USA - President Barack Obama Taps Jim Yong Kim for World Bank

Published on Mar 23, 2012 by AssociatedPress

President Barack Obama nominated Dartmouth College President Jim Yong Kim to head the World Bank Friday. It's a surprise choice for the World Bank's top job. (March 23)

Zynga Files S-1 With SEC To Sell 42.9 Million Shares

Uploaded by FinancialNewsOnline on Mar 23, 2012

In the wake of Zynga's (NASDAQ:ZNGA) OMGPOP acquisition, Zynga filed a fresh and amended S-1 registration with the SEC that allows the company to sell over 42.9 million shares of common equity at its discretion.

Zynga listed Morgan Stanley, Barclays and Goldman as underwriters.

Zynga has a market cap of $10 billion and 121.7 million shares outstanding as of February 14th.

eBay Selling Rent.com to Primedia

Uploaded by FinancialNewsOnline on Mar 23, 2012

Ebay (NASDAQ:EBAY) announced late Thursday that it plans to sell Rent.com to Primedia Inc.

Charles Stubbs, PRIMEDIA President and Chief Executive Officer, who will lead the combined company said, "Rent.com has a strong reputation, brand awareness, history and URL. Both Rent.com and PRIMEDIA have long track records of delivering a high-quality consumer and client experience in the marketplace."

The deal is expected to close sometime in the second quarter.

eBay (NASDAQ:EBAY) has potential upside of 4.8% based on a current price of $37.62 and an average consensus analyst price target of $39.43.

What's In The News: March 23, 2012 Bank of America (NYSE:BAC) ...

Uploaded by FinancialNewsOnline on Mar 23, 2012

This is what's in the news for Friday March 23, 2012. The Wall Street Journal reports the SEC is examining whether some sophisticated, rapid-fire trading firms have used their ties to computerized stock exchanges to gain an unfair advantage over other investors, sources say. The Wall Street Journal also reports Bank of America (NYSE:BAC) will test allowing homeowners at risk of foreclosure to turn over deeds to their houses and sign leases that will let them rent the houses back from the bank at a market rate. Bloomberg reports Federal Reserve Bank of St. Louis President James Bullard says U.S. monetary policy may be at a turning point and a Fed interest rate increase could come as soon as late 2013. Reuters reports Saudi Arabia will be able to pump enough oil to make up for any loss of Iranian output caused by Western sanctions, according to the head of the International Energy Agency.

Britain - 131 Afghanistan troops rewarded for bravery

Uploaded by telegraphtv on Mar 23, 2012

Aircraft Engineer Michelle Ping and Corporal Carl Taylor are among 131
servicemen and women receiving awards in the operational honours list for
their bravery.

Britain - The Queen starts Sport Relief Mile during a visit to the BBC's Media City in Salford

Uploaded by telegraphtv on Mar 23, 2012

The Queen starts the Sport Relief Mile charity race during a visit to the
BBC's Media City in Salford as part of her Diamond Jubilee tour of the
United Kingdom.

Britain - Minimum pricing on alcohol 'will save lives'

Uploaded by telegraphtv on Mar 23, 2012

Home Secretary Theresa May and Professor Sir Ian Gilmore say mimimum prices on
each unit of alcohol will help tackle the UK's binge drinking culture.

Britain - William Hague admits he cannot ban Asma Assad from travel

Uploaded by telegraphtv on Mar 23, 2012

Foreign Secretary William Hague admits he is powerless to prevent the Syrian First Lady from entering the UK because she holds a British passport.