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Stock Market & Financial Investment News

News Breaks
January 31, 2013
12:19 EDTTTWO, GMETake-Two slumps after delaying release of Grand Theft Auto V
Take-Two Interactive Software (TTWO) is tumbling after the video game maker announced that its Grand Theft Auto V video game would not be available to consumers until September 17. The game was originally supposed to be launched in Spring 2013. The company said it decided to delay the release in order to develop the game further. In a note to investors earlier today, Piper Jaffray analyst Michael Olson wrote that the delay should not have "an overly material impact on demand" for the game. No other major games are slated to be released in September, so Grand Theft Auto will have little or no direct competition during the month of its launch, according to Olson. Furthermore, the back to school shopping period should increase the buzz around Grand Theft Auto, the analyst wrote. The September launch also leaves the game better positioned to benefit from holiday sales, added Olson, who recommended that investors buy the stock on weakness today. In early afternoon trading, Take-Two sank 98c, or 7.50%, to $12.08. Meanwhile, video game retailer GameStop (GME) fell 78c, or 3.30%, to $22.86.
News For TTWO;GME From The Last 14 Days
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September 30, 2014
08:31 EDTGMEGameStop Technology Institute announce collaboration with AT&T
GameStop (GME) announced that its GameStop Technology Institute business unit is collaborating with AT&T (T) to further its focus on delivering to its brick-n-mortar retail stores technology advancements that drive positive customer experiences and accelerate the pace of change within the retail industry. As part of the relationship, GTI is working closely with AT&T to define the technical capabilities required to enable customers to interact seamlessly and responsibly through their electronic devices with digital product promotional materials (e.g., video game trailers, special discounts, etc.) located on store shelves and within identified product communication zones. To accomplish this, the company is utilizing AT&T Network Services, such as AT&T Business Fiber, so GameStop stores have reliable and scalable speeds.
September 25, 2014
08:02 EDTGMEGameStop nearly doubles seasonal hiring efforts for 2014 holiday season
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September 24, 2014
07:30 EDTGMEB. Riley to hold a tour
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September 18, 2014
11:20 EDTTTWOTake-Two says will be profitable for foreseeable future
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11:16 EDTTTWOTake-Two says best use of cash is game development projects
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07:32 EDTTTWOMKM Partners to hold a conference
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