Shanda Games to launch this year's biggest IPO, raising $1 billion at $12.50 per shareSeptember 25th, 2009 Shanda Games to launch this year's biggest IPONEW YORK — Shanda Games Ltd., a Chinese video game company, raised $1 billion Friday in the largest initial public offering of the year. The company offered more shares than expected, but got a lackluster reception.
Video game shares take a hit as PlayStation price cut rumors mountAugust 17th, 2009 Sector Snap: Video games take a hitNEW YORK — Shares of video game companies took a hit Monday, even as rumors mounted about a looming price cut for Sony Corp.'s PlayStation 3. The shares dropped just a few days after market researcher NPD Group reported a sharp drop in video game retail sales for the month of July.
US video game sales slide 23 percent in May for third straight month of declinesJune 12th, 2009 US video game sales slide 23 pct in MayLOS ANGELES — Market researcher NPD Group says U.S. video gamers spent less on games, hardware and accessories in May compared with a year ago.
Samsung says 2nd-quarter net profit rose 5.2 percent over last year's, sales riseJuly 24th, 2009 Samsung says quarter-2 net profit rose 5.2 percentSEOUL, South Korea — Samsung Electronics says second-quarter net profit rose 5.2 percent from the same period last year as sales rose. Samsung Electronics Co.
BlackBerry is world's fastest growing company: FortuneAugust 18th, 2009 TORONTO - BlackBerry-maker Research In Motion (RIM) tops Fortune magazine's list of the world's 100 fastest-growing companies. It is the first time that Fortune has opened its list of the top 100 fastest growing companies to businesses from around the world.
US video game retail sales fall once again in August, says NPDSeptember 11th, 2009 NPD: Video game sales slide again in AugustNEW YORK — Retail sales of video games have declined for six straight months. Analysts are blaming the slow August — which was expected — in part on a disappointing showing from the latest "Madden" title from Electronic Arts.
Palm appoints former iPod whiz Jon Rubinstein as its new chief executiveJune 11th, 2009 Palm appoints ex-Apple whiz as CEOLOS ANGELES — Jon Rubinstein, a former executive behind Apple Inc.'s iPod, on Wednesday was named chief executive of smartphone maker Palm Inc., replacing Ed Colligan who is stepping down after 16 years with the company. The appointment, effective Friday, comes just days after Sunnyvale, Calif.-based Palm launched the $199 Pre, a well-regarded rival to Apple's blockbuster iPhone device.
BlackBerry shares shoot up 34 percent on record profitApril 4th, 2009 Shares of BlackBerry maker Research In Motion (RIM) shot up almost 20 percent Friday after the wireless communication leader Thursday posted a record profit of $518.3 million for the last quarter of fiscal year 2009 ending Feb 28.RIM shares closed at $72.80 on the Toronto Stock Exchange - more than 19 per cent since Thursday.This is in addition to 14 percent gain the shares made Thursday immediately after the Waterloo-based company put out its quarterly financial results. Considering that RIM shares have been stuck around $45 since December, the 34 percent gain of the last day belies all speculation about slump in the smart phone market in the current economic climate.
Report: German auto maker Porsche near deal with VolkswagenJuly 18th, 2009 Report: Porsche near deal with VWFRANKFURT — The struggle over control of Porsche, the heavily leveraged maker of world-class sports cars including the 911, appears to be coming to an end, according to media reports. The German weekly news magazine Der Spiegel reported on its Web site Saturday that Wolfsburg-based Volkswagen AG would initially get 49.9 percent of Porsche AG and later take the remaining shares.
Electronic Arts posts larger 1st-quarter loss, adjusted results beat expectationsAugust 4th, 2009 EA 1Q loss widens but results surpass expectationsNEW YORK — Lower revenue from packaged video games amid a seasonal slump for the industry gave Electronic Arts Inc. a larger net loss in its fiscal first quarter.
Japan Stocks Plunge into Deeper Worries! Mitsubishi, Toyota UnsettledApril 21st, 2009 Japan stocks tumble on renewed bank fears
TOKYO — Japanese stocks tumbled Tuesday, with investors rattled by a blowout in problem loans at a major U.S. bank and an unsettling production outlook for Toyota Motor Corp.
Palm appoints former iPod whiz Jon Rubinstein as its new chief executive and chairmanJune 11th, 2009 Palm appoints ex-Apple whiz as CEO, chairmanSUNNYVALE, Calif. — Jon Rubinstein, a former executive behind Apple Inc.'s iPod, on Wednesday was named chief executive of smartphone maker Palm Inc., replacing Ed Colligan who is stepping down after 16 years with the company.
GameStop profit falls 32 percent on fewer hit video game titles; full-year outlook cutAugust 20th, 2009 GameStop posts disappointing profit, cuts outlookGRAPEVINE, Texas — GameStop Corp., the world's largest video game and entertainments software retailer, posted disappointing fiscal second-quarter results on Thursday and lowered its full-year earnings forecast, citing fewer hit video games and cautious consumers. Shares tumbled in morning trading.
BlackBerry shares fall marginallyJanuary 22nd, 2009 TORONTO - BlackBerry maker Research In Motion's shares fell only slightly Thursday after the news that its two co-CEOs face a multi-million dollar fine from the market regulatory body. The co-CEOs - Jim Balsillie and Michael Lazaridis - face up to $100 million in fines from the provincial Ontario Securities Commission for their role in a stock option backdating controversy.
BlackBerry shares slip after downgrading; sales to slumpMarch 26th, 2009 TORONTO - The shares of BlackBerry maker Research In Motion (RIM) fell sharply on the Toronto Stock Exchange and Nasdaq Wednesday after its downgrading by JPMorgan Chase. RIM shares dived 4.4 percent to close at $52.39 after an analysis by the global financial services firm said that the Canadian company will experience slower growth over the next one and a half years.
Loading ...