Take-Two’s profit, sales beat Street
NEW YORK (Reuters) – Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research, Stock Buzz) posted a quarterly profit as sales of its hit sports game “NBA 2K11″ helped it weather a year without a new version of its blockbuster franchise “Grand Theft Auto.”
Shares of Take-Interactive rose 7.5 percent in after-hours trading on the Nasdaq on Thursday.
Analysis: Gorilla Glass could become Corning’s King Kong
NEW YORK (Reuters) – Corning Inc has developed a clean, razor thin glass that is sturdy enough to withstand everyday scratches — a dazzling breakthrough that has done little for its bottom line.
But Corning’s efforts could soon start paying off thanks to the explosive demand for touchscreen devices such as Motorola Inc’s Droid phones and Samsung Electronic Co Ltd’s Galaxy Tab that need tough, scratch-resistant glass.
DirecTV to pay out $14.25 million to states
NEW YORK, Dec 15 (Reuters) – DirecTV Group (DTV.O: Quote, Profile, Research, Stock Buzz) will pay
$14.25 million to all 50 states after a two-year investigation
showed the satellite provider violated consumer practices with
hidden fees and misleading advertisements.
“This was classic bait and switch — hooking consumers with
phony discounts and then hitting them with hidden charges,”
said Connecticut Attorney General Richard Blumenthal in a
statement on Wednesday.
Buyers shrug off 3D, Internet TVs
NEW YORK (Reuters) – Fancy new features like 3D screens and Internet connectivity have failed to inspire U.S. television shoppers, dashing a hoped-for recovery in the global consumer electronics industry.
TV manufacturers such as Sony Corp, Samsung Electronics Co Ltd and Sharp Corp are learning that features such as razor-thin LED TVs are just not enough to stage a comeback in the United States.
U.S. buyers shrug off 3D, Internet TVs
NEW YORK, Dec 14 (Reuters) – Fancy new features like 3D
screens and Internet connectivity have failed to inspire U.S.
television shoppers, dashing a hoped-for recovery in the global
consumer electronics industry.
TV manufacturers such as Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz), Samsung
Electronics Co Ltd (005930.KS: Quote, Profile, Research, Stock Buzz) and Sharp Corp (6753.T: Quote, Profile, Research, Stock Buzz) are
learning that features such as razor-thin LED TVs are just not
enough to stage a comeback in the United States.
[ID:nN29123568]
Howard Stern in 5-year deal with Sirius XM
NEW YORK, Dec 9 (Reuters) – Howard Stern will be shocking
Sirius XM Radio Inc (SIRI.O: Quote, Profile, Research, Stock Buzz) listeners for at least five more
years, news that pushed the satellite radio company’s shares up
more than 6 percent.
Under a new contract announced on Thursday, Stern will be
broadcasting until Dec. 31, 2015, and the shock jock’s content
will be available for the first time on mobile devices, Sirius
XM said in a statement.
Forget-me-not: RIM’s half-ready PlayBook vies for attention
Research In Motion’s upcoming PlayBook tablet device made a live guest appearance on home turf today at a Toronto press conference on how these devices that fall between smartphones and laptops will change life as we know it.
When it comes to real-world uses for tablets, most examples understandably came from Apple’s iPad, the old man on the block at eight months old.
“Jackass 3D” tops “Avatar” on Viacom Chief’s movie list
“My favorite 3D movie of all time is Jackass 3D,” Viacom’s Chief Executive Philippe Dauman said on Wednesday at Reuters Global Media Summit. The movie, which grossed $116 million in the United States, according to Box Office Mojo was “relatively low cost” and “significantly profitable,” Dauman said. “You’ll see more of that coming.”
What else might the future hold for Viacom in 3D? Possibly Snooki.
Reuters Breakingviews columnist Rob Cox asked Dauman if audiences can soon expect a Jersey Shore in the third dimension.
DirecTV offers basic packages to boost growth
NEW YORK (Reuters) – DirecTV Group plans to expand its customer base by offering cheaper TV packages with fewer channels and exploring new ways of bundling Internet access with its satellite TV service, the company’s top executive said on Thursday.
Chief Executive Mike White said at the company’s investor day in New York that the satellite provider will try to grab market share from its cable rivals by offering fewer channels at a lower price in a pilot program next year in a few markets.
EA to winnow game slate again
NEW YORK (Reuters) – Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz) expects to cut its slate of video game titles by as much as 40 percent next year as the company continues to invest heavily in its small but fast-growing digital and online businesses.
EA is making a big bet on mobile and Internet-based games, as sales of traditional packaged titles — which generate about 75 percent of EA’s revenue — continue to slump across the industry.
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