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Stock Market & Financial Investment News

News Breaks
January 8, 2014
08:04 EDTSNE, GMEGameStop weakness creates buying opportunity, says Oppenheimer
After GameStop (GME) fell more than 8% following Sony 's(SNE) announcement that it plans to soon launch a video game streaming service, Oppenheimer does not see the news as an imminent negative factor for GameStop's business. The firm thinks the feasibility of Sony's new system is questionable at best, and it keeps an Outperform rating on GameStop.
News For GME;SNE From The Last 14 Days
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July 18, 2014
07:22 EDTGME, SNETotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTGMEJune NPD video game software sales fell 3%, says Piper Jaffray
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06:06 EDTSNEXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link
06:06 EDTSNESony confirms PlayStation4 is top selling next-gen consol in June for U.S.
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July 17, 2014
09:27 EDTGMEGameStop valuation compelling, says BofA/Merrill
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July 16, 2014
06:14 EDTSNEABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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July 15, 2014
11:35 EDTGMEGameStop management to meet with BB&T
Meetings to be held in New York July 22-23 hosted by BB&T.
06:30 EDTSNEDOJ investigating music publishing, possible price coordination, WSJ reports
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06:11 EDTSNESamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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July 14, 2014
06:42 EDTSNE'Dawn of the Planet of the Apes' leads box office with $73M opening, WSJ says
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06:10 EDTSNETaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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July 13, 2014
15:54 EDTGMEGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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July 11, 2014
06:57 EDTSNESony threatens to stop using Ascap, BMI, NY Times says
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06:42 EDTSNESoundcloud, record labels get closer to agreement, Bloomberg says
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06:33 EDTGMEGameStop CEO says retailer won't mess with creative direction, CNet reports
GameStop CEO Paul Raines said the company will not tamper with the creative direction, reports CNet. The company, however, is in the early stages of talking with game publishers about funding exclusive game content for customers. Reference Link
July 10, 2014
11:02 EDTSNEWi-LAN, Sony enter license agreement
Wi-LAN (WILN) announced that the company and Sony (SNE) have entered into a multi-year license agreement related to WiLAN's portfolio of television technologies. The agreement includes certain 3D television technology developed by SENSIO Technologies. SENSIO's S2D Switch technology is exclusively available from WiLAN. All remaining terms of the license agreement are confidential.
06:18 EDTSNEIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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July 9, 2014
10:27 EDTGMEGameStop calls active on renewed takeover chatter
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10:23 EDTGMERumor: GameStop moves up on renewed takeover chatter
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06:39 EDTSNEGlobal LCD TV shipments to increase to 210.8M units in 2014, DigiTimes says
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