Take-Two cuts quarterly profit and revenue outlook on BioShock 2 delay, weak retail sales

August 3rd, 2009 Panasonic reports $558 million quarterly lossTOKYO — Panasonic is reporting a 52.98 billion yen ($558 million) loss for the fiscal first quarter as lower sales, falling gadget prices and retirement expenses offset cost cuts. Osaka-based Panasonic Corp.

August 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.

April 23rd, 2009 NEW YORK - The economic slump seems to have no impact on Apple Inc. as Cupertino-based electronic and software giant posted a quarterly profit of $1.21 billion on revenue of $8.16 billion Wednesday.

July 28th, 2009 Viacom's 2Q profit falls 32 percentNEW YORK — Viacom's second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases. The media conglomerate controlled by billionaire Sumner Redstone earned $277 million, or 46 cents per share, compared with $407 million, or 65 cents per share, in the same quarter last year.

July 23rd, 2009 Movers roundup: Starbucks, Seagate TechnologyAmong the stock activity stories for Wednesday, July 22, from AP Financial News: NEW YORK (AP) — Shares of Starbucks Corp. soared after a number of analysts praised the company's cost-cutting efforts following the gourmet coffee chain's fiscal third-quarter profit report.

July 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.

September 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.

May 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.

May 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.

August 14th, 2009 July video game sales show sharp declineNEW YORK — Hurt by the recession and few hit game launches, U.S. retail sales of video games dropped sharply in July, market researcher NPD Group says.

August 18th, 2009 Sony cuts price of PlayStation 3 by $100NEW YORK — After months of rumors and anticipation, Sony says it's slashing the price of the PlayStation 3 by $100 to $299. Sony Corp. said Tuesday it will cut the price of the currently available 80 gigabyte PlayStation 3 effective immediately.

January 22nd, 2009 SEOUL - Samsung Electronics Co, the leading South Korean electronics maker, posted its first quarterly loss, saying Friday that it was 20 billion won ($14.59 million) in the red in the final quarter of 2008. The world's largest maker of memory chips and liquid-crystal displays said the falling prices of memory chips and sinking demand for electronics during the global economic downturn was the cause for the loss after it had seen a profit of 2.21 trillion won in the same quarter a year earlier.

July 30th, 2009 Sony reports quarterly loss, expects more red inkTOKYO — Sony Corp., maker of the hit PlayStation game console, reported a smaller-than-expected quarterly loss but maintained its forecast for more red ink as it takes a beating from the strong yen and slumping global electronics sales. The Japanese electronics and entertainment company said Thursday its net loss for the fiscal first quarter was 37.1 billion yen ($390.5 million) compared with a 35 billion yen ($368.4 million) profit in the April-June period a year earlier.

July 6th, 2009 Samsung announces earnings estimateSEOUL, South Korea — Samsung Electronics Co., the world's biggest manufacturer of memory chips, announced quarterly earnings estimates for the first time Monday, saying it hopes to reduce market confusion and speculation about its performance. The Suwon, South Korea-based corporation said it expects consolidated sales of between 31 trillion won ($24.46 billion) and 33 trillion won for the three months through June.

June 19th, 2009 RIM 1Q profit tops view, shares wobble on outlookTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday reported a better-than-expected 33 percent jump in first-quarter profit as the company continues to boost market share among non-corporate customers.