Sony cuts price on PlayStation 3 by $100

(Reuters) - The PlayStation 3, which includes a 60-gigabyte hard drive and a Blu-ray high-definition DVD player, will now cost $500, or $20 more than the most expensive version of Microsoft Corp.'s Xbox 360.




The PS3 still costs twice that of Nintendo Co. Ltd.'s Wii console, whose $250 price and motion-sensing controller have made it a best-seller despite its lack of cutting-edge graphics and hard disk.


Read more at Reuters.com Business News

Cisco, CKE, Dillard's, General Motors, LSI, Meridian: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 10:45 a.m. New York time.

Atmel Corp. (ATML US) gained 9 cents, or 1.6 percent, to
$5.80. The maker of chips for mobile phones and DVD players said
first-quarter net income was 6 cents a share, more than the 3-
cent average estimate of five analysts surveyed by Bloomberg.


Read more at Bloomberg Stocks News

Blockbuster shares up 10 pct after Citi upgrade

(Reuters) - Citigroup analyst Tony Wible, who cut his rating on Netflix on Tuesday, raised his rating on Blockbuster late that evening, saying the company's marketing expenses to promote its Total Access online offering "are now fully priced into the stock." He also cited improving box office returns and a lessening near-term threat from video-on-demand.




Blockbuster and Netflix have been battling over the online DVD rental market, which is projected to grow by 43 percent this year. Netflix has a larger subscriber base, but Blockbuster has been growing faster since the launch last year of its Total Access plan, which let online subscribers swap DVDs at its stores for free rentals.


Read more at Reuters.com Hot Stocks News

Ford, Netflix, Owens-Illinois, Penn National, Tyson: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges.
This preview includes news that broke after exchanges closed June
8. Stock symbols are in parentheses after company names. Share
prices are as of 8:15 a.m. New York time.

Atmel Corp. (ATML US) fell 12 cents to $5.55 in trading
before the open of U.S. exchanges. The maker of chips for mobile
phones and DVD players said it received a subpoena from the U.S.
Justice Department about its past stock-option practices. The
subpoena was delivered in January, the company said in a filing
with the Securities and Exchange Commission. Atmel also released
financial statements that had been delayed by its own probe into
stock-option grants.


Read more at Bloomberg Stocks News

BHP, Boeing, Ford, Netflix, Owens-Illinois, Wyndham: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges.
This preview includes news that broke after exchanges closed
June 8. Stock symbols are in parentheses after company names.
Share prices are as of 7:30 a.m. New York time.

Atmel Corp. (ATML US) fell 12 cents to $5.55. The maker of
chips for mobile phones and DVD players said it received a
subpoena from the U.S. Justice Department about its past stock-
option practices. The subpoena was delivered in January, the
company said in a filing with the Securities and Exchange
Commission. Atmel also released financial statements that had
been delayed by its own probe into stock-option grants.


Read more at Bloomberg Stocks News