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Deutsche Bank is reiterating its Sell rating on shares of Electronic Arts (NASDAQ: ERTS) and $13 price target. In a note to clients, Deutsche Bank writes, "For ERTS, our $13 price target is based on 13x FY12E EPS of $0.55 plus $5.88 in cash per share. This multiple is comparable to a group of...

Matrix Service Company (NASDAQ: MTRX) shares jumped 1.18% to create a new 52-week high of $14.59. MTRX reported better-than-expected Q2 results. Majesco Entertainment Company (NASDAQ: COOL) shares gained 35.54% to touch a new 52-week high of $2.25. COOL reported strong Q1 earnings and lifted...

By 10:00 am, the Dow Jones Industrial Average was down 25.31 points, or 0.21%, to 12,189.07, while the broader Standard & Poor's 500 index had fallen 5.38 points, or 0.41%. The NASDAQ composite index dropped 17.44 points, or 0.63%. Some of the narrow based indexes that are still afloat in the...

Majesco Entertainment Company (NASDAQ: COOL) shares surged 35.54% to $2.25 at 9:45 am. COOL reported strong Q1 earnings and lifted projections for the full year. Cheniere Energy Inc (AMEX: LNG) surged 23.84% to $7.74. LNG shares have jumped 87.69% over the past 52 weeks, while the S&P 500...

Used game complaints and personal info recording have cast a dark shadow on the world's largest retailer of video games. But are they enough to hurt the company's share price? GameStop Corp. (NYSE: GME) is no stranger to lawsuits. In 2006, a handful of store managers sued the company, claiming that...

Majesco Entertainment Company (Nasdaq: COOL), an innovative provider of video games for the mass market, today reported financial results for the first quarter ended January 31, 2011. For the first quarter ended January 31, 2011, Majesco's net revenues were $48.5 million versus $29.2 million in...

Majesco Entertainment Company (Nasdaq: COOL) today appointed Michael Vesey as its Chief Financial Officer.

Perfect World Co. (NASDAQ: PWRD) reported 4Q10 earnings Monday after the close with total revenue coming in at $89.8M, slightly below Oppenheimer's/consensus estimate of $91.0/$90.1M, due to soft performance in online games. GAAP EPS came in at $0.36, below Oppenheimer's/consensus estimates of $0....

Perfect World Co., Ltd. (Nasdaq: PWRD) today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010. Total revenues were RMB593.0 million (USD89.8 million), as compared to RMB658.2 million in 3Q10 and RMB607.9 million in 4Q09 Non-GAAP basic and...

If Take-Two Interactive's (NASDAQ: TTWO) Grand Theft Auto series was the inventor of the open-world action/driving game, then Test Drive Unlimited was the inventor of the first open-world racer. Several game publishers have tried to use that moniker, “open-world,” in their marketing materials. But...

Perfect World Co., Ltd. (Nasdaq: PWRD) today announced that its board of directors has approved a share repurchase program. The board has authorized Perfect World to repurchase up to US$100 million of its own American Depositary Shares ("ADSs") during the period from March 2011 to March 2012.

Kohlberg Capital Corporation (NASDAQ: KCAP) is projected to report its Q4 earnings at $0.17 per share on revenue of $6.53 million. Urban Outfitters Inc (NASDAQ: URBN) is estimated to post its Q4 earnings at $0.52 per share on revenue of $674.92 million Kronos Worldwide Inc (NYSE: KRO) is...

Mad Catz® Interactive, Inc. (NYSE: MCZ) and Electronic Arts Inc. (NASDAQ: ERTS) announced today an agreement to produce branded PC and console videogame accessories based on ‘The Sims™' franchise. The agreement grants Mad Catz non-exclusive rights to produce and market a wide range of videogame...

Glu Mobile Inc (NASDAQ: GLUU) rose 4.03% to $4.90 in the pre-market session. GLUU has launched Deer Hunter 3D on Windows Phone 7. GT Solar International Inc (NASDAQ: SOLR) added 3.29% to $11.30 in the pre-market session. SOLR received an order for furnaces worth $41.6 million from a new customer...

According to Deutsche Bank, Shanda Interactive Entertainment (NASDAQ: SNDA) expect 4Q10 GAAP EPADS of RMB1.86 vs. consensus of RMB2.58. Deutsche Bank reported that the difference is mainly due to tax rate assumption. “We assume a 38% tax rate for 4Q as we expect Ku6 to contribute similar loss in 4Q...