Ubisoft Q1 Sales up 26% to €169 million

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What do you do when Test Drive Unlimited has made cruising for road race rivals an elegant art, Burnout Paradise has turned an already-huge racing brand out into an open world, and Forza 2 has taken cosmetic car customization to unbeatable extremes? If you’re Midnight Club, you don’t panic. You just keep doing what you always did... Submitted by: Richard K | Visited 23 times | Comments 0

♦ Ubisoft Nets Year of Record Profits

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Gross profits for the year were €616.6 million, up from the previous years €439.2 million. Ubisoft thanked a "more favorable product mix" for the jump. The publisher’s current operating income before stock options also climbed to €133.1 million from €38.3 million. Operating income was up from 2006-2007’s €34.6 million to €131.5 million. Submitted by: mohamedd - Visited 6 - Comments 0 - Write first comment

♦ Infogrames Halves Annual Net Losses

1 vote	The firm halved net losses of €103.1 million the previous year to €51.1 million, while operating loss was reduced from €-61.8million to €-45.5million.   Revenues totaled €290.7 million, down from €305.3 million, a drop that can partly be explained by the delayed releases of Alone in the Dark and Dragon Ball Z Burst. Submitted by: Hendricius - Visited 6 - Comments 0 - Write first comment

♦ Second negative month for sales

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Sales on UK high streets fell for the second month in a row in April, according to figures from the British Retail Consortium (BRC). Like-for-like sales fell 1.5% in April compared with the same month of 2007. But total sales, which include outlets that were not open last year, rose 1.0% in April. The BRC's Retail Sales Monitor only measures the value of sales from a selection of retailers... Submitted by: umarboy - Visited 4 - Comments 0 - Write first comment

♦ George Clooney Devastated By Leatherheads Flop.

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George Clooney Devastated By Leatherheads Flop.... George Clooney was hurt by the failure of his most recent movie Leatherheads but is determined to learn from the experience. A month after its release, the American football movie has grossed $36 million (Gbp18 million); $22 million (Gbp11 million) short of its $58 million (Gbp29 million) budget. Submitted by: adiz - Visited 8 - Comments 0 - Write first comment

♦ Sales remain flat on High Street

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The small sales growth seen in the UK High Street in May was just a start-ofsummer blip, according to the British Retail Consortium (BRC). Like-for-like retail sales fell 0.4% compared with June 2007. Total sales, which include new stores, rose 2.1%. Sales of food were up, but against the suppressed sales of a wet June in 2007. Food and drink was the only sector to show significant growth... Submitted by: abedelrahman - Visited 6 - Comments 0 - Write first comment

♦ Sharp decline expected for June sales, Honda likely to see gains

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The combination of an economic downturn and $4 gas made May one of the worst sales months for the world’s automakers in recent history. But when June sales numbers are released in just a few hours, May’s results suddenly won’t look so bad. Several industry analysts have June’s annualized sales results pegged somewhere between 12.5 million units and 14.3 million units. However... Submitted by: angilina - Visited 4 - Comments 0 - Write first comment

♦ Frontier reports $8.8 million loss in June

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DENVER (AP) — Frontier Airlines reported an $8.8 million loss in June, according to bankruptcy court filings. The carrier had reported losses of $22 million in May and $16.5 million for the period in April after it filed for Chapter 11 bankruptcy protection. It had a cash balance of $66.8 million including short-term investments at the end of June, down from $118.5 million at the end of May... Submitted by: joebloggs - Visited 3 - Comments 0 - Write first comment

♦ The Morning After: YR JONAS REVUS PLZ KTHXBAI

1 vote	Camp Rock, the Jonas Brothers' movie / tween excitation vehicle, grabbed 8.9 million viewers on Disney Channel Friday and another 3.6 million on ABC Saturday night. That's not quite the 17.2 million High School Musical 2 got... Submitted by: mattjack - Visited 10 - Comments 0 - Write first comment

♦ Metal Gear Solid 4 Tops UK Chart

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Konami’s Metal Gear Solid 4: Guns of the Patriots became the second fastest selling UK PS3 title of all time to debut at No1 in the software chart.Released on Thursday exclusively for PS3, MGS4 took the top spot from last week’s bestseller, Lego Indiana Jones, which suffered a nine percent drop in weekly sales. MGS4 sales topped opening week MGS3 sales by 24,000 units, but fell 14... Submitted by: AAZZ - Visited 8 - Comments 0 - Write first comment

♦ Existing home sales fall 2.6% in June; prices slide, too

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WASHINGTON — Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. The National Association of Realtors reported Thursday that sales dropped 2.6% last month to a seasonally adjusted annual rate of 4.86 million units. That's more than double the expected decline. It leaves sales 15. Submitted by: SEOibiza - Visited 5 - Comments 0 - Write first comment

♦ Midway Shows Revenues, Losses for Q1 2008

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Midway’s net revenues for the quarter were $29.9 million, compared to the company’s previous guidance of $28 million. Revenues for the same quarter in 2007 totaled $11.1 million. The first quarter net loss for the company however was $34 million, compared to a Q1 2007 loss of $19.8 million. The publisher also provided outlook for the second quarter of the year... Submitted by: bestija - Visited 6 - Comments 0 - Write first comment

♦ Technology Briefing

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Cardiac Science Corp. said its net income for the quarter ended June 30 was $2.3 million, or 10 cents a share, down from $4.5 million, or 19 cents a share, during the same period a year earlier, although that quarter included a one-time $6 million gain from a litigation settlement. Revenue was $52.1 million during the quarter, up 16 percent from $44.9 million during the second quarter of 2007... Submitted by: Jose Cuervo - Visited 4 - Comments 0 - Write first comment

♦ Lil Wayne's 'Tha Carter III' sells a million in a week

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Lil Wayne's Tha Carter III sold 1.01 million copies last week, the first album to top the million mark in a week since 50 Cent's The Massacre in 2005. Signs abounded that the New Orleans rapper was about to break big. Last week, the album sold 423,000 copies its first day. Hit single Lollipop has sold 2.14 million downloads and is the year's top-selling ringtone at nearly 2 million... Submitted by: dubayou - Visited 5 - Comments 0 - Write first comment

♦ Peugeot says Europe sales falling

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Strong demand for new models at home and in Russia, Brazil and Argentina raised PSA Peugeot Citroen sales 4.6% to 1,845,000 in the first six months. Europe's second biggest carmaker said it maintained its global sales growth objective of 5% for 2008 as a whole. But in Western Europe, sales fell 3.5%, with an overall 4% fall in sales in the region expected this year. Submitted by: nevalex - Visited 5 - Comments 0 - Write first comment

♦ Ford's April truck and SUV sales take a massive dip, Smart's sales strong

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With rising fuel costs and a slumping economy, it comes as no real surprise that truck and SUV sales are on the decline. However, it is quite shocking to see just how far those sales have dropped in such a short time. Ford announced on Thursday that April sales of its F-150 — the best selling truck in the U.S. for over three decades — dropped off by 21 percent. Submitted by: koahost - Visited 9 - Comments 0 - Write first comment

♦ Sony: PS3 “Well on its Way” to Hitting Sales Target

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SCEA president Jack Tretton has said that the PS3 is "well on its way" to reaching the companys annual sales target of ten million units, according to Reuters. Additionally, Tretton said that the firms PSP is on course to hit its 15 million unit sales goal this business year. The companys PlayStation division suffered an annual loss of 124.5 billion yen last fiscal year... Submitted by: apollovs - Visited 5 - Comments 0 - Write first comment

♦ GM sees record sales in Latin America, Africa and the Middle East

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Although General Motors U.S. sales are down through the first half of the year, the company is actually doing quite well in other regions of the world. While GMs Chinese sales are up for the year, the auto giant is also experiencing record sales in Latin America, Africa and the Middle East. Through the first half of 2008, GMs sales in Latin America... Submitted by: sweetfunny - Visited 23 - Comments 0 - Write first comment

♦ PS3 “Well on its Way” to Hitting Sales Target

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SCEA president Jack Tretton has said that the PS3 is "well on its way" to reaching the companys annual sales target of ten million units, according to Reuters. Additionally, Tretton said that the firms PSP is on course to hit its 15 million unit sales goal this business year. The companys PlayStation division suffered an annual loss of 124.5 billion yen last fiscal year... Submitted by: downloadlegend - Visited 3 - Comments 0 - Write first comment

♦ GM sales slip 5% worldwide in Q2; Toyota leads in sales so far

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With a weak U.S. auto market, General Motors said Wednesday that sales slipped 5% worldwide in the second quarter, helping Toyota beat GM in worldwide sales for the second year in a row during the first half of the year. The Detroit-based giant said it is on track to sell 9 million vehicles worldwide for the fourth straight year worldwide. Submitted by: domainci - Visited 3 - Comments 0 - Write first comment

♦ GM Europe: Chevy sales raise 6-month figures, but June sales drop

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FRANKFURT, Germany — GM Europe said Wednesday that its sales rose by nearly 3% in the first half of this year, bolstered by stronger demand for its Chevrolet brand, but its June sales dropped by 5.5%. The unit of General Motors (GM) said it sold 1.16 million Chevrolets, Opels, Saabs, Corvettes, Cadillacs and Hummers from January to June — a 2.8% increase over the same period last year. Submitted by: nicheestates - Visited 6 - Comments 0 - Write first comment