Electronic Arts (EA) is jumping into the e-sports arena, just weeks after rival Activision Blizzard (ATVI) announced plans to ramp up its involvement in the fast-growing sector. EA said Thursday it has formed a new branch of the company, the EA Competitive Gaming Division. The new division will be focused on establishing e-sports competitions for EA franchises in sports and other genres, including Madden NFL, FIFA and Battlefield. It will develop
Wall Street has become too negative on Apple’s (AAPL) iPhone business, said BMO Capital Markets analyst Tim Long, who says the company can increase unit shipments for at least the next four years. Long initiated coverage of Apple stock on Thursday with an outperform rating and price target of 145. Apple stock was down 2.5%, near 113, in afternoon trading on the stock market today. “We view Apple as mostly a handset stock as about three-quarters of
Specialty drugmaker Horizon Pharma (HZNP) agreed to buy privately held Crealta Holdings for $510 million in cash Friday, bringing it an orphan-disease drug with a troubled history. Last year, Crealta acquired Savient, maker of Krystexxa, a treatment for refractory gout. Krystexxa was launched in 2010 but never reached its full potential, according to Cowen analyst Eric Schmidt. “Savient admitted that Krystexxa’s launch was under-resourced, owing