Electronic Arts Inc. named Andrew Wilson, the head of its sports games and a leader in the emerging digital businesses, as chief executive officer, passing over two more senior officials.
Electronic Arts Inc. rose the most in more than two decades after posting profit gave investors confidence that a turnaround under Chief Executive Officer Andrew Wilson is gaining strength.
Fannie Mae is selling more of its foreclosed properties to investors as prices rise, limiting homebuyers’ access to cheap housing.
Citigroup Inc., the third-largest U.S. lender, agreed to sell servicing rights for about 64,000 Fannie Mae residential first-mortgage loans as it seeks to reduce a portfolio of unwanted assets.
Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.
Taking Stock: Bloomberg’s Johnson on Giants Win, EA CEO