Electronic Arts shares decline after company announces 1,500 job cuts, acquisition of Playfish
EA shares drop after job cuts, outlook NEW YORK — Shares of Electronic Arts Inc. took a hit Tuesday, the day after the video game publisher said it is cutting 1,500 jobs and announced it bought Playfish Inc., a maker of online social games. Electronic Arts posts 2nd-quarter loss, adjusted profit, cutting 1,500 jobs, or 17 percentElectronic Arts reports 2nd-quarter net loss, plans to cut 1,500 jobs, or 17 percentEBay, known for Internet auctions and ‘Buy it Now,’ may soon be dominated by PayPal businessNokia Siemens Networks to lay off up to 5,700 workers to cut costsMotorola posts 3rd-quarter profit and upgrades outlook, sending its shares up sharplyMotorola posts 3rd-quarter profit as mobile division losses ease, names CFONokia makes executive changes after poor Q3, market share loss in smart phonesNokia reshuffles executive team after poor Q3 HELSINKI — Nokia Corp., the world’s biggest cell phone maker, announced changes to its executive team on Friday — a day after it reported a sharp fall in market share of smartphones and a net quarterly loss. |
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