Some of the names on the move ahead of the open.» Read More
A liquidity injection from the Fed sent stocks to their highest levels in half a decade as investors were left wondering if the rally can continue into Wednesday. Playing the rally, what to do with oil, breaking news on Bear Stearns and more in the Word on the Street.
Take Two Interactive Software reported a deeper loss, but the video game publisher's shares rose as the company projected an improved profit outlook.
For the week ending Friday, March 07, 2008 the US Markets all ended the week down close to 3% or greater. The Dow closed below 12,000, the NASDAQ breached its 52-week low, and the S&P 500 closed below 1300 for the first time since September 11, 2006. In contrast commodities continue to hit new record highs, and the US dollar fell to record lows on a weak economy. Bernanke hinted at further rate cuts, the ECB held rates steady, and jobs unexpectedly fell, heightening fears that the US economy has hit a recession. Many economists are no longer questioning a recession, but how long it will last.Next week, the markets will watch for Retail Sales on Thursday and earnings from some of the smaller retailers, while inflation watchers await the CPI report on Friday, seen rising again in February. If consumer prices rise beyond comfort levels, the spectre of stagflation, price inflation amidst weak economic growth, will again rear its head.
Following are the week’s biggest winners and losers. Find out why shares of Burger King and Take-Two popped while Freddie Mac and Motorola dropped.
The incredible shrinking dollar and fired-up commodities markets will be features again on Friday when the markets have another look at fresh inflation data.
Take-Two Interactive Software said on Thursday it has received informal inquiries but not written offers concerning potential business combinations since Electronic Arts proposed a $1.9 billion acquisition.
In the midst of all this craziness on the market today, including Apple's turnaround, Google's plunge, and IBM's big news of a stock buyback and raised guidance, the news yesterday of the unsolicited bid from Electronic Arts for Take-Two Interactive seems, well, so yesterday.
Forget Howie Mandel, we’ll tell you about all the M&A chatter and how you can profit.
Electronic Arts is going hostile on rival video-game maker Take Two. What's the best way for you to play this game? Pete Najarian has all your options.
Stocks closed sharply higher after Standard & Poor's reaffirmed the triple A ratings on two big bond insurers, sparking an explosive rally.
More trouble from the financial sector threatened yet again to thwart a mild rally on Wall Street.
Stocks moved into positive territory despite more signs of weakness in the housing market, as Genentech led pharmaceuticals higher.
U.S. video game giant Electronic Arts Sunday said it had made an unsolicited $1.9 billion offer for "Grand Theft Auto" publisher Take-Two Interactive Software, escalating its battle with Activision for the title of biggest video game maker.
Electronic Arts is desperate; and desperate times call for desperate measures. Look no further than the company's multiple bids for Take-Two Interactive, a company with such a checkered financial past, pandering to the lowest common denominator of entertainment, but that apparently commands a 64 percent premium that in Take-Two's estimation still isn't enough.
So we've just learned that Electronic Arts made a $2 billion bid to take over Take-Two last Tuesday. EA went public with the news Sunday after Take Two's board denied the deal. The notion of such a deal probably makes sports gamers cringe, much in the same way that trading card buffs feared Upper Deck's attempts at buying Topps last year
Video games are full of action and adventure, but the stocks of companies that make them look surprisingly safe to Kaufman Brothers cable and satellite analyst Todd Mitchell.
Video games and TV shows are not child's play to Darren Chervitz. They're serious investments, getting especially close scrutiny as the Consumer Electronics Show previews the future in Las Vegas.
Our traders are good - but you knew that! Check out their latest picks that paid.
Take-Two Interactive Software said on Tuesday it cut its quarterly net loss in half, but the publisher of games such as "BioShock" gave an outlook that fell short of Wall Street expectations, and its shares fell 4 percent in after-hours trade.
The trade as foreign firms rush to snap up American companies. Who will be targeted next by foreign buyers with a strong currency on their side?