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Awful Guidance for Electronic Arts

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.

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.