Take-Two Interactive Software Inc
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Analysts have been forecasting difficult times for the video game industry. But Take Two has managed to buck that outlook. Strauss Zelnick, chairman & CEO at Take-Two Interactive, explains how.
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*Jamil Bouchareb, Daniel Corbin settle civil cases. Jamil Bouchareb agreed to pay about $1.05 million and fellow trader Daniel Corbin agreed to pay about $191,000 in disgorged profit plus interest to settle the SEC's civil cases, after having previously pleaded guilty to related criminal charges.
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Analysts have been forecasting difficult times for the video game industry. But Take Two has managed to buck that outlook. Strauss Zelnick, chairman & CEO at Take-Two Interactive, explains how.
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Check out which companies are making headlines after the bell Monday:
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NEW YORK-- Take-Two Interactive Software Inc. reported a profit in its fiscal fourth quarter, reversing a year-ago loss, as revenue more than doubled on sales of "BioShock Infinite" and other video games. Revenue rose to $299.5 million from $148.1 million.
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Stocks finished flat in lackluster trading Monday after the S&P 500 briefly touched a new all-time high.
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Virgin America said its losses are declining and it could stage an initial public offering as early as next year, TheStreet.com reports.
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U.S. stock index futures pared some losses Monday after the better-than-expected data on April retail sales, but remained in the red following last week's rally that pushed the Dow Jones Industrial Average and the S&P 500 to new record highs.
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Electronic Arts surprised the Street with impressive guidance. The video game industry could get a boost from the next generation of consoles.
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*Activision Blizzard Inc: Credit Suisse raises target price to $19. *Electronic Arts Inc: Credit Suisse raises target price to $20 from. price to $17 from $14; rating neutral.
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By Neha Alawadhi and Malathi Nayak. March 28- Retailer GameStop Corp warned of weak sales this year as customers delay purchases ahead of the arrival of next-generation videogame consoles, but it reported stronger-than-expected quarterly results. GameStop's full-year earnings forecast lagged analysts' estimates by a sizable margin.
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Here are a handful of stocks to watch if small-cap and mid-cap mergers accelerate in 2013. TheStreet.com reports.
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The launch of PlayStation 4 this week is more than the start of a new cycle for Sony, it's an essential step in rebuilding the firm as a corporation.
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It's much too early to dub Nintendo's next-generation videogame system a failure, but it's certainly off to a lousy start.
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Check out which companies are making headlines after the bell Tuesday:
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Why things don't look good for the videogame industry.
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Analysts say the potential impact on major U.S. video game publishers will likely be minimal from China lifting its ban on video game consoles.
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It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
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WASHINGTON, Jan 11- Representatives from the companies that make "first-person shooter" games such as "Call of Duty," "Medal of Honor" and "Grand Theft Auto" met with Vice President Joe Biden on Friday as the Obama administration looks for ways to curb U.S. gun violence.