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Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
From key levels on the S&P, to weakness in the tech sector, the Fast Money team reveals what the pros are watching in the wake of the Japan tragedy.
Stocks slumped as investors assessed how the devastating earthquake and tsunami in Japan would affect U.S. companies and the global economy. GE sank, while Pfizer gained.
Various companies in the food chains of autos and semiconductors are also down. Polypore International, for example, which makes membranes for lead-acid and lithium batteries, is down 5 percent. As there were damage to many plants, a few semiconductor names outside Japan are trading up.
Software sales came in slightly better than analysts were expecting, while hardware sales shattered expectations. For the month, game sales fell 5 percent versus a year ago, according to the NPD.
With a weak slate of titles, February is shaping up to be another negative month for the video game industry.
The explosion in cheap and free apps and social network games has devalued game development and could put the industry at risk.
The next frontier for digital music is not a tablet or a smartphone, but two items that have been part of everyday life for decades: the car and the television set. The New York Times reports.
Troubled sitcom actor Charlie Sheen stands to earn $1 million this year endorsing products on such social media sites as Twitter, Arnie Gullov-Singh, CEO of Ad.ly, a website that links celebrities with companies and brands online, told CNBC Monday.
You might think that after creating a title that has over 12 million customers happily paying a monthly subscription fee, Blizzard Entertainment would be immune to some of the fears circling the video game industry.
Smartphones have absolutely crashed the mobile gaming industry party since the iPhone came onto the scene in 2007 – can Nintendo answer?
Electronic Arts hasn’t exactly been a darling of Wall Street in recent years, but the president of the EA Games label says the company has made the necessary changes to get back on top.
In his new book "Tell to Win," Peter Guber says what's needed now is State-of-the-Heart-Technology."
Troubled actor Charlie Sheen is “screwing his way to the bottom,” and Peter Guber, chairman and CEO of Mandalay Entertainment, told CNBC Monday.
There will be plenty of ties in office Oscar pools this year: The Academy Awards were just as predictable as they possibly could have been.
We're set up on the red carpet, which is actually on Hollywood Blvd. And with the threat of rain, the red carpet is covered in white plastic and the giant gold statuettes are covered in giant clear plastic bags.
Despite comparing with weak numbers from a year ago, game software sales were down 5 percent last month versus 12 months earlier, coming in at $576 million, according to NPD Group, which tracks the industry.
After two consistent years of negative growth, investors in the video game industry are hoping for things to start turning around in 2011, but they may have to wait a little longer for that to happen.
The 3D TV market just got a little more exciting. On Sunday, '3net' launched in 18 million homes from Discovery, Sony and Imax. And on Monday, as a Valentine’s gift to sports fans, ESPN launched on DirecTV, Comcast and Time Warner Cable. This brings the total number of 3D networks to three, including DirecTV's 'N3d' channel, launched last year in partnership with Panasonic.