TTWO

Electronic Arts, the largest video game maker in the U.S., has released new guidance, and the numbers were awful. GAAP sales for its fiscal 2010, which ends in March, will be well below its November forecasts.

Take-Two Interactive, publisher of popular video games such as Grand Theft Auto, announced disappointing earnings Thursday. But that didn't deter Carl Icahn from buying an 11 percent stake in the company the same day.

In February 2008, Electronic Arts (ERTS) offered to buy Take-Two Interactive (TTWO) for $2 billion, about $19 a share. EA later raised the offer to $26. Take-Two management thought it could do better and EA let the offer expire in August of that year. The transaction would have made sense for both...

BioShock is an insane video game. It takes place in the underwater city of Rapture. The player gets to fight denizens of the metropolis using a wide array of weapons. Part of the fun of the game is setting opponents on fire. Perfect violence. The kind of game you can play all day. Take-Two...

The following post rounds up the companies making headlines today: General Motors (GM) said its offer to exchange more than $27 billion in debt for equity has expired, and any accepted exchange offers will be returned to bondholders unconsummated. With bondholders rebelling against the offer, the...

UBS (UBS) revised its 2008 loss wider by around $1 billion, and said earnings will be at risk for some time to come. Switzerland's biggest bank, posted a 20.9 billion Swiss franc ($18 billion) loss for 2008, 1.19 billion francs wider than figures reported on Feb. 10, and said it remains "extremely...