Zynga to Leave Tokyo and 3 Hot Stocks Trading Today
According to a posting by Zynga (NASDAQ:ZNGA) Japan CEO Kenji Matsubara on Facebook, the company will close its Tokyo office by the end of January 2013. Zynga CEO Mark Pincus had hinted at a move in October.
Taiwanese PC maker, Acer Inc, is throwing its hat into the budget Android tablets ring. Priced around $99, and expected to be launched early next year, the 7 inch, 1.2 GHz dual core, 1024 x 600 resolution tablet will take aim at Amazon (NASDAQ:AMZN) produced Kindle Fire and Barnes & Noble’s (NYSE:BKS) Nook Color tablets for market share. Acer’s tablet is called the Iconia B1 and its low pricing is also geared to get a foothold in the redhot Chinese tablet market, perhaps at some cost to margins.
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Estimated box office collections for Friday through Sunday at US and Canadian screens put Time Warner (NYSE:TWX) produced The Hobbit at the top of the chart with $36.7 million, followed by Tom Cruise starrer Jack Reacher at $15.6 million and marital comedy This Is 40 at third place with takings of $12 million. The somewhat soft collections are attributed to people choosing last-minute Christmas preparations over movies.
The Shanghai Food and Drug Administration pronounced Yum Brands (NYSE:YUM) KFC chicken samples contained acceptable levels of antibiotics and steroids, excepting one sample that allegedly showed up a questionable level of the anti-viral drug amantadine, according to Reuters. The SFDA has ordered a recall of the related products and is conducting an inspection of KFC outlets in the city.