Friday, October 25, 2013

Zynga trims 3Q losses under new CEO, stock surges

FILE -In this June 26, 2012 file photo then Zynga CEO Mark Pincus walks off the stage after an announcement of new games at Zynga headquarters in San Francisco. Zynga Inc. earnings announced Thursday Oct. 24, 2013 whittled its third-quarter losses even as its revenue plunged and fewer people played its digital games. (AP Photo/Paul Sakuma, fIle)







FILE -In this June 26, 2012 file photo then Zynga CEO Mark Pincus walks off the stage after an announcement of new games at Zynga headquarters in San Francisco. Zynga Inc. earnings announced Thursday Oct. 24, 2013 whittled its third-quarter losses even as its revenue plunged and fewer people played its digital games. (AP Photo/Paul Sakuma, fIle)







(AP) — Zynga Inc. whittled its third-quarter losses even as its revenue plunged and fewer people played its digital games.

The improvement raised investors' hopes that the hobbled company might be able to regain its stride under a new CEO hired during the summer, and shares jumped 13 percent in after-hours trading.

The results announced Thursday served as the first report card for Don Mattrick, a respected video-game executive who was overseeing Microsoft's Xbox division until he was hired in July to replace Zynga founder Mark Pincus as CEO of the San Francisco company.

Mattrick is turning to an old colleague to help him in his attempt to engineer a turnaround. Zynga said Thursday that Clive Downie will become its chief operating officer beginning Nov. 4. Downie, 41, is defecting from a mobile game maker called DeNA, but he and Mattrick previously worked together at video game maker Electronic Arts Inc.

Zynga will tap into Downie's expertise in mobile games as it tries to connect with more people on smartphones and tablet computers. The company's biggest hits, such as "FarmVille" and "Mafia Wars," have primarily been played on desktop and laptop computers that have been declining in use.

That trend has saddled Zynga with massive losses, causing its stock to plunge 60 percent from its initial public offering price of $10 nearly two years ago. The shares gained 47 cents to $4 in extended trading Thursday.

Zynga lost $68,000 in the three months ended in September. That translated into breaking even on a per-share basis. It marked a dramatic improvement from a loss of $52.7 million, or 7 cents per share, at the same time last year.

If not counting one-time gains, Zynga said it would have lost 2 cents per share. That figure was better than the average loss of 4 cents per share projected by analysts, according to FactSet.

Revenue tumbled 36 percent to $202.6 million — about $13 million more than analysts had predicted.

An average of 30 million people played Zynga's games on a daily basis during the third quarter, down from 60 million at the same time last year.

Zynga has offset the waning popularity of its games by shedding workers. Most recently, the company laid off 520 employees, or 18 percent of its payroll, earlier this year. Zynga ended September with 2,206 employees, down from 2,360 workers in June. The workforce peaked at about 3,300 employees last year.

The cost-cutting is expected to help trim Zynga's losses again in the current quarter ending in December. Zynga is preparing for a loss ranging from $21 million to $31 million in the final quarter of the year, down from nearly $49 million at the same time last year.

"Our teams are working hard to compete more aggressively on the Web, move to mobile and develop new hits, and I am happy with the early progress we have made," Mattrick said in a statement.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-10-24-US-Earns-Zynga/id-0d9f6240c97b420a8227c0ab1a8616a5
Related Topics: goog   courtney stodden   Blurred Lines Lyrics   msft   Mackenzie Rosman  

Seth Meyers & Alexi Ashe’s Wedding Day: Vogue Has Pics!


He couldn’t have been happier to say “I Do” with his beautiful bride Alexi Ashe, and Seth Meyers' wedding day has been captured in gorgeous photos thanks to Vogue magazine.


The “Saturday Night Live” stud and his wife took the plunge at Martha’s Vineyard in Massachusetts on September 1st, and they both sported ear-to-ear grins the entire time.


Of course, Alexi selected a magnificent Caroline Herrera cap-sleeve lace gown teamed with an elegant veil and simple drop earrings, while Seth selected a classy dark suit.


As for the celebrity-laden guest list, stars like Brad Paisley, Olivia Wilde, Jack McBrayer, Ali Larter, Rashida Jones, Nick Kroll, Kristen Wiig, and Jimmy Fallon all showed up for the shindig.


Source: http://celebrity-gossip.net/seth-meyers/seth-meyers-alexi-ashe%E2%80%99s-wedding-day-vogue-has-pics-948998
Related Topics: Nexus 5   Krokodil   Agents of SHIELD   floyd mayweather   Manny Diaz  

Ellis Island museum to reopen Monday


NEW YORK (AP) — Ellis Island will reopen to the public Monday, almost exactly a year after Superstorm Sandy's swells reached 8 feet and badly damaged the former U.S. immigration entry point.

"We are delighted to be able to share Ellis Island's uniquely American story with the world once more," Superintendent David Luchsinger said in a statement Thursday.

The Oct. 29 storm swamped boilers and electrical systems, and the 27.5-acre island in New York Harbor was without power for months.

The Ellis Island Immigration Museum, housed in the main building on the island, showcases the stories of the millions of immigrants who passed through the island to start their lives in the United States.

More than a million documents, photographs and other artifacts at the museum were moved before the storm because it was impossible to maintain the climate-controlled environment needed for their preservation.

While the halls and buildings will reopen, the artifacts remain in a temporary storage facility in Maryland, park officials said. There's no estimate on when they will return to the island, because considerable work to upgrade and fix the buildings is still ongoing.

"You're not going to see a complete restoration of Ellis Island for a while," spokesman John Warren said.

Crews are still working on revamping so that the next bad storm won't leave the island shuttered for a year, he said.

Nearby Liberty Island, which also flooded during Sandy, reopened on July 4th but was closed during the partial federal government shutdown.

"I can think of no better way to celebrate Lady Liberty's 127th birthday than to welcome visitors back to the place where those 'huddled masses yearning to breathe free' first came to our shores," Luchsinger said, referring to a line in the Emma Lazarus poem "The New Colossus," which is engraved on a plaque hung inside the statue's pedestal.

There's no cost estimate yet on how much it will take to repair and revamp the island.

Source: http://news.yahoo.com/ellis-island-museum-reopen-monday-140538516.html
Tags: Cnn.com   amanda knox   Ray Rice   Fantastic Beasts and Where to Find Them   Maria Mitchell  

With Red Sox in World Series, TV ratings rebound


BOSTON (AP) — With the Boston Red Sox back in the World Series, television ratings jumped for the opener.

Boston's 8-1 win over the St. Louis Cardinals drew an 8.6 national rating, a 14 share and 14.4 million viewers, Nielsen Media Research said Thursday.

The rating was up 13 percent from the 7.6/12 for San Francisco's 8-3 victory over Detroit last year, which was a record low for a World Series opener. Wednesday night's game was seen by 14.4 million viewers, an 18 percent increase from 12.2 million last year and the most-watched Series opener since the Giants' 11-7 win over Texas in 2010 was seen by 15 million.

Wednesday's game peaked with 16.9 million viewers during the second inning, when the Red Sox scored twice and took a 5-0 lead.

The rating is the percentage of television households tuned to a program, and the share is the percentage tuned to a broadcast among the TV households with sets on at the time.

Source: http://news.yahoo.com/red-sox-world-series-tv-ratings-rebound-185742785.html
Related Topics: Rashad Johnson   nbc news   vince young   Iams Recall   meteor shower tonight  

The must-have iPad office apps, round 7

Sorry, Readability was unable to parse this page for content.

Source: http://podcasts.infoworld.com/slideshow/125442/the-must-have-ipad-office-apps-round-7-229442?source=rss_infoworld_top_stories_
Category: NFL Network   Nfl Fantasy   nytimes   Jeff Tuel   pharrell  

Merkel: US spying has shattered allies' trust


BRUSSELS (AP) — European leaders united in anger as they attended a summit overshadowed by reports of widespread U.S. spying on its allies — allegations German Chancellor Angela Merkel said had shattered trust in the Obama administration and undermined the crucial trans-Atlantic relationship.

The latest revelations that the U.S. National Security Agency swept up more than 70 million phone records in France and may have tapped Merkel's own cellphone brought denunciations from the French and German governments.

Merkel's unusually stern remarks Thursday as she arrived at the European Union gathering indicated she wasn't placated by a phone conversation she had Wednesday with President Barack Obama, or his personal assurances that the U.S. is not listening in on her calls now.

"We need trust among allies and partners," Merkel told reporters in Brussels. "Such trust now has to be built anew. This is what we have to think about."

"The United States of America and Europe face common challenges. We are allies," the German leader said. "But such an alliance can only be built on trust. That's why I repeat again: spying among friends, that cannot be."

The White House may soon face other irked heads of state and government. The British newspaper The Guardian said Thursday it obtained a confidential memo suggesting the NSA was able to monitor 35 world leaders' communications in 2006. The memo said the NSA encouraged senior officials at the White House, Pentagon and other agencies to share their contacts so the spy agency could add foreign leaders' phone numbers to its surveillance systems, the report said.

The Guardian did not identify who reportedly was eavesdropped on, but said the memo termed the payoff very meager: "Little reportable intelligence" was obtained, it said.

Other European leaders arriving for the 28-nation meeting echoed Merkel's displeasure. Swedish Prime Minister Fredrik Reinfeldt called it "completely unacceptable" for a country to eavesdrop on an allied leader.

If reports that Merkel's cellphone had been tapped are true, "it is exceptionally serious," Dutch Prime Minister Mark Rutte told national broadcaster NOS.

"We want the truth," Italian Premier Enrico Letta told reporters. "It is not in the least bit conceivable that activity of this type could be acceptable."

Echoing Merkel, Austria's foreign minister, Michael Spindelegger, said, "We need to re-establish with the U.S. a relationship of trust, which has certainly suffered from this."

France, which also vocally objected to allies spying on each other, asked that the issue of reinforcing Europeans' privacy in the digital age be added to the agenda of the two-day summit. Before official proceedings got under way, Merkel held a brief one-on-one with French President Francois Hollande, and discussed the spying controversy.

After summit talks that lasted until after 1 a.m. Friday, Herman Van Rompuy, European Council president, announced at a news conference that France and Germany were seeking bilateral talks with the United States to resolve the dispute over electronic spying by "secret services" by the end of this year.

"What is at stake is preserving our relations with the United States," Hollande told reporters at his own early-morning news conference. "They should not be changed because of what has happened. But trust has to be restored and reinforced."

"It's become clear that for the future, something must change — and significantly," Merkel said. "We will put all efforts into forging a joint understanding by the end of the year for the cooperation of the (intelligence) agencies between Germany and the U.S., and France and the U.S., to create a framework for the cooperation."

The Europeans' statements and actions indicated that they hadn't been satisfied with assurances from Washington. On Wednesday, White House spokesman Jay Carney said Obama personally assured Merkel that her phone is not being listened to now and won't be in the future.

"I think we are all outraged, across party lines," Wolfgang Bosbach, a prominent German lawmaker from Merkel's party, told Deutschlandfunk radio. "And that also goes for the response that the chancellor's cellphone is not being monitored — because this sentence says nothing about whether the chancellor was monitored in the past."

"This cannot be justified from any point of view by the fight against international terrorism or by averting danger," Bosbach said.

Asked Thursday whether the Americans had monitored Merkel's previous communications, White House spokesman Carney wouldn't rule it out.

"We are not going to comment publicly on every specified alleged intelligence activity," he said.

But while the White House was staying publicly mum, Carney said the Obama administration was discussing Germany's concerns "through diplomatic channels at the highest level," as it was with other U.S. allies worried about the alleged spying.

Obama adviser for homeland security and counterterrorism Lisa Monaco wrote in an editorial published on the USA Today website Thursday night that the U.S. government is not operating "unrestrained."

The U.S. intelligence community has more restrictions and oversight than any other country, she wrote "We are not listening to every phone call or reading every e-mail. Far from it."

Monaco noted that a privacy and civil liberties oversight board is reviewing counterterrorism efforts to ensure that privacy and civil liberties are protected.

"Going forward, we will continue to gather the information we need to keep ourselves and our allies safe, while giving even greater focus to ensuring that we are balancing our security needs with the privacy concerns all people share," she wrote.

In the past, much of the official outrage in Europe about revelations of U.S. communications intercepts leaked by former NSA contract worker Edward Snowden seemed designed for internal political consumption in countries that readily acknowledge conducting major spying operations themselves. But there has been a new discernible vein of anger in Europe as the scale of the NSA's reported operations became known, as well as the possible targeting of a prominent leader like Merkel, presumably for inside political or economic information.

"Nobody in Germany will be able to say any longer that NSA surveillance — which is apparently happening worldwide and millions of times — is serving solely intelligence-gathering or defense against Islamic terror or weapons proliferation," said Hans-Christian Strobele, a member of the German parliamentary oversight committee.

Martin Schulz, president of the European Parliament, said Europe's undermined confidence in the U.S. meant it should suspend negotiations for a two-way free-trade agreement that would account for almost half of the global economy. The Americans, Schulz said, now must prove they can be trusted.

"Let's be honest. If we go to the negotiations and we have the feeling those people with whom we negotiate know everything that we want to deal with in advance, how can we trust each other?" Schulz said.

European Union Commission President Jose Manuel Barroso said for many Europeans, eavesdropping on their phone calls or reading their emails is particularly objectionable because it raises the specter of totalitarian regimes of the recent past.

"At least in Europe, we consider the right to privacy a fundamental right and it is a very serious matter. We cannot, let's say, pretend it is just something accessory," Barroso told a presummit news conference.

Referring to the former East Germany's secret police, the feared Stasi, Barroso said, "to speak about Chancellor Merkel, in Germany there was a part of Germany where there was a political police that was spying on people's lives every day. So we know very recently what totalitarianism means. And we know very well what comes, what happens when the state uses powers that intrude in people's lives. So it is a very important issue, not only for Germany but for Europe in general."

In Berlin, the German Foreign Ministry summoned the U.S. ambassador to stress how seriously it takes the reported spying on Merkel. Germany's defense minister said his country and Europe can't return "to business as usual" with Washington, given the number of reports that the United States has eavesdropped on allied nations.

A German parliamentary committee that oversees the country's intelligence service met to discuss the spying allegations. Its head, Thomas Oppermann, recalled previous reports to the panel that U.S. authorities had denied violating German interests, and said, "we were apparently deceived by the American side."

___

Moulson reported from Berlin. Associated Press writers Raf Casert and Juergen Baetz in Brussels, David Rising in Berlin, Cassandra Vinograd in London and Josh Lederman in Washington contributed to this report.

Source: http://news.yahoo.com/merkel-us-spying-shattered-allies-trust-202157098.html
Category: kansas city chiefs   patriots   Canelo Vs Mayweather   evelyn lozada   H&m