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)
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Friday, March 23, 2012
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.
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.
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.
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