Connect to share and comment

Sony sells more than 7 million Playstation 4 consoles

SAN FRANCISCO (Reuters) - Sony Corp sold more than 7 million PlayStation 4 units as of April 6 and is struggling to keep pace with demand for the video game console, the company said on Wednesday. "Although we are still facing difficulties keeping up with the strong demand worldwide, we remain steadfast in our commitment to meet the needs of our customers," Andrew House, president and group chief executive officer of Sony Computer Entertainment, said in a statement.

Family Dollar to cut jobs, close about 370 stores as it tries to improve financial performance

MATTHEWS, N.C. - Family Dollar plans to cut some jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also lower prices on about 1,000 basic items. Family Dollar did not provide details on how many jobs were expected to be eliminated. The chain said the store closings and job cuts should reduce annual operating expenses by $40 million to $45 million, starting with the fiscal third quarter. Family Dollar Stores Inc. currently has more than 8,100 stores in 46 states.

GameStop shares fall as 2014 forecast disappoints

By Abhirup Roy and Malathi Nayak (Reuters) - Video game retailer GameStop Corp on Thursday forecast full-year earnings below market expectations as it is yet to see an uptick in sagging video game software sales, despite robust hardware sales driven by the launches of Microsoft's Xbox One and Sony's PlayStation 4 consoles. GameStop shares fell as much as 9.3 percent, making the stock one of the top percentage losers on the New York Stock Exchange, before paring losses to close down 4.0 pct at $37.33.

Lululemon gets back to its roots to win back customers after recent missteps

Lululemon Athletica Inc. (Nasdaq:LULU) says it plans to get back to "what it does best" by creating great products and engaging customers as it seeks to win back their love and put last year's missteps behind it. "We've reflected on last year and we've learned from last year and we've done that with humility," chief executive Laurent Potdevin said during his first earnings call since taking over from Christine Day in January.

Managers seek to balance morale, productivity during NCAA basketball tournament

LOS ANGELES, Calif. - Every year, the NCAA college basketball tournament gives employees a reason to goof off at their desks and root for their alma maters. But there's a growing source of potential headaches for bosses. Media companies like hosts CBS Corp. and Time Warner Inc.'s Turner are doing all they can to promote so-called TV Everywhere services, which add value to cable and satellite TV packages by allowing subscribers to watch live TV on smartphones and tablets while on the go — and on the job.

Global recording industry optimistic despite revenue fall

By Michael Roddy LONDON (Reuters) - Top executives of the global recorded music industry said on Tuesday they were optimistic about growth despite figures for 2013 showing an almost 4 percent annual decline in revenues to $15 billion, blamed largely on the Japanese market. The drop-off followed figures in 2012 which showed the industry, hard hit by illegal downloads and music piracy, registering its first revenue gains since 1999, to $16.5 billion.

Global recording industry optimistic despite revenue fall

By Michael Roddy LONDON (Reuters) - Top executives of the global recorded music industry said on Tuesday they were optimistic about growth despite figures for 2013 showing an almost 4 percent annual decline in revenues to $15 billion, blamed largely on the Japanese market. The drop-off followed figures in 2012 which showed the industry, hard hit by illegal downloads and music piracy, registering its first revenue gains since 1999, to $16.5 billion.

China's Giant Interactive to go private for $3 bln

New York-listed Chinese online game developer Giant Interactive said Monday it had agreed to be taken private by its parent, backed by a consortium which will fund the $3 billion purchase. The parent would acquire the listed unit at $12.00 per share, 2.1 percent higher than the previous proposal of $11.75 offered in November last year, the Shanghai-based company said in a statement on its website. The latest price represented a 5.3 percent premium from Giant Interactive's closing price of $11.40 on the New York Stock Exchange on Friday.

Fetching 'Peabody & Sherman' tops box office with $21.2M

LOS ANGELES, Calif. - Chasing down the top spot at the box office after debuting at No. 2 last week, "Mr. Peabody The DreamWorks animated film about the time-travelling adventures of a genius dog and the human son he adopted earned $21.2 million, according to studio estimates Sunday. The kiddie-jaunt features voices from "Modern Family" stars Ty Burrell and Ariel Winter. Warner Bros.' warrior drama "300: Rise of an Empire" dropped to the second place slot with $19.1 million after debuting at No. 1 last weekend.

After the Zynga flop, all eyes on King's coming-out party

By Malathi Nayak and Gerry Shih SAN FRANCISCO (Reuters) - King Digital Entertainment Plc struck gold with "Candy Crush Saga," the runaway hit that made its way onto hundreds of millions of smartphones and spawned a $1.5 billion franchise. Now, the rest of the smartphone game industry is waiting to see if King can pull off a coup in the public markets - and perhaps spur a mobile gaming IPO rush in the process.
Syndicate content