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Goldman Sachs has initiated coverage on Giant Interactive Group (NYSE: GA) witha Buy rating.

November video game software sales rose 3.8% Y/Y on a -3% comp. Call of Duty: Black Ops, Assassin's Creed: Brotherhood, Madden NFL 11 and Fable III were leading titles in the month. For December, Piper Jaffray is forecasting video game software sales will decline near 5% Y/Y. From a stock...

Giant Interactive Group Inc. (NYSE: GA) today announced the recent appointment of David Feng Yu as independent director. Mr. Yu will replace Paul C.Y. Chu, who has resigned due to personal reasons.

A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) announced that its subsidiary Changyou.com Ltd (CYOU) has begun open-beta testing of San Jie Qi Yuan, Changyou's second 2D turn-based cartoon-style, a massively multi-player online role-playing game (MMORPG) on December 3,...

A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) announced that its subsidiary Changyou.com Ltd (CYOU) has begun open-beta testing of San Jie Qi Yuan, Changyou's second 2D turn-based cartoon-style, a massively multi-player online role-playing game (MMORPG) on December 3,...

Below are the top mid-cap multimedia & graphics software stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Rovi Corporation (NASDAQ: ROVI) for the next year ending December, 2011 is $2.49 per share. ROVI's quarterly revenue surged 20.50...

DICE, an Electronic Arts Inc. (NASDAQ: ERTS) studio today announced that Battlefield: Bad Company 2 Vietnam, the digital expansion multiplayer pack for the mega-hit Battlefield: Bad Company 2 will be available exclusively at the EA Store and Steam on December 18, 2010 for the PC and on December 21...

Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: American Tower Corp (AMT) Astronics Corp (ATRO) The Cheesecake Factory (CAKE) Electronic Arts (ERTS) HDFC Bank (HDB) View the entire Zacks #1 Rank List. AMER TOWER CORP (AMT): Free Stock Analysis Report ASTRONICS CORP (ATRO...

Chesapeake Energy Corporation (NYSE: CHK) was downgraded by Argus from "hold" to "sell." CHK's stock closed at $22.05 yesterday. Chesapeake Energy's 52-week trading range is $19.49-$28.92 Shanda Interactive Entertainment Ltd (NASDAQ: SNDA) was downgraded by Auriga from "buy" to "hold." SNDA's...

Analysts at Auriga downgrade Shanda Interactive Entertainment Ltd (NASDAQ: SNDA) from "buy" to "hold." The target price for SNDA has been reduced from $51 to $41. SNDA's shares gained 0.40% to close at $40.00 yesterday. More Analyst Ratings here

Shanda Interactive (NASDAQ: SNDA) is downgraded from Buy to Hold at Auriga U.S.A. The price target is lowered from $51 to $41.

Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: American Tower Corp (AMT) Astronics Corp (ATRO) The Cheesecake Factory (CAKE) Electronic Arts (ERTS) HDFC Bank (HDB) View the entire Zacks #1 Rank List. AMER TOWER CORP (AMT): Free Stock Analysis Report ASTRONICS CORP (ATRO...

Video-game developer and distributor Electronic Arts (NASDAQ:ERTS) followed the rest of the market lower on Tuesday, dipping 3.6% to approach a six-month low by the closing bell.  In the past year, the stock has underperformed the broader market indices, giving back about 14%. Some investors may...