Electronic Arts (NDAQ:ERTS) CEO Larry Probst said that the company was "at the very beginning of the next significant growth cycle" after receiving sales boosts from the new PlayStation 3 and XBox 360 systems.

AOL Time Warner's (NYSE:TWX) chief executive Steve Swad left the company last week to join a private equity firm, a move that follows many others in the company as they attempt to convert from an internet provider to advertising giant.

Dell Computers (NDAQ:DELL) said it has hired Ron Garriques, Motorola handset chief, to lead the company's consumer group. This move follows a series of other new executives filling in the ranks of Dell as the company attempts to turn itself around after several disappointing quarters.

DaimlerChrysler (NYSE:DCX) reportedly is in talks to sell slumping U.S. division to General Motors. This move would generate significant cash for the automaker to assist in its efforts to further focus on its core competencies.

Morningstar (NYSE:MORN) moved up on Friday after analysts predicted strong growth for the fast-moving financial company. Elliott Schlang of Great Lakes Review, the institutional research arm of Soleil Securities Corp., is predicting Morningstar's fourth-quarter net income will jump 31.5% to $13.3 million, or 28 cents a share. The company generated profits of $10.1 million, or 22 cents per share, in a record-setting 2005 fourth quarter.

Simon Property Group and its partner won a brief bidding war for the Mills Corp. (NYSE:MLS) and its 38 shopping malls after sweetening their initial offer by $80 million.