Report: Nintendo to post $1.32 billion in losses for first half of 2011

Tomorrow is going to be a long day for Nintendo, as a newspaper out of Japan is reporting the video game giant is preparing to announce a recurring loss of nearly $1.32 billion for the first half of its 2011 fiscal year, which ended September 30th. If true, this means Nintendo's first half losses will come in at nearly twice its predicted $723.4 million total. In non-economist lingo, Nintendo will