BUSINESS BRIEFS
Take’s take
Take-Two Interac tive, publisher of the “Grand Theft Auto” video games, reported a first-quarter loss after spending more to create and sell its titles. The net loss of $50.4 million, or 66 cents a share, compared with a loss of $38 million, or 52 cents, a year earlier, the company said.
Stanford
A court-appointed re ceiver is proposing to lift a freeze on addi tional accounts with the troubled financial companies owned by Texas billionaire R. Allen Stanford. The proposal would affect accounts with at least $250,000 in them.
Tarnished
Tiffany has decided to shutter its five-year- old chain of Iridesse pearl-jewelry shops after it lost money and posted disappointing sales. Sixteen stores are affected.
Buck suit
Reserve Primary Fund, the money-mar ket fund crippled after it “broke the buck,” was sued by a Deutsche Bank unit for failing to repay $72.2 million of a $500 million redemp tion on Sept. 15, the day Lehman Brothers filed for bankruptcy.
J.Crew
J.Crew rose 8 percent in trading after the com pany forecast earnings that were higher than analysts’ estimates. Profit excluding items will be as much as 12 cents a share in the first quarter, the clothing re tailer said yesterday. Analysts projected 8 cents, the average of 10 estimates.

