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Wall Street Breakfast: Must-Know News
Wall Street Breakfast - 1 Page Daily Business News Summary SeekingAlpha
Fri, 2 Dec 2011
Zynga files for IPO at $7B market cap. Despite the fall in value of recently listed Internet plays, Zynga (ZNGA) has filed for an IPO in which it plans to sell 100M shares, or 14.3% of its stock, at a price of $8.50-$10. That would give the Internet-games company a valuation of up to $7B. RIM to ...
Morningstar markets editor Jeremy Glaser on the market's high earnings expectations, potholes for plugged-in cars, the Google - China conflict, and more.
A depressed housing market has capped job growth thus far, but ultimate improvement there could help extend the recovery longer than usual, says Morningstar's Bob Johnson.
Global stocks soar on $1 trillion central bank rescue plan for debt-laden European countries. Retail sales and earnings news are in focus for the week.