Wedbush Positive on Zynga (ZNGA) Management Changes
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Market Wrap: Zynga CFO Heads for Greener Pastures; BNY Mellon Ends Madoff Strife; Best Buy Looks Competitive; Hedge Funds on the Move
November 13, 2012 5:39 PM ESTMarket wrap-up for November 13th
End of the Day: S&P 500 down 5.5 to 1,375.53; Dow Jones down 58.9 to 12,756.18; Nasdaq down 20.4 to 2,883.89
The following is a brief summary of events moving markets today:Case closed: The Bank of New York - Mellon's (NYSE: BK) Ivy Asset Management will pay about $210 million to resolve outstanding litigation with respect to losses tied to Bernie Madoff. The payment will stem potential litigation from New York Attorney General Eric Schneiderman, the U.S. Department of... More
Zynga (ZNGA) CFO Wehner Leaves for Facebook (FB)
November 13, 2012 4:07 PM ESTZynga Inc. (Nasdaq: ZNGA) announced a number of changes to the company's executive team. Among these changes, Mark Vranesh, chief accounting officer, has been appointed chief financial officer. Mr. Vranesh succeeded David Wehner, who is leaving the company today to pursue a senior finance position at Facebook, Inc (Nasdaq: FB).
The company also announced that David Ko, previously chief mobile officer, has been appointed chief operations officer; Barry Cottle, previously executive vice president, business and corporate development, has been appointed chief revenue officer; and Steven Chiang, previously... More
