Digest: Disney heads Home; Activision buy
EmptyDis heads Home
KB Home, the No. 5 U.S. home builder, said Wednesday that it would begin to offer homes customized with Disney characters. Starting next year, buyers will be able to specify flooring, window coverings and lighting inspired by such Disney properties as Mickey Mouse, Cinderella and Pirates of the Caribbean. "Almost 60% of KB Home home buyers are families with children," said Wendy Marlett, senior vp sales and marketing at KB Home, which is grappling with the worst U.S. housing market in several years. Disney shares closed Wednesday up 1.3% to $34.52, while shares of KB Homes dropped 4% to $24.09, a 52-week low.
Glick lands at FBN
Alexis Glick on Wednesday was named to the post of vp business news at Fox Business Network, reporting to Neil Cavuto, senior vp and managing editor of the soon-to-launch News Corp. network. Glick had been director of business news at Fox News Channel for a year and before that was a correspondent for NBC News' "Today." Before that, she was a senior trading correspondent at CNBC and reported from the floor of the New York Stock Exchange on the network's morning show "Squawk Box."
Video game firm Activision said Wednesday that it has bought U.K.-based Bizarre Creations, maker of the popular "Project Gotham Racing" series for Microsoft Corp.'s Xbox 360 console. Racing titles account for $1.4 billion, or 10%, of global video game software sales, said Activision, which did not reveal the price it paid. The "Project Gotham Racing" franchise has sold more than 4.5 million copies since debuting in 2001. Its fourth installment is due next month. Activision shares fell 1% to $21.10.