NEW YORK (Reuters) – Expert network firms, currently the focus of a major U.S. insider trading investigation, have never had to work too hard to find midlevel corporate executives willing to moonlight as paid consultants.
With consultants earning anywhere from $200 to $1,000 an hour for a meeting with hedge fund traders, working for an expert network firm — an intermediary company that matches industry consultants with hedge funds — is an easy way for an executive to pad his bank account.
NEW YORK (Reuters) – Electronic Arts (ERTS.O: Quote, Profile, Research, Stock Buzz), hurt by an industry-wide slump in video game sales, wants to become a big player in a new game — social and mobile media.
EA is the top publisher of games by revenue on Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPad and iPhone, and is concentrating more on its digital business. Sales of the more costly packaged games, like its “Tiger Woods PGA Tour” golf game, have taken a beating since the beginning of the recession.
NEW YORK, Jan 20 (Reuters) – Ricoh Co (7752.T: Quote, Profile, Research, Stock Buzz) will invest
$300 million to bulk up its document management business,
capitalizing on corporate demand for services such as paper
scanning and storage while cutting its reliance on printer
The Japanese company, which will make the investment over
the next three years, is the latest of a string of rivals
including Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) and Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) to announce
expanded offerings to corporate clients. [ID:nSGE6811BK]
NEW YORK (Reuters) – A top Nintendo Co Ltd executive said reaction to a health warning on its new 3D handheld game player was overblown, portraying as routine the warning that hit its shares two weeks ago.
Nintendo had warned that its 3DS, set to go on sale March 27 in the United States, could harm young children’s eyes, and advised that children 6 years old or younger play games only in 2D mode.
Holy MMO, Batman! Sony Online Entertainment sure hopes DC Universe Online — the splashy new massively multiplayer online game that hit stores today – won’t share the fate of the caped crusaders’ legions of arch-villains over the past few decades.
Fans willing to shell out $59.99 upfront and then $14.99 a month can create their very own superhero and play — on PCs or Playstation 3s — much-loved characters from Superman to Batman and Wonder Woman, in locales eerily familiar to comic geeks from Metropolis to Gotham City.
NEW YORK (Reuters) – GameStop Corp’s same-store sales during the holiday season rose a less-than-expected 3.4 percent, sending its shares lower on Thursday.
“This was slightly disappointing,” said Wedbush Securities analyst Michael Pachter, who had been expecting at least a 5 percent increase in same-store sales for the biggest U.S. video game retailer.
NEW YORK, Jan 6 (Reuters) – GameStop Corp’s (GME.N: Quote, Profile, Research, Stock Buzz) sales
during the holiday season topped last year’s, as new products
like Microsoft’s Kinect motion controller revived customers’
spending in its stores.
The biggest U.S. video game retailer said sales for the
holiday period — the key season for retailers — totaled about
$3.02 billion, a 5.4 percent increase from a year earlier.
NEW YORK (Reuters) – Toymaker Mattel Inc (MAT.O: Quote, Profile, Research, Stock Buzz) agreed to license its brands, including Barbie, Hot Wheels, and Fisher-Price, to THQ Inc (THQI.O: Quote, Profile, Research, Stock Buzz) for use in its video games for a variety gaming platforms.
The companies did not disclose financial terms of the agreement. The “multi-year alliance” will allow THQ to design games using Mattel brands for consoles, computers, mobile devices and social networks, the companies said.
NEW YORK (Reuters) – Wall Street cheered Motorola’s separation into two companies, sending both their share prices higher on their first official day of trading on Tuesday.
The spinoff of the cellphone division, Motorola Mobility, was decisive action for a company that invented the cellphone, but was left in the dust by Apple Inc and Research In Motion in recent years.
NEW YORK (Reuters) – Investors welcomed Motorola Inc’s rebirth as two independent companies, as shares of both Motorola Mobility and Motorola Solutions rose on their first official day of trading on Tuesday.
Shares of Motorola Mobility, which focuses on the smartphone and TV set-top business, were up 9 percent at $32.88.