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EA shuts down studio developing 'Star Wars' gameExternal Link

Electronic Arts Inc. is shutting down its Visceral unit that was working on an upcoming "Star Wars" video game, the company said in a blog post Tuesday. EA stock fell 1.3% to $115.98, with sudden movement at the end of the regular session. EA said in the blog that it planned to retool the game and complete it under its EA Worldwide Studios unit. The new "Star Wars" game's lead developers will be based in Vancouver, Canada. The retooled "Star Wars" title Visceral was working on is separate from "Star Wars Battlefront II" which is set to launch this year. The Visceral unit was responsible for titles such as "Battlefield Hardline" and "Dead Space." The company said in the blog that as it shuts down Visceral it would attempt to shift as much of the personnel as possible to other projects and divisions at EA. EA stock is up 47.1% this year, with the S&P 500 index gaining 14.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 17 Oct 2017 20:41:59 GMT
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Oil prices rise as API data reportedly shows a hefty decline in U.S. crude supplyExternal Link

The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 7.1 million barrels for the week ended Oct. 13, according to sources. The API data, however, also showed that gasoline stockpiles rose by 1.9 million barrels, while inventories of distillates climbed by 1.6 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a drop of 3.9 barrels in crude inventories, along with declines of 340,000 barrels for gasoline and 2 million barrels for distillate supplies. November crude was at $52.02 a barrel in electronic trading, up from the settlement of $51.88 on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 17 Oct 2017 20:41:29 GMT
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IBM stock up after hours following earnings, revenue beatExternal Link

International Business Machines Corp. shares rose in the extended session Tuesday after the company's third-quarter earnings beat Wall Street expectations. IBM shares rose more than 1% to 148.96 after hours. The company reported third-quarter net income of $2.73 billion, or $2.92 a share, compared to $3.2 billion, or $2.98 a share, in the year-ago period. Adjusted earnings were $3.30 a share. Revenue fell slightly to $19.15 billion from $19.23 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.84 a share on revenue of $18.61 billion. The company reiterated its full-year earnings guidance of $11.95 a share. Analysts model fourth-quarter earnings of $4.72 a share on sales of $21.9 billion. IBM stock has dropped 11.7% this year, with the S&P 500 index rising 14.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 17 Oct 2017 20:37:07 GMT
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Suspended Amazon Studios head Roy Price resigns: reportExternal Link

Amazon Studios head Roy Price has resigned, Deadline reported Tuesday, days after being suspended over sexual harassment allegations. Price, who led Amazon.com Inc.'s Amazon Studios, was suspended last week following a Hollywood Reporter interview with an Amazon producer who alleged lewd comments and behavior by Price. Price's departure follows the ouster of Hollywood mogul Harvey Weinstein, who was fired last week from his production company amid reports of sexual misconduct and rape, bringing the issue of sexual harassment in the entertainment industry to center stage.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 17 Oct 2017 20:35:47 GMT
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Mattress maker Select Comfort shares fall 5% after earnings missExternal Link

Shares of Select Comfort Corp. fell more than 5% late Tuesday after the mattress maker reported third-quarter earnings and sales below expectations. The company said it earned $25.6 million, or 62 cents a share, in the quarter, compared with $25.7 million, or 56 cents a share, a year ago. Sales reached $403 million, up from $368 million a year ago. Analysts polled by FactSet had expected earnings of 68 cents a share on sales of $414 million. The stock ended the regular session down 0.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 17 Oct 2017 20:30:48 GMT
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