Tech Business Roundup: Yahoo Gobbles Up More Content, Zynga Loses a Key Asset
Top motion picture talent in original videos continues to be appealing as Yahoo (NASDAQ:YHOO) announced a deal to distribute a new comedy series called Burning Love. Paramount (NYSE:VIA) and a studio owned by Ben Stiller will co-produce the series.
Investing Insights: China’s Baidu Schools Google with Microblog Deal.
A fourth quarter warning, uncertain 2012 guidance, and a delayed 10-K filing, is causing havoc for shares of A123 Systems (NASDAQ:AONE), now down significantly. Bank of America’s downgrade to Underperform from BofA, isn’t helping either. Among A123’s worries are cost overruns that are pushing up its short-term risk, and a lack of visibility and transparency. The slow development of A123’s electric car battery, amid formidable competition adds to the company’s woes.
Cablevision (NYSE:CVC) saw its first insider buy this week, after almost three years, as director Rand Araskog purchased 25,000 shares for about $356 thousand. A report of a 47 percent drop in profit had shares down sharply on Tuesday.
Zynga (NASDAQ:ZNGA) will lose its lead game designer Michael McCormick to a startup, according to All Things Digital. McCormick is a veteran of the game industry.
Don’t Miss: Facebook Wants More Money.
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