Zynga Inc has laid off 5 percent of its full-time workforce, shut its Boston office and scaled back in Austin, launching a sweeping overhaul that may also see the social game creator close its Japanese and British offices, Reuters reported Tuesday.
Industry
Economists Say Jobs Data to Have Little Impact on U.S. Elections
Stronger-than-expected hiring by U.S. employers in October and a small increase in the jobless rate will have a neutral or insignificant impact on U.S. presidential elections next week, according to most economists surveyed in a Reuters poll on Friday.
Goldman Sachs Names Insurance Executive Tucker to Board of Directors
Goldman Sachs Group Inc named insurance executive Mark Edward Tucker as an independent director on Monday, expanding its board to a dozen directors, most of whom are independent.
Global Shares Fall as Growth Fears Mount, Wall Street Closes
World shares and commodities fell on Monday as a recent run of downbeat corporate reports cast a shadow over the economic growth outlook and markets awaited the impact of a huge U.S. hurricane.
Earnings Weigh On Shares, Despite Better U.S. GDP
Shares on major markets ended little changed on Friday as weak corporate earnings offset better U.S. economic data, though investors remained concerned about slowing global growth.
Latest News
Yesterday's unveiling of Apple's new iPad Mini in California received a tepid response from a number of analysts who say the gadget's surprising price tag, $349 for a WI-FI-only version, will make it less of a threat than expected to similarly sized tablets, Reuters reported.
Warren Buffett, the country's second-richest man and one of the world's most successful investors, told CNBC in an interview Wednesday, that he sees the U.S. economy "inching ahead" despite slowing economies in Europe and Asia.
Priced at $329, Apple unveiled its iPad Mini at a media event held at the California Theater in San Jose this morning. As expected, the tablet is 7.9 inches, and will compete with the likes of Barnes & Noble's Nook Color and the Amazon's Kindle Fire HD.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Those-in-the-know are now saying that the eagerly anticipated iPad "Mini" will be released on Nov. 2.
The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
Rapid penetration of the mobile market is playing an increasingly critical role in an e-commerce company’s success, as more consumers shift to online shopping and to shopping using their mobile devices.
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Consumers' growing love of mobile devices has created growing difficulties for technology companies as they seek to reach their audiences through advertising on smartphones and tablets.
