THQ Delays Red Faction, Posts $114M Loss, Confirms Layoffs

Things have been tough for THQ over the past couple weeks, with delays » 11/05/08 7:40pm 11/05/08 7:40pm, and a making headlines. The company announced its quarterly results today which were, surprise, surprise, not too good. The publisher reported sales of $164.8 million, down from $229.3 million in the same quarter last year. THQ bled cash to the…