Zynga (NASDAQ:ZNGA), the biggest maker of social games, has lost two additional executives — Vice President Roy Sehgal and General Manager Steve Schreck are exiting as the firm struggles to retain top managers during a stock price decline. Sehgal, leaving in order to take time off, joined the firm in 2009 and created Café World, according to a phone interview on Saturday. Schreck wants to join a game startup founded by Mike Verdu, another Zynga alum, said the firm.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Verizon Wireless (NYSE:VZ)(NASDAQ:VOD) will shut off its Vcast Video on December 15th. The mobile video service was one of the first of its kind in 2005. However, Verizon intends to keep up its Viewdini video discovery service along with mobile access to NFL games via NFL Mobile. The Vcast Video closing accompanies the firm’s shutting down its Verizon App Store.
It was a big court decision for Microsoft Corporation (NASDAQ:MSFT) last week when the United States District Court Judge James Robart ruled that Motorola Mobility (NASDAQ:GOOG) could not disallow the sale of Microsoft products that it claims violates its H.264 patents. The Xbox, Windows, and other Microsoft products won’t be banned from sale in the United States or in Germany, according to a prior report by ComputerWorld.
Investing Insights: Is Verizon’s Stock a Buy Now?