A rumor spread a few days ago that THQ finally folded after months of struggling to keep above water. The rumor was wrong, but from the looks of it, it probably won't be long before it becomes true. Their latest financial numbers show a US$ 192 million loss, and the Saints Row publisher is now planning to reduce their headcount by 600.

THQ today announced its financial results for the fiscal second quarter which ended in the 30th of September. Net sales dropped, now they're not setting their sights too high with a reduced financial outlook and a big realignment.

THQ has unveiled its financial scorecard for this fiscal year's opening quarter and though it looked pretty at first, things quickly went south as we checked out how much it lost. Apparently, bigger revenues don't necessarily translate into bigger profits as you'll find out in the full article up ahead.

Earlier this year, Marvel parted ways with Electronic Arts regarding the Marvel fighting game franchise. Today, the comic company has just struck a deal with THQ to bring video games based on Marvel's Super Hero Squad. Read more on this in the full article.

What do you when you've gone through some tough times? Simple: you pick yourself up, dust yourself off and move on. That seems to be what THQ is doing, following what it has described as "a very tough year." Thing is, the adjustments appear to involve job cuts as well as new plans. More adjustments occur in the full article after the jump.

A lot of talk has been going around regarding the currently pending Activision-Vivendi deal and EA's US$ 2 billion offer for Take-Two Interactive. While it may seem that mergers and acquisitions are the current trend, THQ's Chief Executive Brian Farrell feels that it isn't a necessity for company growth. To find out more, head on over to the full article.

Different people have different opinions about the console wars. If you ask THQ President and CEO Brian Farrell what he thinks about the console wars, he'll tell you that Sony's PS3 and Microsoft's Xbox 360 still have "a lot of firepower in their arsenal." Let Farrell tell you a little more about that in the full article, right after the jump.

THQ just released details regarding its profits for the third quarter of fiscal year 2008.

Aside from money matters, however, the company's CEO also hinted at when they'll be releasing the next installments of their Saints Row and Red Faction franchises. Details await in the full article.

THQ may have gone through some rough times lately, but it's not out of the fight yet. In fact  THQ president Brian Farrell announced that THQ's DS platformer Drawn to Life will eventually be making its way to the Nintendo Wii. Farrell also commented on other THQ franchises, such as the Stuntman and Juiced series. Read what he had to say after the jump.

THQ's financial status has been on a roller coaster ride. Prior to its recent quarterly report, the publisher and developer of video games said that things are looking good for the company.

However, the last report indicated that the predictions were rather premature as THQ suffered losses the past few months. Now THQ is announcing that its Executive VP and Chief Financial Officer Edward Zinser has stepped down from his position. The full details after the jump!