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Activision Blizzard Shoots Past Its Earnings Targets

Activision Blizzard posted better-than-expected fourth-quarter results thanks to strong holiday sales of Call of Duty: Modern Warfare 2 -- last year's best-selling video-game title. The company also initiated a dividend and announced a $1 billion share repurchase program.

Icahn Buys Big Stake in Take-Two

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.