Shanda Games gets tepid reception for this year's biggest IPO; shares slide 14 percentSeptember 25th, 2009 Shanda Games IPO gets tepid receptionNEW 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.
Electronic Arts posts smaller 4th-quarter loss, lower revenueMay 6th, 2009 Electronic Arts posts smaller 4Q lossNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches.
Electronic Arts posts smaller 4th-quarter loss despite sales slump as costs declineMay 6th, 2009 EA posts smaller 4Q loss as costs declineNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.
Seagate sees signs of improvement in data storage but posts 4th-quarter loss of $81 millionJuly 21st, 2009 Seagate posts 4Q loss on lower sales, big chargesSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter.
Japan's top chipmaker Toshiba posts record annual loss of $3.5 billion amid sinking demandMay 8th, 2009 Japan's top chipmaker Toshiba posts record lossTOKYO — Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Toshiba logs first operating loss in 7 yearsJanuary 28th, 2009 TOKYO - Toshiba Corp Thursday projected that the company will record a 280 billion yen ($3.11 billion) in net and operating loss in fiscal 2008 as flash memory prices were slumping and global economic situation worsening. If that proves to be the case, the predicted loss will be the first since fiscal 2001.
Research in Motion fiscal first-quarter earnings up 33 cents on increased salesJune 18th, 2009 RIM 1Q earnings up 33 percent on increased salesTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday exceeded first-quarter expectations when it reported a 33 percent rise in profit but disappointed investors with its guidance.
Sony incurs first net loss in 14 yearsMay 14th, 2009 TOKYO - Sony Corp suffered its first annual net loss in 14 years as the yen's rise against the dollar and harsh price competition amid the global economic downturn drove consumers away, the company said Thursday. Sony reported 98.9 billion yen ($1.03 billion) in net loss for the fiscal 2008 year against a 369.4-billion-yen net profit the year before.
Sony cuts PlayStation 3 price around world, offers upgrade, could worsen earnings woesAugust 19th, 2009 Sony cuts PS3 price around world, offers upgradeTOKYO — Sony Corp. slashed the price of the PlayStation 3 around the world in a move that analysts said is likely to boost sales of the game console while not adding much to its money-losing earnings.
AT&T earnings fall 10 percent but beat analyst estimates; iPhone softens the economy's impactApril 22nd, 2009 AT&T earnings fall, but iPhone cushions the blowNEW YORK — Cost-cutting and the lure of the iPhone softened the effect of the weak economy at AT&T Inc., helping the country's biggest telecommunications carrier beat analyst estimates for the first quarter. AT&T said Wednesday it earned more than $3.1 billion, or 53 cents per share, in the first three months of 2009, down 10 percent from almost $3.5 billion, or 57 cents per share, a year earlier.
Take-Two cuts quarterly profit and revenue outlook on BioShock 2 delay, weak retail salesJuly 14th, 2009 Take-Two cuts outlook on BioShock 2 delaySAN FRANCISCO — Shares of Take-Two Interactive Software Inc. plunged 13 percent in after-hours trading after the video game maker cut its financial outlook, citing lackluster orders from retailers and the delay of a popular new title.
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.
Motorola 1Q loss widens, but beats Street; regains position as No. 4 cell-phone makerApril 30th, 2009 Motorola 1Q loss widens, but beats StreetNEW YORK — Motorola Inc. defeated low expectations Thursday, posting a smaller first-quarter loss than Wall Street had expected and regained its position as the world's fourth-largest maker of cell phones.
Microsoft Xbox executive Shane Kim to retire after 19 yearsSeptember 15th, 2009 Xbox exec Shane Kim to retire after 19 yearsNEW YORK — Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" and "Gears of War," is retiring after 19 years with the software maker.
Squeezed by recession, video game sales drop for fourth straight month in JuneJuly 17th, 2009 June video game sales drop sharplyNEW YORK — Squeezed by the economic downturn, U.S. retail sales of video games dropped sharply in June.
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