NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Anheuser-Busch InBev, up $1.36 to $110.96. The owner of KFC, Pizza Hut and Taco Bell cut its outlook for the year, citing a slower-than-expected comeback for its China unit.» Read More
The largest entertainment launch of the year wasn’t enough to push video game sales into positive territory in November, raising concerns about the overall health of the industry.
Many investors are too conservatively positioned to the end of the year, said Thomas Lee, chief U.S. equity strategist at JPMorgan. He told investors where they should be looking.
Take Two Interactive Software has always fought against its reputation as a company with one bullet in its gun: the Grand Theft Auto series. In recent years, it seemed to be making some headway in those efforts, building a number of strong, if not super-powered, franchises that were far removed from its flagship title.
A brewing price war over video games is taking its toll on the industry’s top specialty retailer.
In many ways, MySQL embodies the ideals of the populist software movement known as open source, in which a program’s creator releases it to the world free of charge, and legions of volunteers contribute improvements that are also freely shared.
To say “Call of Duty: Modern Warfare 2” is a hit is akin to calling the Atlantic Ocean a bit humid. The video game has shattered sales records throughout the entertainment industry – besting other games, films and books.
The television industry has known for years that video games are a threat to viewership, but a new pilot program might finally give some insight into exactly how big that threat is.
Identity fraud has been on the rise, as criminal cunning may be mixing with desperation during the downturn. But a new breed of products is tackling the trickier matter of preventing identity theft, says the New York TImes.
A video making the rounds online shows employees at a Microsoft store in California busting out a lame version of the electric slide set to the Black-Eyed Peas’ “I Gotta Feeling.” It makes you wonder: If Apple's won the cool game, is Microsoft trying to corner the market on cringe?!
Sales of Activision Blizzard's latest game is breaking gaming records and giving Hollywood a run for its money, literally.
With a crucial holiday approaching for video game makers, Reggie Fils-Aime, President and COO of Nintendo America, said he expects the close release dates of big-name titles "Call of Duty" and "Super Mario Bros. Wii," out Sunday, to revive the industry from its sales lag.
After a brief sales increase in September, video game sales took another nosedive in October — but the bad news may finally be over.
On the surface, a video game opening a virtual pet store doesn’t sound like something investors should care too much about. But when that game is “World of Warcraft,” the stakes change.
Analysts expect the game could sell 4.5 to 5 million copies globally on its first day. That would shatter the 3.6 million record currently held by Take Two Interactive Software's "Grand Theft Auto IV" — and it would mean revenues of $270 million to $300 million for Activision.
While there are now over 100,000 apps in the Apple App store, the vast majority of them were created on a shoestring budget. With customers flocking toward lower-priced program, it just doesn’t make business sense to spend big development dollars—especially on games, the App store’s most crowded category.
Activision Blizzard CEO Robert Kotick said a change in the video game maker's release schedule caused the company to forecast a weaker than expected fourth quarter, but he spoke confidently about the upcoming release of games such as DJ Hero and Band Hero.
Microsoft says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January.
The third quarter of 2009 was a pretty horrendous one for the video game industry. Year over year sales plummeted amid a lack of ‘must have’ games. Now, as earnings season draws near, game makers are about to face the consequences.
Even amid the contraction of the venture capital industry, which fertilizes the seeds of new technology start-ups, some firms are expanding.
There’s a transition occurring in the tech sector. The traditional sector bellwethers—computer hardware, desktop software, consumer electronics—are no longer the areas of growth. Instead, it’s all about the enterprise.
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Matt Hunter is the senior technology editor at CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.