U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may snap a five-week gain, as European finance ministers held back a Greece bailout and a political leader said he won’t support an austerity [...]
U.S. stocks rose, sending benchmark gauges higher for a second day, as Italian lawmakers prepared to vote on Prime Minister Silvio Berlusconi’s [...]
Stupidity is contagious. It gets us all from time to time. Even respectable companies can catch [...]
Market around the line: Continued sluggish trading on a slow, holiday-shortened [...]
Wedbush Morgan Securities analyst Michael Pachter has been talking about publishers, specifically Activision, launching online subscription services to better monetize the vast amounts of online play taking place these [...]
Financial news source Bloomberg analyzes Xbox Live in an article looking at how much revenue the service generated for Microsoft last [...]
Electronic Arts Inc. saw its shares take a hit Wednesday morning after the video game publisher issued a forecast for the current quarter and fiscal year that disappointed some investors who were hoping for upside, thanks to strong game sales in the March [...]
Citi falls on Treasury sale plan. Shares of Citigroup closed down 5.1% yesterday following the Treasury’s announcement that it plans to sell up to 1.5B of its Citigroup shares “in an orderly fashion under a pre-arranged written trading plan.” The Treasury owns 7.7B Citigroup shares, and additional sales are expected to [...]
In advance of Activision Blizzard’s holiday fiscal report , Wedbush Morgan Securities analyst Michael Pachter has chimed in, noting that the publisher probably generated sales around $2.24 billion with earnings per share of $0.44. ” Massive sales of Call of Duty: Modern Warfare 2 were likely enough to offset lower than expected sales of DJ Hero , [...]
