Shares of Superior Venture Corp. (OTC: SVEN), a development stage company planning to produce and sell wine varietals, are seeing a huge rally in trading today. At last check, SVEN shares were trading 205.58% higher at $0.301 on above average volume of 100.70 million. The stock hit an all-time high of $0.31 in trading today.
ConAgra to Acquire Ralcorp Holdings (CAG, RAH)
ConAgra Foods Inc (NYSE: CAG) announced on Tuesday that it agreed to buy Ralcorp Holdings Inc (NYSE: RAH) in all cash deal estimated at $4.95 billion. The deal will make ConAgra one of the largest packaged food companies in North America with estimated annual sales of $18 billion.
Continue reading ConAgra to Acquire Ralcorp Holdings (CAG, RAH)
UnitedHealth Group Slashes Outlook on Fiscal 2013 Earnings (UNH)
America’s largest private health insurer, UnitedHealth Group (NYSE: UNH) said in its regulatory filing on Monday that it expects 2013 earnings to fall short of Street’s estimate due to weak business environment and looming threat of cuts in healthcare program.
Continue reading UnitedHealth Group Slashes Outlook on Fiscal 2013 Earnings (UNH)
Micro-Caps in Focus; Amarantus BioSciences Inc. (AMBS), Cannabis Science Inc. (CBIS), On4 Communications Inc. (ONCI)
Shares of Amarantus BioSciences Inc. (OTC: AMBS), a development-stage biotechnology company engaged in the discovery and development of therapeutic proteins and biologics for treatment of Parkinson’s disease, traumatic brain injury (TBI) and other human diseases, are marginally lower in trading today.
AT&T Director Buys 40,000 Shares (T)
AT&T Inc. (NYSE: T) director Matthew K. Rose bought 40,000 shares of T common stock for $33.85 per share, according to a regulatory filing. Rose made a total investment of $1.35 million.
Major Gainers and Losers on November 21; CRM, STJ, SKX, SCHL
Shares of Salesforce.com Inc. (NYSE: CRM), a provider of enterprise cloud computing and social enterprise solutions, are soaring in trading today. At last check, CRM shares were trading 8.49% higher at $158.29 on above average volume of 5.32 million. The stock hit an intra-day high of $158.29 in trading today.
Continue reading Major Gainers and Losers on November 21; CRM, STJ, SKX, SCHL
Micro-Caps on Watch; eLayaway Inc. (ELAY), Southridge Enterprises (SRGE), Nano Laboratories Corp. (CTLE)
Share of eLayaway Inc. (OTC: ELAY), a technology company specializing in the payment’s industry for online bricks and mortar merchants, are seeing a huge rally in trading today, extending its gains for the week. At last check, ELAY shares were trading 110.61% higher at $0.01on above average volume of 32.44 million.
Micro-Caps of the Day; Central Energy Partners LP (ENGY), Tranzbyte Corp. (ERBB), Santo Mining Corp. (SANP)
Shares of Central Energy Partners LP (PINK: ENGY), a provider of liquid bulk storage, railcar trans-loading and transportation services for hazardous chemicals and petroleum product sin the U.S., are seeing a huge rally in trading today.
Zynga Appoints New Chief Creative Officer (ZNGA)
It seems that departures and appointments of top executives has become a routine affair at Zynga Inc. (NASDAQ: ZNGA). Indeed, on Tuesday, the social gaming company announced that it has appointed Tim LeTourneau as its new Chief Creative Officer. LeTourneau will fill the position which was left vacant by Mike Verdu, who left Zynga in August to pursue his own entrepreneurial venture.
Prior to joining Zynga about two years ago, LeTourneau, worked at Electronic Arts for almost two decades.
LeTourneau was VP in-charge of FarmVille 2, which turned out to be as the most successful game launch in last two months, before becoming as the new Chief Creative Officer.
LeTourneau will now be responsible for supervising game designs across-the-board, moving away from his earlier role where looked after day to day operations of FarmVille 2. LaTorneau will directly report to Steve Chiang, who is President of Games while Maureen Fan has been appointed as FarmVille 2’s general manager.
Lately, Zynga has made many high profile hiring and acquisitions. For instance, recently it bought core game studio A Bit Lucky and also roped in John Tobias, a co-creator of Mortal Kombat-a series of fighting games.
Besides there have been many other high profile changes at top management level that did not received much attention. For instance: Allan Leinwand, left his job as CTO of Infrastructure in Zynga on September 10 to become VP and CTO at ServiceNow, a cloud computing service company. Allan’s departure was followed by Jeff Karp, who left Zynga on September 22. Karp was the Chief Marketing and Revenue Officer.
John Schappert, who worked as Chief Operating Officer, departed Zynga on August 8. At Present, Zynga’s CEO, Mark Pincus seem to have taken over Schappert’s role. Pincus is believed to be working in close co-ordination with David Ko and Steve Chiang for developing games.
Alan Patmore, who worked as the Studio GM, departed Zynga on August 23. He is now VP of Product at Kixeye. On August 28, Mike Verdu left his position as chief creative officer (which is now taken over by Tim Tuorneau).
Deere Reports Q4 Results (DE)
Farm and construction equipment maker Deere & Company (NYSE: DE) reported an increase in fourth-quarter profit. However, the company’s results missed Street estimates, sending shares down sharply in early trading today.