it held out for a higher price and hinted that it had other buyers. The ERTS bid…
Douglas A. McIntyre According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion. Reuters reports that AIG (AIG) is facing…
