• Priceline.com (NASDAQ:PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about $1.06-$1.16

• Electronic Arts (NASDAQ:ERTS) said it plans to cut 1500 additional jobs. The firm reported second quarter adjusted earnings of 6 cents, a one penny miss, on revenues of $1.15 billion, which slightly topped Street projections of $1.12 billion. The firm forecast 2010 earnings of $0.70-$1.00, topping estimates of 89 cents on revenues of $4.2-$4.4 billion versus estimates of $4.26 billion

• Cadbury (NYSE:CBY) rejected the latest Kraft (NYSE:KFT) bid calling it "derisory"

• Moody's (NYSE:MCO) commented that AIG (NYSE:AIG) will be able to repay its Federal loans

• Wells Fargo (NYSE:WFC) lifted its growth expectations for the semiconductor group following release of third quarter numbers. Intel (NASDAQ:INTC) remained its first

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Hasbro Inc. (HAS) is expected to release its third quarter results on Oct 19. The Zacks Consensus Estimate is pegged at 91 cents per share. The company had reported earnings of 89 cents per share in the year-ago period.  Hasbro’s second quarter results of 26 cents per share were three pennies ahead of the Zacks Consensus Estimate of 23 cents, reflecting strong sales of Transformers and G.I. Joe toys, both tied to blockbuster summer movies. The company also reaped the benefits of its cost curtailment initiatives.  At the time of the last earnings release, management had stated that the joint venture investment with Discovery Communications will not be as dilutive to 2009 and 2010 earnings as previously forecasted. The company had at that time expected that the dilution to 2009 earnings will be in the range of 15 to 20 cents per share, compared to the ...

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BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) announced today that its Chief Executive Officer Jean-Jacques Bienaime will receive the Most Admired CEO Award from the San Francisco Business Times at a gala event to be held on November 19, 2009 in San Francisco. Mr. Bienaime is recognized for his outstanding leadership in the category of public companies with annual revenues of less than $500 million. Mr. Bienaime was selected by an independent panel of judges who considered multiple nominations for CEOs who consistently demonstrate excellent leadership of their companies, people,

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• Merck (NYSE:MRK) announced its plans to abandon an experimental treatment for migraines and to review Phase III clinical data on another migraine drug

• Morgan Stanley's (NYSE:MS) CEO John Mack will be replaced before year-end by current co-president James Gorman

• Abbott Labs (NYSE:ABT) announced that it bought the 90% of Evalve that it does not already own for $410 million

• Bank of America (NYSE:BAC) cut its rating on Electronic Arts (NASDAQ:ERTS) to "neutral"

• Wells Fargo (NYSE:WFC) lowered its rating on AIG (NYSE:AIG) to "underperform" asserting the firm currently is trading "significantly" above book value

• National Semiconductor (NYSE:NSM) reported fiscal first quarter earnings of 13 cents a share, 6 cents above estimates on revenues of $314 million

Zacks Investment Research

You ready for a good ol’ 1960s rock n’ roll flashback, courtesy of four lads from Liverpool?

Amid a buzz of publicity, yesterday was the day that many Beatles fans had eagerly waited for, with the release of a new video game in the band’s name – “The Beatles: Rock Band.”

If you’re not familiar with the “Rock Band” concept, it’s a bit like karaoke, except you play music in addition to singing. Gamers follow along with their favorite musicians/songs, using an electronic drum kit and guitar, and sing the songs, too.

The game is enormously popular, having generated over $1 billion in revenue. And gamers can download individual songs, albums, or catalogs of groups like AC/DC, The Who and The Grateful Dead. So far, they’ve paid for and downloaded over 40 million songs…

Both Paul McCartney and Ringo Starr were part of the creative process and have endorsed the game in the

...

A New Wave of “Beatle Mania”… Four Ways to Profit From The Beatles: Rock Band

by Marc Lichtenfeld, Advisory Panelist

You ready for a good ol’ 1960s rock n’ roll flashback, courtesy of four lads from Liverpool?

Amid a buzz of publicity, yesterday was the day that many Beatles fans had eagerly waited for, with the release of a new video game in the band’s name – “The Beatles: Rock Band.”

If you’re not familiar with the “Rock Band” concept, it’s a bit like karaoke, except you play music in addition to singing. Gamers follow along with their favorite musicians/songs, using an electronic drum kit and guitar, and sing the songs, too.

The game is enormously popular, having generated over $1 billion in revenue. And gamers can download individual songs, albums, or catalogs of groups like AC/DC, The Who and The Grateful

...

US markets closed marginally lower Wednesday, capping a four-day rally, as some lackluster economic data kept investors from taking big positions.  Investors appeared to be cautious ahead of the government’s monthly report on job losses and the unemployment report, which comes out on Friday.  Yesterday’s pullback reversed Wall Street’s recent run, which has been spurred by better-than-expected corporate earnings and hopes that the worst of the economic crisis has passed.   

The Dow Jones industrial average declined 39 points, or 0.4%, the Standard & Poor's 500 lost 3 points, or 0.3%, and the tech-heavy Nasdaq composite retreated 18 points, or 0.9% after disappointing data on private payrolls and the services sector dented some optimism.  However, the Commerce Department reported an unexpected 0.4% rise in orders for manufactured goods in June.  On the NYSE, volume was a moderate 1.53 billion as decliners outpaced advancing shares by 8 to 7

Treasuries fell,

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Shares of “Grand Theft Auto” maker Take-Two Interactive (Nasdaq:TTWO) took a drubbing yesterday (Tuesday) after it lowered its financial outlook and delayed key video game releases until its next fiscal year.

Take-Two now expects its loss to fall between 65 cents and 75 cents per share and revenue to be between $120 million and $130 million for the quarter ending July 31. Wall Street analysts were expecting a loss of 54 cents and revenue of $162.2 million.

The move reflects reduced sales of catalog products and lower than anticipated initial retailer orders of new releases due to a retail environment that is proving even more challenging Take-Two expected, it said in a statement.

The company delayed the release of “Bioshock 2,” “Max Payne 3” and “Red Dead Redemption” to fiscal 2010, which starts November 1. It is unclear whether any of these titles will ship in time for

...

div style="text-align: justify;"Merrill Lynch/BAM is upgrading span style="font-weight: bold;"Electronic Arts (NASDAQ:ERTS)/span to Buy from Neutral following a modest post-E3 sell-off.br /br /According to the analyst the upgrades is based on 1) expected upside to consensus estimates in 1Q and 2Q with company likely tracking at/above their early FY10 internal plan, 2) strength of Sims 3, Active and Need for Speed franchises likely driving improved investor sentiment on EA’sbr /execution, 3) catalysts and seasonality with the summer period historically giving the best return on EA’s stock and the firm sees several upcoming catalysts. span style="font-weight: bold;"Merrill is $100mn above consensus in F1Q (June) and F2Q and their bias is that Street estimates move higher for FY10/FY11 over next 90 days, as key Active and Sims titles should have catalog and sequel strength./spanbr /br /span style="font-weight: bold;"Multiple catalysts/spanbr /In addition to 1Q/2Q upside, they see the following catalysts helping drive improved investor ...

The markets started off the week with great momentum as the Dow Jones and S&P were up 2.37% and 2.63% respectively.  The NASDAQ was up 3.45% closing at 1750.43  led by Apple [AAPL: 130.78, +8.28 (+6.76%)], who was upgraded by Morgan Stanley to overweight.  The 10-year saw prices rise and the yield closed down at 3.547%.  Crude oil and gold headed in opposite directions, oil was up settling at $62.45, and gold down, settling at $953.30. 

In earnings news, Take-Two Interactive [TTWO: 8.83, -0.17 (-1.89%)] said that it loss $10.1 million, or $0.13 per share, failing to come close to the earnings they reported the same period the year prior when the reported a profit of $98.2 million, or $1.29 per share.  The company stated that if they had not included onetime charges and option related expenses, they would have only reported a loss of $2.9 million, or $0.04 per share. 

...