Activision's 'Black Ops' game earns $360M on first day
Activision Blizzard Inc.'s "Call of Duty: Black Ops" blasted entertainment records this week, raking in $360 million in the video game's first 24 hours on sale; 5.6 million units sold Tuesday. The developers created a world that immerses players in Cold War-era battles with settings ranging from 1960s Cuba to Vietnam and the Soviet Union. Its predecessor, "Call of Duty, Modern Warfare 2," sold 4.7 million copies in 24 hours to reap $310 million on its first day of sale last year. Within a week, it made $550 million. The latest version is rated M, costs $60 and works on PCs and the Xbox 360 and PlayStation 3 gaming consoles.
FedEx predicts busiest day will see 16 million packages
FedEx expects to move nearly 16 million packages on its busiest day this year, Dec. 13. The prediction is FedEx's highest ever for one day and 11 percent higher than last year. More than half the increase is from its partnership with the U.S. Postal Service, FedEx Corp. said Thursday. Those shipments are mostly for consumers ordering from online retailers during the holiday shopping season. FedEx ships about 7.5 million packages on an average day. Its larger rival, Atlanta-based UPS, hasn't yet made any predictions.
GE joins electric car movement with plans to buy 25,000
General Electric on Thursday announced plans to convert half of its corporate fleet to electric vehicles, buying 25,000 of them by 2015, to give the nascent technology a jump start and help develop a potentially big new market for the company. GE estimates the expanding market could bring it up to $500 million in revenue over the next three years. It makes a charging station called the WattStation and technology for the electric-vehicle infrastructure. The first mass-market electric cars are expected to go on sale next month, including the Chevy Volt and the Nissan Leaf.
MetLife to stop selling new long-term care coverage
MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing "financial challenges" in the business. Insurers have been burned by policies sold in the past when they underestimated the number of claims, the cost of care and life expectancies of their clients. New York-based MetLife will accept applications for new coverage through Dec. 30 and continue to honor previously written contracts after that date, the company said.
Jittery investors let stocks plunge after weak Cisco outlook
Stocks tumbled Thursday after a disappointing outlook from Cisco Systems Inc. rattled a market already on edge as the G-20 summit got under way. The Dow Jones industrial average fell 73.94, or 0.7 percent, to close at 11,283.10, after trading down as much as 126 points. The Standard & Poor's 500 index fell 5.17, or 0.4 percent, to 1,213.54. The Nasdaq composite dropped 23.26, or 0.9 percent, to 2,555.52.
From wire reports