Tag - TTWO

LDK Solar Inc (Nasdaq:LDK), Take-Two Interactive Software (Nasdaq:TTWO), Charming Shoppers Inc (Nasdaq:CHRS) and JA Solar HOldings (Nasdaq:JASO)are among the most actively traded companies in day's trading among companies with market capitalizations under $1 billion.

Also included among the results: Airvana Inc (Nasdaq:AIRV), Exelixis Inc (Nasdaq:EXEL), Worthington Industries Inc (Nasdaq:WOR), Smart Modular Technologies Inc (Nasdaq: SMOD) and Airtran Holdings (Nasdaq:AAI).

Naugatuck VY Finacial Corp.(Nasdaq:NVSL), Indiana Community BanCorp( Nasdaq:INCB), Movado Group Inc. (Nasdaq:MOV) and Skystar Bio-Pharmaceutical Co. (Nasdaq:SKBID) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Westport Innovations Inc. (Nasdaq:WPRT), LSB Financial Corp (Nasdaq:LSBI), China Advanced Construction Materials Group. (Nasdaq:CADC), Mid Penn BanCorp Inc. (Nasdaq:MPB), and Colfax Corp. (Nasdaq:CFX).

Take Two Interactive Software (Nasdaq:TTWO), Versant Corp. (Nasdaq:VSNT), and GS Financial Corp. (Nasdaq:GSLA) and Finisar Corp. (Nasdaq:FNSR) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tremisis Energy ACQ Corp II. (Nasdaq:TGY.U), KMG Chemicals Inc. (Nasdaq:KMGB), Community Bank Inc. (Nasdaq:CBIN), Mayflower Bancorp Inc. (Nasdaq:MFLR), and Global Tech Advanced Innovations Inc. (Nasdaq:GAI)

Allos Therapeutics Inc. (Nasdaq:ALTH), Take Two Interactive Software (Nasdaq:TTWO) and Origin Agritech Ltd. (Nasdaq:SEED) and Morgan Stanley (Nasdaq:MS) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: International Royalty Corp (Nasdaq:ROY) and Saks Inc. (Nasdaq:SKS), American Axle Manufacturing Holdings Inc. (Nasdaq:AXL) Radian Inc. (Nasdaq:RDN) and Lennar Corp. (Nasdaq:LEN).

CoBiz Financial Inc. (Nasdaq:COBZ), Hungarian Telephone and Cable Corp. (Nasdaq:IHO) and Pharmaxis Depository Receipt (Nasdaq:PXSL) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Take Two Interactive Software Inc. (Nasdaq:TTWO), RINO International Corp. (Nasdaq:RINO), Comm Bancorp Inc. (Nasdaq:CCBP), Tollgrade Communications Inc. (Nasdaq:TLGD), First Merchants Corp. (Nasdaq:FRME) and IPC The Hospitalist Co Inc. (Nasdaq:IPCM).

Noven Pharmaceuticals Inc. (Nasdaq:NOVN), Take Two Interactive Software Inc. (Nasdaq:TTWO) and American Capital Agency Corp. (Nasdaq:AGNC) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CardioNet Inc. (Nasdaq:BEAT), A Power Energy Generation Systems Ltd. (Nasdaq:APWR), ATP Oil & Gas Corporation (Nasdaq:ATPG), RINO International Corp. (Nasdaq:RINO), Spartan Motors Inc. (Nasdaq:SPAR) and Energy Conversion Devices Inc. (Nasdaq:ENER).

Take Two Interactive Software Inc. (Nasdaq:TTWO), Exelixis Inc. (Nasdaq:EXEL) and Penson Worldwide Inc. (Nasdaq:PNSN) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: PSS World Medical Inc. (Nasdaq:PSSI), SIGA Technologies Inc. (Nasdaq:SIGA), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), OmniVision Technologies Inc. (Nasdaq:OVTI), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) and Century Aluminum Co. (Nasdaq:CENX).

Netezza Corp. (Nasdaq:NZ), Delta Apparel Inc. (Nasdaq:DLA) and Penson Worldwide Inc. (Nasdaq:PNSN) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Blue Coat Systems Inc. (Nasdaq:BCSI), Sigma Designs Inc. (Nasdaq:SIGM), Ryland Group Inc. (Nasdaq:RYL), Quanex Building Products Corp. (Nasdaq:NX), Northeast Community Bancorp Inc. (Nasdaq:NECB) and Take Two Interactive Software Inc. (Nasdaq:TTWO).

Medivation Inc. (Nasdaq:MDVN), Blue Coat Systems Inc. (Nasdaq:BCSI) and Star Bulk Carriers Corp. (Nasdaq:SBLK) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: MAP Pharmaceuticals Inc. (Nasdaq:MAPP), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Take Two Interactive Software Inc. (Nasdaq:TTWO), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), CardioNet Inc. (Nasdaq:BEAT) and A Power Energy Generation Systems Ltd. (Nasdaq:APWR).

MAP Pharmaceuticals Inc. (Nasdaq:MAPP), Origin Agritech Ltd. (Nasdaq:SEED) and AgFeed Industries Inc. (Nasdaq:FEED) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Star Bulk Carriers Corp. (Nasdaq:SBLK), Take Two Interactive Software Inc. (Nasdaq:TTWO), Tessera Technologies Inc. (Nasdaq:TSRA), Century Aluminum Co. (Nasdaq:CENX), Canadian Solar Inc. (Nasdaq:CSIQ) and Vanda Pharmaceuticals Inc. (Nasdaq:VNDA).

Dendreon Corp. (Nasdaq:DNDN), DryShips Inc. (Nasdaq:DRYS) and A Power Energy Generation Systems Ltd. (Nasdaq:APWR) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: BLDRS Emerging Markets 50 ADR Index (Nasdaq:ADRE), Medarex Inc. (Nasdaq:MEDX), UAL Corp. (Nasdaq:UAUA), Dress Barn Inc. (Nasdaq:DBRN), Gymboree Corp. (Nasdaq:GYMB) and Take Two Interactive Software Inc. (Nasdaq:TTWO).

GTSI Corp. (Nasdaq:GTSI), FBL Financial Group Inc. (Nasdaq:FFG) and Myers Industries Inc. (Nasdaq:MYE) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Dendreon Corp. (Nasdaq:DNDN), Take Two Interactive Software Inc. (Nasdaq:TTWO), Central Pacific Financial Corp. (Nasdaq:CPF), A Power Energy Generation Systems Ltd. (Nasdaq:APWR), RSC Holdings Inc. (Nasdaq:RRR) and Main Street Capital Corp. (Nasdaq:MAIN).

Dendreon Corp. (Nasdaq:DNDN), Take Two Interactive Software Inc. (Nasdaq:TTWO) and A Power Energy Generation Systems Ltd. (Nasdaq:APWR) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: UAL Corp. (Nasdaq:UAUA), Susquehanna Bancshares Inc. (Nasdaq:SNWL), Kirklands Inc. (Nasdaq:KIRK), Smith & Wesson Holding Corp. (Nasdaq:SWHC) and Force Protection Inc. (Nasdaq:FRPT).

Palm Inc. (Nasdaq:PALM), Rambus Inc. (Nasdaq:RMBS) and AeroVironment Inc. (Nasdaq:AVAV) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Zions Bancorp (Nasdaq:ZION), Take Two Interactive Software Inc.(Nasdaq:TTWO), DrdGold ADR (Nasdaq:DROOY), Fuel Systems Solutions Inc. (Nasdaq:FSYS) and Apogee Enterprises Inc. (Nasdaq:APOG).

Small-cap stocks pushed higher Tuesday, recapturing all of Monday’s decline as the market continues to gyrate in a sideways consolidation range on light holiday volume. The market started out on a firm note tied to an extension of the Treasury’s automaker bailout, and never looked back. Today's small-cap percentage gainers are: Grand Canyon Education (Nasdaq:LOPE), CH Energy Group (NYSE:CHG), and Force Protection (Nasdaq:FRPT).

Other Market Watch highlights included:

• For now, volume is thinned out by the holiday, and it is best not to make too much of the tame price action.  
• However, if the market starts to trade sideways for too long without managing a push through upside resistance, then it will simply look like a new lower ceiling.  
• For the most part, the sideways action is consistent with a bottoming process off the massive bear market collapse.  
• The chart picture remains stuck in a sideways consolidation pattern.  
• The market started out on a firm note tied to an extension of the Treasury’s automaker bailout, and never looked back

Small Cap Gainers:

• Among today's small-cap 52-wk highs: Grand Canyon Education, CH Energy Group, Force Protection, Rochester Medical and South Jersey Industries. See (Nasdaq:LOPE, NYSE:CHG, Nasdaq:FRPT, Nasdaq:ROCM, NYSE:SJI ) 
• Franklin Street Properties Corp is up 9.2% after news late Monday it will be added to the S&P SmallCap 600 after Wednesday's close. See (NYSE:FSP)  
• Beauty products company Elizabeth Arden Inc. is up 9.1% to $11.71 after Wedbush Morgan upgrade to "Buy" from "Hold," with a $15 price target. See (Nasdaq:RDEN)  

Small Cap Losers:

• Among today's small-cap 52-wk lows: Skilled Healthcare Group, Blue Square Israel Ltd, and Take-Two Interactive Software. (See NYSE:SKH, NYSE:BSI, Nasdaq:TTWO) 
• Biopharma company Maxygen, Inc., which focuses on developing improved versions of protein drugs, is down 10.4% to $8.11. See (Nasdaq:MAXY)  
• Boutique investment banking firm Evercore Partners is down 8.7% to $12.05 after Keefe Bruyette downgrade to "Market Perform" from "Outperform." See (NYSE:EVR) 

Skilled Healthcare Group Inc (Nasdaq:SKH), Blue Square-Israel ADR (Nasdaq:BSI) and WNS Holdings Ltd (Nasdaq:WNS) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Small-cap stocks pushed higher into mid-session, lifted by gains in technology stocks, retailers, homebuilders and insurers, which more than countered weakness in commodity names. Today's small-cap percentage gainers are : Grand Canyon Education (Nasdaq:LOPE), CH Energy Group (NYSE:CHG), and Force Protection (Nasdaq:FRPT).

Other Market Watch highlights included:

• Retailer shares were on the rise today, with the S&P Retail Index up 2.0%.  
• Homebuilders were once again attracting buyers after several days of setbacks. The ISE Homebuilder Index was up 3.7%, handily outpacing the overall market advance.
• The best performers: commercial printers, auto parts suppliers, chemical companies, office electronics firms, wireless telecoms, motorcycle manufacturers, life health insurers and tire companies.  
• A better-than-expected showing on Midwest manufacturing kept all the fresh economic news from being awful, and even that number was still historically low. 
• The market was able to weather another batch of troubling data on the economy, with home prices generating the largest decline on record and consumer confidence sinking to a record low.

Small Cap Gainers:

• Among today's small-cap 52-wk highs: Grand Canyon Education, CH Energy Group, Force Protection, Rochester Medical and South Jersey Industries. See (Nasdaq:LOPE, NYSE:CHG, Nasdaq:FRPT, Nasdaq:ROCM, NYSE:SJI ) 
• Franklin Street Properties Corp is up 9.2% after news late Monday it will be added to the S&P SmallCap 600 after Wednesday's close. See (NYSE:FSP)  
• Beauty products company Elizabeth Arden Inc. is up 9.1% to $11.71 after Wedbush Morgan upgrade to "Buy" from "Hold," with a $15 price target. See (Nasdaq:RDEN)  

Small Cap Losers:

• Among today's small-cap 52-wk lows: Skilled Healthcare Group, Blue Square Israel Ltd, and Take-Two Interactive Software. (See NYSE:SKH, NYSE:BSI, Nasdaq:TTWO) 
• Biopharma company Maxygen, Inc., which focuses on developing improved versions of protein drugs, is down 10.4% to $8.11. See (Nasdaq:MAXY)  
• Boutique investment banking firm Evercore Partners is down 8.7% to $12.05 after Keefe Bruyette downgrade to "Market Perform" from "Outperform." See (NYSE:EVR) 

Savannah Bancorp Inc. (Nasdaq:SAVB), Take Two Interactive Software Inc. (Nasdaq:TTWO) and MarkWest Energy Partners L P (Nasdaq:MWE) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tennant Co. (Nasdaq:TNC), Radware Ltd. (Nasdaq:RDWR), Avid Technology Inc. (Nasdaq:AVID), Swift Energy Co. (Nasdaq:SFY), K-Fed Bancorp (Nasdaq:KFED) and Bancorp Rhode Island Inc. (Nasdaq:BARI).

Arthrocare Corp (Nasdaq:ARTC), WNS Holdings Ltd (Nasdaq:WNS) and CFS Bancorp Inc (Nasdaq:CITZ) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: PDL BioPharma Inc. (Nasdaq:PDLI), Take Two Interactive Software Inc. (Nasdaq:TTWO), Approach Resources Inc .(Nasdaq:AREX), Gladstone Commerical REIT (Nasdaq:GOOD), Bancorp Rhode Island Inc. (Nasdaq:BARI) and Tennant Co. (Nasdaq:TNC).

Here are the new 52-week lows among small caps:

DryShips Inc. (Nasdaq:DRYS), Provident Bankshares Corp. (Nasdaq:PBKS) and Arthrocare Corp. (Nasdaq:ARTC) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Take Two Interactive Software Inc (Nasdaq:TTWO), Eagle Bulk Shipping Inc (Nasdaq:EGLE), Clean Energy Fuels Corp (Nasdaq:CLNE), Ciena Corp (Nasdaq:CIEN), TBS International Ltd (Nasdaq:TBSI) and Ceradyne Inc (Nasdaq:CRDN).

The market tried to stand tall through another batch of dreary economic data, but came up empty in the afternoon, with the Russell 2000 (NYSE:IWM) closing down 1.53%. Some of today’s small-cap gainers are G III Apparel Group (Nasdaq:GIII), Emeritus Corporation (NYSE:ESC) and BioSpecifics Technologies (Nasdaq:BSTC).

Other Market Watch highlights today included:

• The weekly claims report came in at 554,000, which was down from 575,000 last week, but basically in line with market expectations.
• The four-week moving average on claims rose to 543,750, which is the highest point since December 1982.
• The Philly Fed report came in at 39.3, which was up from last month’s reading, but still slightly below the consensus forecast.
• The overall employment picture in the U.S. is expected to get worse over the next couple of months.
• This morning, analysts at UBS lowered their forecast for 2009 profit estimates for the S&P 500. 
• Financial shares were on the mend today, and there were plenty of small banks near the top of the percentage movers list.
• Crude oil prices tumbled 9%, or $3.84 a barrel today, slipping to fresh four-year lows during the session
• Energy stocks paced the market’s afternoon slide, losing some 5%.

Small Cap Gainers:

• G III Apparel Group Ltd. (Nasdaq:GIII) closed 26% higher as the outerwear and sportswear manufacturer shot above the 20-day moving average for the first time since late October on solid volume.
• Emeritus Corporation (NYSE:ESC) rose 22% as the assisted-living . . .

Small-cap stocks finished off an up and down session with a jolting afternoon decline, as pressure from tumbling commodity stocks, weak profit reports and money flow away from equities toward credit instruments offset support from airlines and insurance companies. The Russell 2000 (NYSE:IWM) closed down 7.42, or 1.53% at 479.17 and is now down 37% for the year. Meanwhile, the Dow is off 35% for 2008, and the S&P 500 down 40%.

The market tried to stand tall through another batch of dreary economic data, but came up empty in the afternoon. The weekly unemployment claims report showed that 554,000 Americans filed for unemployment insurance last week, which might have been a drop from last week’s 26-year high, but was still a gloomy number in its own right. The four-week moving average for claims rose to 543,750, which itself ranks as the highest level in more than a quarter of a century. Data on mid-east manufacturing and leading economic indicators was predictably sour, but not a surprise.

Speaking of the economy, Federal Reserve Bank of Dallas President Richard Fisher said that the Fed “will not shy from pursuing every practicable means of supporting the functioning of financial markets and stimulating the economy back to a steady state by employing new techniques that fit the current circumstances.” What that means is that the Fed isn’t necessarily out of bullets just because interest rates are now effectively zero. Fisher said that the Fed would expand purchases of mortgage backed securities if that seems like a productive path. He also predicted that GDP would shrink 4% to 5% in the fourth quarter and that contraction was possible through the first half of 2009, with unemployment possibly rising beyond 8%. Fisher said that recent moves are starting to gain traction in credit markets but intimated that operations are still far from normal.

The yield on benchmark 10-year notes approached 2% today, reaching the lowest point in 50 years as investors continue to gobble up credit products as a safe-haven in a difficult environment for stocks. The 10-year yield (which moves inverse . . .

Integral System Inc. (Nasdaq:ISYS), Stone Energy Corp. (Nasdaq:SGY) and SVB Financial Group (Nasdaq:SIVB) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Take Two Interactive Software Inc. (Nasdaq:TTWO), BreitBurn Energy Partners L P (Nasdaq:BBEP), MDS Inc. (Nasdaq:MDZ), WNS Holdings Ltd. (Nasdaq:WNS), MSC Software Corp. (Nasdaq:MSCS) and California First National Bancorp (Nasdaq:CFNB).

Take Two Interactive Software Inc. (Nasdaq:TTWO), Tennant Co (Nasdaq:TNC) and Integral System Inc. (Nasdaq:ISYS) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Scholastic Corp. (Nasdaq:SCHL), Citizens Holdings Co. (Nasdaq:CIZN), Ensign Group Inc. (Nasdaq:ENSG), Stone Energy Corp. (Nasdaq:SGY), MDS Inc. (Nasdaq:MDZ) and Stewardship Financial Corp. (Nasdaq:SSFN).

DryShips Inc. (Nasdaq:DRYS), Auxilium Pharmaceuticals Inc. (Nasdaq:AUXL) and Take Two Interactive Software Inc. (Nasdaq:TTWO) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Atheros Communications Inc (Nasdaq:ATHR), Eagle Bulk Shipping Inc (Nasdaq:EGLE), Canadian Solar Inc (Nasdaq:CSIQ), TBS International Ltd (Nasdaq:TBSI), Rambus Inc (Nasdaq:RMBS) and Energy Conversion Devices Inc (Nasdaq:ENER).

U.S. stocks were set for a modest advance on the opening amid speculation that President-elect Obama’s stimulus package could be as big as $850 billion. Additional support could stem from yet another rise in Asian stocks, which climbed to a six-week high. However, profit news remains mostly abysmal, and the latest jobs numbers were predictably awful, which could stall upside progress. The Russell 2000 (NYSE:IWM) is seen opening up about 0.3% near 488.00.

The weekly claims report came in at 554,000, which was down from 575,000 last week, but basically in line with market expectations. The four-week moving average on claims rose to 543,750, which is the highest point since December 1982.

On the earnings front, small cap video game maker Take Two Interactive Software Inc. (Nasdaq:TTWO) missed the forecast and fell hard in pre-market trading. MEMC Electronic Materials Inc. (NYSE:WFR) lowered its revenue forecast, which sparked a drop in the solar silicon wafer maker. Also, Goldman Sachs downgraded their outlook for production and revenue in the auto sector. Along the auto line of thought, there were reports this morning that General Motors Corp. (NYSE:GM) and Chrysler were . . .

In one of the more jarring and widely anticipated stock market openings in history, small-cap stocks plummeted to fresh bear market lows while hitting the lowest point since August 2003. The freefall was precipitated by a collapse in overseas markets amid profit warnings in Asia, ongoing worries about a worldwide economic slowdown and talk of forced liquidation. Today’s small-cap gainers are Insituform Tech (Nasdaq:INSU), Align Technology (Nasdaq:ALGN) and Hittite Microwave (Nasdaq:HITT).

Other Market Watch highlights today include:

• We are heading toward one of the worst months in stock market history and while everyone seems to be trying to peg the bottom, there are no signs yet that one is in place.  
• The yield on benchmark 10-year notes was down more than 4%.   The yield on 30-year bonds tumbled to the lowest in history since the product issuance began back in 1977.
• With equity markets in panic liquidation mode and investors scrambling for a safe-haven outlet, demand for Treasury products has been extreme

Small Cap Gainers:

• Insituform Tech posted a 66% spike in Q3 EPS that beat the Street, as it made progress in its N. Am sewer rehabilitation operations. (Nasdaq:INSU). 
• Align Technology will cut 111 jobs; shares surge 20%. See (Nasdaq:ALGN).  
• Hittite Microwave up 4%, marginally ahead of the bell: posted Q3 EPS above the Street. See (Nasdaq:HITT).  
• Take-Two Interactive soaring 110% in pre-market trading, yet no fresh news.  See (Nasdaq:TTWO).  

Small Cap Losers:

• Avid Technology Inc. is down 25% following soft earnings news See (Nasdaq:AVID).  
• American River Bankshares tumble 22% on no fresh news. See (Nasdaq:AMRB).
• Central European Media Enterprises Ltd. is off 22%, sinking to fresh 52-week lows
See (Nasdaq:CETV).  
• Vimpelcom skids 21%, as rumors swirl that the CEO will resign. See (NYSE:VIP).  
• China Eastern Airlines Corp. Ltd. is down 17% and is another example of a firm that has collapsed from triple-digit stock values a year ago. See (NYSE:CEA). 

:CEA

After opening sharply lower, small caps continue to be rattled by Lehman Brothers’ weekend bankruptcy filing, Bank of America’s (NYSE:BAC) surprise acquisition of Merrill Lynch (NYSE:MER) and AIG’s unstable liquidity position. 

At 12:00 p.m. ET all indices remained in the red, though the Russell 2000 has come off its session lows. The small-cap index is down 14.12 or 1.96%, to 706.14, the Dow plunged 302.64, or 2.65%, to 11,119.35 and the tech laden Nasdaq fell 31.36, or 1.62%, to 2,224.67.

Financial jitters remain off the charts as stocks crumbled in light of the Federal Reserve’s decision to allow investment bank Lehman Brothers (NYSE:LEH) to fail. After a drawn out uphill battle against overexposure to subprime loans and a 94% plunge in share price this year, Lehman Brothers will close its doors.

“The U.S. government can’t and should not bail out every large financial institution that’s out there,” said BMO Capital’s Andy Busch. “Lehman had a lot of time to do everything in their power to show that this didn’t happen and they made the decision not to. The United States made the right decision not to be involved with that. At some point they needed to make the critical decision to do something like this … this doesn’t necessarily mean it’s a bottom to be formed for financial stocks, though it certainly takes us one step closer to that point. The ultimate harbinger is when housing prices end up bottoming.”

In line with Bank of America’s (NYSE:BAC) historical strategy, the financial services goliath bought strained, 94-year old Merrill Lynch for $50 billion in a surprise transaction over the weekend. The addition of Merrill gives the Charlotte, N.C.-based bank exposure to roughly every slice of the financial services industry. Shares of Merrill bolted 19% midday, while Bank of America's shares sold off 16%.

The future of Merrill and Lehman’s employees remains undecided. “The biggest losers in all this are the employees of Lehman, people who had had their life . . .

Shares of Take-Two Interactive Software, Inc. (Nasdaq: TTWO) are plummeting this morning after the developer of entertainment software games said Sunday that Electronic Arts Inc.’s (Nasdaq:ERTS) no longer intends to acquire Take-Two at this time.

“We remain actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives,” Strauss Zelnick, Chairman of the Board of Take-Two said in a statement.

Shares plunged 27%, or $5.96, to $15.93 in the first half hour of trading. For detailed price information and news stories on Take-Two, click TTWO.