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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:09 EDTGMEGameStop to close 250 stores this year, SlashGear reports
GameStop (GME) CFO Rob Lloyd spoke at the Goldman Sachs Technology and Internet Conference and announced that the company plans to close 250 stores this year, SlashGear reports. The company will also open up 60-70 new stores during the same period. 200 of the stores to be closed are located in the U.S. Lloyd also says GameStop has acquired 40 shut-down GAME stores in France. Reference Link
News For GME From The Last 14 Days
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July 30, 2014
06:05 EDTGMEEA service to not impact GameStop for several years, says Piper Jaffray
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July 29, 2014
15:42 EDTGMEElectronic Arts is not a competitive threat to GameStop, says SunTrust
15:03 EDTGMEGameStop to benefit from Electronic Arts' new service, says Stifel
Stifel said GameStop (GME) has plans to sell Electronic Arts' (EA) new service in its stores and does not expect any short-term impact for the company.
14:35 EDTGMEGameStop pullback on Electronic Arts news overdone, says B. Riley
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13:58 EDTGMEGameStop turns negative after EA announces subscription game service
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July 22, 2014
12:42 EDTGMEGameStop teases 'big announcement' for tomorrow
On its official corporate Twitter feed, GameStop announced it has a "Big announcement coming tomorrow" along with a pixelated obscured image. Reference Link
July 18, 2014
07:22 EDTGMETotal 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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July 17, 2014
09:27 EDTGMEGameStop valuation compelling, says BofA/Merrill
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