5 Winners and Losers of the Week in Business
From Best Buy bringing back its disgruntled founder, to GameStop's uninspiring guidance, here's a rundown of the best and worst of this week in the business world.
From Best Buy bringing back its disgruntled founder, to GameStop's uninspiring guidance, here's a rundown of the best and worst of this week in the business world.
There's plenty of news in the coming days, from a leading maker of RVs rolling in with its latest quarterly report to a video game publisher hitting the market with a new game.
Next week, Sony will unveil the PlayStation 4, and it's not just Sony that needs it to be a hit. After a soft sales start for Nintendo's Wii U, and Microsoft's risky plan for the Xbox 720, the whole gaming world should be rooting for the PS4.
U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."
Last week was rough for owners of video game stocks. A bill was introduced in Congress that directs federal agencies to study the influence of violent video games on children. Gamemakers obviously weren't too happy about that: Intense combat games have proven to be the battered industry's biggest hits lately.
This should be a good time for Electronic Arts: Madden NFL 13 and The Simpsons: Tapped Out are selling well, FIFA 13 and Battlefield 3 are expected to be big winners, and digital revenue is up 40%. But the outlook for the video game developer and publisher is actually problematic.
It's time to begin tossing around the virtual pigskin again. Electronic Arts' Madden NFL 13 hit stores on Tuesday. In an industry that has suffered three years of brutal declines, its a rare cause for a celebration -- and the industry doesn't want you to forget it.
GameStop is coming off another disappointing quarter. Sales plunged 11% to $1.55 billion, well short of the $1.61 billion that Wall Street was expecting. Same-store sales fell by a problematic 9.3%.
It's going to be a busy week for retailers as more than a dozen publicly traded chains offer up their latest quarterly financials. But regardless of how popular a diversion shopping is, don't assume that crowded malls are translating into blowout results for major retailers.
If your love affair with Vampire Weekend only lasted for a weekend, or if you're no longer a believer in Justin Bieber, Amazon.com has a way out for you. The online retail giant has added CDs to the long list of used gear it will take in trade.
Best Buy is suffering from falling sales, and it needs a new CEO, but it's not dead yet. Thinking outside the big box, there are ways to get the consumer electronics retailer back on track.
Folks aren't buying video games the way they used to -- and that's a problem for the industry. But if the big players are willing to consider some outrageous strategies, they can buy themselves some bonus lives.
Let's go over some items that will help shape the week ahead for Wall Street: The Hunger Games will give theaters a much needed boost; FuelBand may do the same for Nike; video game sellers hunger for hits; and Tiffany and Oracle will give us clues about the recovery.
If you think a stock will fall, you can still profit on it -- by shorting it: Just sell shares you've "borrowed," then buy them later, ideally at a lower price. But it can be risky. Here are 5 companies you might be tempted to bet that way against -- and shouldn't.
Suddenly, Majesco Entertainment isn't living up to its COOL ticker symbol. Shares of the video game developer and publisher got crushed on Tuesday after it surprised the markets by following its previous three blowout quarters with a loss for Q4.














