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Activision Blizzard Inc (NASDAQ:ATVI) has done it again. Its latest offering, “Call of Duty: Black Ops II,” generated over $1 billion of retail sales within 15 days of release. That’s a day earlier than the previous version, which took 16 days to touch the magic billion-dollar mark. On the silver screen, the “Avatar” movie accomplished the same feat in 2009 in 17 days. Activision Chief Executive Officer announces, “Sales for the ‘Call of Duty’ franchise have exceeded worldwide theatrical box office receipts for ‘Harry Potter’ and ‘Star Wars’, the two most successful movie franchises of all time.”
There’s a difference between tax evasion and tax avoidance. A Reuters report examines how Amazon (NASDAQ:AMZN) allegedly uses Luxembourg domiciled companies, intellectual property rights and convenient transfer pricing to legally avoid (not illegally evade) high domestic corporate taxation, thereby accumulating more than $2 billion in tax-free cash in the Luxembourg unit.
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Fed Chief Ben Bernanke’s all-out war on unemployment gets support from Apple (NASDAQ:AAPL) whose CEO, Tim Cook, announces at an exclusive interview on NBC’s “Rock Centre” that one of the company’s existing Mac lines would be manufactured in the United States by next year. That’s not all, “when you back up and look at Apple’s effect on job creation in the United States, we estimate that we’ve created more than 600,000 jobs now,” he said, putting in perspective repeated criticism of Apple for its Chinese contract manufacturing. A key takeaway from the interview on what could be expected now from Apple in the way of new products: TV. “It’s an area of intense interest. I can’t say more than that.”
Zynga (NASDAQ:ZNGA) takes baby steps forward towards its goal to conduct real-money gaming in the United States. It kicks off an 18 month process that would establish its eligibility to apply for a licence, by filing an “Application For a Preliminary Finding of Suitability” from the Nevada Gaming Control Board. Zynga recently tied up with the UK’s bwin.party, a real money gaming operator, for launching about 180 games, including slots, roulette and blackjack, in the first half of 2013, with the service operating under b.win.party’s Gibraltar gaming license.
“If we can reach a settlement with an interesting number, we would go for it. It’s up to them.” That’s a statement from Carlos Bazan-Canabal, partner in Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V., two Mexican companies that received a huge $2.7 billion judgement in their favour in a lawsuit against Yahoo (NASDAQ:YHOO). Yahoo’s comment: “We’re not going to comment on our legal strategy, beyond the fact that we believe the claims are without merit and will vigourously pursue an appeal.”
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