Zynga plans floatation

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Source: BBC

Game designer Zynga, creator of popular Farmville game for Facebook, plans listing on the stock market. Prior estimates indicate the company may raise about $925m from floatation. Zynga plans to sell over 100 million shares at $8.50 to $10 per share. The valuation can make the company the largest by the share market value in the US game market.

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Fri, 02 Dec 2011 14:20:34 GMT

FTSE 100 rally on investor hope for crisis resolution

On Friday London trade UK's FTSE 100 jumped by 1.4% to 5,566.95 led by HSBC Holdings PLC and Standard Chartered PLC each adding 3% and 3.3% respectively. Among major gainers were also resource shares: energy giant BP PLC rallied 2% while miner company BHP Billiton PLC jumped above 3%. Simon Smith FxPro's chief economist said markets feel more comfortable during past few days as

Fri, 02 Dec 2011 14:19:44 GMT

Dow Jones closes lower

Dow Jones Industrial Average closed lower on Thursday compared to previous day's rally. Index remained steady ahead of US jobs report and after applications for unemployment allowances increased last week. Index declined 0.2% or 25.65 points reaching 12,020.03. 20 out of 30 its constituents dropped. Biggest gainers were Boeing Company and Bank of America which advanced 3.33% and 1.65% respectively. On the downside were Alcoa

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