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Business 02 Jan 2016 | 12:00 AM

We’re no RadioShack, says Gamestop

MARLON Gomez likes his video-game discs. The 41-year-old shipping worker, shopping recently at a GameStop in Los Angeles, said he can lend them out or bring them to friends’ homes, which he can’t do with a download. He can also sell used games back to the company.

Corporate News 10 Dec 2015 | 10:54 PM

Buybacks enrich the bosses even when business sags

NEW YORK: When health insurer Humana Inc reported worse-than-expected quarterly earnings in late 2014 – including a 21 percent drop in net income – it softened the blow by immediately telling investors it would make a $500 million share repurchase

Business 13 Jun 2014 | 9:14 AM

Disney sees Infinity game's retail sales hitting US$1bil

LOS ANGELES: Walt Disney Co expects global retail sales from its 10-month-old Infinity video game to reach US$1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company's interactive unit, said in an interview.

Business 28 Apr 2014 | 11:19 AM

New Mexico dig uncovers 'E.T.' video games buried after 1980s flop

ALBUQUERQUE N.M.: Documentary filmmakers digging in a New Mexico landfill on Saturday unearthed hundreds of "E.T. the Extra-Terrestrial" cartridges, considered by some the worst video game ever made and blamed for contributing to the downfall of the video game industry in the 1980s.

Business 03 Apr 2014 | 11:19 AM

Amazon leaps into home entertainment fray with US$99 Fire TV

NEW YORK/SAN FRANCISCO: Amazon.com Inc made a play for the increasingly crowded home entertainment arena by unveiling the US$99 "Fire TV" video and game streaming device on Wednesday, with hopes of boosting its main online retail business over the longer term.

Business 26 Mar 2014 | 7:40 AM

Facebook to buy virtual reality goggles maker for US$2bil

SAN FRANCISCO: Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal.

SME 24 Mar 2014 | 12:00 AM

Perseverance pays off for game inventor

The work of one person has resulted in Malaysia having a seat at the table among makers of board games.

Business 19 Mar 2014 | 8:02 AM

Wall Street rises again as Ukraine woes ease

NEW YORK: U.S. stocks climbed for a second straight session on Tuesday, with the S&P 500 within striking distance of its record after comments from Russian President Vladimir Putin soothed anxiety that tensions over Ukraine could escalate.

Business 18 Feb 2014 | 12:00 AM

Emphasis on creative sector growth to continue

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak says the Government will continue to emphasise on the development of the creative industry which can potentially contribute to a higher gross domestic product (GDP) going forward.

Business 17 Feb 2014 | 4:45 PM

HK shares of Tencent and peers helped by acquisition moves

HONG KONG: China's Hong Kong-listed Internet stocks are riding high thanks to an investment frenzy by Chinese tech companies as core players spend to build the foundations for future growth.