Asian shares were mixed on Friday in quiet trade with many regional markets shut for the Easter holidays, except for Japan, China and South Korea.» Read More
GameStop posted on Thursday a better-than-expected seven-fold jump in quarterly profit and raised its full-year outlook on strong sales of games like "Guitar Hero II" and "NCAA Football '08," sending its shares up as much as 8 percent.
Another battle in the very long war. For years Sony's Blu-ray has been battling with Microsoft and Toshiba-backed HD DVD. And everyone--the studios, the disc and player manufacturers, and consumers--is just dying for one format to emerge victorious and the other format to fall the way of the BetaMax. HD DVD just scored an unexpected win, after Blu-ray had taken the lead. DreamWorks Animation and Viacom's Paramount (including DreamWorks Studio) just committed to releasing their films...
With the markets so volatile, many investors might be tempted to head for the exits. But in these nervous times, there are smart moves you can make to protect your portfolio. CNBC asked the experts what they would buy--and sell--in this type of environment. Here's what they're telling us.
Microsoft Corp is cutting the European price for its Xbox 360 video game console by 50 euros to 349.99 euros ($470), following a similar cut in the United States.
Goldman Sachs and Deutsche Bank are pulling out of their commitment to underwrite $1 billion of financing for MGM's slate financing deal, according to the Financial Times, which broke the news.We know that the credit crunch is being felt far and wide -- and now we see that it's being felt all the way in Hollywood at the most hallowed of filmmaking institutions. No one is raising any debt right now, and until the credit markets calm down, things will be quiet. Goldman Sachs and MGM were was raising about one billion dollars to finance a slate of MGM productions and co-productions, including the Hobbit, the fourth Terminator movie, and most likely the next James Bond film (co-produced with Sony).
There's no question that Blockbuster's livelihood is under attack--the business of driving to a store to rent a DVD and driving back when you're done is threatened from video on demand, and digital downloads, especially since both technologies are getting better and faster. So, looking to avoid going the way of the Beta Max, Blockbuster just purchased online movie downloading company Movielink for under $20 million.
U.S. movie rental chain Blockbuster said Wednesday it has bought film download service Movielink for undisclosed terms, giving it a stronger hold in an area where rival Netflix is also staking a claim.
Microsoft's Xbox 360 video game console will be $50 cheaper starting Wednesday, confirming fuzzy snapshots of leaked advertisements posted by bloggers in late July.
After paying their dues on the small screen for 18 years, "The Simpsons" have become movie superstars in just one day.
Sony currently has no plans for a further price cut to its PlayStation 3 game console following a $100 cut in the U.S., the electronics conglomerate's president said on Friday.
Stocks closed sharply lower and the Dow saw its biggest decline since the market meltdown in late February as disappointing news from the housing industry renewed concerns about credit markets and the U.S. economy. "This is just one more of the period panics that we've had in the last six months," said Barton Biggs, managing partner at Traxis Partners. "The puncture of the debt bubble is a positive development and restores some kind of sanity to the debt market."
Sony said on Thursday its quarterly profit more than trebled after strong digital camera sales and a softer yen far outstripped losses at its game unit.
Nintendo said its quarterly operating profit more than tripled, driven by stellar demand for its DS and Wii game gear, and it raised its annual outlook above market expectations, helping its shares trim their loss.
Every summer gadget companies are building the products they plan to sell during the late summer to Christmas bull market. A good investment play on the trend is to buy component makers like Texas Instruments.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Windows Vista attracted most of the hype, but Office 2007 was the sleeper hit that bolstered Microsoft fiscal fourth-quarter results, despite a hefty charge to cover the cost of repairing defective video game consoles.
Motorola on Thursday posted a quarterly loss as revenue fell amid weak phone sales and the company loses market share.
Sony plans to phase out the cut-priced $499 model of its PlayStation 3 video game machine, leaving only a higher capacity $599 model for sale in the United States, the company said onMonday.
Google is not interested in pursuing an acquisition of Facebook, Google co-founder Sergey Brin told CNBC, though the entrepreneur left open the possibility that Google would be open to talks with Facebook if the social networking site made the first move.
From the Allen Conference in Sun Valley, Idaho: I just spoke with Sergey Brin who, when asked if Google is interested in acquiring facebook, said " we don't look at companies for acquisition unless they are really interesting.". Then he said that while he thinks the company is interesting he said: "I think they are doing well on their own." He also said google wouldn't go after Facebook unless they came to "talk to us." And it sounded like they certainly haven't approached them yet.
Sony Ericsson, the world's fourth-biggest mobile phone maker, missed expectations with a 55 percent jump in quarterly profits after it shifted focus to sales of lower-priced phones to gain market share.