Stocks ended narrowly mixed in a lackluster session Wednesday following a weaker-than-expected existing home sales report and as investors were reluctant to jump in following the recent market rally.
Zynga stock popped on the company’s announcement that it snapped up game maker ‘OMGPOP,’ snagging its hit new game ‘Draw Something.’
Zynga acquired OMGPOP, the developer of the social drawing game 'Draw Something', Zynga company announced Wednesday.
CNBC's Kayla Tausche reports Zynga's proposed acquisition of OMGPOP is worth roughly $200 million.
CNBC's Kayla Tausche has details on Yahoo board nominations and Facebook holding an April meeting with sell-side analysts to discuss the company's financials in more detail.
There are a handful of small, actively managed mutual funds holding little more than a dozen or so stocks boasting returns above 22 percent this year. Their secret? Old-fashioned stock picking of lesser-known or undervalued companies.
Wall Street struggled for direction Wednesday as traders remained unconvinced by Federal Reserve assurances that the biggest banks would be able to resist a sharp economic downturn.
Take a look at some of Wednesday morning’s early movers:
U.S. stock index futures pointed to a slightly higher open on Wall Street on Wednesday as investors built on Tuesday's rally, with banking stocks in the spotlight after the Federal Reserve announced that most U.S. banks had passed its stress tests, and gave an improved economic outlook.
Zynga is preparing to sell additional shares to the public as part of a secondary offering, according to people familiar with the situation. The online gaming company could file deal paperwork with the Securities and Exchange Commission as early as tomorrow, these people added.
The “Mad Money” host makes the case for this Internet stock.
Mad Money host Jim Cramer offers a solution for investors who got burned by Internet IPOs like Zynga, Pandora and Groupon.
The new iPad's faster processor is said to be a content provider's dream. Which companies stand to benefit from the next-generation iPad, with Martin Pyykkonen, Wedge Partners media & entertainment analyst, and Billy Pidgeon, M2 Research senior analyst.
Many retailers rung up strong sales during the holiday season, putting them in a position to leverage this success in an initial public offering, said Ted Vaughan, a partner in the retail and consumer products practice of BDO USA.
Stocks finished off their worst levels Monday but still ended in the red as renewed concerns over Greece and slowing growth in China overshadowed better-than-expected economic news in the U.S.
Shares of Zynga get crushed after JPMorgan downgrades shares of the social game developer.
Take a look at some of Monday morning's early movers:
Stocks eased off their lows but still failed to close in positive territory Friday, as gains were limited following a robust rally in recent weeks and no major news on the economic front gave investors little reason to jump in.
The West Coast's Silicon Valley may be known as the birth-place of the American high-tech economy, but the East Coast is quickly becoming a hub for more and more would-be tech titans.
Stocks closed lower Wednesday, with the Dow logging its sharpest decline this year, amid ongoing worries over Greece, following the Federal Reserve's latest meeting minutes, and as Apple slumped.