5 Winners and Losers of the Week in Business
Among the wins and losses in business this week: the well-timed announcement of a bar-raising new cruise ship and a painful computer failure at a major airline.
Among the wins and losses in business this week: the well-timed announcement of a bar-raising new cruise ship and a painful computer failure at a major airline.
Goldman Sachs expects the S&P index to hit 1625 this year, and Morgan Stanley (MS) raised its target to 1600. Both had been pretty bearish on the market. The S&P closed yesterday at 1552.
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.
Hurricane Sandy may have closed the trading floor of the New York Stock Exchange Monday, and possibly longer, but trading will continue on the Big Board electronically, and that means there's still stocks worth watching: Sirius XM Radio, for example.
Zynga's stock has shed more than two thirds of its value since the company went public at $10 just nine months ago, but now the online gamemaker is in the news for something that may actually be good.
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.
Social gaming on Facebook was the Next Big Thing last year. This year? Not so much. Online gaming powerhouse Zynga saw its numbers stumble in the second quarter. Yet Amazon.com is entering the business anyway.
It was another happy quarter for Disney: The family entertainment giant delivered $9.6 billion in revenue, 6% ahead of where it was a year earlier, and beat analysts' targets. But let's check out the real hidden gems in Disney's earnings report.
What will help shape the week that lies ahead on Wall Street? Video game companies will let us know the score; satellite TV providers will give us a signal; Tesla and Priceline are traveling forward; and Johnny Depp and Tim Burton could put some teeth in the year's box office numbers.
After a March Madness-like five-round poll, the Consumerist.com voters have picked the worst company in the country. And you may be surprised by which one beat out such hated corporate heavyweights as Bank of America, AT&T and Walmart.
Zynga is the undisputed king of social gaming for Facebook and smartphones, and its stock price gives it a market cap nearly as big as video game leader Activision Blizzard. But at less than 5 years old, has the bulldog already jumped the shark?
The latest news on the video game front isn't pretty. Media tracker NPD Group's data reveals that industry sales plunged 21% last month. It's clear that the industry is undergoing a radical shift, but for investors, the more important issue is why.
If you're not familiar with Zynga, the undisputed champ of social gaming, odds are that you're not a fixture on Facebook or into smartphone app gaming. This month, it rolls the dice on a big public offering. Are you game?
In August, the Second Life community learned that the company responsible for their virtual world was planning to expand its universe. Linden Lab CEO Rod Humble has been vague, mentioning only that his company is working on a new mobile product separate from its pioneering project. Now we know more.














