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Video Game 'Madden NFL 13' Sells Record 900K Copies In One Day

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Electronic Arts Inc. said in a statement Thursday that "Madden NFL 13," the latest iteration of its iconic football video game franchise, sold about 900,000 in its first 24 hours on retail shelves. Citing "internal estimates," EA said the sale was a 7 percent increase from last year's launch, making it the highest-performing launch title for the franchise for the console generation.

Knight Accepts Nasdaq's $62 Million Facebook Payback Plan

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After initially criticizing Nasdaq OMX Group for its response to Facebook's botched initial public offering, trading firm Knight Capital Group Inc said it accepted the exchange's latest plan to pay back brokers a portion of their losses.
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Nikkei Stock Exchange

Asian Markets Fall On Weak Japan, South Korea Data

Asian markets fell Thursday as investors' concerns about the weakening global economy was revived by the declining Japanese retail sales and disappointing South Korean manufacturers' confidence data.
Harry Potter

Harry Potter Banned By Australian School As 'Un-Christian'

10 years after its initial publication, "Harry Potter" is still being banned in some communities for allegedly promoting unchristian-like values. Medowie Christian School, a co-ed K-10 school in New South Wales supported by the Medowie Baptist Community Church, is the latest school to take issue with the popular fantasy series; the Potter series has not only been banned from their school's library, but students participating in a recent parade for "Book Week" were also forbidden f...
Tiffany

Tiffany Lowers Profit Forecast, Shares Rally Anyway

When Tiffany & Co. (NYSE: TIF) cut its fiscal year sales and earnings guidance for a second straight quarter on Monday, stock in the company rallied over 7 percent. The reason: investors think the worst is over for the New York-based jeweler.
William Ackman, Hedge fund manager and the founder of Pershing Square Capital

Bill Ackman Strikes Again With General Growth Properties Bid

Bill Ackman, the mercurial hedge fund manager of Pershing Square Capital LLP and activist investor, is at it again. Ackman said in a regulatory filing Thursday that his company had been in talks with Simon Property Group Inc. (NYSE: SPG), the largest U.S. mall owner, regarding a takeover of General Group Properties Inc. (NYSE: GGP), its next largest rival.
Sad Clown

What Is The ‘Misery Index’ Saying About Obama's Re-Election Chances?

An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
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Asian Shares, Euro Rise After Fed Easing Hopes

Asian shares rose and the euro hit a seven-week high Thursday as the Federal Reserve's minutes raised the prospect for more U.S. stimulus while uncertainty continued over progress in Europe's debt crisis, including the European Central Bank's bold action.
Bank staff begin 2-day

Bank Staff Begin 2-Day Strike Against Reforms

Bank employees in India began a two-day strike on Wednesday to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector.
A Best Buy store in Westminster, Colo.

Best Buy Obituaries Already Being Written

Market watchers are writing the obituary for struggling big box electronics retailer Best Buy Co. (NYSE:BBY), whose share price plunged to a nearly four-year low on Tuesday, even as stakeholders waited to see if the new CEO can live up to his reputation.

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