Amid music game sales increases, the company closes Guitar Hero developer Vicarious Visions.
Activision Blizzard Inc's first-quarter outlook was below Wall Street expectations and it said would disband the unit that makes Guitar Hero music games, sending its shares down 8 percent.
ThinkEquity has said that Activision Blizzard, Electronic Arts, Take-Two Interactive and Changyou.com are its top gaming stock picks for 2011.
A deep chill set in across much of the central U.S. on Wednesday as a major storm moved toward the northeast, bringing heavy snow, ice, wind chills and severe weather.
The Milwaukee blizzard set to hit Wisconsin on Tuesday night will bring high-speed winds reaching up to 55 miles per hour, nearly a foot of snow and bitterly cold temperatures.
A big blizzard making its way through the central United States has significantly affected air travel, with nearly 8,000 flights having been cancelled on Tuesday and Wednesday.
A Major blizzard is expected to hit at least nine Midwest and plain states on Tuesday and Wednesday with a potential of one to two feet of snow, National Weather Service reports.
Emergency school closings have been reported from Chicago due to the blizzard warning issued by the National Weather Service.
The National Weather Service said that a major blizzard is developing late Monday over Texas that will move north east past Tulsa, St. Louis and Chicago over the next two days.
Many top U.S. retailers missed Wall Street's expectations for December sales, hurt by a post-Christmas blizzard on the East Coast and shoppers returning to their cautious ways after flocking to stores after Thanksgiving.
Several top U.S. retailers missed Wall Street's high expectations for December sales as a paralyzing post-Christmas blizzard on the East Coast slowed what had been a two-month shopping spree.
Retailers have not recouped all of the $1 billion in sales postponed by shoppers as they dug out from last month's East Coast blizzard, research firm ShopperTrak said on Wednesday.
A blizzard in the Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday.
U.S. retailers might have lost $1-billion in post-Christmas sales due to the massive blizzard that struck the Northeast over the weekend, according to a report from ShopperTrak, the retail sales analysis firm.
A blizzard in the U.S. Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday.
The Blizzard of 2010 has left thousands of people stranded in airports, on roadways and in unplowed neighborhoods throughout the northeast.
The two-day blizzard that hit the East Coast on Sunday left behind a trail of disruption involving blockage of some major roadways, cancellation of a number of flights and complete suspension of rail services.
Basili Alukos, an equity analyst at Morningstar, estimates that U.S. airlines may lose between $130-million and $190-million of revenues per day due to the winter blizzard.
The snowstorm in the Northeastern U.S. that dropped several inches of snow was the result of a combination of an unusually cool Pacific Ocean and smaller than normal pressure differences between the North and South Atlantic.
A major snowstorm on the East Coast kept many shoppers home just after Christmas, casting a pall on the final act of the holiday sales season.
A full-blown blizzard pounded the northeast from yesterday into today, making roadways hazardous, shutting down transit systems and causing at least one state government to declare a state of emergency.
As the season’s first snowstorm hit New York on Sunday, travel by road, rail and air came to a halt on a weekend, which is usually one of the busiest traveled weekend because of Christmas holidays.
